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Risk Governance: From Theoretical Framing to Empirical Testing

Special issue call for papers from Management Research Review

Guest Editor:
Martin Hiebl, University of Siegen, Germany

The Management Research Review is pleased to be publishing a special issue on “Risk Governance: From Theoretical Framing to Empirical Testing” in association with the 6th Annual Conference on Risk Governance, held between 4 and 5 October 2018 at the University of Siegen, Germany.

The recent financial crisis has shown that traditional approaches to risk management could not effectively deal with significant risks which threatened the existence of many financial institutions and other businesses. A more holistic and strategic alternative to risk management may be risk governance (Stein and Wiedemann, 2016). Risk governance at the organizational level may close the gap between the “institutionally oriented field of corporate governance and the methodologically oriented area of risk management” (Baule and Fandel, 2016, p. 809). While the origins of risk governance can be found in the socio-political area (e.g., Renn, 2008; van Asselt and Renn, 2011), its economic application to corporations has recently received increased attention by research. However, such research is still in an early stage. In particular, while some important theoretical framing of risk governance has been done (e.g., Cohen, 2015; Stein and Wiedemann, 2016), empirical research on risk governance is scant so far (but see some exceptions such as Lundqvist, 2015). This is why the present special issue of the Management Research Review aims to shed more light on empirically examining risk governance.

The special issue is open to all types of papers in terms of their underlying research methods. Given the focus of the special issue, we particularly welcome empirical papers (quantitative, qualitative, mixed methods). Suitable topics include, but are not limited to the following:
•    emerging issues of risk governance processes
•    organization and institutionalization of risk governance
•    evidence-based modelling and forecasting in risk governance
•    experimental modelling on the modes of action of risk governance
•    empirical studies on the contingencies of risk governance effectiveness
•    simulation of risk governance behavior in corporations
•    the role of risk governance in other corporate processes such as budgeting and planning

The 6th Annual Conference on Risk Governance, held between 4 and 5 October 2018 at the University of Siegen, Germany, offers a venue where research papers intended for submission to the special issue may be discussed with a broader audience and the guest editor of this issue. More information on this conference can be found at: Participation at this conference is not required for submissions to the special issue.

Authors should read the author guidelines located here and submit their papers online to the special issue “Risk Governance: From Theoretical Framing to Empirical Testing” at: Submitted papers should not have been previously published nor be currently under consideration for publication elsewhere. All papers are refereed through a peer review process. The deadline for submissions is: 30 November 2018. The special issue is intended to be published in late 2019.

For any queries, please contact the guest editor, Martin Hiebl, University of Siegen, [email protected]

Baule, R. and Fandel, G. (2016), "Editorial", Journal of Business Economics, Vol. 86 No. 8, pp. 809–811.
Cohen, M.S. (2015), "Governance as the driver of culture change and risk management", Journal of Risk Management in Financial Institutions, Vol. 8 No. 4, pp. 347–357.
Lundqvist, S. A. (2015), “Why firms implement risk governance–Stepping beyond traditional risk management to enterprise risk management”, Journal of Accounting and Public Policy, Vol. 34 No. 5, pp. 441–466.
Renn, O. (2008), Risk governance: Coping with uncertainty in a complex world, London, Sterling, VA: Earthscan.
Stein, V. and Wiedemann, A. (2016), "Risk governance: Conceptualization, tasks, and research agenda", Journal of Business Economics, Vol. 86 No. 8, pp. 813–836.
van Asselt, M.B. and Renn, O. (2011), "Risk governance", Journal of Risk Research, Vol. 14 No. 4, pp. 431–449.