Role of artificial intelligence and enterprise risk management to promote corporate entrepreneurship and business performance: evidence from korean banking sector

Abstract

Korean banking industry has achieved significant growth in financial market, however, these banks are lacking with entrepreneurship activities due to low information system risk management. Objective of this study is to examine the effect of artificial intelligence, information system risk management and corporate entrepreneurship on business performance of Korean banks. The current study introduced artificial intelligence as one of the elements to boost risk management activities, corporate entrepreneurship and business performance. This objective was achieved through a research survey among Korean banks. Questionnaires were distributed among the employees of banks by using simple random sampling. Partial Least Square (PLS)-Structural Equation Modeling (SEM) was used for data analysis. Results of the study revealed that artificial intelligence has key role to influence information system risk management. It has positive role to enhance information system risk management practices. Information system risk management practices has vital importance to promote corporate entrepreneurship which increases the business performance of banks. This study is important for Korean banks to make various strategies for risk management, corporate entrepreneurship and business performance.