Determination of Corporate Risk Management Application Level: A Survey in Manisa Province

İngilizce (OpenAlex)

In this study, it was aimed to research the levels of corporate risk management application in businesses operating in Manisa. For this purpose, a survey was conducted to investigate the awareness of corporate risk management of businesses in Manisa Organized Industrial Zone. The survey results were evaluated by multidimensional scaling and correspondence analysis. Corporate risk management managers of 56 businesses participated in the survey. According to findings, it is found that the corporate risk management practices of businesses are at Level 4, but there is a lack in which guidance or standard is adapted. Also, while corporate risk management can be mentioned as a formal and rules-based risk management process in businesses carried out by internal auditors, it is observed that there is no specific risk management process in businesses where other (board of directors, CEO, human resources, occupational health, and safety specialist, external support) are responsible. Besides, it is determined that there are no businesses with the COSO corporate risk management guidance published by the United States that could be adapted to large businesses among the businesses that responded to the survey.