Theoretical and empirical research about enterprise risk management

在本研究中，笔者从理论和实践两个方面考察了企业风险管理这一综合性风险管理策略。因此，笔者发现：(1)企业资源管理的设计必须是引入企业才能实现其价值最大化。为此，引入高级管理人员参与ERM项目至关重要。(2)积极推进ERM的公司的企业价值平均增加。(3)未能建立ERM的公司或内部控制缺陷的公司的风险显著增加。

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.