1. Risk Management in Corporate Governance Framework
- Author
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Kyoung-Bae Kim, Jinsoo Hwang, Muhammad Zia Ul Haq, Muhammad Ramzan, and Hania Rehman
- Subjects
media_common.quotation_subject ,Geography, Planning and Development ,corporate governance ,Principal–agent problem ,TJ807-830 ,Accounting ,Management, Monitoring, Policy and Law ,TD194-195 ,risk management ,Renewable energy sources ,Scarcity ,financial performance ,0502 economics and business ,GE1-350 ,agency theory ,mediation ,050207 economics ,Emerging markets ,Risk management ,media_common ,050208 finance ,Financial performance ,Environmental effects of industries and plants ,Foreign ownership ,Renewable Energy, Sustainability and the Environment ,business.industry ,Corporate governance ,05 social sciences ,Environmental sciences ,Mediation ,business - Abstract
There is a scarcity of literature involving studies about the effect of risk management on the relationship between corporate governance and a firm’s financial performance, especially in emerging markets. The study fills this gap and adds to the existing literature by investigating whether risk management acts as a mediator between corporate governance and the firm’s financial performance. This study found that risk management partially mediates the relationship between board size and financial performance. Our results further indicate that risk management acts as a partial mediator between foreign ownership and financial performance.
- Published
- 2021
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