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Assessment of Risk Management Practices in the Public Sector of Malaysia

Author

Listed:
  • Jamaliah Said

    (UiTM - Universiti Teknologi MARA [Shah Alam])

  • Md. Mahmudul Alam

    (UUM - Universiti Utara Malaysia)

  • Razana Juhaida Johari

    (UiTM - Universiti Teknologi MARA [Shah Alam])

Abstract

Public sectors around the world, especially in the developing counties, are not functioning well due to widespread fraud, governance, corruption, and inefficacy. For this reason, the world's public sectors need to improve their efficacy by using a sound risk management system. This study attempts to comprehend the phenomenon of current risk management practices among the public sector employees in different service schemes in Malaysia. A questionnaire survey was utilized to collect primary data from 194 department heads in Malaysia's federal ministries. The collected data was analysed using descriptive statistics and factor analysis. Findings revealed that 94.7% of respondents agreed to implementing risk management in their respective departments, but the level of priority for these risk management factors differs based on the service schemes. This study will assist policymakers to identify what is needed to enhance risk management practices in the public sector.

Suggested Citation

  • Jamaliah Said & Md. Mahmudul Alam & Razana Juhaida Johari, 2020. "Assessment of Risk Management Practices in the Public Sector of Malaysia," Post-Print hal-03520137, HAL.
    • Handle: RePEc:hal:journl:hal-03520137
    DOI: 10.1504/IJBEM.2020.10032965
    Note: View the original document on HAL open archive server: https://hal.science/hal-03520137
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    References listed on IDEAS

    as
    1. Sherrena Buckby & Gerry Gallery & Jiacheng Ma, 2015. "An analysis of risk management disclosures: Australian evidence," Managerial Auditing Journal, Emerald Group Publishing, vol. 30(8/9), pages 812-869, October.
    2. Wiengarten, Frank & Humphreys, Paul & Gimenez, Cristina & McIvor, Ronan, 2016. "Risk, risk management practices, and the success of supply chain integration," International Journal of Production Economics, Elsevier, vol. 171(P3), pages 361-370.
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    4. Md. Mahmudul Alam & Razana Juhaida Johari & Jamaliah Said, 2018. "An empirical assessment of employee integrity in the public sector of Malaysia," International Journal of Ethics and Systems, Emerald Group Publishing Limited, vol. 34(4), pages 458-471, August.
    5. Giannakis, Mihalis & Papadopoulos, Thanos, 2016. "Supply chain sustainability: A risk management approach," International Journal of Production Economics, Elsevier, vol. 171(P4), pages 455-470.
    6. Gorzeń-Mitka Iwona, 2016. "Leading Risk Management Determinants of Small and Medium-Sized Enterprises (SMEs): An Exploratory Study in Poland," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 1, edition 1, pages 289-298, Springer.
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