Open research questions in Risk Management in Financial Firms
75 gap statements mined from Risk Management in Financial Firms papers in our 4.5M-paper local library, which holds 1,176 papers on the topic — drawn mostly from each paper's own stated research gap, future-work, challenge and limitation notes, and its abstract. The ones listed below are a selection still marked open; each names the study that raised it, with a DOI link where the paper has one.
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What the literature leaves open
Given that interest rate risk showed a positive and significant relationship with profitability, companies should develop sound financial strategies to take advantage of favourable interest rate movements. Firms should maintain a balanced capital structure and carefully manage their borrowing and investment decisions to optimize returns during periods of interest rate fluctuations.
655 including limited knowledge and training, inadequate leadership support, communication factors, resource limitations, and organisational culture.
Exploring Factors Affecting Risk Management Effectiveness in the Department of Employment and Labour: A Western Cape Provincial Perspective · 2026 · DOIThe study also identifies a gap in the understanding of how organizations can adopt dynamic risk assessment tools to accommodate changing circumstances.
Adaptive risk assessment: How massive disruption moderates risk propensity and organisational risk management strategies—lessons from COVID-19 · 2026 · DOIThe upcoming research should investigate how artificial intelligence and other technological advancements change risk management processes. The study recommends conducting comparative research among different government departments.
Investigating the role of risk management in enhancing service delivery at the department of employment and labour · 2026 · DOIManaging ESG risks is a challenge for companies, particularly those with high leverage. Companies face operational costs and reputational risk due to high ESG risk. Investors face difficulties in making informed investment decisions due to limited ESG risk disclosure.
The Effect of ESG Risk Rating on Corporate Profitability: The Role of Firm Size and Leverage as Moderating Variables · 2026 · DOIThe need to integrate risk considerations into strategic decision-making.
Transformation of the Risk Management Role from Second Line to One Point Five Line of Defense in Supporting Corporate Governance, Value Protection, and Value Creation: A Case Study of Implementation in an Indonesian Oil and Gas Company · 2026 · DOIThere is a governance gap when the responsibility to create and protect company value lies with the first line, but it is not equipped with an adequate risk control mechanism from the second line. The traditional Second Line risk management function is often ineffective in influencing business decisions.
Transformation of the Risk Management Role from Second Line to One Point Five Line of Defense in Supporting Corporate Governance, Value Protection, and Value Creation: A Case Study of Implementation in an Indonesian Oil and Gas Company · 2026 · DOIThere is a gap between theoretical implications and empirical evidence of the impact of internal control on management reporting. The study aims to fill this gap by providing empirical evidence on the stabilising role of internal control systems in volatile environments.
Internal Control System as a Factor of Reliability in Management Reporting Under Conditions of Economic Turbulence · 2026 · DOIThe paper highlights the need to consider the peculiarities of agro-industrial enterprises when forming a financial controlling system.
Conceptual principles of forming a system of financial control of agricultural enterprises · 2026 · DOIThe paper highlights the need for a theoretical framework for financial controlling in agro-industrial enterprises.
Conceptual principles of forming a system of financial control of agricultural enterprises · 2026 · DOIThe lack of a comprehensive financial risk management framework in higher vocational colleges. The inadequacy of traditional financial management models in addressing financial risks under industry-education integration.
Risk Prevention in Financial Management at Higher Vocational Colleges against the Background of Industry-Education Integration · 2026 · DOIFuture research should focus on developing more sophisticated crisis-resilient financial planning frameworks for the media industry. It should explore the application of these frameworks in different economic contexts.
Crisis-Resilient Financial Planning: Lessons from Media Industry Operations During Global Economic Disruptions · 2026 · DOIThe media industry lacks a comprehensive understanding of crisis-resilient financial planning. There is a need to develop strategies that can help media organizations maintain operational stability during economic disruptions.
Crisis-Resilient Financial Planning: Lessons from Media Industry Operations During Global Economic Disruptions · 2026 · DOIThe lack of a whole, adapted system of risk indicators for Russian oil and gas enterprises. The need for a transition from reactive to proactive management of economic security.
Formation of a risk indicators system for ensuring economic security of an oil and gas sector enterprise · 2026 · DOIThere is a need to understand the relationship between regulatory compliance and sustainability in rural banks.
Internal Risk Rating System Regulatory Compliance and Sustainability of Rural Banks in Laguna · 2026 · DOIThe study highlights the need for further research on the importance of adopting internal auditing, internal controls, and risk management practices in medium-sized companies in the graphic sector.
Implementação de Práticas de Auditoria, Controles Internos e Gestão de Riscos com Enfoque em Estoque de Uma Empresa de Pequeno-Médio Porte do Setor Industrial Gráfico: um estudo de caso em São Paulo · 2026 · DOIFuture studies can explore the application of discriminant models to other companies and industries. Research can investigate the effectiveness of different discriminant models in evaluating bankruptcy risk. The study's findings can be used as a basis for further research on the impact of macroeconomic conditions on companies' financial conditions.
There is a need to examine the effect of risk management implementation on operational efficiency.
