Enterprise risk management (ERM) has arguably become the dominant strategic management focus of organizations primarily due to a combination of factors — stakeholders’ aversion to uncertainty, volatility of the current marketplace, and compliance mandates such as the Sarbanes-Oxley Act. The...

The liberalization of economic policies in the last two decades and intensifying market competition tend to be a cause of policy concern for the survival of SMEs in emerging economies like India. These SMEs account for the largest chunk of industrial units and employment in the national economy....