Individual Blockholders and Corporate Risk-Taking: Korean Evidence

Yim, Sang-Giun

doi:10.17549/gbfr.2021.26.4.49

Cited by 2 publications

(3 citation statements)

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“…This means that if the proportion of institutional ownership in the firm's board increases it reduces the firm's risk-taking by choosing the right risky investment. These results are consistent with the most recent study by Ahmad and Azhari (2022) and Yim (2021) in which they found a negative association between institutional ownership and corporate risk-taking. Furthermore, independent director, size of audit and gender diversity is negatively associated with corporate risk-taking.…”

Section: B Corporate Governance and Corporatesupporting

confidence: 93%

“…Institutional shareholders are motivated to monitor corporate risk-taking because they know that corporate risk-taking has a crucial link with firm performance. Prior literature provides evidence that shifts in ownership and control impact performance variation linked to corporate risk-taking (Nguyen, 2011;Sakawa et al, 2021;Yim 2021). Information asymmetry between managers and shareholders also affects corporate risk-taking.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

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2024

Glob Bus Financ Rev

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of Malaysian economic activity may be mostly attributed to the substantial export revenues generated from agricultural commodities, namely palm oil and rubber. Agricultural disciplines, including biotechnology, agricultural sciences, and agribusiness, have garnered considerable interest among experts and scholars at local institutions. The industry is expected to maintain its crucial role in government efforts to alleviate poverty. It is anticipated that the industry will overcome the negative perception associated with rural poverty and

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Section: B Corporate Governance and Corporatesupporting

confidence: 93%

Section: Hypothesis Developmentmentioning

confidence: 99%

Untitled

2024

Glob Bus Financ Rev

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“…They found the relationship to be statistically insignificant for all sample companies but significant for financial sector companies. Furthermore, Yim (2021) indicated that individual blockholders reduced overall corporate risk and long-term risky investment. In a panel data analysis, Hoyt & Liebenberg (2011) reported a considerable and strong relationship between ERM implementation and firm added value.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The Effects of Enterprise Risk Management on the Performance and Risk of Vietnamese Listed Firms: Evidence from Abnormal Enterprise Risk Management Index

Hong

2023

Glob Bus Financ Rev

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Purpose: This paper examines the effects of Enterprise Risk Management (ERM), as measured by the Abnormal Enterprise Risk Management Index (ABERMI), on the performance and risk of Vietnamese listed firms. Design/methodology/approach: The paper employs a combination of three regression methods (Pooled Ordinary Least Squares, Fixed Effect Model and Random Effect Model) to test the effects of Enterprise Risk Managment on the performance and risk of Vietnamese listed firms in the period of 2010-2020. In addition, a two-stage re-gression model is used to calculate the ABERMI. Findings: The findings show that firms with effective enterprise risk management (ERM), as evidenced by their low abnormal enterprise risk management index, can enhance their business performance measured by Tobin's Q. Furthermore, good ERM helps firms reduce the risk of bankruptcy. However, the research proves that ERM is not associated with return on total assets and systematic risk. Research limitations/implications: Firm can employ Enterprise Risk Management (ERM) to efficiently and effec-tively manage risk. Additionally, applying a standard might further enhance the quality of risk management efforts by managers. Authorities can encourage the implementation of ERM to safeguard investor's wealth and indirectly protect the Vietnamese economy. Originality/value: Through a comprehensive analysis of various methodologies, this paper aims to uncover positive outcomes in exploring the impact of Enterprise Risk Management (ERM) on both risk and performance within the setting of Vietnamese listed firm.

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Individual Blockholders and Corporate Risk-Taking: Korean Evidence

Cited by 2 publications

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The Effects of Enterprise Risk Management on the Performance and Risk of Vietnamese Listed Firms: Evidence from Abnormal Enterprise Risk Management Index

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