EXPLORING THE PERSPECTIVES OF CORPORATE GOVERNANCE AND THEORIES ON SUSTAINABILITY RISK MANAGEMENT (SRM)
Journal Title: Asian Economic and Financial Review - Year 2015, Vol 5, Issue 10
Abstract
The motivation of this paper stems from the importance of observing good corporate governance by means of SRM approach to create sustainable value for corporate survival. This study explores the perspectives of corporate governance and underlying theories related to sustainability risk management (SRM). There is a growing concern that good corporate governance has an impact on SRM program. Good corporate governance influences companies to adopt sustainable business practices through a more holistic risk management approach in addressing both financial and non-financial risks. Modern portfolio, stakeholder and legitimacy theories are the accepted paradigm in fostering a good corporate governance through the adoption of sustainable risk management in addressing sustainability risk. This paper adds to the literature by highlighting the importance of corporate governance through adoption of sustainable risk management practices in maximizing economic, environmental and social performance.
Authors and Affiliations
Nazliatul Aniza Abdul Aziz*| Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Sintok, Kedah, Malaysia, Norlida Abdul Manab| School of Economics, Finance and Banking, Universiti Utara Malaysia, Sintok, Kedah, Malaysia, Siti Norezam Othman| School of Technology Management and Logistic, Universiti Utara Malaysia, Sintok, Kedah, Malaysia
Keywords
Related Articles
- EP ID EP2230
- DOI -
- Views 503
- Downloads 34
TARIFF, CONSUMPTION HOME BIAS AND MACROECONOMIC DYNAMICS
In this paper, New Open Economy Macroeconomics is served as an analytical framework to build a setting which is in line with structure of an imperfectly competitive market, we follow an open economy model with micro-foun...
FOREIGN DIRECT INVESTMENT, NON-OIL EXPORTS, AND ECONOMIC GROWTH IN NIGERIA: A CAUSALITY ANALYSIS
The study examines the contribution of Foreign Direct Investment (FDI) to the performance of non-oil exports in Nigeria within the framework of the export-led growth (ELG) hypothesis. Available evidence in Nigeria suppor...
CORPORATE FAILURE PREDICTION MODELS FOR ADVANCED RESEARCH IN CHINA: IDENTIFYING THE OPTIMAL CUT OFF POINT
The rapid growth of the Chinese economy has resulted in Chinese listed companies entering numerous global supply chains, and thereby contributing to the globalization of economies. Accurately predicting corporate distres...
NON-ENERGY IMPORT DEMAND FUNCTION IN TURKEY: NEW EVIDENCE
This study estimates the non-energy demand function of Turkey in the period of 2003:Q1-2015:Q3. We estimated a long run and a short run model of imports, based on the traditional import approach. Then we analyzed income...
POLICIES AND EFFECTIVENESS OF FOREIGN AID: THE CASE OF SRI LANKA
This empirical study investigates foreign aid’s effectiveness in stimulating growth by considering economic policies and the factors that influenced aid flow in Sri Lanka during the period of 1980-2008. For both analyses...