Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/31060
Title: Risk assessment in the context of internal audit in Greek listed companies at Athens stock exchange
Authors: Harissis, Harilaos F.
Makrivogiatzakis, George E.
Arvanitis, Stavros E.
Keywords: Stock exchanges -- Greece
Risk management -- Greece
Auditing -- Standards
Auditing -- Greece
Auditing, Internal -- Greece
Issue Date: 2013
Publisher: Eleftherios Thalassinos
Citation: Harissis, H. F., Makrivogiatzakis, G. E., & Arvanitis, S. E. (2013). Risk assessment in the context of internal audit in Greek listed companies at Athens stock exchange. International Journal of Economics & Business Administration, 1(1), 14-37.
Abstract: The objective of this paper is to highlight the strength of risk assessment within the framework of internal audit and the value could be added to modern enterprises, through its role, as a major component in modern corporate governance. Reviewing literature we concluded in applying four logistic models (logit regression), using three sets of variables for fiscal year 2010. According to our estimations, risk assessment within the framework of internal audit is positively affected by the existence of a risk management committee, the board of directors' size, the percentage of non-executive members of the board, compliance risk and environmental and security risk. These findings are partially consistent with literature. In addition, it is not affected by any other kind of risk, entity’s size or subsidiaries and affiliated companies which do not match with literature. Possible explanatory factors could be either, that Greek Listed companies may be staffed with law skilled executives, or the rapid fall of the index in Athens Stock Exchange, after global recession of 2008. As far as we know there is no other research for Greek firms in risk assessment within the framework of internal audit. So, this paper contributes to research in this field.
URI: https://www.um.edu.mt/library/oar//handle/123456789/31060
ISSN: 23817356
Appears in Collections:IJEBA, Volume 1, Issue 3

Files in This Item:
File Description SizeFormat 
Risk_Assessment_in_the_Context_of_Internal_Audit_in_Greek_Listed_Companies_2013.pdf501.71 kBAdobe PDFView/Open


Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.