Analysis of the Implementation of Enterprise Risk Management (ERM) on the Performance of Financial Statements in Real Estate Company

Albert (), Muhammad Naufal Williand () and Ignatius Edward Riantono ()
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Albert: Bina Nusantara University
Muhammad Naufal Williand: Bina Nusantara University
Ignatius Edward Riantono: Bina Nusantara University

A chapter in New Perspectives and Paradigms in Applied Economics and Business, 2024, pp 205-222 from Springer

Abstract: Abstract Enterprise Risk Management (ERM) can provide added value to companies by helping to facilitate management in controlling various types of risks caused by uncertain conditions through integrating all types of risks that arise using integrated tools and techniques, then coordinating the activities of these risks to all units. With proper ERM implementation, company goals will be more easily achieved, through effective and efficient use of resources without violating applicable laws or economic regulations. Each company will produce financial reports that reflect the company's performance or operations. The proper implementation of ERM will also enable companies to improve financial reporting performance. The application of ERM is seen as a positive signal by investors so that the positive response given by investors can provide added value to the company. When viewed from the perspective of regulations governing ERM, the banking industry has many regulations governing the implementation of ERM, but if we look at it from the real estate industry perspective, regulations governing ERM are still relatively few. Therefore, this paper is focused on discussing more deeply the application of ERM in the real estate industry.

Keywords: Enterprise Risk Management; Financial statement performance; Real estate industry (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-49951-7_15

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DOI: 10.1007/978-3-031-49951-7_15

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