Abstract
Effective risk management is essential for a company's survival and reducing financial losses. Companies that establish Risk Management Committees (RMCs) can better focus on addressing risk issues. However, studies show inconsistent findings regarding the impact of RMCs on firm performance, especially in Malaysian Government-Linked Companies (GLCs). Most local research has examined profit-driven firms using traditional financial measures, leaving the effect of RMCs on Malaysian GLCs' valuebased performance, such as Economic Value Added (EVA), underexplored. This study investigates how various RMC attributes, including independence, size, qualifications, meetings, and gender diversity, affect the financial performance of 13 Bursa Malaysialisted GLCs from 2017 to 2023. Using Pooled Ordinary Least Squares with NeweyWest standard errors, the results reveal that both independence of the RMC and its meeting frequency demonstrate a significant positive impact on firm performance, supporting agency and resource dependence theories. These findings suggest that having an independent RMC and regular meetings strengthen risk management and enhance firm performance. Although valuable, the study's limited sample size and focus on GLCs restrict the generalizability of results. Future research should include broader sectors and additional governance factors to better understand RMC effectiveness across contexts.
Metadata
| Item Type: | Thesis (Masters) |
|---|---|
| Creators: | Creators Email / ID Num. Penyuki, Mohd Hadi 2022233496 |
| Contributors: | Contribution Name Email / ID Num. Thesis advisor Rimin, Flicia UNSPECIFIED |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HG Finance |
| Divisions: | Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management |
| Programme: | Master of Science (Business Management) |
| Keywords: | Risk management committee, Government-Linked Companies, Economic value-added |
| Date: | 2026 |
| URI: | https://ir.uitm.edu.my/id/eprint/136786 |
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