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Risk Management: The Unifying Framework for Business Scholarship and Pedagogy

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  • James R. Garven

Abstract

In this article, I provide a brief critical assessment of the intellectual history of risk management and insurance (RMI) as an academic discipline. Although the level of rigor and overall quality of RMI scholarship and pedagogy continue to improve, RMI remains too narrowly focused upon risk management issues specifically affecting insurance markets and institutions. Since risk management is of fundamental importance to virtually all areas of business scholarship and pedagogy, we must seek ways to more broadly apply risk management concepts.

Suggested Citation

  • James R. Garven, 2007. "Risk Management: The Unifying Framework for Business Scholarship and Pedagogy," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 10(1), pages 1-12, March.
    • Handle: RePEc:bla:rmgtin:v:10:y:2007:i:1:p:1-12
    DOI: j.1540-6296.2007.00102.x
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    File URL: https://doi.org/10.1111/j.1540-6296.2007.00102.x
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    References listed on IDEAS

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    7. Smith, Clifford W. & Stulz, René M., 1985. "The Determinants of Firms' Hedging Policies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 20(4), pages 391-405, December.
    8. Mark S. Dorfman & William L. Ferguson & Tamela D. Ferguson, 2006. "Curriculum Design in Risk Management and Insurance Education," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 29(2), pages 158-178.
    9. Mark S. Dorfman & Steven C. Tippins, 2006. "An Examination of Alternative Approaches to Risk Management and Insurance Research," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 9(1), pages 63-74, March.
    10. Mayers, David & Smith, Clifford W, Jr, 1982. "On the Corporate Demand for Insurance," The Journal of Business, University of Chicago Press, vol. 55(2), pages 281-296, April.
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    Cited by:

    1. Madhu Acharyya & Chris Brady, 2014. "Designing an Enterprise Risk Management Curriculum for Business Studies: Insights From a Pilot Program," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 113-136, March.
    2. Hassen Raîs, 2016. "Empirical determinants of business insurances in Non-financial Firms: Are they different from derivatives' determinants?," Post-Print hal-01766113, HAL.

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