The relationship between existence of an independent risk committee and the performance of companies, a case study of the oil products industry, coke, nuclear fuels and chemical products in the stock market

Alimoradi, Abbas; Poursadooghi, Mohsen

doi:10.22034/iaas.2025.508383.1682

The relationship between existence of an independent risk committee and the performance of companies, a case study of the oil products industry, coke, nuclear fuels and chemical products in the stock market

Articles in Press

Document Type : Original Article

Authors

Abbas Alimoradi ¹

Mohsen Poursadooghi ²

¹ Department of Accounting and Finance- Petroleum Faculty of Tehran- Petroleum University of Technology- Tehran Iran

² Master of Finance, Accounting and Finance Department, Tehran Petroleum Faculty, Petroleum University of Technology, Tehran, Iran

10.22034/iaas.2025.508383.1682

Abstract

The changes in the business environment have caused the risk committee to have a different attitude than in the past. The purpose of the current research is to examine the relationship between existence of an independent risk committee and the performance of companies, A case study of the industry of petroleum products, coke, nuclear fuels and chemical products in the stock market. In this regard, previous researches have published different and sometimes contradictory results. The statistical population of this research includes 32 companies active in the industry of petroleum products, coke, nuclear fuels and chemical products in the stock market, which has been accepted for more than a year in the Tehran Stock Exchange and Securities Organization. Multiple regression has been used to investigate the relationship between the independent variable (independent or combined risk committee) and the dependent variable (company performance) after standardizing the data. The results of this research show that the use of an independent risk committee has a significant and positive relationship with the performance of companies. Based of findings of this research, it can be concluded that in judging the contradictory results of previous research in this regard, we could take the side of the research that reported a direct relationship between the independent risk committee and performance.

Keywords

Independent risk committee

Combined risk committee

Q Tobin index

Asset return index

Subjects