scholarly journals Banking Risks: Enhancing Requirements Concerning Risk Management and Information Disclosure

2014 ◽  
Author(s):  
Yana Kryvych ◽  
Inna Makarenko
Keyword(s):  
Risk Management ◽  
Information Disclosure

scholarly journals Performance Analysis of Peer-to-Peer Online Lending Platforms in China

2018 ◽  
Vol 10 (9) ◽  
pp. 2987 ◽  
Author(s):  
Pingfan Song ◽  
Yunzhi Chen ◽  
Zhixiang Zhou ◽  
Huaqing Wu
Keyword(s):  
Risk Management ◽  
Information Disclosure ◽  
Peer To Peer ◽  
The State ◽  
Enterprise Group ◽  
Measure Data ◽  
Unexpected Result ◽  
Data Envelopment ◽  
State Owned Enterprise ◽  
Online Lending

In this paper we intend to check the performance of Peer-to-Peer online lending platforms in China. Different from commercial banks, Peer-to-Peer (P2P) platforms’ business process is divided into the market-expanding stage and the risk-managing stage. In the market-expanding stage, platforms are intended to help borrowers attain more money, and in the risk-managing stage, platforms try their best to ensure that the lenders’ money is repaid on time. Thus, with a sample of 66 leading big P2P platforms, and a novel two-stage slacks-based measure data envelopment analysis with non-cooperative game, the performance efficiency of each stage as well as the comprehensive efficiency are evaluated. The results show that the leading big platforms are good at managing the risk, although risk management is not the major concern of most P2P platforms in China. We also find that average performance efficiency of the platforms that are located in non-first tier cities is higher than that in first tier cities. This unexpected result indicates that development of the P2P industry may relieve the severe distortion of resource allocation and efficiency loss arising from unbalanced regional development. Then dividing the platforms into different groups according to different types of ownership, we verify that performance efficiency of the P2P platforms from the state-owned enterprise group is in a dominant position, and the robustness check indicates that the major advantage of the state-owned enterprise (SOE) group mainly lies in the risk management. We also make a further study to figure out the sources of inefficiency, finding that it mainly arises from the shortage of lenders, the lack of average borrowing balance, and the insufficient transparency of information disclosure. In the last section we conclude our research and propose some advice.

scholarly journals Information Disclosure in Environmental Risk Management: Developments in China

2011 ◽  
Vol 40 (3) ◽  
pp. 163-192 ◽  
Author(s):  
Arthur P. J. Mol ◽  
Guizhen He ◽  
Lei Zhang
Keyword(s):  
Risk Management ◽  
Environmental Protection ◽  
Environmental Risk ◽  
Information Disclosure ◽  
Environmental Information ◽  
Environmental Risk Management ◽  
Environmental Disasters ◽  
Environmental Information Disclosure ◽  
New Policies ◽  
Environmental Agencies

Entering the twenty-first century, China has been the site of many serious environmental disasters and accidents. These have strengthened the call for the establishment of an environmental risk management system and for the development of new policies to effectively manage risk. Among the new policies in China's environmental risk management strategy are pollution insurance and information disclosure. This paper explores information disclosure policies through the implementation of the Environmental Information Disclosure Decree by governmental authorities and companies. In both 2008 and 2010, we reviewed the websites of the Ministry of Environmental Protection and all 31 provincial Environmental Protection Bureaus, conducted experiments in requesting information disclosure, and held interviews with all provincial Environmental Protection Bureaus. We conclude that the implementation of the Environmental Information Disclosure Decree is improving but still far from widespread, full and effective. The lack of enforcement and the ambiguity of some clauses in the decree give provincial environmental agencies great discretion to avoid disclosure and discourages enforcement of company environmental information disclosure. Implementation shortcomings of the decree are also related to the longstanding closeness, secrecy and monopoly of information in China's political system.

scholarly journals Editorial: Governance, risks and rules between theoretical studies and empirical analyses

2020 ◽  
Vol 10 (1) ◽  
pp. 4-6
Author(s):  
Stefano Dell’Atti
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Interest Rates ◽  
Information Disclosure ◽  
Banking Sector ◽  
Social Indicators ◽  
Bank Regulation ◽  
Careful Analysis ◽  
Governance System ◽  
System Risk

The first issue of the journal in 2020 (volume 10, issue 1) provides a careful analysis of the important field of research regarding the social indicators, the corporate governance system, risk analysis and risk management, disclosure and bank regulation. Specifically, the current issue pays attention of an index to measure the quality of the most important European cities, the evolution of Saudi Arabia corporate governance systems, the econometric approach to estimate the influence of interest rates and inflation rates on default rates of banks, the Canadian companies and risks firms disclose, the relevance of enterprise risk management (ERM) information disclosure in the US banking sector and the bank regulation of capital and risk management in the Europe and Central Asia region.

scholarly journals Risks in the System of Accounting and Financial Statements

2021 ◽  
Vol 10 (525) ◽  
pp. 290-297
Author(s):  
S. M. Semenova ◽  
◽  
O. M. Shpyrko ◽  
H. V. Ziabchenkova ◽  
O. P. Kuzmenko ◽  
...  
Keyword(s):  
Risk Management ◽  
Financial Reporting ◽  
Internal Control ◽  
Information Disclosure ◽  
Reporting System ◽  
Management Accounting ◽  
Professional Judgment ◽  
Integrated Reporting ◽  
Effective Response ◽  
Reporting Systems

