Effects of risk accountability on firm value : evidence from the appointment of chief risk officers or risk committees.

This paper studies the relationship between risk accountability and firm value by investigating if the adoption of risk accountability mechanisms, evidenced by the appointment of a Chief Risk Officer or Risk Committee, would have an effect on firm value.

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Bibliographic Details
Main Authors: Ong, Fonzarelli., Lee, Shiyang., Lin, Weijun.
Other Authors: Foo, See Liang
Format: Final Year Project
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/9799
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Institution: Nanyang Technological University
Description
Summary:This paper studies the relationship between risk accountability and firm value by investigating if the adoption of risk accountability mechanisms, evidenced by the appointment of a Chief Risk Officer or Risk Committee, would have an effect on firm value.