The Essence of Enterprise Risk Management in Today’s Business Enterprises in Developed and Developing Nations

Muhammad Subhani () and Amber Osman

MPRA Paper from University Library of Munich, Germany

Abstract: Risk as expected is not that fearsome matter, although it may keep management awake at night; revenue would not be possible without it. Enterprise Risk Management at basics is broadly portrayed as structure of handling and managing risk across an organization. The key concern of this research is to investigate the ERM. The findings highlight that there are very few enterprises from developing nations which are into ERM while the developed nations’ enterprises are huskily and vigorously involved in it and this gap is due to the lack of awareness and serious concerns for value maximization of enterprise share holders in developing nations.

Keywords: Risk; Enterprise Risk Management; Financial Institutions; Developed Nations; Developing Nations (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cwa and nep-rmg
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