Examining the Relationship Between Enterprise Risk Management and Firm Performance in Malaysia

Mazurina Mohd Ali · Nur Shazwani Ab Hamid · Erlane K Ghani

14 citations0/0 files storedInternational Journal of Financial Research

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Risk Management in Financial Firms Corporate Finance and Governance Corporate Governance and Financial Management

Abstract

This study aims to examine the relationship between enterprise risk management (ERM) implementation and firm performance in Malaysia. Using the sample from 2010 to 2016, this study examines the relationship between ERM and firm performance among Malaysian top 100 public listed firms registered on the Index FTSE Bursa Malaysia 100 (FBM100) KLSE. This study also provides comparisons before and after the introduction of Bursa Malaysia Guidelines 2013. This study shows a positive and significant coefficient between profitability and firm performance towards ERM implementation. However, this study shows insignificant relationship between firm size, financial leverage and audit firm with firm performance. This study also shows that there is an increase in the mean score and standard deviation of these variables after the implementation of Bursa Malaysia Guideline 2013. The findings in this study provides an understanding to the Malaysian public listed firms on the importance of ERM and subsequently, maximise the benefits of ERM especially after the introduction of Bursa Malaysia Guidelines 2013 for the benefits of their stakeholders and regulatory improvement in future.

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2015Risk assessment and risk management: Review of recent advances on their foundation 2012Enterprise Risk Management—Integrated Framework 2017Measuring firm size in empirical corporate finance 2005Enterprise risk management: An empirical analysis of factors associated with the extent of implementation 2006Risk reporting: A study of risk disclosures in the annual reports of UK companies 2003The Determinants of Enterprise Risk Management: Evidence From the Appointment of Chief Risk Officers 2004A framework for the analysis of firm risk communication 2003The Effect of Corporate Governance on the Use of Enterprise Risk Management: Evidence From Canada

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