IDEAS home Printed from https://ideas.repec.org/a/bla/rmgtin/v20y2017i1p99-131.html
   My bibliography  Save this article

Introducing Enterprise Risk Management Into the University Classroom: A Case Study

Author

Listed:
  • Aaron Bruhn
  • Bronwen Whiting
  • Bridget Browne
  • Timothy Higgins
  • Chong It Tan

Abstract

This article reports on the challenges faced when enterprise risk management courses (commonly studied by practitioners after several years of actuarial practice) were introduced into a postgraduate coursework degree, and taught concurrently with Actuarial Control Cycle (Part II) units. A small sample of students were interviewed, and the information gleaned from these interviews combined with the reflections provided by teaching staff is used to argue that although not problem‐free, the overall gain to students makes the project worthwhile. Assessment structure and use of class time in particular are examined as key features of the class, and potential improvements are suggested.

Suggested Citation

  • Aaron Bruhn & Bronwen Whiting & Bridget Browne & Timothy Higgins & Chong It Tan, 2017. "Introducing Enterprise Risk Management Into the University Classroom: A Case Study," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 20(1), pages 99-131, March.
  • Handle: RePEc:bla:rmgtin:v:20:y:2017:i:1:p:99-131
    DOI: 10.1111/rmir.12071
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/rmir.12071
    Download Restriction: no

    File URL: https://libkey.io/10.1111/rmir.12071?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Madhu Acharyya & Chris Brady, 2014. "Designing an Enterprise Risk Management Curriculum for Business Studies: Insights From a Pilot Program," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 113-136, March.
    2. Angela Zeier Roeschmann, 2014. "Risk Culture: What It Is and How It Affects an Insurer's Risk Management," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(2), pages 277-296, September.
    3. F. Douglas Foster & Geoffrey J. Warren, 2016. "Interviews with Institutional Investors: The How and Why of Active Investing," Journal of Behavioral Finance, Taylor & Francis Journals, vol. 17(1), pages 60-84, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rangi, Pradeep Kumar & Aithal, Sreeramana, 2020. "Academic Institutions Risk Decisions using Six Thinking Hats based Analysis," MPRA Paper 105348, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrew F. Whitman, 2015. "Is ERM Legally Required? Yes for Financial and Governmental Institutions, No for Private Enterprises," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 18(2), pages 161-197, September.
    2. Ghafoori, Eraj & Mata, Fernanda & Lauren, Nita & Faulkner, Nick & Tear, Morgan J., 2023. "Measuring risk culture in finance: Development of a comprehensive measure," Journal of Banking & Finance, Elsevier, vol. 148(C).
    3. Hamdan Abdul Hafidh Al-Farsi, 2020. "The Influence of Chief Risk Officer on the Effectiveness of Enterprise Risk Management: Evidence from Oman," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 87-95.
    4. Bernhard Streicher & Moritz Bielefeld & Eric Eller, 2023. "The Risk Culture Framework: Introducing an Integrative Framework for Holistic Risk Analysis," SAGE Open, , vol. 13(3), pages 21582440231, August.
    5. Simone Krummaker, 2019. "Firm's demand for insurance: An explorative approach," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(3), pages 279-301, September.
    6. Asif Iqbal Siddiqui & Dora Marinova, 2016. "Funding Liquidity Risk, Syndication Behavior And The Risk Culture Of The Australian Venture Capital Industry," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(05), pages 1279-1297, December.
    7. Jiajie Du & Aaron Bruhn & Bronwen Whiting, 2020. "Observations of supervisors and an actuarial research student on the qualitative research process," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(3), pages 2339-2360, September.
    8. Posch, Arthur, 2020. "Integrating risk into control system design: The complementarity between risk-focused results controls and risk-focused information sharing," Accounting, Organizations and Society, Elsevier, vol. 86(C).
    9. Christian Walter, 2020. "Sustainable Financial Risk Modelling Fitting the SDGs: Some Reflections," Sustainability, MDPI, vol. 12(18), pages 1-28, September.
    10. Constanta POPESCU & Diana - Nicoleta GEORGESCU & Gheorghita DUMITRACHE (TORCICA), 2022. "Management And Anticipation Of Risk - A Necessity For Leaders," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(1), pages 38-44.
    11. Rafał Wolski & Monika Bolek & Jerzy Gajdka & Janusz Brzeszczyński & Ali M. Kutan, 2023. "Do investment fund managers behave rationally in the light of central bank communication? Survey evidence from Poland," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 15(5), pages 757-794, February.
    12. Mahmaod Alrawad & Abdalwali Lutfi & Sundus Alyatama & Ibrahim A. Elshaer & Mohammed Amin Almaiah, 2022. "Perception of Occupational and Environmental Risks and Hazards among Mineworkers: A Psychometric Paradigm Approach," IJERPH, MDPI, vol. 19(6), pages 1-12, March.
    13. Les Coleman, 2023. "Explaining mutual fund behavior through the structure‐conduct‐performance lens," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 2874-2884, July.
    14. Braumann, Evelyn C. & Grabner, Isabella & Posch, Arthur, 2020. "Tone from the top in risk management: A complementarity perspective on how control systems influence risk awareness," Accounting, Organizations and Society, Elsevier, vol. 84(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:rmgtin:v:20:y:2017:i:1:p:99-131. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1098-1616 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.