Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1107242 | Procedia - Social and Behavioral Sciences | 2016 | 7 Pages |
Traditionally risk management used to be considered as a means to alleviate perhaps eliminate negative outcomes of exposures. However, the result of this and other empirical studies shows the ability of risk management to go beyond this and respond to market factors which are out of management control in order to control volatilities in earning which ultimately improve corporate performance. The empirical study investigates the relationship between total risk management and company's performance. The result reviled that there is a positive relationship between total risk management and company's performance in companies which have invested higher level of intellectual capital. The result of the empirical study is consistent with other studies in different economic phenomenon.