A study on operational risk management for financial institution based on the reconstruction of decision-making structure
Risk management has become increasingly important in financial institutions. Regulatory and market forces are imposing a greater demand for the equilibrium between business outcomes and risk control. With the emergence of time-based competition, time is one of the key elements to design decision-making structure. The effectiveness of horizontal allocation of decision making power was focused, which balances and disperses power throughout the organization and allows a financial institution to have the advantages of both size and smallness. The model presents an analytical framework in which decision-making power should be optimally distributed through the tradeoff among communication cost, agency cost and opportunity cost of time. To illustrate the proposed model, the reconstruction of IBM Credits work process is applied as an interpretive case study.
risk management Time-based competition decision making structure reconstruction
Ke WANG Jian-an CHEN
School of Economics and Management,Wuhan University,Wuhan,P.R.China,430072
国际会议
2008 International Conference on Risk and Relianility Management(2008风险与可靠性管理国际会议)
北京
英文
77-83
2008-11-10（万方平台首次上网日期，不代表论文的发表时间）