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Enterprise risk management and its effect on firm value in Turkey Muhammad Farhan ; Edited by Ozlem Sayilir

By: Contributor(s): Publication details: Deutschland : LAMBERT Academic Publishing, c2017.Description: ix, 78 p. : ill. ; 23 cmISBN:
  • 9783330080744
Subject(s): DDC classification:
  • 650 FA EN
Online resources: Summary: The importance of risk become enhance suddenly after financial crisis. Different initiatives have been taken to develop proper management approach. Enterprise risk management is one of advance approach use by most of multinational firm to management risk. This paper tries to find out relationship between ERM and firm value. There is no proper determinant to measure ERM but most of researches have been used Chief risk office appointment as determinant of ERM. We use survey responses as measure of ERM. We send online questionnaire to 130 firms register in Istanbul stock exchange. We used Tobin’s Q as measure of firm value. Our finding shows that there is no relationship between ERM and firm value but there is negative significant relationship between firm value and leverage. Our result also shows that ERM performing firms has less variation in long term debt.
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Holdings
Item type Current library Call number Status Notes Date due Barcode
REGULAR University of Wollongong in Dubai Main Collection 650 FA EN (Browse shelf(Opens below)) Available Mar2018 T0059266
REGULAR University of Wollongong in Dubai Main Collection 650 FA EN (Browse shelf(Opens below)) Available T0057803

The importance of risk become enhance suddenly after financial crisis. Different initiatives have been taken to develop proper management approach. Enterprise risk management is one of advance approach use by most of multinational firm to management risk. This paper tries to find out relationship between ERM and firm value. There is no proper determinant to measure ERM but most of researches have been used Chief risk office appointment as determinant of ERM. We use survey responses as measure of ERM. We send online questionnaire to 130 firms register in Istanbul stock exchange. We used Tobin’s Q as measure of firm value. Our finding shows that there is no relationship between ERM and firm value but there is negative significant relationship between firm value and leverage. Our result also shows that ERM performing firms has less variation in long term debt.

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