Integrating sustainability reporting into enterprise risk management and its relationship with business performance: A conceptual framework

2019 ◽  
Vol 208 ◽  
pp. 415-425 ◽  
Author(s):  
Muhammad Kashif Shad ◽  
Fong-Woon Lai ◽  
Chuah Lai Fatt ◽  
Jiří Jaromír Klemeš ◽  
Awais Bokhari
Keyword(s):  
Risk Management ◽  
Conceptual Framework ◽  
Business Performance ◽  
Sustainability Reporting ◽  
Enterprise Risk Management ◽  
Enterprise Risk

scholarly journals INTERACTION EFFECT OF SUSTAINABILITY REPORTING AND ENTERPRISE RISK MANAGEMENT ON BUSINESS PERFORMANCE

2021 ◽  
Vol 5 (1) ◽  
pp. 91-114
Author(s):  
Michael Goman ◽  
Fransiskus Eduardus DAROMES ◽  
Paulus Tangke
Keyword(s):  
Risk Management ◽  
Business Performance ◽  
Sustainability Reporting ◽  
Enterprise Risk Management ◽  
Coefficient Of Determination ◽  
Significant Positive Effect ◽  
Research Model ◽  
Enterprise Risk ◽  
The Relationship ◽  
Positive Effect

This study provides empirical evidence of the interaction of sustainability reporting and Enterprise risk management on business performance. A number of previous literature has found a significant positive effect of ERM implementation on overall business performance, however, the number of studies investigating the interaction of sustainability reporting and ERM is still limited. We build this research model based on modern portfolio theory and stakeholder theory. Data testing was carried out using the moderation regression method in examining the three variable relationships above. The results showed that there was a significant positive effect of ERM on business performance as measured using EVA. Meanwhile, sustainability reporting, although able to strengthen the coefficient of determination relationship between ERM and EVA, does not have a significant moderating effect on the relationship between the two variables.

scholarly journals Organizational Factors in Enterprise Risk Management Effectiveness: A Conceptual Framework

2018 ◽  
Vol 8 (11) ◽  
Author(s):  
Ahmad Shukri Yazid ◽  
Mohd Faharizan Hassan ◽  
Suraya Mahmood ◽  
Norfadzilah Rashid ◽  
Fauzilah Salleh ◽  
...  
Keyword(s):  
Risk Management ◽  
Conceptual Framework ◽  
Organizational Factors ◽  
Enterprise Risk Management ◽  
Management Effectiveness ◽  
Enterprise Risk

scholarly journals The Foreign Exchange Exposures and Enterprise Risk Management: Evidence from Hospitality Industry in Taiwan

2017 ◽  
Vol 9 (1) ◽  
pp. 274
Author(s):  
Chiu Ming Hsiao
Keyword(s):  
Risk Management ◽  
Exchange Rate ◽  
Foreign Exchange ◽  
Business Performance ◽  
Optimal Allocation ◽  
Arima Model ◽  
Enterprise Risk Management ◽  
Decision Makers ◽  
Enterprise Risk ◽  
The Relationship

This paper adopts ARIMA model to explore the relationship between business performance and the fluctuation of exchange rate. The empirical results show that the impacts of the fluctuation of foreign exchange rate on the business performance of hotels are significant and different across currencies and the size of a hotel.  Furthermore, based on the framework of Kim (2013), a modern portfolio theory proposed by Markowitz (1952) gives an optimal allocation of foreign exchange for a hotel’s decision-makers, who would avoid exchange rate risk exposure and complete the construction of enterprise risk management system (ERM) to reduce losses.

scholarly journals Enterprise Risk Management – Approaches Determining Its Application and Relation to Business Performance

2020 ◽  
Vol 24 (2) ◽  
pp. 51
Author(s):  
Jozef Klučka ◽  
Rudolf Grünbichler
Keyword(s):  
Risk Management ◽  
Performance Management ◽  
Business Performance ◽  
Enterprise Risk Management ◽  
Management Approach ◽  
Probability Of Error ◽  
Enterprise Risk ◽  
Business Performance Management ◽  
Management Approaches ◽  
The Impact

<p><strong>Purpose:</strong> As management systems, enterprise risk management and enterprise performance management pursue similar objectives and influence each other positively. The paper aims to provide an insight into the relationship between Enterprise Risk Management and Business Performance Management.</p><p><strong>Methodology/Approach:</strong> The paper compares the results of an American study with the results of a Slovakian study. First, the American results are cited and interpreted. Then the Slovak results are presented and discussed. Then the results are compared. In the last part an overall conclusion is drawn, the relationships between the results are shown and practical implications are explained.</p><p><strong>Findings:</strong> The results show similarities, but also differences to Enterprise Risk Management and the relationships between Enterprise Risk Management and Business Performance Management. The paper shows that there are differences in both the management approach and the impact on business performance between American and Slovak companies.</p><p><strong>Research Limitation/implication:</strong> A limitation in both studies is the limited number of participating companies. This is accompanied by a higher probability of error.</p><strong>Originality/Value of paper:</strong> The paper provides new information to the gap related to subjects enterprise risk management and business performance management and their relations.

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