Theoretical and Applied Economics (Feb 2009)

Minority Shareholders’ Protection: the Romanian Experience

  • Victor Dragota,
  • Anamaria Ciobanu,
  • Delia Catarama,
  • Andreea Semenescu,
  • Carmen Maria Lacatus

Journal volume & issue
Vol. 02(531), no. 02(531)
pp. 35 – 48

Abstract

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This paper performs an analysis of the regulation regarding minority shareholders protection in Romania. The paper estimates the level for minority shareholders protection based on the Pistor, Raiser and Gelfer (2000) index during the period 1996-2008. This index improved from 13 (January 1996) to 17.25 (March 2008) having a maximum value of 17.75 during May 2002- November 2006.

Keywords