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The Essence of Enterprise Risk Management in Today’s Business Enterprises in Developed and Developing Nations

Author

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  • Subhani, Muhammad Imtiaz
  • Osman, Ms. Amber

Abstract

Risk as expected is not that fearsome matter, although it may keep management awake at night; revenue would not be possible without it. Enterprise Risk Management at basics is broadly portrayed as structure of handling and managing risk across an organization. The key concern of this research is to investigate the ERM. The findings highlight that there are very few enterprises from developing nations which are into ERM while the developed nations’ enterprises are huskily and vigorously involved in it and this gap is due to the lack of awareness and serious concerns for value maximization of enterprise share holders in developing nations.

Suggested Citation

  • Subhani, Muhammad Imtiaz & Osman, Ms. Amber, 2011. "The Essence of Enterprise Risk Management in Today’s Business Enterprises in Developed and Developing Nations," MPRA Paper 34760, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:34760
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    File URL: https://mpra.ub.uni-muenchen.de/34760/1/MPRA_paper_34760.pdf
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    References listed on IDEAS

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    1. Christine M. Cumming & Beverly Hirtle, 2001. "The challenges of risk management in diversified financial companies," Economic Policy Review, Federal Reserve Bank of New York, issue Mar, pages 1-17.
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    Cited by:

    1. Nida Tariq, 2012. "A Comparative Study on Bank’s Profitability before, during and after Crises," South Asian Journal of Management Sciences (SAJMS), Iqra University, Iqra University, vol. 6(1), pages 12-17, Spring.

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    More about this item

    Keywords

    Risk; Enterprise Risk Management; Financial Institutions; Developed Nations; Developing Nations;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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