Factors affecting enterprise risk management in companies listed on the Tehran Stock Exchange

Subject Areas : Journal of Investment Knowledge

mohamad hosein pourahmadi ¹ , Gholam Reza Farsad Amanollahi ^{2 *} , zahra Lashgari ³

1 - Ph.D Student, Department of Accounting, Faculty of Economics and Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran
2 - Assistant Professor Department of Accounting, Faculty of Economics and Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran
3 - Assistant Professor Department of Accounting, Faculty of Economics and Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran

Received: 2021-04-18 Accepted : 2021-05-08 Published : 2024-06-21

Keywords: Enterprise Risk Management, Firm Size, Growth opportunity, return on assets,

Abstract :

Enterprise risk management can identify, measure, control, and monitor risk levels. The issue of enterprise risk management has been of interest to companies in recent years. The purpose of this study is to determine the implementation of enterprise risk management programs and then to examine the factors affecting the management of organizational risk 118 companies during the years 1388 to 1398. Factors such as firm size, growth opportunity, return on assets, financial leverage and dividends were also used as factors influencing the implementation of enterprise risk management. The test results of the hypotheses showed that the size of the company with 0.2853 and growth opportunity with 0.2349 multiplaiers is meaningful and positive. Also, financial leverage with -0.03935 and dividend with -0.01095 don’t have significance. In other words, at the 95% confidence level, firm size, growth opportunity, return on assets have an impact on enterprise risk management and financial leverage, dividend variables have no effect on enterprise risk management in companies listed on the Tehran Stock Exchange. In other words, enterprise risk management can improve the operational performance and increase the value of the company, and companies that are exposed to high risk due to environmental uncertainty can prevent and control the adverse effects of risk

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