2011 Fiscal Year Final Research Report
Theoretical and empirical research about enterprise risk management
| Project/Area Number |
21730300
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Business administration
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| Research Institution | Kobe University |
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Principal Investigator |
YAMASAKI Takashi 神戸大学, 大学院・経営学研究科, 准教授 (30403223)
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| Project Period (FY) |
2009 – 2011
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| Keywords | 全社的リスクマネジメント(ERM) / ファイナンス / 保険 / 株式市場 / 企業価値 / 東日本大震災 |
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| Research Abstract |
In this research, I examined "enterprise risk management," which is a comprehensive risk management strategy, in terms of theory and practice. As a result, I found as follows :(1) ERM must be designed as introducing companies can maximize its value. For this, it is essential to involve senior executives in ERM project.(2) Firm value in the companies which go ahead with ERM aggressively, on average, increases.(3) The companies which fail to establish ERM, or those with internal control deficiencies have significantly higher risk.
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