The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies
This paper offers an investigation at a micro-level of entrepreneurship in the business environment. More precisely, we conduct an empirical study of the relationship between corporate entrepreneurship and corporate governance in the case of the Romanian nonfinancial listed companies. We use publ...
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| Format: | Article |
| Language: | English |
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Editura ASE
2015-02-01
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| Series: | Amfiteatru Economic |
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| Online Access: | http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2370 |
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| _version_ | 1849410203697545216 |
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| author | Nadia Albu Ruxandra Adriana Mateescu |
| author_facet | Nadia Albu Ruxandra Adriana Mateescu |
| author_sort | Nadia Albu |
| collection | DOAJ |
| description | This paper offers an investigation at a micro-level of entrepreneurship in the business
environment. More precisely, we conduct an empirical study of the relationship between
corporate entrepreneurship and corporate governance in the case of the Romanian nonfinancial
listed companies. We use publicly-available information (financial statements,
annual reports) and we mobilize a framework derived from the agency and signalling
theories to interpret our findings from the statistical analysis based on correlations. Our
results suggest that there are differences between industries and between the companies
included or not in the new BET-TR index in terms of corporate entrepreneurship and
corporate governance practices and disclosures. Agency theory partly explains our findings.
Specifically, some corporate governance mechanisms, i.e. board independence and
institutional ownership, are associated in our sample with corporate entrepreneurship. We
thus document that corporate governance as a controlling and management technique
fosters corporate entrepreneurship in Romanian companies. Signalling theory assumptions
are generally not verified for the companies in our study. There are only a few associations
between high values of corporate entrepreneurship and corporate entrepreneurship
disclosures, and even fewer between corporate governance practices and corporate
governance disclosures. |
| format | Article |
| id | doaj-art-783050a7ddb146a68aa960d3029d3a0d |
| institution | Kabale University |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2015-02-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-783050a7ddb146a68aa960d3029d3a0d2025-08-20T03:35:12ZengEditura ASEAmfiteatru Economic1582-91462247-91042015-02-0117384459The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed CompaniesNadia Albu 0Ruxandra Adriana Mateescu 1The Bucharest University of Economic Studies, RomaniaBucharest University of Economic Studies, RomaniaThis paper offers an investigation at a micro-level of entrepreneurship in the business environment. More precisely, we conduct an empirical study of the relationship between corporate entrepreneurship and corporate governance in the case of the Romanian nonfinancial listed companies. We use publicly-available information (financial statements, annual reports) and we mobilize a framework derived from the agency and signalling theories to interpret our findings from the statistical analysis based on correlations. Our results suggest that there are differences between industries and between the companies included or not in the new BET-TR index in terms of corporate entrepreneurship and corporate governance practices and disclosures. Agency theory partly explains our findings. Specifically, some corporate governance mechanisms, i.e. board independence and institutional ownership, are associated in our sample with corporate entrepreneurship. We thus document that corporate governance as a controlling and management technique fosters corporate entrepreneurship in Romanian companies. Signalling theory assumptions are generally not verified for the companies in our study. There are only a few associations between high values of corporate entrepreneurship and corporate entrepreneurship disclosures, and even fewer between corporate governance practices and corporate governance disclosures.http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2370corporate entrepreneurshipcorporate governanceRomaniaagency theorysignalling theory |
| spellingShingle | Nadia Albu Ruxandra Adriana Mateescu The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies Amfiteatru Economic corporate entrepreneurship corporate governance Romania agency theory signalling theory |
| title | The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies |
| title_full | The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies |
| title_fullStr | The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies |
| title_full_unstemmed | The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies |
| title_short | The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies |
| title_sort | relationship between entrepreneurship and corporate governance the case of romanian listed companies |
| topic | corporate entrepreneurship corporate governance Romania agency theory signalling theory |
| url | http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2370 |
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