Publication | Closed Access
Risk Regulation Under Pressure
106
Citations
11
References
2001
Year
Greater OpennessOrganizationsFinancial Risk ManagementRisk AnalysisUnited KingdomOrganization ScienceOrganizational BehaviorOrganizational PolicyRisk ManagementManagementInsurancePublic PolicyChange ManagementRiskExternal PressureOrganizational TransformationRisk GovernanceFinanceRisk RegulationOrganizational CommunicationBusinessOrganization TheoryRisk Analysis (Business)Regulation
This article explores a style-phase model of staged organizational responses to external pressure for change against two competing hypotheses, focusing on demands for greater openness and transparency. A study of six risk regulation regimes in the United Kingdom revealed that only half were exposed to substantial pressures of this type. Responses of organizations in the “high-pressure” regimes were varied, but the overall pattern was consistent with a mixture of an autopoietic and staged-response hypothesis stressing blame prevention, and the article accordingly presents a hybrid “Catherine Wheel” model of the observed pattern. The article concludes by discussing the implications for policy outcomes.
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