Enterprise Risk Management and Climate Change

2021 ◽  
pp. 411-430
Author(s):  
Olufemi Patrick Adeyeye ◽  
Adepoju Adeoba Asaolu
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Broad Spectrum ◽  
Financial Sector ◽  
Enterprise Risk Management ◽  
Monetary Policies ◽  
Spin Effects ◽  
Enterprise Risk ◽  
Risk Approach ◽  
Regulatory Bodies

The global exposure to climate change-induced risks culminating in the alteration of known environmental order and its debilitating spin effects on the key economic units in which the financial sector plays the intermediation role has raised new levels of consciousness in tackling the phenomenon. To sustain stability of the financial sector and greening of its broad spectrum of activities, there is the need for an enterprise-wide risk approach better delivered through the enterprise risk management (ERM) model. This chapter, therefore, assesses the level of preparation of Nigeria's regulatory bodies and the financial sector on how best to tackle the emerging physical, transitory and indirect risks involved; it also captured the feelers of various stakeholders via responses to the questionnaire. Among other things, the authors recommend the greening of macro-prudential regulations, dynamic monetary policies, and overall framework for the financial sector to reflect the realities of climate change.

scholarly journals ANALISIS FIRM VALUE PADA PERUSAHAAN YANG MENERAPKAN ENTERPRISE RISK MANAGEMENT (ERM)

2016 ◽  
Vol 1 (3) ◽  
pp. 118
Author(s):  
Ahmad Zaky ◽  
Mukaram Mukaram
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Firm Value ◽  
Financial Sector ◽  
The United States ◽  
Enterprise Risk Management ◽  
Potential Growth ◽  
Enterprise Risk ◽  
Significant Difference ◽  
The Impact

A risk is not an odd thing which is encountered in the business activities. Therefore, risk management is becoming a serious concern within the company. To anticipate the impact of risk on the company and in order to create the Firm Value, Enterprise Risk Management (ERM) has been developed. ERM is not just aimed at the creation of value for the company, ERM is believed to be able to manage the risks facing the company better and integrated through the business organization. However, in 2008, the financial crisis in the United States become consideration of the impact of the implementation of ERM in the firm, particularly in the financial sector. An unsuccessful management of the firms in the financial sector could have a major impact on the economy of a country that resulted in the financial crisis occurred and many of those who argue that this is due to an irrelevant and improper implementation of ERM. In order to examine this, this research conducted on the financial sector in Indonesia, especially the listed banking companies in Indonesia Stock Exchange. In this study, the samples are 37 banking firms listed on Indonesia Stock Exchanges to examining the differences Firm Value means between the banking firms which implement ERM and banking firm which do not implement ERM. The Results show that among the bank companies, there is no significant difference of the magnitude of the Firm Value of an existing company. In essence, the financial sector especially the banking industry in Indonesia, the implementation of ERM is not an appropriate solution of efforts to increase the value of the firm in order to increase the potential growth of the investment.

scholarly journals The Role of The Internal Audit Management of Enterprise Risk Management

2018 ◽  
Vol 1 (2) ◽  
pp. 110-119
Author(s):  
Siwidyah Desi Lastianti ◽  
Endang Muryani ◽  
Mahrus Ali
Keyword(s):  
Risk Management ◽  
Control Strategies ◽  
Internal Audit ◽  
Financial Sector ◽  
Enterprise Risk Management ◽  
Corporate Management ◽  
Enterprise Risk ◽  
Audit Management ◽  
Financial Issues

The aim of the study to present the role of internal audit in the company. The role of internal audit in the company is very important to control not only the financial sector but also other sectors that have been determined by the management. There is a relationship that is so tightly between the internal audit and corporate management, internal audit which can increase the value and achieve its goals. Internal audit should also adjust its function, not only on financial issues, but other problems, associated with risk and improved control strategies.

Effect of Enterprise Risk Management on Firm Value: Empirical Evidence from Non-Financial Firms in Pakistan

GIS Business ◽  
1970 ◽  
Vol 13 (2) ◽  
pp. 15-28
Author(s):  
Nouman Nasir
Keyword(s):  
Risk Management ◽  
Firm Value ◽  
Positive Impact ◽  
Stock Exchange ◽  
Enterprise Risk Management ◽  
Least Square ◽  
Return On Equity ◽  
Financial Firms ◽  
Enterprise Risk ◽  
Ordinary Least Square Regression

This research examines the effect of enterprise risk management on firm value in Pakistan. Further, this study empirically examines company characteristics that establish the execution of an enterprise risk management system. Using a sample of final dataset of 83 non-financial firms located in Pakistan. The sample included non-financial firms from the year 1999 to 2015 and so up to seventeen observation years per company. As in context of Pakistan, most of the organizations are already implement an ERM programs and establish specialized ERM departments because the ERM is now a global term and has become increasingly relevant because of the growing difficulty of risk and an additional development of regulatory frame works. For the empirical evidences, data collected from non-financial firms listed at the Pakistan Stock Exchange (PSX). Results of logistic regression shows that Capital Opacity, Profitability, Financial Leverage, Firm Size and Slack have positive impact on the implementation of an ERM system but Industrial diversification, Industry and Return on Equity are negatively related to an ERM engagement. The results of ordinary least square regression finds positive relationship between use of an ERM and firm value.

MODELLING AND CONTROLLING THE ENTERPRISE RISKS COMPLEX ASSESSMENT SYSTEMON THE BASIS OF RUSSIAN STATE STANDARD ISO 9001-2015 CONCERNING RISK-ORIENTED THINKING. GENERAL PROBLEMS AND WAYS OF SOLVING THEM

2020 ◽  
Vol 2020 (2) ◽  
pp. 33-41
Author(s):  
Irina Merzlyakova ◽  
Aleksandr Feofanov
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
State Standard ◽  
Control Model ◽  
Enterprise Risk Management ◽  
Iso 9001 ◽  
Management Procedure ◽  
Russian State Standard ◽  
Russian State ◽  
Enterprise Risk

The article considers general problems of implementing the enterprise risk management procedure. One of the ways to solve the problems arising when meeting Russian state standard ISO 9001-2015 requirements concerning risk-oriented thinking is presented. A risk assessment control model aimed at coordinating all kinds of the enterprise departments activities, forming a clear algorithm of risk management procedure implementation and attracting a greater number of employees towards this activity is offered.

Firm Ownership and Enterprise Risk Management: Evidence from a Developing Country

2020 ◽  
Vol 24 (02) ◽  
pp. 3679-3689
Author(s):  
Ooi Chee Keong ◽  
Abdurrahman Adamu Pantamee ◽  
Shafi Mohamad ◽  
Kwong Wing Chong Garrett
Keyword(s):  
Risk Management ◽  
Developing Country ◽  
Enterprise Risk Management ◽  
Firm Ownership ◽  
Enterprise Risk
Sign in / Sign up

Export Citation Format

Share Document