The influence of enterprise risk management on firm performance with the moderating effect of intellectual capital dimensions

References

• Acharyya, M., & Mutenga, S. (2013). The benefits of implementing enterprise risk management: Evidence from the non-life insurance industry. Enterprise Risk Management, 6(1), 22–24.
   Google Scholar
• Afzali, S. M. M. (2011). Iran’s Vision1404.
   Google Scholar
• Ai, J., Bajtelsmit, V., & Wang, T. (2018). The combined effect of enterprise risk management and diversification on property and casualty insurer performance. Journal of Risk and Insurance, 85(2), 513–543. https://onlinelibrary.wiley.com/doi/abs/10.1111/jori.12166
   Web of Science ®Google Scholar
• Alipour, M. (2012). The effect of intellectual capital on firm performance: An investigation of Iran Insurance Companies. Measuring Business Excellence, 16(1), 53–66. https://doi.org/https://doi.org/10.1108/13683041211204671
   Google Scholar
• Al-Tamimi, H. A. H., & Mazrooei, F. M. 2007. Banks' risk management: a comparison study of UAE national and foreign banks. The Journal of Risk Finance Incorporating Balance Sheet, 8(4), 394–409.
   Google Scholar
• Amini, A. (2015). Legalizing financial institutes, vital for ending recession. Iran Daily Online Journal.
   Google Scholar
• Arena, M., Arnaboldi, M., & Azzone, G. (2010). The organizational dynamics of enterprise risk management. Accounting, Organizations and Society, 35(7), 659–675. http://www.sciencedirect.com/science/article/pii/S0361368210000565
   Web of Science ®Google Scholar
• Baradaran, S., Rashidi, M. M., & Sahra, S. (2015). Comparative evaluation of training and development of the Personnel in Tejarat Bank and Hekmat Iranian Bank. Indian Journal of Fundamental and Applied Life Sciences, 5(1), 4507–4513.
   Google Scholar
• Beasley, M. S., Clune, R., & Hermanson, D. R. (2005). Enterprise risk management: An empirical analysis of factors associated with the extent of implementation. Journal of Accounting and Public Policy, 24(6), 521–531. http://www.sciencedirect.com/science/article/pii/S0278425405000566
   Google Scholar
• Beasley, M., Pagach, D., & Warr, R. (2008). Information conveyed in hiring announcements of senior executives overseeing enterprise-wide risk management processes. Journal of Accounting, Auditing & Finance, 23(3), 311–332. https://doi.org/https://doi.org/10.1177/0148558X0802300303
   Google Scholar
• Bergeron, F., Raymond, L., & Rivard, S. (2004). Ideal patterns of strategic alignment and business performance. Information & Management, 41(8), 1003–1020. https://doi.org/https://doi.org/10.1016/j.im.2003.10.004
   Web of Science ®Google Scholar
• Bertinetti, G. S., Cavezzali, E., & Gardenal, G. (2013). The effect of the enterprise risk management implementation on the firm value of European companies (Working Paper(10)). Department of Management, Università Ca'Foscari Venezia.
   Google Scholar
• Blackmon, V. Y. (2008). Strategic planning and organizational performance: An investigation using the balanced scorecard in non-profit organizations. Capella University.
