Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

Bridging the Implementation Gap: A Socio-Technical Framework for Transitioning from Symbolic Organizational Risk Management to Value-Based Risk Management

Document Type : Original Article

Authors
maryam mohajerani 1
vahid mohamadrezakhani zohrodi 2
1 PhD student in Accounting, Faculty of Management and Economics, Tarbiat Modares University, Tehran, Iran.
2 Assistant Professor of Accounting, Faculty of Management and Economics, Tarbiat Modares University, Tehran, Iran.
Abstract
Enterprise Risk Management (ERM) is no longer a discretionary practice; it has become essential for organizational survival in turbulent environments. Nevertheless, many organizations, despite their theoretical acceptance of ERM, encounter significant challenges during implementation and often perceive it merely as a “bookkeeping” or legal compliance activity. This paper adopts a review and content analysis approach based on articles published in reputable journals, and it does not aim to propose a new conceptual framework or prescriptive model. Its primary focus is on integrating empirical findings and prior theoretical concepts to elucidate the theoretical rationale behind the transition from symbolic ERM implementation to value-based, decision-oriented risk management. Accordingly, the paper seeks to analytically highlight the linkage between executive structures, governance factors, and the socio-technical context to explain the gaps reported in existing literature.
Keywords
Enterprise Risk Management
Socio-Technical Framework
Value-Based Risk Management
Strategic Risk
Subjects