The Components of Enterprise Risk Management and Financial Performance of the Non-Financial Firms through Mediation of Corporate Reputation
| Autor: | Muhammad Ramzan Sajid, Syed Zain ul Abdin, Hassan Mujtaba Nawaz Saleem |
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| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Journal of Accounting and Finance in Emerging Economies, Vol 9, Iss 4 (2023) |
| Druh dokumentu: | article |
| ISSN: | 2519-0318 2518-8488 |
| Popis: | Purpose: This research study aims to investigate the relationship between enterprise risk management (ERM) components and non-financial companies’ financial performance (FP), which are listed at PSX, while exploring the corporate reputation (CR) role as a mediation between ERM components and financial indicators performance. Design/Methodology/Approach: This study used a questionnaire survey, and 340 responses were collected from non-financial sector firms’ board executives and top management. The PLS-SEM technique was employed for the data analysis using smart PLS 4.0 software. Findings: the results showed that ERM components significantly influence the corporate reputation. Further, corporate reputation positively and significantly mediates between ERM components and financial performance. This study plays a crucial role in pinpointing and addressing risks within non-financial firms, aiming to enhance the prosperity of the non-financial sector and contribute to overall economic growth through the ERM components framework. Implications/Originality/Value: Future research could extend to various sectors, encompassing financial and non-financial companies, service firms, and the food industry. Such studies could explore the influence of ERM components on financial performance, particularly emphasizing reputation as a critical resource for success in competitive markets. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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