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Enterprise risk management: a review and conceptual framework encompassing management and accounting and finance disciplines

Sankalp Purushottam Naik & Ch. V.V.S.N.V. Prasad

International Journal of Risk Assessment and Management2023https://doi.org/10.1504/ijram.2023.139004review
ABDC C
Weight
0.26

What the paper says

Enterprise risk management (ERM) has gained increasing traction from investors, lenders, and regulators alike because of the increasing complexity of risks, higher frequency of uncertain events, and ERM's perceived benefits of value creation and performance improvement, along with transparency and better compliance. However, the debate over the form and shape of ERM and the tangibility of its benefits still lingers among accounting and finance and management scholars - the two primary disciplines contributing to ERM research. This literature review aims to propose a conceptual framework identifying the core components of ERM and detail the role of ERM in firm performance and value creation by incorporating both accounting and finance and management perspectives. This study lays the theoretical foundations, identifies ERM components, and suggests future academic research opportunities. It also makes a strong case for the adoption of ERM by practitioners.

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https://doi.org/https://doi.org/10.1504/ijram.2023.139004

Or copy a formatted citation

@article{sankalp2023,
  title        = {{Enterprise risk management: a review and conceptual framework encompassing management and accounting and finance disciplines}},
  author       = {Sankalp Purushottam Naik & Ch. V.V.S.N.V. Prasad},
  journal      = {International Journal of Risk Assessment and Management},
  year         = {2023},
  doi          = {https://doi.org/https://doi.org/10.1504/ijram.2023.139004},
}

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.