How to cite this paper
Ricardianto, P., Lembang, A., Tatiana, Y., Ruminda, M., Kholdun, A., Kusuma, I., Sembiring, H., Sudewo, G., Suryani, D & Endri, E. (2023). Enterprise risk management and business strategy on firm performance: The role of mediating competitive advantage.Uncertain Supply Chain Management, 11(1), 249-260.
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Abdulwase, R., Ahmed, F., Nasr, F., Abdulwase, A., Alyousofi, A., & Yan, S. (2021). The role of business strategy is to create a competitive advantage in the organization. Open Access Journal of Science, 4(4), 135–138. https://doi.org/10.15406/oajs.2020.04.00162
Abeysekara, N., Wang, H., & Kuruppuarachchi, D. (2019). Effect of supply-chain resilience on firm performance and competitive advantage: A study of the Sri Lankan apparel industry. Business Process Management Journal, 25(7), 1673–1695.
Al Serhan, Y. N., Julian, C. C., & Ahmed, Z. U. (2015). Using time to gain competitive advantage: a framework and analysis of propositions. International Journal of Commerce and Management, 25(4), 456 – 465.
Ali, B. J., & Anwar, G. (2021). Business strategy: The influence of Strategic Competitiveness on competitive advantage. International Journal of Electrical, Electronics and Computers, 6(2), 1-10. https://dx.doi.org/10.22161/eec.62.1
Anwar, M. (2018). Business model innovation and SMEs performance—Does competitive advantage mediate? International Journal of Innovation Management, 22(7), 1850057.
Arena, M., Arnaboldi, M., & Azzone, G. (2010). The organizational dynamics of enterprise risk management. Accounting, Organizations and Society, 35(7), 659-675.
Baia, E., Ferreira, J. J., & Rodrigues, R. (2020). Value and rareness of resources and capabilities as sources of competitive advantage and superior performance. Knowledge Management Research & Practice, 18(3), 249-262.
Bailey, B. C., & Peck, S. I. (2013). Boardroom strategic decision‐making style: Understanding the antecedents. Corporate Governance: An International Review, 21(2), 131-146. https://doi.org/10.1111/corg.12008
Barata, F., Ricardianto, P., Mulyana, A., Perwitasari, E., Arubusman, D., Purwoko, H & Endri, E. (2022). Berthing time in the port of Tanjung Priok, Jakarta, Indonesia.Uncertain Supply Chain Management, 10(4), 1387-1396. DOI: 10.5267/j.uscm.2022.6.018
Bayo-Moriones, A., Galdon-Sanchez, J. E., & Martinez-de-Morentin, S. (2021). A business strategy, performance appraisal, and organizational results. Personnel Review, 50(2), 515–534.
Bromiley, P., McShane, M., Nair, A., & Rustambekov, E. (2015). Enterprise risk management: Review, critique, and research directions. Long Range Planning, 48(4), 265-276.
Brustbauer, J. (2016). Enterprise risk management in SMEs: Towards a structural model. International Small Business Journal, 34(1), 70-85.
Bugador, R. (2015). The competitive advantages and internationalization of emerging economy business groups. Polish Journal of Management Studies, 12(1), 26–36.
Chan, L. L., Shaffer, M. A., & Snape, E. (2004). In search of sustained competitive advantage: the impact of organizational culture, competitive strategy, and human resource management practices on firm performance. The International Journal of Human Resource Management, 15(1), 17–35.
Chance, D. M., & Brooks, R. (2015). Introduction to derivatives and risk management. Cengage Learning.
Choi, B., & Lee, H. (2002). Knowledge management strategy and its link to the knowledge creation process. Expert Systems with Applications, 23(3), 173-187. https://doi.org/10.1016/S0957-4174(02)00038-6
D'agostini, E., Nam, H.S., & Kang, S.H. (2019). Gaining competitive advantage at sea: an overview of shipping lines' strategic decisions. International Journal of Transportation Engineering and Technology, 5(4), 74-81, DOI: 10.11648/j.ijtet.20190504.12.
Damayanti, A., & Augustine, Y. (2019). The Effect of Management Accounting Systems and Enterprise Risk Management on Organizational Performance with a Competitive Advantage as an Intervening Variable. European Journal of Business and Management, 11(15), 42-53.
Delery, J. E., & Roumpi, D. (2017). Strategic human resource management, human capital, and competitive advantage: is the field going in circles? Human Resource Management Journal, 27(1), 1-21.
Dessler, G. (2010). Fundamentals Of Human Resource Management: Content, Competencies, and Applications. Pearson Education (India).
