{"id":"https://openalex.org/W2788448366","doi":"https://doi.org/10.1108/mf-07-2019-0322","title":"Risk committee, corporate risk-taking and firm value","display_name":"Risk committee, corporate risk-taking and firm value","publication_year":2020,"publication_date":"2020-09-12","ids":{"openalex":"https://openalex.org/W2788448366","doi":"https://doi.org/10.1108/mf-07-2019-0322","mag":"2788448366"},"language":"en","primary_location":{"id":"doi:10.1108/mf-07-2019-0322","doi":"https://doi.org/10.1108/mf-07-2019-0322","is_oa":false,"landing_page_url":"https://doi.org/10.1108/mf-07-2019-0322","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.3681601","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5065682176","display_name":"Md. Borhan Uddin Bhuiyan","orcid":"https://orcid.org/0000-0001-7344-5391","observed_orcids":["https://orcid.org/0000-0001-7344-5391"]},"institutions":[{"id":"https://openalex.org/I51158804","display_name":"Massey University","ror":"https://ror.org/052czxv31","country_code":"NZ","type":"education","lineage":["https://openalex.org/I51158804"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Md. Borhan Uddin Bhuiyan","raw_affiliation_strings":["School of Accountancy, Massey University, Auckland, New Zealand"],"raw_orcid":"https://orcid.org/0000-0001-7344-5391","affiliations":[{"raw_affiliation_string":"School of Accountancy, Massey University, Auckland, New Zealand","institution_ids":["https://openalex.org/I51158804"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103005301","display_name":"Muhammad Ahmad Cheema","orcid":"https://orcid.org/0000-0003-3230-1409","observed_orcids":["https://orcid.org/0000-0003-3230-1409"]},"institutions":[{"id":"https://openalex.org/I52179390","display_name":"University of Waikato","ror":"https://ror.org/013fsnh78","country_code":"NZ","type":"education","lineage":["https://openalex.org/I52179390"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Muhammad A. Cheema","raw_affiliation_strings":["School of Accounting, Finance and Economics, University of Waikato, Tauranga, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Accounting, Finance and Economics, University of Waikato, Tauranga, New Zealand","institution_ids":["https://openalex.org/I52179390"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5014715879","display_name":"Yimei Man","orcid":"https://orcid.org/0000-0002-2933-8772","observed_orcids":["https://orcid.org/0000-0002-2933-8772"]},"institutions":[{"id":"https://openalex.org/I80281795","display_name":"University of Otago","ror":"https://ror.org/01jmxt844","country_code":"NZ","type":"education","lineage":["https://openalex.org/I80281795"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Yimei Man","raw_affiliation_strings":["Department of Accounting, Finance, University of Otago, Dunedin, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, Finance, University of Otago, Dunedin, New Zealand","institution_ids":["https://openalex.org/I80281795"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":16.2791,"has_fulltext":true,"cited_by_count":58,"citation_normalized_percentile":{"value":0.99083675,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"47","issue":"3","first_page":"285","last_page":"309"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7979000210762024,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7979000210762024,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.15209999680519104,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.026200000196695328,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-committee","display_name":"risk management committee","score":0.7360000014305115},{"id":"https://openalex.org/keywords/corporate-risk-taking","display_name":"corporate risk-taking","score":0.8870000243186951},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9879999756813049},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9259999990463257},{"id":"https://openalex.org/keywords/board-committees","display_name":"board committees","score":0.4230000078678131},{"id":"https://openalex.org/keywords/audit-committee","display_name":"audit committee","score":0.5139999985694885},{"id":"https://openalex.org/keywords/risk-management","display_name":"risk management","score":0.6660000085830688},{"id":"https://openalex.org/keywords/investor-protection","display_name":"investor protection","score":0.8360000252723694}],"concepts":[{"id":"https://openalex.org/C137725906","wikidata":"https://www.wikidata.org/wiki/Q758913","display_name":"Audit committee","level":3,"score":0.813307523727417},{"id":"https://openalex.org/C207209096","wikidata":"https://www.wikidata.org/wiki/Q848268","display_name":"Enterprise risk management","level":3,"score":0.6449203491210938},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.6368786096572876},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6186411380767822},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.5355804562568665},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.5304896831512451},{"id":"https://openalex.org/C43071985","wikidata":"https://www.wikidata.org/wiki/Q2906013","display_name":"Financial risk