Effect of Enterprise Risk Management Adoption on the Firm Value in Malaysia’s Annual Reports

DOI

10.2991/978-2-494069-61-9_19How to use a DOI?

Keywords

Enterprise Risk Management; firm value; agency theory; Bursa Malaysia

Abstract

This conceptual paper attempts to study relationship between enterprise risk management (ERM) adoption and firm value in Malaysia public listed companies. We propose that the ERM adoption is able to mitigate type II agency problem and urge firms to disclose quality firm-specific information. This move will eventually enhance the quality of financial reporting, thus affect firm value. Our sample of study covering all public listed firm in Bursa Malaysia from year 2014–2022. We will employ panel regression model to run our analysis. The findings have significant implications for Bursa Malaysia’s decision to compel listed companies to publish their Statement of Risk Management and Internal Control in financial reporting.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ong Poh Heng
AU  - Yip Yen Yen
AU  - Lye Chun Teck
PY  - 2022
DA  - 2022/12/26
TI  - Effect of Enterprise Risk Management Adoption on the Firm Value in Malaysia’s Annual Reports
BT  - Proceedings of the International Conference on Communication, Language, Education and Social Sciences (CLESS 2022)
PB  - Atlantis Press
SP  - 194
EP  - 204
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-61-9_19
DO  - 10.2991/978-2-494069-61-9_19
ID  - Heng2022
ER  -