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Zeitschrift für die gesamte Versicherungswissenschaft
Erschienen in: Zeitschrift für die gesamte Versicherungswissenschaft 3-4/2017

03.11.2017 | Abhandlung

The relationship between enterprise risk management, value and firm characteristics based on the literature

verfasst von: Alexander Bohnert, Nadine Gatzert, Robert E. Hoyt, Philipp Lechner

Erschienen in: Zeitschrift für die gesamte Versicherungswissenschaft | Ausgabe 3-4/2017

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Abstract

In the wake of the increasing importance of comprehensive enterprise-wide risk management approaches (ERM) in the last years, e. g. due to stronger regulatory requirements, the field of research on ERM has attracted a considerable amount of attention in the literature. The aim of this paper is to provide a literature-based analysis of the theoretical arguments and empirical findings regarding firm characteristics in the context of measuring the impact of ERM on firm value. Due to the endogeneity problem, we focus on the direct impact as well as on the indirect impact (via ERM) of firm characteristics on firm value.
Vorheriger Artikel Konkrete und abstrakte Schadensberechnung in der Sachversicherung
Nächster Artikel Defaults and advice in self-customization procedures of insurance

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Fußnoten
1
For further information regarding initiatives of US regulators (e. g. Sarbanes-Oxley Act, Dodd-Frank Wall Street Reform and Consumer Protection Act, ORSA requirements of the NAIC, and SEC requirements), see Hoyt and Liebenberg (2015) and Whitman (2015).
 
2
For a comprehensive literature review regarding the determinants of ERM engagements and previous empirical work concerning the value relevance of ERM, see Gatzert and Martin (2015).
 
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Metadaten
Titel
The relationship between enterprise risk management, value and firm characteristics based on the literature
verfasst von
Alexander Bohnert
Nadine Gatzert
Robert E. Hoyt
Philipp Lechner
Publikationsdatum
03.11.2017
Verlag
Springer Berlin Heidelberg
Erschienen in
Zeitschrift für die gesamte Versicherungswissenschaft / Ausgabe 3-4/2017
Print ISSN: 0044-2585
Elektronische ISSN: 1865-9748
DOI
https://doi.org/10.1007/s12297-017-0382-1

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