Universiti Teknologi Malaysia Institutional Repository

The effect of risk management practices on research university performance

Md. Ariff, M. S. and Zakuan, N. and Som, N. M. and Tajudin, M. N. M. (2017) The effect of risk management practices on research university performance. Man in India, 97 (17). pp. 289-298. ISSN 0025-1569

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Abstract

This study examines how risk management practices (RMP) affect organizational performance in Malaysia's research university (RU) setting. The conceptualization of RMP and RU performance was based on the process theory, and the five RMP proposed - Risk Governance & Management System, Risk Identification, Risk Analysis & Evaluation, Risk Mitigation Strategy & Control, and Risk Monitoring & Communication - derived from literature review on risk management, focus group sessions with risk practitioners, and expert validation. Using a self-administered questionnaire, 288 senior administrators of the RU participated in this study. The SEM result shows that these RMP positively and significantly affect the RU performance. Theoretically, this study validated that the positive and significant association between RMP and organizational performance is also observed in the research university context. These RMP should be adopted when designing effective implementation of risk management to achieve the RU performance. However, the application of the RMP should be tailored to fit to unique risk profiles of the university environment, including the need to enhance some risk practices.

Item Type:Article
Uncontrolled Keywords:risk management practices (RMP), risk analysis & evaluation, research university
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:Management
ID Code:81202
Deposited By: Narimah Nawil
Deposited On:24 Jul 2019 11:37
Last Modified:24 Jul 2019 11:37

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