IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v22y2020i55p639.html
   My bibliography  Save this article

The Impact of Knowledge Risk on Sustainability of Firms

Author

Listed:
  • Bratianu, C.

    (University of Economic Studies, Bucharest, Romania)

  • Andrei ?tefan Nestian

    (Alexandru Ioan Cuza University, Ia?i, Romania)

  • Silviu Mihail Tita

    (Alexandru Ioan Cuza University, Ia?i, Romania)

  • Ana Iolanda Vodã

    (Alexandru Ioan Cuza University, Ia?i, Romania)

  • Alexandra Luciana Guta

    (Alexandru Ioan Cuza University, Ia?i, Romania)

Abstract

The purpose of this paper is to investigate the impact of knowledge risk on the business sustainability of firms. In the knowledge economy, knowledge is a strategic resource of any firm, and it contributes significantly to the organizational performance and its competitive advantage. Knowledge risk is generated by knowledge absence, loss, leakage, spillover, and any other activity that induces uncertainty in decision-making. The present research focuses on the linkage between knowledge risk management and the firms’ sustainability, having organizational performance as a mediating factor between knowledge risk and sustainability, and decision-making as a moderating factor between organizational performance and sustainability. The research integrates the qualitative approach based mostly on a critical analysis of the literature, and the quantitative approach based on designing a structural equation model and an associated questionnaire distributed online to a number of 1500 respondents from the business environment. Data obtained from the 299 valid questionnaires was processed by using STATA as a specialized program for statistical analysis and by using Structural Equation Modeling. The results confirm the structure of the research model and its associated hypotheses. Knowledge risk impacts firms’ sustainability through the moderation of organizational performance. Decision-making impacts organizational performance and sustainability such that it acts as a moderating factor of the linkage between these constructs.

