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Risk Management - Differences in Use Between Public and Private Organizations. Benchmarking Municipalities from an Enterprise Perspective

Warnander, Hanna LU and Dersén, Sofie (2016) BUSN68 20161
Department of Business Administration
Abstract (Swedish)
Purpose: The purpose of the study is to contribute to the knowledge on the use of risk
management and especially ERM in different context. More specifically the aim is to find
what similarities and differences there are in the use of ERM between public and private
sector, as well as to find what variations there are within each sector.
Methodology: The method used during this multiple case study, is an inductive approach
with a qualitative strategy. Documents from two private organizations and two public
organizations have been reviewed, as well as semi-structured interviews conducted with
employees in each organization.
Theoretical perspectives: For the theoretical perspective framework, the legitimacy theory,
stakeholder theory,... (More)
Purpose: The purpose of the study is to contribute to the knowledge on the use of risk
management and especially ERM in different context. More specifically the aim is to find
what similarities and differences there are in the use of ERM between public and private
sector, as well as to find what variations there are within each sector.
Methodology: The method used during this multiple case study, is an inductive approach
with a qualitative strategy. Documents from two private organizations and two public
organizations have been reviewed, as well as semi-structured interviews conducted with
employees in each organization.
Theoretical perspectives: For the theoretical perspective framework, the legitimacy theory,
stakeholder theory, levers of control and management control systems package has been used.
The practical framework mainly consists of internal control and its framework as well as
enterprise risk management and its framework.
Empirical foundation: The empirical foundation consists of documents and interviews. The
results have then been presented in accordance to sector and has further been divided into
themes for an accessible overview.
Conclusions: An indication was found that despite different conditions and stakeholders, all
respondents work with risk management. Further indication show that the definition of ERM
is most likely not crucial. Even though the municipalities have several documents clarifying
the responsibility of internal control but the responsibility might not be as clear in reality. (Less)
Please use this url to cite or link to this publication:
author
Warnander, Hanna LU and Dersén, Sofie
supervisor
organization
course
BUSN68 20161
year
type
H1 - Master's Degree (One Year)
subject
keywords
Risk management, management control, COSO, public organizations, private organizations
language
English
id
8880734
date added to LUP
2016-08-22 14:08:43
date last changed
2016-08-22 14:08:43
@misc{8880734,
  abstract     = {Purpose: The purpose of the study is to contribute to the knowledge on the use of risk
management and especially ERM in different context. More specifically the aim is to find
what similarities and differences there are in the use of ERM between public and private
sector, as well as to find what variations there are within each sector.
Methodology: The method used during this multiple case study, is an inductive approach
with a qualitative strategy. Documents from two private organizations and two public
organizations have been reviewed, as well as semi-structured interviews conducted with
employees in each organization.
Theoretical perspectives: For the theoretical perspective framework, the legitimacy theory,
stakeholder theory, levers of control and management control systems package has been used.
The practical framework mainly consists of internal control and its framework as well as
enterprise risk management and its framework.
Empirical foundation: The empirical foundation consists of documents and interviews. The
results have then been presented in accordance to sector and has further been divided into
themes for an accessible overview.
Conclusions: An indication was found that despite different conditions and stakeholders, all
respondents work with risk management. Further indication show that the definition of ERM
is most likely not crucial. Even though the municipalities have several documents clarifying
the responsibility of internal control but the responsibility might not be as clear in reality.},
  author       = {Warnander, Hanna and Dersén, Sofie},
  keyword      = {Risk management,management control,COSO,public organizations,private organizations},
  language     = {eng},
  note         = {Student Paper},
  title        = {Risk Management - Differences in Use Between Public and Private Organizations. Benchmarking Municipalities from an Enterprise Perspective},
  year         = {2016},
}