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The enactment of risk categories: organizing and re-organizing risk management practices in the energy industry

Scott, Susan V. and Perry, Nicholas (2009) The enactment of risk categories: organizing and re-organizing risk management practices in the energy industry. Information Systems Frontiers, Online . ISSN 1387-3326

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Abstract

This research explores the role of information systems in risk management during a twenty year period when new governance arrangements led to enterprise-wide change in the UK energy markets. We present a longitudinal case study documenting the role of “A-Trade” transaction and risk management software in the adaptation of energy organizations to competitive demands associated with a simultaneous process of privatization and liberalization. During the design, development and implementation of A-Trade, multiple forms of expertise were brought together in what we describe as organizational encounters with risk. The story of “A-Trade” highlights the shift from a traditional engineer-led culture of risk cognition to market-oriented financial risk management. Our findings are that, firstly, that energy transaction and risk management software development provided an important learning ground during periods of paradigmatic change. Secondly, we provide insights into the enactment of risk categories and the challenges associated with establishing an information infrastructure to support risk management.

Item Type: Article
Official URL: http://www.springer.com/business+%26+management/bu...
Additional Information: © 2009 Springer
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
H Social Sciences > HG Finance
Q Science > QA Mathematics > QA76 Computer software
T Technology > T Technology (General)
Journal of Economic Literature Classification System: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O32 - Management of Technological Innovation and R&D
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes
Sets: Research centres and groups > Information Systems and Innovation Group
Departments > Management
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Research centres and groups > Centre for Analysis of Risk and Regulation (CARR)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 18 May 2010 13:33
URL: http://eprints.lse.ac.uk/27981/

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