The article is concerned with studying the risks that are formed in the accounting and financial reporting system, their grouping and characterization for effective management and improvement of enterprise performance. Risk management standards clearly indicate the responsibility of management in assessing risks, managing and reporting them. The transformation of user approaches and needs to complete and reliable information about the risks of enterprises, in particular to the preparation of integrated reporting, indicates that the process of improving both the management and the reporting systems is underway. Accounting simultaneously acts as a function of risk management through the creation of reserves and provisions, a means of displaying risks and decisions about them through disclosure of information in the reporting, and is also a source of risk formation. The literature highlights the latter aspect the least. On the basis of the carried out research, the following groups of risks arising in the accounting and reporting system are determined: risks in the field of application of international (or national) accounting and reporting standards; absence (inefficiency) of management accounting, tax planning, internal control, independent audit; risks of errors and fraud; risks of adverse changes in legislation. For each group, the enterprise will be able to choose the most effective response measures through distribution (by creating reserves, insurance, diversification, outsourcing, developing accounting policies and job descriptions) and reducing risks (through investing in staff education: trainings, seminars, courses and motivation, updating accounting software, compiling and reporting, substantiating professional judgment, improving the internal control system, regulating management accounting, integrated reporting, system solutions). Thus, in order to increase the efficiency of risk management, of practical value should be taking into account the risks of accounting and reporting systems, if we consider them as a source of risks, and not only as an instrument for administration or information disclosure.

scholarly journals An analysis of the relation between enterprise risk management (ERM) information disclosure and traditional risk measures in the US banking sector

2020 ◽  
Vol 10 (1) ◽  
pp. 61-74
Author(s):  
Raef Gouiaa ◽  
Daniel Zéghal ◽  
Meriem El Aoun
Keyword(s):  
Risk Management ◽  
Information Disclosure ◽  
Banking Sector ◽  
Risk Measures ◽  
Vital Role ◽  
Enterprise Risk Management ◽  
Annual Reports ◽  
Enterprise Risk ◽  
The Us ◽  
Measures Of Risk

The purpose of this article is to validate the quality and the relevance of enterprise risk management (ERM) information disclosure by analyzing the relation between the different dimensions of ERM disclosed in the annual report and the traditional measures of risk in the US banking sector. We use content analysis to measure ERM dimensions and a correlation analysis to document the links between risk exposure, consequences, and strategies (Aebi, Sabato, & Schimd, 2012), and the traditional measures of risk (Schnatterly, Clark, Howe, & DeVaughn, 2019) disclosed in the annual reports from 2006 to 2009. We then separately make the analysis for the period before and after the crisis to identify any effect of the crisis on ERM information’s ability to predict and reflect the banking sector’s traditional risk (Maingot, Quon, & Zéghal, 2018). Our results reveal the overall validity of ERM information in assessing traditional risk measures through a significant correlation between ERM exposure, consequences and strategies, and most of the traditional measures of risk. Finally, we confirmed the relevance and the robustness of our results through a portfolio analysis approach. This research sheds new light on the relevance of ERM information by introducing a new framework and a new methodology for assessing the validity of this information within the banking sector, where risk management plays a vital role. The results are potentially useful for banks regulators as well as for producers and users of the information on banking risks.

scholarly journals Analysis on the Efficiency of Risk Management in the Chinese Listed Companies

Mathematics ◽  
2020 ◽  
Vol 8 (10) ◽  
pp. 1831
Author(s):  
Chien-Ming Huang ◽  
Wei Yang ◽  
Ren-Qing Zeng
Keyword(s):  
Risk Management ◽  
Firm Performance ◽  
Internal Control ◽  
Risk Taking ◽  
Information Disclosure ◽  
Production Efficiency ◽  
Listed Companies ◽  
Risk Indicators ◽  
Chinese Listed Companies ◽  
Low Efficiency

Since a firm’s profitability is associated with a degree of risk taking, risk indicators have been extensively treated as exogenous variables and affected firm performance. The level of risk taking should be determined through internal control quality and firm-specific characteristics to effectively understand the relationship between risk management and firm performance. This study aims to investigate the effects of risk management efficiency on the production efficiency of Chinese listed companies from 2002 to 2016 using the two-step data envelopment analysis (DEA) approach. Empirical results indicate that risk management differs from traditional financial theory, which means that high-level risk would earn high expected returns. Firms with a low efficiency index of enterprises risk management will have low performance. In particular, internal controls were significantly improved after the 2008 financial crisis. Our overall results also suggest that information asymmetry is still a problem in financial markets. To achieve maximum benefits for shareholders and improve the quality of information disclosure, methods for enacting market regulations are still very important issues in China.

scholarly journals Risk Management Committee and Disclosure of Hedging Activities Information among Malaysian Listed Companies

2018 ◽  
Author(s):  
Azrul Bin Abdullah ◽  
Ku Nor Izah Ku Ismail ◽  
Norshamshina Mat Isa
Keyword(s):  
Risk Management ◽  
Regression Analysis ◽  
Information Disclosure ◽  
Gender Diversity ◽  
Listed Companies ◽  
Annual Reports ◽  
Management Committee ◽  
The Relationship ◽  
Risk Management Committee

This paper examines the relationship between Risk Management Committee (RMC) characteristics and the extent of hedging activities disclosure within the annual reports of the Malaysian listed companies. In particular, relationships are tested on RMC size, independence, RMC meeting, RMC gender diversity and RMC training. Our regression analysis shows that RMC independence significantly and negatively influences the extent of hedging activities information disclosure, while RMC meeting positively influences the disclosure. The implications of these findings are discussed.

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