Risk Management Research- A Bibliometric Review and ADO–TCM Framework Analysis

Document Type : Review article

Authors

1 Department of Management and Accounting, Technical and Vocational University (TVU), Tehran, Iran

2 Faculty of Entrepreneurship, University of Tehran, Tehran, I.R. Iran

3 Brunel University, UK

4 Vali-e-Asr University of Rafsanjan, Rafsanjan, I.R. Iran

5 Razi University, Kermanshah, I.R. Iran

6 Universitas Mercatorum, Italy

10.22059/ijms.2026.403806.678110

Abstract

Risk management is a cornerstone of organizational resilience in volatile environments, yet its scholarly development remains fragmented across theories, contexts, and methods. This study conducts a bibliometric review of 1,890 peer‑reviewed articles published between 1970 and 2024 in the Web of Science database, complemented by a structured conceptual synthesis of highly cited sources. It addresses gaps such as limited integration of behavioral and organizational learning dimensions, fragmented theorization, and weak translation of bibliometric insights into actionable design. Using co‑occurrence and co‑citation analyses integrated with the Antecedents–Decisions–Outcomes (ADO) and Theories–Contexts–Methods (TCM) frameworks, the study systematically maps antecedents, decisions, outcomes, theories, contexts, and methods, offering a unified lens for synthesizing quantitative and qualitative insights. The analysis identifies four dominant clusters: enterprise risk management, financial hedging strategies, supply chain resilience, and forecasting. Quantitative findings highlight their prominence, interlinkages, and temporal shifts, while qualitative synthesis reveals neglected intersections such as behavioral risk sensing and cross‑context validation. The study contributes to scholarship and practice by providing a replicable, theory‑driven framework for literature reviews, guiding adaptive risk management systems, and informing managerial and policy decision‑making. By integrating bibliometric mapping with conceptual synthesis, it advances resilience and strategic risk governance.

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