Risk management committee and risk management disclosure: evidence from Australia

Jia, Jing; Li, Zhongtian; Munro, Lois

doi:10.1108/par-11-2018-0097

Cited by 28 publications

(77 citation statements)

References 55 publications

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“…This result is supported by the previous studies (Abdullah & Chen 2010;Al-Hadi et al 2016;Arowolo et al 2017;Jia et al 2019). These studies asserted that the risk management committee increases the level of risk disclosure and plays a role in improving the disclosure because such committees independently and regularly undertake prudent audits and assessments of relevant risks.…”

Section: Results Of Multiple Regression Effectiveness Of Risk Management Committeesupporting

confidence: 71%

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Voluntary Risk Disclosures of Islamic Financial Institutions: The Role of AAOIFI Standards Implementation

2021

AJAG

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The implementation of the Accounting and Auditing Organization for Islamic Financial Institutions standards (AAOIFI) can improve the risk disclosure practices of Islamic financial institutions (IFIs) that eventually will reduce information asymmetry and improve the legitimacy. However, its role in the presence of Risk Management Committee (RMC) and Sharia Supervisory Board (SSB) with voluntary risk disclosure (VRD) has not been investigated before. Therefore, this study investigates the role of AAOIFI standards implementation on the relationship between RMC and SSB effectiveness with VRD. The sample consists of 167 firm-year observations of IFIs listed on Saudi Arabian Stock Exchange (TADAWUL) from 2013 to 2017. Data of the study are collected from IFIs annual reports. Agency and signalling theories explain the effect of RMC and SSB on VRD. Additionally, legitimacy theory predicts the moderating role of AAOIFI standards. The results show that the effectiveness of RMC and SSB have a positive effect on the level of VRD. However, the AAOIFI standards implementation does not strengthen the relationship between RMC and SSB effectiveness with the level of VRD. This insignificant finding could be due to the non-mandatory nature of AAOIFI standards implementation in Saudi Arabia. The results of the study enhance the current understanding of the importance of effective RMC and SSB to improve the risk reporting that can reduce information asymmetry and strengthen legitimacy amongst IFIs. The findings are also useful to regulatory bodies and policymakers to develop the policies and regulations that could influence the disclosure and transparent reporting by listed companies.

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Section: Results Of Multiple Regression Effectiveness Of Risk Management Committeesupporting

confidence: 71%

“…Past studies also show a positive relationship between RMC and risk management disclosure in Australia (Jia et al 2019). The presence of stand-alone RMC, size of RMC, and human capital of RMC are found useful in assessing the level of risk management disclosure.…”

Section: Rmc Effectiveness and Voluntary Risk Disclosuresmentioning

confidence: 84%

Voluntary Risk Disclosures of Islamic Financial Institutions: The Role of AAOIFI Standards Implementation

2021

AJAG

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“…Topics around investments, risk, and return are also topics that are not just of concern to Abacus , but form part of a wider debate around investment choices and associated risks. Recent years have seen a heightened attention to stock market volatility and concerns around stock market crashes (e.g., Abedifar et al ., 2019; Chowdhury et al ., forthcoming; Habib et al ., 2018; Jin et al ., 2019; Kim et al ., 2019; Lin et al ., forthcoming; Park et al ., 2019; Wang et al ., forthcoming), as well as enterprise risks management more broadly (e.g.. Ardiana et al ., 2019; Gong and Subramaniam, 2020; Jia, 2019; Jia and Bradbury, 2020, forthcoming; Jia and Munro, 2019; Johnston and Soileau, 2020; Malik et al ., 2020). As evident from the broader literature within the field, there is also a strong focus on environmental and social risks and the role of corporate social responsibility (CSR) as well as environmental, social and governance (ESG) factors to mitigate those risks, with the view that companies need to respond to changed environmental risks (e.g., Daugaard, 2020; Jagoda and Wojcik, 2019; Li et al ., 2019, Li et al ., 2020; Lin et al ., 2019; Luo and Tang, forthcoming; Shafer and Szado, forthcoming).…”

