INVESTIGATING RISK MANAGEMENT IN MUNICIPALITIES IN UNITED ARAB EMIRATES (UAE): AN EMPIRICAL RESEARCH

Abstract

In the last decade, the lack of professionalism on government institution has given the serious concern among the practitioners and scholars in dealing with the creative approach on management in handing the risk and its common type of methods. Such attainment could be transmitted into the Risk Management Success Factor (RMSF) on the government performance in United Arab Emirates (UAE). The need to examine properly on the way of implementing the risk management together with the procedure of success factors should be considered in particular. With the number of respondent on 163, the survey was conducted through three Municipalities in three different cities in UAE. The method was using Partial Least Squares Structural Equation Modelling (PLS-SEM) for hypotheses purpose. This study reveals that RMFI, and RMSF have positive and significant effects on the performance of government institutes. The contribution here refers to support the value in offering the strategic management of comprehending the feedback and impact on firm performance. This study is also expected in promoting the strategic approach culture in enhancing the risk consciousness in institution. Through establishing the commitment to manage the information system on risk management, knowledge sharing could be developed in further to deploy in expanding comprehensive analysis together with pointing out the strategies in enhancing capabilities and competence to properly and wisely manage the risk control in the operational activities.