Corporate board and firm risk: An emerging market perspective

Farwis, M.; Nazar, M. C. A.; Azeez, A. A.

dc.contributor.author	Farwis, M.
dc.contributor.author	Nazar, M. C. A.
dc.contributor.author	Azeez, A. A.
dc.date.accessioned	2021-01-15T04:20:57Z
dc.date.available	2021-01-15T04:20:57Z
dc.date.issued	2020-12-15
dc.identifier.citation	International Journal of Financial Research,11(06); 301-317	en_US
dc.identifier.issn	1923-4023(Print)
dc.identifier.issn	1923-4031(Online)
dc.identifier.uri	http://ir.lib.seu.ac.lk/handle/123456789/5233
dc.description.abstract	This study examines the relationship between board features and firm risk of listed companies in Colombo Stock Exchange for the period of 2010 to 2017. This research was carried out based on positivistic paradigm with the quantitative methodology. Secondary data were collected and analyzed using panel data analyze techniques to obtain quantitative measures of descriptive statistics, correlations, and regression analyses. The results show that the board features variables such as Board size, Women on board, Non-executive director, CEO Duality and Director Interlock have significant impact on firm risk. The results are consistent with agencytheory perspective. On the other hand, Audit committee does not show any impact on firm risk in Sri Lankan companies. Our findings reveal that consistence is with theoretical expectation and code best practices. Further, it suggests that as far as the risk is concerned the existing corporate governance practices and code of best practices are effective in Sri Lankan context.	en_US
dc.language.iso	en_US	en_US
dc.publisher	Sciedu Press	en_US
dc.subject	corporate	en_US
dc.subject	governance	en_US
dc.subject	board features	en_US
dc.subject	firm risk	en_US
dc.subject	emerging market	en_US
dc.title	Corporate board and firm risk: An emerging market perspective	en_US
dc.type	Article	en_US