Portal de Conferências da UnB, 2º Congresso UnB de Contabilidade e Governança - 2nd UnB Conference on Accounting and Governance

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Enterprise Risk Management and Firm Performance: Evidences from Brazil
Juliano Rodrigues Silva, Aldy Fernandes da Silva, Betty Lilian Chan

Última alteração: 2016-11-15


With the evolution of traditional risk management (TRM) for a holistic view, according to international studies, the simple adoption of Enterprise Risk Management (ERM), under strategic view, increases the firm value. On that basis, this research has investigated empirically the association between ERM adoption and firm performance (measured by Tobin's q ratio) in 80 Brazilian companies (673 companies-year) listed in the IBrX100 index from Brazilian Stock Exchange, over the period 2004-2013. After the introduction of controls to exogenous effects on the dependent variable, the results indicate to the existence of a positive association between ERM adoption and firm performance, consistent with most international researches.


Enterprise Risk Management; ERM; Firm Performance

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