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Risk management and firm value: recent theory and evidence
16 references·15 citing·43 second hop
Risk management and firm value: recent theory and evidence (2016)Risk management and firm value: recent th…The Value of Enterprise Risk Management (2011)The Value of Enterprise Risk …The Effects of Derivatives on Firm Risk and Value (2011)The Effects of Derivatives on…Risk management, corporate governance, and bank performance in the financial crisis (2011)Risk management, corporate go…A Unified Theory of Tobin's q , Corporate Investment, Financing, and Risk Management (2011)A Unified Theory of Tobin's q…International Evidence on Financial Derivatives Usage (2009)International Evidence on Fin…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Risk management and calculative cultures (2008)Risk management and calculati…Does Hedging Affect Firm Value? Evidence from the US Airline Industry (2006)Does Hedging Affect Firm Valu…Empirical evidence on the relation between stock option compensation and risk taking (2002)Empirical evidence on the rel…RETHINKING RISK MANAGEMENT (1996)RETHINKING RISK MANAGEMENTRisk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Forward Contracts and Firm Value: Investment Incentive and Contracting Effects (1991)Forward Contracts and Firm Va…The Determinants of Firms' Hedging Policies (1985)The Determinants of Firms' He…Optimal Hedging Policies (1984)Optimal Hedging PoliciesThe Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Risk and reward: unraveling the link between credit risk, governance and financial performance in banking industry (2024)Risk and reward: unraveling t…Enterprise Risk Management: Improving Embedded Risk Management and Risk Governance (2024)Enterprise Risk Management: I…The relationship between enterprise risk management and managerial judgement in decision‐making: A systematic literature review (2023)The relationship between ente…Do female directors influence firm value? The mediating role of green innovation (2023)Do female directors influence…Connectedness between Currency Risk Hedging and Firm Value: A Deep Neural Network-based Evaluation (2023)Connectedness between Currenc…Modernising operational risk management in financial institutions via data-driven causal factors analysis: A pre-registered report (2022)Modernising operational risk …How Can Enterprise Risk Management Help in Evaluating the Operational Risks for a Telecommunications Company? (2021)How Can Enterprise Risk Manag…Do Risk Disclosures Matter for Bank Performance? A Moderating Effect of Risk Committee (2021)Do Risk Disclosures Matter fo…Does institutional ownership affect the value relevance of accounting information? (2020)Does institutional ownership …Corporate financial hedging and firm value: a meta-analysis (2020)Corporate financial hedging a…The impact of operational risk incidents and moderating influence of corporate governance on credit risk and firm performance (2019)The impact of operational ris…Cost of capital and probability of default in value-based risk management (2019)Cost of capital and probabili…Does hedging enhance firm value in good and bad times (2018)Does hedging enhance firm val…Audit committee adoption and firm value: evidence from UK financial institutions (2018)Audit committee adoption and …Does the hiring of chief risk officers align with the COSO/ISO enterprise risk management frameworks? (2017)Does the hiring of chief risk…The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The theory of financial intermediation (1997)The dark side of diversification: The case of US financial holding companies (2005)CEOs versus CFOs: Incentives and corporate policies (2010)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Law and Finance (1998)Limited-dependent and qualitative variables in econometrics (1983)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Enterprise risk management and firm performance: A contingency perspective (2009)Enterprise Risk Management: Review, Critique, and Research Directions (2014)Enterprise risk management and firm performance: The Italian case (2016)On financial contracting (1979)Optimal capital structure under corporate and personal taxation (1980)The investment opportunity set and corporate financing, dividend, and compensation policies (1992)Managerial incentives and risk-taking☆ (2005)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)Specification Tests in Econometrics (1978)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Power, optimism, and risk‐taking (2006)Managerial risk-taking behavior and equity-based compensation☆ (2009)How does culture influence corporate risk-taking? (2013)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)The theory and practice of corporate finance: evidence from the field (2001)The Cash Flow Sensitivity of Cash (2004)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Separation of Ownership and Control (1983)On Persistence in Mutual Fund Performance (1997)Financial Expertise of the Board, Risk Taking, and Performance: Evidence from Bank Holding Companies (2014)The impact of social and environmental sustainability on financial performance: A global analysis of the banking sector (2019)The relationship between environmental, social, and financial performance in the banking sector: A European study (2021)The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective (2005)A framework of sustainable supply chain management: moving toward new theory (2008)Environmental risk management and the cost of capital (2008)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)
this work references cited by second hop

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1985The Determinants of Firms' Hedging Policies3,270 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 1996RETHINKING RISK MANAGEMENT1,205 cited
  • 2011Risk management, corporate governance, and bank performance in the financial crisis1,054 cited
  • 1984Optimal Hedging Policies939 cited
  • 2002Empirical evidence on the relation between stock option compensation and risk taking863 cited
  • 2011The Value of Enterprise Risk Management832 cited
  • 2011A Unified Theory of Tobin's q , Corporate Investment, Financing, and Risk Management662 cited
  • 2008Risk management and calculative cultures462 cited
  • 1991Forward Contracts and Firm Value: Investment Incentive and Contracting Effects454 cited
  • 2011The Effects of Derivatives on Firm Risk and Value433 cited
  • 2006Does Hedging Affect Firm Value? Evidence from the US Airline Industry389 cited

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  • 2009International Evidence on Financial Derivatives Usage381 cited
  • Cited by

    • 2019The impact of operational risk incidents and moderating influence of corporate governance on credit risk and firm performance69 cited
    • 2023The relationship between enterprise risk management and managerial judgement in decision‐making: A systematic literature review66 cited
    • 2019Cost of capital and probability of default in value-based risk management61 cited
    • 2018Audit committee adoption and firm value: evidence from UK financial institutions58 cited
    • 2024Risk and reward: unraveling the link between credit risk, governance and financial performance in banking industry45 cited
    • 2020Corporate financial hedging and firm value: a meta-analysis37 cited
    • 2017Does the hiring of chief risk officers align with the COSO/ISO enterprise risk management frameworks?34 cited
    • 2023Do female directors influence firm value? The mediating role of green innovation34 cited
    • 2021How Can Enterprise Risk Management Help in Evaluating the Operational Risks for a Telecommunications Company?31 cited
    • 2024Enterprise Risk Management: Improving Embedded Risk Management and Risk Governance30 cited
    • 2023Connectedness between Currency Risk Hedging and Firm Value: A Deep Neural Network-based Evaluation28 cited
    • 2018Does hedging enhance firm value in good and bad times25 cited
    • 2020Does institutional ownership affect the value relevance of accounting information?23 cited
    • 2021Do Risk Disclosures Matter for Bank Performance? A Moderating Effect of Risk Committee23 cited
    • 2022Modernising operational risk management in financial institutions via data-driven causal factors analysis: A pre-registered report19 cited