Organizational Risk Management

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Business and Entrepreneurship".

Deadline for manuscript submissions: 30 June 2024 | Viewed by 3307

Special Issue Editor


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Guest Editor
Finance Department, The Quinlan School of Business, Loyola University Chicago, 16 E. Pearson, Chicago, IL 60611, USA
Interests: financial restructuring; risk management; valuation; cost of capital; adaptability

Special Issue Information

Dear Colleagues,

Recent economic and geopolitical crises have clearly demonstrated that establishing an effective risk management program will play an important role in strengthening organizational resilience and achieving, at the same time, strategic objectives. While corporate risk management has been debated and examined in the academic and professional literature, the multi-disciplinary nature of risk management decisions, the integrated effects of structure, culture, governance, and control, among others, has received much less attention. More importantly, it is unclear how such qualitative characteristics interact with more conventional firm-specific financial and market variables in achieving risk diversification, information signaling, the exploitation of natural hedges, and enhancing the board’s governing efficiency.

This Special Issue, titled “Organizational Risk Management”, invites contributions from researchers and professionals from the diverse fields in economics, finance, accounting, and strategy focused on managing organizational risks in areas such as operations, financial and markets, regulatory, legal, strategic, geopolitics, information security, among others.

Prof. Dr. Abol Jalilvand
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • valuation implication of enterprise risk management
  • regulation and corporate risk management
  • corporate risk management and key performance indicators
  • corporate risk management and default risk
  • case studies in corporate risk management
  • contingency theory and enterprise risk management
  • review of corporate risk management research
  • risk appetite
  • strategic risk management
  • climate risk management
  • industry specific risk management
  • geopolitical risk management
  • human resources risk management
  • cyber security risk management

Published Papers (1 paper)

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Research

17 pages, 2272 KiB  
Article
Triangulating Risk Profile and Risk Assessment: A Case Study of Implementing Enterprise Risk Management System
by Abol Jalilvand and Sidharth Moorthy
J. Risk Financial Manag. 2023, 16(11), 473; https://doi.org/10.3390/jrfm16110473 - 03 Nov 2023
Viewed by 2952
Abstract
Establishing an enterprise risk management (ERM) system is widely viewed as providing firms with the tools and processes needed to build resilience and expertise, enabling them to manage the consequences of crises that have led to the collapse of major firms across different [...] Read more.
Establishing an enterprise risk management (ERM) system is widely viewed as providing firms with the tools and processes needed to build resilience and expertise, enabling them to manage the consequences of crises that have led to the collapse of major firms across different industries globally. Intended for use in advanced accounting, auditing, and finance courses, this case study (of a true event) describes the development and implementation of an ERM system for a U.S. multinational nonprofit firm during the 2015–2021 period. The case study’s main learning objectives are several-fold. First, couched within the recent economic environment, it informs students on some of the more important academic and applied research on corporate risk management. Second, students will learn to analyze the content of a questionnaire designed to capture the integrated effects of the firm’s risk culture, risk structure, risk governance, and control for establishing its risk profile. Third, they will learn to create and apply multi-dimensional risk indices to measure and prioritize the firm’s risk exposures. Finally, the last learning outcome focuses on strategies to triangulate the firm’s overall risk profile and risk prioritization results to construct mitigation strategies that build resilience and create value through risk diversification, information signaling, the exploitation of natural hedges, and enhancing the board’s governing efficiency. The nonprofit nature of the firm in this case study introduces no methodological or conceptual constraints or limitations in applying the proposed risk management methodologies to for-profit or publicly traded firms. Full article
(This article belongs to the Special Issue Organizational Risk Management)
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