   Google Scholar
• Bontis, N. (1998). Intellectual capital: An exploratory study that develops measures and models. Management Decision, 36(2), 63–76. https://doi.org/https://doi.org/10.1108/00251749810204142
   Google Scholar
• Bontis, N., Chua Chong Keow, W., & Richardson, S. (2000). Intellectual capital and business performance in Malaysian industries. Journal of Intellectual Capital, 1(1), 85–100. https://doi.org/https://doi.org/10.1108/14691930010324188
   Google Scholar
• Bourque, L. B., & Fielder, E. P. (2003). How to conduct self-administered and mail surveys. https://methods.sagepub.com/book/how-to-conduct-self-administered-and-mail-surveys
   Google Scholar
• Burnaby, P., & Hass, S. (2009). Ten steps to enterprise-wide risk management. Corporate Governance: The International Journal of Business in Society, 9(5), 539–550. https://doi.org/https://doi.org/10.1108/14720700910998111
   Google Scholar
• Cabrita, M. d R. d M., Vaz, J. L., & Bontis, N. (2007). Modelling the creation of value from intellectual capital: A Portuguese banking perspective. International Journal of Knowledge and Learning, 3(2–3), 266–280. https://doi.org/https://doi.org/10.1504/IJKL.2007.015555
   Google Scholar
• Carey, A. (2001). Effective risk management in financial institutions: The turnbull approach. Balance Sheet, 9(3), 24–27. https://doi.org/https://doi.org/10.1108/09657960110696014
   Google Scholar
• Chen, Y.-L., Chuang, Y.-W., Huang, H.-G., & Shih, J.-Y. (2019). The value of implementing enterprise risk management: Evidence from Taiwan’s financial industry. The North American Journal of Economics and Finance, 100926. http://www.sciencedirect.com/science/article/pii/S1062940818303000
   Web of Science ®Google Scholar
• Chenhall, R. (2003). Management control systems design within its organizational context: Findings from contingency-based research and directions for the future. Accounting, Organizations and Society, 28(2–3), 127–168. https://doi.org/https://doi.org/10.1016/S0361-3682(01)00027-7
   Web of Science ®Google Scholar
• Clarke, M., Seng, D., & Whiting Rosalind, H. (2011). Intellectual capital and firm performance in Australia. Journal of Intellectual Capital, 12(4), 505–530. https://doi.org/https://doi.org/10.1108/14691931111181706
   Google Scholar
• Cohen, J. (1988). Statistical power analysis for the behavioral sciences. Academic Press.
   Google Scholar
• Collier, P., Berry, A., & Burke, G. (2007). Risk and management accounting: Best practice guidelines for enterprise-wide internal control procedures. CIMA.
   Google Scholar
• COSO. (2004). Enterprise risk management – Integrated framework executive summary & framework, committee of sponsoring organizations of the treadway commission. The Committee of Sponsoring Organizations of the Treadway Commission (COSO). https://www.coso.org/Pages/default.aspx.
   Google Scholar
• De Zwaan, L., Stewart, J., & Subramaniam, N. (2011). Internal audit involvement in enterprise risk management. Managerial Auditing Journal, 26(7), 586–604. https://doi.org/https://doi.org/10.1108/02686901111151323
   Google Scholar
• Dumas, A., & Hanchane, S. (2010). How does job‐training increase firm performance? The case of Morocco. International Journal of Manpower, 31(5), 585–602. https://doi.org/https://doi.org/10.1108/01437721011066371
   Web of Science ®Google Scholar
• Earle, T. C., Siegrist, M., & Gutscher, H. (2010). Trust in risk management: Uncertainty and scepticism in the public mind. Earthscan.
   Google Scholar
• Eckles, D. L., Hoyt, R. E., & Miller, S. M. (2014). Reprint of: The impact of enterprise risk management on the marginal cost of reducing risk: Evidence from the insurance industry. Journal of Banking & Finance, 49, 409–423. https://doi.org/https://doi.org/10.1016/j.jbankfin.2014.10.006
   Web of Science ®Google Scholar
• Edvinsson, L., & Malone, M. S. (1997). Intellectual capital: Realizing your company’s true value by finding its hidden brainpower. HarperCollins.
