CONSIDERATIONS ON THE IMPACT OF LEGAL INSTITUTIONS RENEWAL IN STRATEGIC MANAGEMENT

摘要

For a developing country whose legal system belongs to the civil-law's family, reaching the desideratum to increase the attractiveness of the investment climate through low transaction costs, a better enforcement of contracts, protection of property rights would be possible through an institutional legal transplant along with a renovation of other existing legal institutions. The paper aims a radiography of the most important legal institutions (some specific to the Napoleonic law but reformed and others transplanted from Anglo-Saxon common law) evident in the New Civil Code in Romania, trying to highlight a potential impact (negative/positive) in strategic management of private economic organizations.