Optimizing enterprise risk management: a literature review and critical analysis of the work of Wu and Olson
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Risks exist in all aspects of our lives. Using data in both Scopus and ISI Web of Science, this review paper identifies pioneer work and pioneer scholars in enterprise risk management (ERM). Being ranked the first based on the review data, Desheng Wu has been active in this area by serving as a good academic network manager on the global research network, His global efforts with diverse networking have enabled him to publish outstanding papers in the field of ERM. Therefore, this paper also conducts a literature review of his papers and critical analysis of the work of Wu and Olson, from the perspective of the ERM, to glean implications and suggestions for the optimization and customization of the ERM.
KeywordsEnterprise risk management (ERM) Risk elements W-O ERM model Value at risk (VaR) Customization
This work is partially supported by NFSC grant (Grant # 71471055), the 100-Talents plan Program at Chinese Academy of Sciences and 1000-Talents plan Program for the Young Scientists.
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