Endri, E., Ridho, A.M., Marlapa, E., & Susanto, H. (2021). Capital Structure and Profitability: Evidence from Mining Companies in Indonesia. Montenegrin Journal of Economics, 17(4), 135-146. DOI: 10.14254/1800-5845/2021.17-4.12
Endri, E., Sari, A.K., Budiasih, Y., Yuliantini, Y., & Kasmir, K. (2020). Determinants of Profit Growth in Food and Beverage Companies in Indonesia. Journal of Asian Finance, Economics, and Business, 7(12), 739-748. https://doi:10.13106/jafeb.2020.vol7.no12.739
Eve, J., Syavira, A., Ricardianto, P., Nofrisel., & Endri, E. (2022).The Role of Information Technology in Business Agility: Systematic Literature Review. Quality Access to Success, 23(189), 144-149. DOI: 10.47750/QAS/23.189.16
Finster, M. P., & Hernke, M. T. (2014). Benefits organizations pursue when seeking competitive advantage by improving environmental performance. Journal of Industrial Ecology, 18(5), 652-662.
Florio, C., & Leoni., G. (2017). Enterprise risk management and firm performance: The Italian case. The British Accounting Review, 49(1), 56–74.
Forsberg, F., Panici, V., & Jami, H. (2022). Integration of Enterprise Risk Management and Performance Measurement System towards a better strategic decision: A Study of small Swedish manufacturing companies within the tech industry. [Thesis]. Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
Gena, B., Arief, D., Tridoyo, K., & Nimmi, Z. (2020). Competitive advantage improvement strategy of container shipping industry: a case of Indonesia. International Journal of Shipping and Transport Logistics, 12(4), 307-339.
González-Rodrígueza, M. R., Jiménez-Caballeroa, J. L., Martín-Sampera, R. C., Köseoglub, M. A., & Okumusc, F. (2018). Revisiting the link between business strategy and performance: Evidence from hotels. International Journal of Hospitality Management, 72, 21–31.
González, L. O., Santomil, P. D., & Herrera, A. T. (2020). The effect of Enterprise Risk Management on the risk and the performance of Spanish listed companies. European Research on Management and Business Economics, 26(3), 111–120.
Gonzalez Sanchez, M., & Morales de Vega, M. E. (2018). Corporate reputation and firms’ performance: Evidence from Spain. Corporate Social Responsibility and Environmental Management, 25(6), 1231-1245.
Grant, R. M. (2016). Contemporary strategy analysis (9th Editio). USA: John Wiley & Sons Ltd.
Haque, M. G., Munawaroh, M., Sunarsi, D., & Baharuddin, A. (2021). Competitive Advantage in Cost Leadership and Differentiation of SMEs “Bakoel Zee” Marketing Strategy in BSD. PINISI Discretion Review, 4(2), 277-284.
Heizer, J., Render, B., & Munson, C. (2020). Operations Management: Sustainability and Supply Chain Management (12th Eds). Harlow: Pearson Education Limited.
Hoyt, R. E., & Liebenberg, A. P. (2011). The value of enterprise risk management. Journal of Risk and Insurance, 78(4), 795-822.
Huang, J. S., & Dai, J. (2015). Comparing the competitive advantages of leading news sites in mainland China and Taiwan. Chinese Journal of Communication, 8(2), 142-159.
Ireland, R. D., Hoskisson, R. E., & Hitt, M. A. (2017). Strategic management: Competitiveness & globalization: Concept and cases. Boston: Cengage Learning.
Jamaludin, M. (2021). The influence of supply chain management on competitive advantage and company performance. Uncertain Supply Chain Management, 9(3), 696-704.
Keown, A. J., Scott, D. F., Martin, J. D., Martin, J. H., & Petty, J. W. (2020). Financial management: principles and applications. Prentice Hall.
Khan, M. J., Hussain, D., & Mehmood, W. (2016). Why do firms adopt enterprise risk management (ERM)? Empirical evidence from France. Management Decision., 54(8), 1886–1907.
Kommunuri, J., Narayan, A., Wheaton, M., Jandug, L., & Gonuguntla, S. (2016). Firm performance and value effects of enterprise risk management. New Zealand Journal of Applied Business Research, 14(2), 17-28.
Kotler, P., & Armstrong, G. (2018). Principles of Marketing (17th Eds). Pearson Education Limited.
Krause, T. A., & Tse, Y. (2016). Risk management and firm value: recent theory and evidence. International Journal of Accounting and Information Management., 24(1), 56–81.
