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The Correlation Between The Implementation Of Iso 31000:2018 And The Maturity Of Security Risk Management In Companies From The National Critical Infrastructure Sector Of The Republic Of Croatia

Author

Listed:
  • Ivana Pokrajcic

    (Ministry of Defense of the Republic of Croatia, University of Defense and Security Dr. Franjo Tuđman)

  • Tonci Lazibat

    (University of Zagreb, Faculty of Economics and Business)

Abstract

The implementation of the ISO 31000:2018 and its effectiveness in the segment of national critical infrastructure of the Republic of Croatia has not been sufficiently scientifically explored, despite the fact that its application in this specific segment is normatively regulated. This article empirically investigates, using multivariate statistical analysis methods, the intercorrelation between the implementation of the ISO 31000:2018 and the maturity of security risk management in companies within the national critical infrastructure of the Republic of Croatia. The research results show that the level of implementation of the ISO 31000:2018 standard has a significant and positive impact on the maturity of security risk management. The study also examined the differences between medium-sized and large companies in the sub-dimensions of security risk management, and the results indicate that the maturity of security risk management is higher in large companies compared to medium-sized ones within the national critical infrastructure.

Suggested Citation

  • Ivana Pokrajcic & Tonci Lazibat, 2025. "The Correlation Between The Implementation Of Iso 31000:2018 And The Maturity Of Security Risk Management In Companies From The National Critical Infrastructure Sector Of The Republic Of Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 34(2), pages 369-394, november.
  • Handle: RePEc:avo:emipdu:v:34:y:2025:i:2:p:369-394
    DOI: 10.17818/EMIP/2025/26
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    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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