The Value of Enterprise Risk Management: Evidence from the U.S. Insurance Industry

By Robert E. Hoyt, Dudley L. Moore, Andre P. Liebenberg. 2006

966 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/3bd1d62e4410eed058d8eb5baeed3d82dfb4c411

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Citations in the corpus

The Impact of Enterprise Risk Management on the Marginal Cost of Reducing Risk: Evidence from the Insurance Industry (2014, unknown): “Consistent with the clientele argument, institutional ownership is positively and significantly related to the probability of ERM adoption (Hoyt and Liebenberg, 2011).”
Information Conveyed in Hiring Announcements of Senior Executives Overseeing Enterprise-Wide Risk Management Processes (2008, unknown): “Our finding is consistent with Hoyt and Liebenberg (2006) who find the extent of ERM usage is negatively associated with the extent of leverage.”
Risk management and firm value: recent theory and evidence (2016, background): “The survey of Gatzert and Martin (2015) includes a review of Hoyt and Liebenberg (2011), who find a positive relation between Tobin’s q and ERM for a sample of 177 US insurance companies.”
Enterprise risk management and firm performance: A contingency perspective (2009, methodology): “With respect to an ERM system, Beasley et al. (2005) and Hoyt and Liebenberg (2009) found firm size to be positively related to the adoption of ERM.”
Enterprise risk management in SMEs: Towards a structural model (2016, background): “These findings correspond to those of recent studies (Hoyt and Liebenberg, 2011; Paape and Speklé, 2012).”
Determinants and value of enterprise risk management: empirical evidence from Germany (2017, methodology): “Second, our logistic regression results provide evidence that less leveraged firms are significantly related to ERM implementations, which is also in line with Hoyt and Liebenberg (2011). In addition, a statistically significant positive relationship between ERM and international diversification can”
Enterprise Risk Management: A Literature Review and Agenda for Future Research (2020, background): “The paper of Hoyt and Liebenberg (2011) is among the first that analyzes milestone topics related to ERM (ERM determinants and ERM effects on firm value) and therefore, it became a highly influential paper.”
Corporate social responsibility engagement and firm performance in Asia Pacific: The role of enterprise risk management (2019, background): “Past research has also shown that ERM enhances firm performance (Florio & Leoni, 2017; Hoyt & Liebenberg, 2011; Mohammed & Knapkova, 2016).”
An Exploratory Study of Enterprise Risk Management (2014, background): “Many researchers using public information searches use simple proxies to identify ERM implementation, like the existence of a CRO position or similarly a senior risk officer (Beasley et al., 2008; Hoyt & Liebenberg, 2011; Liebenberg & Hoyt, 2003; Pagach & Warr, 2010, 2011).”
Does Enterprise Risk Management Increase Firm Value? (2011, unknown): “Beasley, Pagach, and Warr (2008) and Hoyt and Liebenberg (2011) use the appointment of a chief risk officer (CRO) as a proxy for ERM implementation, whereas Gordon, Loeb, and Tseng (2009) develop their own ERM index.”