Risk Management Board Effectiveness And Firm Value

Download Risk Management Board Effectiveness And Firm Value full books in PDF, epub, and Kindle. Read online Risk Management Board Effectiveness And Firm Value ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Risk Management, Board Effectiveness and Firm Value

Author : John Kommunuri
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis Risk Management, Board Effectiveness and Firm Value by : John Kommunuri

Download or read book Risk Management, Board Effectiveness and Firm Value written by John Kommunuri and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk management has become a significant part of firm management after the recent financial crisis. In this study we examine risk management at enterprise level (Enterprise Risk Management or ERM), the effectiveness of audit & risk committee and the relation of ERM implementation to firm performance and firm value for a sample of S&P/ASX200 companies. ERM is the focus of all strategic management efforts as it gives a long run competitive advantage to businesses. Prior studies show mixed evidence on the performance effects of ERM for companies. Though various committees (e.g. COSO) and corporate governance councils (e.g. ASXCG Council) recommend firms to adopt ERM, its implementation and resulting benefits are inadequate. Prior literature on corporate governance supports the view that stronger governance mechanisms are needed for an effective implementation of management strategies. Following this, we test the effectiveness of the board in risk management implementation. Here we test the audit and risk committee effectiveness of our sample firms, using independence, power, size, and expertise of directors in the committee and compliance level of firms as the core stimulating factors of effectiveness, and the influence of effective committees on firm performance and firm value. Though our results show negative impact of ERM on firm performance and firm value, for firms with effective audit and risk committees, ERM implementation has positive and significant outcome on firm performance and value. There is evidence that the firms have increased awareness of the benefits of effective risk management after the financial crisis period compared to the pre-crisis period. Our results present further evidence that for firms with effective committees, this positive impact on firm value is pronounced more in the period after the recent global financial crisis.

The Board of Directors

Author : Ettore Croci
Publisher : Springer
ISBN 13 : 3319966162
Total Pages : 158 pages
Book Rating : 4.3/5 (199 download)

DOWNLOAD NOW!

Book Synopsis The Board of Directors by : Ettore Croci

Download or read book The Board of Directors written by Ettore Croci and published by Springer. This book was released on 2018-12-04 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Boards of directors are a central feature of any corporate governance regime. The role of directors and how they affect firm value and policies is examined in depth in academic literature. However, it is easy to get both lost and overwhelmed when searching through the literature review that investigates several characteristics, often one at the time. This book provides a careful and concise look at corporate finance literature, specifically with regard to the board of directors, summarizing the main findings and reconciling them. This book documents the pros and cons associated with the various attributes of the board and the directors as found in the current literature and provides sections geared specifically to practitioners in this space, as well, allowing for a better and more comprehensive description of this important corporate governance mechanism. The resulting book aims to facilitate the interpretation of changes in corporate governance through the lens of the recent academic literature.

Risk Management and Corporate Governance

Author : Abol Jalilvand
Publisher : Routledge
ISBN 13 : 1136644911
Total Pages : 495 pages
Book Rating : 4.1/5 (366 download)

DOWNLOAD NOW!

Book Synopsis Risk Management and Corporate Governance by : Abol Jalilvand

Download or read book Risk Management and Corporate Governance written by Abol Jalilvand and published by Routledge. This book was released on 2013-05-13 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: The asymmetry of responsibilities between management and corporate governance both for day-to-day operations and the board’s monthly or quarterly review and evaluation remains an unresolved challenge. Expertise in the area of risk management is a fundamental requirement for effective corporate governance, if not by all, certainly by some board members. This means that along with board committees such as "compensation", "audit", "strategy" and several others, "risk management" committees must be established to monitor the likelihood of certain events that may cause the collapse of the firm. Risk Management and Corporate Governance allows academics and practitioners to assess the state of international research in risk management and corporate governance. The chapters overlay the areas of risk management and corporate governance on both financial and operating decisions of a firm while treating legal and political environments as externalities to decisions undertaken.

Boards That Lead

Author : Ram
Publisher : Harvard Business Review Press
ISBN 13 : 1422144070
Total Pages : 305 pages
Book Rating : 4.4/5 (221 download)

DOWNLOAD NOW!

