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Influence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Database

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dc.citedby0
dc.contributor.authorSaif Al Mutairi A.M.en_US
dc.contributor.authorBakar S.B.en_US
dc.contributor.authorid58668102900en_US
dc.contributor.authorid55682655444en_US
dc.date.accessioned2024-10-14T03:20:29Z
dc.date.available2024-10-14T03:20:29Z
dc.date.issued2023
dc.description.abstractThe present study investigates the relationship between corporate governance (CG) mechanisms and the financial risk and performance of the companies enlisted in the Refinitiv ESG Database. The study drew on the agency theory of CG. It evaluated the effect of board diversity (BD), board independence (BI), CEO duality (CEOD), and gender diversity (GD) on financial risk (FR), comprising of credit (CR) and liquidity risk (LR) and financial performance (FP) measured by returns on asset (ROA) while controlling for firm size, age, and tangible assets. Data is obtained from 2009 to 2019 for panel data regression analysis. The study utilized the Hausman test for model specification. The findings specify that the size of the board positively and significantly impacts FR and FP. Gender diversity negatively and significantly affects credit risk and FP. Board independence positively and significantly influenced FP. The study provides significant implications for scholars and practitioners. � 2023, World Scientific and Engineering Academy and Society. All rights reserved.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.37394/232018.2023.11.31
dc.identifier.epage351
dc.identifier.scopus2-s2.0-85175042996
dc.identifier.spage339
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85175042996&doi=10.37394%2f232018.2023.11.31&partnerID=40&md5=7e3bcd2d2efd2bd92e123b09ddaff471
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/34536
dc.identifier.volume11
dc.pagecount12
dc.publisherWorld Scientific and Engineering Academy and Societyen_US
dc.relation.ispartofAll Open Access
dc.relation.ispartofGold Open Access
dc.sourceScopus
dc.sourcetitleWSEAS Transactions on Computer Research
dc.subjectAgency Theory
dc.subjectCorporate governance
dc.subjectFinancial Performance
dc.subjectFinancial Risk
dc.subjectPanel Regression
dc.subjectRefinitv ESG Database
dc.titleInfluence of Corporate Governance Mechanisms on Financial Risk and Financial Performance: Evidence from Refinitiv ESG Databaseen_US
dc.typeArticleen_US
dspace.entity.typePublication
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