ENTERPRISE RISK MANAGEMENT AND THE INFLUENCE OF EXTERNAL AND INSTITUTIONAL CORPORATE GOVERNANCE PRACTICES ON FIRMS’ VALUE
LUMINITA IONESCUABSTRACT. Mikes remarks that enterprise risk management (ERM) has recently emerged as a widespread practice in financial institutions. Mikes explores the forms and uses of ERM and the roles that risk managers have come to play in actual organizational settings. Poletti Hughes analyses both ultimate ownership and investors’ protection in determining corporate value for a sample of firms from 12 Western European countries. Poletti Hughes argues that countries with such legal origin tend to have higher levels of protection for shareholders than in other countries.