Regulation of enterprise risk management: a comparative analysis of Australia, Germany and the USA

Bledow, Nicolai; Sassen, Remmer; Wei, Sylvia Ooi Sil

doi:10.1504/ijcm.2019.100856

Cited by 7 publications

(5 citation statements)

References 61 publications

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“…At present, in the rapidly changing environment, the need for organizational innovation capability is further enhanced (Bysted 2013;Kurz et al 2018). Bledow et al (2019) argued that innovation is not an unrestrained and vigorous speculation but requires a divergent mind and the ability to restrain and adopt new methods, as well as constantly proposing critical ideas in the two stages. Within the organization, employees' innovative behavior must require them to consider outside the existing framework (Bysted 2013;Chin and Rasdi 2014;De Vos et al 2011), but it also implies that employees must have the courage to identify defects and problems and be willing to provide suggestions (Akgunduz et al 2018;Kurz et al 2018) in order to promote and improve employees' innovative behavior (George and Zhou 2007).…”

Section: Relationship Between Knowledge Transfer and Innovative Behaviormentioning

confidence: 99%

The impact of perceived organizational support on employees’ knowledge transfer and innovative behavior: comparisons between Taiwan and mainland China

Peng,

Xu,

Zheng

et al. 2023

Humanit Soc Sci Commun

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This study investigates the correlations among perceived organizational support (POS), self-efficacy, knowledge transfer, and innovative behaviors of employees in the information service companies of Taiwan and mainland China using goal-oriented behavior and social identity theory. A structural model was built, and data were collected through a survey conducted in two rounds, two months apart, during the COVID-19 pandemic. The results indicate that POS significantly affects innovation behavior and self-efficacy in both regions, and self-efficacy plays a key mediating role in the research model. However, the relationship between POS and knowledge transfer was non-significant for mainland China. The study also reveals that the culture of knowledge sharing in the organization can promote employees’ innovation, knowledge sharing behavior, communication, and knowledge transfer. The findings imply that managers should provide organizational support to improve employees’ innovative minds and self-belief, particularly during the pandemic. This research fills a theoretical gap by applying Western theories in an Eastern context and broadening the generalization of the theory. It provides practical implications for improving the quality of human resources by suggesting that managers should provide organizational support to improve employees’ innovative minds and self-belief, particularly during a pandemic. Additionally, it contributes to the literature by examining how cross-cultural differences affect the relationships among POS, self-efficacy, knowledge transfer, and innovative behavior. This study also enriches the literature about employees in particular regions and their service innovation behaviors.

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Section: Relationship Between Knowledge Transfer and Innovative Behaviormentioning

confidence: 99%

The impact of perceived organizational support on employees’ knowledge transfer and innovative behavior: comparisons between Taiwan and mainland China

Peng,

Xu,

Zheng

et al. 2023

Humanit Soc Sci Commun

View full text Add to dashboard Cite

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“…These inspired several publications on corporate governance reforms and legislations all over the world. They encouraged firms to move beyond the financial risks sphere and adopt a broader range of risks (Bledow et al, 2019). By the early 2000s, the notion of a "holistic" risk management framework took a more concrete shape.…”

Section: Introductionmentioning

confidence: 99%

Benefits of Enterprise Risk Management: A Systematic Review of Literature

Naik

Prasad

2021

J. Fin. Bank. Review

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Objective: In an enhanced climate of risk complexities, the firm's stakeholders desire a risk management framework that promises the benefits of efficiencies, transparencies, and solutions for interrelated risks. Enterprise risk management (ERM) is widely seen as a suitable instrument to address these issues. However, not all are convinced of ERM's benefits. This necessitates a review of extant literature and collating it to generate interrelated insights. This paper reviews articles on ERM from the management and finance domain and catalogs the benefits of ERM. Methodology/Technique: This paper reviews 129 articles addressing ERM benefits. It examines the academic disciplines of journals publishing ERM studies by looking into their H Indices, SJR scores, and ABDC rankings to assess ERM's impact and acceptability among scholars. The research articles are analyzed for their subject domains, geographic scope, and methodology used in exploring the relationship between ERM adoption and its benefits to the firm. Collating and reviewing these articles enables the mitigation of data gaps. These studies were primarily from accounting, finance, management, corporate governance, and strategy domains. Findings: Improved cost-effectiveness, earnings stability, increased profitability, improved decision making, better risk communication, competitive advantage, better resource allocation, enhanced firm value, and performance are the key benefits of ERM adoption identified in this study. A knowledge gap is presented around assessing ERM benefits and extending ERM research scope to developing countries like India. Novelty: The study catalogs the benefits of ERM and makes a strong case for ERM adoption among firms. Type of Paper: Review JEL Classification: M10, M14, G30, G32 Keywords: Enterprise risk management (ERM); firm value; firm performance; ERM benefits; Covid19 Reference to this paper should be made as follows: Naik, S; Prasad, Ch.V.V.S.N.V. (2021). Benefits of Enterprise Risk Management: A Systematic Review of Literature, Journal of Finance and Banking Review, 5 (4): 28 – 35. https://doi.org/10.35609/jfbr.2021.5.4(3)

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“…Companies in various countries and fields of activity focus this aspect of risk management on research. For example, Chinese construction firms in Singapore [3], Croatian Companies [4], Malaysian companies [5], petrochemical industry companies [6], French firms [7], Australia, Germany and the USA companies [8], Spanish companies [9].…”

Section: Introduce the Problemmentioning

confidence: 99%

Owner’s Risk Management System

Масленников¹,

Kalinina²

2020

Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP

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Currently, with the development of digital management in companies, negative trends are increasing due to the lack of new tools to identify critical deviations that reduce business efficiency. Overcoming this negative trend in practice is carried out by creating an effective risk management system. The example of owner's risk management shows their place in the process of creating value, defined the role of participants in this activity, On the example of financial risks, a system of measures to minimize risks for a manufacturing company is described. The key focus of the study is the assessment of the relationships between the financial component of owner's risks, places of their occurrence, risk factors and the degree of influence on potential losses of the company owner.

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Regulation of enterprise risk management: a comparative analysis of Australia, Germany and the USA

Cited by 7 publications

References 61 publications

The impact of perceived organizational support on employees’ knowledge transfer and innovative behavior: comparisons between Taiwan and mainland China

The impact of perceived organizational support on employees’ knowledge transfer and innovative behavior: comparisons between Taiwan and mainland China

Benefits of Enterprise Risk Management: A Systematic Review of Literature

Owner’s Risk Management System

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