Schmalenbach Z Betriebswirtsch Forsch. 2020 Aug 07;1-42. doi: 10.1007/s41471-020-00096-z. Epub 2020 Aug 07.
Schmalenbachs Zeitschrift fur betriebswirtschaftliche Forschung = Schmalenbach journal of business research
[Article in German] Günter Franke
PMID: 34764536 PMCID: PMC7411330 DOI: 10.1007/s41471-020-00096-z
The management of non-financial risks such as ESG-, sustainability- and compliance risks poses a great challenge for companies. In contrast to financial risks the information on non-financial risks is very limited. This renders management quite difficult. Companies incurred big losses due to non-financial risks in recent years. Corporate governance of these risks raises many unresolved questions. This paper delineates potential answers and hypotheses about the impact of information quality. Practitioners complain about the lack of support from academia. A cooperation of practitioners and academics to resolve these questions presents attractive research fields for academia. Thus, this paper also presents a research agenda for academia.
© The Author(s) 2020.
Keywords: Corporate governance challenges; Information quality; Non-financial risks; Research agenda
