Enterprise risk management and firm performance a contingency perspective

Enterprise Risk Management Annotated Bibliography

Author(s)

Songling Yang, Muhammad Ishtiaq & Muhammad Anwar

Title

Enterprise Risk Management Practices and Firm Performance, the mediating Role of Competitive Advantage and Moderating Role of Financial Literacy

Year

2018

Journal

Journal of Risk and Financial Management, 1-17

Summary

Songling Yang, (2018) expalin that “This study examines the mediating role of competitive advantage between enterprise risk management practices and SME’s peformance and the moderating role of financial literacy between enterprise risk management and competitive advantage”.

What was the problem that they were trying to address?

Songling Yang, (2018) were trying to solve the problem on the influence that enterprise risk management has on the competitive advantage of SME’s.

How did they address the problem?

Songling Yang, (2018) addressed the problem through formulation of hypothesis on the relationship between enterprise risk management, competitive advantage, and financial literacy.

What theories, if any were used?

Songling Yang, (2018) used the theory of enterprise risk management theory.

What future research was discussed?

Songling Yang, (2018) study suggests that a comparative study shouldbe carried out between emerging and developing economies for favourable results.

Full APA formatted citation

Songling Yang, M. I. (2018). Enterprise Risk Management Practices and Firm Performance, the Mediatin Role of Competitive Advantage and Moderating Role of Financial Literacy. Journal of Risk and Financial Management, 1-17

Author(s)

Kingsley Karunaratne Alwattegana

Title

The Effect of Enterprise Risk Management (ERM) on Firm Performace: Evidence fom the Diversified Industry of Sri Lanka.

Year

2017

Journal

Journal of Management Research , 75-93.

Summary

Alawattegama, (2017) explains that “ The aim of this study is to explore the effect of the adoption of ERM on the performance of the diversified industry in Sri Lanka”

What was the problem that they were trying to address?

The problem addressed by Alawattegama, (2017) was on the effects of ERM practices suggested by the Committee on Sponsoring Organizations of the Treadway Commission on firm performsssnce.

How did they address the problem?

The problem was addressed trough the formation of a conceptual framework consisting of the internal environment, objectives setting, diversification level, risk assessment, risk response, control activities, information and monitoring.

What theories, if any were used?

Alawattegama, (2017) used the general theory of risk-return correlation.

What future research was discussed?

The study suggests for a robust and in-depth research on the value relevance of ERM.

Full APA formatted citation

Alawattegama, K. K. (2017). The Effect of Enterprise Risk Management (ERM) on Firm Performace: Evidence fom the Diversified Industry of Sri Lanka. Journal of Management Research , 75-93.

Author(s)

Philip Bromiley, Michael McShane, Anil Nair & Elzotbek Rustambekov

Title

Enterprise Risk Management: Review, Critique, and Research Directions.

Year

2014

Journal

Long Range Planning , 265-276.

Summary

Philip Bromiley, M. M. (2014) explains that "This paper not only identifies how management scholars can contribute to ERM research, but also points out why ERM research needs management research for its development”

What was the problem that they were trying to address?

Philip Bromiley, M. M. (2014) addressed the problem on corporate risk and its influence on performance.

How did they address the problem?

The problem was addressed by Philip Bromiley, M. M. (2014) through the development of ERM objectives and the management of risk.

What theories, if any were used?

Philip Bromiley, M. M. (2014) used the contigency theory and the probability theory of risk management.

What future research was discussed?

Philip Bromiley, M. M. (2014) suggested on the management to take a perspective stand on the effectiveness of various activities in risk management.

Full APA formatted citation

Philip Bromiley, M. M. (2014). Enterprise Risk Management: Review, Critique, and Research Directions. Long Range Planning , 265-276.

Author(s)

Michael K. McShane, Anil Nair & Elzotbek Rustambekov

Title

Does Enterprise Risk Management increase Firm Value?

Year

2011

Journal

Journal of Accounting, Auditing & Finance

Summary

Michael K. McShane, (2011) explains that through the application of standards and Poor’s risk management rating standrads, a positive relationship was established between ERM and firm performance.

What was the problem that they were trying to address?

The main problem being addressed by Michael K. McShane, (2011) is on the relationship between ERM and firm performance.

How did they address the problem?

Michael K. McShane, (2011) addressed the problem through the formulation of Standards and Poor’s new risk management rating methods.

What theories, if any were used?

Michael K. McShane, (2011) has borrowed various theories and models from other studies such as the pricing theories and the risk management irrelevance principle.

What future research was discussed?

The main area of study suggested by Michael K. McShane, (2011) is on the study of ERM on cross-disciplinary areas such as between accounting nad finance.

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Michael K. McShane, A. N. (2011). Does Enterprise Risk Management Increase Firm Value? Journal of Accounting, Auditing and Finance , 642-658.

Author(s)

Linshan Li

Title

A Study on Enterprise Risk Management and Business performance

Year

2018

Journal

Journal of Financial Risk Management

Summary

Li, (2018) explains that the study mainly focuses on the performance of firms and the effects of ERM on the share value, the profitability of the firm as well as the liquidity position of the firm.

What was the problem that they were trying to address?

The study done by Li, (2018) addressed the problem of uncertainties and the ability of firms to create and preserve value of the firm.

How did they address the problem?

Li, (2018) addressed the problem through focusing on various financial indicators such as profitability and liquidity, from information collected online and firm’s annual reports.

What theories, if any were used?

The study mainly empirical research from other studies that have been carried out by previous authors and scholars.

What future research was discussed?

