Understanding Corporate Risk : A Study of Risk Measurement, Disclosure and Governance

This book proposes three normative frameworks pertaining to risk-measurement, disclosure and governance using expert opinion and data from the top 429 non-financial companies (of the NIFTY 500 index) over a 10-year period. The book offers a novel contribution to the global literature on disclosure quality by presenting a composite measure of the quality as well as quantity of risk disclosures. Focusing on the quality of risk disclosures and risk governance structures, and using sophisticated methodology to tackle the issue of endogeneity, the book explores the important yet uncharted confluence of accounting information, risk and corporate governance. It addresses the interplay between three facets of risk, and is corroborated by practitioners’ perspectives as well as case studies. It is an excellent resource for practitioners, professionals and policy-makers, in addition to researchers working on the topic.               

M.V. Shivaani is an Assistant Professor in the area of accounting and finance at the Indian Institute of Management (IIM) Nagpur. She obtained her Ph.D. from the Department of Management Studies, Indian Institute of Technology (IIT) Delhi. She is a Chartered Accountant (ICAI) by profession and has presented her research at various  international conferences. She was awarded best paper/presentation award at International Conference on Applied Economics and Management Sciences, Spain and International Conference on Sustainable Growth & Innovation & Revolution in the New Millennium. She has published in journals of national and international repute. She has also been a part of research team to Indian Scientific Expedition to Antarctica. 

Surendra S. Yadav is a Professor of Finance at the Department of Management Studies, Indian Institute of Technology (IIT) Delhi, where he was the Head of the Department of Management Studies for six years. He teaches corporate finance, international finance, international business, and security analysis and portfolio management. He has been a Visiting Professor at the University of Paris, Paris School of Management, INSEEC Paris, and the University of Tampa, USA. He has published 12 books (some of them with Springer) and contributed more than 230 papers to research journals and conferences as well as over 30 papers to financial/economic newspapers. He is the editor-in-chief of the Journal of Advances in Management Research (JAMR) published by Emerald Publishing, UK.