Authors: Nida Türegün
Addresses: School of Applied Sciences, Ozyegin University, Nişantepe Mah. Orman Sok. 34794 Çekmeköy, İstanbul, Turkey
Abstract: The aim of this study is to assess, understand and discuss risk-taking within business sphere from an accounting perspective. The core focus is on creating a bridge of literature between the past and present studies understanding the need to undertake risk. The discussion in the paper has helped in presenting critical acclaim to the work of research and assessment which was undertaking by auditors, financial professionals and business researchers. The theory has successfully backed up the practice of risk management which allows and motivates business owners to create value for its stakeholders and investors. The study also proves that that accounting information plays a crucial role in presenting transparency and security for investors. The use of the findings of this paper could assist to come up with the necessary measures that would improve risk management and also establish the appropriate accounting implementation.
Keywords: risk taking; risk management; accounting; corporate governance; value creation.
International Journal of Critical Accounting, 2020 Vol.11 No.4, pp.318 - 331
Received: 04 Feb 2020
Accepted: 21 Apr 2020
Published online: 14 Oct 2020 *