Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms

Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms

Enterprise risk management (ERM) has become an important phenomenon to many firms. In this paper, we examine how ERM programs, particularly in risk assessment and corporate governance, impact firm performance. Our study focuses on 661 nonfinancial firms listed on the Kuala Lumpur Stock Exchange to f...

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Main Authors: Shahrin, Aidil Rizal, Ibrahim, Abdul Hakam
Format: Article
Published: Incisive Media 2021
Subjects:
HF Commerce
Business
Online Access:http://eprints.um.edu.my/35295/
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Institution: Universiti Malaya
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spelling my.um.eprints.352952022-10-17T03:12:36Z http://eprints.um.edu.my/35295/ Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms Shahrin, Aidil Rizal Ibrahim, Abdul Hakam HF Commerce Business Enterprise risk management (ERM) has become an important phenomenon to many firms. In this paper, we examine how ERM programs, particularly in risk assessment and corporate governance, impact firm performance. Our study focuses on 661 nonfinancial firms listed on the Kuala Lumpur Stock Exchange to fill the gaps in the current ERM literature. We posit that ERM positively affects firm performance. We found that the frequency of risk assessments, the appointment of a chief risk officer and the formation of a risk management committee have a significant impact on firm performance. However, this study could not statistically identify the effect of ERM advancement on firm performance. Incisive Media 2021-12 Article PeerReviewed Shahrin, Aidil Rizal and Ibrahim, Abdul Hakam (2021) Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms. Journal of Operational Risk, 16 (4). pp. 27-43. ISSN 1744-6740, DOI https://doi.org/10.21314/JOP.2021.009 <https://doi.org/10.21314/JOP.2021.009>. 10.21314/JOP.2021.009
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HF Commerce
Business
spellingShingle HF Commerce
Business
Shahrin, Aidil Rizal
Ibrahim, Abdul Hakam
Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms
description Enterprise risk management (ERM) has become an important phenomenon to many firms. In this paper, we examine how ERM programs, particularly in risk assessment and corporate governance, impact firm performance. Our study focuses on 661 nonfinancial firms listed on the Kuala Lumpur Stock Exchange to fill the gaps in the current ERM literature. We posit that ERM positively affects firm performance. We found that the frequency of risk assessments, the appointment of a chief risk officer and the formation of a risk management committee have a significant impact on firm performance. However, this study could not statistically identify the effect of ERM advancement on firm performance.
format Article
author Shahrin, Aidil Rizal
Ibrahim, Abdul Hakam
author_facet Shahrin, Aidil Rizal
Ibrahim, Abdul Hakam
author_sort Shahrin, Aidil Rizal
title Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms
title_short Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms
title_full Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms
title_fullStr Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms
title_full_unstemmed Enterprise risk management and firm performance: Evidence from Malaysian nonfinancial firms
title_sort enterprise risk management and firm performance: evidence from malaysian nonfinancial firms
publisher Incisive Media
publishDate 2021
url http://eprints.um.edu.my/35295/
_version_ 1748181072429973504

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