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Risk management committees and firm performance

Jia, J ORCID: 0000-0002-5193-8475 and Bradbury, ME 2020 , 'Risk management committees and firm performance' , Australian Journal of Management , pp. 1-20 , doi: 10.1177/0312896220959124.

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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 2007–2014. 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 Type: Article
Authors/Creators:Jia, J and Bradbury, ME
Keywords: risk management committees, corporate governance, firm performance, global financial crisis, comply or explain
Journal or Publication Title: Australian Journal of Management
Publisher: Sage Publications Ltd.
ISSN: 0312-8962
DOI / ID Number: 10.1177/0312896220959124
Copyright Information:

Copyright 2020 The Authors

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