Kuo, S. Y., Lin, P. C., Lu, C. S., & (2014, A. (2014). Examining the Linkages between Service Capabilities, Dynamic Capabilities, and Competitive Advantage in Container Shipping. International Forum on Shipping, Ports, and Airports (IFSPA) 2014: Sustainable Development in Shipping and Transport LogisticsHong Kong Polytechnic University.
Kwak, D. W., Seo, Y. J., & Mason, R. (2018). Investigating the relationship between supply chain innovation, risk management capabilities, and competitive advantage in global supply chains. International Journal of Operations & Production Management, 38(1), 2-21.
Leonidou, L. C., Fotiadis, T. A., Christodoulides, P., Spyropoulou, S., & Katsikeas, C. S. (2015). Environmentally friendly export business strategy: Its determinants and effects on competitive advantage and performance. International Business Review, 24(5), 798-811.
Lestari, S. D., Leon, F. M., Widyastuti, S., Brabo, N. A., & Putra, A. H. P. K. (2020). Antecedents and consequences of innovation and business strategy on performance and competitive advantage of SMEs. The Journal of Asian Finance, Economics, and Business, 7(6), 365-378.
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Meidell, A., & Kaarbøe, K. (2017). How the enterprise risk management function influences decision-making in the organization–A field study of a large, global oil and gas company. The British Accounting Review, 49(1).
Moeller, R. R. (2011). COSO Enterprise Risk Management: Establishing Effective Governance, Risk, and Compliance Processes. New Jersey: John Wiley & Sons, Inc.
Mondy, R. W. (2012). Human resource management (12th eds.). New Jersey, USA: Prentice Hall.
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Nuraini, N., Sarkum, S., & Halim, A. (2021). Analysis of company capability, supply chain management of competitive advantage, and company performance. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 4(1), 87-104.
Parnell, J. A. (2010). Strategic clarity, business strategy, and performance. Journal of Strategy and Management., 3(4), 304–324.
Potjanajaruwit, P. (2018). Competitive advantage effects on firm performance: A case study of startups in Thailand. Journal of International Studies, 10(1), 104–111.
Poulis, E., Poulis, K., & Dooley, L. (2013). Information communication technology innovation in a non-high technology sector: achieving competitive advantage in the shipping industry. The Service Industries Journal, 33(6), 594-608.
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Purwanto, E., & Purwanto, A. D. B. (2020). An investigative study on the sustainable competitive advantage of manufacturing companies in Indonesia. Business: Theory and Practice, 21(2), 633-642.
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Al Serhan, Y. N., Julian, C. C., & Ahmed, Z. U. (2015). Using time to gain competitive advantage: a framework and analysis of propositions. International Journal of Commerce and Management, 25(4), 456 – 465.
Ali, B. J., & Anwar, G. (2021). Business strategy: The influence of Strategic Competitiveness on competitive advantage. International Journal of Electrical, Electronics and Computers, 6(2), 1-10. https://dx.doi.org/10.22161/eec.62.1
Anwar, M. (2018). Business model innovation and SMEs performance—Does competitive advantage mediate? International Journal of Innovation Management, 22(7), 1850057.
Arena, M., Arnaboldi, M., & Azzone, G. (2010). The organizational dynamics of enterprise risk management. Accounting, Organizations and Society, 35(7), 659-675.
Baia, E., Ferreira, J. J., & Rodrigues, R. (2020). Value and rareness of resources and capabilities as sources of competitive advantage and superior performance. Knowledge Management Research & Practice, 18(3), 249-262.
Bailey, B. C., & Peck, S. I. (2013). Boardroom strategic decision‐making style: Understanding the antecedents. Corporate Governance: An International Review, 21(2), 131-146. https://doi.org/10.1111/corg.12008
Barata, F., Ricardianto, P., Mulyana, A., Perwitasari, E., Arubusman, D., Purwoko, H & Endri, E. (2022). Berthing time in the port of Tanjung Priok, Jakarta, Indonesia.Uncertain Supply Chain Management, 10(4), 1387-1396. DOI: 10.5267/j.uscm.2022.6.018
Bayo-Moriones, A., Galdon-Sanchez, J. E., & Martinez-de-Morentin, S. (2021). A business strategy, performance appraisal, and organizational results. Personnel Review, 50(2), 515–534.
Bromiley, P., McShane, M., Nair, A., & Rustambekov, E. (2015). Enterprise risk management: Review, critique, and research directions. Long Range Planning, 48(4), 265-276.
