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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...

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Main Authors: Ab. Wahab, Norlida, Othman, Siti Norezam, Kasim, Isahak
Format: Article
Language:English
Published: Ontario International Development Agency 2012
Subjects:
HD28 Management. Industrial Management
Online Access: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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spelling my.uum.repo.159022018-04-19T06:32:38Z http://repo.uum.edu.my/15902/ Enterprise-wide risk management best practices: The critical success factors Ab. Wahab, Norlida Othman, Siti Norezam Kasim, Isahak HD28 Management. Industrial Management 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. Ontario International Development Agency 2012 Article PeerReviewed application/pdf en http://repo.uum.edu.my/15902/1/SSRN-id2054977.pdf Ab. Wahab, Norlida and Othman, Siti Norezam and Kasim, Isahak (2012) Enterprise-wide risk management best practices: The critical success factors. OIDA International Journal of Sustainable Development, 4 (3). pp. 87-96. ISSN 1923-6654 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2054977
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Ab. Wahab, Norlida
Othman, Siti Norezam
Kasim, Isahak
Enterprise-wide risk management best practices: The critical success factors
description 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.
format Article
author Ab. Wahab, Norlida
Othman, Siti Norezam
Kasim, Isahak
author_facet Ab. Wahab, Norlida
Othman, Siti Norezam
Kasim, Isahak
author_sort Ab. Wahab, Norlida
title Enterprise-wide risk management best practices: The critical success factors
title_short Enterprise-wide risk management best practices: The critical success factors
title_full Enterprise-wide risk management best practices: The critical success factors
title_fullStr Enterprise-wide risk management best practices: The critical success factors
title_full_unstemmed Enterprise-wide risk management best practices: The critical success factors
title_sort enterprise-wide risk management best practices: the critical success factors
publisher Ontario International Development Agency
publishDate 2012
url 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
_version_ 1644281830048792576
score 13.211869

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