2017年企业风险管理外文翻译—企业风险管理提高了企业经营绩效吗？（节选）

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1、字数：英文 1964 单词， 11443 字符；中文 3814 汉字 出处： Callahan Carolyn, Jared Soileau. Does Enterprise risk management enhance operating performance?JAdvances in Accounting.2017, 37: 122-139. 外文文献： Does Enterprise risk management enhance operating performance? Abstract The Committee of Sponsoring Organizations (CO

2、SO) Enterprise Risk Management (ERM) framework (COSOERM) indicates that the development of an enterprise-wide risk assessment and management process is designed to “provide reasonable assurance regarding the achievement of entity objectives.” We examine this issue and hypothesize that firms with mat

3、ure ERM processes should achieve greater operational performance than those with less mature risk management processes. This study relies on internal audit function management survey responses matched with archival firm level data to gain a better understanding of the expected operating performance

4、impact of the multi-stage ERM implementation process. After controlling for board governance and other known effects, we find that firms with higher levels of ERM process maturity are characterized by higher operating performance than their industry peers utilizing performance metrics closely relate

5、d to the earnings process. Our study provides support for the linkage of enhanced operating performance associated with the maturity of ERM processes and suggests other potential areas of ERM research. Keywords: Enterprise risk management; Operating performance; Corporate governance 1.Introduction I

6、n order to address the lack of a systematic enterprise-wide risk management plan, in 2004, the Committee of Sponsoring Organizations (COSO) of the Treadway Commission created an Enterprise Risk Management framework (COSO-ERM). COSO-ERM defines Enterprise Risk Management (ERM) as an enterprise-wide risk assessment and management process designed to “ provide reasonable assurance regarding the achievement of entity objectives. ” Although adoption of risk management may not specifically