Evaluation of Risk Management Strategies in Government Institutions: Case Study on Abu Dhabi Municipalities

Abstract

Government institution’s failure around the world has motivated researchers to investigate the link between risk management strategies and performance of government institutions. The prime objective of this study is to examine the impact of risk management framework implementation (RMFI) and risk management success factors (RMSF) on the performance of government institution in Abu Dhabi.  Survey data on 163 employees from three Abu Dhabi Municipalities (Abu Dhabi City, Al Ain City Municipality, Al Dhafra Region Municipality) were collected. PLS-Sem 3.0 software were applied to test hypotheses. The findings of this research release that RMFI, and RMSF has significant effects on the performance of Abu Dhabi municipalities. The study recommends that government firms and regulatory agencies should promote sound risk culture with a view to increase risk awareness, establish a robust information management system for comprehensive risk analysis and reporting, devise internal risk knowledge sharing strategies to boost staff capabilities and entrench effective leadership role to handle complex firms’ operational activities.

Keywords: Risk management framework implementation, risk management success factors, government institute firm performance

DOI: 10.7176/JCSD/56-03

Publication date: February 29^th 2020