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The effect of corporate governance compliance and sustainability risk management (SRM) success factors on firm survival


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

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: Corporate Governance Compliance; Sustainability Risk Management; Firm Survival
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 15 Feb 2018 01:05
Last Modified: 15 Feb 2018 01:05
URI: http://repo.uum.edu.my/id/eprint/23170

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