Effectiveness of Enterprise Risk Management: Determinants and Opportunities for Improvement

by Izabela Jonek-Kowalska

Overview

Effective risk management is a crucial part of the success of any organization. In scholarly research, numerous publications have been written on the design of complex enterprise risk management systems, however very little consideration has been given to the effectiveness of implemented management solutions. This book seeks to fill this important gap.

Based on a study featuring a representative group of 722 companies, the author presents the various determinants of risk management effectiveness, including behavioural determinants (such as attitude to risk) as well as internal and external determinants (such as human and financial resources and the environment in which the organization operates). Along with a theoretical and practical overview of the various considerations from an international perspective, the reader will gain an insight into the implications for practice. Ultimately, this book formulates conclusions and recommendations for the improvement of tools and systems of enterprise risk management.

Product Details

ISBN-13:	9783030953782
Publisher:	Springer International Publishing
Publication date:	02/28/2022
Edition description:	1st ed. 2022
Pages:	132
Product dimensions:	5.83(w) x 8.27(h) x (d)

About the Author

Izabela Jonek-Kowalska is a researcher at Silesian University of Technology, with twenty years of experience in the field of social sciences, primarily in the field of economics, finance and management. She is the author of over 320 scientific publications, including several dozen international ones. For several years, her research interests have focused on risk and risk management. She also cooperates with companies developing practical industry analysis and expertise. She is currently a member of the supervisory board of Europe's largest producer of coking coal for the metallurgical industry.

Table of Contents

1. Determinants of Risk Management Effectiveness: Previous Research and Conclusions.- 2. Behavioral Determinants of Risk Management Effectiveness.- 3. Endogenous Determinants of Risk Management Effectiveness.- 4. Exogenous Determinants of Risk Management Effectiveness.- 5. Assessment Model of the Effectiveness of Enterprise Risk Management: A Research Methodology.- 6. Determinants of Risk Management Effectiveness: Preliminary Analysis of Research Results from Polish Enterprises.- 7. Practical Dimension of Risk Management Effectiveness: Results of Research in Polish Enterprises.- 8. How to Improve Risk Management Effectiveness?: Conclusions and Recommendations.