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Risk and performance management: are they easy partners?

Author

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  • Marika Arena
  • Michela Arnaboldi

Abstract

Purpose - – This paper aims to provide a critical assessment of existing links between risk management systems (RMS) and performance management systems (PMS) through a general review of the literature. Design/methodology/approach - – The research approach consists of a literature review, aimed at highlighting the “points of contact” between RMS and PMS along three main dimensions: scope of the system, measurement and ownership. Findings - – Key papers and books published in the field are examined. Based on this review, an assessment of similarities and potential synergies between RMS and PMS is offered. In addition, possible avenues for future research are discussed. Practical implications - – The paper provides managers with useful insights on pros and cons of integrating RMS and PMS. It highlights possible instruments and organizational arrangements that could be exploited by practitioners to connect the two systems and discusses the implications of different possible configurations. Originality/value - – Whilst the professional literature is loaded with illustrations of RMS and PMS as “integrated” solutions, this issue has been only partially addressed by the academic literature that generally focuses on one of the two systems. Hence, the study overall contributes to enrich the knowledge of the relationship between performance and risk management by mapping how and where the two systems are linked.

Suggested Citation

  • Marika Arena & Michela Arnaboldi, 2014. "Risk and performance management: are they easy partners?," Management Research Review, Emerald Group Publishing Limited, vol. 37(2), pages 152-166, January.
  • Handle: RePEc:eme:mrrpps:v:37:y:2014:i:2:p:152-166
    DOI: 10.1108/MRR-08-2012-0180
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    Citations

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    Cited by:

    1. Domenica Lavorato & Rita Lamboglia & Daniela Mancini, 2021. "La relazione tra rischio reputazionale e controllo-guida: possibili linee di ricerca," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(suppl. 2), pages 39-64.
    2. Fatima Bennouna & Driss Amegouz & Aicha Sekhari, 2021. "Investigating the Impact of QSE Integration on Process Performances: An Empirical Study in Moroccan Companies," Post-Print hal-04170942, HAL.
    3. Mojca Marc & Marika Arena & Darja Peljhan, 2023. "The role of interactive style of use in improving risk management effectiveness," Risk Management, Palgrave Macmillan, vol. 25(2), pages 1-21, June.
    4. Cristiana Cattaneo & Gaia Bassani, 2019. "Enterprise Risk Management e Managemen Accounting Systems in una Banca di Credito Cooperativo," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1 suppl.), pages 13-33.
    5. Alessandra Allini & Raffaela Casciello & Marco Maffei & Martina Prisco, 2022. "The national culture as a determinant of ERM quality: Empirical evidence in the European banking context," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2022(1), pages 79-102.
    6. Rita Lamboglia & Francesco Paolone & Daniela Mancini, 2019. "Determinants of the implementation of environmental risk indicators: Empirical evidence from the Italian manufacturing context," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 307-316, March.
    7. Aldo Pavan, 2019. "Controllo interno e di gestione nella prospettiva del valore," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1 suppl.), pages 5-12.

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