IDEAS home Printed from https://ideas.repec.org/a/pkp/ijomas/v9y2020i2p91-100id1077.html
   My bibliography  Save this article

Does Risk Culture Matter for Sustaining the Business? Evidence from Malaysian Environmentally Sensitive Listed Companies

Author

Listed:
  • Nazliatul Aniza Abdul Aziz
  • Norlida Abdul Manab

Abstract

The aim of this paper is to examine how organisational risk culture and good risk management practices contribute to the sustainable business. Sustaining business requires a strong foundational of risk culture to address all types of risks. Having a sound risk culture is vital as it influences the way organisations respond to risks and hazards. A poor risk culture and weak risk management practices have triggered many business collapsed and lost with huge amounts. Drawing on the post-modern portfolio theory and stakeholder theory, the model in this study is empirically validated by means of the partial least squares approach to structural equation modelling (PLS-SEM) based on survey data from environmentally sensitive companies in Malaysia. Based on the analysis, the study revealed that risk culture moderates the relationship between the role of leadership and risk resilience of sustainability risk management (SRM) implementation and company survival. This result extend previous research by not only highlighting the importance of risk culture in driving effective SRM practices but also indicating the significance of risk resilience and leadership in sustaining the business.

Suggested Citation

  • Nazliatul Aniza Abdul Aziz & Norlida Abdul Manab, 2020. "Does Risk Culture Matter for Sustaining the Business? Evidence from Malaysian Environmentally Sensitive Listed Companies," International Journal of Management and Sustainability, Conscientia Beam, vol. 9(2), pages 91-100.
    • Handle: RePEc:pkp:ijomas:v:9:y:2020:i:2:p:91-100:id:1077
    as

    Download full text from publisher

    File URL: https://archive.conscientiabeam.com/index.php/11/article/view/1077/1522
    Download Restriction: no
    File URL: https://archive.conscientiabeam.com/index.php/11/article/view/1077/4667
    Download Restriction: no
    ---><---

    Citations

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


    Cited by:

    1. Husna Purnama & Toto Gunarto & Ida Budiarty, 2020. "Effects of Energy Consumption, Economic Growth and Urbanization on Indonesian Environmental Quality," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 580-587.
    2. Zhanna Mingaleva & Elena Shironina & Elena Lobova & Vasiliy Olenev & Lyubov Plyusnina & Anna Oborina, 2022. "Organizational Culture Management as an Element of Innovative and Sustainable Development of Enterprises," Sustainability, MDPI, vol. 14(10), pages 1-28, May.
    3. Magdalena Zioło & Iwona Bąk & Anna Spoz, 2023. "Incorporating ESG Risk in Companies’ Business Models: State of Research and Energy Sector Case Studies," Energies, MDPI, vol. 16(4), pages 1-25, February.

    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:pkp:ijomas:v:9:y:2020:i:2:p:91-100:id:1077. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Dim Michael (email available below). General contact details of provider: https://archive.conscientiabeam.com/index.php/11/ .

    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.