eprintid: 11829
rev_number: 2
eprint_status: archive
userid: 1
dir: disk0/00/01/18/29
datestamp: 2023-11-10 03:26:22
lastmod: 2023-11-10 03:26:22
status_changed: 2023-11-10 01:16:15
type: article
metadata_visibility: show
creators_name: Shad, M.K.
creators_name: Lai, F.-W.
creators_name: Fatt, C.L.
creators_name: Klemeš, J.J.
creators_name: Bokhari, A.
title: Integrating sustainability reporting into enterprise risk management and its relationship with business performance: A conceptual framework
ispublished: pub
keywords: Commerce; Gas industry; Insurance; Public utilities; Risk assessment; Sustainable development, Business performance; Conceptual frameworks; Enterprise risk management; Measurement techniques; Modern portfolio theories; Ordinary least squares; Quantitative content analysis; Sustainability reporting, Risk management
note: cited By 133
abstract: This paper conceptualises a framework that examines the moderating effect of sustainability reporting practices on the relationship between enterprise risk management (ERM) implementation and business performance. Business performance is proxied through a value-added measurement technique, namely the economic value added (EVA). An Effective ERM adoption has a significant positive impact on businesses' overall performance. However, there are limited studies conducted on ERM implementation and how sustainability reporting could influence organisations' performance through ERM. Many business organisations globally do not incorporate sustainability initiatives within their corporate strategy, whereas they should be critical input for strategic management and corporate planning. By combining the Stakeholders Theory and the Modern Portfolio Theory, this study integrates ERM implementation with sustainability reporting to examine their effect on business performance's economic value added. This paper proposes a quantitative content analysis of the of the annual reports to obtain information about companies' enterprise risk management practices and sustainability reporting. While secondary data related to the economic value added (EVA) measurement will be extracted from Thomson Reuters DataStream. The paper proposes ordinary least square (OLS) for the proposed analysis. The conceptual model espoused by this study will provide insights in formulating strategies and serve as an important conduit to enhance the EVA performance especially of the oil and gas companies. The EVA performance can be achieved through the improvement of price to earnings ratios and the reduction of cost of capital by reducing information asymmetry among the business, the insurance companies, the lenders and the shareholders of the company. © 2018 Elsevier Ltd
date: 2019
publisher: Elsevier Ltd
official_url: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85056162894&doi=10.1016%2fj.jclepro.2018.10.120&partnerID=40&md5=d3d96d930c48250509bc418b1369fdd5
id_number: 10.1016/j.jclepro.2018.10.120
full_text_status: none
publication: Journal of Cleaner Production
volume: 208
pagerange: 415-425
refereed: TRUE
issn: 09596526
citation:   Shad, M.K. and Lai, F.-W. and Fatt, C.L. and Klemeš, J.J. and Bokhari, A.  (2019) Integrating sustainability reporting into enterprise risk management and its relationship with business performance: A conceptual framework.  Journal of Cleaner Production, 208.  pp. 415-425.  ISSN 09596526