The Effects of Formal and Informal Controls on Organizational and Market Risk
A conference sponsored by the Center for the Economic Analysis of Risk (CEAR) and the School of Accountancy at Georgia State University
As the financial crisis of 2007-2008 and the Great Recession have demonstrated, risk-taking by managers can have drastic consequences not only for their own firms but also for markets and economies. The purpose of this conference is to bring together academic researchers at the frontier of research examining the effects of formal and informal controls on risk-taking behavior. The program will include a keynote speaker and 8 research papers that use experimental, archival, or theoretical methods to advance our understanding of the effects of formal and informal controls on organizational and market risk. A small number of review papers may also be included in the program. The goal of the conference is to encourage the application of multiple perspectives to stimulate dialogue between researchers and policy makers. The keynote speaker for the conference is Paul Fischer of the Wharton School.
Examples of research topics suitable for the conference include the following:
- What differentiates formal controls from informal controls and how do they interrelate?
- What are the effects of financial incentives and other formal controls on risk-taking behavior?
- What are the effects of corporate culture and other informal controls on risk-taking behavior?
- What roles do formal and informal controls play in corporate governance?
- Can formal controls deteriorate informal controls such as trust and trustworthiness?
- How can auditors incorporate informal controls in their assessment of risk?
- How can researchers incorporate informal controls within traditional principal-agent theory?
Paper Submission Procedure
Is now closed. Submissions will be blind-reviewed by the Program Organizers and selections will be made by October 31. CEAR will provide accommodations and financial support for travel expenses to authors whose papers are accepted for the conference; subject to CEAR guidelines – cear.gsu.edu/workshop-reimbursement-process/. Any questions may be directed to firstname.lastname@example.org.