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Enterprise Risk Management Measurement Method

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  • Juthamon Sithipolvanichgul

    () (University of Ediburgh)

Abstract

Enterprise Risk Management (ERM) is seen as an holistic approach to ensure a good risk management strategy for companies to help minimise potential pitfalls and improve long term business sustainability. However questions still arise whether ERM implementation impacts on a firm's performance. Past studies have shown no consensus that ERM does increase firm performance as advocated by regulators and business advisors. So the issue exists as to whether ERM implementation has been adequately assessed. An alternative measurement of ERM implementation is proposed. The measurement is based on standardised integrative scoring. The relationship between the proposed measurement and firm performance is then considered taking account of appropriate control variables. Using data from the Thailand Stock Exchange it was found implementing ERM can improve firm performance in term of Tobin's Q, ROE and ROA.

Suggested Citation

  • Juthamon Sithipolvanichgul, 2016. "Enterprise Risk Management Measurement Method," Proceedings of International Academic Conferences 3605462, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:3605462
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    File URL: https://iises.net/proceedings/23rd-international-academic-conference-venice/table-of-content/detail?cid=36&iid=084&rid=5462
    File Function: First version, 2016
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    Keywords

    Enterprise Risk Management; Risk Management; Risk Organisation; Holistic Strategic; Firm Performance;

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