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Risk Management in Financial Firms

Risk Management in Financial Firms is a research topic within Accounting. Science Explorer counts 16k research works in it since 1953. 10.2% of them reached the world's top 10% most cited for their field and year.

This cluster of papers focuses on the various aspects of enterprise risk management, including the use of derivatives, hedging strategies, exchange rate exposure, firm value implications, corporate governance influence, and financial risk assessment. The research explores the relationship between risk management practices and firm performance in the context of finance and business operations.

  • Derivatives
  • Hedging
  • Exchange Rate Exposure
  • Firm Value
  • Corporate Governance
  • Financial Risk
  • Enterprise Risk Management
  • Foreign Currency Derivatives
  • Operational Hedging
  • Risk Measurement
Research works
16k
fractional, since 1953
In the world top 10%
1.7k
per year above
Top-10% rate
10.2%
share of its works in the world top 10%
Growth, 2018-21 → 2022-25
+15%
the tick is no change
Largest producer
China
24% of the 10 largest, 2022-now
Risk Management in Financial Firms

Which countries lead Risk Management in Financial Firms research?

By volume, China and the United States publish the most (514 and 391 works in 2022-now).

By volume, 2022-now

  1. 1 China 514 works
  2. 2 United States 391 works
  3. 3 Indonesia 328 works
  4. 4 India 224 works
  5. 5 United Kingdom 137 works
  6. 6 Nigeria 130 works
  7. 7 Türkiye 126 works
  8. 8 Malaysia 92 works
  9. 9 Brazil 84 works
  10. 10 Poland 75 works

How concentrated that is

The same countries as shares of everything the list above accounts for. A node where two countries do two thirds of the work and one spread evenly across twelve read alike as a ranking and not at all alike here.

China: 24.5%United States: 18.6%Indonesia: 15.6%India: 10.7%6 others listed: 30.7%24%largest
China514 · 24.5%United States391 · 18.6%Indonesia328 · 15.6%India224 · 10.7%6 others listed645 · 30.7%

Shares of the rows listed above, not of the whole node.

Which institutions lead Risk Management in Financial Firms research?

By volume in 2022-now, University of Indonesia publishes the most Risk Management in Financial Firms research, followed by Bucharest University of Economic Studies and Universiti Teknologi MARA.

By volume, 2022-now

  1. 1 University of IndonesiaIndonesia 24 works
  2. 2 Bucharest University of Economic StudiesRomania 16 works
  3. 3 Universiti Teknologi MARAMalaysia 15 works
  4. 4 Islamic Azad University, TehranIran 14 works
  5. 5 Jomo Kenyatta University of Agriculture and TechnologyKenya 12 works
  6. 6 Nigerian Defence AcademyNigeria 11 works
  7. 7 Kenyatta UniversityKenya 10 works
  8. 8 University of JohannesburgSouth Africa 10 works
  9. 9 Central University of Finance and EconomicsChina 10 works
  10. 10 National University of MalaysiaMalaysia 9 works

Who are the leading researchers in Risk Management in Financial Firms?

The most-cited researchers publishing on Risk Management in Financial Firms include Jun Wang, Michael C. Jensen and David F. Larcker.

  1. 1 Jun Wang China 340k citations
  2. 2 Michael C. Jensen United States 203k citations
  3. 3 David F. Larcker United States 197k citations
  4. 4 Robert F. Engle United States 139k citations
  5. 5 David J. Teece United States 130k citations

Ranked by citations received across their whole record, among researchers with at least three works on this topic.

What are the most cited papers in Risk Management in Financial Firms?

The most cited paper in Risk Management in Financial Firms is "Coherent Measures of Risk" (Philippe Artzner, Freddy Delbaen, Jean‐Marc Eber et al., 1999), with 9,137 citations. Next come "Auditor size and audit quality" (5,960) and "Audit committee, board of director characteristics, and earnings management" (4,577).

Most cited papers
#PaperReleasedCitations
1 Coherent Measures of Risk Philippe Artzner, Freddy Delbaen, Jean‐Marc Eber et al. · Mathematical Finance Open access Jul 1999 9,137
2 Auditor size and audit quality Linda DeAngelo · Journal of Accounting and Economics Dec 1981 5,960
3 Audit committee, board of director characteristics, and earnings management April Klein · Journal of Accounting and Economics Open access Aug 2002 4,577
4 The market for corporate control Michael C. Jensen, Richard S. Ruback · Journal of Financial Economics Apr 1983 4,255
5 Measuring Geopolitical Risk Dario Caldara, Matteo M. Iacoviello · American Economic Review 31 Mar 2022 3,687
All 99 most cited papers, with filters and sorting

Where is Risk Management in Financial Firms research done?

