How the enterprise risk management function influences decision-making in the organization – A field study of a large, global oil and gas company

2017 ◽  
Vol 49 (1) ◽  
pp. 39-55 ◽  
Author(s):  
Anita Meidell ◽  
Katarina Kaarbøe
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Field Study ◽  
Oil And Gas ◽  
Enterprise Risk Management ◽  
Enterprise Risk ◽  
Management Function

scholarly journals ORGANIZATION OF RISK-MANAGEMENT IN EQUINOR ASA

2021 ◽  
Vol 2 (7(71)) ◽  
pp. 56-60
Author(s):  
O. Degtyareva
Keyword(s):  
Risk Management ◽  
Oil And Gas ◽  
Price Volatility ◽  
Enterprise Risk Management ◽  
High Price ◽  
Special Importance ◽  
Analysis And Evaluation ◽  
Enterprise Risk ◽  
Risk Appetite ◽  
Oil And Gas Companies

The article reveals modern approaches to enterprise risk management based on the introduction of ERM (enterprise risk management) system, aimed at the integration of all types of risks in the company's strategy and the transition from protection from negative situations to the concept of risk appetite. The special importance of risk management for oil and gas companies in the conditions of global instability and high price volatility is emphasized. The author analyzes the experience of the Norwegian oil and gas company Equinor in the development and implementation of ERM, changes in the organization of risk management and methods of analysis and evaluation.

scholarly journals Implementation of Enterprise Risk Management (ERM) Framework in Enhancing Business Performances in Oil and Gas Sector

Economies ◽  
2018 ◽  
Vol 6 (1) ◽  
pp. 4 ◽  
Author(s):  
Sanmugam Annamalah ◽  
Murali Raman ◽  
Govindan Marthandan ◽  
Aravindan Logeswaran
Keyword(s):  
Risk Management ◽  
Oil And Gas ◽  
Enterprise Risk Management ◽  
Enterprise Risk ◽  
Oil And Gas Sector

scholarly journals The Role of Enterprise Risk Management in Sustainable Decision-Making: A Cross-Cultural Comparison

2019 ◽  
Vol 11 (10) ◽  
pp. 2939 ◽  
Author(s):  
Xin Liu
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Regulatory Focus ◽  
Interactive Effect ◽  
Enterprise Risk Management ◽  
Prevention Focus ◽  
Management Philosophy ◽  
Cross Cultural Comparison ◽  
Enterprise Risk

The goal of this paper is to examine how cultural differences moderate the effectiveness of an organization’s enterprise risk management (ERM) program in sustainable decision-making. Using an experimental design, this study found that Chinese participants, characterized by a stronger prevention focus, were more proactive in mitigating environmental, social and governance (ESG)-related risks under a loss-framed risk management philosophy, whereas American participants, characterized by a stronger promotion focus, were more proactive in mitigating ESG-related risks under a gain-framed risk management philosophy. This interactive effect of matching the risk management philosophy frame to the participants’ regulatory focus was mediated by their perceived processing fluency. The implications for the literature and practice are discussed.

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