Mapping the influence of enterprise risk management: a systematic review and bibliometric analysis

Zhangwei Zheng, Hafizuddin-Syah B.A.M, Hafizah Omar Zaki and Qin Lingda Tan

Abstract

This study investigates the influence of enterprise risk management (ERM) through bibliometric analysis and a systematic review using the theory–context–method (TCM) framework. Analyzing 135 Scopus-indexed documents including 27 high-quality journal articles, the research highlights global trends, thematic clusters and emerging topics in ERM. Performance analysis reveals a sustained interest in ERM, with significant geographic and institutional disparities. Six thematic clusters reveal critical research areas, while emerging topics include ERM’s integration with digital transformation and sector-specific applications. The TCM analysis highlights the dominance of ERM theory and quantitative regression methods, particularly in the United States. The systematic review confirms that ERM generally enhances firm performance, particularly in mature stages of implementation, though mixed results in some contexts highlight the need for further exploration of mediating factors. By integrating bibliometric and systematic review methodologies, this study provides a comprehensive overview of ERM research, offering valuable insights to guide future theoretical, methodological and practical advances.