Brustbauer, J. (2016). Enterprise risk management in SMEs: Towards a structural model. International Small Business Journal, 34(1), 70-85.
Bugador, R. (2015). The competitive advantages and internationalization of emerging economy business groups. Polish Journal of Management Studies, 12(1), 26–36.
Chan, L. L., Shaffer, M. A., & Snape, E. (2004). In search of sustained competitive advantage: the impact of organizational culture, competitive strategy, and human resource management practices on firm performance. The International Journal of Human Resource Management, 15(1), 17–35.
Chance, D. M., & Brooks, R. (2015). Introduction to derivatives and risk management. Cengage Learning.
Choi, B., & Lee, H. (2002). Knowledge management strategy and its link to the knowledge creation process. Expert Systems with Applications, 23(3), 173-187. https://doi.org/10.1016/S0957-4174(02)00038-6
D'agostini, E., Nam, H.S., & Kang, S.H. (2019). Gaining competitive advantage at sea: an overview of shipping lines' strategic decisions. International Journal of Transportation Engineering and Technology, 5(4), 74-81, DOI: 10.11648/j.ijtet.20190504.12.
Damayanti, A., & Augustine, Y. (2019). The Effect of Management Accounting Systems and Enterprise Risk Management on Organizational Performance with a Competitive Advantage as an Intervening Variable. European Journal of Business and Management, 11(15), 42-53.
Delery, J. E., & Roumpi, D. (2017). Strategic human resource management, human capital, and competitive advantage: is the field going in circles? Human Resource Management Journal, 27(1), 1-21.
Dessler, G. (2010). Fundamentals Of Human Resource Management: Content, Competencies, and Applications. Pearson Education (India).
Endri, E., Ridho, A.M., Marlapa, E., & Susanto, H. (2021). Capital Structure and Profitability: Evidence from Mining Companies in Indonesia. Montenegrin Journal of Economics, 17(4), 135-146. DOI: 10.14254/1800-5845/2021.17-4.12
Endri, E., Sari, A.K., Budiasih, Y., Yuliantini, Y., & Kasmir, K. (2020). Determinants of Profit Growth in Food and Beverage Companies in Indonesia. Journal of Asian Finance, Economics, and Business, 7(12), 739-748. https://doi:10.13106/jafeb.2020.vol7.no12.739
Eve, J., Syavira, A., Ricardianto, P., Nofrisel., & Endri, E. (2022).The Role of Information Technology in Business Agility: Systematic Literature Review. Quality Access to Success, 23(189), 144-149. DOI: 10.47750/QAS/23.189.16
Finster, M. P., & Hernke, M. T. (2014). Benefits organizations pursue when seeking competitive advantage by improving environmental performance. Journal of Industrial Ecology, 18(5), 652-662.
Florio, C., & Leoni., G. (2017). Enterprise risk management and firm performance: The Italian case. The British Accounting Review, 49(1), 56–74.
Forsberg, F., Panici, V., & Jami, H. (2022). Integration of Enterprise Risk Management and Performance Measurement System towards a better strategic decision: A Study of small Swedish manufacturing companies within the tech industry. [Thesis]. Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
Gena, B., Arief, D., Tridoyo, K., & Nimmi, Z. (2020). Competitive advantage improvement strategy of container shipping industry: a case of Indonesia. International Journal of Shipping and Transport Logistics, 12(4), 307-339.
González-Rodrígueza, M. R., Jiménez-Caballeroa, J. L., Martín-Sampera, R. C., Köseoglub, M. A., & Okumusc, F. (2018). Revisiting the link between business strategy and performance: Evidence from hotels. International Journal of Hospitality Management, 72, 21–31.
González, L. O., Santomil, P. D., & Herrera, A. T. (2020). The effect of Enterprise Risk Management on the risk and the performance of Spanish listed companies. European Research on Management and Business Economics, 26(3), 111–120.
Gonzalez Sanchez, M., & Morales de Vega, M. E. (2018). Corporate reputation and firms’ performance: Evidence from Spain. Corporate Social Responsibility and Environmental Management, 25(6), 1231-1245.
Grant, R. M. (2016). Contemporary strategy analysis (9th Editio). USA: John Wiley & Sons Ltd.
Haque, M. G., Munawaroh, M., Sunarsi, D., & Baharuddin, A. (2021). Competitive Advantage in Cost Leadership and Differentiation of SMEs “Bakoel Zee” Marketing Strategy in BSD. PINISI Discretion Review, 4(2), 277-284.
