Optimizing enterprise risk management: a literature review and critical analysis of the work of  Wu and Olson

Yongrok Choi, Xiaoxia Ye, Lu Zhao, Amanda C. Luo

Research output: Contribution to journalArticlepeer-review

41 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)281-300
Number of pages20
JournalAnnals of Operations Research
Volume237
Issue number1-2
DOIs
StatePublished - 1 Feb 2016

Bibliographical note

Publisher Copyright:
© 2015, Springer Science+Business Media New York.

Keywords

  • Customization
  • Enterprise risk management (ERM)
  • Risk elements
  • Value at risk (VaR)
  • W-O ERM model

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