Evaluation of Enterprise Risk Management (ERM) in Dubai – An Emerging Economy

Rao, Ananth

doi:10.1057/palgrave.rm.8250031

Cited by 18 publications

(14 citation statements)

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“…Practices under risk management process enable the organization to assimilate business strategies so as to accomplish the desired objectives. Rao (2007) did studies to evaluate the prominence of ERM in companies in Dubai. Primary data was obtained by interviewing 92 managers and business executives who belonged to several industry sectors through a survey carried out in February-March 2006.…”

Section: Risk Management Process Practices and Organizational Performmentioning

confidence: 99%

The Influence of Enterprise Risk Management Practices on Organizational Performance: Evidence from Kenyan State Corporations

Girangwa

Rono

Mose

2020

Journal of Accounting, Business and Finance Research

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The main purpose of the study was to determine enterprise risk management effect on organizational performance of state corporations in Kenya. This study was guided by agency theory. The study used explanatory cross sectional survey design. Primary data was collected from structured questionnaires. A survey was carried out on 218 state corporations in Kenya. Data collected was analyzed by use of descriptive and inferential statistics. The research hypotheses were tested using multiple regression analysis. The results revealed that risk structure, governance and process practices had positive and significant effect on organizational performance. This study contributes to theory by centering enterprise risk management on the empirical testing of agency theory on the relationship between enterprise risk management practices and organizational performance. The study recommends that policy makers in state corporations should integrate risk management practices across all functions and business units for the purpose of addressing risks before they even occur.

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Section: Risk Management Process Practices and Organizational Performmentioning

confidence: 99%

The Influence of Enterprise Risk Management Practices on Organizational Performance: Evidence from Kenyan State Corporations

Girangwa

Rono

Mose

2020

Journal of Accounting, Business and Finance Research

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“…Conversely, other researchers including Aaker and Jacobson (1987) and Belanes and Hachana (2009), advanced that due to being at the nascent stages of adoption and at varying stages in various organizations, enterprise risk management is yet to significantly influencing performance. Additionally, others posited that due to the fragmented implementation of enterprise risk management it is difficult to measure its impact (Rao, 2007;McShane et al, 2011 andBeasley et al, 2006). Despite Enterprise risk management being at its nascent stages of adoption and integration in all aspects of government business, this study provided further evidence from the Kenyan owned state corporations, acknowledging ERM"s influence on organizational performance.…”

Section: Enterprise Risk Management and Organizational Performance \mentioning

confidence: 99%

Enterprise Risk Management, Top Management Demographics, Macro Environment and Organizational Performance: Evidence from Kenyan State-Owned Corporations

Otieno¹,

Ogutu²,

Ndemo³

et al. 2019

IJBSS

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This journal is a conceptualization of the relationship between Enterprise risk management, Top management demographics, Macro environment and performance. Some researchers have argued that Enterprise risk management influence performance positively whereas others have advanced that the influence is negative whereas others have contended that this strategic management practice is fairly recent, adopted to varying extent and its influence on performance is yet to be fully realized. There is also no agreement on the moderating influence of Top management demographics on the relationship between Enterprise risk management and organizational performance. The moderating influence of Macro environment on the relationship between Enterprise risk management and performance is also not conclusive. It was for this reason that there was need to explore the existence of these relationships. The context of the study was Kenyan State-owned corporations.

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“…Drew and Kendrick (2005) reported that the use of risk management is considered as an indicator of competent organizational governance. However, risk mismanagement can lead to several adverse consequences, including financial loss, decreased shareholder value, damaged company reputation, dismissal of senior management and even business failure (Rao, 2007).…”

Section: Literature Reviewmentioning

confidence: 99%

Developing a risk management assessment framework for public administration in Taiwan

et al. 2014

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This study aimed to assist the Taiwanese government in evaluating the effectiveness of risk management policies. A total of 74 assessment items on the risk management of public administration were selected from relevant studies and self-assessment questionnaires were distributed to agencies under the Executive Yuan in Taiwan. The data provided by experts from these agencies were analyzed using the focus group method. The findings can serve as effective assessment criteria for the government to ensure risk management implementation and to monitor the effectiveness of public administration.

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Evaluation of Enterprise Risk Management (ERM) in Dubai – An Emerging Economy

Cited by 18 publications

References 0 publications

The Influence of Enterprise Risk Management Practices on Organizational Performance: Evidence from Kenyan State Corporations

The Influence of Enterprise Risk Management Practices on Organizational Performance: Evidence from Kenyan State Corporations

Enterprise Risk Management, Top Management Demographics, Macro Environment and Organizational Performance: Evidence from Kenyan State-Owned Corporations

Developing a risk management assessment framework for public administration in Taiwan

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