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Complying with best practice risk management committee guidance and performance

Citation

Jia, J and Bradbury, ME, Complying with best practice risk management committee guidance and performance, Journal of Contemporary Accounting and Economics, 16, (3) pp. 1-12. ISSN 1815-5669 (2020) [Refereed Article]

Copyright Statement

Copyright 2020 Elsevier Ltd. All rights reserved.

DOI: doi:10.1016/j.jcae.2020.100225

Abstract

This study examines the relationship between ‘best practice’ risk management committee and firm performance in an environment where the existence and composition of risk management committees are purely voluntary. Based on a sample of 368 Australian listed firms over 2007–2014, we find firms that voluntarily adopted the ‘best practice’ risk management committee perform better than other firms. In addition, our result shows that among the four ‘best practice’ risk management committee characteristics (independence of risk management committee chairman, independence of risk management committee members, risk management committee size and risk management committee human capital), risk management committee human capital plays important role in increasing firm performance.

Item Details

Item Type:Refereed Article
Keywords:best practice guidance, risk management committee, performance, human capital
Research Division:Commerce, Management, Tourism and Services
Research Group:Strategy, management and organisational behaviour
Research Field:Corporate governance
Objective Division:Commercial Services and Tourism
Objective Group:Financial services
Objective Field:Finance services
UTAS Author:Jia, J (Dr Jing Jia)
ID Code:141421
Year Published:2020
Deposited By:TSBE
Deposited On:2020-10-19
Last Modified:2020-12-18
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