As the complexity and uncertainty of international construction projects increase, the importance of risk management capabilities in the construction industry has become more pronounced. Accordingly, Enterprise Risk Management (ERM) has become a widely adopted approach among organizations as a new way for more effective risk management. Despite its growing application, research related to ERM is still in its infancy, and most of the existing studies have been limited to financial industries. Therefore, this study aims to empirically examine the influence of ERM’s core elements on project risk management (PRM) and project performance within construction firms. Our findings indicate that the key ERM components—organization, policy, and culture—significantly enhance PRM processes, underscoring their critical role and importance. Additionally, effective PRM positively affects project outcomes, highlighting its significance for construction companies engaged in international projects. While ERM does not directly impact project performance, it indirectly improves outcomes through enhanced PRM capabilities. It suggests that ERM will contribute to the firm’s performance by improving the firm’s PRM capability through policies and a risk-focused culture corresponding to the adopted ERM organization and system..

1. 서 론
2. 이론적 고찰
    2.1 ERM의 정의
    2.2 ERM의 핵심 요소
    2.3 ERM과 성과
    2.4 PRM과 성과
    2.5 ERM과 PRM
3. 연구 방법
    3.1 연구모형
    3.2 연구가설
    3.3 연구변수의 설정
4. 연구결과
    4.1 표본의 인구학적 특성
    4.2 측정도구의 검증
    4.3 연구가설의 검정
5. 결론
Acknowledgement
References

• Sullim Jung(Graduate School of Business, Hanyang University) | 정설림 (한양대학교 대학원 경영학과)
• Seung-Chul Kim(School of Business, Hanyang University) | 김승철 (한양대학교 경영대학)
• Dae-Cheol Kim(School of Business, Hanyang University) | 김대철 (한양대학교 경영대학) Corresponding author