Public value accounting as an integrating mechanism between performance and risk

Performance management (PM) and Risk management (RM) represent two interconnected systems towards public value creation. The integration of RM within other managerial systems and PM is considered beneficial for the organization. Through multiple-case study, the chapter will attempt to inductively understand the conceptual integration between public value, performance, and risk. In particular, the chapter will pose the following research question: What tools, processes and subjects contribute to making public value an integrating mechanism between performance and risk management?