White Paper

Chief Risk Officers and Firm Value

May 16, 2019

What type of impact do chief risk officers really have on the bottom line? Aldy Fernandes da Silva, Vinicius Brunassi Silva, Joelson Oliveira Sampaio and Juliano Silva use empirical data from the insurance industry to analyze how the influence and reporting of the chief risk officer (CRO) – and the incentives to compensate him or her – contribute to firm value.