PERFORMANCES AND STRATEGIES IN ROMANIAN BANKING SYSTEM - EMPIRICAL ANALYSIS BASED ON CORPORATE GOVERNANCE INDEX

The purpose of our empirical study is to assess the relationship between corporate governance features and performance/strategies in case of Romanian banking system. The research methodology used for achieving our goal is based on econometric analysis using statistical tools correlations for identifying the relationships and regressions for assessing them - all of these being performed using SPSS software. In this respect, firstly, we developed a corporate governance index made of three sub-indices, one for each of the following corporate governance structures: board of directors, ownership and management. The main features considered for developing the indices refer to provenience, size, independence and gender diversity of executive management and board of directors, as well as to provenience, structure, origin and concentration of shareholders. The results of the performed analysis reveal significant positive influences of management sub-index on both strategies and performances, while board of directors and shareholders' sub-indices proved influenced just strategies, respectively performances.