Document Type

Article

Publication Date

2015

DOI

10.1016/j.lrp.2014.07.005

Publication Title

Long Range Planning

Volume

48

Issue

4

Pages

265-276

Abstract

Many regulators, rating agencies, executives and academics have advocated a new approach to risk management: Enterprise Risk Management (ERM). ERM proposes the integrated management of all the risks an organization faces, which inherently requires alignment of risk management with corporate governance and strategy. Academic research on ERM is still in its infancy, with articles largely in accounting and finance journals but rarely in management journals. We argue that ERM offers an important new research domain for management scholars. A critical review of ERM research allows us to identify limitations and gaps that management scholars are best equipped to address. This paper not only identifies how management scholars can contribute to ERM research, but also points out why ERM research (and practice) needs management research for its development. (C) Elsevier Ltd. All rights reserved.

Comments

Web of Science: "Free full-text from publisher -- Green open access."

Original Publication Citation

Bromiley, P., McShane, M., Nair, A., & Rustambekov, E. (2015). Enterprise risk management: Review, critique, and research directions. Long Range Planning, 48(4), 265-276. doi:10.1016/j.lrp.2014.07.005

COinS