Clustering Model to Classify Firms According to their Management and Risk Management Practices from a Financial Perspective Societies' Risk Control: A Financial Clustering model for Classification
(Pages 180-188)Valeria Orostiga Lazo1 and Felipe Lillo2,*
1Facultad Ciencias Sociales y Económicas, Universidad Católica del Maule, Talca, Chile.
2Facultad Ciencias Básicas, Universidad Católica del Maule, Talca, Chile.
DOI: https://doi.org/10.55365/1923.x2024.22.21
Abstract:
Corporate governance practices for risk control and management are constituted as a self-regulation system at the organizational level in order to contribute to strategic, operational, and fulfillment objectives. The main research objective was to characterize companies depending on their degree of adoption for corporate governance practices with regards to their financial results during the 2020c-2022 triennium via classification algorithms. Our findings were that the level of adoption is still incipient for the subcategories under consideration, and that the overall data set was divided into three clearly defined groups, with significant differences in adoption level as well as financial performance.
Keywords:
Corporate governance, financial performance, risk mitigation.
How to Cite:
Valeria Orostiga Lazo and Felipe Lillo. Clustering Model to Classify Firms According to their Management and Risk Management Practices from a Financial Perspective Societies' Risk Control: A Financial Clustering model for Classification. [ref]: vol.22.2024. available at: https://refpress.org/ref-vol22-a21/
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