The Effect of Risk Management Implementation on Operational Efficiency in Event Organizers: An Empirical Intervention-Based Study at CV RAP PADUKARYA · 2026 · DOIThe DEL organization requires an all-encompassing risk management system.
Investigating the role of risk management in enhancing service delivery at the department of employment and labour · 2026 · DOIThe disconnect between risk prevention and internal control is currently the primary factor. Weak oversight mechanisms also contribute to barriers between internal control and risk management.
Research on the Synergistic Mechanism of Internal Control and Risk Management in Enterprises · 2026 · DOIThe study has a limited observation period. The study uses a single measure of profitability, Net Profit Margin (NPM). The study only examines the effect of ESG risk on profitability in the context of Indonesian listed companies.
The Effect of ESG Risk Rating on Corporate Profitability: The Role of Firm Size and Leverage as Moderating Variables · 2026 · DOIEconomic turbulence has a significant impact on the reliability of management information. The integration of control and reporting remains challenging due to variations in institutional maturity. The increasing turbulence and entropy of business processes complicate investment decisions.
Internal Control System as a Factor of Reliability in Management Reporting Under Conditions of Economic Turbulence · 2026 · DOIBased on the findings, the following recommendations are made: 1. Even with limited resources, developers can implement basic risk management practices such as maintaining simple risk registers, conducting brief risk reviews at site meetings, and developing contingency plans for top risks.
BARRIERS TO RISK MANAGEMENT ADOPTION AMONG PROPERTY DEVELOPERS IN ABUJA, NIGERIA: A MULTI-DIMENSIONAL EMPIRICAL ANALYSIS · 2026 · DOIThe moderating effect of information technology integration on these relationships is also investigated.
The Effect of Internal Auditor Role, Risk Management Function, and Operational Risk Management Supervision on the Performance of Regional Development Bank (BPD) in the Sumatera Region with Information Technology Integration as a Moderating Variable · 2026 · DOIThe selection of bankruptcy prediction models was adjusted to the limited availability of financial data for the analyzed company. Discriminant models may poorly reflect the financial condition of companies operating in economies other than the one for which it was developed.
Most-cited papers in Risk Management in Financial Firms
- Risk Management: Coordinating Corporate Investment and Financing Policies · The Journal of Finance · 1993 · 2,028 citations
- TESTING A CAUSAL MODEL OF CORPORATE RISK TAKING AND PERFORMANCE. · Academy of Management Journal · 1991 · 1,303 citations
- PERFORMANCE, SLACK, AND RISK TAKING IN ORGANIZATIONAL DECISION MAKING. · Academy of Management Journal · 1986 · 1,218 citations
- Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry · The Journal of Finance · 1996 · 1,016 citations
- A Framework for Integrated Risk Management in International Business · Journal of International Business Studies · 1992 · 734 citations
- Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies · The Journal of Finance · 2013 · 649 citations
- The Value of Enterprise Risk Management · Journal of Risk & Insurance · 2011 · 601 citations
- Financing Policy, Basis Risk, and Corporate Hedging: Evidence from Oil and Gas Producers · The Journal of Finance · 2000 · 528 citations
- ORGANIZATIONAL ACTIONS IN RESPONSE TO THREATS AND OPPORTUNITIES. · Academy of Management Journal · 2001 · 466 citations
- Does a Firm's Product-Recall Strategy Affect Its Financial Value? An Examination of Strategic Alternatives during Product-Harm Crises · Journal of Marketing · 2009 · 421 citations
Most recent work
- Country-level reference point and MNE subsidiary risk-taking behavior · Journal of International Management · 2026
- The Role of National Culture in ESG Risk Management: Empirical Evidence From STOXX Europe 600 · Corporate Social Responsibility and Environmental Management · 2026
- Exploring the relationship between internationalization and enterprise risk management: a virtuous cycle? · Management Decision · 2026
- Transformation of the Risk Management Role from Second Line to One Point Five Line of Defense in Supporting Corporate Governance, Value Protection, and Value Creation: A Case Study of Implementation in an Indonesian Oil and Gas Company · Journal Of Social Research · 2026
- Metrics of Management Effectiveness: Decision-Making in Enterprises During Crisis Periods · Journal of Applied Economic Sciences (JAES) · 2026
- Optimizing firm value: insights from the Indonesian banking sector · Journal of Economic and Administrative Sciences · 2026
- Role Of The Leader On The Effectiveness Of Operational Risk Management At The Commercial Bank: The Case Of Vietnam · Review of Pacific Basin Financial Markets and Policies · 2026
- EFFECT OF FINANCIAL RISK ON PROFITABILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA · Zenodo (CERN European Organization for Nuclear Research) · 2026
- Exploring Factors Affecting Risk Management Effectiveness in the Department of Employment and Labour: A Western Cape Provincial Perspective · International Journal of Applied Research in Business and Management · 2026
- Financial Analysis and Bankruptcy Risk Identification Model Used by Companies Operating in Poland – Empirical Study Results · European Journal of Marketing and Economics · 2026
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