Enterprise risk management adoption: an empirical investigation of its effects on firm performance

Detalhes bibliográficos
Autor(a) principal: Carcani, Federica
Data de Publicação: 2015
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/15595
Resumo: Enterprise Risk Management (ERM) is gaining relevance among financial and non-financial companies but its benefits still are uncertain. This paper aims at investigating the relationship between ERM adoption and firm performance based on a sample of 1130 non-financial companies belonging to the STOXX® index. A content analysis of individual accounts is performed to distinguish adopters, and a regression analysis explores the effect of ERM adoption on firm performance, proxied by Tobin’s Q. The findings suggest that there is a statistical significant positive effect of ERM adoption on firm performance, meaning that firms are benefiting from the implementation of this process.
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spelling Enterprise risk management adoption: an empirical investigation of its effects on firm performanceEnterprise risk managementERMFirm performanceERM adoptersTobin’s Q, STOXX® IndexDomínio/Área Científica::Ciências Sociais::Economia e GestãoEnterprise Risk Management (ERM) is gaining relevance among financial and non-financial companies but its benefits still are uncertain. This paper aims at investigating the relationship between ERM adoption and firm performance based on a sample of 1130 non-financial companies belonging to the STOXX® index. A content analysis of individual accounts is performed to distinguish adopters, and a regression analysis explores the effect of ERM adoption on firm performance, proxied by Tobin’s Q. The findings suggest that there is a statistical significant positive effect of ERM adoption on firm performance, meaning that firms are benefiting from the implementation of this process.Ferreira, LeonorVecchione, VittorioRUNCarcani, Federica2016-06-30T00:30:10Z2015-062015-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/15595TID:201473763enginfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:51:48Zoai:run.unl.pt:10362/15595Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:22:38.619102Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Enterprise risk management adoption: an empirical investigation of its effects on firm performance
title Enterprise risk management adoption: an empirical investigation of its effects on firm performance
spellingShingle Enterprise risk management adoption: an empirical investigation of its effects on firm performance
Carcani, Federica
Enterprise risk management
ERM
Firm performance
ERM adopters
Tobin’s Q, STOXX® Index
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Enterprise risk management adoption: an empirical investigation of its effects on firm performance
title_full Enterprise risk management adoption: an empirical investigation of its effects on firm performance
title_fullStr Enterprise risk management adoption: an empirical investigation of its effects on firm performance
title_full_unstemmed Enterprise risk management adoption: an empirical investigation of its effects on firm performance
title_sort Enterprise risk management adoption: an empirical investigation of its effects on firm performance
author Carcani, Federica
author_facet Carcani, Federica
author_role author
dc.contributor.none.fl_str_mv Ferreira, Leonor
Vecchione, Vittorio
RUN
dc.contributor.author.fl_str_mv Carcani, Federica
dc.subject.por.fl_str_mv Enterprise risk management
ERM
Firm performance
ERM adopters
Tobin’s Q, STOXX® Index
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Enterprise risk management
ERM
Firm performance
ERM adopters
Tobin’s Q, STOXX® Index
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Enterprise Risk Management (ERM) is gaining relevance among financial and non-financial companies but its benefits still are uncertain. This paper aims at investigating the relationship between ERM adoption and firm performance based on a sample of 1130 non-financial companies belonging to the STOXX® index. A content analysis of individual accounts is performed to distinguish adopters, and a regression analysis explores the effect of ERM adoption on firm performance, proxied by Tobin’s Q. The findings suggest that there is a statistical significant positive effect of ERM adoption on firm performance, meaning that firms are benefiting from the implementation of this process.
publishDate 2015
dc.date.none.fl_str_mv 2015-06
2015-06-01T00:00:00Z
2016-06-30T00:30:10Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/15595
TID:201473763
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identifier_str_mv TID:201473763
dc.language.iso.fl_str_mv eng
language eng
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instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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