Accounting for values at risk: risk management and moral imagination

Anette Mikes and Ken Okamura

Chapter 5 in Handbook of Accounting in Society, 2024, pp 58-76 from Edward Elgar Publishing

Abstract: Calls for companies to account for their risks have intensified over the last three decades. The recent rise of the “risk appetite” concept promises to explicate the value commitments of organizations, making decision-makers accountable for the trade-offs they make among multiple values. In this chapter we look at the rise of this new “accounting for values at risk” - exemplified by the risk-appetite concept - and consider the plausibility of turning risk appetite into a managerial object, capable of triggering an organization’s moral imagination.

Keywords: Business and Management; Economics and Finance; Environment; Sociology and Social Policy; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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