Skip to main content

Risky business: socializing asbestos risk and the hybridization of accounting

Journal Article


Abstract


  • Risk management has become a major focus of corporate strategy. The management of risk often results in hybrid forms of calculative practice and to the production of “novel metrics” to make the future both calculable and manageable (Miller et al., 2008, p. 962). This paper contributes to an understanding of how accounting is implicated in the socialization of risk by examining the corporate funding of asbestos liabilities. Recent changes to the funding of asbestos claims in Australia provide a unique institutional context to utilize Douglas and Wildavsky's (1982) cultural risk model to examine the evolution of a hybrid calculative technology to manage, mediate and facilitate the socialization of risk.

UOW Authors


  •   Moerman, Lee
  •   Van Der Laan, Sandy L. (external author)

Publication Date


  • 2012

Citation


  • Moerman, L. C. & van der Laan, S. L. (2012). Risky business: socializing asbestos risk and the hybridization of accounting. Critical Perspectives on Accounting, 23 (2), 107-116.

Scopus Eid


  • 2-s2.0-84857439296

Ro Metadata Url


  • http://ro.uow.edu.au/commpapers/2547

Has Global Citation Frequency


Number Of Pages


  • 9

Start Page


  • 107

End Page


  • 116

Volume


  • 23

Issue


  • 2

Place Of Publication


  • United Kingdom

Abstract


  • Risk management has become a major focus of corporate strategy. The management of risk often results in hybrid forms of calculative practice and to the production of “novel metrics” to make the future both calculable and manageable (Miller et al., 2008, p. 962). This paper contributes to an understanding of how accounting is implicated in the socialization of risk by examining the corporate funding of asbestos liabilities. Recent changes to the funding of asbestos claims in Australia provide a unique institutional context to utilize Douglas and Wildavsky's (1982) cultural risk model to examine the evolution of a hybrid calculative technology to manage, mediate and facilitate the socialization of risk.

UOW Authors


  •   Moerman, Lee
  •   Van Der Laan, Sandy L. (external author)

Publication Date


  • 2012

Citation


  • Moerman, L. C. & van der Laan, S. L. (2012). Risky business: socializing asbestos risk and the hybridization of accounting. Critical Perspectives on Accounting, 23 (2), 107-116.

Scopus Eid


  • 2-s2.0-84857439296

Ro Metadata Url


  • http://ro.uow.edu.au/commpapers/2547

Has Global Citation Frequency


Number Of Pages


  • 9

Start Page


  • 107

End Page


  • 116

Volume


  • 23

Issue


  • 2

Place Of Publication


  • United Kingdom