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1. Introduction
2. Our research questions
3. Research methodology
4. Characteristics of firms adopting ERM
5. How we became interested in ERM
6. Enterprise risk management (1)
7. Enterprise risk management (2)
8. What do we know about ERM? (1)
9. So why ERM is considered important?
10. So why is ERM important?
11. What do we know about ERM? (2)
12. What do we know about ERM? (3)
13. How important?
14. Determinants of ERM implementation
15. Likelihood of financial distress - leverage
16. Slack on balance sheet - cash ratio
17. Likelihood of financial distress - earnings volatility
18. Cost of financial distress - asset opacity
19. Growth options - R&D, market to book
20. Market characteristics - share price volatility
21. Managerial characteristics - CEO compensation
22. Data and method
23. CRO appointment by year
24. Data and method (2)
25. CRO hire firms vs. non CRO hire firms
26. Estimation issues
27. Interpreting hazard model results (1)
28. Interpreting hazard model results (2)
29. Main results
30. CEO compensation (1)
31. CEO compensation (2)
32. CEO compensation (3)
33. CEO compensation (4)
34. Summary
35. Shareholders reaction to the adoption of ERM
36. Background for the study
37. Tension
38. Risk management theory
39. General expectation of ERM
40. Contributions of the research
41. Regression results - full sample
42. Regression results – divided sample
43. Results
44. Contributions
45. What are we missing – future research
46. Does ERM matter?
47. ERM increasing firm value and performance (1)
48. ERM increasing firm value and performance (2)
49. Results - all firms
50. Industry adjusted results
51. ERM increasing firm value and performance (3)
52. Results - firms with positive market reactions
53. Thank you!

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

Links

Series:

• Risk Management for Corporate Leaders

Categories:

• Management, Leadership & Organisation

Talk Citation

Publication History

• Published on August 7, 2014