Book Synopsis Boards That Lead by : Ram

Download or read book Boards That Lead written by Ram and published by Harvard Business Review Press. This book was released on 2013-11-19 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is your firm’s board creating value—or destroying it? Change is coming. Leadership at the top is being redefined as boards take a more active role in decisions that once belonged solely to the CEO. But for all the advantages of increased board engagement, it can create debilitating questions of authority and dangerous meddling in day-to-day operations. Directors need a new road map—for when to lead, when to partner, and when to stay out of the way. Boardroom veterans Ram Charan, Dennis Carey, and Michael Useem advocate this new governance model—a sharp departure from what has been demanded by governance activists, raters, and regulators—and reveal the emerging practices that are defining shared leadership of directors and executives. Based on personal interviews and the authors’ broad and deep experience working with executives and directors from dozens of the world’s largest firms, including Apple, Boeing, Ford, Infosys, and Lenovo, Boards That Lead tells the inside story behind the successes and pitfalls of this new leadership model and explains how to: • Define the central idea of the company • Ensure that the right CEO is in place and potential successors are identified • Recruit directors who add value • Root out board dysfunction • Select a board leader who deftly bridges the divide between management and the board • Set a high bar on ethics and risk With a total of eighteen checklists that will transform board directors from monitors to leaders, Charan, Carey, and Useem provide a smart and practical guide for businesspeople everywhere—whether they occupy the boardroom or the C-suite.

Corporate Governance and Organisational Performance

Author : Naeem Tabassum
Publisher : Springer Nature
ISBN 13 : 3030485277
Total Pages : 335 pages
Book Rating : 4.0/5 (34 download)

DOWNLOAD NOW!

Book Synopsis Corporate Governance and Organisational Performance by : Naeem Tabassum

Download or read book Corporate Governance and Organisational Performance written by Naeem Tabassum and published by Springer Nature. This book was released on 2020-06-28 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Establishing a corporate governance strategy that promotes the efficient use of organisational resources is instrumental in the economic growth of a country, as well as the successful management of firms. This book reviews existing literature and identifies board structural features as key variables of an effective corporate governance system, establishing a multi-theoretical model that links Board structural characteristics with firm performance. It then, using a comprehensive empirical study of 265 companies listed on the Karachi Stock exchange, tests this conceptual model. This research serves as a significant milestone, reflecting the socio-economic setting of emerging economies, and highlighting the need for the corporate sector in emerging markets to move away from a 'tick-box' culture. It argues that the sector needs to implement corporate governance as a tool to mitigate business risks; appoint and empower non-executive directors to achieve an effective monitoring of management; and establish their own ethical and governance principles, applicable to the Board of Directors. Based on an extensive data base, collected painstakingly over five years, this book offers new insights and conceptual framework for further research in this area. Given the breadth and width of the research, it is a useful source of future reference for students, researchers and policy makers.

Hedging, Corporate Governance and Firm Value

Author : Sardar M. N. Islam
Publisher :
ISBN 13 : 9781536120080
Total Pages : 222 pages
Book Rating : 4.1/5 (2 download)

DOWNLOAD NOW!

Book Synopsis Hedging, Corporate Governance and Firm Value by : Sardar M. N. Islam

Download or read book Hedging, Corporate Governance and Firm Value written by Sardar M. N. Islam and published by . This book was released on 2017 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acknowledgements -- Emerging issues in the risk management, corporate governance and firm value relationships -- Risk management, corporate governance, accounting information : issues and theories -- Econometrics models for hedging, corporate governance and firm value -- Analysis of the hedging, corporate governance and firm value relationships -- Theoretical implications -- Corporate governance, risk management and accounting policy implications -- Summary, general findings and conclusions for strategies -- References -- Appendices -- Index

Corporate Boards That Create Value

Author : John Carver
Publisher : John Wiley & Sons
ISBN 13 : 0787964247
Total Pages : 231 pages
Book Rating : 4.7/5 (879 download)

DOWNLOAD NOW!

