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Adoption of comprehensive risk management in local government

Bibliographic Data

ID6301643
AuthorsLasse Oulasvirta (0000-0003-4195-1331, University of Tampere, corresponding author), Ari-Veikko Anttiroiko, Ari‐veikko Anttiroiko (0000-0003-0286-7495, University of Tampere)
Year2017
Volume43
Issue3
Pages451-474
Publication date2017-05-04
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueLocal Government Studies (JOURNAL)
Journal identifiersISSN: 0300-3930 • E-ISSN: 1743-9388
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/03003930.2017.1294071
OpenAlexW2593338630
LanguageEN
Citations received8
References cited46

In the aftermath of large company failures in the early 2000s, there emerged a new wave of efforts to enhance risk management (RM) and control in enterprises. The normative RM model has been promoted widely to all organisations, including public sector organisations. Using survey data, this article describes and explains the diffusion and adoption of RM innovation in local government in Finland. Our survey results support the argument that if comprehensive RM is not obligatory, it is not widely used in local government. Our analysis reveals that financial constraints explain to some extent the existence of comprehensive RM in municipalities, while structural factors such as the size of municipalities do not, even though RM is slightly more advanced in larger rather than smaller local governments. Slow adoption indicates that comprehensive RM as a managerial innovation lacks immediate benefit when assessed against the efforts and costs of its introduction and maintenance

Argument (complex analysis · Business · Economics · Economy · Government (linguistics · Local government · Normative · Political science · Public economics · Public management · Public sector · Risk management · Information Technology Governance and Strategy · Public Administration · Public Policy and Administration Research · Risk Management in Financial Firms · Accounting · Finance

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Unique citing works8
Citations per year1
Citation span2018 - 2025 (8)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 8

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