Strategic Risk Management,Risk Appetite and Budgeting Control System
摘要：In 2006, "overall risk management（ORM） guidance for state own firms of China" has been issued by state-owned asset monitoring commission, and it has been advocated as a corporate governance and management control practice applicable across all firms in China. This paper presents field study evidence from two listed firms, and suggests that the cases illustrate combining strategic risk and risk appetite into the budgeting control system which shows how they form the integrated strategic risk and risk appetite management into budgeting control system in firm. Further, this paper shows that using integrated risk approach can support to the overall risk management in budgeting control system（BCS）, and explores how Strategic Risk Management（SRM） achieved the effect management in the cases. Finally, this study summarizes three propositions on SRM and BCS, in order to solve the un-controlling Key Performance Indicator（KPI） of BCS in an organization that they can be managed in a more strategic manner.