Reliability assessment of indicators measuring the impact of enterprise risk management on performance of higher education institutions in Sri Lanka / Angage Anoma Samanthi Perera ... [et al.]

Perera, Angage Anoma Samanthi and Rahmat, Abdul Khabir and Khatibi, Ali and Ferdous Azam, S. M. (2022) Reliability assessment of indicators measuring the impact of enterprise risk management on performance of higher education institutions in Sri Lanka / Angage Anoma Samanthi Perera ... [et al.]. Asian Journal of University Education (AJUE), 18 (1). pp. 300-321. ISSN 2600-9749

Abstract

Higher educational institutions are exposed to various types of risks what other entities face naming strategic, operational, financial, compliance, technological and reputational risk owing to terrifying competition, rapid technological advancements and unpredictable environmental tremors. Implementation of enterprise risk management is the best strategic tool to identify, assess and mitigate the overall risks faced by entities. The implementation of enterprise risk management is however hindered by the high cost for ERM systems implementation and the inability of justification of increasing performances. Many research studies conducted by academicians and practitioners to ascertain the significant positive relationship of Enterprise Risk Management implementation and firm performance concluded with contradictory deductions. This study is an investigation of the reliability of the indicators measuring the impact of ERM implementation on the performance of non-state higher education institutions in Sri Lanka. The sample of hundred and seventy senior professionals was selected from the study population of seven hundred and seven senior persons attached to non-state institutions in Sri Lanka using stratified random sampling technique. This paper presents the outcomes of the quantitative investigation conducted to test the reliability of the indicators that were used to measure the latent variables in the survey instrument. As the Cronbach’s alpha value of each latent variable was well above the threshold of 0.70, the items used in each variable were fitting to the construct and therefore accepted as reliable indicators to measure the constructs.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Perera, Angage Anoma Samanthi
anomase@gmail.com
Rahmat, Abdul Khabir
abd_khabir@yahoo.com
Khatibi, Ali
alik@msu.edu.my
Ferdous Azam, S. M.
drferdous@msu.edu.my
Subjects: L Education > LB Theory and practice of education > Higher Education
L Education > LB Theory and practice of education > Higher Education > Ratings and rankings. Evaluation and ranking of universities and colleges
L Education > LB Theory and practice of education > Educational productivity
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Education
Journal or Publication Title: Asian Journal of University Education (AJUE)
UiTM Journal Collections: Listed > Asian Journal of University Education (AJUE)
ISSN: 2600-9749
Volume: 18
Number: 1
Page Range: pp. 300-321
Keywords: Organizational ERM Philosophy, Organizational Culture, Organizational Governance Structure, Organizational Hierarchy, Tone-from-the-Top, Employee Involvement
Date: January 2022
URI: https://ir.uitm.edu.my/id/eprint/113456
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