Enterprise Risk Management Implementation and Firm Performance: Evidence from the Malaysian Oil and Gas Industry

Shad, Muhammad Kashif; Lai, Fong–Woon

doi:10.5539/ijbm.v14n9p47

Cited by 21 publications

(10 citation statements)

References 10 publications

(12 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The financial industry has opted for ERM practices for the reduction of costs, risk and potential loss (Adam et al 2021;Mustafa and Al-Nimer 2018). Several studies have found that the ERM has a significant effect on the financial performance of companies (Shad and Lai 2019;Liem 2018;Olayinka et al 2017;Soliman and Adam 2017). Another approach has focused on operational performance and ERM (Altanashat et al 2019;Callahan and Soileau 2017;Panić et al 2019).…”

Section: Erm and Firm Performancementioning

confidence: 99%

“…Liem (2018) showed that ERM has a positive and significant influence on banks' profitability, which will be a useful indicator for the shareholders. A recent study by Kashif Shad and Lai (2019) revealed that four components, i.e., supportive internal environment, objective setting, control and monitoring activities of the ERM framework have a significant and positive effect on a firm's performance. Recently, Malik et al (2020) demonstrated that the ERM significantly affects an organization's performance.…”

Section: Erm and Firm Performancementioning

confidence: 99%

See 1 more Smart Citation

Risk Management Practices and Firm Performance with a Mediating Role of Business Model Innovation. Observations from Jordan

Al-Nimer

Abbadi

Al-Omush

et al. 2021

JRFM

View full text Add to dashboard Cite

This study focused on scrutinizing the influence of Enterprises Risk Management (ERM) on firm performance with a mediating role of Business Model Innovation (BMI). For the purpose, data from 228 Jordanian firms was collected and analyzed. The results indicated that the ERM practices have a significant influence on BMI and financial firm’s performance. The BMI significantly contributed to the financial and nonfinancial performance, whereas it displayed insignificant effects regarding environmental performance. The BMI fully mediated the relationship between ERM practices and financial performance, where a partial mediating effect was observed for the path between ERM practices and nonfinancial performance, while showed no mediating role between the ERM practices and environmental performance. Economies of countries like Jordan are hereby urged to implement the formal ERM practices and to financially educate their top management teams to apply the BMI to gain first-rate performance. This study also encourages the researchers from other countries to extend this model to their economies to unleash useful insights.

show abstract

Section: Erm and Firm Performancementioning

confidence: 99%

Section: Erm and Firm Performancementioning

confidence: 99%

Risk Management Practices and Firm Performance with a Mediating Role of Business Model Innovation. Observations from Jordan

Al-Nimer

Abbadi

Al-Omush

et al. 2021

JRFM

View full text Add to dashboard Cite

show abstract

“…In literature, green innovation is often used interchangeably for ecological innovation, sustainable innovation, environmental innovation and eco-innovation (Schiederig et al , 2012). In all industrial sectors, green innovation improves the processes and operations that adhere to the ecological design of products and reduce the negative impact on environment (Kashif Shad and Lai, 2019). To achieve the goal of green development, green innovation entails developing new products and processes that can improve the value for consumers and enterprises while reducing negative environmental impact.…”

Section: Literature Reviewmentioning

confidence: 99%

“…First, CSR plays an important role in assisting businesses to comply with government environmental regulations by adopting eco-friendly approaches. This in turn helps them to develop green products, reduce pollution during production processes and implement clean energy production processes (Kashif Shad et al ., 2018). Second, end users/customers are another crucial stakeholder of enterprises that seek to offer green and environmentally friendly products.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Mukhtar

