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The Effect of the Enterprise Risk Management Quality on Firm Risks: A case of the South African Mining Sector

The process of risk management is constantly shifting towards a more holistic and comprehensive approach, the Enterprise Risk Management (ERM) system, which is arguably more efficient than the conventional approach, the Traditional Risks Management (TRM) system. While there have been attempts to eva... Full description

Journal Title: African Journal of Business and Economic Research Apr 2018, Vol.13(1), pp.115-133
Main Author: Zungu, Siphiwe
Other Authors: Sibanda, Mabutho , Rajaram, Rajendra
Format: Electronic Article Electronic Article
Language: English
Subjects:
ID: ISSN: 17504554 ; E-ISSN: 17504562
Link: http://search.proquest.com/docview/2063815759/?pq-origsite=primo
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recordid: proquest2063815759
title: The Effect of the Enterprise Risk Management Quality on Firm Risks: A case of the South African Mining Sector
format: Article
creator:
  • Zungu, Siphiwe
  • Sibanda, Mabutho
  • Rajaram, Rajendra
subjects:
  • South Africa
  • Enterprise Risk Management
  • Economic Value Added
  • Wages & Salaries
  • Mining
  • African History
  • Insurance Industry
  • Studies
  • Quality
  • Econometrics
  • Accounting
  • Ey Global Services Ltd
ispartof: African Journal of Business and Economic Research, Apr 2018, Vol.13(1), pp.115-133
description: The process of risk management is constantly shifting towards a more holistic and comprehensive approach, the Enterprise Risk Management (ERM) system, which is arguably more efficient than the conventional approach, the Traditional Risks Management (TRM) system. While there have been attempts to evaluate the effects of ERM on a firm's performance and value, there is limited evidence on the effect of implementing ERM on a firm's overall risk. This article examines if ERM is successful in mitigating a firm's risks and if ERM is more effective than TRM. The study commenced its selection process with 29 mining companies that were listed on the Johannesburg Stock Exchange (JSE) for at least one year between 2004 and 2015. The study used annual data gathered from Bloomberg Database and McGregor's BFA Database employed the Fixed Effects Model (FEM) to arrive at its findings. The study found that ERM quality is successful in mitigating firm risks while TRM was found to improve the level of risks faced by companies. The findings obtained by this study suggest that ERM is more effective and efficient in mitigating firm risks than TRM.
language: eng
source:
identifier: ISSN: 17504554 ; E-ISSN: 17504562
fulltext: fulltext
issn:
  • 17504554
  • 1750-4554
  • 17504562
  • 1750-4562
url: Link


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titleThe Effect of the Enterprise Risk Management Quality on Firm Risks: A case of the South African Mining Sector
creatorZungu, Siphiwe ; Sibanda, Mabutho ; Rajaram, Rajendra
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identifierISSN: 17504554 ; E-ISSN: 17504562
subjectSouth Africa ; Enterprise Risk Management ; Economic Value Added ; Wages & Salaries ; Mining ; African History ; Insurance Industry ; Studies ; Quality ; Econometrics ; Accounting ; Ey Global Services Ltd
descriptionThe process of risk management is constantly shifting towards a more holistic and comprehensive approach, the Enterprise Risk Management (ERM) system, which is arguably more efficient than the conventional approach, the Traditional Risks Management (TRM) system. While there have been attempts to evaluate the effects of ERM on a firm's performance and value, there is limited evidence on the effect of implementing ERM on a firm's overall risk. This article examines if ERM is successful in mitigating a firm's risks and if ERM is more effective than TRM. The study commenced its selection process with 29 mining companies that were listed on the Johannesburg Stock Exchange (JSE) for at least one year between 2004 and 2015. The study used annual data gathered from Bloomberg Database and McGregor's BFA Database employed the Fixed Effects Model (FEM) to arrive at its findings. The study found that ERM quality is successful in mitigating firm risks while TRM was found to improve the level of risks faced by companies. The findings obtained by this study suggest that ERM is more effective and efficient in mitigating firm risks than TRM.
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descriptionThe process of risk management is constantly shifting towards a more holistic and comprehensive approach, the Enterprise Risk Management (ERM) system, which is arguably more efficient than the conventional approach, the Traditional Risks Management (TRM) system. While there have been attempts to evaluate the effects of ERM on a firm's performance and value, there is limited evidence on the effect of implementing ERM on a firm's overall risk. This article examines if ERM is successful in mitigating a firm's risks and if ERM is more effective than TRM. The study commenced its selection process with 29 mining companies that were listed on the Johannesburg Stock Exchange (JSE) for at least one year between 2004 and 2015. The study used annual data gathered from Bloomberg Database and McGregor's BFA Database employed the Fixed Effects Model (FEM) to arrive at its findings. The study found that ERM quality is successful in mitigating firm risks while TRM was found to improve the level of risks faced by companies. The findings obtained by this study suggest that ERM is more effective and efficient in mitigating firm risks than TRM.
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abstractThe process of risk management is constantly shifting towards a more holistic and comprehensive approach, the Enterprise Risk Management (ERM) system, which is arguably more efficient than the conventional approach, the Traditional Risks Management (TRM) system. While there have been attempts to evaluate the effects of ERM on a firm's performance and value, there is limited evidence on the effect of implementing ERM on a firm's overall risk. This article examines if ERM is successful in mitigating a firm's risks and if ERM is more effective than TRM. The study commenced its selection process with 29 mining companies that were listed on the Johannesburg Stock Exchange (JSE) for at least one year between 2004 and 2015. The study used annual data gathered from Bloomberg Database and McGregor's BFA Database employed the Fixed Effects Model (FEM) to arrive at its findings. The study found that ERM quality is successful in mitigating firm risks while TRM was found to improve the level of risks faced by companies. The findings obtained by this study suggest that ERM is more effective and efficient in mitigating firm risks than TRM.
copLondon
pubAdonis & Abbey Publishers Ltd
urlhttp://search.proquest.com/docview/2063815759/
doi10.31920/The_Effect_of_the_Enterprise_Risk_Management
date2018-04-01