The relationship between risk management (Environmental uncertainty) and corporate value by emphasizing Role of the board of directors and Audit Committee

Fayaz, Ali

The relationship between risk management (Environmental uncertainty) and corporate value by emphasizing Role of the board of directors and Audit Committee

Document Type : Original Article

Author

ali fayaz

accounting

Abstract

Identifying and managing the risks, are of the new approaches that are used to strengthen and improve the effectiveness of organizations. This study examined the relationship between risk management and corporate value by emphasizing the role of the features of the board of directors and Internal Auditor. The study population consisted of 85 companies listed in Tehran Stock Exchange during the years 2011-2016. The results of testing the research hypotheses showed that increasing risk management will lead to increasing corporate values. Also in companies with institutional owners, the relationship between risk management and the company value will be more than other companies, but this value is not statistically significant. The results also show that by increasing the independence of directors, the effect of risk management on the company value will not increase significantly. presence of Internal Auditor in the companies listed in Stock Exchange don’t increases the impact of risk management on the company value significantly.

Keywords

Risk Management

Corporate Value

Independence of Board of Directors

Audit Committee