Ownership, board, and enterprise risk management

  1. Luís Otero González
  2. Luís-Ignacio Rodríguez Gil
  3. Pablo Durán Santomil
  4. Araceli Tamayo Herrera
Revista:
European Journal of Family Business

ISSN: 2444-8788 2444-877X

Ano de publicación: 2020

Título do exemplar: Strategic and Organizational Change

Volume: 10

Número: 1

Páxinas: 44-55

Tipo: Artigo

DOI: 10.24310/EJFBEJFB.V10I1.6690 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Outras publicacións en: European Journal of Family Business

Indicadores

Citas recibidas

  • Citas en Dimensions: 1 (20-02-2024)

Índice Dialnet de Revistas

  • Ano 2020
  • Factor de impacto da revista: 0,810
  • Ámbito: ECONOMÍA Cuartil: C1 Posición no ámbito: 19/170

CIRC

  • Ciencias Sociais: C

Dimensions

(Datos actualizados na data de 20-02-2024)
  • Total de citas: 1
  • Citas recentes (2 anos): 0
  • Field Citation Ratio (FCR): 0.5

Resumo

This paper analyses the effect of family ownership and the characteristics of the board of directors on the implementation level of enterprise risk management (ERM) in Spanish non-financial companies. The sample consists of 162 Spanish non-financial companies listed on Spanish stock exchanges and markets during 2012–2015. The results obtained show that the relationship between the level of family ownership concentration and the implementation level of an ERM system has a non-linear structure. Therefore, a reduction in implementation for moderate ownership levels is observed, although this increases with high ownership values. Regarding corporate governance, our study confirms the importance of certain characteristics of the board of directors, such as the size and the figure of the shareholder director in the implementation of formal ERM systems.

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