Redirigiendo al acceso original de articulo en 18 segundos...
ARTÍCULO
TITULO

A Case Study of Enterprise Risk Management Implementation in Malaysian Construction Companies

Mazlina Mustapha    
Amirah Adnan    

Resumen

Enterprise Risk Management (ERM) is claimed as among the key elements in the internal control components, which help the organizations to ensure that principal risks are monitored and managed well within the organizational structure. Implementing ERM in organizations would help to put the process of monitoring, reviewing and identification of risks in a better perspective. This study attempts to explore the ERM implementation in Malaysian construction companies. This sector is chosen as it is claimed that ERM can help construction companies make appropriate and accurate decisions in planning and construction of projects. In addition, this study is conducted to assist and improve ERM implementation of a small construction company. A comparison is conducted between this small company to a bigger construction company, which has implemented ERM for a number of years in an effort to assist the former to improve its implementation. Interviews were conducted to obtain the data for the study. Top management, risk owners, and employees of both companies were interviewed. The interview results were analyzed and presented to the smaller company. Among others, the results suggest that the awareness and understanding of ERM concept by employees is the main factor in ensuring a successful ERM implementation because the employees will be the first to experience such risks in their day-to-day operations. Participation from all level of employees, especially the commitment from the top management is crucial to ensure its successful implementation. In addition, continuous maintenance activities such as follow up monitoring and maintenance of a risk management exercises are important in managing risks effectively.Keywords: Risk Management, Enterprise Risk Management, Construction Sector, MalaysiaJEL Classifications: G32; G34

 Artículos similares

       
 
Marisa Pessoa Gonçalves, Pedro M. Nogueira Reis and António Pedro Pinto    
In this study, we provide a thorough analysis, conducted on a company-by-company basis, of the impact of bank concentration and the bank-relative power of banks on firm profitability, financing costs, and capital structure in a small economy like Portuga... ver más

 
Bruno Torres, Zélia Serrasqueiro and Márcio Oliveira    
In an era where crowdfunding in Portugal is garnering increased public attention, exemplified by notable campaigns like the recent funding of the nurses? strike, we explore its potential as an alternative financial source to traditional banking. Through ... ver más

 
David Dyason    
AbstractOrientation: Large-scale events such as disasters, wars and pandemics disrupt the economy by diverging resource allocation, which could alter employment growth within the economy during recovery.Research purpose: The literature on the disaster?ec... ver más

 
Mindy Peden     Pág. Finance an - 70
A one country case study using a historical-institutional balance sheet approach provides a unique vantage point on financialization. By clarifying conceptual distinctions between assets and liabilities in households and banks and representing historical... ver más

 
Dorina Ticu