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Corporate Governance, Risk Management Disclosure, and Firm Performance: A Theoretical and Empirical Review Perspective

Author

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  • Mohammed Mahmud Kakanda
  • Basariah Salim
  • Sitraselvi a/p Chandren

Abstract

The purpose of this study is to empirically and theoretically review the relationship between Corporate Governance (CG), risk management, and firm performance by suggesting future research agenda in this promising area. The study suggests the use ex-post facto research design to collect data on board characteristics (board size, board composition, board meeting, and board expertise), and quantitative content analysis to collect data on risk management disclosure from the annual reports and accounts of financial service firms quoted on the Nigerian Stock Exchange (NSE). The study also proposes the use of multivariate statistics in analyzing the data to be collected. Albeit, the study did not carry out any statistically analysis, yet, the review and theoretical evidences have shown that board characteristics (board size, board composition, board meeting, and board expertise) and risk management disclosure have positive relationship with firm performance. The outcomes from literature and theoretical review will be of paramount importance to the interest of firms that sought to know how board characteristics and risk management disclosure relate to their performance. This may in a long way aid them in making various business decisions.

Suggested Citation

  • Mohammed Mahmud Kakanda & Basariah Salim & Sitraselvi a/p Chandren, 2017. "Corporate Governance, Risk Management Disclosure, and Firm Performance: A Theoretical and Empirical Review Perspective," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(9), pages 836-845.
    • Handle: RePEc:asi:aeafrj:v:7:y:2017:i:9:p:836-845:id:1599
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    Citations

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    Cited by:

    1. Gratiela Georgiana Noja & Eleftherios Thalassinos & Mirela Cristea & Irina Maria Grecu, 2021. "The Interplay between Board Characteristics, Financial Performance, and Risk Management Disclosure in the Financial Services Sector: New Empirical Evidence from Europe," JRFM, MDPI, vol. 14(2), pages 1-20, February.
    2. Mohammed Mahmud Kakanda, & Basariah Salim, & Sitraselvi Chandren, 2017. "Corporate governance reform and risk management disclosures: evidence from Nigeria," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(3), pages 357-367, July.
    3. Mehmet Levent Erdaş & Emel Bachá Sımoes, 2020. "The Relationship between Audit Mechanisms and Dividend Payout Policy within the Framework of Corporate Governance: The Case of Turkey," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 62(0), pages 255-284, December.
    4. Olayinka Adedayo Erin & Adebola Daniel Kolawole & Abdurafiu Olaiya Noah, 2020. "Risk governance and cybercrime: the hierarchical regression approach," Future Business Journal, Springer, vol. 6(1), pages 1-15, December.
    5. Kakanda, Mohammed Mahmud & Salim, Basariah & Chandren, Siraselvi, 2017. "Corporate governance reform and risk management disclosures: Evidence from Nigeria," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 13(3).
    6. Mehmet Levent Erdaş & Emel Bachá Sımoes, 2020. "The Relationship between Audit Mechanisms and Dividend Payout Policy within the Framework of Corporate Governance: The Case of Turkey," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 62(62), pages 255-284, December.
    7. Mohammed Mahmud Kakanda, & Basariah Salim, & Sitraselvi Chandren,, 2017. "Do board characteristics and risk management disclosure have any effect on firm performance? Empirical evidence from Deposit Money Banks (DMBs) in Nigeria," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(4), pages 506-521, October.
    8. La Ode, Sumail, 2018. "Corporate governance and dividend payout ratio in non-financial firms listed in Indonesian Stock Exchange," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(4), pages 851-861, August.

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