   Google Scholar
• Farrell, M., & Gallagher, R. (2015). The valuation implications of enterprise risk management maturity. Journal of Risk and Insurance, 82(3), 625–657. https://onlinelibrary.wiley.com/doi/abs/10.1111/jori.12035
   Web of Science ®Google Scholar
• Farrell, M., & Gallagher, R. (2019). Moderating influences on the ERM maturity-performance relationship. Research in International Business and Finance, 47, 616–628. http://www.sciencedirect.com/science/article/pii/S0275531918304136
   Web of Science ®Google Scholar
• Florio, C., & Leoni, G. (2017). Enterprise risk management and firm performance: The Italian case. The British Accounting Review, 49(1), 56–74. http://www.sciencedirect.com/science/article/pii/S0890838916300221
   Web of Science ®Google Scholar
• Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), 39–50. http://www.jstor.org/stable/3151312
   Web of Science ®Google Scholar
• García, V., Marqués, A. I., & Sánchez, J. S. (2015). An insight into the experimental design for credit risk and corporate bankruptcy prediction systems. Journal of Intelligent Information Systems, 44(1), 159–189. https://doi.org/https://doi.org/10.1007/s10844-014-0333-4
   Web of Science ®Google Scholar
• Gates, S. (2006). Incorporating strategic risk into enterprise risk management: A survey of current corporate practice. Journal of Applied Corporate Finance, 18(4), 81–90. https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1745-6622.2006.00114.x
   Google Scholar
• Gates, S., Nicolas, J.-L., & Walker, P. L. (2012). Enterprise risk management: A process for enhanced management and improved performance. Management Accounting Quarterly, 13(3), 28–38.
   Google Scholar
• Gatzert, N., & Martin, M. (2015). Determinants and value of enterprise risk management: Empirical evidence from the literature. Risk Management and Insurance Review, 18(1), 29–53. https://doi.org/https://doi.org/10.1111/rmir.12028
   Google Scholar
• Gelman, M., Greenberg, D., & Rosenboim, M. (2018). How to evaluate risk management units in financial institutions? Journal of Applied Corporate Finance, 30(1), 89–97. https://onlinelibrary.wiley.com/doi/abs/10.1111/jacf.12281
   Web of Science ®Google Scholar
• Gordon, L. A., Loeb, M. P., & Tseng, C.-Y. (2009). Enterprise risk management and firm performance: A contingency perspective. Journal of Accounting and Public Policy, 28(4), 301–327. http://www.sciencedirect.com/science/article/pii/S0278425409000416
   Web of Science ®Google Scholar
• Grace, M. F., Leverty, J. T., Phillips, R. D., & Shimpi, P. (2015). The value of investing in enterprise risk management. Journal of Risk and Insurance, 82(2), 289–316. https://onlinelibrary.wiley.com/doi/abs/10.1111/jori.12022
   Web of Science ®Google Scholar
• Hair, F., Marko, S., Lucas, H., & Volker, G. K. (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European Business Review, 26(2), 106–121. https://doi.org/https://doi.org/10.1108/EBR-10-2013-0128
   Google Scholar
• Hanggraeni, D., Ślusarczyk, B., Sulung, L. A. K., & Subroto, A. (2019). The impact of internal, external and enterprise risk management on the performance of Micro. Sustainability, 11(7), 2172. https://doi.org/https://doi.org/10.3390/su11072172
   Web of Science ®Google Scholar
• Hoyt, R. E., & Liebenberg, A. P. (2011). The value of enterprise risk management. Journal of Risk and Insurance, 78(4), 795–822. https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1539-6975.2011.01413.x
   Web of Science ®Google Scholar
• Idris, A., & Norlida Abdul, M. (2016). Moderating effects of board equity ownership on the relationship between enterprise risk management, regulatory compliance and firm performance: Evidence from Nigeria. International Journal of Economics, Management and Accounting, 24(2), 1–46. https://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/434
   Web of Science ®Google Scholar
• Ismail, M. (2005). The influence of intellectual capital on the performance of Telekom Malaysia. Universiti Teknologi Malaysia.
   Google Scholar
• Iswajuni, I., Manasikana, A., & Soetedjo, S. (2018). The effect of enterprise risk management (ERM) on firm value in manufacturing companies listed on Indonesian Stock Exchange year 2010-2013. Asian Journal of Accounting Research, 3(2), 224–235. https://doi.org/https://doi.org/10.1108/AJAR-06-2018-0006
   Google Scholar
• Jalal‐Karim, A. (2013). Leveraging enterprise risk management (ERM) for boosting competitive business advantages in Bahrain. World Journal of Entrepreneurship, Management and Sustainable Development, 9(1), 65–75.
   Google Scholar
• Kaplan, R. S., & Norton, D. P. (1996). Using the balanced scorecard as a strategic management system. Harvard business review, 85(7–8), 150.
