Munich Personal RePEc Archive

The Essence of Enterprise Risk Management in Today’s Business Enterprises in Developed and Developing Nations

Subhani, Muhammad Imtiaz and Osman, Ms. Amber (2011): The Essence of Enterprise Risk Management in Today’s Business Enterprises in Developed and Developing Nations. Forthcoming in: European Journal of Social Science

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Abstract

Risk as expected is not that fearsome matter, although it may keep management awake at night; revenue would not be possible without it. Enterprise Risk Management at basics is broadly portrayed as structure of handling and managing risk across an organization. The key concern of this research is to investigate the ERM. The findings highlight that there are very few enterprises from developing nations which are into ERM while the developed nations’ enterprises are huskily and vigorously involved in it and this gap is due to the lack of awareness and serious concerns for value maximization of enterprise share holders in developing nations.

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