Centro de Documentacion de Fundación MAPFRE - Enterprise risk management and risk culture in construction public listed companies

MAP20220008037

Enterprise risk management and risk culture in construction public listed companies / Wong Ching Ching, Faizul Azli Mohd Rahim, Loo Siaw Chuing

En: Journal of Construction in Developing Countries. - nº 26, 2021 ; p. 17-36

Sumario: Inadequate risk management and lack of risk culture can expose a company to unexpected risk events, which can negatively affect its performance. However, there are inconsistencies in suitable dimensions to measure the enterprise risk management (ERM) construct, as well as insufficient embedding strategies for risk culture. This study aims to identify the ERM practices and risk culture dimensions among the Malaysian construction public listed companies (PLCs). The roles of top management and chief risk officer/risk manager in influencing ERM and risk culture are also explored. A total of 46 annual reports and 10 interviews of industry practitioners were analysed using content analysis. The analysis of the annual reports found that risk policy and risk appetite/tolerance, monitoring key risk and accountability are the three dimensions of risk culture. In addition, based on the interviews, reward and recognition and internal relationships were identified as the two dimensions of risk. Top management and risk manager were found to be the primary drivers of ERM programme and risk culture in construction PLCs. The results of this study are used to formulate a survey instrument for the subsequent data collection to test the proposed theoretical model

1. Gerencia de riesgos . 2. Análisis de riesgos . 3. Prevención de riesgos . 4. Control de riesgos . 5. Construcción y obras públicas . I. Mohd Rahim, Faizul Azli . II. Siaw Chuing, Loo . III. Title.