Developing an Enterprise Risk Management Value Enhancing Model Manifested through Economic Value Added
Enterprise Risk Management (ERM) is an essential technique used to manage myriad of risks in a holistic manner. This paper espouses an ERM implementation framework which encompasses three dimensions, seven areas which in turn are operationalized by fourteen elements. This paper also empirically e...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Published: |
2015
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| Online Access: | http://eprints.utp.edu.my/11720/1/Developing%20an%20Enterprise%20Risk%20Management%20Value%20Enhancing%20Model%20Manifested%20through%20Economic%20Value%20Added.pdf http://eprints.utp.edu.my/11720/ |
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| Institution: | Universiti Teknologi Petronas |
| Summary: | Enterprise Risk Management (ERM) is an essential technique used to manage myriad of risks in a
holistic manner. This paper espouses an ERM implementation framework which encompasses three
dimensions, seven areas which in turn are operationalized by fourteen elements. This paper also empirically
examines the impact of ERM towards the firm’s performance measured through Economic Value Added
(EVA) analysis. The research design incorporates descriptive and cross sectional analysis. Results of the
empirical analysis show that ERM implementation does have a significant positive impact on firm
performance. The results support the hypotheses that firm’s which implements ERM will have higher
performance as manifested through the EVA analysis. |
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