پیوندهای مفید
اخبار و اعلانات
آمار
| تعداد نشریات | 127 |
| تعداد شمارهها | 7,150 |
| تعداد مقالات | 76,903 |
| تعداد مشاهده مقاله | 154,947,759 |
| تعداد دریافت فایل اصل مقاله | 116,923,630 |
Evaluating Enterprise Risk Management in Iran's Cement Industry | ||
| Industrial Management Journal | ||
| دوره 17، شماره 4، 2025، صفحه 199-224 اصل مقاله (1.14 M) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22059/imj.2025.400868.1008263 | ||
| نویسندگان | ||
| Ali Mohaghar* 1؛ Ali Ebrahimi Kordlar2؛ Sohrab Karami3؛ Gama Harta Nugraha Nur Rahayu4 | ||
| 1Prof., Faculty of Industrial Management & Technology, College of Management, University of Tehran, Tehran, Iran. | ||
| 2Associate Prof., Department of Accounting, Faculty of Accounting and Finance, College of Management. University of Tehran, Tehran, Iran. | ||
| 3Ph.D. Candidate, Department of Business Management, College of Kish, University of Tehran, Kish, Iran. | ||
| 4Ph.D. Candidate, Department of Industrial Engineering, Institut Teknologi Bandung, Bandung, Indonesia & Faculty of Engineering, Universitas Pancasila, Jakarta, Indonesia. | ||
| چکیده | ||
| Objective: Enterprise Risk Management (ERM) has become the predominant strategic-management approach in modern organizations. Implementing ERM through a risk-vision strategy enhances organizational performance by promoting a forward-looking perspective. This approach requires ongoing monitoring of environmental changes that present both threats and opportunities, allowing firms to respond effectively. Central to this foresight is ERM's ability to identify shifts in markets and the broader business environment. This study seeks to develop and articulate an ERM evaluation model for subsidiaries of selected Iranian cement-holding companies Methodology: An exploratory mixed-methods design was employed. Grounded Theory was used to inductively construct an ERM evaluation model, resulting in 26 sub-categories grouped into six core categories: causal conditions, the focal phenomenon, contextual conditions, intervening conditions, ERM evaluation strategies, and ERM evaluation consequences. Results: The Grey DEMATEL method was then applied to analyze the relationships among the model’s dimensions. Findings indicate that causal conditions influence the focal phenomenon, which in turn shapes evaluation strategies for ERM. These strategies directly affect the outcomes of ERM evaluation. Additionally, both contextual and intervening conditions impact ERM strategies, while intervening conditions also affect causal conditions. Conclusion: This study enhances understanding of the relationships within the Risk Management Evaluation Framework and offers practical management strategies for holding companies in the Iranian cement industry. | ||
| کلیدواژهها | ||
| Enterprise risk management evaluation, cement industry؛ grounded theory؛ grey DEMATEL | ||
| مراجع | ||
|
Adam, M., Soliman, A. M., & Mahtab, N. (2023). Measuring enterprise risk management implementation: A multifaceted approach for the banking sector. The Quarterly Review of Economics and Finance, 87, 244–256. https://doi.org/10.1016/j.qref.2021.01.002
Ade, I., Joseph, M., & Francis, D. (2020). Enterprise risk management practices and survival of small and medium scale enterprises in Nigeria. Studies in Business and Economics, 15(1), 68–82. https://doi.org/10.2478/sbe-2020-0007
Ahmad Jaber, T., & Mohammed Shah, S. (2024). Enterprise risk management literature: emerging themes and future directions. Journal of Accounting & Organizational Change, 20(1), 84–111. https://doi.org/10.1108/JAOC-07-2022-0106
Jafarnejad, A., Ghasemi, R., Abdollahi, B., & Esmailzadeh, A. (2013). Relationship between macroeconomic environment and technological readiness: A secondary analysis of countries' global competitiveness. International Journal of Management Perspective. 1(2), 1–13. Retrieved from: publication/315573973
Mohaghar, A., Heydarzadeh Moghaddam, H., & Ghasemi, R. (2023). Developing a Model to Optimize Maximum Coverage of Roadside Units Placement in Vehicular Ad–hoc Network for Intelligent Transportation System. Journal of Industrial Management Perspective, 13(2), 211–240. Doi: https://doi.org/10.48308/jimp.13.2.211
Alawattegama, K. K. (2018). The effect of enterprise risk management (ERM) on firm performance: Evidence from the diversified industry of Sri Lanka. Journal of Management Research, 10(1), 75–93. Retrieved from: https://www.academia.edu/download/61593753