   Google Scholar
• Khafagy, A. (2019). Finance, distribution and the economic objective of financial cooperative institutions. Annals of Public and Cooperative Economics, 90(3), 487–511. https://doi.org/https://doi.org/10.1111/apce.12216
   Web of Science ®Google Scholar
• Khan Majid, J., Hussain, D., & Mehmood, W. (2016). Why do firms adopt enterprise risk management (ERM)? Empirical evidence from France. Management Decision, 54(8), 1886–1907. https://doi.org/https://doi.org/10.1108/MD-09-2015-0400
   Web of Science ®Google Scholar
• Khan, S. N., & Ali, E. I. E. (2017). The moderating role of intellectual capital between enterprise risk management and firm performance: A conceptual review. American Journal of Social Sciences and Humanities, 2(1), 9–15. https://doi.org/https://doi.org/10.20448/801.21.9.15
   Google Scholar
• Khattab, A. A., Al-Rawad, M., Soboa, S. A., & Al-Khattab, K. (2015). Country risk management in a developing country. Journal of Service Science and Management, 08(01), 24–33. https://doi.org/https://doi.org/10.4236/jssm.2015.81003
   Google Scholar
• Kimbrough, R. L., & Componation, P. J. (2009). The relationship between organizational culture and enterprise risk management. Engineering Management Journal, 21(2), 18–26. https://doi.org/https://doi.org/10.1080/10429247.2009.11431803
   Web of Science ®Google Scholar
• Kleffner, A. E., Lee, R. B., & McGannon, B. (2003). The effect of corporate governance on the use of enterprise risk management: Evidence from Canada. Risk Management and Insurance Review, 6(1), 53–73. https://EconPapers.repec.org/RePEc:bla:rmgtin:v:6:y:2003:i:1:p:53-73
   Google Scholar
• Lechner, P., & Gatzert, N. (2018). Determinants and value of enterprise risk management: Empirical evidence from Germany. The European Journal of Finance, 24(10), 867–887. https://doi.org/https://doi.org/10.1080/1351847X.2017.1347100
   Web of Science ®Google Scholar
• Li, Q., Wu, Y., Ojiako, U., Marshall, A., & Chipulu, M. (2014). Enterprise risk management and firm value within China’s Insurance Industry. Professional Accountant, 14(1), 1–10. https://actacommercii.co.za/index.php/acta/article/view/198
   Google Scholar
• Lin, Y., Wen, M.-M., & Yu, J. (2012). Enterprise risk management. North American Actuarial Journal, 16(1), 1–28. https://doi.org/https://doi.org/10.1080/10920277.2012.10590630
   Google Scholar
• Malik, M. F., Zaman, M., & Buckby, S. (2020). Enterprise risk management and firm performance: Role of the risk committee. Journal of Contemporary Accounting & Economics, 16(1), 100178. https://doi.org/https://doi.org/10.1016/j.jcae.2019.100178
   Web of Science ®Google Scholar
• Manab, N. A., Kassim, I., & Hussin, M. R. (2010). Enterprise-wide risk management (EWRM) practices: Between corporate governance compliance and value. International Review of Business Research Papers, 6(2), 239–252.
   Google Scholar
• McKnight, D. H., Choudhury, V., & Kacmar, C. (2002). Developing and validating trust measures for e-commerce: An integrative typology. Information Systems Research, 13(3), 334–359. https://doi.org/https://doi.org/10.1287/isre.13.3.334.81
   Web of Science ®Google Scholar
• McShane, M. K., Nair, A., & Rustambekov, E. (2011). Does enterprise risk management increase firm value? Journal of Accounting, Auditing & Finance, 26(4), 641–658. https://doi.org/https://doi.org/10.1177/0148558X11409160
   Google Scholar
• Monavarian, A., & Ahmadi-Tonekaboni, M. (2012). The effect of organizational culture on Entrepreneurial Orientation in Bank Karafarin. Quarterly Journal of Management and Development Process, 25(2), 53–76.
   Google Scholar
• Mondal, A., & Ghosh, S. K. (2012). Intellectual capital and financial performance of Indian banks. Journal of Intellectual Capital, 13(4), 515–530.
