Staff View: Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database

Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database

The present study investigates the relationship between corporate governance (CG) mechanisms and the financial risk and performance of the companies enlisted in the Refinitiv ESG Database. The study drew on the agency theory of CG. It evaluated the effect of board diversity (BD), board independence...

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Main Authors:	Saif Al Mutairi A.M., Bakar S.B.
Other Authors:	58668102900
Format:	Article
Published:	World Scientific and Engineering Academy and Society 2024
Subjects:	Agency Theory Corporate governance Financial Performance Financial Risk Panel Regression Refinitv ESG Database
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id	my.uniten.dspace-34536
record_format	dspace
spelling	my.uniten.dspace-345362024-10-14T11:20:29Z Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database Saif Al Mutairi A.M. Bakar S.B. 58668102900 55682655444 Agency Theory Corporate governance Financial Performance Financial Risk Panel Regression Refinitv ESG Database The present study investigates the relationship between corporate governance (CG) mechanisms and the financial risk and performance of the companies enlisted in the Refinitiv ESG Database. The study drew on the agency theory of CG. It evaluated the effect of board diversity (BD), board independence (BI), CEO duality (CEOD), and gender diversity (GD) on financial risk (FR), comprising of credit (CR) and liquidity risk (LR) and financial performance (FP) measured by returns on asset (ROA) while controlling for firm size, age, and tangible assets. Data is obtained from 2009 to 2019 for panel data regression analysis. The study utilized the Hausman test for model specification. The findings specify that the size of the board positively and significantly impacts FR and FP. Gender diversity negatively and significantly affects credit risk and FP. Board independence positively and significantly influenced FP. The study provides significant implications for scholars and practitioners. � 2023, World Scientific and Engineering Academy and Society. All rights reserved. Final 2024-10-14T03:20:29Z 2024-10-14T03:20:29Z 2023 Article 10.37394/232018.2023.11.31 2-s2.0-85175042996 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85175042996&doi=10.37394%2f232018.2023.11.31&partnerID=40&md5=7e3bcd2d2efd2bd92e123b09ddaff471 https://irepository.uniten.edu.my/handle/123456789/34536 11 339 351 All Open Access Gold Open Access World Scientific and Engineering Academy and Society Scopus
institution	Universiti Tenaga Nasional
building	UNITEN Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Tenaga Nasional
content_source	UNITEN Institutional Repository
url_provider	http://dspace.uniten.edu.my/
topic	Agency Theory Corporate governance Financial Performance Financial Risk Panel Regression Refinitv ESG Database
spellingShingle	Agency Theory Corporate governance Financial Performance Financial Risk Panel Regression Refinitv ESG Database Saif Al Mutairi A.M. Bakar S.B. Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database
description	The present study investigates the relationship between corporate governance (CG) mechanisms and the financial risk and performance of the companies enlisted in the Refinitiv ESG Database. The study drew on the agency theory of CG. It evaluated the effect of board diversity (BD), board independence (BI), CEO duality (CEOD), and gender diversity (GD) on financial risk (FR), comprising of credit (CR) and liquidity risk (LR) and financial performance (FP) measured by returns on asset (ROA) while controlling for firm size, age, and tangible assets. Data is obtained from 2009 to 2019 for panel data regression analysis. The study utilized the Hausman test for model specification. The findings specify that the size of the board positively and significantly impacts FR and FP. Gender diversity negatively and significantly affects credit risk and FP. Board independence positively and significantly influenced FP. The study provides significant implications for scholars and practitioners. � 2023, World Scientific and Engineering Academy and Society. All rights reserved.
author2	58668102900
author_facet	58668102900 Saif Al Mutairi A.M. Bakar S.B.
format	Article
author	Saif Al Mutairi A.M. Bakar S.B.
author_sort	Saif Al Mutairi A.M.
title	Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database
title_short	Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database
title_full	Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database
title_fullStr	Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database
title_full_unstemmed	Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database
title_sort	influence of corporate governance mechanisms on financial risk and financial performance: evidence from refinitiv esg database
publisher	World Scientific and Engineering Academy and Society
publishDate	2024
_version_	1814060102522503168
score	13.222552

Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database

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