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Journal of Risk and Financial Management, Volume 18, Issue 10

2025 October - 63 articles

Cover Story: This figure visually synthesizes global evidence on the relationship between ESG, firm value, and financial risk. It highlights that although the correlation between ESG performance and corporate value remains context-dependent, the association between ESG and reduced financial risk is consistently strong across the literature. View this paper
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Articles (63)

  • Article
  • Open Access
2 Citations
2,044 Views
19 Pages

Global enterprises face increasingly volatile market conditions, with foreign exchange (FX) movements often forcing executives to make rapid pricing and strategy decisions under uncertainty. While artificial intelligence (AI) has transformed operatio...

(This article belongs to the Special Issue Machine Learning, Economic Forecasting, and Financial Markets)
  • Article
  • Open Access
2 Citations
4,410 Views
21 Pages

This study investigates the impact of working capital management (WCM) on profitability in the Indian cement industry, an energy-intensive sector central to the country’s infrastructure growth. Using a balanced panel of listed firms over 2010&n...

(This article belongs to the Section Business and Entrepreneurship)
  • Article
  • Open Access
3 Citations
5,847 Views
18 Pages

The new financial standards, IFRS S1 and S2, have not only modified the way financial reporting is presented to diverse stakeholders but have also increased uncertainty. These changes make traditional valuation methods inadequate. This article propos...

(This article belongs to the Collection Financial Accounting)
  • Article
  • Open Access
1 Citations
2,218 Views
25 Pages

Committee Diversity Effect on Corporate Investment Risk Practices

  • Chung-Chieh Li,
  • John Sands,
  • Lyn Daff,
  • Adam G. Arian and
  • Richard Busulwa

Background: This study examines how diversifying committees influence corporate investment risk practices, specifically in decision-making and resource allocation strategies. Previously, board diversity was commonly used in studies, but committee div...

(This article belongs to the Section Sustainability and Finance)
  • Article
  • Open Access
5 Citations
6,830 Views
34 Pages

Corporate Governance and Tax Avoidance: Evidence from Greek Service-Sector Firms

  • Vasileios Giannopoulos,
  • Maria Vlachakou,
  • Spyridon Kariofyllas and
  • Ilias Makris

This study investigates the relationship between corporate governance mechanisms and tax avoidance in Greek service-sector firms over the period 2014–2023. Using panel data, the analysis evaluates the influence of board characteristics, audit c...

(This article belongs to the Section Business and Entrepreneurship)
  • Article
  • Open Access
1,934 Views
19 Pages

This study examines the influence of institutional pressures and personal attributes on the perceived importance of financial reporting among micro-entrepreneurs in Malaysia. Survey data from 194 micro-entrepreneurs were analyzed using ordinary least...

(This article belongs to the Collection Financial Accounting)
  • Article
  • Open Access
2 Citations
2,584 Views
30 Pages

This study explores how firms’ strategic orientations—operational efficiency, customer intimacy, and product innovation—along with corporate social responsibility (CSR) disclosure, influence investment efficiency in emerging markets...

(This article belongs to the Special Issue The Economics of Corporate Social Responsibility and Financial Innovation)
  • Systematic Review
  • Open Access
11 Citations
4,237 Views
26 Pages

Sustainability Practices, Corporate Value, and Financial Risk: Is There an Academic Consensus? A Systematic Bibliometric Review

  • Felippe Aparecido Cippiciani,
  • José Roberto Ferreira Savoia,
  • Frédéric de Mariz and
  • Daniel Reed Bergmann

This study presents a systematic review and bibliometric analysis of the relationship between sustainability practices—commonly framed within the environmental, social, and governance (ESG) framework—and both corporate value creation and...

(This article belongs to the Section Applied Economics and Finance)
  • Article
  • Open Access
10 Citations
4,270 Views
23 Pages

This study investigates how Corporate Social Responsibility (CSR) influences financial performance in the Middle Eastern banking sector through the mediating roles of corporate reputation, employee engagement, and innovation orientation. Drawing on s...

(This article belongs to the Special Issue Sustainability and CSR in Financial Management: Strategies and Risk Implications)
  • Article
  • Open Access
1,576 Views
22 Pages

We use unique hand-collected data to conduct an initial examination of the relationship between the information in dividend decreases and proxies of chief executive officer (CEO) entrenchment. The evidence suggests that CEO entrenchment weakens the n...

(This article belongs to the Section Financial Markets)
  • Article
  • Open Access
3 Citations
4,321 Views
24 Pages

This study examines links between global financial stress and cryptocurrency returns from 1 January 2017 to 31 January 2025, while explicitly accounting for commodity markets. We use an econometric toolkit: unit-root and cointegration testing, ARDL b...

(This article belongs to the Special Issue The Future of Money: Central Bank Digital Currencies, Cryptocurrencies and Stablecoins, 2nd Edition)
  • Article
  • Open Access
1,951 Views
16 Pages

Founder CEOs and Utility Firms’ Financial Choices

  • Md Asif Ul Alam,
  • Md Maruf Ul Alam and
  • Toufiq Nazrul

Founder CEOs lead a significant number of public U.S. firms, and these firms often differ from other firms led by non-founder CEOs in terms of various important firm characteristics. In our paper, we investigate the financial choices of founder-CEO-l...

(This article belongs to the Special Issue Research on Corporate Governance and Financial Reporting)
  • Article
  • Open Access
2 Citations
5,682 Views
16 Pages

Sustainable investing has grown rapidly, but it remains unclear whether actively managed sustainable funds outperform passive ones. This study compares the performance of high-sustainable active U.S. equity mutual funds and their index peers from Sep...

(This article belongs to the Section Financial Markets)

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J. Risk Financ. Manag. - ISSN 1911-8074