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.
Full text not available from this repository.Abstract
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.
| Item Type: | Article |
|---|---|
| Funders: | UNSPECIFIED |
| Uncontrolled Keywords: | Enterprise risk management;Firm performance;Malaysia;Non financial firms;Chief risk officer |
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HF Commerce > Business |
| Divisions: | Faculty of Business and Economics |
| Depositing User: | Ms Zaharah Ramly |
| Date Deposited: | 17 Oct 2022 03:12 |
| Last Modified: | 17 Oct 2022 03:12 |
| URI: | http://eprints.um.edu.my/id/eprint/35295 |
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