DOES ENTERPRISE RISK MANAGEMENT AND HYBRID STRATEGY AFFECT TO ORGANIZATIONAL PERFORMANCE?

Irma, Paramita Sofia and Yvonne, Augustine (2019) DOES ENTERPRISE RISK MANAGEMENT AND HYBRID STRATEGY AFFECT TO ORGANIZATIONAL PERFORMANCE? South East Asia Journal of Contemporary Business, Economics and Law, 20 (5). pp. 120-126. ISSN 2289-1560

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Abstract

Many factors play a role in company managerial performance, including the chosen business strategy, performance measurement system, risk management, customer satisfaction, and many other factors. In order to investigate any possible relationship between many important aspects of performance, the objective for this study is to investigate two factors as suggested by the literature, Enterprise Risk Management and Hybrid Strategies to identify the most influential barrier towards organization performance. This study uses the population of all companies listed on the Indonesia Stock Exchange during the 2017-2018 period that publishes Financial Statements. The research sample was obtained using a purposive sampling method with the criteria of manufacturing companies listed on the Indonesia Stock Exchange in 2017-2018 and the listed companies have implemented ERM. The result show that the Implementation of a hybrid strategy will have a significant positive impact on company and the application of ERM has no significant effect on organizational performance. The researcher argues that the adoption of ERM is not related to financial performance and the adoption of ERM alone is not enough to achieve financial benefits as hypothesized in the ERM literature. This research shows that ERM can effectively reduce risk for companies that are willing to invest the resources needed for a mature ERM process, which found that the level of ERM implementation is still low in manufacturing companies in the consumer goods sector on the Indonesia Stock Exchange. Key words: Enterprise Risk Management, Hybrid Strategies, Organizational Performance, Risk Management, Profitability

Item Type:	Artikel Jurnal/Prosiding
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Fakultas Humaniora dan Bisnis > Prodi Akuntansi
Depositing User:	Admin Repository
Date Deposited:	12 Oct 2020 01:48
Last Modified:	12 Oct 2020 01:48
URI:	http://eprints.upj.ac.id/id/eprint/501

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