ARTÍCULO
TITULO

The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance

Teoh Ai Ping    
Lee Kaih Yeang    
Rajendran Muthuveloo    

Resumen

This paper examines the relationship of Enterprise Risk Management (ERM) implementation to firm performance, the mediating role of strategic agility and moderating role of quality of internal audit function in this relationship among Malaysian public listed companies (PLCs). ERM implementation was conceptualized with the elements in COSO (2004) ERM Integrated Framework, and firm performance was measured by financial and non-financial indicators. A total of 137 responses were obtained through questionnaire from PLCs in main market of Bursa Malaysia. The empirical findings of the study suggest that ERM implementation has a significant relationship to firm performance and strategic agility significantly mediate the relationship. However, quality of internal audit function does not significantly moderate the relationship between ERM implementation and firm performance. Low response rate presents a challenge to generalize the content to all public listed companies in Malaysia. Due to time and cost constraints this study did not acquire any secondary data and interviews which may provide further in-depth findings related to the research. In this study ERM framework as an integrative risk management has been recognized as the contributor to the firm performance of sample companies. Public listed companies, Securities Commission and Institute of Internal Auditors Malaysia will benefit from the findings of this study.Keywords- Enterprise Risk Management, Strategic Agility, Internal Audit Function, Firm Performance, Malaysia.JEL Classifications: M420, M190

 Artículos similares

       
 
Phan Thi Bao Quyen,Nguyen Phong Nguyen    
In the past decades, enterprise resource planning (ERP) systems have becomeincreasingly automated, particularly for routine management accounting tasks. However, therehas been little research investigating the accounting benefits of adopting ERP systems.... ver más

 
Oki Oktaviana, Jawida NR Tampubolon, Nina Purnasari, Jihan Safitri, Nario Afandi PW Manao     Pág. 345 - 353
It is an enterprise that seeks to convert or distribute raw materials, into half-finished products and into marketable products, and has the sale value of company management capabilities to increase corporate operations that is vital to the increase in c... ver más

 
Nebojsa Zakic, Jovanka Popovic, Miroslav Miskic     Pág. 1 - 11
Motivation: Driven by an increasingly competitive marketplace, the savviest businesses invest heavily in corporate innovation as a kind of competitive intelligence that gives a business what it needs to operate with poise and precision. The strategy of i... ver más
Revista: Management

 
Milica Jovanovic,Bojan Krstic,Sandra Milanovic     Pág. 317 - 328
Brand valuation gained in importance in the 1980s, when a difference between the price at which some enterprises are bought and their value, according to the balance sheet, was noticed. Brand value can be considered an intangible asset of an enterprise, ... ver más

 
Arben Tërstena, Arta Jashari Goga, Bujar Jashari     Pág. 31 - 38
Information technology (IT) as a structural factor and instrument transforms the architecture of organizations, business processes, and communication which is increasingly integrated into human resource management (HRM). It is an important part of the hu... ver más