The organizational dynamics of Enterprise Risk Management

Arena, Marika; Arnaboldi, Michela; Azzone, Giovanni

doi:10.1016/j.aos.2010.07.003

Cited by 348 publications

(316 citation statements)

References 45 publications

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“…Crouhy et al, 2000;Langfield-Smith, 2008;Stulz, 1996), little attention has been paid to the actual management of risk and the effects of risk management in organizations. Indeed, with a few exceptions (Arena, Arnaboldi, & Azzone, 2010;Bhimani, 2009;Collier and Berry (2002) ;Mikes, 2009Mikes, , 2011Power et al, 2009;Scheytt, Soin, Sahlin-Andersson, & Power, 2006;Wahlström, 2009 andWoods (2009), we have relatively little understanding about the (complex) interrelation between risk, risk management and management accounting and control practices. Furthermore, the discourse of risk and the way it is managed is not always a feature of the wider management control framework in organizations.…”

mentioning

confidence: 99%

Risk and risk management in management accounting and control

Soin

Collier

2013

Management Accounting Research

140

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Abstract:Recent world events, most notably the global financial crisis, have refocused and intensified interest on risk and the nature of systems that operate to manage risk. One area that has received relatively little attention is the interrelation between risk, risk management and management accounting and control practices. This editorial provides an introduction to the special issue of the journal on "Risk and Risk Management in Management Accounting and Control". It argues that risk and the way it is managed has become a feature of organizational life in both the public and private sectors. By changing organizational practices risk management can facilitate and legitimise certain ways of organizing. It has the potential to change lines of responsibility and accountability in organizations, representing a particular way of governing individuals and activities. The argument is further made that risk management has moved away from being an issue of narrow concern to finance (value at risk, derivatives, etc.) or accountants (financial statement disclosure, etc.) to an issue about management control and therefore a key area in which management accountants need to engage. This editorial also highlights the potential side-effects of risk management, including issues around trust and accountability, but also the focus on secondary or defensive risk management and the rise of reputation risk.

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mentioning

confidence: 99%

Risk and risk management in management accounting and control

Soin

Collier

2013

Management Accounting Research

140

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“…Należy jednak zauważyć wzrost znaczenia ryzyka i niepewności w ostatnich latach wynikający ze zmienności i rosnącej złożoności współczesnego otoczenia gospodarczego. Stąd zarządzanie ryzykiem określane jest współcześnie jako czynnik krytyczny sukcesu przedsiębiorstwa [2]. Na potrzeby niniejszego artykułu wyodrębniono dwa obszary ryzyka gospodarczego: ryzyko techniczno-informacyjne oraz ryzyko produkcyjne, w ramach których wyodrębniono po sześć podobszarów.…”

Section: Wprowadzenieunclassified

Level of technical-information and production risks in the context of the strategy of small and medium-sized enterprises in Poland

Okręglicka

2017

SPSUTOM

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Streszczenie. Zarządzanie ryzykiem powinno stanowić kluczowy element zarządzania strategicznego każdej organizacji, bez względu na jej wielkość. Zwiększa ono prawdopodobieństwo sukcesu organizacji i osiągnięcia wyznaczonych celów. Celem artykułu było określenie poziomu ryzyka techniczno-informacyjnego oraz produkcyjnego na podstawie opinii przedsiębiorców oraz zidentyfikowanie zależności pomiędzy odczuwaniem siły oddziaływania poszczególnych ryzyk a stopniem powiązania zarządzania ryzykiem ze strategią przedsiębiorstw. Artykuł opiera się o badania własne przeprowadzone na grupie 150 MSP w Polsce w 2016 r.Słowa kluczowe: zarządzanie ryzykiem, ERM, małe i średnie przedsiębiorstwa, ryzyko produkcyjne, ryzyko techniczno-informacyjne. LEVEL OF TECHNICAL-INFORMATION AND PRODUCTION RISKS IN THE CONTEXT OF THE STRATEGY OF SMALL AND MEDIUM-SIZED ENTERPRISES IN POLANDAbstract. Risk management should be a key element of the strategic management of any organization, regardless of its size. It increases the probability of success of the organization and achieving the objectives. The aim of the article was to determine the level of technical information and production risk based on the opinions of entrepreneurs, and to identify the relationship between the perception of the impact of individual risks and the degree of linking risk management with the enterprise strategy. Article is based on own research, conducted among 150 SMEs in Poland in 2016.

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“…These developments in the business environment dynamism and legal requirements have spurred the growth of different risk management frameworks including ERM (Arena, Arnaboldi, and Azzone, 2010). Today ERM is regarded increasingly as signaling sound corporate governance, so firms can put themselves at risk by disregarding it (Martin and Power, 2007).…”

Section: A Current Stance On the Enterprise Risk Management Literaturementioning

confidence: 99%

Strategic Risk Management

Lam¹

2017

Implementing Enterprise Risk Management

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The organizational dynamics of Enterprise Risk Management

Cited by 348 publications

References 45 publications

Risk and risk management in management accounting and control

Risk and risk management in management accounting and control

Level of technical-information and production risks in the context of the strategy of small and medium-sized enterprises in Poland

Strategic Risk Management

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