Mark Beasley, professor of accounting; Nathan Goldman, assistant professor of accounting; and Christina Lewellen, assistant professor of accounting, collaborated on research that indicates a strong board involvement in a company enterprise risk management can help companies find the balance of risk and reward in terms of tax-planning decisions.
“Its focus is not on indiscriminate risk minimization but on identifying and understanding the company’s portfolio of risks so that management and the board can make sound strategic decisions that balance various risks against the pursuit of growth,” said the research team that also includes Michelle McAllister, assistant professor at Northern Arizona University.
Read more on Harvard Business Review.
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