The empirical impacts of risk management on the enhancement of control mechanisms in organizational studies
Abstract
The paper examines the empirical effects of managerial risk on the optimization of control mechanisms. The results obtained emphasize the positive influence of managerial risk on the optimization of control mechanisms in industrial and commercial state companies. The results highlight, among other things, the presence of a favorable condition to the efficiency of risk taking, showing that the boards’ follow-up significantly increases the influence of managerial risk on the efficiency of the control mechanisms.