The Role of Corporate Governance in Risk Management

Sãveanu Cristina ()
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Sãveanu Cristina: Doctoral School of Economics University “Al.I.Cuza” Iasi

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 88-93

Abstract: Nowadays, the term corporate governance is more and more associated with risk management objectives. Its importance increases for the main reason that a good governance is a symbol of balance between tactical and strategic decisions. This paper aims to clarify some issues related to corporate governance, starting from principles, ways of measuring, its level, presenting the influences and interactions between the quality of corporate governance and risk management process. The paper also emphasizes the practical importance of the concept which comes from the fact that corporate governance is a complex system that facilitates the achievement of business objectives and monitors the economic performance.

Keywords: corporate governance; risk; financial performance. (search for similar items in EconPapers)
JEL-codes: G32 G34 M48 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:88-93

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