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Value maximization determinants of enterprise risk management implementation: a Malaysian evidence

Lai, Fong Woon (2010) Value maximization determinants of enterprise risk management implementation: a Malaysian evidence. In: International (Summer) Conference on Asia Pacific Business Innovation & Technology Management,.

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Abstract

Dynamic enterprises assume new risks in the quest to generate value for their shareholders as risk of adverse consequences inherent in all business activities. As such, it is imperative for the enterprises to put in place a dynamic risk management model. One such model can be represented by enterprise risk management (ERM). However, the neo-classical finance theory (NCFT) postulates that managing firm-specific risk is irrelevant, implying that implementation of ERM has no value to firms. This paper examines value maximization determinants of ERM implementation. The analytic comprises bivariate correlation analysis of hypotheses testing in relation to the various aspects of the value maximization theory of ERM practices.

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:11576
Deposited By: Dr. Fong-Woon Lai
Deposited On:28 Apr 2015 02:54
Last Modified:28 Apr 2015 02:54

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