%0 Journal Article
	%A M. Ionascu and  L. Olimid
	%D 2011
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 53, 2011
	%T Corporate Governance Practices and Analysts Forecast Accuracy Evidence for Romania
	%U https://publications.waset.org/pdf/12085
	%V 53
	%X In the last few years, several steps were taken in order
to improve the quality of corporate governance for Romanian listed
companies. Higher standards of corporate governance is documented
in the literature to lead to a better information environment, and,
consequently, to increase analysts forecast accuracy. Accordingly, the
purpose of this paper is to investigate the extent to which corporate
governance policies affect analysts forecasts for companies listed on
Bucharest Stock Exchange. The results showed that there is indeed a
negative correlation between a corporate governance index – used as
a proxy for the quality of corporate governance practices - and
analysts forecast errors.
	%P 700 - 704