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Enterprise Risk Management and its Value Creation Transmission Mechanism

Lai, Fong Woon (2014) Enterprise Risk Management and its Value Creation Transmission Mechanism. In: 2nd International Conference on Business Administration, Marketing and Economics.

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Official URL: http://www.inase.org/library/2014/athens/bypaper/E...

Abstract

This paper discusses the theoretical argument towards establishing the value creation mechanism for enterprise risk management implementation. It highlights the notion of managing firms’ systematic and unsystematic (specific) risk via an ERM implementation framework that leads to the enhancement of shareholders’ value. The mechanism through which the firms’ value enhancement takes place is theorized by a strategic conceptualization of risk premium model. The model cites managing the firm’s four classes of risks, namely macroeconomic, tactical, strategic, and normative risks. Hence, this paper investigates the validity of the theorized value creation transmission mechanism of the proposed ERM framework via the strategic conceptualization of risk premium model.

Item Type:Conference or Workshop Item (Paper)
Subjects:H Social Sciences > HG Finance
Academic Subject One:Finance
Academic Subject Two:Enterprise Risk Management
Departments / MOR / COE:Departments > Management & Humanities
ID Code:11571
Deposited By: Dr. Fong-Woon Lai
Deposited On:28 Apr 2015 02:54
Last Modified:28 Apr 2015 02:54

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