The Effects of Enterprise Risk Management on Firm Performance

By Donald P. Pagach, Richard S. Warr. 2010

271 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, General Agricultural and Biological Sciences

View Paper: https://www.semanticscholar.org/paper/f68b4373f08bdfccc967e47eb612b8ff51b6c35a

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In Accounting

1. P. Lechner
2. Sara Lundqvist
3. Nadine Gatzert
4. Y. Tse
5. Timothy A. Krause

In Economics and Econometrics

1. P. Lechner
2. Sara Lundqvist
3. Nadine Gatzert

In General Agricultural and Biological Sciences

1. P. Lechner
2. Sara Lundqvist
3. Nadine Gatzert

Citations in the corpus

• Determinants and Value of Enterprise Risk Management: Empirical Evidence From the Literature (2015, unknown): “Third, Pagach and Warr (2010) 27 The first three (of five) S&P ERM rating categories are assumed to reflect a traditional risk management approach, while levels four and five represent holistic ERM concepts.”
• The Effect of the Enterprise Risk Management Implementation on the Firm Value of European Companies (2013, background): “…slack, defined as the ratio between company liquidity plus short term investments over the book value of assets, the evidence is not unanimous (Pagach and Warr 2010): some firms involved in an ERM protocol have a higher level of financial slack in order to reduce their probability of default;…”
• The Value of Enterprise Risk Management (2011, unknown): “3 Two exceptions are the recent studies related to chief risk officer appointments by Beasley, Pagach, and Warr (2008) and Pagach and Warr (2010).”
• Enterprise Risk Management Program Quality: Determinants, Value Relevance, and the Financial Crisis (2013, unknown): “By reducing the likelihood and impact of extreme, negative financial events, firms avoid direct costs such as losses and bankruptcy, and indirect costs such as reputational effects with customers and suppliers (Pagach and Warr 2008).”
• An Exploratory Study of Enterprise Risk Management (2014, background): “Pagach and Warr (2010) find, however, that financial performance does not change as a result of adopting ERM.”
• Determinants and value of enterprise risk management: empirical evidence from Germany (2017, background): “Capital opacity: To control for the impact of opaque assets on shareholder value, we include the variable Capital opacity, defined as the quotient of intangible assets and the book value of total assets (see, e.g. Pagach and Warr 2010; Hoyt and Liebenberg 2011).”