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Risk management committees and firm performance

Citation

Jia, J and Bradbury, ME, Risk management committees and firm performance, Australian Journal of Management pp. 1-20. ISSN 0312-8962 (2020) [Refereed Article]

Copyright Statement

Copyright 2020 The Authors

DOI: doi:10.1177/0312896220959124

Abstract

Risk management committees (RMCs) are recognised as a key corporate governance mechanism for controlling corporate risk. We examine the performance of RMCs in Australia over the period 20072014. We identify three performance measures related to the function of the RMC: the probability of financial distress, growth options (market to book) and return on assets. We find that firms with an RMC perform better than other firms. We also find that firms with a separately constituted RMC perform better, relative to firms where the risk management activities are absorbed into an existing committee.

Item Details

Item Type:Refereed Article
Keywords:risk management committees, corporate governance, firm performance, global financial crisis, comply or explain
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:141496
Year Published:2020
Web of Science® Times Cited:2
Deposited By:TSBE
Deposited On:2020-10-26
Last Modified:2020-11-18
Downloads:0

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