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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 |
| Web of Science® Times Cited: | 3 |
| Deposited By: | TSBE |
| Deposited On: | 2020-10-19 |
| Last Modified: | 2021-04-22 |
| Downloads: | 2 View Download Statistics |
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