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Nature, extent and antecedents of risk management in accounting, law and biotechnology firms in Australia

Ekanayake, Samson and Subramaniam, Nava 2012, Nature, extent and antecedents of risk management in accounting, law and biotechnology firms in Australia, Accounting, accountability and performance, vol. 17, no. 1 and 2, pp. 23-48.

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Title Nature, extent and antecedents of risk management in accounting, law and biotechnology firms in Australia
Author(s) Ekanayake, Samson
Subramaniam, Nava
Journal name Accounting, accountability and performance
Volume number 17
Issue number 1 and 2
Start page 23
End page 48
Total pages 26
Publisher Griffith University : Department of Accounting, Finance and Economics
Place of publication Nathan, Qld.
Publication date 2012-01
ISSN 1445-954X
Keyword(s) Enterprise risk management
governance
professional service firms
accounting firms
SMF's
Summary This paper provides empirical evidence on the nature and the extent of risks faced by small and medium-sized biotechnology and professional service firms (accounting and law) in Australia, as well as on the style of their adopted risk management methods and approaches. The findings of the study indicate that the top three risks faced by these firms are related to reputation, recruiting and retaining skilled staff, and cost management. The study also finds that more than half of the respondent firms manage risk in an integrated manner. The results of this study provide useful insights into the nature, extent and driving forces of risk management practices in these firms.
Language eng
Field of Research 150199 Accounting, Auditing and Accountability not elsewhere classified
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2012, Griffith University : Department of Accounting, Finance and Economics
Persistent URL http://hdl.handle.net/10536/DRO/DU:30049045

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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Created: Fri, 26 Oct 2012, 10:39:51 EST by Aysun Alpyurek

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