Hussin, Mohd Rasid and Yazid, Ahmad Shukri (2011) The Influence of Managers' Characteristics on Risk Management Practices: Evidence from Malaysian Public Listed Companies (PLCs). In: 2nd International Soft Science Conference (ISSC), 23-25 November 2011, Oscar Saigon Hotel, Ho Chi Minh, Vietnam. (Unpublished)

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Abstract

The field of risk management as a dynamic scientific discipline and a structured response to risk has become increasingly important among businesses and industries worldwide. In this context, the Malaysian industry and commerce is no exception. However, the literature in this area of specialization is still lacking amongst developing countries including Malaysia. This particular study aims at examining how the managers' characteristics could influence the way they manage risk for their companies/ organizations. Based on a survey done on Chief Executive Officers (CEOs) of Public Listed Companies in the Malaysian Bourse, some interesting and important findings were revealed. First, younger and junior CEOs appear to be more pro-active and more willing to take risks while the older or senior ones were more risk averse and more conservative in their approach and risk decision-making especially. Second, experienced CEOs differed significantly from others in their overall perception of risk especially with regard to financial risk. Third, surprisingly, the Malay CEOs were found to be much more concerned in respect of financial risks compared to their Chinese counterparts. The overall results provide a new insight into the managers' traits and relationship with the way they perceive and manage the various potential risk exposures facing their companies and organizations.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	organized by Research Innovation Management Centre (RIMC) Universiti Utara Malaysia (UUM)
Uncontrolled Keywords:	risk management, managers' traits, public listed companies
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Divisions:	College of Business
Depositing User:	Mrs Nurin Jazlina Hamid
Date Deposited:	01 Feb 2023 00:19
Last Modified:	01 Feb 2023 00:19
URI:	https://repo.uum.edu.my/id/eprint/29130

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