The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector

The public sector is not an exception when it comes to risks, and the notion of modern accountability demands demonstration of risk management (RM) initiatives. However, the increasing trend of irregularities, non-compliance with regulation and mismanagement of government assets are deteriorating pu...

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Main Author:	Abu Bakar, Bebe
Format:	Thesis
Language:	English
Published:	2016
Subjects:	HF Commerce
Online Access:	http://eprints.utm.my/id/eprint/77875/1/BebeAbuBakarPIBS2016.pdf
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id	my-utm-ep.77875
record_format	uketd_dc
spelling	my-utm-ep.778752018-07-23T05:46:05Z The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector 2016-06 Abu Bakar, Bebe HF Commerce The public sector is not an exception when it comes to risks, and the notion of modern accountability demands demonstration of risk management (RM) initiatives. However, the increasing trend of irregularities, non-compliance with regulation and mismanagement of government assets are deteriorating public sector accountability. This scenario has placed existing mechanisms of accountability under challenge as they have eroded public trust and confidence. There are scarce empirical studies on the effect of RM practices on accountability and the drivers of RM practices, in particular regulatory pressure and performance measurement system (PMS) use. To investigate the role of RM practices in enhancing public sector accountability, this study drew upon institutional theory and resource-based view to examine the relationships of regulatory pressure and RM practices, PMS use and RM practices, RM practices and accountability, mediating effect of RM practices in the relationship between regulatory pressure and accountability, and mediating effect of RM practices in the relationship between PMS use and accountability. Survey questionnaires were distributed to 217 Chief Risk Officers, top management and branch managers from the Malaysian Federal Statutory Bodies and their main branch offices. 110 usable responses were analyzed using partial least squares structural equation modeling (PLS-SEM) techniques. The results of the study demonstrated that regulatory pressure and all the dimensions of PMS use except for legitimization have significant positive effects on different dimensions of RM practices. In testing the relationship between RM practices and accountability, it indicated that only risk identification has a significant positive effect on accountability. Furthermore, although risk identification did not mediate the relationship between regulatory pressure and accountability, it mediated the relationship between PMS use for monitoring and accountability as well as the relationship between PMS use for attention-focusing and accountability. These findings have provided knowledge and guidance to public sector managers on the implementation of effective RM to enhance accountability and develop a comprehensive RM policy leading to competitive advantage and sustainable growth. 2016-06 Thesis http://eprints.utm.my/id/eprint/77875/ http://eprints.utm.my/id/eprint/77875/1/BebeAbuBakarPIBS2016.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:94138 phd doctoral Universiti Teknologi Malaysia, International Business School International Business School
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HF Commerce
spellingShingle	HF Commerce Abu Bakar, Bebe The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector
description	The public sector is not an exception when it comes to risks, and the notion of modern accountability demands demonstration of risk management (RM) initiatives. However, the increasing trend of irregularities, non-compliance with regulation and mismanagement of government assets are deteriorating public sector accountability. This scenario has placed existing mechanisms of accountability under challenge as they have eroded public trust and confidence. There are scarce empirical studies on the effect of RM practices on accountability and the drivers of RM practices, in particular regulatory pressure and performance measurement system (PMS) use. To investigate the role of RM practices in enhancing public sector accountability, this study drew upon institutional theory and resource-based view to examine the relationships of regulatory pressure and RM practices, PMS use and RM practices, RM practices and accountability, mediating effect of RM practices in the relationship between regulatory pressure and accountability, and mediating effect of RM practices in the relationship between PMS use and accountability. Survey questionnaires were distributed to 217 Chief Risk Officers, top management and branch managers from the Malaysian Federal Statutory Bodies and their main branch offices. 110 usable responses were analyzed using partial least squares structural equation modeling (PLS-SEM) techniques. The results of the study demonstrated that regulatory pressure and all the dimensions of PMS use except for legitimization have significant positive effects on different dimensions of RM practices. In testing the relationship between RM practices and accountability, it indicated that only risk identification has a significant positive effect on accountability. Furthermore, although risk identification did not mediate the relationship between regulatory pressure and accountability, it mediated the relationship between PMS use for monitoring and accountability as well as the relationship between PMS use for attention-focusing and accountability. These findings have provided knowledge and guidance to public sector managers on the implementation of effective RM to enhance accountability and develop a comprehensive RM policy leading to competitive advantage and sustainable growth.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Abu Bakar, Bebe
author_facet	Abu Bakar, Bebe
author_sort	Abu Bakar, Bebe
title	The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector
title_short	The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector
title_full	The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector
title_fullStr	The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector
title_full_unstemmed	The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector
title_sort	role of regulatory pressure, performance measurement and risk management in enhancing accountability in malaysian public sector
granting_institution	Universiti Teknologi Malaysia, International Business School
granting_department	International Business School
publishDate	2016
url	http://eprints.utm.my/id/eprint/77875/1/BebeAbuBakarPIBS2016.pdf
_version_	1747817852453257216

The role of regulatory pressure, performance measurement and risk management in enhancing accountability in Malaysian Public sector

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