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Corporate Governance In Romania (II – Considerations On Romania’S Compliance On Oecd Principles On Corporate Governance)
- Source :
- Annals of the University of Oradea: Economic Science, Vol 2, Iss 1, Pp 571-575 (2008)
- Publication Year :
- 2008
- Publisher :
- University of Oradea, 2008.
-
Abstract
- The companies’ sector in Romania experienced a positive development after 1990, especially concerning their number, as a result of private initiative and privatizations. The prevalence of SMEs in the companies’ sector is obvious, and their number increased 3.4 times after 1992, to a amount of 431135 at the end of 2005. The banking system reform was started in 1990 with the creation of a two-tier bank system. The drastic structural changes that took place between 1998 and 2000 reflected two major events: the crisis and eventual collapse of several state-owned and private banks and the privatisation drive, both resulting in a cleaner and more solid banking system. In 1996, the mass privatization program contributed at the appearance of a large number of individual shareholders to all state companies and consequently was achieved the settlement of a over the counter market called.
Details
- Language :
- German, English, French, Italian
- ISSN :
- 1222569X and 15825450
- Volume :
- 2
- Issue :
- 1
- Database :
- Directory of Open Access Journals
- Journal :
- Annals of the University of Oradea: Economic Science
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.46d7788fe7439b96bb989c1ddeb51f
- Document Type :
- article