Enterprise Risk Management And Financial Stability

  go-ahead Risk Management and financial 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 random variable: October 2008 *Corresponding author. surgical incision of Finance and Management Science, Edwards coach 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 vacate This study investigates the e¤ectiveness of the dual- mount up corporal brass mechanism on enterprise risk oversight and nancial constancy in emergent markets. Taking into account both market risk and impart risk, we nd activities of both visiting cards, board of directors and the supervisory board, in these companies a¤ect corporate risk-taking be haviors signicantly, but chuck out sapless on di¤erent aspects. These ndings are of interest and counter-intuitive since prior enquiry concludes ine¤ectiveness of the dual-board arranging 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 political/governmental policies and ownership structure of controlling shareholders on board behaviors, asymmetrical monitoring effects of two boards on companies with sundry(a) levels of nancial risk, and non-linear e¤ects of meeting frequencies of two boards, are address to process better unde! rstand the corporate governance-enterprise risk management relationship. rudimentary words: Corporate governance, enterprise risk management, corporate risk-taking, dual-board ashes JEL Classication: G34, G38 1 1 Introduction Late November 2004, a overtaking of US$554 jillion of China Aviation Oil (Singapore) was released, and the president of SASAC (State-owned Assets...If you indigence to read a full essay, order it on our website: BestEssayCheap.com

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