Shad

Woon

et al. 2023

SRJ

View full text Add to dashboard Cite

Purpose This study aims to propose a conceptual framework to examine the impact of corporate social responsibility (CSR) and green organizational culture (GOC) on green innovation with the moderating role of environmental, social and governance (ESG) disclosure in the Malaysian manufacturing industry. Design/methodology/approach The study is based on primary data to be collected from 204 manufacturing enterprises of consumers, products and services sector through a questionnaire that incorporates the five-point Likert scale. The exploratory factor analysis is proposed to be performed using SPSS 24.0 and confirmatory factor analysis is suggested to be conducted using AMOS.21 software to explore the factors and reliability of the items and to confirm the factorial structure of pertinent variables, respectively. Furthermore, partial least square structural equation modeling is proposed to investigate relationships between constructs and latent variables. Findings The proposed framework suggests that the comprehensive adoption of CSR and GOC with the moderating role of ESG disclosure has a significant and positive impact on green innovation. Practical implications This study provides insights into formulating strategies for enhancing green innovation and serves as a valuable resource for stakeholders for sustainable development in manufacturing enterprises. Originality/value To the best of the authors’ knowledge, regarding originality, this is the first attempt at conceptualizing the integrated framework of CSR, GOC, green innovation and ESG disclosure for collective examination that is likely to extend the existing literature. Furthermore, this study extends stakeholders and resource-based view theory by proving their utility in the perspective of CSR, GOC, green innovation and ESG disclosure to achieve environmental sustainability.

show abstract

“…(Dias & McKee, 2010) agents will not provide quality service to their targeted customers without ongoing, on-site supervision and in-store training facilities, to ensure that the agents are sufficiently liquid, always branded, and following the prescribed business processes. For this kinds of business operations banks needs proactive rather than reactive which will incerase the firm financial value, further minimize the risk (Akhtar, Khan, & Khan, 2020;Ali, Johl, & Excellence, 2021;Jan et al, 2021;Johl & Toha, 2021;Shad, Lai, & Management, 2019;Shad & Lai, 2015). (Andrieş, 2009) the character of financial mediators may be explained in principle by the existence of a few unique variables.…”

Section: Literature Reviewmentioning

confidence: 99%

Are Commercial Agent Banking Services Worthwhile For Financial Inclusion?

Hossain

Al-Amin

Toha

2021

BMS

View full text Add to dashboard Cite

In recent times, commercial agent banking services have got considerable attention from academia and the banking industry for accelerating financial inclusion in emerging economies. However, it's incomprehensible to accelerate the economic progression through financial inclusion while ignoring a huge segment of the nonbank people from unprivileged areas. A very few studies have been conducted on the association between agent banking services and financial inclusion in emerging economies such as Bangladesh. The present study aims to investigate the impact of agent banking services provided by commercial banks on financial inclusion. To begin with the investigation, this study was based on agency theory considering the purposive sampling technique. This quantitative study was conducted on 19 commercial banks which are currently providing agent banking services in Bangladesh. An econometric model was proposed whereas the dependent construct has one specific dimension named as financial inclusion proxy by several accounts as a percentage of the adult population, in contrast, the independent construct had three dimensions named as-deposited amount, credited amount, and inward remittance of agent bank. In addition to that, this econometric model was based on secondary data whereas data analysis was conducted by considering panel data statistical method using GRETL (2019) software. This statistical analysis revealed that currently both the deposited amount and credited amount do have a significant impact on financial inclusion. It has also been inferred that using agent banking for in-warding remittance and new accounts open by clients have a positive significant relationship with financial inclusion. It is argued that agent banking services by comprising unbanked people in financial inclusion will ultimately prompt the opportunity for proper mobilization of resources and funds while maintaining safety and security. Further, it is also claimed that this study would assist to illustrate the present performance of agent banking services in financial inclusion from a multidimensional perspective which will contribute to providing some more innovative and sustainable products and services towards the unbanked people. Finally, this study recommends that commercial banks through agent banking should include a maximum number of nonbank populations into the financial inclusion by ensuring sustainable agent banking services which will accelerate the emerging economics Sustainable Development Goal (SDGs) performance.

show abstract

Enterprise Risk Management Implementation and Firm Performance: Evidence from the Malaysian Oil and Gas Industry

Cited by 21 publications

References 10 publications

Risk Management Practices and Firm Performance with a Mediating Role of Business Model Innovation. Observations from Jordan

Risk Management Practices and Firm Performance with a Mediating Role of Business Model Innovation. Observations from Jordan

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Are Commercial Agent Banking Services Worthwhile For Financial Inclusion?

Contact Info

Product

Resources

About