Optimizing enterprise risk management: a literature review and critical analysis of the work of Wu and Olson

Yongrok Choi, Xiaoxia Ye, Lu Zhao and Amanda C. Luo ()
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Yongrok Choi: Inha University
Xiaoxia Ye: Stockholm University
Lu Zhao: Stockholm University
Amanda C. Luo: University of Toronto

Annals of Operations Research, 2016, vol. 237, issue 1, No 15, 300 pages

Abstract: Abstract Risks exist in all aspects of our lives. Using data in both Scopus and ISI Web of Science, this review paper identifies pioneer work and pioneer scholars in enterprise risk management (ERM). Being ranked the first based on the review data, Desheng Wu has been active in this area by serving as a good academic network manager on the global research network, His global efforts with diverse networking have enabled him to publish outstanding papers in the field of ERM. Therefore, this paper also conducts a literature review of his papers and critical analysis of the work of Wu and Olson, from the perspective of the ERM, to glean implications and suggestions for the optimization and customization of the ERM.

Keywords: Enterprise risk management (ERM); Risk elements; W-O ERM model; Value at risk (VaR); Customization (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s10479-015-1789-5

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