Suggested Citation

  • Bratianu, C. & Andrei ?tefan Nestian & Silviu Mihail Tita & Ana Iolanda Vodã & Alexandra Luciana Guta, 2020. "The Impact of Knowledge Risk on Sustainability of Firms," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(55), pages 639-639, August.
    • Handle: RePEc:aes:amfeco:v:22:y:2020:i:55:p:639
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_2922.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Durst, Susanne & Hinteregger, Christoph & Zieba, Malgorzata, 2019. "The linkage between knowledge risk management and organizational performance," Journal of Business Research, Elsevier, vol. 105(C), pages 1-10.
    2. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    3. Gelhard, Carsten & von Delft, Stephan, 2016. "The role of organizational capabilities in achieving superior sustainability performance," Journal of Business Research, Elsevier, vol. 69(10), pages 4632-4642.
    4. Malgorzata Zieba & Susanne Durst, 2018. "Knowledge Risks in the Sharing Economy," Knowledge Management and Organizational Learning, in: Elena-Mădălina Vătămănescu & Florina Magdalena Pînzaru (ed.), Knowledge Management in the Sharing Economy, pages 253-270, Springer.
    5. Nick Bontis & Mary M. Crossan & John Hulland, 2002. "Managing An Organizational Learning System By Aligning Stocks and Flows," Journal of Management Studies, Wiley Blackwell, vol. 39(4), pages 437-469, June.
    6. Susanne Durst & Malgorzata Zieba, 2017. "Knowledge risks - towards a taxonomy," International Journal of Business Environment, Inderscience Enterprises Ltd, vol. 9(1), pages 51-63.
    7. Aven, Terje, 2016. "Risk assessment and risk management: Review of recent advances on their foundation," European Journal of Operational Research, Elsevier, vol. 253(1), pages 1-13.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bratianu Constantin, 2020. "Toward understanding the complexity of the COVID-19 crisis: a grounded theory approach," Management & Marketing, Sciendo, vol. 15(s1), pages 410-423, October.
    2. Vlad-Mihai Ursache, 2023. "Knowledge Vulnerabilities: Definitions and Interpretations," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 529-536, August.
    3. Baicu Claudia Gabriela & Gârdan Iuliana Petronela & Gârdan Daniel Adrian & Epuran Gheorghe, 2020. "The impact of COVID-19 on consumer behavior in retail banking. Evidence from Romania," Management & Marketing, Sciendo, vol. 15(s1), pages 534-556, October.
    4. Bratianu Constantin, 2024. "Designing Knowledge Strategies," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 2847-2856.
    5. Michele Samuele Borgia & Francesca Di Virgilio & Maura La Torre & Muhammad Adnan Khan, 2022. "Relationship between Work-Life Balance and Job Performance Moderated by Knowledge Risks: Are Bank Employees Ready?," Sustainability, MDPI, vol. 14(9), pages 1-20, April.
    6. Bejinaru Ruxandra, 2021. "Key issues of tranzition to digital entrepreneurship," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 91-101, December.
    7. Elena-Sabina Turnea & Ștefan Andrei Neștian & Silviu Mihail Tiță & Ana Iolanda Vodă & Alexandra Luciana Guță, 2020. "Dismissals and Temporary Leaves in Romanian Companies in the Context of Low Demand and Cash Flow Problems during the COVID-19 Economic Lockdown," Sustainability, MDPI, vol. 12(21), pages 1-22, October.
    8. Ștefan Andrei Neștian & Ana Iolanda Vodă & Silviu Mihail Tiță & Alexandra Luciana Guță & Elena-Sabina Turnea, 2021. "Does Individual Knowledge Management in Online Education Prepare Business Students for Employability in Online Businesses?," Sustainability, MDPI, vol. 13(4), pages 1-24, February.
    9. Andrei Andreia Gabriela & Dincă Violeta-Mihaela & Mitan Andreea & Vătămănescu Elena-Mădălina, 2021. "Connecting the Dots: Exploring the Knowledge-based Antecedents of SMEs’ Profitability and Development via International Ventures," Management & Marketing, Sciendo, vol. 16(3), pages 167-186, September.
    10. Ana Iolanda Vodă & Cristina Cautisanu & Camelia Grădinaru & Chris Tănăsescu & Gustavo Herminio Salati Marcondes de Moraes, 2022. "Exploring Digital Literacy Skills in Social Sciences and Humanities Students," Sustainability, MDPI, vol. 14(5), pages 1-31, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Akinsola Gbenga Daniel & Farmanesh Panteha & Mwamba Nyota Madhy, 2023. "The Relationship Between Knowledge Risk Management and Sustainable Organizational Performance: The Mediating and Moderating Role of Leadership Behavior," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 17(1), pages 1-16.
    2. Yongan Zhang & Umair Khan & Seoyeon Lee & Madiha Salik, 2019. "The Influence of Management Innovation and Technological Innovation on Organization Performance. A Mediating Role of Sustainability," Sustainability, MDPI, vol. 11(2), pages 1-21, January.
    3. Luis Perez-Batres & Jonathan Doh & Van Miller & Michael Pisani, 2012. "Stakeholder Pressures as Determinants of CSR Strategic Choice: Why do Firms Choose Symbolic Versus Substantive Self-Regulatory Codes of Conduct?," Journal of Business Ethics, Springer, vol. 110(2), pages 157-172, October.
    4. Durst, Susanne & Hinteregger, Christoph & Zieba, Malgorzata, 2019. "The linkage between knowledge risk management and organizational performance," Journal of Business Research, Elsevier, vol. 105(C), pages 1-10.
    5. Michele Samuele Borgia & Francesca Di Virgilio & Maura La Torre & Muhammad Adnan Khan, 2022. "Relationship between Work-Life Balance and Job Performance Moderated by Knowledge Risks: Are Bank Employees Ready?," Sustainability, MDPI, vol. 14(9), pages 1-20, April.
    6. Mechthild Donner & Anne Verniquet & Jan Broeze & Katrin Kayser & Hugo de Vries, 2021. "Critical success and risk factors for circular business models valorising agricultural waste and by-products," Post-Print hal-03004851, HAL.
    7. Cornelis Leeuwen & Jos Frijns & Annemarie Wezel & Frans Ven, 2012. "City Blueprints: 24 Indicators to Assess the Sustainability of the Urban Water Cycle," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(8), pages 2177-2197, June.
    8. CHEN, Helen S.Y., 2020. "Designing Sustainable Humanitarian Supply Chains," OSF Preprints m82ar, Center for Open Science.
    9. Jim Butcher, 2006. "The United Nations International Year of Ecotourism: a critical analysis of development implications," Progress in Development Studies, , vol. 6(2), pages 146-156, April.
    10. Denise Ravet, 2011. "Lean production: the link between supply chain and sustainable development in an international environment," Post-Print hal-00691666, HAL.
    11. Mara Del Baldo, 2012. "Corporate social responsibility and corporate governance in Italian SMEs: the experience of some “spirited businesses”," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(1), pages 1-36, February.
    12. Megan Devonald & Nicola Jones & Sally Youssef, 2022. "‘We Have No Hope for Anything’: Exploring Interconnected Economic, Social and Environmental Risks to Adolescents in Lebanon," Sustainability, MDPI, vol. 14(4), pages 1-17, February.
    13. Rigby, Dan & Woodhouse, Phil & Young, Trevor & Burton, Michael, 2001. "Constructing a farm level indicator of sustainable agricultural practice," Ecological Economics, Elsevier, vol. 39(3), pages 463-478, December.
    14. Michael Howes & Liana Wortley & Ruth Potts & Aysin Dedekorkut-Howes & Silvia Serrao-Neumann & Julie Davidson & Timothy Smith & Patrick Nunn, 2017. "Environmental Sustainability: A Case of Policy Implementation Failure?," Sustainability, MDPI, vol. 9(2), pages 1-17, January.
    15. Shiferaw, Bekele & Holden, Stein, 1999. "Soil Erosion and Smallholders' Conservation Decisions in the Highlands of Ethiopia," World Development, Elsevier, vol. 27(4), pages 739-752, April.
    16. Ibrahim Ari & Muammer Koc, 2018. "Sustainable Financing for Sustainable Development: Understanding the Interrelations between Public Investment and Sovereign Debt," Sustainability, MDPI, vol. 10(11), pages 1-25, October.
    17. Sylvie Héroux & Mélanie Roussy, 2020. "Three cases of compliance with governance regulation: an organizational learning perspective," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(2), pages 449-479, June.
    18. Parnphumeesup, Piya & Kerr, Sandy A., 2011. "Stakeholder preferences towards the sustainable development of CDM projects: Lessons from biomass (rice husk) CDM project in Thailand," Energy Policy, Elsevier, vol. 39(6), pages 3591-3601, June.
    19. Pengji Wang & Adrian T. H. Kuah & Qinye Lu & Caroline Wong & K. Thirumaran & Emmanuel Adegbite & Wesley Kendall, 2021. "The impact of value perceptions on purchase intention of sustainable luxury brands in China and the UK," Journal of Brand Management, Palgrave Macmillan, vol. 28(3), pages 325-346, May.
    20. Christoph M. Schmidt & Nils aus dem Moore, 2014. "Wie geht es uns? Die W3-Indikatoren für eine neue Wohlstandsmessung," RWI Positionen, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, pages 16, 03.

    More about this item

    Keywords

    knowledge risk; sustainability; organizational performance; decision-making; risk management; knowledge management.;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:22:y:2020:i:55:p:639. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Dumitru (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.