Heizer, J., Render, B., & Munson, C. (2020). Operations Management: Sustainability and Supply Chain Management (12th Eds). Harlow: Pearson Education Limited.
Hoyt, R. E., & Liebenberg, A. P. (2011). The value of enterprise risk management. Journal of Risk and Insurance, 78(4), 795-822.
Huang, J. S., & Dai, J. (2015). Comparing the competitive advantages of leading news sites in mainland China and Taiwan. Chinese Journal of Communication, 8(2), 142-159.
Ireland, R. D., Hoskisson, R. E., & Hitt, M. A. (2017). Strategic management: Competitiveness & globalization: Concept and cases. Boston: Cengage Learning.
Jamaludin, M. (2021). The influence of supply chain management on competitive advantage and company performance. Uncertain Supply Chain Management, 9(3), 696-704.
Keown, A. J., Scott, D. F., Martin, J. D., Martin, J. H., & Petty, J. W. (2020). Financial management: principles and applications. Prentice Hall.
Khan, M. J., Hussain, D., & Mehmood, W. (2016). Why do firms adopt enterprise risk management (ERM)? Empirical evidence from France. Management Decision., 54(8), 1886–1907.
Kommunuri, J., Narayan, A., Wheaton, M., Jandug, L., & Gonuguntla, S. (2016). Firm performance and value effects of enterprise risk management. New Zealand Journal of Applied Business Research, 14(2), 17-28.
Kotler, P., & Armstrong, G. (2018). Principles of Marketing (17th Eds). Pearson Education Limited.
Krause, T. A., & Tse, Y. (2016). Risk management and firm value: recent theory and evidence. International Journal of Accounting and Information Management., 24(1), 56–81.
Kuo, S. Y., Lin, P. C., Lu, C. S., & (2014, A. (2014). Examining the Linkages between Service Capabilities, Dynamic Capabilities, and Competitive Advantage in Container Shipping. International Forum on Shipping, Ports, and Airports (IFSPA) 2014: Sustainable Development in Shipping and Transport LogisticsHong Kong Polytechnic University.
Kwak, D. W., Seo, Y. J., & Mason, R. (2018). Investigating the relationship between supply chain innovation, risk management capabilities, and competitive advantage in global supply chains. International Journal of Operations & Production Management, 38(1), 2-21.
Leonidou, L. C., Fotiadis, T. A., Christodoulides, P., Spyropoulou, S., & Katsikeas, C. S. (2015). Environmentally friendly export business strategy: Its determinants and effects on competitive advantage and performance. International Business Review, 24(5), 798-811.
Lestari, S. D., Leon, F. M., Widyastuti, S., Brabo, N. A., & Putra, A. H. P. K. (2020). Antecedents and consequences of innovation and business strategy on performance and competitive advantage of SMEs. The Journal of Asian Finance, Economics, and Business, 7(6), 365-378.
Majid, S.A, Nugraha, A., Sulistiyono, B.B., Suryaningsih, L., Widodo, S., Kholdun, A.I., Febrian, W.D., Wahdiniawati, S.A., Marlita, D., Wiwaha, A & Endri, E (2022). The effect of safety risk management and airport personnel competency on aviation safety performance. Uncertain Supply Chain Management, 10(4), 1509-1522. DOI: 10.5267/j.uscm.2022.6.004
Meidell, A., & Kaarbøe, K. (2017). How the enterprise risk management function influences decision-making in the organization–A field study of a large, global oil and gas company. The British Accounting Review, 49(1).
Moeller, R. R. (2011). COSO Enterprise Risk Management: Establishing Effective Governance, Risk, and Compliance Processes. New Jersey: John Wiley & Sons, Inc.
Mondy, R. W. (2012). Human resource management (12th eds.). New Jersey, USA: Prentice Hall.
Newstrom, J. W. (2015). Organizational Behavior. Human behavior at work (Thirteenth). New York: Mc.Graw-Hill International Edition.
Nuraini, N., Sarkum, S., & Halim, A. (2021). Analysis of company capability, supply chain management of competitive advantage, and company performance. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 4(1), 87-104.
Parnell, J. A. (2010). Strategic clarity, business strategy, and performance. Journal of Strategy and Management., 3(4), 304–324.
Potjanajaruwit, P. (2018). Competitive advantage effects on firm performance: A case study of startups in Thailand. Journal of International Studies, 10(1), 104–111.
Poulis, E., Poulis, K., & Dooley, L. (2013). Information communication technology innovation in a non-high technology sector: achieving competitive advantage in the shipping industry. The Service Industries Journal, 33(6), 594-608.
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