The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival
The aim of this paper is to examine whether corporate governance compliance and sustainability risk management (SRM) success factors have an impact on firm survival.Corporate governance and risk management have become central issues for all types of organisations.The practices of corporate governanc...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
ISDS LLC
2017
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/23170/1/IJDS%202017%206%2011%201576%201586.pdf |
| _version_ | 1825804879192391680 |
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| author | Abdul Manab, Norlida Abdul Aziz, Nazliatul Aniza Othman, Siti Norezam |
| author_facet | Abdul Manab, Norlida Abdul Aziz, Nazliatul Aniza Othman, Siti Norezam |
| author_sort | Abdul Manab, Norlida |
| collection | UUM |
| description | The aim of this paper is to examine whether corporate governance compliance and sustainability risk management (SRM) success factors have an impact on firm survival.Corporate governance and risk management have become central issues for all types of organisations.The practices of corporate governance and risk management are interrelated and closely linked.The sustainability and the improvements of the firm’s performance and survival are highly dependent on the effective role of both components.A survey questionnaire was distributed to the individuals responsible for firms’ risk management activities in environmentally sensitive listed firms in Malaysia.Out of 105 questionnaires distributed, 53 responded with a response rate of 50.5 per cent. Partial Least Squares Structural Equation Modelling (PLS-SEM) technique was used to analyse the hypothetical model developed in this study.
Corporate governance compliance has been found as one of the main reasons for SRM adoption. The results also revealed that corporate governance compliance, leadership and risk culture have an impact on firms’ survival.The findings from this study enable firms to better understand the importance of corporate governance compliance and
reinforcing leadership, risk culture and risk resilience to successfully implement SRM program. |
| first_indexed | 2024-07-04T06:22:52Z |
| format | Article |
| id | uum-23170 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:22:52Z |
| publishDate | 2017 |
| publisher | ISDS LLC |
| record_format | eprints |
| spelling | uum-231702018-02-15T01:05:12Z https://repo.uum.edu.my/id/eprint/23170/ The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival Abdul Manab, Norlida Abdul Aziz, Nazliatul Aniza Othman, Siti Norezam HD28 Management. Industrial Management The aim of this paper is to examine whether corporate governance compliance and sustainability risk management (SRM) success factors have an impact on firm survival.Corporate governance and risk management have become central issues for all types of organisations.The practices of corporate governance and risk management are interrelated and closely linked.The sustainability and the improvements of the firm’s performance and survival are highly dependent on the effective role of both components.A survey questionnaire was distributed to the individuals responsible for firms’ risk management activities in environmentally sensitive listed firms in Malaysia.Out of 105 questionnaires distributed, 53 responded with a response rate of 50.5 per cent. Partial Least Squares Structural Equation Modelling (PLS-SEM) technique was used to analyse the hypothetical model developed in this study. Corporate governance compliance has been found as one of the main reasons for SRM adoption. The results also revealed that corporate governance compliance, leadership and risk culture have an impact on firms’ survival.The findings from this study enable firms to better understand the importance of corporate governance compliance and reinforcing leadership, risk culture and risk resilience to successfully implement SRM program. ISDS LLC 2017 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/23170/1/IJDS%202017%206%2011%201576%201586.pdf Abdul Manab, Norlida and Abdul Aziz, Nazliatul Aniza and Othman, Siti Norezam (2017) The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival. International Journal of Development and Sustainability, 6 (11). pp. 1559-1575. ISSN 2186-8662 https://isdsnet.com/ijds-v6n11.html |
| spellingShingle | HD28 Management. Industrial Management Abdul Manab, Norlida Abdul Aziz, Nazliatul Aniza Othman, Siti Norezam The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival |
| title | The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival |
| title_full | The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival |
| title_fullStr | The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival |
| title_full_unstemmed | The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival |
| title_short | The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival |
| title_sort | effect of corporate governance compliance and sustainability risk management srm success factors on firm survival |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/23170/1/IJDS%202017%206%2011%201576%201586.pdf |
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