• Navigating institutional complexity: The production of risk culture in the financial sector

      Palermo, Tommaso; Power, Michael; Ashby, Simon (Journal of Management Studies, 2017)
      Earlier versions of this paper were presented at the EGOS 2014 Colloquium, at research seminars at Copenhagen Business School and HEC Lausanne, and, under the title ‘Searching for Risk Culture’, as a keynote address at the SAMS/JMS annual conference on Managing Complexity Within and Across Organizational Boundaries at Cambridge University, March 2014. The authors are grateful for the helpful comments of Mats Alvesson, Roger Friedland, Matthew Hall, Silvia Jordan, Steve Maguire and Iain Munro, as well as the editors of the special issue of JMS on Managing Complexity. The authors gratefully acknowledge the financial support of the Economic and Social Research Council (ESRC), the Chartered Insurance Institute (CII), the Chartered Institute of Management Accountants (CIMA) and the Lighthill Risk Network.
    • Risk culture in financial organisations

      Power, Michael; Ashby, Simon; Palermo, Tommaso (2013)
      Interest in the cultures of organisations and their effects on management practices goes back many years and there is an extensive body of scholarship on this topic. Yet this interest has increased dramatically in the period since 2008. The debate is led by the world of practice, particularly in the financial services sector. Furthermore, a new twist in the vocabulary of culture has taken place and companies, advisors and regulators now seem to have a specific focus on something called risk culture.