Abstract
Every organization is bound to encounter different issues during a crisis. Risks that arise during the crisis need to be managed effectively to support the business decisions made by the management. Hence, effective management through the corporate governance role is essential to ensure that the company can sustain its performance during a crisis. This study examined the level of risk management practiced by companies during a crisis, its relationship with performance, and the moderating role of governance between risk management practices and performance. This study utilised secondary data from 60 annual Public Listed Companies (PLCs) reports for two consecutive years, 2020 and 2021. The sample consisted of the PLCs from three business sectors, i.e., manufacturing, retail, and service. The data were analysed and regressed using the SPSS software package. The results revealed an insignificant influence on risk management and performance. However, the moderating roles of governance in risk management practices and performance were significant. It indicates that effective risk management practice alone is insufficient to sustain the performance of the governance role and is ineffective in using the risk management information in making business decisions. Effective risk management leads to better decisions on the board and company growth.
Metadata
Item Type: | Article |
---|---|
Creators: | Creators Email / ID Num. Azmil Umor, Umniati Raianu UNSPECIFIED Tuan Mat, Tuan Zainun tuanz693@uitm.edu.my |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management |
Divisions: | Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI) |
Journal or Publication Title: | Asia-Pacific Management Accounting Journal (APMAJ) |
UiTM Journal Collections: | UiTM Journals > Asia-Pacific Management Accounting Journal (APMAJ) |
ISSN: | 2550-1631 |
Volume: | 20 |
Number: | 1 |
Page Range: | pp. 31-58 |
Keywords: | Risk management, governance role, crisis, risk management, performance |
Date: | April 2025 |
URI: | https://ir.uitm.edu.my/id/eprint/115802 |