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Title: Factors affecting implementation of Enterprise Risk Management (ERM) : an exploratory study among Saudi organizations
Author: Aleisa, Yousef
ISNI:       0000 0004 6496 3009
Awarding Body: University of Liverpool
Current Institution: University of Liverpool
Date of Award: 2017
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Enterprise risk management (ERM) has received significant attention in recent years in order to establish a comprehensive approach for managing different types of events (risks and opportunities) relevant to organizations' strategic objectives. Although the number of ERM implementations among Saudi organizations has grown significantly, there is a lack of knowledge of key factors to be considered when implementing ERM. Therefore, the purpose of this study is to empirically determine the factors affecting ERM implementation based on how the 44 ERM dimensions, derived from the Committee of Sponsoring Organizations ERM Integrated Framework, were actually implemented in a sample of Saudi organizations. The exploratory factor analysis method is used to analyze a sample of 103 responses received through an online survey questionnaire. The results of the exploratory analysis support the retention of three factors that require specific considerations when implementing ERM, namely, (1) the ERM structure and standards, (2) the enterprise's portfolio of risks and opportunities and (3) risk oversight and corporate governance. This study differs from previous research because it is the first to explore ERM implementation among Saudi organizations and because its findings provide a foundational understanding of the key factors affecting ERM implementation. This study also suggests an ERM implementation framework that addresses identified factors and guides organizations on how to enhance ERM implementation. Reflecting this suggested framework in practice helped the researcher's organization to identify gaps in its ERM program and develop actions to improve ERM implementation. The actionable knowledge generated focuses more on developing integrated ERM and strategic planning processes to have a better view of the enterprise's key risks and opportunities relevant to the strategic objectives and defining responsibilities of the leadership team to establish clear accountability for risk oversight.
Supervisor: Luo, R. Sponsor: Not available
Qualification Name: Thesis (D.B.A.) Qualification Level: Doctoral