Michael Power, P.D. Leake Professor of Accounting, and Co–Director, ESRC Centre for Analysis of Risk and Regulation, London School of Economics
Introduction: The Rise of the Cautious Manager.
PART ONE: THE RE–REGULATION OF THE CORPORATION.
The New Dynamic of Regulation.
Self–Regulation: Entrenching Caution.
The Rise of Risk Management.
Managing for Shareholder Value: The New Financial Risk Aversion.
PART TWO: A TIMID APPROACH TO MARKETS.
Industry in Defensive Mode.
The New Obsession with the Customer.
The Dumbing–Down of Innovation.
Fear of Growth.
PART THREE: EXPLAINING AND CHALLENGING RISK AVERSION.
A Crisis of Self–Belief.
Conclusion: Challenging the Culture of Risk Aversion.