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THE MACRO-RISK OF DOING BUSINESS IN CENTRAL AND EASTERN EUROPE

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Author(s): BODISLAV DUMITRU-ALEXANDRU

Journal: Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
ISSN 1844-7007

Volume: 4;
Issue: 4;
Start page: 93;
Date: 2013;
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Keywords: macro-risk | corporate governance | political risk | financial risk | government

ABSTRACT
What happens when the company that creates country and company rankings is guilty of fraud? The economymust re-evaluate the way it is establishing the hierarchy of business “heroes” and how it classifies the transnationalcorporations and how countries rank after they are screened for their intermediate ranks at political, economic,financial and country level.This paper studies the phenomenon of transnational relations and the pressure of multiculturalism on corporategovernance done in countries that are situated in the Central and Eastern part of Europe and have as commoneconomic characteristic the fact that they are emergent markets.
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