The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand
ASR (Asian Social Research) was first launched in 2014 by Chiang Mai University. However, it has a longer history, with its genesis in 2002 as part of Chiang Mai University Journal.This journal was split into two in 2007, with the formation of ASR's predecessor, the Chiang Mai University Journa...
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Faculty of Social Sciences and Humanities, Chiang Mai University
2020
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| Online Access: | http://cmuj.cmu.ac.th/uploads/asr_journal_list_index/300881144.pdf http://cmuir.cmu.ac.th/jspui/handle/6653943832/68653 |
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th-cmuir.6653943832-686532020-05-20T04:41:50Z The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand Muttanachai Suttipun Weerawan Siripong On-anong Sattayarak Jittima Wichianrak Sutira Limroscharoen Enterprise risk management Firm performance Balanced scorecard SMEs Southern Thailand ASR (Asian Social Research) was first launched in 2014 by Chiang Mai University. However, it has a longer history, with its genesis in 2002 as part of Chiang Mai University Journal.This journal was split into two in 2007, with the formation of ASR's predecessor, the Chiang Mai University Journal of social Sciences and Humanities, which was later restyled as ASR in 2014, and began publishing online in 2015. Even though enterprise risk management (ERM) has been extensively studied in recent years, the influence of ERM on firm performance in small and medium enterprises (SMEs) and its benefits to them has been little studied in emerging countries. Therefore, the main objectives of the study reported were to (1) investigate the extent and level of ERM among SMEs in southern Thailand, and (2) test for the influence of ERM on firm performance measured by the balanced scorecard (BSC) of SMEs. Using a mailed questionnaire, a sample of 385 (out of 394) SMEs from southern Thailand were analyzed. Descriptive analysis, a correlation matrix, and multiple regression were used to analyze the data obtained. From the results, the most common element of ERM employed was information and communication followed by control activities, monitoring, risk response, internal environment, event identification, objective setting, and risk assessment. Moreover, objective setting, risk assessment, control activities, and monitoring were found to significantly and positively influence SMEs’ performance measured by BSC while event identification had a negative influence on SMEs’ performance. The study demonstrates that SMEs in developing countries can benefit from the adoption of ERM in the same way as large firms in developed countries. 2020-05-20T04:41:50Z 2020-05-20T04:41:50Z 2018 ASR: Chiang Mai University.Journal of Social Sciences and Humanities 5,1 (Jan- 2018), p.33-53 2465-4329 http://cmuj.cmu.ac.th/uploads/asr_journal_list_index/300881144.pdf http://cmuir.cmu.ac.th/jspui/handle/6653943832/68653 Eng Faculty of Social Sciences and Humanities, Chiang Mai University |
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Chiang Mai University |
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Chiang Mai University Library |
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Asia |
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Thailand Thailand |
| content_provider |
Chiang Mai University Library |
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CMU Intellectual Repository |
| language |
English |
| topic |
Enterprise risk management Firm performance Balanced scorecard SMEs Southern Thailand |
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Enterprise risk management Firm performance Balanced scorecard SMEs Southern Thailand Muttanachai Suttipun Weerawan Siripong On-anong Sattayarak Jittima Wichianrak Sutira Limroscharoen The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand |
| description |
ASR (Asian Social Research) was first launched in 2014 by Chiang Mai University. However, it has a longer history, with its genesis in 2002 as part of Chiang Mai University Journal.This journal was split into two in 2007, with the formation of ASR's predecessor, the Chiang Mai University Journal of social Sciences and Humanities, which was later restyled as ASR in 2014, and began publishing online in 2015. |
| author |
Muttanachai Suttipun Weerawan Siripong On-anong Sattayarak Jittima Wichianrak Sutira Limroscharoen |
| author_facet |
Muttanachai Suttipun Weerawan Siripong On-anong Sattayarak Jittima Wichianrak Sutira Limroscharoen |
| author_sort |
Muttanachai Suttipun |
| title |
The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand |
| title_short |
The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand |
| title_full |
The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand |
| title_fullStr |
The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand |
| title_full_unstemmed |
The Influence of Enterprise Risk Management on Firm Performance Measured by the Balanced Scorecard: Evidence from SMEs in Southern Thailand |
| title_sort |
influence of enterprise risk management on firm performance measured by the balanced scorecard: evidence from smes in southern thailand |
| publisher |
Faculty of Social Sciences and Humanities, Chiang Mai University |
| publishDate |
2020 |
| url |
http://cmuj.cmu.ac.th/uploads/asr_journal_list_index/300881144.pdf http://cmuir.cmu.ac.th/jspui/handle/6653943832/68653 |
| _version_ |
1681752664431394816 |