Gupta, Manu; Prakash, Puneet; Rangan, Nanda - In: The Geneva Papers on Risk and Insurance - Issues and … 37 (2012) 1, pp. 108-124
This study examines the recent, significant growth in the appointments of Chief Risk Officers (CROs), the role of a CRO, and whether such appointments benefit shareholders. We find that the market is more likely to react positively to a CRO appointment for a firm with weak corporate governance....
