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Organization Performance And Enterprise Risk Management

Author

Listed:
  • Jan Kopia,

    (The Bucharest University of Economic Studies, Romania)

  • Vanessa Just,

    (The Bucharest University of Economic Studies, Romania)

  • Wiebke Geldmacher,

    (The Bucharest University of Economic Studies, Romania Author-Name :Aykut Bußian
    The Bucharest University of Economic Studies, Romania)

Abstract

Enterprise risk management (ERM) is an integrated approach to manage the risks of companies. Despite the wide adoption of ERM into companies' organizational processes, there are neither clear standards for ERM nor ground based theories about the outcome of it. This paper gives an overview of scientific research in the topic of ERM by comparing recent academic papers which focus ERM in the context of performance evaluation or effectiveness by categorizing and evaluating each source against its limitations. The limitations are used to develop a unified view on the question of how ERM influences performance of organizations. This also involves aspects of measuring the current status of ERM within companies and the effects of ERM on the other side. This paper shows that there is diversity in scientific literature of how to measure performance in the ERM-context. The authors identify reasons for that and suggest approaches to solve the problem by identifying best-practice approaches and a generic framework on how to use them to improve ERM-assessment in practice as well as research

Suggested Citation

  • Jan Kopia, & Vanessa Just, & Wiebke Geldmacher,, 2017. "Organization Performance And Enterprise Risk Management," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(1), pages 1-37, January.
    • Handle: RePEc:scm:ecofrm:v:6:y:2017:i:1:p:37
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    File URL: http://ecoforumjournal.ro/index.php/eco/article/view/573/361
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    References listed on IDEAS

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    1. Ryan Baxter & Jean C. Bedard & Rani Hoitash & Ari Yezegel, 2013. "Enterprise Risk Management Program Quality: Determinants, Value Relevance, and the Financial Crisis," Contemporary Accounting Research, John Wiley & Sons, vol. 30(4), pages 1264-1295, December.
    2. Gabriel Hawawini & Venkat Subramanian & Paul Verdin, 2003. "Is performance driven by industry‐or firm‐specific factors? A new look at the evidence," Strategic Management Journal, Wiley Blackwell, vol. 24(1), pages 1-16, January.
    3. Stephen Gates & Jean-Louis Nicolas & Paul L. Walker, 2012. "Enterprise risk management: A process for enhanced management and improved performance," Post-Print hal-00857435, HAL.
    4. Young, David, 1997. "Economic value added: A primer for European managers," European Management Journal, Elsevier, vol. 15(4), pages 335-343, August.
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    Cited by:

    1. Mihaela Brindusa Tudose & Valentina Diana Rusu, 2018. "Analysis Of The Effects Of Financing And Risk Management On The Value Of Firms Listed On The Bucharest Stock Exchange," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 44-58, April.
    2. Dr. Augustine C. Odubuasi & Dr. Felix Enaibre Ighosewe & Dr. Nkechi T. Ofor, 2022. "Enterprise Risk Management and Banks’ Financial Performance: Evidence from West African Countries," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(1), pages 268-272, January.
    3. Mohamed Santigie Kanu, 2021. "A Theoretical Framework for Enterprise Risk Management and Organizational Performance," International Business Research, Canadian Center of Science and Education, vol. 14(5), pages 1-63, May.
    4. Gazoulit Sarra & Khadija Oubal, 2023. "Risk management in public universities in pursuit of performance: A synthesis of the literature [La gestion des risques dans les universités publiques en quête de la performance: Une synthèse de la," Post-Print hal-03958352, HAL.

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