Section: Resultsmentioning

confidence: 99%

55 years of Abacus: Evolution of Research Streams and Future Research Directions

Belloque

Linnenluecke

Marrone

et al. 2021

Abacus

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This article offers a systematic literature review and a bibliometric analysis of articles published over the history of the journal Abacus and marks its 55th anniversary. The article draws on the latest available bibliometric tools to provide a citation map, burstiness analysis, and further visualization using R Bibliometrix, highlighting highly cited articles and their interrelations across different research streams, as well as trending (or ‘hot’) topics over the journal's history. We offer reflections on the journal's past and discuss emerging future research directions.

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“…Another variable, the existence of the Risk Management Committee (RMC) also has no significant aftereffect on ERM implementation. The possible reason behind this is that even though the RMC purpose is to enhance the assessment and supervision of risks, and later on, to provide encouragement to carry out the risk disclosures, they might not have fully eliminated the information asymmetry regarding the risk (Jia et al, 2019).…”

Section: Do Corporate and Sharia Compliance Governance Affect Enterprmentioning

confidence: 99%

Do corporate and Sharia compliance governance affect enterprise risk management implementation?

Adelina¹,

Trilaksono²,

Rohi-Mone³

2020

Jurnal Keuangan Dan Perbankan

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The growth of Sharia banking assets in Indonesia greatly influenced by the scalability of Sharia banking businesses, which is supported by an increase in good corporate governance. The banking industry in general functions very closely with risk. This means that banks acutely need a risk-based management approach that is now being developed by the regulator with an integrated approach through Enterprise Risk Management (ERM). Other specific aspects of governance in Sharia banking include governance for compliance with Sharia aspects (Sharia compliance governance). The method used in this study is multiple regression analysis. We intended to examine the influence of general and Sharia governance mechanisms that exist in Indonesian Sharia banking with the level of ERM implementation. We indicated that the presence of the risk management committee, independent audit committee, and Sharia compliance audits positively and significantly affect ERM implementation. This study expected to be beneficial especially to provide input on governance policies for both banks and regulators. AbstrakPertumbuhan aset perbankan syariah di Indonesia sangat dipengaruhi oleh skalabilitas bisnis perbankan syariah, yang didukung oleh peningkatan tata kelola perusahaan yang baik. Industri perbankan pada umumnya berfungsi sangat erat dengan risiko. Ini berarti bahwa bank sangat membutuhkan pendekatan manajemen berbasis risiko yang sekarang sedang dikembangkan oleh regulator dengan pendekatan terintegrasi melalui Enterprise Risk Management (ERM).Aspek spesifik lain dari tata kelola dalam perbankan syariah termasuk tata kelola untuk kepatuhan dengan aspek syariah (tata kelola kepatuhan syariah). Metode yang digunakan dalam penelitian ini adalah analisis regresi berganda. Kami bermaksud menguji pengaruh mekanisme tata kelola umum dan syariah yang ada di perbankan syariah Indonesia dengan tingkat implementasi ERM. Kami menunjukkan bahwa kehadiran komite manajemen risiko, komite audit independen, dan audit kepatuhan syariah secara positif dan signifikan mempengaruhi implementasi ERM. Studi ini diharapkan bermanfaat terutama untuk memberikan masukan tentang kebijakan tata kelola untuk bank dan regulator.

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Risk management committee and risk management disclosure: evidence from Australia

Cited by 28 publications

References 55 publications

Voluntary Risk Disclosures of Islamic Financial Institutions: The Role of AAOIFI Standards Implementation

Voluntary Risk Disclosures of Islamic Financial Institutions: The Role of AAOIFI Standards Implementation

55 years of Abacus: Evolution of Research Streams and Future Research Directions

Do corporate and Sharia compliance governance affect enterprise risk management implementation?

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