Practitioners’ Perspective on Risk
- 342 Downloads
This chapter attempts to gain an insight into practitioners’ perception of risk. For the purpose, a survey was administered amongst the top finance personnel of the sample. The survey covered eight broad dimensions, namely attitude towards risk, risk identification and prioritisation, risk measurement, risk handling, risk communication, risk management authority, risk and return, evaluation of risk management practices. Further, an attempt has been made to discover linkages between this primary data and secondary data used in other chapters; these findings highlight the theory–practice gap.
KeywordsSurvey Questionnaire Risk management Risk governance Risk disclosures Risk–return
- Bilal, T. S., Khan, J., Abbas, A., & Saeed, A. (2013). The association between firm-specific characteristics and corporate disclosure: Evidence from Pakistan. Journal of Contemporary Issues in Business Research, 2(4), 124–134.Google Scholar
- Bodnar, G., Giambona, E., Graham, J., & Harvey, C. (2014). A view inside corporate risk management. Retrieved from http://ssrn.com/abstract=2438884.
- Jain, P. K., Yadav, S. S., & Rastogi, A. K. (2009). Risk management practices of corporate firms in India: A comparative study of public sector, private sector business houses and foreign controlled firms. Decision, 36(2), 73–97.Google Scholar
- J.P. Morgan Risk Metrics. (1994). Morgan risk metrics technical document. New York: Morgan Guaranty Trust Company. Retrieved from http://www.riskmetrics.com/rm.html.
- Marshall, A., & Weetman, P. (2008). Managing interest rate risk and foreign exchange risk: Disclosure of objectives, policies and processes. London: ICAEW.Google Scholar