Enterprise Risk Management And Financial Stability

  go-ahead Risk Management and fiscal Stability in Dual-Board collective Governance System Zhenyu Wu*, University of Saskatchewan, Canada Yuanshun Li, Ryerson Unviersity, Canada Shujun Ding, York University, Canada Chunxin Jia, Peking University, China This mutation: October 2008 *Corresponding author. surgical incision of Finance and Management Science, Edwards aim of Business, University of Saskatchewan, 25 Campus Drive, Saskatoon, SK, Canada S7V 1K7. Tel: (306) 966-7779. Email: wu@edwards.usask.ca. Enterprise Risk Management and Financial Stability in Dual-Board Corporate Governance System goldbrick This study investigates the e¤ectiveness of the dual- instrument panel corporal brass mechanism on enterprise risk oversight and nancial constancy in emerge markets. Taking into account both market risk and make out risk, we nd activities of both be ons, board of directors and the supervisory board, in these companies a¤ect corporate risk-taking behaviors si gnicantly, but chuck out erupt on di¤erent aspects. These ndings are of interest and counter-intuitive since prior enquiry concludes ine¤ectiveness of the dual-board musical arrangement in China.

More detailed issues, such as the endogeneity of board activities and characteristics, reciprocal causality between board behaviors and risk-taking issues, e¤ects of semipolitical/governmental policies and ownership structure of controlling shareholders on board behaviors, asymmetrical monitoring effects of two boards on companies with mixed levels of nancial risk, and non-linear e¤ects of meeting frequencies of two b oards, are address to serving better unders! tand the corporate governance-enterprise risk management relationship. severalize words: Corporate governance, enterprise risk management, corporate risk-taking, dual-board schema JEL Classication: G34, G38 1 1 Introduction Late November 2004, a deviation of US$554 jillion of China Aviation Oil (Singapore) was released, and the president of SASAC (State-owned Assets...If you ask to read a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay