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Framing risk governance

Author

Listed:
  • Volker Stein
  • Arnd Wiedemann
  • Christiane Bouten

Abstract

Purpose - The purpose of this paper is to apply the concept of framing in the field of risk governance and risk management research. Design/methodology/approach - A five-constituent approach to framing – cognitive, strategic, action, emotional and institutional framing – is applied to contrastively analyze the multifaceted character of the two concepts of risk governance and risk management. Findings - This paper analyzes the multifaceted utilization of risk governance framing and the conscious demarcation between risk governance and risk management. Risk governance framing strengthens the proactive control of strategic risks with regard to business model adaptation to changing risk landscapes. The verbal imagery of risk governance already sets the agenda for the sustainability-oriented as well as value-oriented steering of the risks of a business model. Following the analysis of the different framing areas, propositions are presented. Originality/value - Although framing is applied in various academic disciplines, there is limited research relating to corporate risks. While risk governance provides companies with a concept to ensure the sustainability of their business models in the complex risk landscape, the related framing brings the appropriate interpretation and the deliberate tone into focus.

Suggested Citation

  • Volker Stein & Arnd Wiedemann & Christiane Bouten, 2019. "Framing risk governance," Management Research Review, Emerald Group Publishing Limited, vol. 42(11), pages 1224-1242, October.
    • Handle: RePEc:eme:mrrpps:mrr-01-2019-0042
    DOI: 10.1108/MRR-01-2019-0042
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    Citations

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    Cited by:

    1. Werner Gleißner & Thomas Günther & Christian Walkshäusl, 2022. "Financial sustainability: measurement and empirical evidence," Journal of Business Economics, Springer, vol. 92(3), pages 467-516, April.
    2. Mojca Marc & Marika Arena & Darja Peljhan, 2023. "The role of interactive style of use in improving risk management effectiveness," Risk Management, Palgrave Macmillan, vol. 25(2), pages 1-21, June.

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