The DOI matches its Crossref record; 61 of the 61 references it cites were found in a registry or an index.
Does Enterprise Risk Management Increase Firm Value?
Abstract
Enterprise risk management (ERM) has emerged as a construct that ostensibly overcomes limitations of silo-based traditional risk management (TRM), yet little is known about its effectiveness. The scant research on the relationship between ERM and firm performance has offered mixed findings and has been limited by the lack of a suitable proxy for the degree of ERM implementation. Using Standard and Poor’s newly available risk management rating, the authors find evidence of a positive relationship between increasing levels of TRM capability and firm value but no additional increase in value for firms achieving a higher ERM rating. Considering these results, the authors suggest directions for future research.
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Cites
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Cited by
Enterprise Risk Management Program Quality: Determinants, Value Relevance, and the Financial Crisis
Baxter, R., Bedard, J. C., Hoitash, R., & Yezegel, A. (2013) · Contemporary Accounting Research · doi:10.1111/j.1911-3846.2012.01194.x · Cited by 344
Risk-based forecasting and planning and management earnings forecasts
Ittner, C. D., & Michels, J. (2017) · Review of Accounting Studies · doi:10.1007/s11142-017-9396-0 · Cited by 111
Metadata
- Authors
- McShane, M. K., Nair, A., & Rustambekov, E.
- Venue
- Journal of Accounting, Auditing & Finance
- Publisher
- SAGE Publications
- Published
- 2011-08-24
- Volume
- 26
- Issue
- 4
- Pages
- 641-658
- ISSN
- 0148-558X (ISSN-L)
- 2160-4061
- OpenAlex
- W2129025967
- Cited by
- 417
- References
- 61
- FWCI
- 46.91
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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