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Institutional Risk

Merkelsen, Henrik LU (2018)
Abstract
The concept of institutional risk is defined as the risk that the regulator will not meet its organizational and policy objectives. The counterpart of institutional risk is societal risk, that is, the risks in society that regulators are entrusted to manage. In recent decades risk management has for various reasons become an attractive solution for societal regulation on all levels. Despite this successful risk colonization regulators increasingly seek to protect the institutions that manage social risks against criticism from the public. This leads to a spiraling, even pathological, effect whereby risk management expands even further to new societal domains and increasingly centers on the reputational risks of risk management institutions.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
regulation, reputation, risk management
host publication
The International Encyclopedia of Strategic Communication
editor
Heath, Robert L ; Johansen, Winni ; and
publisher
Wiley Online Library
ISBN
9781119010722
language
English
LU publication?
yes
id
cc34c3c2-c7a9-4ed8-8d35-26122d0ef6f7
date added to LUP
2018-12-18 15:48:22
date last changed
2018-12-19 13:25:59
@inbook{cc34c3c2-c7a9-4ed8-8d35-26122d0ef6f7,
  abstract     = {The concept of institutional risk is defined as the risk that the regulator will not meet its organizational and policy objectives. The counterpart of institutional risk is societal risk, that is, the risks in society that regulators are entrusted to manage. In recent decades risk management has for various reasons become an attractive solution for societal regulation on all levels. Despite this successful risk colonization regulators increasingly seek to protect the institutions that manage social risks against criticism from the public. This leads to a spiraling, even pathological, effect whereby risk management expands even further to new societal domains and increasingly centers on the reputational risks of risk management institutions.},
  author       = {Merkelsen, Henrik},
  booktitle    = {The International Encyclopedia of Strategic Communication},
  editor       = {Heath, Robert L and Johansen, Winni},
  isbn         = {9781119010722},
  language     = {eng},
  month        = {08},
  publisher    = {Wiley Online Library},
  title        = {Institutional Risk},
  year         = {2018},
}