IDEAS home Printed from https://ideas.repec.org/a/hur/ijarbs/v6y2016i11p404-410.html
   My bibliography  Save this article

Web Disclosure of Risk Management Practices in Malaysian Public Universities

Author

Listed:
  • Shahrul Nizam Ahmad
  • Mohamad Yazid Isa
  • Afiruddin Tapa

Abstract

Enterprise risk management (ERM) has been the centre of focus for many private organizations especially financial institutions. Like their counterparts, non-profit organizations are not safe from risk exposures and it is more crucial when their funding originated from the public. There is little work done on the risk management implementation in the public organizations and research is needed to find out whether these organizations are serious in managing their risk and do they have a formal structure and framework to handle that. This study examines the existence of a formal risk management structure or framework in the Malaysian public universities. This is a preliminary investigation using websites as indicators, on the state of enterprise risk management implementation in Malaysian public universities. Based on the data gathered from a total of 20 public universities, this study found that most of them do have a formal risk management structure in place and some of them have even appointed a specific person (risk officer) specializing in handling the ERM activities of the universities. This paper would provide the foundation for more advanced research in the ERM implementation in nonprofit organizations.

Suggested Citation

  • Shahrul Nizam Ahmad & Mohamad Yazid Isa & Afiruddin Tapa, 2016. "Web Disclosure of Risk Management Practices in Malaysian Public Universities," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(11), pages 404-410, November.
    • Handle: RePEc:hur:ijarbs:v:6:y:2016:i:11:p:404-410
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/Web_Disclosure_of_Risk_Management_Practices_in_Malaysian_Public_Universities.pdf
    Download Restriction: no
    File URL: http://hrmars.com/hrmars_papers/Web_Disclosure_of_Risk_Management_Practices_in_Malaysian_Public_Universities.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Beasley, Mark S. & Clune, Richard & Hermanson, Dana R., 2005. "Enterprise risk management: An empirical analysis of factors associated with the extent of implementation," Journal of Accounting and Public Policy, Elsevier, vol. 24(6), pages 521-531.
    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. Gazoulit Sarra & Khadija Oubal, 2023. "Risk management in public universities in pursuit of performance: A synthesis of the literature [La gestion des risques dans les universités publiques en quête de la performance: Une synthèse de la," Post-Print hal-03958352, HAL.

    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. Nuno Castanheira, 2010. "Factors associated with the adoption of risk-based internal auditing," Managerial Auditing Journal, Emerald Group Publishing, vol. 25(1), pages 79-98, February.
    2. Li, Yongjian & Zhen, Xueping & Qi, Xiangtong & Cai, Gangshu (George), 2016. "Penalty and financial assistance in a supply chain with supply disruption," Omega, Elsevier, vol. 61(C), pages 167-181.
    3. José Ruiz-Canela López, 2021. "How Can Enterprise Risk Management Help in Evaluating the Operational Risks for a Telecommunications Company?," JRFM, MDPI, vol. 14(3), pages 1-26, March.
    4. Al-Hadi, Ahmed & Eulaiwi, Baban & Al-Yahyaee, Khamis Hamed & Duong, Lien & Taylor, Grantley, 2020. "Investment committees and corporate cash holdings," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    5. Elisabetta Mafrolla & Felice Matozza, 2014. "Risk management and firm size: a survey of Italian private companies," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2014(3), pages 87-108.
    6. Leen Paape & Roland F. Spekl�, 2012. "The Adoption and Design of Enterprise Risk Management Practices: An Empirical Study," European Accounting Review, Taylor & Francis Journals, vol. 21(3), pages 533-564, January.
    7. Rita Lamboglia & Francesco Paolone & Daniela Mancini, 2019. "Determinants of the implementation of environmental risk indicators: Empirical evidence from the Italian manufacturing context," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 307-316, March.
    8. Joe Christopher & Gerrit Sarens, 2015. "Risk Management: Its Adoption in Australian Public Universities within an Environment of Change Management – A Management Perspective," Australian Accounting Review, CPA Australia, vol. 25(1), pages 2-12, March.
    9. Kaouthar Lajili, 2009. "Corporate Risk Disclosure and Corporate Governance," JRFM, MDPI, vol. 2(1), pages 1-24, December.
    10. Heidinger, Dinah & Gatzert, Nadine, 2018. "Awareness, determinants and value of reputation risk management: Empirical evidence from the banking and insurance industry," Journal of Banking & Finance, Elsevier, vol. 91(C), pages 106-118.
    11. Carmen Nadia Ciocoiu & Adina Liliana Prioteasa & Sofia Elena Colesca, 2020. "Risk Management Implementation for Sustainable Development of Romanian SMEs: A Fuzzy Approach ...........," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(55), pages 726-726, August.
    12. Eduart Villanueva & María Antonia Nuñez & Izaias Martins, 2022. "Impact Of Risk Governance, Associated Practices and Tools on Enterprise Risk Management: Some Evidence from Colombia," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 14(1), pages 187-206, January.
    13. Yongrok Choi & Xiaoxia Ye & Lu Zhao & Amanda C. Luo, 2016. "Optimizing enterprise risk management: a literature review and critical analysis of the work of Wu and Olson," Annals of Operations Research, Springer, vol. 237(1), pages 281-300, February.
    14. Khairul Rizan Mat Ludin & Zakiah Muhammaddun Mohamed & Norman Mohd-Saleh, 2017. "The association between CEO characteristics, internal audit quality and risk-management implementation in the public sector," Risk Management, Palgrave Macmillan, vol. 19(4), pages 281-300, November.
    15. Eckles, David L. & Hoyt, Robert E. & Miller, Steve M., 2014. "Reprint of: The impact of enterprise risk management on the marginal cost of reducing risk: Evidence from the insurance industry," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 409-423.
    16. Siti Zaleha Abdul Rasid & Abdul Rahim Abdul Rahman & Wan Khairuzzaman Wan Ismail, 2011. "Management accounting and risk management in Malaysian financial institutions: An exploratory study," Managerial Auditing Journal, Emerald Group Publishing, vol. 26(7), pages 566-585, July.
    17. Judit Oláh & Zuzana Virglerova & József Popp & Jana Kliestikova & Sándor Kovács, 2019. "The Assessment of Non-Financial Risk Sources of SMES in the V4 Countries and Serbia," Sustainability, MDPI, vol. 11(17), pages 1-19, September.
    18. Xin Liu, 2019. "The Role of Enterprise Risk Management in Sustainable Decision-Making: A Cross-Cultural Comparison," Sustainability, MDPI, vol. 11(10), pages 1-15, May.
    19. Ivana Dvorski Lacković & Nataša Kurnoga & Danijela Miloš Sprčić, 2022. "Three-factor model of Enterprise Risk Management implementation: exploratory study of non-financial companies," Risk Management, Palgrave Macmillan, vol. 24(2), pages 101-122, June.
    20. Mihret, Dessalegn Getie, 2014. "How can we explain internal auditing? The inadequacy of agency theory and a labor process alternative," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 25(8), pages 771-782.

    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:hur:ijarbs:v:6:y:2016:i:11:p:404-410. 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: Hassan Danial Aslam (email available below). General contact details of provider: http://hrmars.com/index.php/pages/detail/IJARBSS .

    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.