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The organizational dynamics of Enterprise Risk Management

Author

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  • Arena, Marika
  • Arnaboldi, Michela
  • Azzone, Giovanni

Abstract

This paper explores the organizational dynamics of Enterprise Risk Management (ERM). ERM is the main form taken by firms' increasing efforts to organize uncertainty, which 'exploded' in the 1990s. The ERM approach seeks to link risk management with business strategy and objective-setting, entering the domains of control, accountability and decision making. In this work, the organizational variations of ERM are investigated through a longitudinal multiple case study, using data from three companies collected over a 7-year period (from 2002 to 2008). The findings contribute to our understanding of ERM as a practice, revealing its trajectory within the organizations as it encounters pre-existing logics, and as both are shaped by risk rationalities, experts and technologies.

Suggested Citation

  • Arena, Marika & Arnaboldi, Michela & Azzone, Giovanni, 2010. "The organizational dynamics of Enterprise Risk Management," Accounting, Organizations and Society, Elsevier, vol. 35(7), pages 659-675, October.
  • Handle: RePEc:eee:aosoci:v:35:y:2010:i:7:p:659-675
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    1. repec:eee:ijoais:v:19:y:2015:i:c:p:1-16 is not listed on IDEAS
    2. repec:spr:annopr:v:257:y:2017:i:1:d:10.1007_s10479-017-2582-4 is not listed on IDEAS
    3. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-015-1789-5 is not listed on IDEAS
    4. repec:eee:crpeac:v:46:y:2017:i:c:p:3-23 is not listed on IDEAS
    5. repec:spr:reaccs:v:22:y:2017:i:3:d:10.1007_s11142-017-9403-5 is not listed on IDEAS
    6. repec:eee:aosoci:v:60:y:2017:i:c:p:62-78 is not listed on IDEAS
    7. Li, Yongjian & Zhen, Xueping & Qi, Xiangtong & Cai, Gangshu (George), 2016. "Penalty and financial assistance in a supply chain with supply disruption," Omega, Elsevier, vol. 61(C), pages 167-181.
    8. Nawrocki, Tomasz Leszek & Jonek-Kowalska, Izabela, 2016. "Assessing operational risk in coal mining enterprises – Internal, industrial and international perspectives," Resources Policy, Elsevier, vol. 48(C), pages 50-67.
    9. Elisabetta Mafrolla & Felice Matozza, 2014. "Risk management and firm size: a survey of Italian private companies," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2014(3), pages 87-108.
    10. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-015-2101-4 is not listed on IDEAS
    11. Katarina Haviernikova & Ma³gorzata Okrêglicka & Anna Lemañska-Majdzik, 2016. "Cluster Cooperation And Risk Level In Small And Medium-Sized Enterprises," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(2), pages 82-92, December.

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