Managerial Practices of Political Risk Assessment in Jordanian International Business

Khattab, Adel Al; Anchor, J.R; Davies, Eleanor M.M.

doi:10.1057/rm.2008.8

Cited by 9 publications

(11 citation statements)

References 13 publications

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“…The most prominent result to emerge from Figure 1 is the positions and close proximity of the risk items 22 (warfare) and 25 (terrorist attack), on the extreme right of the plot. Like Jordanian respondents in the study of Al Khattab, Anchor, and Davies (2007), the current Jordanian sample viewed the risks from these activities as more dreadful, more catastrophic and more uncontrollable than any of the others.…”

Section: Cognitive Map Of Risk Perception In Jordanmentioning

confidence: 93%

Risk Perception in a Developing Country: The Case of Jordan

Alrawad¹,

Khattab²

2014

IBR

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Purpose: Recognizing the importance of risk perception and the poor understanding of the phenomenon in developing countries, this study characterizes risk perception in Jordan. Design:A mixed quantitative and qualitative survey approach was adopted. Semi-structured interviews were used to identify risks relevant to Jordanian society, then perceptions of these were examined using a questionnaire. Sampling was stratified by province and convenience sampling was adopted within each stratum. The response rate of 53.6 percent was adequate for accurate and useful results representative of the target population. The questionnaire data were analyzed using parametric statistics including principal component analysis and mean analysis.Findings: A cognitive map shows that Jordanians perceived warfare and terrorist attack as the most dreaded, catastrophic and uncontrollable risks to society. Refugee influx was also perceived as a high risk on the dreaded dimension. Although Jordan generates no nuclear electricity, nuclear power was also loaded high on the dreaded factor, confirming that risk perception can be affected by negative international events. Research Limitations/Implications:A proper interpretation of the cognitive map requires an appreciation of the plasticity of risk, as perceptions are changed by scientific knowledge, media coverage and globalization of risk issues. Future research should examine these changes and determine other possible variables influencing risk ratings at different times. While stratified sampling helped the representativeness of the sample, convenience sampling was applied within each stratum. Future research might use probability sampling instead. This study gives risk analysts and policymakers a basis for understanding and anticipating public responses to risks and improving the communication of risk information among laypeople and decision-makers.Originality: This study is one of few to develop a cognitive map and investigate factors influencing risk perception in Jordan, in the volatile Middle East. Rather than surveying mainly students, it used a representative sample from Jordan's 12 provinces.

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Section: Cognitive Map Of Risk Perception In Jordanmentioning

confidence: 93%

Risk Perception in a Developing Country: The Case of Jordan

Alrawad¹,

Khattab²

2014

IBR

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“…The rationale for taking the survey approach was threefold: a) it has been extensively used in the field of business research; b) it is consistent with the positivist paradigm and with our aim and objectives; and c) it is by far the most common approach to primary data collection (Creswell, 2008). In particular, surveys represent the overwhelming choice for collecting primary data in risk management research (Raz & Michael, 2001;White & Fortune, 2002;Bing et al, 2005;Al Khattab et al, 2008b;Anchor & Benešová, 2012).…”

Section: Methodsmentioning

confidence: 99%

“…Organizations which are 'heavily' involved in international business, according to Suder (2006), Chapman and Ward (2003) and Green (2005), face greater risks and consequently place more emphasis on risk management. Studies of risk management in the context of Bulgaria (Iankova & Katz, 2003) and Jordan (Al Khattab et al, 2008b) found that organizations which had greater international risk exposure had more interest in risk integration. The organization's degree of internationalization can therefore influence its practices through the exposure to various risk sources in international markets.…”

Section: Determinants Of Irmmentioning

confidence: 99%

“…The turmoil, as reported by Vale Colombia Center (2012), had a significant impact on corporate investors' investment intentions. Despite this fact, previous risk management studies of Swedish (Kettis, 2004) and Jordanian organizations (Al Khattab et al, 2008b) have reported that risk assessment practice is crisis oriented. In essence, risk management is not fully integrated into the general business and management decision-making process, in that it focuses only on the negative outcomes of possible events and not on the balance between risk and reward.…”

Section: Introductionmentioning

confidence: 97%

“…Most studies conducted in Jordan and other Middle Eastern countries (e.g., Zeitun & Tian, 2007;Moore, 2012;Adeel & Awadallah, 2012), have been concerned with general management practices. Frynas and Mellahi (2003) state that very few investigations have been conducted into corporate risk management practices in emerging markets, while Al Khattab (2006) notes that there has been little research on IRM, either as a stand-alone business practice or as a wider contributor to general management, within the Middle East. Alon et al (2006) and Anchor and Benešová (2012), moreover, suggest that there is a limited body of research that investigates risk management practices and integration from an organization-specific perspective.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The Risk Management Process in Jordanian Public Shareholding Organisations

Khattab¹,

Hood²

2015

IJBM

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Risk management, as a business practice in developing and emerging nations, is an under-researched area. The aim of this paper is to contribute to the development of risk management theory and practice by examining the determinants of the integration of risk management within public shareholding organizations in an Arab country, Jordan.A survey strategy was used and questionnaires were distributed to Jordanian organizations listed on the Amman Stock Exchange. Parametric statistics such as Pearson's correlation coefficient and analysis of variance were used to achieve the aim and objectives, which were all related to risk management practice and its wider implications for general management.The main finding of this research is that the level of integrated risk management within many Jordanian organizations is variable, but that it is significantly correlated with the type of industry; financial organizations are more likely to be involved in risk management than service or industrial organizations.

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Internationalisation and risk: Literature review, integrative framework and research agenda

Eduardsen

Marinova

2020

International Business Review

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Managerial Practices of Political Risk Assessment in Jordanian International Business

Cited by 9 publications

References 13 publications

Risk Perception in a Developing Country: The Case of Jordan

Risk Perception in a Developing Country: The Case of Jordan

The Risk Management Process in Jordanian Public Shareholding Organisations

Internationalisation and risk: Literature review, integrative framework and research agenda

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