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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF ACCOUNTING AND FINANCE

Managing Risk by Shifting It to Consumers: Responsible Business Behavior?

Author(s): Diane B. MacDonald

Citation: Diane B. MacDonald, (2013) "Managing Risk by Shifting It to Consumers: Responsible Business Behavior?," Journal of Accounting and Finance, Vol. 13, Iss. 1, pp. 45 - 57

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Recent crises spotlight the need for enterprise risk management. Often managers employ techniques that

mitigate risk for the enterprise but increase risk for consumer customers, shifting risk to a party who does

not understand the risk and lacks means to hedge it. Risk mitigation that shifts enterprise risk to

consumers weakens the customer’s financial condition. When an enterprise shifts the risk consequences

of bad business behavior, there is little incentive to change that behavior. Better risk management is

achieved by aligning risk techniques with customer interests. ISO 31000 and the GRI Sustainability

Reporting Guidelines suggest ways to achieve this alignment.