Sekerci, Naciye; Pagach, Don - In: Journal of risk and financial management : JRFM 13 (2020) 9/210, pp. 1-21
Risk Management (ERM) implementation. Specifically, we examine the relationship between the presence of large shareholders … can be considered as governance tools, used to monitor managerial discretion in risk management, ultimately reducing the … agency cost of risk management. Accordingly, we analyze the demand for ERM in certain governance (e.g., ownership) settings …