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Year 2017, Volume: 7 Issue: 1, 222 - 229, 01.03.2017

Abstract

The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance

Year 2017, Volume: 7 Issue: 1, 222 - 229, 01.03.2017

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.

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Details

Primary Language English
Other ID JA74AH33JR
Journal Section Research Article
Authors

Ai Ping Teoh This is me

Kaih Yeang Lee This is me

Rajendran Muthuveloo This is me

Publication Date March 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 1

Cite

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.
AMA Teoh AP, Lee KY, Muthuveloo R. The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance. IRMM. March 2017;7(1):222-229.
Chicago Teoh, Ai Ping, Kaih Yeang Lee, and Rajendran Muthuveloo. “The Impact of Enterprise Risk Management, Strategic Agility, and Quality of Internal Audit Function on Firm Performance”. International Review of Management and Marketing 7, no. 1 (March 2017): 222-29.
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 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, 2017.
ISNAD 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 7/1 (March 2017), 222-229.
JAMA 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, 2017, pp. 222-9.
Vancouver 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):222-9.