Altanashat, M., Al Dubai, M., & Alhety, S. (2019). The impact of enterprise risk management on institutional performance in Jordanian public shareholding companies. Journal of Business and Retail Management Research, 13(3). Retrieved from: http://jbrmr.com/cdn/article_file/2019-04-01-12-17-27-PM.pdf
Altuntas, M., Berry-Stölzle, T. R., & Cummins, J. D. (2021). Enterprise risk management and economies of scale and scope: evidence from the German insurance industry. Annals of Operations Research, 299(1), 811–845. https://doi.org/10.1007/s10479-019-03393-x
Anton, S. G., & Nucu, A. E. A. (2020). Enterprise risk management: A literature review and agenda for future research. Journal of Risk and Financial Management, 13(11), 281. https://doi.org/10.3390/jrfm13110281
Arena, M., Arnaboldi, M., & Azzone, G. (2011). Is enterprise risk management real?. Journal of Risk Research, 14(7), 779–797. https://doi.org/10.1080/13669877.2011.571775
Asadi Touranlou, F., Tavakoly Sany, S. B., Ghayour Mobarhan, M., Khanzadi, S., Afshari, A., & Hashemi, M. (2025). Health risk assessment of exposure to heavy metals in wheat flour from Iran markets: application of Monte Carlo simulation approach. Biological Trace Element Research, 203(4), 2284–2294. https://doi.org/10.1007/s12011-024-04324-z
Asgari, G., & Abdipour, H. (2025). Ecological risk assessment and distribution of heavy metals (Pb, Cr, Ni, as, Co and Mn) in soil of Douroud city, Iran. Soil and Sediment Contamination: An International Journal, 1–18. https://doi.org/10.1080/15320383.2025.2527156
Bazaluk, O., Pavlychenko, A., Yavorska, O., Nesterova, O., Tsopa, V., Cheberiachko, S., ... & Lozynskyi, V. (2024). Improving the risk management process in quality management systems of higher education. Scientific Reports, 14(1), 3977. https://doi.org/10.1038/s41598-024-53455-9
Berry‐Stölzle, T. R., & Xu, J. (2018). Enterprise risk management and the cost of capital. Journal of Risk and Insurance, 85(1), 159-201. https://doi.org/10.1111/jori.12152
Biresaw, T. M., & Sibindi, A. B. (2025). The Assessment of Enterprise Risk Management Practices of Ethiopian Commercial Banks. Risks, 13(3), 51. https://doi.org/10.3390/risks13030051
Boliari, N., & Topyan, K. (2022). Holding companies and debt financing: A comparative analysis using option-adjusted spreads. Journal of Risk and Financial Management, 15(12), 569. https://doi.org/10.3390/jrfm15120569
Burjaliani, M. T., Rossi, M. I., e Silva, M. P. P., Zarazinski, M. A. B. K. L., Ramarozatovo, M. A., Jean, M., ... & FAD, M. A. M. (2025). Governance Diagnostic Report. https://www.imf.org/-/media/Files/Publications/TAR/2025/English/tarea2025039-print-pdf.ashx
Crawford, J., & Jabbour, M. (2024). The relationship between enterprise risk management and managerial judgement in decision‐making: A systematic literature review. International Journal of Management Reviews, 26(1), 110–136. https://doi.org/10.1111/ijmr.12337
Dawoudian, J., Bahamin, S., & Tantoh, H. B. (2021). Environmental impact assessment of cement industries using mathematical matrix method: case of Ghayen cement, South Khorasan, Iran. Environmental Science and Pollution Research, 28(18), 22348-22358. https://doi.org/10.1007/s11356-020-12012-3
Dellana, S., Rowe, W. J., & Liao, Y. (2022). A scale for measuring organizational risk management maturity in the supply chain. Benchmarking: An International Journal, 29(3), 905–930. https://doi.org/10.1108/BIJ-11-2020-0578
Fadel, M., Farah, E., Fakhri, N., Ledoux, F., Courcot, D., & Afif, C. (2024). A Comprehensive Review of PM-Related Studies in Industrial Proximity: Insights from the East Mediterranean Middle East Region. Sustainability, 16(20), 8739. https://doi.org/10.3390/su16208739
Farooq, M., Khan, I., Kainat, M., & Mumtaz, A. (2025). Corporate social responsibility and firm value: the role of enterprise risk management and corporate governance. Corporate Governance: The International Journal of Business in Society, 25(3), 631–663. https://doi.org/10.1108/CG-08-2023-0341
Farooq, M., Khan, I., Kainat, M., & Mumtaz, A. (2025). Corporate social responsibility and firm value: the role of enterprise risk management and corporate governance. Corporate Governance: The International Journal of Business in Society, 25(3), 631–663. https://doi.org/10.1108/CG-08-2023-0341
