EF » EFnet » FELU Research » Is enterprise risk management a value added activity?

Is enterprise risk management a value added activity?

17.04.2018Comments are closed.


ERM, value drivers,
value creation,
non-financial companies


  • Dr. Mojca Marc, Univerza v Ljubljani, Ekonomska fakulteta;
  • Dr. Danijela Miloš Sprčić, Univerza v Zagrebu, Ekonomska fakulteta;
  • Dr. Marina Mešin Žagar, University of Southern California, USC Marshall School of Business in Univerza v Zagrebu, Ekonomska fakulteta.


Severe consequences of the global fi nancial crisis resulted in re-thinking the risk management processes and approaches. OECD (2009), BIS (2008), FSA (2008) and IIF (2007) suggested that corporate risks should be “high on the agenda” of every organization, highlighting the need for a comprehensive (enterprise-wide) risk management framework. What has been realized in the aftermath of the global fi nancial crisis is that a failure to transmit information about risk exposures can be attributed to the traditional silo-based risk management (TRM) (OECD, 2009). In TRM risks are managed in isolation by business unit managers with little oversight or communication of how particular risk management decisions affect other corporate risks and corporate strategy. Consequently, more and more companies around the world are moving away from TRM to a more holistic approach known as enterprise risk management (ERM) (CGMA, 2015).


E+M Ekonomie a Management, vol. 21, iss. 1, 2018.


JCR 1.163

The article is available here.

Related news

Publish your comment:

RSSUpcoming events

The Research Centre of the Faculty of Economics cordially invites you to a research seminar on Tuesday, 15th January, at 1 p.m. in room P-119, at the Faculty of Economics, University ... >>>
WHEN: Tuesday, 15 January 2019 15:00 -17:30 Confucius institute Ljubljana is inviting you to attend first webinar on understanding Chinese mind-set: CHINESE MINDSET 1 ... >>>
If you are interested in marketing in East Asian countries this next lecture is just the right for you. Prof. Kim Fam, a world-renowned ... >>>