Enterprise Risk Management in Poland

Buczkowski, Bogdan

doi:10.1108/978-1-83867-245-420211009

Cited by 2 publications

(2 citation statements)

References 2 publications

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“…In the case of countries with a high concentration of company ownership (including Poland), the principal-agent problem in corporate governance is much smaller than in the case of countries with dispersed company ownership (Claessens and Yurtoglu, 2013) [12]. Therefore, in continental corporate models, the more important aspect of ERM is collecting information about risk exposures in a timely, intelligible and relevant format, so as to be used to support centralized decision-making regarding the firm’s total risk-return profile (Jankensgård, 2019; Buczkowski, 2021). While in the Anglo-Saxon corporate model the traditional role of corporate governance is to reduce the risk aversion of managers and motivate them toward strategies that yield higher returns for owners and contribute to higher company value (Jensen and Meckling, 1976), in the continental corporate models the more important role of corporate governance is to control strategic decisions and maintain a level of risk acceptable to shareholders.…”

Section: Discussionmentioning

confidence: 99%

Impact of corporate network position on strategic risk and company’s performance – evidence from Poland

Światowiec-Szczepańska

Stępień

2021

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Purpose The purpose of this study is to investigate the links between a company’s position in a corporate network with its financial performance and strategic risk in the context of the largest Central European stock market. Design/methodology/approach This study integrates the theory of social network analysis (SNA) with corporate governance theory with a special focus on resource dependence theory. Using the framework of network social analysis, the authors use network measures of social capital and embeddedness. Findings The results of studying companies listed on the Polish stock exchange indicate that a company’s corporate network position has a significant negative impact on strategic risk while having no influence on its financial performance. The research also highlights the importance of a firm’s corporate governance model for both performance and strategic risk. Research limitations/implications The data collected, and SNA measures used made it possible to conduct a cross-sectional study. Compared to longitudinal studies, this type of study has a couple of disadvantages addressed in the paper. In the future, the dependencies observed in this study should be tested using longer-term data. Originality/value To the best of the author’s knowledge, this is the first paper integrating the corporate personal and capital networks to test risk and performance dependencies in the context of Poland’s corporate governance model. The findings and conclusions can also be applied to analyzing Central and Eastern Europe stock markets.

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Section: Discussionmentioning

confidence: 99%

Impact of corporate network position on strategic risk and company’s performance – evidence from Poland

Światowiec-Szczepańska

Stępień

2021

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“…Remote activities are understood as activities within the process of conformity assessment or accreditation, which do not require the physical presence of the assessing personnel at the site of the object of assessment. Remote activities are mainly used as determination activities but can contribute to all functions of conformity assessment, such as virtual meetings (with internal staff or with external clients and stakeholders), web-based document review, remote auditing, assessing and evaluating by ICT, review and decision making by electronic communication (e.g., by circular emails, web-based voting), and e-learning (Smith et al, 2020).…”

Section: The Role Of Standardization To Respond Pandemic Covid-19 And...mentioning

confidence: 99%

Role of Risk Management and Standardization for supporting Innovation in New Normal based on Lessons Learned during Pandemic COVID-19

Prasetya¹,

Yopi²,

Tampubolon³

2023

IJTech

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, which hit all countries in the world at the end of 2019, has disrupted various aspects of life, social, economic, and work model in organizations such as government organizations, private organizations, and businesses. In terms of a supply chain, the various activities are production, processing, distribution, and consumption. Many efforts have done to overcome this situation, not only to combat the pandemic its selves but also to the resulting impact in the shortterm, middle-term, and long-term, national-wide or locally. In the course of time, there are still a lot of risks that must be well managed and mitigated properly. On the other hand, there are also opportunities to open innovation based on the lesson learned from the COVID-19 pandemic. This paper describes the role of risk management and standardization in supporting innovation in the new normal based on lessons learned during the COVID-19 pandemic. Key factors affecting risk management and standardization on the innovation are identified and analyzed. Some recommendations for improvement based on risk management and standardization are also summarized. The method used in this review is descriptive-analytic based on literature studies from several scientific journals, and publications released by international organizations, associations, and government policies.

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Enterprise Risk Management in Poland

Cited by 2 publications

References 2 publications

Impact of corporate network position on strategic risk and company’s performance – evidence from Poland

Impact of corporate network position on strategic risk and company’s performance – evidence from Poland

Role of Risk Management and Standardization for supporting Innovation in New Normal based on Lessons Learned during Pandemic COVID-19

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