Enterprise Risk Management Across Europe

Abstract

This chapter discusses the state of development of enterprise risk management (ERM) in Europe and draws attention to the commonalities and differences in ERM use across European countries. The analysis carried out considers relevant aspects, such as the state of development of risk management across countries, the institutional context and the cultural features surrounding risk management development, which are examined from a comparative stance. This analysis allowed us to identify five clusters of countries, by tapping into the whole European picture concerning risk management and highlighting that ERM development advances in the European area at different speeds, and that more effort should be put into aligning and making coherent ERM thinking and ERM use. In so doing, the analysis unveils the drivers that can boost the appropriate implementation of ERM, the dissemination of best practices (or better, best logics) and the early detection of those conditions contributing to resistance and ineffectiveness.

Citation

Maffei, M. and Spanò, R. (2021), "Enterprise Risk Management Across Europe", Maffei, M. (Ed.) Enterprise Risk Management in Europe, Emerald Publishing Limited, Leeds, pp. 279-303. https://doi.org/10.1108/978-1-83867-245-420211016