title: Enterprise Risk Management and Firm Operations: Evidence from Inventory
 Management
creator: Shadaei, Mehdi
contributor: Xu, Jianren
contributor: Liu, Ian
contributor: Nishikawa, Takeshi
contributor: Sun, Lili
contributor: Kim, Myungsup
publisher: University of North Texas
date: 2021-08
language: English
description: Enterprise Risk Management (ERM) is a program that manages all firm
 risks in an integrated framework to control and coordinate offsetting risks.
 In this study, I provide the first archival evidence on how ERM affects firms'
 day-to-day, routine operations. Using hand-collected ERM adoption data and
 inventory information, I examine whether firms with an ERM program experience
 an improvement in their inventory management. My findings suggest that ERM
 adoption is associated with greater inventory turnover ratios and lower
 inventory impairments. These results are robust to a range of models in
 addressing endogeneity concerns. Additionally, I find that ERM's effect on
 inventory management is stronger among firms with greater financial distress,
 with less investments in innovation, or with higher information asymmetries,
 and when firms' ERM program grows more mature. My study documents ERM's real
 economic benefits to firms' operations and highlights how ERM contributes to
 operating performance.
subject: Enterprise Risk Management
subject: Firm Operations
subject: Inventory Management
subject: Business Administration, General
subject: Business Administration, Accounting
rights: Public
rights: Shadaei, Mehdi
rights: Copyright
rights: Copyright is held by the author, unless otherwise noted. All rights
 Reserved.
type: Thesis or Dissertation
format: vi, 73 pages
format: Text
identifier: local-cont-no: submission_2566
identifier: https://digital.library.unt.edu/ark:/67531/metadc1833516/
identifier: ark: ark:/67531/metadc1833516