Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies
According to Economist Intelligence Unit (Economist Intelligence Unit Limited and SAS, 2008), risk management failure is one of the major triggers of the recent global financial crisis. Enterprise risk management (ERM), an organisation wide process which identifies potential adverse events and provi...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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Elsevier Ltd.
2014
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/13433/1/76.pdf |
| _version_ | 1803626596766056448 |
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| author | Ahmad, Saudah Ng, Chew McManus, Lisa Ann |
| author_facet | Ahmad, Saudah Ng, Chew McManus, Lisa Ann |
| author_sort | Ahmad, Saudah |
| collection | UUM |
| description | According to Economist Intelligence Unit (Economist Intelligence Unit Limited and SAS, 2008), risk management failure is one of the major triggers of the recent global financial crisis. Enterprise risk management (ERM), an organisation wide process which identifies potential adverse events and provides strategies to manage risks, has been suggested as an approach to combat the volume and complexities of the risks faced by today's organisations (see, for example, Beasley et al., 2009).Despite of the recent emphasis given to risk management by the Australian Securities Exchange (ASX), there is scant empirical evidence on ERM implementation among the Australian listed companies. This study aims to provide some evidence on the extent of ERM implementation among the Top 300 companies listed on ASX. Questionnaires were used to collect data for this study.The outcomes of the study show that the majority of the firms involved in the survey not only extensively implement ERM but also extensively embed ERM into their corporate strategic processes.Further, they have also implemented the system for more than five years. Potential limitation of these findings are acknowledged. |
| first_indexed | 2024-07-04T05:52:41Z |
| format | Conference or Workshop Item |
| id | uum-13433 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:52:41Z |
| publishDate | 2014 |
| publisher | Elsevier Ltd. |
| record_format | dspace |
| spelling | uum-134332016-04-12T09:06:30Z https://repo.uum.edu.my/id/eprint/13433/ Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies Ahmad, Saudah Ng, Chew McManus, Lisa Ann HF5601 Accounting According to Economist Intelligence Unit (Economist Intelligence Unit Limited and SAS, 2008), risk management failure is one of the major triggers of the recent global financial crisis. Enterprise risk management (ERM), an organisation wide process which identifies potential adverse events and provides strategies to manage risks, has been suggested as an approach to combat the volume and complexities of the risks faced by today's organisations (see, for example, Beasley et al., 2009).Despite of the recent emphasis given to risk management by the Australian Securities Exchange (ASX), there is scant empirical evidence on ERM implementation among the Australian listed companies. This study aims to provide some evidence on the extent of ERM implementation among the Top 300 companies listed on ASX. Questionnaires were used to collect data for this study.The outcomes of the study show that the majority of the firms involved in the survey not only extensively implement ERM but also extensively embed ERM into their corporate strategic processes.Further, they have also implemented the system for more than five years. Potential limitation of these findings are acknowledged. Elsevier Ltd. 2014 Conference or Workshop Item PeerReviewed application/pdf en cc_by_nc_nd https://repo.uum.edu.my/id/eprint/13433/1/76.pdf Ahmad, Saudah and Ng, Chew and McManus, Lisa Ann (2014) Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies. In: International Conference on Accounting Studies (ICAS) 2014, 18 - 19 August 2014, Putra World Trade Centre, Kuala Lumpur. http://dx.doi.org/10.1016/j.sbspro.2014.11.144 doi:10.1016/j.sbspro.2014.11.144 doi:10.1016/j.sbspro.2014.11.144 |
| spellingShingle | HF5601 Accounting Ahmad, Saudah Ng, Chew McManus, Lisa Ann Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies |
| title | Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies |
| title_full | Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies |
| title_fullStr | Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies |
| title_full_unstemmed | Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies |
| title_short | Enterprise risk management (ERM) implementation: Some empirical evidence from large Australian companies |
| title_sort | enterprise risk management erm implementation some empirical evidence from large australian companies |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/13433/1/76.pdf |
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