nterprise, designed to identify potential evens that may affect the entity and manage risk to be within its risk appetite to provide reasonable assurance regarding the achievement of entity objectives” (Steinberg, Everson and Martens).
The proposed project is based on extensive research in the concept of Enterprise Risk Management which will focus on providing important information regarding evolution of ERM and its importance, various risks faced by businesses and different risk management techniques which companies can implement to mitigate the extent of their risk exposures. From the literary discussion on ERM a case will be developed where possible applications of ERM will be assessed in respect to the companies listed of Tallinn Stock Exchange (TSE). Different industry groups will be examined and recommendations will be put forward for implementation of effective and efficient ERM framework in companies.
The research will seek out important information from both primary and secondary sources. For primary research a survey questionnaire (Badke) will be prepared to inquire from companies’ risk managers to comment and elaborate on risk issues facing their companies and ERM techniques they have implemented. Furthermore, secondary research from a collection of journals, articles, periodicals, books and credible internet sources will be carried out to form basis of background to the context of the research, literature review, research methodologies and information pertaining to the companies under