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Printable Handouts
Navigable Slide Index
- Introduction
- Our research questions
- Research methodology
- Characteristics of firms adopting ERM
- How we became interested in ERM
- Enterprise risk management (1)
- Enterprise risk management (2)
- What do we know about ERM? (1)
- So why ERM is considered important?
- So why is ERM important?
- What do we know about ERM? (2)
- What do we know about ERM? (3)
- How important?
- Determinants of ERM implementation
- Likelihood of financial distress - leverage
- Slack on balance sheet - cash ratio
- Likelihood of financial distress - earnings volatility
- Cost of financial distress - asset opacity
- Growth options - R&D, market to book
- Market characteristics - share price volatility
- Managerial characteristics - CEO compensation
- Data and method
- CRO appointment by year
- Data and method (2)
- CRO hire firms vs. non CRO hire firms
- Estimation issues
- Interpreting hazard model results (1)
- Interpreting hazard model results (2)
- Main results
- CEO compensation (1)
- CEO compensation (2)
- CEO compensation (3)
- CEO compensation (4)
- Summary
- Shareholders reaction to the adoption of ERM
- Background for the study
- Tension
- Risk management theory
- General expectation of ERM
- Contributions of the research
- Regression results - full sample
- Regression results – divided sample
- Results
- Contributions
- What are we missing – future research
- Does ERM matter?
- ERM increasing firm value and performance (1)
- ERM increasing firm value and performance (2)
- Results - all firms
- Industry adjusted results
- ERM increasing firm value and performance (3)
- Results - firms with positive market reactions
- Thank you!
This material is restricted to subscribers.
Topics Covered
- Characteristics of firms adopting enterprise risk management
- ERM
- Chief Risk Officers
- Market reaction to firms implementing enterprise risk management
- Cumulative abnormal returns
- Stock return volatility
- Earnings volatility
- Growth options
- Firm performance and adoption of enterprise risk management
- Return on assets
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Talk Citation
Pagach, D. (2014, August 7). Research on enterprise risk management and chief risk officers [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved August 31, 2024, from https://doi.org/10.69645/QHKJ5954.Export Citation (RIS)