The temporal perspective of risk in management: A theoretical framework.
Keywords:risk, macro, micro, uncertainty, time
The temporal perspective of risk in management lacks analysis when considering its evolution and implications for business and firm’s performance. Earlier literature discussed aspects of risk in management limited to a cross-sectional temporal perspective. We collected papers and data available in databases, such as EBSCO, Scopus, Web-of-Science and conducted a systematic-temporal analysis. We combined both empirical and conceptual papers in our theoretical review to elaborate the conceptual framework. The authors contribute to the literature by (i) defining and classifying risk in management, (ii) analyzing the concept of managing risk from a temporal perspective, (iii) explaining the actors that use risk, such as society (macro level), market (second macro level) and firm (economic, technical, price, product, etc.), (v) presenting main scales used for measuring risk and uncertainty and (vi) discussing risk based on per se and based on perception. We conclude the paper with managerial implications and limitations.
I grant the journal BASE the first publication of my article, licensed under Creative Commons Attribution license (which allows sharing of work, recognition of authorship and initial publication in this journal).
I confirm that my article is not being submitted to another publication and has not been published in its entirely on another journal. I take full responsibility for its originality and I will also claim responsibility for charges from claims by third parties concerning the authorship of the article.
I also agree that the manuscript will be submitted according to the journal’s publication rules described above.