Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic
The global economy can be impacted by significant events such as financial crises and pandemics. Recently, the outbreak of COVID-19 caused by the SARS-CoV-2 virus has disrupted the stability of markets and economies across various sectors. One area of interest is the risk management practices of pro...
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| Format: | Article |
| Language: | English |
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GBMR
2023
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| Online Access: | http://umpir.ump.edu.my/id/eprint/38594/1/Risk%20Management%20Practices%20and%20Financial%20Performance%20of%20Property%20Developers%20in%20the%20Context%20of%20Covid-19%20Pandemic.pdf |
| _version_ | 1825815139761258496 |
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| author | Lau, Kah Yee Tey, Jia Hong Ting, Irene Wei Kiong |
| author_facet | Lau, Kah Yee Tey, Jia Hong Ting, Irene Wei Kiong |
| author_sort | Lau, Kah Yee |
| collection | UMP |
| description | The global economy can be impacted by significant events such as financial crises and pandemics. Recently, the outbreak of COVID-19 caused by the SARS-CoV-2 virus has disrupted the stability of markets and economies across various sectors. One area of interest is the risk management practices of property developers and their impact on financial performance during the pandemic. This study aims to investigate the risk management practices of property companies in Malaysia in the context of the COVID-19 pandemic. Specifically, the five areas being explored are identifying risks, assessing risks, mitigating risks, implementing risk management, and monitoring risk management. The research seeks to provide theoretical contributions by offering insights to organizations on how to improve their financial performance, as well as practical contributions by providing guidelines for more structured risk management practices. The study employs a quantitative research approach, with a random sampling of 282 respondents from various property developers in Malaysia, including residential, commercial, mixed-use, special purpose, industrial, and agricultural sectors. Results indicate that risk mitigation has a significant positive effect on financial performance, while risk identification and risk assessment have negative effects. |
| first_indexed | 2024-03-06T13:08:59Z |
| format | Article |
| id | UMPir38594 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T13:08:59Z |
| publishDate | 2023 |
| publisher | GBMR |
| record_format | dspace |
| spelling | UMPir385942023-09-08T07:22:02Z http://umpir.ump.edu.my/id/eprint/38594/ Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic Lau, Kah Yee Tey, Jia Hong Ting, Irene Wei Kiong HD28 Management. Industrial Management The global economy can be impacted by significant events such as financial crises and pandemics. Recently, the outbreak of COVID-19 caused by the SARS-CoV-2 virus has disrupted the stability of markets and economies across various sectors. One area of interest is the risk management practices of property developers and their impact on financial performance during the pandemic. This study aims to investigate the risk management practices of property companies in Malaysia in the context of the COVID-19 pandemic. Specifically, the five areas being explored are identifying risks, assessing risks, mitigating risks, implementing risk management, and monitoring risk management. The research seeks to provide theoretical contributions by offering insights to organizations on how to improve their financial performance, as well as practical contributions by providing guidelines for more structured risk management practices. The study employs a quantitative research approach, with a random sampling of 282 respondents from various property developers in Malaysia, including residential, commercial, mixed-use, special purpose, industrial, and agricultural sectors. Results indicate that risk mitigation has a significant positive effect on financial performance, while risk identification and risk assessment have negative effects. GBMR 2023 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/38594/1/Risk%20Management%20Practices%20and%20Financial%20Performance%20of%20Property%20Developers%20in%20the%20Context%20of%20Covid-19%20Pandemic.pdf Lau, Kah Yee and Tey, Jia Hong and Ting, Irene Wei Kiong (2023) Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic. Global Business and Management Research: An International Journal, 15 (2s). pp. 127-144. ISSN 1947-5667. (Published) http://www.gbmrjournal.com/pdf/v15n2s/V15N2s-10.pdf |
| spellingShingle | HD28 Management. Industrial Management Lau, Kah Yee Tey, Jia Hong Ting, Irene Wei Kiong Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic |
| title | Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic |
| title_full | Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic |
| title_fullStr | Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic |
| title_full_unstemmed | Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic |
| title_short | Risk Management Practices and Financial Performance of Property Developers in the Context of Covid-19 Pandemic |
| title_sort | risk management practices and financial performance of property developers in the context of covid 19 pandemic |
| topic | HD28 Management. Industrial Management |
| url | http://umpir.ump.edu.my/id/eprint/38594/1/Risk%20Management%20Practices%20and%20Financial%20Performance%20of%20Property%20Developers%20in%20the%20Context%20of%20Covid-19%20Pandemic.pdf |
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