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Enterprise Risk Management and Firm Performance Validated Through Economic Value Added Factors

Shad, Muhammad Kashif and Lai, Fong Woon (2015) Enterprise Risk Management and Firm Performance Validated Through Economic Value Added Factors. INTERNATIONAL JOURNAL OF ECONOMICS AND STATISTICS .

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Abstract

Enterprise Risk Management (ERM) is an essential technique, used to manage a myriad of risks in a holistic manner. This paper presents an ERM implementation framework which is operationalized by fourteen elements. It highlights the impact of ERM towards the firm’s performance measured through Economic Value Added (EVA) factors. The research design incorporates descriptive and cross-sectional analysis. Data was collected from 120 public listed companies in Bursa Malaysia through questionnaires survey. Results of the empirical analysis show that ERM implementation has significant positive impact on firm’s performance. The results support the hypothesis that the firms which implements ERM will enhance their performance as validated through the perceived measurement of EVA factors. This study offers a perspective of measuring ERM implementation impact through EVA factors as compared to the accounting measures.

Item Type:Article
Academic Subject One:Academic Department - Management And Humanities - Business and Marketing
Departments / MOR / COE:Departments > Management & Humanities
ID Code:11846
Deposited By: Dr. Fong-Woon Lai
Deposited On:07 Oct 2016 01:42
Last Modified:07 Oct 2016 01:42

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