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The Internal Control Risk Management System (ICRMS)

In: Vulnerability and the Corporate Immune System

Author

Listed:
  • Alessandro Capocchi

    (University of Milano-Bicocca)

Abstract

In the management of vulnerability and in policies to strengthen the company’s immune system, the risk attitude assumes importance. Risk attitude is the propensity of a company, organization, or socio-economic system to take on risk. The risk attitude translates into the behaviors accepted in the face of risk and decision-making processes. Indeed, the risk attitude dimension does not pertain to the company, organization, or socio-economic system as such but belongs to the individuals who make up the company, organization, and socio-economic system with roles of responsibility and decision-making. Over the years, there have been numerous studies that, from different disciplinary perspectives, have studied the determinants of risk attitude. In this short chapter, we want to highlight the main concepts that have marked the dynamics of the studies conducted at an international level to identify today the relationship between the risk attitude and the dimension of vulnerability. This relationship is essential in constructing the integrated risk management and control system.

Suggested Citation

  • Alessandro Capocchi, 2023. "The Internal Control Risk Management System (ICRMS)," Springer Books, in: Vulnerability and the Corporate Immune System, chapter 0, pages 155-169, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-30254-1_8
    DOI: 10.1007/978-3-031-30254-1_8
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