Document Type
Thesis or dissertation
Date of this Version
2020
Advisor
Christopher D. Ittner
Abstract
The development of enterprise risk management (ERM) has led organizations to adopt an integrated approach to risk management that aims to recognize risks as both opportunities and threats and focus on optimizing their risk. This paper compares ERM implementation in firms that are government-affiliated and those that are not, finding that publicly affiliated organizations on average are less prepared to appropriately manage risk and seize opportunities related to their objectives. This study also finds that there are significant differences in ERM implementation between industries, firms that face competition are associated with higher risk maturity whether government-affiliated or not, and government entities on average have lower risk maturity.
Keywords
enterprise risk management, government affiliated, publicly affiliated firms, risk, risk maturity, competition
Included in
Accounting Commons, Business Administration, Management, and Operations Commons, Business Analytics Commons, Business Law, Public Responsibility, and Ethics Commons, Management Sciences and Quantitative Methods Commons, Nonprofit Administration and Management Commons, Other Business Commons, Public Affairs, Public Policy and Public Administration Commons, Strategic Management Policy Commons
Date Posted:13 June 2020