Review: Does enterprise risk management enhance firm performance?
We have just completed a substantial review of literature relating to enterprise risk management (ERM) and how it influences firm performance and value. It examined 212 papers, covering financial and non-financial firms across many jurisdictions and cultures. Of the 285 findings, 194 (68%) showed a positive relationship between ERM and firm performance, with only 13 findings (4.5%), from 11 papers, showing a negative relationship. The full review is available.
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