When One Size Doesn't Fit All: Evolving Directions in the Research and Practice of Enterprise Risk Management

Détails

ID Serval
serval:BIB_3F61F27911A2
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
When One Size Doesn't Fit All: Evolving Directions in the Research and Practice of Enterprise Risk Management
Périodique
Journal of Applied Corporate Finance
Auteur⸱e⸱s
Mikes  A., Kaplan  R. S.
ISSN
1078-1196
Statut éditorial
Publié
Date de publication
2015
Peer-reviewed
Oui
Volume
27
Numéro
1
Pages
37-40
Langue
anglais
Résumé
Academics are increasingly examining the adoption and impact of ERM, but the studies are inconsistent and inconclusive, due, we believe, to an inadequate specification of how ERM is used in practice. Based on a ten-year field project and over 250 interviews with senior risk officers, we put forward a contingency theory of ERM, identifying potential design parameters that can explain observable variation in the "ERM mix" adopted by organizations. We also add a new contingent variable: the type of risk that a specific ERM practice addresses. We outline a "minimum necessary contingency framework" (Otley 1980) that is sufficiently nuanced, while still empirically observable, that empirical researchers may, in due course, hypothesize about "fit" between contingent variables, such as risk types and the ERM mix, as well as about outcomes such as organizational effectiveness.
Création de la notice
08/05/2015 12:30
Dernière modification de la notice
21/08/2019 5:18
Données d'usage