scholarly journals Optimal Enterprise Risk Management and Decision Making With Shared and Dependent Risks

2016 ◽  
Vol 84 (4) ◽  
pp. 1127-1169 ◽  
Author(s):  
Jing Ai ◽  
Patrick L. Brockett ◽  
Tianyang Wang
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Enterprise Risk Management ◽  
Enterprise Risk ◽  
Dependent Risks

scholarly journals The Role of Enterprise Risk Management in Sustainable Decision-Making: A Cross-Cultural Comparison

2019 ◽  
Vol 11 (10) ◽  
pp. 2939 ◽  
Author(s):  
Xin Liu
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Regulatory Focus ◽  
Interactive Effect ◽  
Enterprise Risk Management ◽  
Prevention Focus ◽  
Management Philosophy ◽  
Cross Cultural Comparison ◽  
Enterprise Risk

The goal of this paper is to examine how cultural differences moderate the effectiveness of an organization’s enterprise risk management (ERM) program in sustainable decision-making. Using an experimental design, this study found that Chinese participants, characterized by a stronger prevention focus, were more proactive in mitigating environmental, social and governance (ESG)-related risks under a loss-framed risk management philosophy, whereas American participants, characterized by a stronger promotion focus, were more proactive in mitigating ESG-related risks under a gain-framed risk management philosophy. This interactive effect of matching the risk management philosophy frame to the participants’ regulatory focus was mediated by their perceived processing fluency. The implications for the literature and practice are discussed.

Research on Grading of Risk Factors in International EPC Projects from Contractors' Perspective

2013 ◽  
Vol 438-439 ◽  
pp. 1968-1973
Author(s):  
Ji Qin Li ◽  
Yong Yang ◽  
Yu Zheng ◽  
Xiao Dong Li
Keyword(s):  
Risk Factors ◽  
Decision Making ◽  
Risk Management ◽  
Enterprise Risk Management ◽  
Ahp Method ◽  
Literature Research ◽  
Preliminary Stage ◽  
Enterprise Risk ◽  
Expert Interview ◽  
International Projects

t has been common that more and more international projects are contracted using EPC mode, which brings higher requirements of risk management for Chinese engineering companies. Through literature research and expert interview, this paper systematically recognizes and classifies risk factors that may occurred in international EPC projects. Then, by applying AHP method, the weights of all risk factors are achieved. Furthermore, all risk factors are divided into three levels for the convenience of enterprise risk management. Hopefully, this research can be good reference as guidance for decision-making in the preliminary stage of international EPC projects.

Effect of Enterprise Risk Management on Firm Value: Empirical Evidence from Non-Financial Firms in Pakistan

GIS Business ◽  
1970 ◽  
Vol 13 (2) ◽  
pp. 15-28
Author(s):  
Nouman Nasir
Keyword(s):  
Risk Management ◽  
Firm Value ◽  
Positive Impact ◽  
Stock Exchange ◽  
Enterprise Risk Management ◽  
Least Square ◽  
Return On Equity ◽  
Financial Firms ◽  
Enterprise Risk ◽  
Ordinary Least Square Regression

This research examines the effect of enterprise risk management on firm value in Pakistan. Further, this study empirically examines company characteristics that establish the execution of an enterprise risk management system. Using a sample of final dataset of 83 non-financial firms located in Pakistan. The sample included non-financial firms from the year 1999 to 2015 and so up to seventeen observation years per company. As in context of Pakistan, most of the organizations are already implement an ERM programs and establish specialized ERM departments because the ERM is now a global term and has become increasingly relevant because of the growing difficulty of risk and an additional development of regulatory frame works. For the empirical evidences, data collected from non-financial firms listed at the Pakistan Stock Exchange (PSX). Results of logistic regression shows that Capital Opacity, Profitability, Financial Leverage, Firm Size and Slack have positive impact on the implementation of an ERM system but Industrial diversification, Industry and Return on Equity are negatively related to an ERM engagement. The results of ordinary least square regression finds positive relationship between use of an ERM and firm value.

MODELLING AND CONTROLLING THE ENTERPRISE RISKS COMPLEX ASSESSMENT SYSTEMON THE BASIS OF RUSSIAN STATE STANDARD ISO 9001-2015 CONCERNING RISK-ORIENTED THINKING. GENERAL PROBLEMS AND WAYS OF SOLVING THEM

2020 ◽  
Vol 2020 (2) ◽  
pp. 33-41
Author(s):  
Irina Merzlyakova ◽  
Aleksandr Feofanov
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
State Standard ◽  
Control Model ◽  
Enterprise Risk Management ◽  
Iso 9001 ◽  
Management Procedure ◽  
Russian State Standard ◽  
Russian State ◽  
Enterprise Risk

The article considers general problems of implementing the enterprise risk management procedure. One of the ways to solve the problems arising when meeting Russian state standard ISO 9001-2015 requirements concerning risk-oriented thinking is presented. A risk assessment control model aimed at coordinating all kinds of the enterprise departments activities, forming a clear algorithm of risk management procedure implementation and attracting a greater number of employees towards this activity is offered.

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