Enterprise Risk Management and Its Effect on Firm Value in Turkey - Tapa blanda

Farhan, Muhammad

 
9783330080744: Enterprise Risk Management and Its Effect on Firm Value in Turkey
Tapa blanda
ISBN 10: 3330080744 ISBN 13: 9783330080744
Editorial: LAP LAMBERT Academic Publishing, 2017

Sinopsis

The importance of risk become enhance suddenly after financial crisis. Different initiatives have been taken to develop proper management approach. Enterprise risk management is one of advance approach use by most of multinational firm to management risk. This paper tries to find out relationship between ERM and firm value. There is no proper determinant to measure ERM but most of researches have been used Chief risk office appointment as determinant of ERM. We use survey responses as measure of ERM. We send online questionnaire to 130 firms register in Istanbul stock exchange. We used Tobin’s Q as measure of firm value. Our finding shows that there is no relationship between ERM and firm value but there is negative significant relationship between firm value and leverage. Our result also shows that ERM performing firms has less variation in long term debt.

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Reseña del editor

The importance of risk become enhance suddenly after financial crisis. Different initiatives have been taken to develop proper management approach. Enterprise risk management is one of advance approach use by most of multinational firm to management risk. This paper tries to find out relationship between ERM and firm value. There is no proper determinant to measure ERM but most of researches have been used Chief risk office appointment as determinant of ERM. We use survey responses as measure of ERM. We send online questionnaire to 130 firms register in Istanbul stock exchange. We used Tobin’s Q as measure of firm value. Our finding shows that there is no relationship between ERM and firm value but there is negative significant relationship between firm value and leverage. Our result also shows that ERM performing firms has less variation in long term debt.

Biografía del autor

Muhammad Farhan: Anadolu University Eskisehir, TurkeyDepartment of International BusinessGraduate School of Social SciencesYesiltepe Mahallesi, 26470 Tepebası/Eskisehir, TurkeyEducation:BBA (Hons) FinanceMS international Business

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Editorial
LAP LAMBERT Academic Publishing
Año de publicación
2017
Idioma
Inglés
ISBN 10 
3330080744
ISBN 13 
9783330080744
Encuadernación
Tapa blanda
Número de páginas
96
Editor
Sayılır Özlem
Contacto del fabricante
no disponible
Persona responsable
no disponible