Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria

The rising cost of production, risk, environmental concerns and desire to perform, made oil and gas companies adoptedoperational excellence strategy to remedy the situation. In recent time, incidences on safety and health, the cost of exploration, and ageing facility risks in the Nigerian oil...

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Main Author:	Muazu, Muazu Hassan
Format:	Thesis
Language:	English English English
Published:	2020
Subjects:	HD61 Risk in industry Risk management
Online Access:	http://eprints.uthm.edu.my/914/2/24p%20MUAZU%20HASSAN%20MUAZU.pdf http://eprints.uthm.edu.my/914/3/MUAZU%20HASSAN%20MUAZU%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/914/1/MUAZU%20HASSAN%20MUAZU%20WATERMARK.pdf
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id	my-uthm-ep.914
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spelling	my-uthm-ep.9142021-09-09T02:50:23Z Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria 2020-07 Muazu, Muazu Hassan HD61 Risk in industry. Risk management The rising cost of production, risk, environmental concerns and desire to perform, made oil and gas companies adoptedoperational excellence strategy to remedy the situation. In recent time, incidences on safety and health, the cost of exploration, and ageing facility risks in the Nigerian oil and gas industry are rising. The situation if not checked could lead to a continued decline in oil production, revenue,economicperformance and the aspiration of the country to becoming a regional economic force and one of the world’sbest economies will be unrealistic. It is as a result of this development that this study investigatedthe mediating effect of enterprise risk management implementation on the relationship between enterprise risk management determinants and operational excellence in the Nigerian oil and gas sector. The study employed a quantitive survey approach, where seven oil and gas companies were chosen purposively for the research and 179 managers and engineers were surveyed,and data were collected via a closed-ended questionnaire. SPSS 23 was used for the preliminary data analysis,and smart PLS-SEM 3.0 was used for the final analysis. The result showed that regulatory framework, firm characteristics, staff capacity and information technology as independent variables had a significant relationship with operational excellence. Enterprise risk management implementation was found to have a significant relationship with operational excellence and also mediates its relationship with firm characteristics and staff capacity.The study findings substantiate the importance of enterprise risk management implementation in operational excellence in the oil and gas sector.The outcome of the research also indicated a theoretical contribution to the body of knowledge of enterprise risk management implementation as well as operational excellence. It also showed practical improvement in the operations of oil and gas sector as regards risk management and operational excellence in the Nigerian oil and gas sector, specifically the Nigerian National Petroleum Corporation. 2020-07 Thesis http://eprints.uthm.edu.my/914/ http://eprints.uthm.edu.my/914/2/24p%20MUAZU%20HASSAN%20MUAZU.pdf text en public http://eprints.uthm.edu.my/914/3/MUAZU%20HASSAN%20MUAZU%20COPYRIGHT%20DECLARATION.pdf text en staffonly http://eprints.uthm.edu.my/914/1/MUAZU%20HASSAN%20MUAZU%20WATERMARK.pdf text en validuser phd doctoral Universiti Tun Hussein Onn Malaysia Fakulti Pengurusan Teknologi dan Perniagaan
institution	Universiti Tun Hussein Onn Malaysia
collection	UTHM Institutional Repository
language	English English English
topic	HD61 Risk in industry Risk management
spellingShingle	HD61 Risk in industry Risk management Muazu, Muazu Hassan Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria
description	The rising cost of production, risk, environmental concerns and desire to perform, made oil and gas companies adoptedoperational excellence strategy to remedy the situation. In recent time, incidences on safety and health, the cost of exploration, and ageing facility risks in the Nigerian oil and gas industry are rising. The situation if not checked could lead to a continued decline in oil production, revenue,economicperformance and the aspiration of the country to becoming a regional economic force and one of the world’sbest economies will be unrealistic. It is as a result of this development that this study investigatedthe mediating effect of enterprise risk management implementation on the relationship between enterprise risk management determinants and operational excellence in the Nigerian oil and gas sector. The study employed a quantitive survey approach, where seven oil and gas companies were chosen purposively for the research and 179 managers and engineers were surveyed,and data were collected via a closed-ended questionnaire. SPSS 23 was used for the preliminary data analysis,and smart PLS-SEM 3.0 was used for the final analysis. The result showed that regulatory framework, firm characteristics, staff capacity and information technology as independent variables had a significant relationship with operational excellence. Enterprise risk management implementation was found to have a significant relationship with operational excellence and also mediates its relationship with firm characteristics and staff capacity.The study findings substantiate the importance of enterprise risk management implementation in operational excellence in the oil and gas sector.The outcome of the research also indicated a theoretical contribution to the body of knowledge of enterprise risk management implementation as well as operational excellence. It also showed practical improvement in the operations of oil and gas sector as regards risk management and operational excellence in the Nigerian oil and gas sector, specifically the Nigerian National Petroleum Corporation.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Muazu, Muazu Hassan
author_facet	Muazu, Muazu Hassan
author_sort	Muazu, Muazu Hassan
title	Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria
title_short	Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria
title_full	Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria
title_fullStr	Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria
title_full_unstemmed	Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria
title_sort	mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of nigeria
granting_institution	Universiti Tun Hussein Onn Malaysia
granting_department	Fakulti Pengurusan Teknologi dan Perniagaan
publishDate	2020
url	http://eprints.uthm.edu.my/914/2/24p%20MUAZU%20HASSAN%20MUAZU.pdf http://eprints.uthm.edu.my/914/3/MUAZU%20HASSAN%20MUAZU%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/914/1/MUAZU%20HASSAN%20MUAZU%20WATERMARK.pdf
_version_	1747830712600363008

Mediating effect of enterprise risk management implementation on operational excellence in the oil and gas industry: the case of Nigeria

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