Navigating Institutional Complexity: The Production of Risk Culture in the Financial Sector
Navigating Institutional Complexity: The Production of Risk Culture in the Financial Sector
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驾驭机构复杂性：金融领域风险文化的产生
DOI：
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发表时间：
2017
期刊：
影响因子：
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通讯作者：
S. Ashby
中科院分区：
文献类型：
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作者：
T. Palermo;M. Power;S. Ashby
金融危机之后，金融部门组织面临着改革其“风险文化”的更大压力。在本文中，我们认为，监管和管理层对风险文化的关注的出现是压力的症状，重新定义金融机构的基本目标，并重新平衡危机前强调的机会和风险承担的逻辑与预防和风险控制的逻辑。基于对规范性从业者文本的分析，以及与英国金融业监管机构、顾问和企业参与者四年多来的广泛接触，我们展示了这种最初的复杂性是如何转化为不确定性和冲突的，通过这种不确定性和冲突，风险文化可能成为一个适合干预的对象。在此基础上，我们的贡献越来越多的文献“机构的复杂性”，通过展示组织行为者如何解决冲突的压力，目的和手段，并讨论了一些关键的影响，他们的简化策略。我们的分析也有助于最近的研究“手段-目的的重叠”，显示手段，目的和干预本身的对象-风险文化-共同演变，因为它们是由组织行为者通过他们的日常实践重建。
Following the financial crisis, financial sector organizations faced increased pressures to reform their ‘risk cultures’. In this paper, we argue that the emergence of regulatory and managerial attention to risk culture is symptomatic of pressures to redefine the fundamental ends of financial institutions and to rebalance the pre-crisis emphasis on a logic of opportunity and risk-taking with a logic of precaution and risk control. Based on the analysis of normative practitioner texts and on extended contact with regulators, advisers and corporate actors in the UK financial sector over four years, we show how this initial complexity of ends is translated into uncertainty and conflict about the means through which risk culture might become an object amenable to intervention. On this basis, we contribute to the growing literature on ‘institutional complexity’ by showing how organizational actors address conflicting pressures about both ends and means, and by discussing some key implications of their simplification strategies. Our analysis also contributes to recent studies of ‘means-ends decoupling’, showing how means, ends and the object of intervention itself – risk culture – co-evolve as they are reconstructed by organizational actors via their everyday practices.