加拿大注冊會(huì)計(jì)師CGA在國際上的知名度已經(jīng)越來越高，湖南同學(xué)怎么還能不了解CGA-AGRC的研究結(jié)果呢？
 
　　CGA-Canada Accounting and Governance Research Centre (CGA-AGRC)
　　CGA-Canada supports, through a gift agreement, research conducted by the CGA-AGRC at the Telfer School of Management. The grant is provided for the year 2012-13 to fund research activities in the area of corporate governance, risk management, business and finance.
 
　　Recent Research
 
　　July 2014
　　Firms with more effective boards are more likely to disclose climate change risks
　　Effective corporate governance positively influences the likelihood and quality of voluntary climate change disclosures as it ensures a greater alignment of directors’ and shareholders’ interests. The public disclosure of greenhouse gas emissions requires an operational commitment to track emissions and can be seen as a first step towards the recognition and reduction of the firms’ carbon footprint.
 
　　February 2014
　　Board characteristics, rather than governance indices, are more successful in predicting the costs of financing of Canadian firms
　　Individual characteristics of corporate boards are more effective than governance indices in gauging the governance quality of Canadian publicly traded companies, as they are better able to explain the costs of financing of those firms. The higher quality governance is associated with a firm’s reduced exposure to market risk and should promote lower costs of financing.
 
　　July 2013
　　Higher reported enterprise risks are not predictive of weaker business performance
　　The level of disclosed risks does not appear to predict a company’s business performance. While firm performance changed radically during the 2008 financial crisis and economic recession, only minor increases in the disclosed risk exposure, risk consequences and risk management strategies were identified in companies’ annual reports published in 2007 and 2008.
 
　　January 2013
　　The effect of the financial crisis on enterprise risk management disclosures
　　The 2008 financial crisis had little impact on the risk disclosures of Canadian firms provided around the same period. Investors examining risk disclosures of major non-financial Canadian firms in 2008 would have been at a loss to find signs of a financial crisis. The research findings highlight the need to pay closer attention to the quality of risk disclosures.
 
　　Visit the CGA-Canada Accounting and Governance Research Centre at: www.cga-agrc.com
 
　　高頓網(wǎng)校小編寄語：世人缺乏的是毅力，而非氣力。