ENTERPRISE RISK MANAGEMENT - PRIORITY OF EXPORT-ORIENTED FIRM IN EMERGING ECONOMY

Purpose - This paper seeks to review the literature on enterprise risk management (ERM) of export-oriented entrepreneurial firms in emerging economy. Given the importance of Enterprise risk management for entrepreneurship, the purpose of this paper is to determine how far this line of research has progressed and what areas are still pending study. Design/methodology/approach - The paper has a three-part structure. First, the paper describes the published works. Second, it examines the topics dealt with in the literature. Third, the review identifies the limitations of the literature and outlines future lines of research for this field. Findings - Most papers that deal with ERM and entrepreneurship together are empirical. The underlying premise of enterprise risk management is that every entity exists to provide value for its stakeholders Enterprise risk management enables management to effectively deal with uncertainty and associated risk and opportunity, enhancing the capacity to build value. Originality/value - The paper helps scholars orient their research in Enterprise risk management of export-oriented entrepreneurial firms in emerging economy by providing them with a better understanding of the direction in which the field is going and what gaps remain.