Operational Risk Management: Organizational Controls and Incentive System Design

by Jasmijn Bol PhD, Jenna M. Blanche

Overview

To remain viable, let alone competitive, organizations must manage risks. In this book, we explore the concept of operational risk as well as the mechanisms used to diminish the impact and occurrence of risks: the organizational control system. Since the scope and scale of operational risks are unique to each organization, our objective is to explain the theory behind why and how managers respond to the unique combination of threats that challenge their organization. We emphasize employee management and the complexities surrounding the design of management controls, incentive systems in particular, because risks related to employee actions are faced by virtually every organization. Overall, we provide empirically grounded insights into the process of diagnosing operational risks as well as designing, implementing and maintaining a control system that properly manages those risks.

Product Details

ISBN-13:	9781637420133
Publisher:	Business Expert Press
Publication date:	05/15/2021
Sold by:	Barnes & Noble
Format:	eBook
Pages:	172
Sales rank:	340,609
File size:	3 MB

About the Author

Jasmijn Bol, PhD, is the Frances Martin Chair in Business and PricewaterhouseCoopers Professor at Tulane University in New Orleans, Louisiana. She has authored numerous articles that have appeared in prestigious scholarly journals, and her research has significantly impacted the global accounting and business communities. Professor Bol has presented her research at more than 50 national and international academic institutions and conferences, serving both as keynote speaker and panelist. She has received many awards for her research, including the Notable Contribution to Management Accounting Literature Award and Best Early-Career Researcher in Management Accounting from the American Accounting Association.
Jenna M. Blanche is an aspiring academic researcher from New Orleans, Louisiana. She is currently pursuing her PhD in accounting at the University of Amsterdam, with expectation to graduate in 2025. She received her master’s degree in accounting from Tulane University in 2019. In due course, she aims to conduct and publish empirical examinations of the ways and means by which organizations capture and internalize information, including their social and environmental impact.