Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10489283 | Accounting Forum | 2015 | 17 Pages |
Abstract
This paper aims to study changes in capital allocation routines following the introduction of a new risk management system, enterprise risk management (ERM). Based on an institutional framework and empirical evidence from multiple sources in a large UK insurance company, we evaluated the extent and nature of organisational change. ERM was seen as an external driver to the change in the existing routines, which in turn led to internal changes in new capital allocation routines. The change was extreme, which signifies that existing capital allocation routines were not strong enough to deal with ERM as a key driver of change.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Mirna Jabbour, Magdy Abdel-Kader,