20201
Author: Tewari, Devi Datt × Subject: Corporate governance ×
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    Board experience, corporate risk-taking and growing concern: evidence from South Africa
    2020
     | IUP Publications
    Experience is arguably one of the most prominent corporate governance attributes, yet studies investigating traits of corporate governance in mitigating risk-taking behavior have ignored board experience. Using the Bayesian analytical method, the present study analyzes multivariate models of corporate governance attribute (ie, board experience), corporate risk-taking and going concern of Johannesburg Stock Exchange (JSE) listed firms. The paper finds the sampled firms’ board experience to be a key attribute that influences firm’s risk-taking and going concern. Additionally, it finds that firms’ risk-taking behavior significantly impacts their going concern prospects. The findings suggest the need for a better repositioning of corporate governance in the light of board experience.
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