Loading...
Risk governance of financial institutions: The effect of ownership structure and board independence
Dupire, Marion Slagmulder, Regine
Dupire, Marion
Slagmulder, Regine
Citations
Altmetric:
Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2019
Journal
Finance Research Letters
Book
Publication Volume
28
Publication Issue
March
Publication Begin page
227
Publication End page
237
Publication NUmber of pages
Collections
Abstract
This paper investigates how the risk governance practices of European financial institutions quantitatively cluster on the corporate governance characteristics of the corporation, particularly ownership structure and board independence. Using hand-collected data on a sample of 54 banks and 33 insurance companies, we find that financial institutions with powerful owners (i.e., those with >20% ownership) have a lower chief risk officer (CRO) presence and lower risk committee presence. In addition, state-controlled institutions and institutions with more independent boards have more independent risk committees.
Research Projects
Organizational Units
Journal Issue
Keywords
Risk Governance, Corporate Governance, Financial Institution, Risk Management