Enterprise Risk Management And Financial Stability

  go-ahead Risk Management and pecuniary 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 version: October 2008 *Corresponding author. surgical incision of Finance and Management Science, Edwards give instruction 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 rustle This study investigates the e¤ectiveness of the dual- identity card corporal brass mechanism on enterprise risk oversight and nancial constancy in emerge markets. Taking into account both market risk and original risk, we nd activities of both boards, board of directors and the supervisory board, in these companies a¤ect corporate risk-taking be haviors signicantly, but chuck out scintillation on di¤erent aspects. These ndings are of interest and counter-intuitive since prior enquiry concludes ine¤ectiveness of the dual-board dodging 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 governmental/governmental policies and ownership structure of controlling shareholders on board behaviors, asymmetrical monitoring effects of two boards on companies with several(a) levels of nancial risk, and non-linear e¤ects of meeting frequencies of two boards, are address to patron better under! stand the corporate governance-enterprise risk management relationship. unwrap words: Corporate governance, enterprise risk management, corporate risk-taking, dual-board establishment JEL Classication: G34, G38 1 1 Introduction Late November 2004, a firing of US$554 jillion of China Aviation Oil (Singapore) was released, and the president of SASAC (State-owned Assets...If you compulsion to read a full essay, order it on our website: OrderCustomPaper.com

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