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Risk Management: Its Adoption in Australian Public Universities within an Environment of Change Management – A Management Perspective
Author(s) -
Christopher Joe,
Sarens Gerrit
Publication year - 2015
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/auar.12057
Subject(s) - corporate governance , business , perspective (graphical) , sample (material) , accounting , risk management , public relations , key (lock) , control (management) , process (computing) , public management , political science , management , economics , finance , artificial intelligence , computer science , biology , ecology , chemistry , chromatography , operating system
This study draws on the multi‐theoretical approach to governance and a qualitative methodology to examine the extent to which key players in Australian public universities have developed and implemented risk management within an environment of change management. The findings demonstrate that wider influences – largely the result of conflicting management cultures – have had differing impacts on the values of key players and the consequent adoption of the process. Key players’ values range from congruent with a corporate culture (at the strategic level) to incongruent with a corporate culture (at the operational level), and result in different outcomes. These different outcomes suggest that the adoption of risk management by Australian public universities under the influence of new public management is problematic. The study provides opportunities for further research to confirm these findings with a broader sample of actors and the adoption of other governance control processes.