   Google Scholar
• Mousavi, S. A., Hosseni, S. Y., & Hassanpour, N. (2015). On the effects of organizational culture on organizational performance: An Iranian experience in state bank branches. Iranian Journal of Management Studies, 8(1), 97–116.
   Web of Science ®Google Scholar
• Neef, D. (2005). Managing corporate risk through better knowledge management. The Learning Organization, 12(2), 112–124. https://doi.org/https://doi.org/10.1108/09696470510583502
   Google Scholar
• Nguyen, D. K., & Vo, D.-T. (2020). Enterprise risk management and solvency: The case of the listed EU insurers. Journal of Business Research, 113, 360–369. http://www.sciencedirect.com/science/article/pii/S0148296319305594
   Web of Science ®Google Scholar
• Niavand, H., & Haghighat Nia, F. (2018). The study of financial condition and credit institutions in Iran. Business and Economic Research ISSN, 8(1), 2162–4860.
   Google Scholar
• Ojeka, S. A., Adegboye, A., Adegboye, K., Alabi, O., Afolabi, M., & Iyoha, F. (2019). Chief financial officer roles and enterprise risk management: An empirical based study. Heliyon, 5(6), e01934p. https://doi.org/https://doi.org/10.1016/j.heliyon.2019.e01934
   PubMed Web of Science ®Google Scholar
• Oliveira, K., Méxas, M., Meiriño, M., & Drumond, G. (2019). Critical success factors associated with the implementation of enterprise risk management. Journal of Risk Research, 22(8), 1004–1019. https://doi.org/https://doi.org/10.1080/13669877.2018.1437061
   Web of Science ®Google Scholar
• Pagach, D. P., & Warr, R. S. (2010). The effects of enterprise risk management on firm performance. Available at SSRN 1155218
   Google Scholar
• Parveen, T., Langari Zadeh, E., & MuzakkirSyed, A. (2015). Evolution of Islamic Banking in IRAN: Prospects and Problems. IOSR Journal of Business and Management, 17(9), 61–66.
   Google Scholar
• Ping, T. A., & Muthuveloo, R. (2015). The impact of enterprise risk management on firm performance: Evidence from Malaysia. Asian Social Science, 11(22), 149. https://doi.org/https://doi.org/10.5539/ass.v11n22p149
   Google Scholar
• Quon, T. K., Zeghal, D., & Maingot, M. (2012). Enterprise risk management and firm performance. Procedia - Social and Behavioral Sciences, 62, 263–267. https://doi.org/https://doi.org/10.1016/j.sbspro.2012.09.042
   Google Scholar
• Ranong, P. N., & Phuenngam, W. (2009). Critical success factors for effective risk management procedures in financial industries. Umeå University.
   Google Scholar
• Riahi‐Belkaoui, A. (2003). Intellectual capital and firm performance of US multinational firms: A study of the resource‐based and stakeholder views. Journal of Intellectual Capital, 4(2), 215–226. https://doi.org/https://doi.org/10.1108/14691930310472839
   Google Scholar
• Rodriguez, E., & Edwards, J. S. (2009). Applying knowledge management to enterprise risk management: Is there any value in using KM for ERM? Journal of Risk Management in Financial Institutions, 2(4), 427–437.
   Google Scholar
• Rolland, H. (2008). Using IT to drive effective risk management. Risk Management, 55(1), 43.
   Google Scholar
• Saeidi, P., Saeidi, S. P., Sofian, S., Saeidi, S. P., Nilashi, M., & Mardani, A. (2019). The impact of enterprise risk management on competitive advantage by moderating role of information technology. Computer Standards & Interfaces, 63, 67–82. https://doi.org/https://doi.org/10.1016/j.csi.2018.11.009
   Web of Science ®Google Scholar
• Saeidi, S. P., Sofian, S., Saeidi, P., Saeidi, S. P., & Saaeidi, S. A. (2015). How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction. Journal of Business Research, 68(2), 341–350. https://doi.org/https://doi.org/10.1016/j.jbusres.2014.06.024
   Web of Science ®Google Scholar
• Savolainen, T., & Fresno, P. L. (2013). Trust as intangible asset-enabling intellectual capital development by leadership for vitality and innovativeness. Electronic Journal of Knowledge Management, 11(3), 244.