Li, (2018) suggests that future research should be carried out on the effects of ERM which can be carried out on ntra-industry through benchmarking.

Full APA formatted citation

Li, L. (2018). A Study on Enterprise Risk Management and Business Performace. Journal of Financial Risk Management , 123-138.

Author(s)

Lawrence A. Gordon, Martin P. Loeb & Chih-Yang Tseng

Title

Enterprise risk management and firm performance: A contingency perspective

Year

2009

Journal

Journal of Accounting & Public Policy

Summary

Lawrence A. Gordon, (2009) explains the study is mainly focused on establishing nad proving the relationsip between ERM and firm performance.

What was the problem that they were trying to address?

Lawrence A. Gordon, (2009) addressed the problem of matching ERM with various firm key-specific factors.

How did they address the problem?

Lawrence A. Gordon, (2009) addressed the proble through establishing five key factors which are relevant in ERM. This include environmental unceratinties, firm complexity, competition, size of the firm and BOD involvement.

What theories, if any were used?

Lawrence A. Gordon, (2009) mainly focused on the contigency theory .

What future research was discussed?

Lawrence A. Gordon, (2009) suggests that other measures could also be considered apart from the five they examined.

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Lawrence A. Gordon, M. P.-Y. (2009). Enterprise risk management and firm performance: A contigency perspective. Journal of Accounting & Public Policy , 301-327.

Author(s)

Cristina Florio & Giulia Leoni

Title

Enterprise risk management and firm performance: The Italian Case

Year

2016

Journal

The British Accounting Review

Summary

Leoni, (2016) expalins that the study is mainly meant to investigate the relationship between ERM and Italian companies while taking into consideration the firm characteristics.

What was the problem that they were trying to address?

Leoni, (2016) mainly try to address the issue of the firm’s characteristics and their influence on ERM.

How did they address the problem?

The study mainly addressed the problem through investigating the relationship between ERM and the risk committee, the risk officer and firm performance. The study is carried out on non-financial companies listed in the Milan Stock Exchange (Leoni, 2016).

What theories, if any were used?

The study mainly utilized empirical studies from other authors and researchers.

What future research was discussed?

Leoni, (2016) suggests that further studies should be carried out in other countries that have different Corporate Governance to determine the effects of implementing ERM.

Full APA formatted citation

Leoni, C. F. (2016). Enterprise risk management and firm performance: The Italian Case. The British Accounting Review , 56-74.

Author(s)

Saijad Nawaz Khan & Engku Ismail Engku Ali

Title

The Moderating Role of Intellectual Capital Between Enterprise Risk Management and Firm Performance: A conceptual Review

Year

2017

Journal

American Journal of Social Sciences and Humanities.

Summary

Ali, (2017) explains that the study is focused on the study of the influence of intellectual capital since it affects a firm in terms of its competitive position and efficiency and in its influence on the relationship between ERM and firm performance.

What was the problem that they were trying to address?

The main problem addressed by Ali, (2017) focused on the risk policy issues, internal control oversight problems, and accountability problems that can be solved by intellectual capital or property.

How did they address the problem?

The study carried out by Ali, (2017) addressed the above problem though studying ERM in Pakistan since the country has less Information Technology.

What theories, if any were used?

The study mainly focused on empirical studies from other authors and researchers.

What future research was discussed?

The study carried out by Ali, (2017) suggests that further studies should be carried out on the relationship between intellectual property and its influence on ERM on financial and non-financial sectors.

Full APA formatted citation

Ali, S. N. (2017). The Moderating Role of Intellectual Capital Between Enterprise Risk Management and Firm Performance: A conceptual Review. . American Journal of Social Sciences and Humanities , 9-15.

Author(s)

Alaa Soliman & Mukhtar Adam

Title

Enterprise Risk Management and firm performance: An integrated model for the banking sector

Year

2017

Journal

Banks and Bank System

Summary

Adam, (2017) explains that “ This study investigates how the implementation of Enterprise Risk Management program affects the performance of firms using an Enterprise Risk Management Model for the banking sector and an integrated model for measuring Enterprise Risk Management”.

What was the problem that they were trying to address?

Adam, (2017) addressed the issue of the Enterprise Risk Management index in relation to Return on Average Equity.

How did they address the problem?

Adam, (2017) addressed the problem through the examination of ten banks and the implementation of the ERM model for the banking sector.

What theories, if any were used?

The study mainly used the ERM model for the banking sector (Adam, 2017).

What future research was discussed?

The study suggests that more research should be carried out on the relationship between financial aspects and the ERM.

Full APA formatted citation

Adam, A. S. (2017). Enterprise Risk Management and firm performance: an integrated model for the banking sector. Bank and Banks System , 116-123.

Author(s)

Zekai Senol & Suleyman Serdar

Title

The Effect of Enterprise Risk Management on Firm Performance: A case study of Turkey

Year

2017

Journal

Financial Studies

Summary

Serdar, (2017) expalins thatv “ This studyb attempts to determine the effect of ERM on firm’s financial performance and the determinants of ERM”

What was the problem that they were trying to address?

Serdar, (2017) The main problem addressed by the study was on increasing the firm value and the shareholders value in relation to ERM.

How did they address the problem?

The study addressed the problem through sampling firms listed in the Stock Exchange Istanbul.

What theories, if any were used?

The main theory used was the business risk management theory.

What future research was discussed?

The study suggests that further studies should be carried out on non-financial firms and their application of ERM.

Full APA formatted citation

Serdar, Z. S. (2017). The Effect of Enterprise Risk Management on Firm Performance: A case study of Turkey. Finacial Studies , 6-30.