management","level":3,"score":0.5144672393798828},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.46268430352211},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.42329251766204834},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.39425766468048096},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2728211283683777},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.1108/mf-07-2019-0322","doi":"https://doi.org/10.1108/mf-07-2019-0322","is_oa":false,"landing_page_url":"https://doi.org/10.1108/mf-07-2019-0322","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.3681601","doi":"https://doi.org/10.2139/ssrn.3681601","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3681601","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:researchcommons.waikato.ac.nz:10289/11655","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10289/11655","pdf_url":"https://researchcommons.waikato.ac.nz/bitstreams/c021a902-b5ab-411a-946a-8b3e4cb1a873/download","source":{"id":"https://openalex.org/S7407063277","display_name":"Research Commons (University of Waikato)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"2017 Auckland Finance Meeting","raw_type":"Conference Contribution"},{"id":"pmh:oai:RePEc:eme:mf0000:mf-07-2019-0322","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/MF-07-2019-0322.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:mfipps:mf-07-2019-0322","doi":null,"is_oa":false,"landing_page_url":"http://www.emeraldinsight.com/10.1108/MF-07-2019-0322?utm_campaign=RePEc&WT.mc_id=RePEc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:mfppss:mf-07-2019-0322","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/MF-07-2019-0322/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:2788448366","doi":null,"is_oa":false,"landing_page_url":"https://researchcommons.waikato.ac.nz/bitstream/10289/11655/13/Full%20Paper%20-%20Risk%20Committee%2c%20Risk-taking%20and%20Firm%20Value.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"doi:10.2139/ssrn.3681601","doi":"https://doi.org/10.2139/ssrn.3681601","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3681601","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.4000000059604645}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":48,"referenced_works":["https://openalex.org/W1503711780","https://openalex.org/W1575774695","https://openalex.org/W1851881529","https://openalex.org/W1892248546","https://openalex.org/W1947332848","https://openalex.org/W1968255868","https://openalex.org/W1979927021","https://openalex.org/W1994463998","https://openalex.org/W2016293597","https://openalex.org/W2016552723","https://openalex.org/W2021033891","https://openalex.org/W2037832385","https://openalex.org/W2039072261","https://openalex.org/W2048018272","https://openalex.org/W2058870063","https://openalex.org/W2069552165","https://openalex.org/W2073318214","https://openalex.org/W2080857067","https://openalex.org/W2086169621","https://openalex.org/W2088894329","https://openalex.org/W2095299437","https://openalex.org/W2122578598","https://openalex.org/W2142068283","https://openalex.org/W2150291618","https://openalex.org/W2165314419","https://openalex.org/W2537222512","https://openalex.org/W2587150004","https://openalex.org/W2734997774","https://openalex.org/W2760039654","https://openalex.org/W2794936404","https://openalex.org/W2909692951","https://openalex.org/W2945651717","https://openalex.org/W2963872913","https://openalex.org/W2964460132","https://openalex.org/W3121494557","https://openalex.org/W3121554626","https://openalex.org/W3122494203","https://openalex.org/W3122521971","https://openalex.org/W3122745812","https://openalex.org/W3123055067","https://openalex.org/W3123455021","https://openalex.org/W3123531827","https://openalex.org/W3123562738","https://openalex.org/W3124662114","https://openalex.org/W3125688476","https://openalex.org/W3125764186","https://openalex.org/W3125933947","https://openalex.org/W3126010620"],"related_works":["https://openalex.org/W4403406693","https://openalex.org/W7161852465","https://openalex.org/W2907228269","https://openalex.org/W4405696844","https://openalex.org/W7110899912","https://openalex.org/W7221096017","https://openalex.org/W1597117170","https://openalex.org/W4404283798","https://openalex.org/W2399986842","https://openalex.org/W3038193219"],"abstract_inverted_index":{"Purpose":[0],"The":[1,19,51,77,97],"authors":[2,20,52,78],"empirically":[3],"examine":[4],"the":[5,8,23,31,42,82,102,126,131,134,152],"impact":[6],"of":[7,25,33,84,136],"stand-alone":[9,27,63,86,108,138,156],"risk":[10,28,64,75,87,109,120,139,157],"committee":[11,29,65,88,110,140,158],"on":[12],"corporate":[13,34,38,54],"risk-taking":[14,39,55,143],"and":[15,40,74,116,141,159],"firm":[16,43,93,142,160],"value.":[17,94,161],"Design/methodology/approach":[18],"argue":[21],"that":[22,45,60,69,81,104,129],"existence":[24,135],"a":[26,62,71,85,107,118,137,145,155],"enhances":[30],"quality":[32],"governance,":[35],"which":[36],"reduces":[37],"strengthens":[41],"value":[44],"might":[46],"improve":[47],"investor":[48],"protection.":[49],"Findings":[50],"find":[53,80],"decline":[56],"significantly":[57],"for":[58],"firms":[59,68,105],"have":[61,70],"compared":[66],"with":[67,92,101,106],"joint":[72],"audit":[73],"committee.":[76],"also":[79],"presence":[83],"is":[89,99,125],"positively":[90],"associated":[91],"Practical":[95],"implications":[96],"evidence":[98],"consistent":[100],"proposition":[103],"can":[111],"effectively":[112],"evaluate":[113],"potential":[114],"risks":[115],"implement":[117],"proper":[119],"management":[121],"system.":[122],"Originality/value":[123],"This":[124],"first":[127],"paper":[128],"investigates":[130],"association":[132,153],"between":[133,154],"in":[144],"multi-industry":[146],"setting.":[147],"Also,":[148],"our":[149],"research":[150],"extends":[151]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":21},{"year":2022,"cited_by_count":10},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1}],"updated_date":"2026-10-17T09:40:24.721904","created_date":"2018-03-06T00:00:00"}