Theoretical and empirical research about enterprise risk management

在本研究中，我从理论和实践两个方面考察了“企业风险管理”，这是一种全面的风险管理战略。研究结果表明：（1）企业风险管理的设计必须以引进企业价值最大化为目标。为此，必须让高级管理人员参与到企业风险管理项目中来。(2)积极推行机构风险管理的公司的公司价值平均会增加。(3)未建立企业风险管理或存在内部控制缺陷的公司风险显著较高。

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.