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Enterprise risk management maturity analysis: a multiple case study with large companies in Brazil

Grant number: 19/15700-4
Support type:Scholarships in Brazil - Doctorate
Effective date (Start): December 01, 2019
Effective date (End): April 30, 2022
Field of knowledge:Applied Social Sciences - Administration
Principal Investigator:Fábio Lotti Oliva
Grantee:Jefferson Luiz Bution
Home Institution: Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil

Abstract

The purpose of this study is to identify the practices of risk management in large firms and disclose the relevant accomplishments to raise the level of risk management by operationalizing the Maturity Model for Enterprise Risk Management (Model) proposed by Oliva (2015). Differently from the scant earlier models, this one considers the business environment and uses a relational approach by assimilating concepts from the New Institutional Economics and the Value Chain into the Enterprise Risk Management. Maturity models are frequently used in business process management and, albeit most of them play a descriptive role, few reach a prescriptive standard with applicable improvements on capabilities. Considering these circumstances, this study will employ a qualitative approach to examine five large corporations to push the level of analysis towards specific cases, enhancing the utility, applicability, and the whole Model. Data will be collected by interviews with the executives who are involved with the business, value, and firm environments in each case, in addition to suitable secondary data. The semi-structured interview guide, as well as the collected data triangulation, will be validated by a group of specialists composed by academic and corporate professionals. With the results we intend to draw an operation for the Model, thus contribute to create a tool to upgrade the risk management of corporations installed in Brazil. The consequent social impact is a superior management of the risks which the society is exposed by virtue of the increased knowledge, assessment, and treatment of possible negative impacts of business activities, including the avoidance of opportunistic behaviors.