“…The study the focus of ERM research are on the effect of risk management to firm performance, factors determining the implementation of risk management, the extent of risk management implementation and, the theory and practice of risk management. Through method of visualization Ping Zhuang and Qu (2008) maps core research group of enterprise risk management. Eleven research groups are identified: quality management, risk management practices, financial risk management , insurance company, health risks, electricity price, risk factors, risk reduction, process safety management, market conditions and risk assessment.…”