The largest centres of Risk Management in Financial Firms research in 2022-now are Beijing (China), Jakarta (Indonesia), London (United Kingdom) and Shanghai (China). Among places with at least 20 works in it, it is an unusually large share of all research in Nairobi.

Largest cities, 2022-now

  1. 1 BeijingChina 86 works
  2. 2 JakartaIndonesia 64 works
  3. 3 LondonUnited Kingdom 37 works
  4. 4 ShanghaiChina 37 works
  5. 5 NairobiKenya 35 works
  6. 6 MoscowRussia 32 works
  7. 7 BandungIndonesia 30 works
  8. 8 WuhanChina 28 works
  9. 9 IstanbulTürkiye 26 works
  10. 10 DepokIndonesia 26 works

Where it is the local speciality

  1. NairobiKE · 35.2 works12×
← less than its size predicts1×more →

Location quotient: how much more of its research is in Risk Management in Financial Firms than the world average.

See Risk Management in Financial Firms on the map

Where is the best place to study Risk Management in Financial Firms?

Among universities, judged by research, Nigerian Defence Academy, University of Indonesia and National University of Malaysia score highest, combining citation excellence, specialisation, size, growth and international reach. Research strength is one signal when choosing where to study; it does not measure teaching.

0%20%40%mean 10.67%fractional works in this field (log) →share of work in the world top 10% →Nigerian Defence Aca…National University …Universiti Teknologi…University of Indone…
above the meannear itbelow it

One dot per university in the first ten of the table below, at the default weights. The upper left is the interesting corner: small places doing unusually strong work.

Citation excellenceshare of its work in the world top 10%, 2022-now and all time averaged
40%
Specialisationhow much of its work is in this field, counted up to 10× the world share
10%
Sizeits output in this field, on a log scale
30%
Growthoutput growth, counted from -20% to +20%
10%
Internationalshare of its work with a co-author abroad
10%
Each slider sets a weight; the share it gets of the score is beside it.
#UniversityScoreTop 10%SpecialisationWorksGrowth
1Nigerian Defence AcademyNigeria 69.730.0%82.6×11 +264.1%
2University of IndonesiaIndonesia 52.13.2%6.7×24 +91.9%
3National University of MalaysiaMalaysia 49.914.7%4.7×10 +92.6%
4Universiti Teknologi MARAMalaysia 48.78.5%6.3×15 +8.6%
5Central University of Finance and EconomicsChina 43.912.7%29.5×10 +120.6%
6University of JohannesburgSouth Africa 43.86.8%5.4×10 +58.3%
7Bucharest University of Economic StudiesRomania 40.910.1%30.4×16 -30.1%
8Southwestern University of Finance and EconomicsChina 35.910.8%20.1×9 -
9Kenyatta UniversityKenya 32.30.7%24.5×10 +50.0%
10University of South AfricaSouth Africa 29.89.2%6.3×8 +0.3%

Universities only. The score blends citation excellence (40%), size (30%), specialisation (10%), growth (10%), international reach (10%), 2022-now; growth compares 2018-21 with 2022-25 and counts up to +20%, since a jump from a small base is mostly noise.

Every institution in Risk Management in Financial Firms, country by country

Is Risk Management in Financial Firms research growing?

Output in 2022-2025 was 15% higher than in 2018-2021, peaking in 2024. The fastest-growing topics are Risk Management in Financial Firms.

still counting19801990200020102020
grewheldshrank

The same series as a ribbon: one cell per year, darker for more. The line above answers how much; this answers when.

Its share of all research

Growing output can still be a shrinking share: all of science grows. This is Risk Management in Financial Firms as a percentage of every work published that year, 0.016% in 2024.

still counting0.010%0.020%0.030%Risk Management in Financial Firms0.014% in 202519801990200020102020

Fractional works of Risk Management in Financial Firms over all fractional works that year. How the balance of science has shifted.

How much of it reaches the world top 10%

Year by year.

still counting5%10%15%Risk Management in Financial Firms10.8% in 2025200020102020

Of each year's works in it, the share that reached the world's 10% most cited for their field and year. A field is the world for its own topics, so there is no other line to hold it against.

Which topics inside it are moving

Growth and decline on one axis around a shared zero. Two lists side by side hide the thing that matters: whether the growth dwarfs the decline, or the other way round.

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