The relationship between enterprise risk management, value and firm characteristics based on the literature

Alexander Bohnert; Nadine Gatzert; Robert E. Hoyt; Philipp Lechner

doi:10.1007/s12297-017-0382-1

The relationship between enterprise risk management, value and firm characteristics based on the literature

Alexander Bohnert, Nadine Gatzert, Robert E. Hoyt, Philipp Lechner

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

16 Scopus citations

Abstract

In the wake of the increasing importance of comprehensive enterprise-wide risk management approaches (ERM) in the last years, e. g. due to stronger regulatory requirements, the field of research on ERM has attracted a considerable amount of attention in the literature. The aim of this paper is to provide a literature-based analysis of the theoretical arguments and empirical findings regarding firm characteristics in the context of measuring the impact of ERM on firm value. Due to the endogeneity problem, we focus on the direct impact as well as on the indirect impact (via ERM) of firm characteristics on firm value.

Original language	English
Pages (from-to)	311-324
Number of pages	14
Journal	Zeitschrift fur die gesamte Versicherungswissenschaft
Volume	106
Issue number	3-4
DOIs	https://doi.org/10.1007/s12297-017-0382-1
State	Published - 1 Dec 2017
Externally published	Yes

Access to Document

10.1007/s12297-017-0382-1

Cite this

@article{8bd5e427d9a6464f8d0e062bb8da521e,

title = "The relationship between enterprise risk management, value and firm characteristics based on the literature",

abstract = "In the wake of the increasing importance of comprehensive enterprise-wide risk management approaches (ERM) in the last years, e. g. due to stronger regulatory requirements, the field of research on ERM has attracted a considerable amount of attention in the literature. The aim of this paper is to provide a literature-based analysis of the theoretical arguments and empirical findings regarding firm characteristics in the context of measuring the impact of ERM on firm value. Due to the endogeneity problem, we focus on the direct impact as well as on the indirect impact (via ERM) of firm characteristics on firm value.",

author = "Alexander Bohnert and Nadine Gatzert and Hoyt, {Robert E.} and Philipp Lechner",

note = "Publisher Copyright: {\textcopyright} 2017, Springer-Verlag GmbH Deutschland.",

year = "2017",

month = dec,

day = "1",

doi = "10.1007/s12297-017-0382-1",

language = "English",

volume = "106",

pages = "311--324",

journal = "Zeitschrift fur die gesamte Versicherungswissenschaft",

issn = "0044-2585",

publisher = "Duncker und Humblot GmbH",

number = "3-4",

}

TY - JOUR

T1 - The relationship between enterprise risk management, value and firm characteristics based on the literature

AU - Bohnert, Alexander

AU - Gatzert, Nadine

AU - Hoyt, Robert E.

AU - Lechner, Philipp

PY - 2017/12/1

Y1 - 2017/12/1

N2 - In the wake of the increasing importance of comprehensive enterprise-wide risk management approaches (ERM) in the last years, e. g. due to stronger regulatory requirements, the field of research on ERM has attracted a considerable amount of attention in the literature. The aim of this paper is to provide a literature-based analysis of the theoretical arguments and empirical findings regarding firm characteristics in the context of measuring the impact of ERM on firm value. Due to the endogeneity problem, we focus on the direct impact as well as on the indirect impact (via ERM) of firm characteristics on firm value.

AB - In the wake of the increasing importance of comprehensive enterprise-wide risk management approaches (ERM) in the last years, e. g. due to stronger regulatory requirements, the field of research on ERM has attracted a considerable amount of attention in the literature. The aim of this paper is to provide a literature-based analysis of the theoretical arguments and empirical findings regarding firm characteristics in the context of measuring the impact of ERM on firm value. Due to the endogeneity problem, we focus on the direct impact as well as on the indirect impact (via ERM) of firm characteristics on firm value.

UR - http://www.scopus.com/inward/record.url?scp=85037625740&partnerID=8YFLogxK

U2 - 10.1007/s12297-017-0382-1

DO - 10.1007/s12297-017-0382-1

M3 - Article

AN - SCOPUS:85037625740

SN - 0044-2585

VL - 106

SP - 311

EP - 324

JO - Zeitschrift fur die gesamte Versicherungswissenschaft

JF - Zeitschrift fur die gesamte Versicherungswissenschaft

IS - 3-4

ER -

The relationship between enterprise risk management, value and firm characteristics based on the literature

Abstract

Access to Document

Other files and links

Fingerprint

Cite this