Transformations  in
Business & Economics

Reporting Corporate Governance - A Case Study on Romanian Companies
Camelia Liliana Dobroteanu, Laurentiu Dobroteanu, Adriana-Sofia Raileanu

ABSTRACT. The main purpose of our paper is to investigate the disregarding attitude demonstrated by companies toward the mandatory or voluntarily corporate governance disclosures. Our study does not seek to demonstrate (nor does it reveal) the extent to which companies apply the Corporate Governance Code, but the extent to which they disclose information regarding corporate governance. Therefore, the poor reporting on this subject indicates the companies` lack of interest where as to such reports.

Although limited to the sample size level, our research conclusions show a material ignorance gap for the Romanian companies as far as the usefulness of corporate governance disclosure is concerned. Our paper contributes to the widening of corporate governance research and practices. The particular issues approached in our study (such as identification, measuring and providing possible explanations for the ignorance gap) render it with originality.

KEYWORDS: corporate governance, ignorance gap, perceptions, disclosure, Romania.

JEL classification: M10, M14, M21, P2.