Moderating influences on the ERM Maturity-Performance Relationship

Mark Farrell; Ronan Gallagher

doi:10.1016/j.ribaf.2018.10.005

Moderating influences on the ERM Maturity-Performance Relationship

Research output: Contribution to journal › Article › peer-review

Abstract / Description of output

Enterprise Risk Management (ERM) focuses on the elevation of risk management to the center of the firm’s strategic activities. Risks are treated both as exposures to be managed and opportunities to be exploited. This study examines the firm performance implications of ERM maturation and more specifically firm characteristics that serve to engender or inhibit these performance implications. We find that in general ERM maturation increases firm value and return on assets and the impact is moderated by stakeholder related factors such as innovation intensity and knowledge focused industry structures. Additionally, we show that a firm’s complexity moderates the effect of ERM valuation over the long term.

Original language	English
Journal	Research in International Business and Finance
Early online date	1 Nov 2018
DOIs	https://doi.org/10.1016/j.ribaf.2018.10.005
Publication status	E-pub ahead of print - 1 Nov 2018

Keywords / Materials (for Non-textual outputs)

ERM Maturity
Enterprise Risk Management
ERM

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10.1016/j.ribaf.2018.10.005

ERMManuscriptResubmittedtoRIBAFAccepted author manuscript, 1.31 MBLicence: Creative Commons: Attribution-NonCommercial-NoDerivatives (CC BY-NC-ND)

Cite this

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title = "Moderating influences on the ERM Maturity-Performance Relationship",

abstract = "Enterprise Risk Management (ERM) focuses on the elevation of risk management to the center of the firm{\textquoteright}s strategic activities. Risks are treated both as exposures to be managed and opportunities to be exploited. This study examines the firm performance implications of ERM maturation and more specifically firm characteristics that serve to engender or inhibit these performance implications. We find that in general ERM maturation increases firm value and return on assets and the impact is moderated by stakeholder related factors such as innovation intensity and knowledge focused industry structures. Additionally, we show that a firm{\textquoteright}s complexity moderates the effect of ERM valuation over the long term.",

keywords = "ERM Maturity, Enterprise Risk Management, ERM",

author = "Mark Farrell and Ronan Gallagher",

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doi = "10.1016/j.ribaf.2018.10.005",

language = "English",

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T1 - Moderating influences on the ERM Maturity-Performance Relationship

AU - Farrell, Mark

AU - Gallagher, Ronan

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AB - Enterprise Risk Management (ERM) focuses on the elevation of risk management to the center of the firm’s strategic activities. Risks are treated both as exposures to be managed and opportunities to be exploited. This study examines the firm performance implications of ERM maturation and more specifically firm characteristics that serve to engender or inhibit these performance implications. We find that in general ERM maturation increases firm value and return on assets and the impact is moderated by stakeholder related factors such as innovation intensity and knowledge focused industry structures. Additionally, we show that a firm’s complexity moderates the effect of ERM valuation over the long term.

KW - ERM Maturity

KW - Enterprise Risk Management

KW - ERM

U2 - 10.1016/j.ribaf.2018.10.005

DO - 10.1016/j.ribaf.2018.10.005

M3 - Article

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JO - Research in International Business and Finance

JF - Research in International Business and Finance

ER -

Moderating influences on the ERM Maturity-Performance Relationship

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Keywords / Materials (for Non-textual outputs)

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