Book Synopsis Corporate Boards That Create Value by : John Carver

Download or read book Corporate Boards That Create Value written by John Carver and published by John Wiley & Sons. This book was released on 2002-10-10 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies John Carver's highly successful Policy Governance model to corporate boards. Carver and boardroom consultant Caroline Oliver explain the world's only conceptually coherent operating system for boards. This simple yet profound system clarifies roles, empowers directors and senior management alike, and makes accountability feasible to a previously unattainable degree. The authors suggest a redefinition and elevation of the value that boards should create and show how to apply the Policy Governance design to commanding company performance. Corporate Boards That Create Value gives corporate directors and all who care about governance a powerful tool for success.

High Performance Boards

Author : Didier Cossin
Publisher : John Wiley & Sons
ISBN 13 : 1119615658
Total Pages : 358 pages
Book Rating : 4.1/5 (196 download)

DOWNLOAD NOW!

Book Synopsis High Performance Boards by : Didier Cossin

Download or read book High Performance Boards written by Didier Cossin and published by John Wiley & Sons. This book was released on 2020-06-22 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to transforming boards and achieving best-practice governance in any organisation. When practising good governance, the board is the vital driver of organizational success, while fostering positive social impact and economic value creation. At all levels, executives around the world are faced with complexities rising from disruptive business models, new technologies, socio-economic changes, shifting political circumstances, and an array of other sources. High Performance Boards is the comprehensive manual for attaining best-in-class governance, offering pragmatic guidance on improving board quality, accountability, and performance. This authoritative volume identifies the four dimensions, or pillars, which are crucial for establishing and maintaining best-practice boards: the people involved, the information architecture, the structures and processes, and the group dynamics and culture of governance. This methodology can be applied to any board in the world, corporate or non-profit organization, regardless of size, sector, industry, or context. Readers are introduced to a fictitious senior board member – an amalgamation of board members from well-known organisations – and follow her as she successfully handles real-life challenges with effective governance. Drawn from the author's 20 years of practice and confidential work with boards across the world, this book: Demonstrates how high-performance boards innovate and refine their practices Discusses examples of board failures and challenges, including case studies from both for-profit and non-profit organisations including international organizations and state-owned agencies or even ministries Provides a proven framework to create best-in-class governance Includes a companion website featuring tools for board assessment and board practice High Performance Boards has inspired more than 3000 board members around the world. This book is essential reading for professionals and managers interested in governance and board members, senior managers, investors, lawyers, and students of governance.

Risk Management and Value Creation in Financial Institutions

Author : Gerhard Schroeck
Publisher : John Wiley & Sons
ISBN 13 : 0471429740
Total Pages : 354 pages
Book Rating : 4.4/5 (714 download)

DOWNLOAD NOW!

Book Synopsis Risk Management and Value Creation in Financial Institutions by : Gerhard Schroeck

Download or read book Risk Management and Value Creation in Financial Institutions written by Gerhard Schroeck and published by John Wiley & Sons. This book was released on 2002-10-01 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the links between risk management and value creation Risk Management and Value Creation in Financial Institutions explores a variety of methods that can be utilized to create economic value at financial institutions. This invaluable resource shows how banks can use risk management to create value for shareholders, addresses the advantages of risk-adjusted return on capital (RAROC) measures, and develops the foundations for a model to identify comparative advantages that emerge as a result of risk-management decisions. It is the only book needed for banking executives interested in the relationship between risk management and value creation.

Corporate Governance and Contingency Theory

Author : Abdul Ghofar
Publisher : Springer
ISBN 13 : 3319109960
Total Pages : 188 pages
Book Rating : 4.3/5 (191 download)

DOWNLOAD NOW!

Book Synopsis Corporate Governance and Contingency Theory by : Abdul Ghofar

Download or read book Corporate Governance and Contingency Theory written by Abdul Ghofar and published by Springer. This book was released on 2014-11-19 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the determinants and effectiveness of corporate governance in an integrated model drawing on contingency theory and employing structural equation modeling (SEM). Business competition as an environmental factor and strategy as an organizational factor are important determinants of corporate governance, while organizational performance and earnings quality are two dimensions of its effectiveness. This book focuses on the relationship between corporate governance and earnings management, and shows that corporate governance is effective in improving earnings quality and reducing accounting and governance risks. The authors also question the relation between corporate governance and company performance and present results of their analysis in this book.

