IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxiy2018ispecial3p488-502.html
   My bibliography  Save this article

The Existence of Risk Culture in Risk Management Implementation on the West Java Provincial Government

Author

Listed:
  • Deni Suardini
  • Mudiyati Rahmatunnisa
  • Widya Setiabudi
  • Catur Budi Wibowo

Abstract

Any change in regulation and business environment as well as development of information may affect risk management in provincila Government. This research will report findings on risk management implementation in local government. The study refers to West Java Provincial Government focusing on risk culture. Data collection is conducted by document study as well as in depth interview with several key leaders. The research data is tested for validity using triangulation to check the accuracy. Results of the survey shows that the gap between expectations and realities related to risk culture focused on leadership, understanding and commitment within the West Java Provincial Government can be categorized as low. Leadership which is one of the focus of risk culture development has been realized through the leaders’ directives to their associates in conducting the organization activities. Then, leaders of local government institutions have provided opportunities for the organization‘s members to express their opinions on various issues through both formal and informal media. However, the commitment has, not yet been supported by the documentation of clear reward and punishment. This leads to difficulties in assessing whether the behavior of organizational members in conducting organizational activities has been consistent and can be judged equally from the reward and punishment perspective.

Suggested Citation

  • Deni Suardini & Mudiyati Rahmatunnisa & Widya Setiabudi & Catur Budi Wibowo, 2018. "The Existence of Risk Culture in Risk Management Implementation on the West Java Provincial Government," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 488-502.
  • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special3:p:488-502
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/journal/1404/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:ers:journl:v:vi:y:2018:i:4:p:62-75 is not listed on IDEAS
    2. Rustam Effendi, 2017. "Influence on Local Government Performance: Budget Participatory, Budget Control and Organizational Structure Working Procedures of Dysfunctional Behavior," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 580-593.
    3. Dody Hapsoro & Tulus Suryanto, 2017. "Consequences of Going Concern Opinion for Financial Reports of Business Firms and Capital Markets with Auditor Reputation as a Moderation Variable - An Experimental Study," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 197-223.
    4. Suharno Pawirosumarto & Dini Iriani, 2018. "The Influence of Work Stress, Working Cost, Compensation and Work Discipline on Employee’ Productivity," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 62-75.
    5. T. Suryanto & J.E. Thalassinos & E.I. Thalassinos, 2017. "Board Characteristics, Audit Committee and Audit Quality: The Case of Indonesia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 44-57.
    6. De Jonghe, Frank & Edelsten, Mark & Xavier, Isabel, 2013. "The Cultural Revolution in Risk Management," Journal of Financial Perspectives, EY Global FS Institute, vol. 1(1), pages 179-187.
    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. Aneta Wysokińska-Senkus, 2019. "Improvement of the Risk Management in an Organization Hierarchized in the Context of Sustainability," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 317-331.

    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. Suratno & J.M.V. Mulyadi, 2020. "Taxes, Revenues and Capital Expenditure as Determinants of Financial Sufficiency of Regional Government," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 283-290.
    2. M. Nurhayati & A. Thoyib & Noermijati & D.W. Irawanto, 2018. "Impersonal Trust and Perceived Organizational Politics on Organizational Commitment," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 391-403.
    3. Berna Dogan Basar, 2021. "Corporate Governance, Cost of Capital and Tobin Q: Empirical Evidence from Turkey Listed Companies," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 19(1), pages 51-78.
    4. Myra V. De Leon & Jerwin B. Tubay, 2020. "Ethical Leadership of Supervisors and Internal Social Capital in a Financial Institution," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 291-301.
    5. Chinmaya Behera & Bikash Ranjan Mishra & Biswashree Tanaya Priyadarsini & Lopamudra D. Satpathy, 2020. "Institutional Quality and Foreign Direct Investment Inflows: Evidence from Cross-country Data with Policy Implication," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 302-316.
    6. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:480-492 is not listed on IDEAS
    7. A.I. Belousov & E.A. Shelukhina & N.A. Rumachik & A.N. Shchemelev, 2017. "Adaptation of Balance Theories to the Assessment of Sustainable Economic Development of Business Units," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 76-83.
    8. Y. Yolanda, 2017. "Analysis of Factors Affecting Inflation and its Impact on Human Development Index and Poverty in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 38-56.
    9. Mehmet Levent Erdaş & Emel Bachá Sımoes, 2020. "The Relationship between Audit Mechanisms and Dividend Payout Policy within the Framework of Corporate Governance: The Case of Turkey," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 62(62), pages 255-284, December.
    10. Diana Dmitrievna Burkaltseva & Oleg Valerievich Boychenko & Olga Sergeevna Sivash & Nicholas Maksimovich Mazur & Snezhana Anatolyevna Zotova & Aleksey Valeryevich Novikov, 2017. "The Construction of the Digital Organizational, Social and Economic Production Mechanism in the Agro-industry," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 350-365.
    11. repec:ers:journl:v:vi:y:2018:i:4:p:48-61 is not listed on IDEAS
    12. S. Wahyudi & I.R.D. Pangestuti & R.D. Laksana & Hersugondo & Robiyanto, 2018. "Corporate Social Responsibility on SKI KEHATI Index Corporate Performance: A Case Study," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 93-104.
    13. Tulus Suryanto & Danial Thaib2 & Muliyati Muliyati, 2019. "Individualism and Collectivism Culture to Audit Judgement," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 26-38.
    14. Mochamad Soelton & Yanto Ramli & Dewi Anggraini & Danny Khosasi, 2020. "Implementing Good Corporate Governance to Engage Corporate Social Rerponsibility in Financial Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 239-258.
    15. Albekov Adam Umarovich & Vovchenko Natalia Gennadyevna & Andreeva Olga Vladimirovna & Sichev Roman Alexandrovich, 2017. "Block Chain and Financial Controlling in the System of Technological Provision of Large Corporations," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 3-12.
    16. Othman Hel Al-Dhaimesh, 2020. "Ownership Structure as One of the Corporate Governance Tools and Banking Risks," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 60-69.
    17. repec:ers:journl:v:vi:y:2018:i:4:p:3-13 is not listed on IDEAS
    18. Purwanto & Ina Primiana & Dian Masyita & Erie Febrian, 2018. "Comparative Study οn Sustainability of Sharia Microfinance Institutions Through Financial and Social Efficiency," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 90-100.
    19. repec:ers:journl:v:vi:y:2018:i:4:p:93-104 is not listed on IDEAS
    20. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:493-501 is not listed on IDEAS
    21. Bambang Bernanthos, 2018. "Employees' Performance in Islamic Banking," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 31-42.
    22. Aty Herawati & Angger Setiadi Putra, 2018. "The Influence of Fundamental Analysis on Stock Prices: The Case of Food and Beverage Industries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 316-326.
    23. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:459-469 is not listed on IDEAS
    24. repec:ers:journl:v:vi:y:2018:i:3:p:146-159 is not listed on IDEAS
    25. Ireneusz Zuchowski & Agnieszka Brelik, 2017. "The Relationship of Managers with Subordinates as a Development Enabler of Enterprise in the SME Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 51-65.
    26. V.M. Morais Pereira & J.A. Candeias Bonito Filipe, 2018. "Quality of Board Members’ Training and Bank Financial Performance: Evidence from Portugal," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 47-79.
    27. Power, Michael & Ashby, Simon & Palermo, Tommaso, 2013. "Risk culture in financial organisations: a research report," LSE Research Online Documents on Economics 67978, London School of Economics and Political Science, LSE Library.

    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:ers:journl:v:xxi:y:2018:i:special3:p:488-502. 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: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    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.