CGA-Canada supports, through a gift agreement, research conducted by the CGA-AGRC at the Telfer School of Management. The grant is provided for the year 2012-13 to fund research activities in the area of corporate governance, risk management, business and finance.
- July 2013
Higher reported enterprise risks are not predictive of weaker business performance
The level of disclosed risks does not appear to predict a company’s business performance. While firm performance changed radically during the 2008 financial crisis and economic recession, only minor increases in the disclosed risk exposure, risk consequences and risk management strategies were identified in companies’ annual reports published in 2007 and 2008.
- January 2013
The effect of the financial crisis on enterprise risk management disclosures
The 2008 financial crisis had little impact on the risk disclosures of Canadian firms provided around the same period. Investors examining risk disclosures of major non-financial Canadian firms in 2008 would have been at a loss to find signs of a financial crisis. The research findings highlight the need to pay closer attention to the quality of risk disclosures.
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