Abstract
This study was aimed to measure the impact of enterprise risk management practices on firm performance following the moderation of staff competence. The present study proposed five hypotheses, three direct and two moderating. For measuring hypotheses and objectives, the current research targeted bank officers in the Kingdom of Bahrain's banking sector. A total final sample of 349 was used in primary analyses selected through simple random sampling. Current research shows significant positive effects of risk culture and risk knowledge sharing on the firm`s (financial and non-financial) performance of banks in the Kingdom of Bahrain. Similarly, the first moderation strengthens the relationship between risk knowledge sharing and firm performance through staff competence. In addition, the second moderation hypothesis does not strengthen the relationship between risk culture and firm performance with the moderating effect of staff competence. The current research findings are supported under the resource-based view with several theoretical and practical implications for researchers and industry practitioners.
Highlights
In the current era, the performance of the business organization can be re-examined through the different aspects (Malik et al, 2020)
Objectives of the Research a) To assess the direct effect of risk culture on firm performance. b) To investigate the impact of risk knowledge sharing on firm performance. c) To assess the impact of moderation by staff or employee competence to enhance the relationship of risk culture and risk knowledge sharing with firm performance
Current research has tested the moderating role of staff or employee competence between the relationship of risk culture and risk knowledge sharing with firm performance
Summary
The performance of the business organization can be re-examined through the different aspects (Malik et al, 2020). Corporate failure has instigated many researchers to explore the connection between risk management initiatives and risk committees (Manhart et al.,2020). Boniface and Ibe (2012) found that complexities surrounding corporate organizations, the strength to manage present and future risk revelations play a vital role in the firms' survival. Business firms can perceive future changes and competitiveness from globalization, deregulations, and the competitive challenges from the external environment (Shecterle, 2010). According to Kirtley and Mahonay (2020), change is the necessary element to meet the customer expectation, performance assessment, engagement imperatives, risk management
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Annals of Contemporary Developments in Management & HR
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
