Centro de Documentacion de Fundación MAPFRE - The Value of enterprise risk management

Notes: Sumario: Enterprise risk management (ERM) has been the topic of increased media attention in recent years. The objective of this study is to measure the extent to which specific ERMS have implemented ERM programs and, then, to assess the value implications of these programs. Authors focus our attention in this study on U.S. insurers in order to control for differences that might arise from regulatory and market differences across industries. Authors simultaneously model the determinants of ERM and the effect of ERM on ERM value. They estimate the effect of ERM on Tobins Q, a standard proxy for ERM value. Wend a positive relation between ERM value and the use of ERM. The ERM premium of roughly 20 percent is statistically and economically significant.Related records: En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 01/12/2011 Tomo 78 Número 4 - 2011 , p. 795-822Materia / lugar / evento: Enterprise Risk Management Gerencia de riesgos Programas de gerencia de riesgos Análisis de riesgos Estados Unidos Other categories: 7

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