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Operational risk management in managerial accounting: a comprehensive examination of strategies and implementation in medium size organizations

Author

Listed:
  • Stavros Kalogiannidis

    (University of Western Macedonia)

  • Stamatis Kontsas

    (University of Western Macedonia)

  • Dimitrios Kalfas

    (University of Western Macedonia)

  • Fotios Chatzitheodoridis

    (University of Western Macedonia)

Abstract

The objective of this study is to analyze the management of operational risks in managerial accounting, specifically focusing on the examination of strategies and their implementation in medium-sized organizations. The research employed a questionnaire as a data collection tool, targeting a sample of 384 participants who were selected from a diverse group of professionals in the business sector of Greece. These participants were specifically chosen from the ownership of medium-sized enterprises in Greece. Based on the research findings, the implementation of an operational risk management and control system has been observed to enhance a company’s performance level and its capacity to generate value. The study suggests abandoning the individual viewpoint of management accounting within the organization and advocating for a comprehensive and integrated perspective. This approach aims to enhance understanding of the significance of management accounting in the management of operational risks within the organization. The study also incorporated supplementary suggestions.

Suggested Citation

  • Stavros Kalogiannidis & Stamatis Kontsas & Dimitrios Kalfas & Fotios Chatzitheodoridis, 2024. "Operational risk management in managerial accounting: a comprehensive examination of strategies and implementation in medium size organizations," Operational Research, Springer, vol. 24(3), pages 1-27, September.
    • Handle: RePEc:spr:operea:v:24:y:2024:i:3:d:10.1007_s12351-024-00854-5
    DOI: 10.1007/s12351-024-00854-5
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