The Role of the Quality Internal Audit Support in Enterprise Risk Management ERM) Practices: Evidence from Malaysia

Wan Daud, Wan Norhayate (2011) The Role of the Quality Internal Audit Support in Enterprise Risk Management ERM) Practices: Evidence from Malaysia. International Journal of Business and Social Science, 2 (5). pp. 189-197. ISSN 2219-1933 (Print), 2219-6021 (Online)

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Abstract

Abstract The research examines the factors associated with the level of adoption of Enterprise Risk Management (ERM) among public listed companies in Malaysia. This study highlighted how far the quality of Internal Audit Support (IAS) influences the relationship between factors influencing Level of ERM Adopting and Level of ERM Adoption. Design/methodology/approach Binary Logistic Regression was conducted to test the hypothesis on surveyed firms selected from the seven industries listed on the main board of Malaysian Bourse. Findings An interesting finding from this study is the positive correlation between all the variables was statistically significant in the adoption of ERM. Practical implications This study will be able to shed some insights into the ERM activities of multinationals from a developing country’s perspective by identifying the level of stages that Malaysian public listed companies are adopting ERM. Originality/value Studies of the management of Enterprise Risk by multinationals from developing countries, including Malaysia meanwhile, have been scarce. This research aims to fill this research gap by analyzing the management of risks in Malaysian multinationals, with a special focus on ERM.

Item Type: Article
Keywords: Keywords: Enterprise Risk management, Internal Audit Support, Board of Director, Chief Risk Officer.
Subjects: H Social Sciences > H Social Sciences (General)
Faculty / Institute: Faculty of Economics & Management Sciences
Depositing User: Dr wan norhayate wan daud
Date Deposited: 08 Feb 2015 03:51
Last Modified: 08 Feb 2015 03:51
URI: http://erep.unisza.edu.my/id/eprint/2205

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