企业风险管理对企业绩效的影响【外文翻译】.docVIP

中文4150字 原文： The effects of enterprise risk management on firm performance Pagach. Donald P. and Warr. Richard S We study the effect of adoption of enterprise risk management (ERM) principles on firms’ long-term performance by examining how financial, asset and market characteristics change around the time of ERM adoption. Using a sample of 106 firms that announce the hiring of a Chief Risk Officer (an event frequently accompanied by adoption of Enterprise Risk Management) we find that some firms adopting ERM experience a reduction in earnings volatility. In general however, we find little impa