Management Control & Risk Management Integration - An Empirical Study of Swedish Banks

Sammanfattning: The research area of management control and risk management is relatively novel, especially in the integration aspect of the two. The regulated environment of banks is of interest to this topic due to an already existing high extent of risk management within the organizations. This study uses theoretical foundations of established management control systems and risk management factors, aiming to gain insight into whether banks integrate the two. Another aspect this study takes into consideration is the role strategy and size plays in the design of control and risk management systems. For this part, the number of employees and three types of strategies are used as a measurement method. The study is of a qualitative nature utilizing a survey approach focusing on five controls and three types of risk. We conclude that the banks that participated in our thesis, integrated risk management and management control systems in their everyday operations. Furthermore, the variables size and strategy had an effect on the level of integration.