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Shaping Of Uncertainty In Institutional Systems By Using The Anti-Fragility Concept

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  • Simona BECHERESCU

    (Romanian Academy, Bucharest, ROMANIA.)

Abstract

Institutional systems are characterized by uncertainty and risk at all levels, and any other entity is subordinated to risk and uncertainty at some point. The article proposes a debate on risk and uncertainty, especially in the case of public organizations/institutions, integrating the concept of anti-fragility. It refers to the capacity/potential of the systems (e.g. public organizations/institutions) which, because of their structure, functionality, managerial behavior etc. could benefit from the disruptions to which that particular system is subjected, either from within itself or from the environment it is a part of. The article proposes to achieve two main objectives: clarifying the concept of anti-fragility as a structural and functional property of a system, by applying it to a public institutional system (public institution) and the conceptual building of the resilience of audit and, within its framework, the anti-fragility audit. The scientific solution of these two research aspects could lead to the improvement of the institution of internal audit by enhancing its performance in a direction that would be consistent and convergent with current concerns (theoretical or economical) on the concept of sustainable growth, as well as regarding the economic development - the anti-fragility audit.

Suggested Citation

  • Simona BECHERESCU, 2018. "Shaping Of Uncertainty In Institutional Systems By Using The Anti-Fragility Concept," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 74, pages 68-74, September.
  • Handle: RePEc:pmu:cjurid:v:74:y:2018:p:68-74
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    Keywords

    anti-fragility; public institutional system; internal audit; resilience audit; anti-fragility audit; sustainability;

    JEL classification:

    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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