Ab. Wahab, Norlida and Ghazali, Zahiruddin (2013) Does enterprise risk management create value. Journal of Advanced Management Science, 1 (4). pp. 358-362. ISSN 2168-0787

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Abstract

This research paper examines whether the enterprise risk management (ERM) practices can create value to Malaysian public listed companies (PLCs) in Malaysia. The sample consists of 417 PLCs in Malaysia.The analysis focuses on the companies’ financial characteristics by using stepwise multiple regressions.This research ventures into understanding the influence of financial ratios and risk management on shareholders wealth.The findings show that return on equity, opacity, debt over asset, operating margin, cost of financing and taxation, and financial slack are significant for financial companies.While, only return on asset is significant for financial companies.This is could be due to the nature of financial companies that are highly regulated.

Item Type:	Article
Uncontrolled Keywords:	enterprise risk management, shareholder value, corporate governance, public listed companies, Malaysia
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	School of Economics, Finance & Banking
Depositing User:	Dr. Norlida Ab. Wahab
Date Deposited:	06 Sep 2015 02:59
Last Modified:	19 Apr 2018 06:31
URI:	https://repo.uum.edu.my/id/eprint/15394

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