Enterprise risk management and economies of scale and scope: evidence from the German insurance industry

Enterprise risk management (ERM) is the approach of managing all risks faced by an enterprise in an integrated, holistic fashion. This research investigates whether the utilization of the ERM approach helps firms achieve economies of scale and scope. We use detailed survey data of German property-li...

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Bibliographic Details
Published in:	Annals of operations research Vol. 299; no. 1-2; pp. 811 - 845
Main Authors:	Altuntas, Muhammed, Berry-Stölzle, Thomas R., Cummins, J. David
Format:	Journal Article
Language:	English
Published:	New York Springer US 01.04.2021 Springer Springer Nature B.V
Subjects:	Business and Management Business enterprises Combinatorics Data envelopment analysis Diversification Economic aspects Economies of scale Economies of scope Efficiency Enterprise risk management Equity capital Impact analysis Insolvency Insurance Insurance companies Insurance industry Liability insurance Management Methods Operations research Operations Research/Decision Theory Property and casualty insurance industry Quality management Research design Revenue Risk management S.I.: Recent Developments in Financial Modeling and Risk Management Scale efficiency Target marketing Theory of Computation Germany United States > US Enterprise risk management Economies of scale Economies of scope Insurance industry Firm efficiency
ISSN:	0254-5330, 1572-9338
Online Access:	Get full text
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