<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Over the past two years a significant number of issuers have emerged on the AeRO Multilateral Trading Facility (MTF) organized and managed by the Bucharest Stock Exchange (BSE). Preliminary assessments concluded that investors’ interest for the recent AeRO public offerings of equity and debt seemed to be even greater than in case of the regulated market, possibly explained by a higher return on investments. On the other hand, a preference for the AeRO market instead of the regulated market has been also noticed among the inssuers trying to avoid compliance costs related to financial reporting and corporate governance. These assumptions are relevant to sustain a research direction related to a quality assessment of compliance with relevant corporate governance principles that AeRO issuers must also embrace and implement. The research methodology includes governance compliance inspections, issuers’ website screenings and annual report reviews. The sample of issuers is formed by the 20 issuers included in the BETAeRO Index launched on 11th of October, 2021. We expect that our findings will provide a relevant basis of conclusions to support a broaden utility of the Vektor transparency index, which should be extended for AeRO issuers as well.</p>
</abstract>

Over the past two years a significant number of issuers have emerged on the AeRO Multilateral Trading Facility (MTF) organized and managed by the Bucharest Stock Exchange (BSE). Preliminary assessments concluded that investors’ interest for the recent AeRO public offerings of equity and debt seemed to be even greater than in case of the regulated market, possibly explained by a higher return on investments. On the other hand, a preference for the AeRO market instead of the regulated market has been also noticed among the inssuers trying to avoid compliance costs related to financial reporting and corporate governance. These assumptions are relevant to sustain a research direction related to a quality assessment of compliance with relevant corporate governance principles that AeRO issuers must also embrace and implement. The research methodology includes governance compliance inspections, issuers’ website screenings and annual report reviews. The sample of issuers is formed by the 20 issuers included in the BETAeRO Index launched on 11th of October, 2021. We expect that our findings will provide a relevant basis of conclusions to support a broaden utility of the Vektor transparency index, which should be extended for AeRO issuers as well.

Quality Assessment for Corporate Governance Compliance: the Case of BSE-MTF Listed Entities

Faculty of Economics and Law, ED1 Department – Economic Sciences

University of Medicine, Pharmacy, Sciences and Technology “George Emil Palade” from Targu Mures

Acta Marisiensis. Seria Oeconomica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Over the past two years a significant number of issuers have emerged on the AeRO Multilateral Trading Facility (MTF) organized and managed by the Bucharest...

Quality Assessment for Corporate Governance Compliance: the Case of BSE-MTF Listed Entities

Publié en ligne: 27 févr. 2022

Pages: 11 - 18

DOI: https://doi.org/10.2478/amso-2021-0007

Mots clés
corporate governance, compliance statement, investors’ protection, multilateral trading facility, securities’ issuer

© 2021 Ioan Ovidiu Spătăcean et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Quality Assessment for Corporate Governance Compliance: the Case of BSE-MTF Listed Entities

Publié en ligne: 27 févr. 2022

Pages: 11 - 18

DOI: https://doi.org/10.2478/amso-2021-0007

Mots cléscorporate governance, compliance statement, investors’ protection, multilateral trading facility, securities’ issuer

© 2021 Ioan Ovidiu Spătăcean et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Mots clés
corporate governance, compliance statement, investors’ protection, multilateral trading facility, securities’ issuer