مقاله انگلیسی رایگان در مورد مدیریت ریسک سازمانی و عملکرد شرکت – الزویر ۲۰۲۰

elsevier

 

مشخصات مقاله
ترجمه عنوان مقاله مدیریت ریسک سازمانی و عملکرد شرکت: نقش کمیته ریسک
عنوان انگلیسی مقاله Enterprise risk management and firm performance: Role of the risk committee
انتشار مقاله سال ۲۰۲۰
تعداد صفحات مقاله انگلیسی ۲۲ صفحه
هزینه دانلود مقاله انگلیسی رایگان میباشد.
پایگاه داده نشریه الزویر
نوع نگارش مقاله
مقاله پژوهشی (Research Article)
مقاله بیس این مقاله بیس میباشد
نمایه (index) Scopus – Master Journals List – JCR
نوع مقاله ISI
فرمت مقاله انگلیسی  PDF
ایمپکت فاکتور(IF)
۱٫۱۸۴ در سال ۲۰۱۹
شاخص H_index ۱۵ در سال ۲۰۲۰
شاخص SJR ۰٫۵۲۷ در سال ۲۰۱۹
شناسه ISSN ۱۸۱۵-۵۶۶۹
شاخص Quartile (چارک) Q2 در سال ۲۰۱۹
مدل مفهومی ندارد
پرسشنامه ندارد
متغیر دارد
رفرنس دارد
رشته های مرتبط مدیریت
گرایش های مرتبط مدیریت عملکرد، مدیریت کسب و کار، مدیریت اجرایی، مهندسی مالی و ریسک
نوع ارائه مقاله
ژورنال
مجله  مجله حسابداری و اقتصاد معاصر – Journal Of Contemporary Accounting & Economics
دانشگاه Accounting and Finance Department, UWA Business School, The University of Western Australia, 35 Stirling Hwy, Crawley, WA 6009, Australia
کلمات کلیدی مدیریت ریسک سازمانی، کمیته ریسک، حاکمیت ریسک، عملکرد شرکت
کلمات کلیدی انگلیسی Enterprise risk management، Risk committee، Risk governance، Firm performance
شناسه دیجیتال – doi
https://doi.org/10.1016/j.jcae.2019.100178
کد محصول E14288
وضعیت ترجمه مقاله  ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید.
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فهرست مطالب مقاله:
Abstract

۱- Introduction

۲- Background

۳- Hypotheses development

۴- Methods

۵- Results

۶- Discussion and conclusion

References

بخشی از متن مقاله:

Abstract

In recent years, there have been increasing efforts in the corporate world to invest in risk management and governance processes. In this paper, we examine the impact of Enterprise Risk Management (ERM) on firm performance by examining whether firm performance is strengthened or weakened by the establishment of a board-level risk committee (BLRC), an important governance mechanism that oversees ERM processes. Based on 260 observations from FTSE350 listed firms in the UK during 2012–۲۰۱۵, we find the effectiveness of ERM significantly and positively affects firm performance. We also find strong BLRC governance complements this relationship and increases the firm performance effects of ERM. Our findings suggest the mere formation of a BLRC is not a panacea for ERM oversight; however, existence of a structurally strong BLRC is crucial for effective ERM governance.

Introduction

Recent events, including the corporate downfalls of the early 2000s and the Global Financial Crisis (GFC)1 of 2007–۰۹, have led to increased international regulatory efforts to enhance risk management (RM) practices. In the UK, the Walker Report (2009) and guidelines from the Financial Reporting Council (FRC, 2011, 2014a,b) suggest listed firms should adhere to sophisticated RM practices, including the creation of a holistic RM framework and greater involvement from boards of directors in risk governance. An increasing number of UK listed firms now adhere to these recommendations, which focus on the establishment of an Enterprise Risk Management (ERM)2 process and the establishment of a board-level risk committee (BLRC)3 to enhance the board’s risk oversight function. This paper contributes to the literature on ERM by examining the impact of ERM on UK firm performance, particularly whether this relationship is strengthened or weakened by the adoption of a BLRC. To date, research investigating the roles and outcomes of a BLRC is scarce. This study focuses on evidence from UK listed firms to provide key insights into this emerging issue. Our study, motivated by key corporate governance guidelines, considers the impact of ERM process adoption (including the structural strength of BLRC) on firm performance in UK FTSE350 firms. We apply Tobin’s Q as our firm performance measure based on prior research (Baxter et al., 2013; Farrell and Gallagher, 2015; Hoyt and Liebenberg, 2011; Lin et al., 2012; McShane et al., 2011) and adopt the Gordon et al. (2009) ERM index as a composite measure of the effectiveness of ERM processes. Previous studies measure the presence of ERM activity using a binary variable (Hoyt and Liebenberg, 2011; Lechner and Gatzert, 2018; Lin et al., 2012; Pagach and Warr, 2010). In contrast, the Gordon et al. (2009) index reflects the presence of an ERM function in a firm and measures the effectiveness of ERM processes regarding business strategy, operations, reporting, and compliance (COSO, 2004). BLRC structural strength is measured using six dimensions related to its structure and composition, drawing on risk governance guidelines and prior research on the effectiveness/efficacy of board-level committees with a similar monitoring role to the BLRC (Goodwin and Seow, 2002; Xie et al., 2003; Zaman et al., 2011).

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