A relational theory of risk

Boholm, Åsa; Corvellec, Hervé

doi:10.1080/13669877.2010.515313

Cited by 201 publications

(253 citation statements)

References 36 publications

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“…Research (Gao et al, 2012) has already shown that SMEs lack appropriate risk management capability; thus the existence of varying genres of risk culture raises considerable concerns. One primary reason is that research (Boholm and Corvellec, 2011) had already shown that risk culture is primarily a social process characterised by relationship networks. For this reason, fostering and maintaining a shared culture of risk is of paramount importance to an SME, particularly at the point of transition from start-up, when perhaps the earlier over-arching influence of the owner-manager has begun to wane and firm-level imperatives in the form of processes and frameworks have become more important.…”

Section: Risk and Risk Culturementioning

confidence: 99%

Developing Risk Management as a Competitive Capability

Silva

Ojiako

2013

Strategic Change

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This study explores how Small and Medium Enterprises (SMEs) develop their risk management capabilities beyond the start-up phase. A case study drawn from a SME based in Sri Lanka formed the basis of the research. The firm referred to in this study as 'Firm A' has been operating in the diversified financial services industry since 1991. The study finds that at an individual level, parameters such as heuristics and firm-risk maturity levels do influence risk perception beyond firm start-up. At the level of the firm, three major parameters are found to influence the ability of SMEs to develop risk management competencies; these are enterprise risk management (ERM), internal control and risk culture.

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Section: Risk and Risk Culturementioning

confidence: 99%

Developing Risk Management as a Competitive Capability

Silva

Ojiako

2013

Strategic Change

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“…The relational theory can be used to answer 'questions about why and how something is considered a risk' (Boholm and Corvellec 2011) and is therefore wellsuited to investigate how nanotechnology was constituted as an object of risk by the governments of India and South Africa.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…For instance, the relational theory of risk defines 'risk' as the result of the process during which an object is qualified as having a potentially negatively influence on something that is valued, i.e. an object at risk (Boholm and Corvellec 2011;Boholm et al 2015), constructivist approaches to risk approach 'risk' as a quality ascribed to an object through a social process (Borraz 2008;Hermans 2014), and social representation approaches to risk emphasize how the understanding of particular phenomena in terms of risk is the outcome of sociocultural, historical, and group-specific forces (e.g. Joffe 2003;Bauer 2002).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…In analyzing the way nanotechnology became a risk, I will draw upon the relational view of risk (Boholm and Corvellec 2011) because this is especially designed to allow the analyst to draw attention to the fact that this 'qualification' rests upon views about what constitutes harm and evidence that may diverge between different actors, times, and places. This approach has subsequently been used to explain the cause and persistence of controversies about whether or not something 'constitutes a hazardous object' by pointing out that actors held different views about what can be considered an object at risk, about the evidence required to establish a credible connection between risk objects and objects at risk, and about the consequences that such a connection should be accompanied with.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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Travelling risks: How did nanotechnology become a risk in India and South Africa?

Beumer

2017

Journal of Risk Research

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India and South Africa have invested in nanotechnology since the early 2000s and have identified risks to human health and the environment as an important issue for governance. This is exemplary for a wider trend in which 'developing countries' play an increasingly prominent role in the development, production and use of emerging technologies. This validates the claim of the world risk society thesis that countries around the world are now confronted with the risks of emerging technologies. Little is known, however, about the way developing countries deal with the potential risks of emerging technologies. Starting from the observation that the risk colonization of nanotechnology in developing countries cannot be taken for granted, this article draws upon the relational theory of risk in order to investigate how nanotechnology became understood as an object of risk in South Africa and India. The article shows that nanotechnology was constituted as an object of risk in rather different ways in India and South Africa, demonstrating that the spread of risk discourses -and the emergence of a world risk society -cannot be understood without attending to the local context. The article shows that way risk is understood and dealt with changes as risk discourses travel around the world, giving many different faces to the world risk society.

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“…We explore how local residents consider the coastal erosion and riverine changes to have affected their lives and their village by drawing on a relational approach to risk (Boholm and Corvellec 2011). Here, risk is conceptualized as a social and cognitive act whereby a potentially harmful phenomenon is connected to something considered to be of value through a causal relationship.…”

Section: Introductionmentioning

confidence: 99%

What we have lost and cannot become: societal outcomes of coastal erosion in southern Belize

Karlsson¹,

Oort²,

Romstad³

2015

E&S

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ABSTRACT. Countries in the Caribbean region, including Belize, are vulnerable to coastal erosion. Experts and scholars have assessed the effects of coastal erosion in the region in physical and economic terms, most often from a sectoral perspective. However, less attention has been directed to the localized and nonquantifiable effects of coastal erosion in the region. We address this research gap by presenting an empirical study of a village in southern Belize that has experienced significant coastal erosion since the mid-1980s. Drawing on interviews, a mapping exercise, and a literature review, we analyze how villagers are experiencing the impacts of coastal change, and what the resulting risks and losses mean for the socioeconomic stability of the village. We identify five categories of local values affected by coastal erosion, ranging from alteration of social activities to the loss of properties. We demonstrate that the totality of impacts bear consequences to the village's continued viability, which adds uncertainty to the lives of local residents.

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A relational theory of risk

Cited by 201 publications

References 36 publications

Developing Risk Management as a Competitive Capability

Developing Risk Management as a Competitive Capability

Travelling risks: How did nanotechnology become a risk in India and South Africa?

What we have lost and cannot become: societal outcomes of coastal erosion in southern Belize

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