Risk management, corporate governance and management accounting: Emerging interdependencies

Bhimani, Alnoor

doi:10.1016/j.mar.2008.11.002

Cited by 152 publications

(122 citation statements)

References 15 publications

(11 reference statements)

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“…Somewhat surprisingly most papers in MAR have been socially rather than technically oriented. Bhimani (2009) claims that to make risk management concepts actionable they need interpreting in technical, analytical and calculable terms. This resonates with Collier and Berry's (2002) observation that the incorporation of risk in budgeting was socially constructed and there was little evidence of risk modelling or the use of probabilities.…”

Section: Post-structural Constructivist and Critical Contributionsmentioning

confidence: 99%

Has Management Accounting Research been critical?

Hopper

Bui

2016

Management Accounting Research

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Section: Post-structural Constructivist and Critical Contributionsmentioning

confidence: 99%

Has Management Accounting Research been critical?

Hopper

Bui

2016

Management Accounting Research

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“…This development is not only caused by the increased multi-level pressure from various external and internal corporate stakeholders, including regulators and investors (Berger & Gleibner, 2006;, but is also due to the apparent strategic implications for maintaining long-term sustainable corporate operations (Abraham & Cox, 2007;Bhimani, 2009). 1 In fact, as risk disclosure involves substantial costs relating to litigation, copyrights, competition, regulation and taxation (Lajili & Zeghal, 2005;Greco, 2012), it has been argued that in the absence of potential direct and indirect benefits rational managers will not voluntarily engage in CRD (Beretta & Bozzolan, 2004;Lopes & Rodrigues, 2007).…”

Section: Introductionmentioning

confidence: 99%

Corporate governance and risk reporting in South Africa: A study of corporate risk disclosures in the pre- and post-2007/2008 global financial crisis periods

Ntim

Lindop

Thomas

2013

International Review of Financial Analysis

328

571

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The 2007/2008 global financial crisis has reignited the debate regarding the need for effective corporate governance (CG) through sound risk management and reporting practices. This paper, therefore, examines the crucial question of whether the quality of firm-level CG has any effect on the quality and extent of corporate risk disclosures (CRD) in South Africa (SA) with particular focus on the pre-and post-2007/2008 global financial crisis period. Using one of the largest datasets to-date on CG and CRD, from 2002 to 2011, and distinctively drawing on a multiple theoretical perspective, we find that CRD are largely 'non-financial', 'historical', 'good news' and 'qualitative' in nature over the ten-year period investigated. We also find that block ownership and institutional ownership are negatively associated with the extent of CRD, whilst board diversity, board size and independent nonexecutive directors are positively related to the extent of CRD. By contrast, dual board leadership structure has no significant connection with the extent of CRD. Our results are robust across a raft of econometric models that adequately address different types of endogeneity problems, as well as alternative CG and CRD proxies. Our findings are largely consistent with the predictions of our multitheoretical framework that incorporates insights from agency, legitimacy, institutional, resourcedependence, and stakeholder theories.

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“…In particular, despite the fact that all businesses are forced to communicate their strategic intentions about risk and efforts necessary to increase business efficiency and effectiveness, only some authors (Busco et al, 2005(Busco et al, , 2007Collier and Berry, 2002;Kaplan, 2009, Kaplan and Mikes, 2011a, 2011b, 2012 have paid attention on how planning and control systems should evolve through the integration with those of enterprise risk management (ERM) and corporate governance (CG) in the creation of the new management accountant's role (Bhimani, 2009), underlying the requirements for the integration itself.…”

Section: Introductionmentioning

confidence: 99%