• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKI, Google Scholar, Electronic Journals Library, Crossref, Ulrich's Periodicals Directory, MESLibrary, etc.
    • E-mail: joebm.editor@gmail.com
HOME > Archive > 2014 > Volume 2 Number 2 (May 2014) >
JOEBM 2014 Vol.2(2): 81-86 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2014.V2.103

Examining the Dimensions of Enterprise Risk Management Implementation Framework, Its Challenges and Benefits: A Study on Malaysian Public Listed Companies

Fong-Woon Lai

Abstract—This paper presents important dimensions for an effective implementation of enterprise risk management (ERM) framework, namely the structure, governance and process dimensions. This paper also examines the penetration intensity of ERM implementation among the sampled public listed companies in Malaysia. The significant elements for the proposed ERM implementation framework, its implementation challenge and the perceived benefits are also discussed. Based on a theorized effective ERM implementation, 3 constructs and their measurement variables are highlighted for further discussion through factor analysis in relation to the significance of the variables’ factor loadings. Discussion on the results of the factors extracted vis-à-vis each dimension of ERM implementation intensity, its challenge and the perceived benefit measures will provide insights to a productive practice of ERM by corporations.

Index Terms—Enterprise risk management, governance, implementation dimensions, process, structure.

F. W. Lai is with the Department of Management and Humanities, Universiti Teknologi PETRONAS, 31750 Tronoh, Perak, Malaysia (e-mail: laifongwoon@ petronas.com.my).

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Cite:Fong-Woon Lai, "Examining the Dimensions of Enterprise Risk Management Implementation Framework, Its Challenges and Benefits: A Study on Malaysian Public Listed Companies," Journal of Economics, Business and Management vol. 2, no. 2, pp. 81-86, 2014.

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