IDEAS home Printed from https://ideas.repec.org/h/pkk/sfyr14/237-248.html
   My bibliography  Save this book chapter

Development of a Risk Culture Intensity Index to Evaluate the Financial Market in Germany

In: Proceedings of FIKUSZ '14

Author

Listed:
  • Christin Richter

    (University of Latvia)

Abstract

Banks have been seriously impacted by the financial crisis. The financial crisis causes an immense discussion about the soundness of the risk culture of the financial institutions. Corresponding to the results of diverse research studies, senior risk management observed a weak risk culture in the financial market as a trigger of the crisis. In accordance with the prevailing literature, I designed a risk culture model, which is used as the foundation for the autonomous development of a risk culture intensity index (R.C.I.I.). In the next step, I applied this index for the analysis of the risk culture of the 30 top financial institutions in Germany in a timeframe of four years from 2008 to 2011. The evaluation is based on a content analysis of the published financial statements of the organizations. The study examines whether a change in the risk culture can be considered or not. The result of the analysis is that there is a clear trend towards a more risk-aware and adequate risk culture in the financial market in Germany.

Suggested Citation

  • Christin Richter, 2014. "Development of a Risk Culture Intensity Index to Evaluate the Financial Market in Germany," Proceedings of FIKUSZ '14, in: Pál Michelberger (ed.),Proceedings of FIKUSZ '14, pages 237-248, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:sfyr14:237-248
    as

    Download full text from publisher

    File URL: http://kgk.uni-obuda.hu/sites/default/files/19-Christin-Richter.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ashby, Simon & Palermo, Tommaso & Power, Michael, 2012. "Risk culture in financial organisations: an interim report," LSE Research Online Documents on Economics 47488, London School of Economics and Political Science, LSE Library.
    2. repec:eme:jfrcpp:v:18:y:2010:i:4:p:316-332 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Reza Yazdanparast & Reza Tavakkoli-Moghaddam & Razieh Heidari & Leyla Aliabadi, 2021. "A hybrid Z-number data envelopment analysis and neural network for assessment of supply chain resilience: a case study," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 29(2), pages 611-631, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Meghan Leaver & Tom W. Reader, 2016. "Non-technical skills for managing risk and performance in financial trading," Journal of Risk Research, Taylor & Francis Journals, vol. 19(6), pages 687-721, June.
    2. LametK.Maika & Kevin Wachira, 2020. "Effects of organizational culture on strategy implementation in water boards in Kenya," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(4), pages 15-28, July.
    3. Andrea Caragliu & Chiara F. Del Bo & Karima Kourtit & Peter Nijkamp, 2016. "The winner takes it all: forward-looking cities and urban innovation," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 56(3), pages 617-645, May.
    4. Cormac Bryce & Thorsten Chmura & Rob Webb & Joel Stiebale & Carly Cheevers, 2019. "Internally Reporting Risk in Financial Services: An Empirical Analysis," Journal of Business Ethics, Springer, vol. 156(2), pages 493-512, May.
    5. Baldan, Cinzia & Geretto, Enrico & Zen, Francesco, 2014. "Managing Banking Risk with the Risk Appetite Framework: a Quantitative Model for the Italian Banking System," MPRA Paper 59504, University Library of Munich, Germany.
    6. Peter McCormack & Jonathan Deacon, 2017. "Can trust be restored to high-street banking: A 20-year challenge?," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1366284-136, January.
    7. Jennifer Kunz & Mathias Heitz, 2021. "Banks’ risk culture and management control systems: A systematic literature review," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 32(4), pages 439-493, December.
    8. Patrick John Ring & Cormac Bryce & Ricky McKinney & Rob Webb, 2016. "Taking notice of risk culture -- the regulator’s approach," Journal of Risk Research, Taylor & Francis Journals, vol. 19(3), pages 364-387, March.
    9. Leaver, Meghan & Reader, Tom W., 2017. "Safety culture in financial trading: an analysis of trading misconduct investigations," LSE Research Online Documents on Economics 69210, London School of Economics and Political Science, LSE Library.
    10. Mouna Hazgui & Marion Brivot, 2022. "Debating Ethics or Risks? An Exploratory Study of Audit Partners’ Peer Consultations About Ethics," Journal of Business Ethics, Springer, vol. 175(4), pages 741-758, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pkk:sfyr14:237-248. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexandra Vécsey (email available below). General contact details of provider: https://edirc.repec.org/data/gkbmfhu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.