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Research ModelObjective
setting
Identification
Risk
Reaction
Risk
Respons
e
Control
Activities
Monitoring
Oversigh
t
Perceived
Performance
Management
Internal
Environment
Info &
Comm.
Risk
Assessment
Independent variables Measurement
Enterprise Risk Management Objective Setting
Risk identification
Risk reaction
oversight
Information & communication
Dependent variables Measurement
Internal Environment 1. Risk mission statement
2. Risk in job responsibilities
3. Board’s involvement in risk management
Management 1. Greater management consensus
2. Better informed decisions
3. Better communication of risk
4. Increased accountability
Performance 1. Risk adjusted performance
2. Ability to meet strategic goals
3. profitability
Erm presentation

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Erm presentation