مجلة التمويل والاستثمار والتنمية المستدامة
Volume 6, Numéro 2, Pages 494-513
2021-12-31

The Impact Of Risk Management Committee Characteristics On Firm Performance: Evidence From Non-financial Listed Firmson Malaysia Stock Market

Authors : Bourib Imran . Boudiab Mourad .

Abstract

This research aims to investigate the association between the characteristics of the Risk Management Committee (RMC) and the financial performance of non-financial companies listed on the Malaysian stock exchange from 2016 to 2018. The size, diligence, training, separation, and gender of the RMC are among the five qualities discovered and applied in this study. There are 576 non-financial service companies in the sample, resulting in 1728 firm-year observations. The strength and direction of the associations in the study were determined using multiple regression analysis. As a consequence, the analysis reveals that RMC size and RMC training are significantly positively associated with the financial performance of the organization. on the other hand, Meeting and RMC separation have a significant negative impact on financial performance. However, RMC gender is not significantly associated with the firm performance of non-financial listed companies in Malaysia. Researchers, corporate executives, policymakers, and regulatory authorities will benefit greatly from the findings of this study.

Keywords

Performance; Risk Management Committee; Audit Committee ;Firm; Malaysia.