20.500.12556/RUL-147564 The role of interactive style of use in improving risk management effectiveness The purpose of this paper is to investigate how to make risk management systems (RMS) more effective. We identify a critical element for effective RMS, which is neglected in the literature, and argue that the potential of advanced RMS designs (e.g., enterprise risk management—ERM) depends on the interactive style of use. However, interactive use is costly in terms of managers’ time and attention, so many organizations do not use RMS in this way. Using survey data and PLS-SEM, we show for our sample companies that the positive effects of advanced RMS design on effectiveness are fully mediated through interactive use of RMS. This brings on an important implication that a RMS leads to better results when it is used interactively. For example, more interactive use of less developed RMS design (such as the traditional silo-based design) would improve its effectiveness by compensating for the lack of an organization-wide RMS. management risk risk managemant enterprise risk management ERM risk management system interactive use risk management efectiveness PLS-SEM management tveganje obvladovanje tveganj true false true Angleški jezik Slovenski jezik Članek v reviji 2023-07-07 11:35:21 2023-07-07 11:35:23 2023-07-08 03:51:31 0000-00-00 00:00:00 2023 0 0 21 str. iss. 2, art. 9 Vol. 25 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 005.3 1460-3799 10.1057/s41283-023-00114-4 141728515 s41283-023-00114-4_(1).pdf s41283-023-00114-4_(1).pdf 1 9C0C76E6BDD0603C87C684C9E32AC0E2 e7e87b0287a93ea9da1b40e91b9db70d2de5046eb24f9472a212af7b3d709baf 5e6676e5-1ca9-11ee-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=171206 https://link.springer.com/article/10.1057/s41283-023-00114-4 0 43c4eb8a-1ca9-11ee-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=171197 Ekonomska fakulteta 0 0 0