From Traditional Risk Management Approaches to Enterprise Risk Management

Differences, Current Research Areas, and Potential Benefits of ERM

von Reka Müller

32 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

Seminar paper from the year 2021 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,7, Friedrich-Alexander University Erlangen-Nuremberg, language: English, abstract: Risk Management systems are used by nearly every company nowadays, also because of increasing regulatory requirements like the Sarbanes Oxley Act from 2002 or Solvency II from 2016. These frameworks call for an integrated perspective on firms' risk portfolios. Enterprise Risk Management (ERM) is a risk management system that considers risk on the entity level and is, therefore, an alternative to traditional, silo-based risk management approaches. This literature review compares the results of 25 empirical studies concerning the value-creating potential of ERM and whether companies might benefit from the implementation.

• Reihe: Aus der Reihe: e-fellows.net stipendiaten-wissen
• Themen: Wirtschaftswissenschaft, Finanzen, Betriebswirtschaft und Management Finanz- und Rechnungswesen Finanzenwesen und Finanzindustrie Bankwesen
• ISBN: 9783346392169
• Sprache: Englisch
• Erscheinungsdatum: 21.06.2021
• Größe: 210 x 148 mm
• Verlag: GRIN Verlag