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    • Events  (11)
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  • All HBS Web  (5,774)
    • People  (14)
    • News  (1,100)
    • Research  (3,476)
    • Events  (11)
    • Multimedia  (22)
  • Faculty Publications  (2,308)
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  • November 2018
  • Case

Swissgrid: Enterprise Risk Management in a Digital Age

By: Robert S. Kaplan and Anette Mikes
Kurt Meyer, chief risk officer of Swissgrid, the Swiss national electricity transmission system operator, reflects on the risk management system he installed after the deregulation and liberalization of the European energy market. With 41 connections to other European... View Details
Keywords: Enterprise Risk Management; Energy Transmission; Risk and Uncertainty; Risk Management; Energy; Energy Industry; Utilities Industry; Switzerland
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Kaplan, Robert S., and Anette Mikes. "Swissgrid: Enterprise Risk Management in a Digital Age." Harvard Business School Case 119-045, November 2018.
  • 2006
  • Dissertation

Enterprise Risk Management in Action

By: Anette Mikes
The new Basel regulatory initiatives and a burgeoning risk management literature signify the rise of enterprise risk management (ERM) in the financial services sector. However, very little is known of the roles that risk management plays in organizations and how it... View Details
Keywords: Banks and Banking; Risk Management; Practice; Governance Controls; Value; Strategy; Financial Services Industry
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Mikes, Anette. "Enterprise Risk Management in Action." Diss., London School of Economics and Political Science, Centre for Economic Performance, 2006.
  • 09 Jun 2009
  • Research Event

Business Summit: Enterprise Risk Management

include: having top management lead risk management; creating a culture of risk management where it is part of all decisions; setting clear View Details
Keywords: Re: Robert S. Kaplan
  • June 2010
  • Case

Enterprise Risk Management at Hydro One (Multimedia)

By: Anette Mikes
An early adopter of Enterprise Risk Management, energy giant Hydro One anticipated new threats and opportunities in an industry that faced climate change and carbon legislation, the deregulation of electricity markets, and the greater adoption of renewable... View Details
Keywords: Risk Management; Energy; Energy Industry; Canada
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Mikes, Anette. "Enterprise Risk Management at Hydro One (Multimedia)." Harvard Business School Multimedia/Video Case 110-707, June 2010.
  • July 2008 (Revised January 2012)
  • Case

Enterprise Risk Management at Hydro One (A)

By: Anette Mikes
An early adopter of Enterprise Risk Management, energy giant Hydro One anticipated new threats and opportunities in an industry that faced climate change and carbon legislation, the deregulation of electricity markets, and the greater adoption of renewable... View Details
Keywords: Capital Budgeting; Knowledge Sharing; Managerial Roles; Risk Management; Strategic Planning; Situation or Environment; Environmental Sustainability; Renewable Energy; Energy Industry
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Mikes, Anette. "Enterprise Risk Management at Hydro One (A)." Harvard Business School Case 109-001, July 2008. (Revised January 2012.)
  • October 2020
  • Teaching Note

Swissgrid: Enterprise Risk Management in a Digital Age

By: Robert S. Kaplan and Anette Mikes
This note was prepared by HBS Professor Robert Kaplan and Professor Anette Mikes (University of Oxford) for the purpose of aiding classroom instructors in the use of “Swissgrid: Enterprise Risk Management in a Digital Age,” HBS No. 119-045. View Details
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Kaplan, Robert S., and Anette Mikes. "Swissgrid: Enterprise Risk Management in a Digital Age." Harvard Business School Teaching Note 121-035, October 2020.
  • 2005
  • Other Unpublished Work

Enterprise Risk Management in Action

By: Anette Mikes
Keywords: Business Ventures; Risk Management
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Mikes, Anette. "Enterprise Risk Management in Action." ESRC Centre for Analysis of Risk and Regulation Discussion Paper, October 2005.
  • June 2010 (Revised October 2014)
  • Teaching Note

Enterprise Risk Management at Hydro One (A)

By: Anette Mikes
Teaching Note for 109-001 View Details
Keywords: SWOT Analysis; Risk Management; Climate Change; Renewable Energy; Technology Adoption; Strategy; Business and Stakeholder Relations; Perspective; Goals and Objectives; Capital Budgeting; Governing Rules, Regulations, and Reforms; Energy Industry
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Mikes, Anette. "Enterprise Risk Management at Hydro One (A) ." Harvard Business School Teaching Note 110-086, June 2010. (Revised October 2014.)
  • 2017
  • Book

Managing Risk in Reinsurance: From City Fires to Global Warming

By: Niels Viggo Hauter and Geoffrey Jones
This is the first book to provide a comprehensive history of the reinsurance industry from the nineteenth century to the present day. Reinsurance developed at the fringe of financial services and, for most of its existence, was largely unnoticed outside the expert... View Details
Keywords: Insurance; Risk Management; Business History; Globalization; Risk and Uncertainty; Financial Services Industry; Insurance Industry; Africa; Europe; Latin America; North and Central America; Asia
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Hauter, Niels Viggo and Geoffrey Jones, eds. Managing Risk in Reinsurance: From City Fires to Global Warming. New York: Oxford University Press, 2017.
  • Research Summary

Risk Management

The recent proliferation of risk management, as a management control system, and the continuing failures in risk oversight suggest that risk practices warrant further research and understanding.

