Institutional Risk

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionaryResearch

Abstract

The concept of institutional risk is defined as the risk that the regulator will not meet its organizational and policy objectives. The counterpart of institutional risk is societal risk, that is, the risks in society that regulators are entrusted to manage. In recent decades risk management has for various reasons become an attractive solution for societal regulation on all levels. Despite this successful risk colonization regulators increasingly seek to protect the institutions that manage social risks against criticism from the public. This leads to a spiraling, even pathological, effect whereby risk management expands even further to new societal domains and increasingly centers on the reputational risks of risk management institutions.
Original languageEnglish
Title of host publicationThe International Encyclopedia of Strategic Communication
EditorsRobert L Heath, Winni Johansen
PublisherJohn Wiley & Sons Inc.
ISBN (Print)9781119010722
Publication statusPublished - 2018 Aug 22

Subject classification (UKÄ)

  • Media and Communications

Keywords

  • regulation
  • reputation
  • risk management

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