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People First: Risk Culture Swings into Action

In: Risk Culture in Banking

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  • Daniele A. Previati

    (University of Rome III)

Abstract

Economists and management researchers often take a reductionist view of risk and culture, and consequently of risk culture. The best contributions on risk culture in financial institutions approach this topic by including many perspectives: in this chapter the core objective is to discuss the main theoretical and empirical findings of different streams of knowledge that are directly or indirectly linked to the role of people in establishing and changing risk culture in financial institutions. Attention is particularly paid to the so called “soft tools” for managing risk culture, within a broader view of organization design, focused on influencing people’s attitudes and behaviour towards risks. Conclusions are devoted to the identification of selected actual and future issues in managing people and risk culture, and of future research streams concerning these issues.

Suggested Citation

  • Daniele A. Previati, 2017. "People First: Risk Culture Swings into Action," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Risk Culture in Banking, chapter 0, pages 125-154, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-57592-6_6
    DOI: 10.1007/978-3-319-57592-6_6
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