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Risk Management in Corporate Governance Framework

Author

Listed:
  • Hania Rehman

    (Multan Campus, Air University Islamabad, Multan 66000, Pakistan)

  • Muhammad Ramzan

    (Multan Campus, Air University Islamabad, Multan 66000, Pakistan)

  • Muhammad Zia Ul Haq

    (Multan Campus, Air University Islamabad, Multan 66000, Pakistan)

  • Jinsoo Hwang

    (The College of Hospitality and Tourism Management, Sejong University, Seoul 143-747, Korea)

  • Kyoung-Bae Kim

    (Department of Tourism Management, Dong-A University, Busan 49236, Korea)

Abstract

There is a scarcity of literature involving studies about the effect of risk management on the relationship between corporate governance and a firm’s financial performance, especially in emerging markets. The study fills this gap and adds to the existing literature by investigating whether risk management acts as a mediator between corporate governance and the firm’s financial performance. This study found that risk management partially mediates the relationship between board size and financial performance. Our results further indicate that risk management acts as a partial mediator between foreign ownership and financial performance.

Suggested Citation

  • Hania Rehman & Muhammad Ramzan & Muhammad Zia Ul Haq & Jinsoo Hwang & Kyoung-Bae Kim, 2021. "Risk Management in Corporate Governance Framework," Sustainability, MDPI, vol. 13(9), pages 1-17, April.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:9:p:5015-:d:546353
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    References listed on IDEAS

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    Cited by:

    1. Na Xu & Wendong Lv & Junli Wang, 2023. "The Impact of Board Governance on Firm Risk among China’s A-Share Market-Listed Companies from 2010 to 2019," Sustainability, MDPI, vol. 15(5), pages 1-20, February.
    2. Marwan Mansour & Hamzeh Al Amosh & Ahmad Yuosef Alodat & Saleh F. A. Khatib & Mohammed W. A. Saleh, 2022. "The Relationship between Corporate Governance Quality and Firm Performance: The Moderating Role of Capital Structure," Sustainability, MDPI, vol. 14(17), pages 1-25, August.
    3. So Ra Park & Jae Young Jang, 2021. "The Impact of ESG Management on Investment Decision: Institutional Investors’ Perceptions of Country-Specific ESG Criteria," IJFS, MDPI, vol. 9(3), pages 1-27, September.
    4. Huijie Li & Jie Li, 2021. "Risk Governance and Sustainability: A Scientometric Analysis and Literature Review," Sustainability, MDPI, vol. 13(21), pages 1-18, October.

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