Suchergebnisse

Abstract
The aim of the paper is to find if the corporative governance characteristics have an impact on bank performance. We conducted an OLS regression on panel data (fixed, random effects and first-difference). We used data from Romanian and Bulgarian commercial banks as reported by Bureau van Dijk database and categorical variables manually collected by analyzing the annual reports of the banks from our sample. These latest dummy variables reflect the corporative governance component for our model. The data used in our paper is from 2003 to 2015 period. Our results showed that there are some statistically significant effects of our categorical variables on bank profitability in both countries, so, the good practice of corporate should be applied for obtaining higher bank's performance.

The current financial crisis and the lack of resources made imperative the analysis of the efficiency for managing public money, both at the central and at the local level. The general objective of the research is constituted by the estimate of the technical efficiency of all counties in Romania, as well as the analysis of its implications in local development. The originality and novelty of the study are supported by the research of a subject that has in the center the efficiency of the public authorities, current research direction for the public sector, in view of achieving a complex study. In order to reach the objective proposed, we will perform calculations on the basis of the Data Envelopment Analysis mathematical model and of the Tobit non-linear econometric model. At the same time, we reach the conclusion that in Romania, as in other states, there is a causality link between the efficiency of the local authorities and the level of corruption.