Farrell, M., & Gallagher, R. (2015). The valuation implications of enterprise risk management maturity. Journal of Risk and Insurance, 82(3), 625–657. https://doi.org/10.1111/jori.12035
González, L. O., Santomil, P. D., & Herrera, A. T. (2020). The Impact of Enterprise Risk Management on Risk and Performance of Spanish Listed Companies. European Research on Management and Business Economics, 26(3), 111–120. https://doi.org/10.1016/j.iedeen.2020.08.002
Haelterman, H. (2022). Breaking silos of legal and regulatory risks to outperform traditional compliance approaches. European Journal on Criminal Policy and Research, 28(1), 19–36. https://doi.org/10.1007/s10610-020-09468-x
Hiebl, M. R., Duller, C., & Neubauer, H. (2019). Enterprise risk management in family firms: evidence from Austria and Germany. The Journal of Risk Finance, 20(1), 39–58. https://doi.org/10.1108/JRF-01-2018-0003
Hong, N. T. H. (2023). The effects of enterprise risk management on the performance and risk of Vietnamese listed firms: Evidence from abnormal enterprise risk management index. Global Business & Finance Review (GBFR), 28(5), 122–135. https://doi.org/10.17549/gbfr.2023.28.5.122
Hristov, I., Camilli, R., Chirico, A., & Mechelli, A. (2024). The integration between enterprise risk management and performance management system: Managerial analysis and conceptual model to support strategic decision-making process. Production Planning & Control, 35(8), 842–855. https://doi.org/10.1080/09537287.2022.2140086
Iswajuni, I., Manasikana, A., & Soetedjo, S. (2018). The effect of enterprise risk management (ERM) on firm value in manufacturing companies listed on Indonesian Stock Exchange year 2010-2013. Asian Journal of Accounting Research, 3(2), 224-235. https://doi.org/10.1108/AJAR-06-2018-0006
Jafari, A., Asadyari, S., Moutab Sahihazar, Z., & Hajaghazadeh, M. (2023). Monte Carlo-based probabilistic risk assessment for cement workers exposed to heavy metals in cement dust. Environmental Geochemistry and Health, 45(8), 5961–5979. https://doi.org/10.1007/s10653-023-01611-x
Jalilvand, A., & Moorthy, S. (2023). Triangulating risk profile and risk assessment: A case study of implementing enterprise risk management system. Journal of Risk and Financial Management, 16(11), 473. https://doi.org/10.3390/jrfm16110473
Jean-Jules, J., & Vicente, R. (2021). Rethinking the implementation of enterprise risk management (ERM) as a socio-technical challenge. Journal of Risk Research, 24(2), 247–266. https://doi.org/10.1080/13669877.2020.1750462
Jonek-Kowalska, I. (2019). Efficiency of Enterprise Risk Management (ERM) systems. Comparative analysis in the fuel sector and energy sector on the basis of Central-European companies listed on the Warsaw Stock Exchange. Resources policy, 62, 405-415. https://doi.org/10.1016/j.resourpol.2019.04.011
Karimi, T., Azar, A., Mohebban, B., & Ghasemi, R. (2022). Developing an Internet of Things-based intelligent transportation technology roadmap in the food cold supply chain. Industrial Management Journal, 14(2), 195–219. Doi: https://doi.org/10.22059/imj.2021.319427.1007825
Khanipour, S., Yazdanyan, N., & Shahverdiani, S. (2022). Providing a framework for identifying and assessing the risks faced by subsidiaries in holdings: Emphasizing on the Impact of the parent company's strategies. International Journal of Finance & Managerial Accounting, 7(27), 61-76. https://doi.org/10.30495/ijfma.2022.19900
Ghasemi, R., Mahbanooei, B., & Beigi, R. G. (2018, November). The relationship between labor market efficiency and innovation. In Proceeding of 11th International Seminar on Industrial Engineering & Management (ISIEM)(Nov. 27-29, 2018 Makassar, Indonesia) (pp. 142-149). Retrieved from: https://isiem.net/wp-content/uploads/2019/08/11th_ISIEM_2018_paper_126.pdf
Khorshidikia, S., Rismanchian, M., & Habibi, E. (2025). A narrative review on the application of Delphi and fuzzy Delphi techniques in the cement industry. Work, 80(4), 1507–1517. https://doi.org/10.1177/10519815241297468
Klučka, J., & Grünbichler, R. (2020). Enterprise risk management–Approaches determining its application and relation to business performance. Quality innovation prosperity, 24(2), 51–58. https://doi.org/10.12776/qip.v24i2.1467
Liu, K. (2021). Chinese financial holding companies: A review. The Chinese Economy, 54(3), 217–231. https://doi.org/10.1080/10971475.2020.1848469
Mahama, H., Elbashir, M., Sutton, S., & Arnold, V. (2022). Enabling enterprise risk management maturity in public sector organizations. Public Money & Management, 42(6), 403–407. https://doi.org/10.1080/09540962.2020.1769314
