全面风险管理的理论基础:以主体为出发点

The Theoretical Basis of Enterprise Risk Management:Enterprise as the Starting Point

基于"风险"新定义,风险管理应该是对"外因通过内因起作用,形成综合效应"这一动态过程的管理,三个要素缺一不可,尤其是对风险导因的管控,这才是风险管理的抓手。而且,将决策主体看作由不同个体组成的集体或系统,是全面风险管理区别于一般风险管理的关键所在。在风险与不确定性决策理论框架下,本文试图为全面风险管理建立一套以"主体E"为出发点的规范性理论基础,从明确界定决策主体E开始,设定其理性行为假设,研究应该如何基于对外部不确定性的认知与衡量,并结合对决策后果的价值判断,选择最优策略。

Based on the new definition of risk, risk management should be designed to manage the dynamic interac- tion of external cause activating the internal cause, which is the origin of combined effects. The three factors are in- dispensable of each other. In particular, the control of risk engendering factor is the basis for risk management. Moreover, a fundamental difference exists between risk management and enterprise risk management. For the latter, the principal ＇ Enterprise＇ is a group or system that is composed of different individual bodies. Under the framework of risk and uncertainty decision-making theory, this paper attempts to construct a normative theoreti- cal basis for enterprise risk management,which views ＇Enterprise＇ as the starting point. Starting from defining the decision-maker ＇Enterprise＇ and setting her behavioral assumptions, this paper analyzes how the decision maker choose reasonable risk management strategies on the basis of its perception and evaluation of external uncertainties and its judgment on the effects of its decisions.