Running Head: ENTERPRISE RISK MANAGEMENT
ERM in the Manufacturing Sector
ENTERPRISE RISK MANAGEMENT
Xiang, Z., Che Ruhana, I. & Mahfuzur, R. (2019). Valuation of enterprise risk management in
the manufacturing industry. Total Quality Management & Business Excellence, 30:1112, 1389-1410, DOI: 10.1080/14783363.2017.136S9877
This article evaluates how ERM practices influence a firm’s cost efficiency. The article
pro/vides evidence on how ERM strategies help firms increase their returns on equity and also
reduce earning variability. From the article, there is significant evidence that shows the value
attached to successful ERM strategies and programs. The findings show that when an enterprise
risk management strategy is effective, manufacturing firms gain value since they can mitigate
wastage and risk-related costs, and at the same time, enhance firm efficiency. This is because
risk management programs ensure effective inventory management, as well as the management
of other business functions such as cash flow and assets.
Pagach, D., & Warr, R.S. (2010). The Effects of Enterprise Risk Management on Firm
This article is critical to my research since it examines the impact of implementing ERM
strategies on the long-term performance of firms. It does this by evaluating how various
characteristics of the m...
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