The Essence of Enterprise Risk Management in Today’s Business Enterprises in Developed and Developing Nations
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.
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- Cumming, Christine & Hirtle, Beverly, 2001.
"The challenges of risk management in diversified financial companies,"
Journal of Financial Transformation,
Capco Institute, vol. 3, pages 89-95.
- 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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