Report of the Committee on the Financial Aspects of Corporate Governance

Author : Committee on the Financial Aspects of Corporate Governance
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!

Book Synopsis Report of the Committee on the Financial Aspects of Corporate Governance by : Committee on the Financial Aspects of Corporate Governance

Download or read book Report of the Committee on the Financial Aspects of Corporate Governance written by Committee on the Financial Aspects of Corporate Governance and published by . This book was released on 1992 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Risk Management

Author : Georges Dionne
Publisher : John Wiley & Sons
ISBN 13 : 1119583128
Total Pages : 416 pages
Book Rating : 4.1/5 (195 download)

DOWNLOAD NOW!

Book Synopsis Corporate Risk Management by : Georges Dionne

Download or read book Corporate Risk Management written by Georges Dionne and published by John Wiley & Sons. This book was released on 2019-04-30 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated review of the theories and applications of corporate risk management After the financial crisis of 2008, issues concerning corporate risk management arose that demand new levels of oversight. Corporate Risk Management is an important guide to the topic that puts the focus on the corporate finance dimension of risk management. The author—a noted expert on the topic—presents several theoretical models appropriate for various industries and empirically verifies theoretical propositions. The book also proposes statistical modeling that can evaluate the importance of different risks and their variations according to economic cycles. The book provides an analysis of default, liquidity, and operational risks as well as the failures of LTCM, ENRON, and financial institutions that occurred during the financial crisis. The author also explores Conditional Value at Risk (CVaR), which is central to the debate on the measurement of market risk under Basel III. This important book: Includes a comprehensive review of the aspects of corporate risk management Presents statistical modeling that addresses recent risk management issues Contains an analysis of risk management failures that lead to the 2008 financial crisis Offers a must-have resource from author Georges Dionne the former editor of The Journal of Risk and Insurance Corporate Risk Management provides a modern empirical analysis of corporate risk management across industries. It is designed for use by risk management professionals, academics, and graduate students.

International Risk Management

Author : Margaret Woods
Publisher : CIMA Publishing
ISBN 13 : 0750685654
Total Pages : 212 pages
Book Rating : 4.7/5 (56 download)

DOWNLOAD NOW!

Book Synopsis International Risk Management by : Margaret Woods

Download or read book International Risk Management written by Margaret Woods and published by CIMA Publishing. This book was released on 2008 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is very practical in its international usefulness (because current risk practice and understanding is not equal across international boundaries). For example, an accountant in Belgium would want to know what the governance regulations are in that country and what the risk issues are that he/she needs to be aware of. This book covers the international aspect of risk management systems, risk and governance, and risk and accounting. In doing so the book covers topics such as: internal control and corporate governance; risk management systems; integrating risk into performance management systems; risk and audit; governance structures; risk management of pensions; pension scheme risks e.g. hedging derivatives, longevity bonds etc; risk reporting; and the role of the accountant in risk management. There are the case studies through out the book which illustrate by way of concrete practical examples the major themes contained in the book. The book includes highly topical areas such as the Sarbanes Oxley Act and pension risk management. * provides a cross European perspective (because current practice and understanding is not equal across international boundaries) on the key issues of risk management, internal control and governance * covers the implications of Sarbanes Oxley Act for European companies and the associated risks * explains what the current risk reporting practices are and what the analysts are really looking for * looks at the key issues you need to address in order to manage your company's pension risk

The SAGE Handbook of Corporate Governance

Author : Thomas Clarke
Publisher : SAGE
ISBN 13 : 1473971829
Total Pages : 682 pages
Book Rating : 4.4/5 (739 download)

DOWNLOAD NOW!

