Operational risk management in managerial accounting: a comprehensive examination of strategies and implementation in medium size organizations

Stavros Kalogiannidis (), Stamatis Kontsas (), Dimitrios Kalfas () and Fotios Chatzitheodoridis
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Stamatis Kontsas: University of Western Macedonia
Dimitrios Kalfas: University of Western Macedonia

Operational Research, 2024, vol. 24, issue 3, No 10, 27 pages

Abstract: Abstract The objective of this study is to analyze the management of operational risks in managerial accounting, specifically focusing on the examination of strategies and their implementation in medium-sized organizations. The research employed a questionnaire as a data collection tool, targeting a sample of 384 participants who were selected from a diverse group of professionals in the business sector of Greece. These participants were specifically chosen from the ownership of medium-sized enterprises in Greece. Based on the research findings, the implementation of an operational risk management and control system has been observed to enhance a company’s performance level and its capacity to generate value. The study suggests abandoning the individual viewpoint of management accounting within the organization and advocating for a comprehensive and integrated perspective. This approach aims to enhance understanding of the significance of management accounting in the management of operational risks within the organization. The study also incorporated supplementary suggestions.

Keywords: Operational risk management; Managerial accounting; Risk monitoring and reporting; Hedging in managerial accounting; Risk assessment in managerial accounting; Medium size organizations (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s12351-024-00854-5

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