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Institutional Risk Management: Roles of Consistency and Accountability

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  • Miori Nagashima

    (Hokkaido University, Sapporo, Japan)

Abstract

In late modern times, understanding “institutional risk perception†has become increasingly important (Freudenburg and Pastor 1992), and studies have been conducted to examine how various institutions amplify and attenuate risks (Rothstein 2003; Tezuka 2006). This paper focuses on a sexual harassment accusation raised by a female journalist against a top governmental bureaucrat in Japan in 2018. Rather than focusing on individuals, the analysis centers on how the institutions involved, TV Asahi and the Ministry of Finance (MOF, hereinafter), managed this crisis. The paper analyzes the sequence of various measures taken by these organizations, distinguishing inward- and outward-looking risks (Crandall, Parnell, and Spillan 2010). It argues that the attenuation measures the MOF adopted to alleged scandals increased public perception of risk and enhanced its crisis since its crisis management lacked consistency, changing schemes several times depending on criticisms they get. On the other hand, TV Asahi needed to face more inward-looking risk, verifying the adequacy of the organization’s response previously taken to the journalist when she consulted about the harassment incidents with her superior. Both institutions exhibited a lack of consistency and accountability, which are two important values for effective institutional risk management.

Suggested Citation

  • Miori Nagashima, 2024. "Institutional Risk Management: Roles of Consistency and Accountability," RAIS Conference Proceedings 2022-2024 0469, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:raiswp:0469
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    References listed on IDEAS

    as
    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. William J. Burns & Paul Slovic & Roger E. Kasperson & Jeanne X. Kasperson & Ortwin Renn & Srinivas Emani, 1993. "Incorporating Structural Models into Research on the Social Amplification of Risk: Implications for Theory Construction and Decision Making," Risk Analysis, John Wiley & Sons, vol. 13(6), pages 611-623, December.
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    More about this item

    Keywords

    sexual harassment; institutional attenuation; crisis management; inward-looking risk; outward-looking risk;
    All these keywords.

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