Accountability and expertise in public sector risk management: a case study

Tommaso Palermo

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper examines the adoption of a formal risk management framework in a large public sector organisation. The paper shows the relevance of risk management as an accountability tool, extended by means of disclosure to the scrutiny of distant others. The paper also reveals how the use of risk management is dependent on relational skills, knowledge of business activities and professional experience. Risk management can be seen as both a context-dependent device and as a technique abstracted from a context. The paper discusses how risk officers deal with this complexity, addressing the expectations of multiple organisational actors and external entities.

Keywords: risk management; accountability; expertise; public sector (search for similar items in EconPapers)
JEL-codes: F3 G3 (search for similar items in EconPapers)
Date: 2014-08
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Citations: View citations in EconPapers (4)

Published in Financial Accountability and Management, August, 2014, 30(3), pp. 322-341. ISSN: 0267-4424

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