Ownership, Board, and Enterprise Risk Management

Luis Otero-González; Luis-Ignacio Rodriguez-Gil; Pablo Durán-Santomil; Araceli Tamayo-Herrera

doi:10.24310/ejfbejfb.v10i1.6690

Autores/as

Luis Otero-González Universidad de Santiago de Compostela España
Luis-Ignacio Rodriguez-Gil Universidad de Santiago de Compostela España https://orcid.org/0000-0002-0852-2212
Pablo Durán-Santomil Universidad de Santiago de Compostela España
Araceli Tamayo-Herrera Universidad de Santiago de Compostela España https://orcid.org/0000-0001-8136-1876

DOI:

https://doi.org/10.24310/ejfbejfb.v10i1.6690

Palabras clave:

Propiedad familiar, Gobierno corporativo, Gestión integral de riesgos (ERM)

Agencias: No

Resumen

Este trabajo analiza el efecto de la propiedad familiar y de las características del consejo de administración sobre el nivel de implementación del ERM en las empresas españolas no financieras. La muestra consta de 162 empresas españolas no financieras que cotizan en Bolsas y Mercados Españoles durante el período 2012-2015. Los resultados obtenidos muestran Los resultados obtenidos muestran que la relación entre el nivel de concentración de la propiedad familiar y el grado de implementación del sistema de gestión de riesgos (ERM) presenta una estructura no lineal, de modo que se observa una reducción de los niveles de implementación para niveles medios, pero que se incrementa en valores elevados de propiedad. Respecto al gobierno corporativo, nuestro trabajo confirma la importancia de ciertas características del consejo de administración en la implementación de sistemas formales de gestión del riesgo.

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