Critical Success Factors of Sustainability Risk Management (SRM) Practices in Malaysian Environmentally Sensitive Industries

Aziz, Nazliatul Aniza Abdul; Manab, Norlida Abdul; Othman, Siti Norezam

doi:10.1016/j.sbspro.2016.04.025

Cited by 18 publications

(21 citation statements)

References 23 publications

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“…These problems occur due to the use of natural resources that are not in line with production activities that have an impact on environmental pollution, bribery and corruption, business ethics, etc. (Aziz et al, 2016a(Aziz et al, , 2016bCOSO and WBCSD, 2018). This statement is also supported in The World Economic Forum's (2018) Global Risks Report, which suggests that risks related to environmental or social issues, such as extreme weather, water crises, natural disasters and the failure of mitigation and adaptation to climate change, dominate the top risks for companies.…”

Section: Introductionmentioning

confidence: 99%

“…Hence, there is not enough attention in handling these ESGrelated risks. In addition, Aziz et al (2016aAziz et al ( , 2016b suggest that although the ESG is very important, the risk is unpredictable. Thus, no matter how good an ERM is, losses will occur due to these risks always present and that could have a hugely adverse impact on company performance.…”

Section: Introductionmentioning

confidence: 99%

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The effect of enterprise risk management on financial performance and firm value: the role of environmental, social and governance performance

Chairani

Siregar

2021

MEDAR

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Purpose This study aims to examine the effect of enterprise risk management (ERM) on financial performance and firm value, as well as the moderating role of environmental, social and governance (ESG) performance. Design/methodology/approach The samples in this study are listed companies in the ASEAN 5 (Indonesia, Malaysia, Philippines, Singapore and Thailand) during the years 2014–2018, with total observations of 680 firm-years. Fixed effect panel data regressions were used to test the hypotheses. The data was collected from Financial Report, Annual Reports and Thomson Reuters. Findings The results show that ERM has a positive significant effect on financial performance and firm value. This paper also finds that ESG has a significant moderating role in increasing the effect of ERM on firm value. Further, this paper divides the samples into sensitive and non-sensitive industries and find a significant moderating role of ESG performance on firm performance for sensitive industries. Originality/value Extant studies have not empirically examined the moderating role of ESG on the effect of ERM on firm performance and firm value. The findings have important implications in suggesting that firms need to analyze various threats and opportunities related to and ESG risks in achieving competitive advantage.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The effect of enterprise risk management on financial performance and firm value: the role of environmental, social and governance performance

Chairani

Siregar

2021

MEDAR

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“…The revision of the BPM approach in context of Industry 4.0 has been examined through the Deming PDCA cycle because this cycle describes phases of process BPM implementation. [14]. Fig.…”

Section: Industry 40 and Business Process Managementmentioning

confidence: 99%

Industry 4.0 and business process management

Tupa

Steiner

2019

Teh. glas. (Online)

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Production companies are adopting new methods for the improvement of their managing production processes. The cost, quality and time are still key important attributes for process improvement. This is reason why the Business Process Management (BPM) is the core of management in different areas, e.g., quality management, sustainability management. The new technologies based on Internet of Things and Services, SMART solutions, and the concept Industry 4.0 are opening new possibilities of BPM implementation. This theoretical paper deals with a review of new trends in BPM and a presentation of the possibilities of core technologies for Industry 4.0 in phases of BPM applications.

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“…A mechanism utilised to consider this government internal and external environment, is CSFs referring to a limited number of conditions, variables or characteristics that have a direct and significant impact on objectives such as effectiveness, efficiency, and viability of a government [29]. To achieve the intended overall objectives, activities related to the CSFs must be performed at the highest possible level of excellence [30].…”

Section: E-government Critical Success Factorsmentioning

confidence: 99%

An e-Government Implementation Framework: A Developing Country Case Study

Apleni

Smuts

2020

Lecture Notes in Computer Science

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The implementation of Information and Communication Technology (ICT) is seen globally as a means to efficient and effective delivery of business and organisational mandates. Governments, in their quest to serve citizens, harness ICT to streamline their service delivery processes. e-Government transforms administrations into "smart governments" enhancing the social, political and economic inclusion and the quality of life of its citizens. However, the governments of developing countries are still facing challenges regarding transformation due to a myriad of obstacles, which include the lack of interoperability of e-government, lack of resources and lack of management commitment. Therefore, the aim of this study is to define an e-government implementation framework for developing countries. The 12 critical success factors identified for developing countries were mapped to the variables of Diffusion of Innovation (DOI) Theory in order to create the proposed implementation framework. The framework was then applied in a single case study at a government department in South Africa (SA) where the opinions of 110 managers were collected through an on-line questionnaire. By considering the e-government implementation framework, government departments are guided and enabled to prioritise specific elements in their implementation plan focusing on improved e-government delivery.

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Critical Success Factors of Sustainability Risk Management (SRM) Practices in Malaysian Environmentally Sensitive Industries

Cited by 18 publications

References 23 publications

The effect of enterprise risk management on financial performance and firm value: the role of environmental, social and governance performance

The effect of enterprise risk management on financial performance and firm value: the role of environmental, social and governance performance

Industry 4.0 and business process management

An e-Government Implementation Framework: A Developing Country Case Study

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