Enterprise-wide risk management best practices: The critical success factors

This paper examines the critical success factors of effective Enterprise-Wide Risk Management (EWRM) practices that have an effect on shareholder value. Financial and non-financial companies of Public Listed Companies (PLCs) of service sector had been chosen as a population to determine the crucia...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلفون الرئيسيون: Ab. Wahab, Norlida, Othman, Siti Norezam, Kasim, Isahak
التنسيق: مقال
اللغة:English
منشور في: Ontario International Development Agency 2012
الموضوعات:
الوصول للمادة أونلاين:http://repo.uum.edu.my/15902/1/SSRN-id2054977.pdf
http://repo.uum.edu.my/15902/
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2054977
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الوصف
الملخص:This paper examines the critical success factors of effective Enterprise-Wide Risk Management (EWRM) practices that have an effect on shareholder value. Financial and non-financial companies of Public Listed Companies (PLCs) of service sector had been chosen as a population to determine the crucial factors that should be considered for a success implementation of EWRM. A triangulation approach was adopted to get an enriched data collection and analysis for the study.From a survey on 14 financial companies and 41 non financial companies and 4 companies of a case study, it is found that organisational culture is a most critical factor which contributes more to a success implementation of EWRM and has an effect on shareholder value. Significantly, the function and the effectiveness of other critical success factors were depended on strong organisational culture. The other EWRM critical success factors identified were risk management base, compliance, resource, cross functional staff, knowledge management, and authority or power.