Enterprise Risk Management: Impact on Performance of Private Higher Educational Institutions in Malaysia

Setapa, Mariam; Mamat, Mazlina; Bakar, Hatinah Abu; Yusuf, Sharifah Norzehan Syed; Kazemian, Soheil

doi:10.17512/pjms.2020.22.1.31

Cited by 8 publications

(27 citation statements)

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“…Further, ERM can help universities address the main areas of risk faced and managing risks that lead to key performance indicators [12], [14]. Besides, Setapa & Zakwan [60] conclude that ERM's implementation supported by the chief of a risk management unit and top management, good training and education has a significant and positive influence on management's performance finance and marketing at PU in Malaysia.…”

Section: Discussionmentioning

confidence: 99%

“…Further, ERM contributes to overcoming problems and managing risks that hinder the achievement of UP [12], [14]. Implementation of ERM supported by the chief of the risk management unit, top management, and good training and education has a significant and positive effect on management, finance, and marketing in PU in Malaysia [60]. Risk management is carried out by identifying, classifying, analyzing, and mitigating risks to improve the UP [61].…”

Section: Erm Implementation and Universitymentioning

confidence: 99%

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The Influence of Enterprise Risk Management Implementation and Internal Audit Quality on Universities’ Performance in Indonesia

Yudianto¹,

Mulyani²,

Fahmi³

et al. 2021

Journal of Southwest Jiaotong University

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Universities obtain a lot of pressure from stakeholders to manage risk to achieve better performance. The enterprise risk management implementation and internal audit quality conditions are not optimal to help the university reach the performance target. This study aims to examine the influence of the enterprise risk management implementation and internal audit quality toward the performance of State-Owned Universities-Legal Entity and State-Owned Universities-Public Service Agency in Indonesia. Researchers use explanatory study and questionnaire instruments to collect data. The study concludes that the enterprise risk management implementation and the internal audit quality have a positive and significant influence on the Performance of State-Owned Universities-Legal Entity and State-Owned Universities-Public Service Agency in Indonesia. Improving university performance requires an effective enterprise risk management implementation and internal audit quality.

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Section: Discussionmentioning

confidence: 99%

Section: Erm Implementation and Universitymentioning

confidence: 99%

The Influence of Enterprise Risk Management Implementation and Internal Audit Quality on Universities’ Performance in Indonesia

Yudianto¹,

Mulyani²,

Fahmi³

et al. 2021

Journal of Southwest Jiaotong University

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“…Against this backdrop, the IFES are continually under pressure to deliver quality education and value to society. There is a tendency in universities to adopt risk management practices, given the continuous standardization of guidelines and best practices regarding the implementation of risk management in these institutions (Ramos et al, 2019;Setapa, Mamat, Bakar, Yusuf, & Kazemian, 2020;Silva, 2015). Applying risk management concepts combined with internal controls is a fundamental requirement for internal administrative controls in public institutions (Ramos et al, 2019;Silva, 2015).…”

Section: Risk Management In Federal Higher Education Institutionsmentioning

confidence: 99%

Adoção do Kanban na Gestão dos Riscos no Processo de Compras em uma Instituição Pública de Ensino Superior

Oliveira

Júnior

Gurgel

et al. 2022

CGG

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Objetivo: apresentar como a técnica Kanban apoiou a Gestão dos Riscos no processo de compras de uma Instituição Federal do Ensino Superior. Método: a pesquisa é qualitativa, a abordagem utilizada foi o estudo de caso. A pesquisa adota a triangulação do workshop, observação participante e grupo focal para a coleta de seus dados. Esta pesquisa é aplicada e descritiva sob os seus resultados. Para a análise foi utilizada a Análise de Conteúdo. Originalidade/Relevância: trata de uma abordagem empírica inovadora quanto ao uso de técnicas lean em apoio à gestão de riscos nos processos da administração pública. Resultados: o kanban permitiu tornar o controle e execução das ações para a mitigação dos riscos eficientes, de maneira que 75% dessas ações foram realizadas, resultando na diminuição das ameaças, resolução de problemas, otimização e eficiência no processo de gerenciamento dos riscos. Contribuições teóricas/metodológicas: contribuições sob temática de Gestão de Riscos, especificamente quanto a adoção de técnicas lean para a sustentação de um gerenciamento participante, transparente, eficiente e efetivo dos riscos inerentes aos processos públicos.

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“…According to COSO's ERM standards, the internal environment reflects the "tone of top management," which includes management attitudes and knowledge of the necessity and relevance of the ERM in growing and maintaining the firm's value (2004, p.16). According to Setapa and Zakwan (2019); Shad et al (2019); Setapa et al (2020), internal factors are one of the characteristics of the internal environment that influence whether or not ERM is applied successfully, particularly in developing countries. They also discover a link between internal characteristics that act as drivers of ERM practice and the influence of ERM on firms' performance in Malaysia.…”

Section: Internal Factors and Financial Performancementioning

confidence: 99%

“…As well as, manufacturing companies in developing countries often need a more robust risk management system for enhancing their performance (Naseem et al, 2020;Yakob et al, 2020;Kuo et al, 2020). Despite the growing relevance of applying ERM in many firms, there is no researchers agree on the dimensions of ERM, which affects the end results of implementing ERM (Lundqvist, 2014;Setapa et al, 2020;Kanu, 2021;Saeidi et al, 2021). Thus, there are still lots of opportunities in the research community to enhance the literature addressing the dimensions of ERM and its direct relationship to the financial performance of organisations, both conceptually and experimentally.…”

Section: Introductionmentioning

confidence: 99%

The Moderating Role of Organizational Culture on the Relationship between Enterprise Risk Management Dimensions and Financial Performance in Manufacturing Companies: A Theoretical Framework

Aldriweesh¹,

Zakuan²,

Bajuri³

et al. 2022

IJARAFMS

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Enterprise Risk Management (ERM) has heterogeneously practiced between financial and non-financial sectors across the world, although it is a more holistic approach to risk assessment and administration at all enterprise levels. Academics have studied the dimensions of ERM implementation, but there is no complete picture of the determinants and implications of such ERM dimensions yet, especially in developing countries. In this regard, through an extensive literature view, this study has found a theoretical link that exists between internal factors, external factors, structure, and process as main dimensions of ERM implementation and financial performance in developing countries' manufacturing firms. The conceptual model also examines the moderation role of the Organizational Culture (OC) in the relationship between the dimensions of ERM implementation and manufacturing financial performance, where this study has also theoretically proven the importance of OC as a major determinant in influencing the implementation of ERM dimensions and enhancing financial performance in developing countries' manufacturing firms. However, these theoretical results need to conduct a survey of a sample of executive directors in manufacturing companies in a developing country such as Saudi Arabia to examine correlations in the proposed model. Based on this study's theoretical results, this study contributes to promoting awareness among manufacturing firm managers in developing nations about the importance of ERM dimensions and OC in improving the financial performance and competitiveness of their companies.

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Enterprise Risk Management: Impact on Performance of Private Higher Educational Institutions in Malaysia

Cited by 8 publications

References 0 publications

The Influence of Enterprise Risk Management Implementation and Internal Audit Quality on Universities’ Performance in Indonesia

The Influence of Enterprise Risk Management Implementation and Internal Audit Quality on Universities’ Performance in Indonesia

Adoção do Kanban na Gestão dos Riscos no Processo de Compras em uma Instituição Pública de Ensino Superior

The Moderating Role of Organizational Culture on the Relationship between Enterprise Risk Management Dimensions and Financial Performance in Manufacturing Companies: A Theoretical Framework

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