Interplay of Risk Management in the Multi-Disruption Era and Agency Theory Insights: A Literature Review

Nisrina Afifawati; Lia Khasanah; Axel Giovanni

doi:10.37641/jimkes.v11i2.2129

Authors

Nisrina Afifawati Department of Management, Faculty of Economics, Universitas Tidar, Magelang, Indonesia
Lia Asriyani Nur Khasanah Department of Management, Faculty of Economics, Universitas Tidar, Magelang, Indonesia
Axel Giovanni Department of Management, Faculty of Economics, Universitas Tidar, Magelang, Indonesia

DOI:

https://doi.org/10.37641/jimkes.v11i2.2129

Keywords:

Intellectual capital, Risk management, Entrepreneurship, Disruption era

Abstract

This research aims to provide empirical insights into the intersection of risk management and agency theory, focusing on their role in preparing for and navigating contemporary disruptions. Risk management is conceptualized as a structured approach for addressing uncertainty related to threats, involving risk assessment, strategy formulation, and risk mitigation through empowerment and resource management. Using a literature review methodology, the study unveils a substantial influence of risk management on entrepreneurial Enterprise Risk Management (ERM), particularly within the domain of intellectual capital. The findings deepen our understanding of how effective risk management practices are crucial in navigating the dynamic landscape of modern business disruptions.

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