Role of Intellectual Capital Between Enterprise Risk Management and Firm Performance

In recent years, many organizations have improved the range of performance risks through the use of the ERM framework for management, as corporate risk management (ERM) is considered to be the most significant action in this period. Therefore, the present study examines the impact of ERM on corporate performance with the role of intellectual capital moderator and the relationship between ERM and corporate performance. For example, companies with higher intellectual capital can be more likely to resist the effects of unexpected changes in economies and markets. The findings indicate that developed countries have eliminated their risk issues through complex risk management systems, but developing countries like Pakistan are still facing this problem. Developed countries have adopted ERM strategies in their capital markets, but developing countries like Nepal, India, Bangladesh and Pakistan still use developed countries to adopt ERM practices.