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The Theory and Research Directions of Enterprise Risk Management

  • Crisisonomy
  • Abbr : KRCEM
  • 2013, 9(7), pp.1~16
  • Publisher : Crisis and Emergency Management: Theory and Praxis
  • Research Area : Social Science > Public Policy > Public Policy in general

Kim Eun-sung 1

1경희대학교

Accredited

ABSTRACT

No adequate analysis of enterprise risk management(ERM) has been done in Korea in spite of recent growing attention of private and public enterprises. This article explores theory and research directions of ERM. It first compares bureaucracy and network governance with ERM built on new public management theory in terms of power, organizational capacity vs risk size, style and stage of risk management, trust, and science. Second, this article explores the recent trends of ERM studies such as assemblages of ERM theories and techniques in practice, audit culture, and failure of organizational risk management. Finally, stressing the importance of an inductive and descriptive approach to ERM, this article suggests future ERM studies on the performativity of ERM theories, micro-social and macro-social causes of ERM successes or failures, and the relationship between uncertainty and key risk indicators.

Citation status

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