Effectiveness of Enterprise Risk Management: Determinants and Opportunities for Improvement

ISBN-13: 9783030953782 / Angielski / Miękka / 2023 / 132 str.

Izabela Jonek-Kowalska

Opis

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.  

Spis treści

​1. Determinants of risk management effectiveness - previous research and conclusions.
1.1. Fundamentals of risk management in an enterprise
1.2. Efficiency and effectiveness of enterprise risk management
1.3. Systematization of determinants of effectiveness and efficiency of enterprise risk management

2.  Behavioral determinants of risk management effectiveness.
2.1. Risk perception: opportunity or threat?
2.2. Propensity to take risks
2.3. Attitudes towards risk

3. Endogenous determinants of risk management effectiveness.
3.1. Risk management process and methodology
3.2. Resources involved in risk management

4. Exogenous determinants of risk management effectiveness.
4.1. The proximal environment as a source of risk in enterprise operations
4.2. The distal environment as a source of risk in enterprise operations

5. Assessment model of the effectiveness of enterprise risk management – a research methodology.
5.1. Intentions, stages and research model
5.2. Operationalisation of the research model in the form of a questionnaire
5.3. Selection and characteristics of the research sample

6. Determinants of risk management effectiveness – preliminary analysis of research results from Polish enterprises.
6.1. Behavioural and methodical determinants of the effectiveness of risk management
6.2. Resource and environmental determinants of the effectiveness of risk management

7. Practical dimension of risk management effectiveness - results of research in Polish enterprises.-
7.1. Methodological assumptions
7.2. Assessment of the determinants of risk management effectiveness

8. How to improve risk management effectiveness? – Conclusions and recommendations.
8.1. Conclusions from research on risk management effectiveness
8.2. Recommendations for improving risk management effectiveness

O autorze

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.

Blurb

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. 

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.