Risikostyring: En analyse af udviklingen i den finansielle risikostyring

Jesper Præst Olsen

Studenteropgave: Kandidatafhandlinger


The publication “Organized Uncertainty” by Michael Power is concerned about explaining the implementation and development of the idea of risk and risk management. The theoretical foundation of this thesis is based on this publication because the point of departure for this thesis is to explain the development of modern risk management by identifying the original idea behind it and compare it to the idea of modern risk management discourse and point out how material causes this development. After having explained the development and compared the original ideas it felt natural to identify the limitations of the modern risk management ideas. Based on the identified limitations in the modern risk management ideas a number of conditions and focus points which could lead to a more intelligent risk management in the future will be suggested. An empirically study of the annual reports from a number of large corporations has been made in an effort to evaluate the climate of risk management reporting in Denmark. For instance an identification of the risk objects used for reporting purposes and other relevant measuring points have been used estimate the climate of risk management reporting. This thesis concludes that the original purpose of risk management, to create an environment of rational decisions, has transformed into something different than what was originally intended. The transformation process can be explained by dynamic nominalisme and Luhmann’s system theories. The transformation is caused by several institutional pressures among these, a regulatory preference for risk-based regulation, an active consultant industry and of course the many scandals e.g. Enron, which explicitly resulted in the Sarbanes Oxley act that created an industry of an already institutionalized field of internal control.

UddannelserCand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling
Antal sider75