Risk Management Practices to Strengthen Public Sector Accountability

IF 0.8 Q4 BUSINESS, FINANCE

Asian Journal of Business and Accounting Pub Date : 2019-06-27 DOI:10.22452/AJBA.VOL12NO1.1

S. Rasid, B. A. Bakar, A. M. Rizal, S. Baskaran

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引用次数: 4

Abstract

Manuscript type: Research paper Research aims: Risks can challenge the public sector’s service delivery system and growth sustainability. While the notion of modern accountability demands some display of risk management (RM) initiatives, less attention has been given to the impact of RM practices on organisational accountability as well as the effect of performance measurement system (PMS) use on RM practices. Drawing from the resource-based view, this study attempts to investigate the predictive effect of RM practices and (PMS) use on accountability by using a mediation framework. Design/Methodology/Approach: Cross-sectional survey is applied to collect data from the top management of the Malaysian Federal Statutory Bodies (FSBs). The research framework is tested by analysing the data of 110 Malaysian FSBs through the structural equation modelling technique (PLS-SEM). Research findings: The result of the study demonstrates that PMS use for monitoring and PMS use for attention-focusing have a significant positive effect on RM practices. Additionally, RM practices mediate the relationship between PMS use and accountability. Theoretical contribution/Originality: This paper is among the few to assess the effect of PMS use on RM practices and to determine the mediation effect of RM practices on the relationship between PMS use and accountability. Practitioner/Policy implication: These findings provide valuable insights for authorities in the public sector on the ways to enhance public sector governance through new mechanisms of accountability such as RM practices. Research limitation/Implication: This study uses a non-probability sampling. Considering the difference in design and use of control systems among the different sectors or industries, the results may not be generalised to other populations. However, the outcome of this study suggests that RM practices do strengthen public sector accountability with the appropriate use of the PMS. Keywords: Risk Management, Performance Measurement System, Accountability, Public Sector JEL Classification: M41

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加强公共部门问责制的风险管理做法

手稿类型：研究论文研究目的：风险可以挑战公共部门的服务提供系统和增长可持续性。虽然现代问责制的概念要求展示一些风险管理（RM）举措，但很少关注RM实践对组织问责制的影响以及绩效衡量系统（PMS）使用对RM实践的影响。从基于资源的观点出发，本研究试图通过使用中介框架来调查RM实践和（PMS）使用对问责制的预测效果。设计/方法/方法：采用横断面调查从马来西亚联邦法定机构（FSB）的最高管理层收集数据。通过结构方程建模技术（PLS-SEM）对110个马来西亚FSB的数据进行分析，验证了该研究框架。研究结果：研究结果表明，使用经前综合症进行监测和使用经后综合症进行注意力集中对RM实践有显著的积极影响。此外，RM实践调解了PMS使用和责任之间的关系。理论贡献/独创性：本文是为数不多的评估PMS使用对RM实践的影响并确定RM实践对PMS使用和问责制之间关系的中介作用的论文之一。从业者/政策含义：这些发现为公共部门当局提供了宝贵的见解，让他们了解如何通过新的问责机制（如RM实践）加强公共部门治理。研究局限性/含义：本研究采用非概率抽样。考虑到不同部门或行业在控制系统的设计和使用方面的差异，结果可能无法推广到其他人群。然而，这项研究的结果表明，通过适当使用PMS，RM实践确实加强了公共部门的问责制。关键词：风险管理，绩效衡量体系，问责制，公共部门JEL分类：M41

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来源期刊

Asian Journal of Business and Accounting BUSINESS, FINANCE-

CiteScore

2.00

自引率

11.10%

发文量

期刊介绍： An academic journal that aims to advance knowledge in the business and accounting disciplines, to narrow the gap between theory and practice, and to set direction for policy initiatives in Asia. Welcome to the Asian Journal of Business and Accounting (AJBA). AJBA is an international refereed journal, published biannually (30th June and 30th December) by the Faculty of Business and Accountancy, University of Malaya, Malaysia. AJBA aims to publish scholarly business researches that are relevant to Malaysia and the Asian region. It intends to highlight the practical implications in promoting better business decision making process and the formulation of public policy in Asia. This journal publishes theoretical, conceptual, and empirical papers within the broad areas of business and accounting in Asia. The AJBA covers a broad spectrum of the business and accounting disciplines. A suggestive (though not necessarily comprehensive) list of areas that would be included in this journal are: general management, strategic management, human resource management, organizational behaviour, labour and industrial relations, international business management, business communication, entrepreneurship, leadership, management science, operations management, production management, supply chain management, marketing management, brand management, consumer behaviour, information management, e-marketing, e-commerce, quality management, retailing, service marketing, hospitality management, hotel and tourism management, asset pricing, capital and money markets, corporate finance, derivatives markets, finance and banking, financial economics, etc.