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Governance Indicators as Determinants of Operational Risk
Company: International Journal of Disclosure and Governance
Company Url: Click here to open
Year Of Publication: 2013
Month Of Publication: December
Resource Link: Click here to open
Download Count: 0
View Count: 901
Comment Num: 0
Language: English
Source: article
Who Can Read: Free
Date: 12-25-2013
Publisher: Administrator
A country-level model is presented whereby operational loss severity is explained in terms of the size of the economy and governance indicators. Estimation and simulation results show that the average severity of operational losses is positively related to the size of the economy as measured by GDP and that improvement in governance indicators leads to a reduction in the severity of losses. The effect of governance indicators on operational risk can be attributed to the fact that these indicators pertain to the provision of deterrence against crime and to corporate governance, which has implications for internal controls within firms.
Moosa, Imad A. Sign in to follow this author
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