Board of directors and firm risk - Evidence from the Finnish small- and mid-cap companies

Thumbnail Image

URL

Journal Title

Journal ISSN

Volume Title

School of Business | Bachelor's thesis
Electronic archive copy is available locally at the Harald Herlin Learning Centre. The staff of Aalto University has access to the electronic bachelor's theses by logging into Aaltodoc with their personal Aalto user ID. Read more about the availability of the bachelor's theses.

Authors

Date

2018

Department

Laskentatoimen laitos

Major/Subject

Mcode

Degree programme

Laskentatoimi

Language

en

Pages

35

Series

Abstract

This paper provides new evidence from the relationship between board attributes and firm risk. Previous literature has studied extensively the effect of board attributes on firm performance or shareholder value. However, firm risk is an important element of both of these, and thus it is important to study it. This study finds that board size has a significant negative relationship with firm risk. Additionally, board meeting activity and board ownership have positive relationship with the firm risk. Previous literature has found similar evidence on the relationship between board size and firm risk, but the findings considering the board meeting activity and board ownership are new to the existing corporate governance literature.

Description

Thesis advisor

Derichs, David

Keywords

board of directors, board attributes, corporate governance, firm risk

Other note

Citation

Permanent link to this item

https://urn.fi/URN:NBN:fi:aalto-201902171750

Collections

[kand] Kauppakorkeakoulu / BIZ