EN
The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance
Abstract
This paper examines the relationship of Enterprise Risk Management (ERM) implementation to firm performance, the mediating role of strategic agility and moderating role of quality of internal audit function in this relationship among Malaysian public listed companies (PLCs). ERM implementation was conceptualized with the elements in COSO (2004) ERM Integrated Framework, and firm performance was measured by financial and non-financial indicators. A total of 137 responses were obtained through questionnaire from PLCs in main market of Bursa Malaysia. The empirical findings of the study suggest that ERM implementation has a significant relationship to firm performance and strategic agility significantly mediate the relationship. However, quality of internal audit function does not significantly moderate the relationship between ERM implementation and firm performance. Low response rate presents a challenge to generalize the content to all public listed companies in Malaysia. Due to time and cost constraints this study did not acquire any secondary data and interviews which may provide further in-depth findings related to the research. In this study ERM framework as an integrative risk management has been recognized as the contributor to the firm performance of sample companies. Public listed companies, Securities Commission and Institute of Internal Auditors Malaysia will benefit from the findings of this study.
Keywords
Details
Primary Language
English
Subjects
-
Journal Section
Conference Paper
Publication Date
March 1, 2017
Submission Date
March 1, 2017
Acceptance Date
-
Published in Issue
Year 2017 Volume: 7 Number: 1
APA
Teoh, A. P., Lee, K. Y., & Muthuveloo, R. (2017). The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance. International Review of Management and Marketing, 7(1), 222-229. https://izlik.org/JA94SX38UR
AMA
1.Teoh AP, Lee KY, Muthuveloo R. The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance. IRMM. 2017;7(1):222-229. https://izlik.org/JA94SX38UR
Chicago
Teoh, Ai Ping, Kaih Yeang Lee, and Rajendran Muthuveloo. 2017. “The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance”. International Review of Management and Marketing 7 (1): 222-29. https://izlik.org/JA94SX38UR.
EndNote
Teoh AP, Lee KY, Muthuveloo R (March 1, 2017) The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance. International Review of Management and Marketing 7 1 222–229.
IEEE
[1]A. P. Teoh, K. Y. Lee, and R. Muthuveloo, “The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance”, IRMM, vol. 7, no. 1, pp. 222–229, Mar. 2017, [Online]. Available: https://izlik.org/JA94SX38UR
ISNAD
Teoh, Ai Ping - Lee, Kaih Yeang - Muthuveloo, Rajendran. “The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance”. International Review of Management and Marketing 7/1 (March 1, 2017): 222-229. https://izlik.org/JA94SX38UR.
JAMA
1.Teoh AP, Lee KY, Muthuveloo R. The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance. IRMM. 2017;7:222–229.
MLA
Teoh, Ai Ping, et al. “The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance”. International Review of Management and Marketing, vol. 7, no. 1, Mar. 2017, pp. 222-9, https://izlik.org/JA94SX38UR.
Vancouver
1.Ai Ping Teoh, Kaih Yeang Lee, Rajendran Muthuveloo. The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance. IRMM [Internet]. 2017 Mar. 1;7(1):222-9. Available from: https://izlik.org/JA94SX38UR