Malik, M. F., Zaman, M., & Buckby, S. (2020). Enterprise risk management and firm performance: Role of the risk committee. Journal of Contemporary Accounting & Economics, 16(1), 100178. https://doi.org/10.1016/j.jcae.2019.100178
McShane, M. K., Nair, A., & Rustambekov, E. (2011). Does enterprise risk management increase firm value?. Journal of Accounting, Auditing & Finance, 26(4), 641–658. https://doi.org/10.1177/0148558X11409160
Melhim, S. H., & Isaifan, R. J. (2025). The Energy-Economy Nexus of Advanced Air Pollution Control Technologies: Pathways to Sustainable Development. Energies, 18(9), 2378. https://doi.org/10.3390/en18092378
Mishra, A., Alsamhi, M. H., Bajaher, M., & Alahdal, W. M. (2025). ESG research unveiled: publication patterns, dominant themes, and future avenues–a bibliometric approach. Cogent Business & Management, 12(1), 2538711. https://doi.org/10.1080/23311975.2025.2538711
Monazzam, A., & Crawford, J. (2024). The role of enterprise risk management in enabling organisational resilience: a case study of the Swedish mining industry. Journal of Management Control, 35(1), 59–108. https://doi.org/10.1007/s00187-024-00370-9
Nguyen, D. K., & Vo, D. T. (2020). Enterprise risk management and solvency: The case of the listed EU insurers. Journal of Business Research, 113, 360-369. https://doi.org/10.1016/j.jbusres. 2019.09.034
Nocco, B. W., & Stulz, R. M. (2022). Enterprise risk management: Theory and practice. Journal of applied corporate finance, 34(1), 81-94. https://doi.org/10.1111/jacf.12490
Rehman, S. (2024). Risk Management in Business: Strategies for Mitigation. Journal of Management Science Research Review, 2(1), 1–13. Retrieved from: https://www.jmsrr.com/index.php/Journal/ article/download/20/19
Saeidi, P., Saeidi, S. P., Sofian, S., Saeidi, S. P., Nilashi, M., & Mardani, A. (2019). The impact of enterprise risk management on competitive advantage by moderating role of information technology. Computer standards & interfaces, 63, 67–82. https://doi.org/10.1016/j.csi.2018.11.009
Sangode, P. B. (2023). Supply chain risk model for cement industry based on interpretive structural model driven by FMEA. Journal of Industrial Engineering and Management, 16(3), 473–492. Retrieved from: http://jiem.org/index.php/jiem/article/view/5643
Settembre-Blundo, D., González-Sánchez, R., Medina-Salgado, S., & García-Muiña, F. E. (2021). Flexibility and resilience in corporate decision making: a new sustainability-based risk management system in uncertain times. Global Journal of Flexible Systems Management, 22(Suppl 2), 107–132. https://doi.org/10.1007/s40171-021-00277-7
Shad, M. K., & Lai, F. W. (2019). Enterprise risk management implementation and firm performance: Evidence from the Malaysian oil and gas industry. International Journal of Business and Management, 14(9), 47–53. Retrieved from: 69779432/41498
Sithipolvanichgul, J., Dhir, A., Talwar, S., Nijjer, S. K., & Kaur, P. (2025). Knowledge management risks in open innovations: a qualitative assessment. Journal of Knowledge Management. https://doi.org/10.1108/JKM-11-2023-1089
Soltanizadeh, S., Rasid, S. Z. A., Golshan, N., Quoquab, F., & Basiruddin, R. (2014). Enterprise risk management practices among Malaysian firms. Procedia-Social and Behavioral Sciences, 164, 332–337. https://doi.org/10.1016/j.sbspro.2014.11.084
Stulz, R. M. (2024). Risk, the limits of financial risk management, and corporate resilience. Annual Review of Financial Economics, 17. https://doi.org/10.1146/annurev-financial-112823-022941
Wirahadi, A., & Pasaribu, M. (2022, March). Business Model Innovation: The Role of Enterprise Risk Management and Strategic Agility. In 7th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2021) (pp. 283–289). Atlantis Press. https://doi.org/10.2991/aebmr.k. 220304.037
Xie, W., He, J., Huang, F., & Ren, J. (2025). Operational Risk Assessment of Commercial Banks’ Supply Chain Finance. Systems, 13(2), 76. https://doi.org/10.3390/systems13020076
Xu, N., Lv, W., & Wang, J. (2024). The impact of digital transformation on firm performance: a perspective from enterprise risk management. Eurasian Business Review, 14(2), 369-400. https://doi.org/10.1007/s40821-024-00264-9
| ||
|
آمار تعداد مشاهده مقاله: 161 تعداد دریافت فایل اصل مقاله: 103 |
||
سامانه مدیریت نشریات علمی. قدرت گرفته از سیناوب