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The role of valuation practices for risk identification

Author

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  • Boholm, Åsa

    (Gothenburg Research Institute)

  • Corvellec, Hervé

    (Gothenburg Research Institute)

Abstract

This report uses a relational theory of risk within which risk is understood as a relationship between a risk object and an object at risk where the risk object threatens the value embedded in the object at risk. A case study of risk management in railway planning examined through a relational understanding of risk demonstrates how riskwork is conditioned by what is valued, how, and by whom. The report argues that riskwork originates in the versatile valuation practices that take place in organizations. Furthermore, it suggests that bringing such valuation practices under critical scrutiny opens up the possibility for a reflexive approach to risk management. Such a reflexive approach would take into account how risk identification is embedded in a particular organizational order.

Suggested Citation

  • Boholm, Åsa & Corvellec, Hervé, 2015. "The role of valuation practices for risk identification," GRI-rapport 2015:4, University of Gothenburg, Gothenburg Research Institute GRI.
  • Handle: RePEc:hhb:gungri:2015_004
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    File URL: http://hdl.handle.net/2077/39159
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    Cited by:

    1. Plante, Maude & Free, Clinton & Andon, Paul, 2021. "Making artworks valuable: Categorisation and modes of valuation work," Accounting, Organizations and Society, Elsevier, vol. 91(C).
    2. Jérémy Eydieux & Stéphanie Tillement & Benoît Journé, 2017. "A pragmatist approach of audit practices : safety demonstration and safety assessment through technical dialogue," Post-Print hal-01558978, HAL.

    More about this item

    Keywords

    Relationship of risk; Valuation; Risk management; Practice; Railway planning;
    All these keywords.

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