Risk committee, corporate risk-taking and firm value

Bhuiyan, Md. Borhan Uddin; Cheema, Muhammad A.; Man, Yimei

doi:10.1108/mf-07-2019-0322

Cited by 34 publications

(38 citation statements)

References 63 publications

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“…The risk committee is responsible for providing recommendations relating to optimal risk strategies as well as overseeing the “risk management framework” implementation. Some prior studies also found that a risk committee existence can reduce bank risk ( Aljughaiman and Salama, 2019 ; Bhuiyan et al., 2020 ). Therefore, we expect the risk committee to be able to enhance bank risk management effectiveness and propose the sixth hypothesis as follows:…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 91%

The impact of risk governance structure on bank risk management effectiveness: evidence from ASEAN countries

Nguyen

Dang

2022

Heliyon

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 91%

The impact of risk governance structure on bank risk management effectiveness: evidence from ASEAN countries

Nguyen

Dang

2022

Heliyon

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“…Jumreornvong et al (2019) concluded that increasing centralized ownership further reduces its risk-taking. Bhuiyan et al (2020) found that companies with an independent risk committee were less risktaking than companies with an audit and risk committee. Bucciol et al (2020) concluded a positive and significant relationship between emotional intelligence and risk-taking.…”

Section: The Relationship Between Narcissism Of Managers and Corporate Risk-takingmentioning

confidence: 99%

The relationship between managers' narcissism and overconfidence on corporate risk-taking

Salehi

Naeini

Rouhi

2020

TQM

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PurposeThe primary purpose is to investigate the relationship between narcissism and managers' overconfidence in listed companies' risk-taking.Design/methodology/approachIn this study, two criteria of signature and reward are used to measure manager's narcissism; manager's overconfidence, using multiple regression models and finally to measure companies' risk-taking by using companies' monthly returns. Multiple regression is employed to test the model using a sample of 890 firm-year participation on the Tehran Stock Exchange from 2012 to 2017 with panel data and model with fixed effects.FindingsThe findings indicate that the CEO's narcissism and the board of directors positively and significantly affect corporate risk-taking. Also, managers' overconfidence has a positive and significant relationship with corporate risk-taking.Originality/valueThe results of this study identified other factors affecting companies' risk-taking. This study also contributed to the development of the literature on narcissism, overconfidence and corporate risk-taking.

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“…Komite risiko yang berdiri sendiri dan terpisah dari komite audit juga mampu meningkatkan tata kelola perusahaan yang baik. Dengan berkurangnya pengambilan risiko oleh manajemen perusahaan, kejahatan keuangan pun berkurang (Bhuiyan et al, 2020). Variabel komite risiko yang berdiri sendiri menggunakan variabel dummy dimana perusahaan dikategorikan menjadi dua yaitu ada atau tidaknya komite risiko yang berdiri sendiri.…”

Section: Komite Risiko Yang Berdiri Sendiriunclassified

Efektivitas Komite dan Mekanisme Tata Kelola Perusahaan terhadap Pencegahan Kejahatan Keuangan

Alice

Christian

2022

Owner

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The research objectives of this study are to analyze the effectiveness of committee and mechanism of corporate governance to prevent financial crime. Financial Crime often occur inside the company, especially in Indonesia. Financial crime covers fraud, money laundering, bribe, corruption, terrorist financing and so on. At 2018, there’s case where PT. Garuda Indonesia committed revenue recognition fraud by recognizing revenue amounted to USD 239 million from Mahata Aero Teknologi which is yet to be received by the end of 2018. The company’s management and external audit are fined for the negligent in preventing the fraud. Therefore, the effectiveness of company’s organizational structure played a big role to supervise and prevent the occurrence of financial crimes. In this discussion, the author investigates the effectiveness of audit committee, board of commissioners, stand-alone risk committee, external audit, effect of managerial ownership and company’s performance toward financial crime. Data for the research were collected from secondary data found in annual report of 426 companies and analyzed using logistic regression method using SPSS 25. The study findings prove that stand-alone risk committee, external audit, and company’s performance have a significant negative effect toward financial crime, while size of audit committee have a significant positive effect toward financial crime. Research show that meeting frequency of audit committee, board of commissioners, and managerial ownership has no significant effect toward financial crime

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Risk committee, corporate risk-taking and firm value

Cited by 34 publications

References 63 publications

The impact of risk governance structure on bank risk management effectiveness: evidence from ASEAN countries

The impact of risk governance structure on bank risk management effectiveness: evidence from ASEAN countries

The relationship between managers' narcissism and overconfidence on corporate risk-taking

Efektivitas Komite dan Mekanisme Tata Kelola Perusahaan terhadap Pencegahan Kejahatan Keuangan

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