The Effect of Initiative Risk Management to Firm Value
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论文类型:会议论文
发表时间:2015-01-01
收录刊物:CPCI-SSH
页面范围:406-411
关键字:Initiative Risk Management; Firm Value; Financial Listed Companies
摘要:This paper takes Chinese financial listed enterprises, and establishes indicators to evaluate the initiative risk management behaviors of the financial enterprises and examines the relationship between initiative risk management and firm value. Results show that financial enterprises could increase firm value effectively by taking initiative risk management measures, such as setting up departments specialized in risk management, using financial derivative instruments or engaging international famous accounting firms as audit institutions.