Book Synopsis The SAGE Handbook of Corporate Governance by : Thomas Clarke

Download or read book The SAGE Handbook of Corporate Governance written by Thomas Clarke and published by SAGE. This book was released on 2012-04-20 with total page 682 pages. Available in PDF, EPUB and Kindle. Book excerpt: The urgent and sustained interest in corporate governance is unprecedented, with the connections between corporate governance and economic performance being emphasized by the World Bank, the IMF and others in the global economic community. In this timely and definitive intellectual analysis of a key discipline, The SAGE Handbook of Corporate Governance offers a critical overview of the key themes, theoretical controversies, current research and emerging concepts that frame the field. Consisting of original substantive chapters by leading international scholars, and examining corporate governance from an inter-disciplinary basis, the text highlights how governance issues are critical to the formation, growth, financing, structural development, and strategic direction of companies and how corporate governance institutions in turn influence the innovation and development of industrial and economic systems globally. Comprehensive, authoritative and presented in a highly-accessible framework, this Handbook is a significant resource to those with an interest in understanding this important emerging field.

Enterprise Risk Management, Board Demographics, and Firm Performance

Author : Xiaohong Fan (Ph.D.)
Publisher :
ISBN 13 :
Total Pages : 217 pages
Book Rating : 4.:/5 (132 download)

DOWNLOAD NOW!

Book Synopsis Enterprise Risk Management, Board Demographics, and Firm Performance by : Xiaohong Fan (Ph.D.)

Download or read book Enterprise Risk Management, Board Demographics, and Firm Performance written by Xiaohong Fan (Ph.D.) and published by . This book was released on 2019 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a holistic process and a top-down initiative, Enterprise Risk Management (ERM) is the most recent development of risk management. Companies have gradually started to implement ERM, especially financial firms and institutions. However, the majority of firms have not started the process of ERM adoption. Inadequate resources, ambiguous potential value, and insufficient ERM leadership are frequently cited reasons for not implementing ERM. This study will address these three concerns by examining determinants and financial benefits of ERM. Instead of focusing on financial characteristics, this study considers the influence of board of directors' demographic traits effects and demographic diversity effects with the support of upper echelon theory and group think theory. The results suggest that a board with a higher average age, more female directors, higher percentage of financial experts, and a higher number of concurrent directorships tends to favor ERM. The propensity of ERM implementation is lower in firms where expertise of directors is more heterogeneous. This study fails to find supporting evidence for ERM value creation or profitability enhancement. This study finds that percentage of female directors, number of directorships, percentage of directors with accounting expertise, and percentage of directors with financial expertise positively moderate the relationship between ERM implementation and firm value/performance, while average board tenure, age diversity, and expertise diversity act as negative moderators.

Evaluating Board Performance

Author : Australian Institute of Company Directors
Publisher : AICD
ISBN 13 : 1876604697
Total Pages : 79 pages
Book Rating : 4.8/5 (766 download)

DOWNLOAD NOW!

Book Synopsis Evaluating Board Performance by : Australian Institute of Company Directors

Download or read book Evaluating Board Performance written by Australian Institute of Company Directors and published by AICD. This book was released on 2006 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide has been developed to assist chairmen and directors who wish to initiate or review their own board evaluation process. It captures insights from experienced directors who have been involved in board evaluations, and highlights benefits that have been derived and some pitfalls to avoid.

Corporate Governance and Risk

Author : John C. Shaw
Publisher : John Wiley & Sons
ISBN 13 : 047148122X
Total Pages : 238 pages
Book Rating : 4.4/5 (714 download)

DOWNLOAD NOW!

Book Synopsis Corporate Governance and Risk by : John C. Shaw

Download or read book Corporate Governance and Risk written by John C. Shaw and published by John Wiley & Sons. This book was released on 2004-03-31 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-making and corporate governance have always been important functions in a company, but never more so than in the current post-Enron/Andersen business environment. This book acts as a framework for corporate officers and senior-level executives who need to redesign their own decision-making, risk, and governance processes. The approaches have been successfully proven in a number of leading companies, whose case studies are included in the book. Offers up to date coverage of an increasingly important topic, citing a proven approach that draws from leading companies and provides a composite of what not to do based on companies like Anderson and Enron. Author very active in conference circles, addressing thousands in industry events.