مقاله انگلیسی شیوه های مدیریت ریسک و عملکرد شرکت با نقش میانجی گر نوآوری مدل کسب و کار
Abstract
Introduction
Literature Review Hypothesis Development
Methodology
Data Analysis
Discussion and Conclusions
Appendix A
References
Abstract
This study focused on scrutinizing the influence of Enterprises Risk Management (ERM) on firm performance with a mediating role of Business Model Innovation (BMI). For the purpose, data from 228 Jordanian firms was collected and analyzed. The results indicated that the ERM practices have a significant influence on BMI and financial firm’s performance. The BMI significantly contributed to the financial and nonfinancial performance, whereas it displayed insignificant effects regarding environmental performance. The BMI fully mediated the relationship between ERM practices and financial performance, where a partial mediating effect was observed for the path between ERM practices and nonfinancial performance, while showed no mediating role between the ERM practices and environmental performance. Economies of countries like Jordan are hereby urged to implement the formal ERM practices and to financially educate their top management teams to apply the BMI to gain first-rate performance. This study also encourages the researchers from other countries to extend this model to their economies to unleash useful insights.
Introduction
The business organizations used to apply traditional tactics to performance for the purpose of maximizing profitability, values and sales. However, the business organizations have now realized the importance of environmental and nonfinancial performance because of the community pressure and governmental regulations (Ilyas et al. 2020; Memon et al. 2020). Consequently, several strategies have been introduced to gain desirable environmental, financial and nonfinancial performance namely modern technology (Chege and Wang 2020; Singh et al. 2019), financial resources (Khattak 2020; Memon et al. 2020), intellectual capital (Demartini and Beretta 2020), entrepreneurial orientation (Amankwah-Amoah et al. 2019), knowledge management (Kmieciak and Michna 2018; Roxas and Chadee 2016) and enterprise risk management (ERM) (Brustbauer 2016; Shad et al. 2019), all of which are found to be relevant and equally important but the ERM in particular has become a key predictor of performance in financial institutions because they are persistently engaged in the reduction of financial loss and risk (Rasid et al. 2014).