My mission, ambition, and indeed passion is to document,... View Details

  • September 2010 (Revised October 2014)
  • Teaching Note

Enterprise Risk Management at Hydro One - Multimedia

By: Anette Mikes
Teaching Note for 110-707 View Details
Keywords: Risk Management; Climate Change; Adoption; Perspective; Business and Stakeholder Relations; Goals and Objectives; Strategic Planning; Governing Rules, Regulations, and Reforms; Renewable Energy; Capital Budgeting; Managerial Roles; Problems and Challenges; Energy Industry
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Mikes, Anette. "Enterprise Risk Management at Hydro One - Multimedia." Harvard Business School Teaching Note 111-036, September 2010. (Revised October 2014.)
  • 11 Jan 2014
  • Conference Presentation

Towards a Contingency Theory of Enterprise Risk Management

By: Anette Mikes
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Mikes, Anette. "Towards a Contingency Theory of Enterprise Risk Management." Paper presented at the American Accounting Association, Management Accounting Section Research and Case Conference, American Accounting Association, Orlando, FL, January 11, 2014.
  • Research Summary

Corporate Risk Management

Traditionally companies have managed different kinds of risk individually: the corporate treasurer or finance director handles credit risk and foreign exchange risk, the human resources manager handles employment risk, and so on. Integrated risk management calls for... View Details
  • 6 Aug 2013
  • Conference Presentation

Towards a Contingency Theory of Enterprise Risk Management

By: Anette Mikes
Keywords: Contingency Planning; Risk Management
Citation
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Mikes, Anette. "Towards a Contingency Theory of Enterprise Risk Management." Paper presented at the American Accounting Association Annual Meeting, American Accounting Association, Anaheim, CA, August 6, 2013.
  • June 2023
  • Article

Regulatory Limits to Risk Management

By: Ishita Sen
Variable annuities, the largest liability of U.S. life insurers, are investment products containing long-dated minimum return guarantees. I show that guarantees with similar economic risks are treated differently by regulation and these differences impact insurers’... View Details
Keywords: Interest Rate Risk; Variable Annuities; Capital Regulation; Reinsurance; Derivatives; Risk Management; Interest Rates; Governing Rules, Regulations, and Reforms
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Sen, Ishita. "Regulatory Limits to Risk Management." Review of Financial Studies 36, no. 6 (June 2023): 2175–2223. (Lead Article and Editor's Choice, Winner of the RFS Rising Scholar Award 2024.)
  • 27 Nov 2013
  • Conference Presentation

Towards a Contingency Theory of Enterprise Risk Management

By: Anette Mikes
Citation
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Mikes, Anette. "Towards a Contingency Theory of Enterprise Risk Management." Paper presented at the Management Control Seminar, Université de Lausanne, Ecole des hautes études commerciales, Lausanne, Switzerland, November 27, 2013.
  • Research Summary

Risk Management Systems

By: Robert S. Kaplan
Along with Assistant Professor Anette Mikes and Associate Professor Dennis Campbell, Kaplan continues to explore how companies can implement risk management processes that reflect their strategies. The research involves case writing, teaching in executive program, and... View Details
  • Research Summary

Financial Risk Management

By: Richard F. Meyer
Richard F. Meyer is exploring the theory and practice of financial risk management in corporations worldwide. Three primary objectives of his research are: to understand the underlying sources of risk and corporations' exposure to them; to identify appropriate,... View Details
  • 2009
  • Chapter

Government as Risk Manager

By: Tom Baker and David Moss
We explain the four basic ways to manage risk: prevention, risk shifting, risk spreading, and loss control. We set out five principles of effective government risk management gleaned from extensive historical study: (1) link responsibility and control, (2) manage moral... View Details
Keywords: Government and Politics; Risk Management; Risk and Uncertainty; Safety
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Baker, Tom, and David Moss. "Government as Risk Manager." Chap. 4 in New Perspectives on Regulation, edited by David Moss and John Cisternino, 87–109. Cambridge, MA: Tobin Project, 2009.
  • Article

From Counting Risk to Making Risk Count: Boundary-Work in Risk Management

By: Anette Mikes
For two decades, risk management has been gaining ground in banking. In light of the recent financial crisis, several commentators concluded that the continuing expansion of risk measurement is dysfunctional (Power, 2009; Taleb, 2007). This paper asks whether the... View Details
Keywords: Risk Management; Banks and Banking; Financial Crisis; Expansion; Organizational Culture; Management Teams; Managerial Roles
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Mikes, Anette. "From Counting Risk to Making Risk Count: Boundary-Work in Risk Management." Accounting, Organizations and Society 36, nos. 4-5 (May–July 2011): 226–245.
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