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A Strategic Framework For Value Enhancing Enterprise Risk Management

Author

Listed:
  • Lai Fong Woon

    (Universiti Teknologi Petronas)

  • Noor Azlinna Azizan

    (Universiti Malaysia Pahang)

  • M. Fazilah Abdul Samad

    (University of Malaya)

Abstract

Enterprise risk management (ERM) is a new management concept fast ascending the corporate agenda globally. Its relevancy and popularity as a management technique are abetted by the changing business practices and burgeoning regulatory requirements on risk management. The shift in paradigm in heightened risk awareness in the wake of several high profile and deep impact corporate governance scandal and financial mismanagement cases as well as increased terrorist threat on the physical assets of firms has compelled firms to be more pro-active in addressing risk issues

Suggested Citation

  • Lai Fong Woon & Noor Azlinna Azizan & M. Fazilah Abdul Samad, 2011. "A Strategic Framework For Value Enhancing Enterprise Risk Management," Journal of Global Business and Economics, Global Research Agency, vol. 2(1), pages 23-47, January.
    • Handle: RePEc:grg:01biss:v:2:y:2011:i:1:p:23-47
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    References listed on IDEAS

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    Cited by:

    1. Mihaela Brindusa Tudose & Valentina Diana Rusu, 2018. "Analysis Of The Effects Of Financing And Risk Management On The Value Of Firms Listed On The Bucharest Stock Exchange," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 44-58, April.
    2. Chris O Udoka & Akaninyene Billy Orok, 2017. "Assessment of the Enterprise Risk Management (ERM) in the Nigerian Banking Industry," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 4(2), pages 68-74.
    3. Sanmugam Annamalah & Murali Raman & Govindan Marthandan & Aravindan Kalisri Logeswaran, 2018. "Implementation of Enterprise Risk Management (ERM) Framework in Enhancing Business Performances in Oil and Gas Sector," Economies, MDPI, vol. 6(1), pages 1-12, January.
    4. Ai Ping Teoh & Kaih Yeang Lee & Rajendran Muthuveloo, 2017. "The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance," International Review of Management and Marketing, Econjournals, vol. 7(1), pages 222-229.
    5. Vincent Y. Chang, 2019. "Does reinsurance purchasing enhance insurers’ competitiveness? Evidence from the U.S. property–liability insurance industry," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(4), pages 595-623, October.
    6. Muhammad Kashif Shad & Fong-Woon Lai, 2021. "Enterprise Risk Management Implementation and Firm Performance: Evidence from the Malaysian Oil and Gas Industry," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(9), pages 1-47, July.

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    More about this item

    Keywords

    Enterprise Risk Management; Value Proposition; Strategic Risk Premium;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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