MAPPING THE INTELLECTUAL STRUCTURE OF RISK MANAGEMENT AND FIRM VALUE RESEARCH: A SYSTEMATIC LITERATURE REVIEW AND BIBLIOMETRIC SYNTHESIS

This study aims to map the intellectual structure and development of global research on the relationship between risk management and firm value through a Systematic Literature Review approach combined with bibliometric analysis. The study analyzed 25 high-quality journal articles selected from 809 Scopus-indexed publications using PRISMA guidelines and VOSviewer visualization techniques. The results show that firm value is a central axis of academic discourse, with enterprise risk management (ERM) evolving from a risk control function to a strategic value-creating capability. Bibliometric findings reveal a shift in research focus from corporate governance, CSR, and ESG approaches to digital transformation, artificial intelligence, and strategic risk management. The literature synthesis also confirms that ERM enhances firm value through financial performance, ESG performance, organizational resilience, and competitive advantage. This study contributes to the financial management literature by clarifying the strategic role of risk management in firm value creation