   Google Scholar
• Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach. John Wiley & Sons.
   Google Scholar
• Shafique, O., Hussain, N., & Hassan, M. T. (2013). Differences in the risk management practices of Islamic versus conventional financial institutions in Pakistan. The Journal of Risk Finance, 14(2), 179–196.
   Google Scholar
• Shiryan, S., Shee, H., & Stewart, D. (2012). Employee training effectiveness in Saudi Arabian SME performance. International Journal of Business and Social Science, 3(14), 46–62.
   Google Scholar
• Silva De Souza R., Da Silva Gomes Sônia, M., Leal Bruni A., Garcia De Oliveira G., Santos Sampaio M., & Almeida De Faria J., 2012. Enterprise Risk Management and Performance Improvement: A Study with Brazilian Nonfinancial Firms. In D. Antonio, J. E. Marc, & M. Jean-François (Eds.), Performance Measurement and Management Control: Global Issues (pp. 275–298). Emerald Group Publishing Limited.
   Google Scholar
• Silva, J. R., Silva, A. F. d., & Chan, B. L. (2019). Enterprise risk management and firm value: Evidence from Brazil. Emerging Markets Finance and Trade, 55(3), 687–703. https://doi.org/https://doi.org/10.1080/1540496X.2018.1460723
   Web of Science ®Google Scholar
• Tahir, I. M., & Razali, A. R. (2011). The relationship between enterprise risk management (ERM) and firm value: Evidence From Malaysian public listed companies. International Journal of Economics and Management Sciences, 1(2), 32–41.
   Google Scholar
• Talwar, S. (2011). Averting bank distress in internationalized financial system: Evolving a comprehensive risk management process. IUP Journal of Financial Risk Management, 8(4), 37–56.
   Google Scholar
• 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.
   Google Scholar
• Thomya, W., & Saenchaiyathon, K. (2015). The effects of organizational culture and Enterprise Risk management on organizational performance: A conceptual framework. International Business Management, 9(2), 158–163.
   Google Scholar
• Tsai, W.-H., Chen, H.-C., Chang, J.-C., & Lee, H.-L. (2017). The internal audit performance: The effectiveness of ERM and it environments [Paper presentation]. Proceedings of the 50th Hawaii International Conference on System Sciences. https://doi.org/https://doi.org/10.24251/HICSS.2017.595
   Google Scholar
• Wernerfelt, B. (1984). A resource‐based view of the firm. Strategic Management Journal, 5(2), 171–180. https://doi.org/https://doi.org/10.1002/smj.4250050207
   Web of Science ®Google Scholar
• Yaraghi, N., & Langhe, R. G. (2011). Critical success factors for risk management systems. Journal of Risk Research, 14(5), 551–581. https://doi.org/https://doi.org/10.1080/13669877.2010.547253
   Web of Science ®Google Scholar
• Youndt, M. A., Subramaniam, M., & Snell, S. A. (2004). Intellectual capital profiles: An examination of investments and returns. Journal of Management Studies, 41(2), 335–361. https://doi.org/https://doi.org/10.1111/j.1467-6486.2004.00435.x
   Web of Science ®Google Scholar
• Zehir, C., Ertosun, Ö. G., Zehir, S., & Müceldili, B. (2011). The effects of leadership styles and organizational culture over firm performance: Multi-National companies in İstanbul. Procedia - Social and Behavioral Sciences, 24, 1460–1474. https://doi.org/https://doi.org/10.1016/j.sbspro.2011.09.032
   Google Scholar
• Zohar, D., & Marshall, I. (2004). Spiritual capital: Wealth we can live by. Berrett-Koehler Publishers.
   Google Scholar
• Zungu, S., Sibanda, M., & Rajaram, R. (2018). The effect of the enterprise risk management quality on firm risks: A case of the South African mining sector. African Journal of Business and Economic Research, 13(1), 115–133. https://doi.org/https://doi.org/10.31920/1750-4562/2018/v13n1a4
   Google Scholar