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Ten Common Misconceptions About Enterprise Risk Management

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  • John R. S. Fraser
  • Betty J. Simkins

Abstract

A well-designed and carefully executed ERM program can increase firm value by strengthening the confidence of investors in management's ability to carry out its business plan-and, perhaps equally important, the rating agencies' confidence in the company's ability to meet its debt service-under most foreseeable circumstances. While only about 10% of companies responding to recent surveys claim to have achieved successful implementations of ERM, the authors begin by arguing that even these claims overstate the degree of progress in establishing truly enterprise-wide systems. In their view, there are a large number of common misconceptions about both the approach and the process that have become obstacles to successful implementation. 2007 Morgan Stanley.

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  • John R. S. Fraser & Betty J. Simkins, 2007. "Ten Common Misconceptions About Enterprise Risk Management," Journal of Applied Corporate Finance, Morgan Stanley, vol. 19(4), pages 75-81.
  • Handle: RePEc:bla:jacrfn:v:19:y:2007:i:4:p:75-81
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    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1745-6622.2007.00161.x
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    Cited by:

    1. Fraser, John R.S. & Simkins, Betty J., 2016. "The challenges of and solutions for implementing enterprise risk management," Business Horizons, Elsevier, vol. 59(6), pages 689-698.

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