The effect of organizational studies on financial risk measures estimation
Purpose – The objective of this research is to establish a link between risk models and the paradigms of organizational studies. Design/methodology/approach – To achieve this goal, a discussion about risk in organizations was presented, based on organizational studies. Additionally, an illustrat...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Fundação Escola de Comércio Álvares Penteado
2019-11-01
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| Series: | Revista Brasileira de Gestão De Negócios |
| Subjects: | |
| Online Access: | https://rbgn.fecap.br/RBGN/article/view/3953/pdf |
| _version_ | 1819102477690077184 |
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| author | Marcelo Brutti Righi Fernanda Maria Müller Vinícius Girardi da Silveira Kelmara Mendes Vieira |
| author_facet | Marcelo Brutti Righi Fernanda Maria Müller Vinícius Girardi da Silveira Kelmara Mendes Vieira |
| author_sort | Marcelo Brutti Righi |
| collection | DOAJ |
| description | Purpose – The objective of this research is to establish a link between
risk models and the paradigms of organizational studies.
Design/methodology/approach – To achieve this goal, a discussion
about risk in organizations was presented, based on organizational
studies. Additionally, an illustration was provided to evaluate how
organizational paradigms influence risk models.
Findings – There are three main organizational perspectives: Modernist,
Postmodernist, and Neo-modernist. Based on the empirical analysis,
it was observed that the use of unrealistic assumptions (Modernist
perspective) in risk management increases model risk, and is thus
not suitable for risk model estimation. However, the absolute lack of
measurement of the Postmodernist paradigm can be too radical in the
sense that, in the practical field, there is a crucial need for quantitative
information to enable financial institutions and investors to protect
their investments. Thus, it was found that the solution is the Neomodernist
paradigm, which employs more realistic assumptions about
data behavior.
Originality/value – The main contribution of this research is to raise
the influence of other attributes of financial risk estimation that go
beyond mathematical and statistical grounds. Previous studies do not
relate the traditional literature on financial risk management estimation
with literature focused on the sociological issues of organizational
studies. Hence, this study can help build a bridge for future integration
between these two related research subjects |
| first_indexed | 2024-12-22T01:35:11Z |
| format | Article |
| id | doaj.art-925ab9f286694bfa987ddddda90f56d5 |
| institution | Directory Open Access Journal |
| issn | 1806-4892 1983-0807 |
| language | English |
| last_indexed | 2024-12-22T01:35:11Z |
| publishDate | 2019-11-01 |
| publisher | Fundação Escola de Comércio Álvares Penteado |
| record_format | Article |
| series | Revista Brasileira de Gestão De Negócios |
| spelling | doaj.art-925ab9f286694bfa987ddddda90f56d52022-12-21T18:43:24ZengFundação Escola de Comércio Álvares PenteadoRevista Brasileira de Gestão De Negócios1806-48921983-08072019-11-01211103117doi.org/10.7819/rbgn.v0i0.3953The effect of organizational studies on financial risk measures estimationMarcelo Brutti Righi0Fernanda Maria Müller1Vinícius Girardi da Silveira2Kelmara Mendes Vieira3Federal University of Rio Grande do Sul, School of Administration, Porto Alegre, BrazilFederal University of Rio Grande do Sul, School of Administration, Porto Alegre, BrazilAgência da Previdência Social, Uruguaina, BrazilFederal University of Santa Maria, Department of Administration, Santa Maria, BrazilPurpose – The objective of this research is to establish a link between risk models and the paradigms of organizational studies. Design/methodology/approach – To achieve this goal, a discussion about risk in organizations was presented, based on organizational studies. Additionally, an illustration was provided to evaluate how organizational paradigms influence risk models. Findings – There are three main organizational perspectives: Modernist, Postmodernist, and Neo-modernist. Based on the empirical analysis, it was observed that the use of unrealistic assumptions (Modernist perspective) in risk management increases model risk, and is thus not suitable for risk model estimation. However, the absolute lack of measurement of the Postmodernist paradigm can be too radical in the sense that, in the practical field, there is a crucial need for quantitative information to enable financial institutions and investors to protect their investments. Thus, it was found that the solution is the Neomodernist paradigm, which employs more realistic assumptions about data behavior. Originality/value – The main contribution of this research is to raise the influence of other attributes of financial risk estimation that go beyond mathematical and statistical grounds. Previous studies do not relate the traditional literature on financial risk management estimation with literature focused on the sociological issues of organizational studies. Hence, this study can help build a bridge for future integration between these two related research subjectshttps://rbgn.fecap.br/RBGN/article/view/3953/pdfOrganizational Studies; Risk Models; Risk Management; Model Risk |
| spellingShingle | Marcelo Brutti Righi Fernanda Maria Müller Vinícius Girardi da Silveira Kelmara Mendes Vieira The effect of organizational studies on financial risk measures estimation Revista Brasileira de Gestão De Negócios Organizational Studies; Risk Models; Risk Management; Model Risk |
| title | The effect of organizational studies on financial risk measures estimation |
| title_full | The effect of organizational studies on financial risk measures estimation |
| title_fullStr | The effect of organizational studies on financial risk measures estimation |
| title_full_unstemmed | The effect of organizational studies on financial risk measures estimation |
| title_short | The effect of organizational studies on financial risk measures estimation |
| title_sort | effect of organizational studies on financial risk measures estimation |
| topic | Organizational Studies; Risk Models; Risk Management; Model Risk |
| url | https://rbgn.fecap.br/RBGN/article/view/3953/pdf |
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