The effects of perceived business uncertainty, external consultants and risk management on organisational outcomes

Subramaniam, Nava, Collier, Paul, Phang, Michelle and Burke, Gary 2011, The effects of perceived business uncertainty, external consultants and risk management on organisational outcomes, Journal of accounting & organizational change, vol. 7, no. 2, pp. 132-157.

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Title The effects of perceived business uncertainty, external consultants and risk management on organisational outcomes
Author(s) Subramaniam, Nava
Collier, Paul
Phang, Michelle
Burke, Gary
Journal name Journal of accounting & organizational change
Volume number 7
Issue number 2
Start page 132
End page 157
Total pages 26
Publisher Emerald Group Publishing Ltd.
Place of publication Bingley, England
Publication date 2011
ISSN 1832-5912
Keyword(s) Perception
Uncertainty management
Consultants
Risk management
Summary Purpose – The purpose of this paper is to investigate the relations between perceived business uncertainty (PBU), use of external risk management (RM) consultants, formalisation of RM, magnitude of RM methods and perceived organisational outcomes.
Design/methodology/approach – This paper is based on a questionnaire survey of members of the Chartered Institute of Management Accountants in the UK. Using AMOS 17.0, the paper tests the strength of the direct and indirect effects among the variables and explores the fit of the overall path model.
Findings – The results indicate significant and positive associations exist between the extent of PBU and the level ofRMformalisation, as well as between the level ofRMformalisation and the magnitude of RMmethods adopted. The use of externalRMconsultants is also found to have a significant and positive impact on the magnitude of RM methods adopted. Finally, both the extent of RM formalisation and the magnitude of RM methods adopted are seen to be significantly associated with overall improvement in organisational outcomes.
Research limitations/implications – The study uses perceptual measures of the level of business uncertainty, usage of RM and organisational outcomes. Further, the respondents are members of a management accounting professional body and the views of other managers, such as risk managers, who are also important to the governance process are not incorporated.
Originality/value – This study provides empirical evidence on the impact ofRMdesign and usage on improvements in organisational outcomes. It contributes to the RM literature where empirical research is needed in order to be comparable with the traditional management control system literature.
Language eng
Field of Research 150105 Management Accounting
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2011, Emerald Group Publishing Limited
Persistent URL http://hdl.handle.net/10536/DRO/DU:30036704

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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