Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers
The primary objective of this study is to explore the extent to which ERM implementation is capable of enhancing shareholders’ wealth. A sample of 283 companies operating in the Main Market of Bursa Malaysia was selected.This study utilized the definition of ERM as the independent variable and shar...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/21014/1/shsconf_four2017%201%2010i.pdf |
| _version_ | 1825804480816349184 |
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| author | Kasim, Mohd Ariff Mohd Hanafi, Siti Rosmaini |
| author_facet | Kasim, Mohd Ariff Mohd Hanafi, Siti Rosmaini |
| author_sort | Kasim, Mohd Ariff |
| collection | UUM |
| description | The primary objective of this study is to explore the extent to which ERM implementation is capable of enhancing shareholders’ wealth. A sample of 283 companies operating in the Main Market of Bursa
Malaysia was selected.This study utilized the definition of ERM as the independent variable and shareholders’ wealth as dependent variable.The overall observation revealed that ERM was significant in explaining the variation in shareholders’ wealth.Objective setting, event identification, risk response, control activities, information and communication, and monitoring substantiated the hypothesized relationship. The research framework of this study, which utilized assumptions from stewardship and agency theory, could serve as guidance for future research on
organizational control and governance.The study fills the gap in literature which mostly concentrated on the USA and western countries.The CRO and the board should focus more advising functions at the earlier stage of the ERM implementation and monitoring functions once ERM matured. |
| first_indexed | 2024-07-04T06:16:13Z |
| format | Conference or Workshop Item |
| id | uum-21014 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:16:13Z |
| publishDate | 2017 |
| record_format | eprints |
| spelling | uum-210142017-02-23T02:25:01Z https://repo.uum.edu.my/id/eprint/21014/ Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers Kasim, Mohd Ariff Mohd Hanafi, Siti Rosmaini HF5601 Accounting The primary objective of this study is to explore the extent to which ERM implementation is capable of enhancing shareholders’ wealth. A sample of 283 companies operating in the Main Market of Bursa Malaysia was selected.This study utilized the definition of ERM as the independent variable and shareholders’ wealth as dependent variable.The overall observation revealed that ERM was significant in explaining the variation in shareholders’ wealth.Objective setting, event identification, risk response, control activities, information and communication, and monitoring substantiated the hypothesized relationship. The research framework of this study, which utilized assumptions from stewardship and agency theory, could serve as guidance for future research on organizational control and governance.The study fills the gap in literature which mostly concentrated on the USA and western countries.The CRO and the board should focus more advising functions at the earlier stage of the ERM implementation and monitoring functions once ERM matured. 2017 Conference or Workshop Item PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/21014/1/shsconf_four2017%201%2010i.pdf Kasim, Mohd Ariff and Mohd Hanafi, Siti Rosmaini (2017) Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers. In: 17th Annual Conference of the Asian Academic Accounting Association (2016 FourA Conference), 20-22 November 2016, Kuching, Sarawak. http://doi.org/10.1051/shsconf/20173405004 doi:10.1051/shsconf/20173405004 doi:10.1051/shsconf/20173405004 |
| spellingShingle | HF5601 Accounting Kasim, Mohd Ariff Mohd Hanafi, Siti Rosmaini Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers |
| title | Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers |
| title_full | Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers |
| title_fullStr | Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers |
| title_full_unstemmed | Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers |
| title_short | Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers |
| title_sort | could enterprise risk management erm create protect and enhance shareholders wealth among malaysian listed issuers |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/21014/1/shsconf_four2017%201%2010i.pdf |
| work_keys_str_mv | AT kasimmohdariff couldenterpriseriskmanagementermcreateprotectandenhanceshareholderswealthamongmalaysianlistedissuers AT mohdhanafisitirosmaini couldenterpriseriskmanagementermcreateprotectandenhanceshareholderswealthamongmalaysianlistedissuers |