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Moderating role of organisational learning and firm size on risk management maturity in construction firms
South African Journal of Business Management ( IF 0.836 ) Pub Date : 2018-10-17 , DOI: 10.4102/sajbm.v49i1.320
Chen Wang , Ali M. Alashwal , Arash Asef , Hamzah Abdul-Rahman , Lincoln C. Wood

Background: It is not known whether organisational practice of learning and risk management maturity (RMM) varies based on firm size. Literature in the construction field lacks empirical studies on intervening influence of firm size on RMM. Objectives: This study aims to determine the significant factors influencing RMM by considering four dimensions of organisational learning (OL): information acquisition, knowledge dissemination, shared interpretation and organisational memory. Method: We tested the theoretical model in construction companies in Kuala Lumpur and Selangor states, Malaysia. There were 1000 questionnaires dispatched by mail and email to managers in the targeted firms. The component-based approach, also known as the partial least square (PLS) method, was used for data analysis. Results: Hierarchical regression analysis affirmed the influence of ten variables of OL on RMM while controlling the influence of firm size. Regardless of the firm size, the identified factors of OL can play an important role in enhancing the ability of construction organisations to attain better risk management practice. Conclusion: Construction firms seeking higher RMM should consider OL practices. The identified ten factors of OL are considered the vehicle to move the organisations to a new level of maturity. Particularly, firms should focus on two aspects of OL: information acquisition and shared interpretation. It can be deduced, therefore, that the more a firm acquires and interprets information related to project risk, the higher level of RMM the firm can achieve. In addition, effective learning through information gathering and interpretation could have a positive impact on risk management practices.

中文翻译:

组织学习和公司规模对建筑公司风险管理成熟度的调节作用

背景:尚不清楚学习和风险管理成熟度(RMM)的组织实践是否根据公司规模而变化。建筑领域的文献缺乏关于企业规模对RMM的干预影响的实证研究。目的:本研究旨在通过考虑组织学习(OL)的四个维度来确定影响RMM的重要因素:信息获取,知识传播,共享解释和组织记忆。方法:我们在马来西亚吉隆坡和雪兰莪州的建筑公司中测试了理论模型。通过邮件和电子邮件向目标公司的经理分发了1000份问卷。基于组件的方法(也称为偏最小二乘(PLS)方法)用于数据分析。结果:层次回归分析确认了OL的十个变量对RMM的影响,同时控制了企业规模的影响。无论公司规模大小,确定的OL要素都可以在增强建筑组织获得更好的风险管理实践能力方面发挥重要作用。结论:寻求更高RMM的建筑公司应考虑OL做法。确定的OL的十个因素被认为是将组织提升到新的成熟水平的工具。特别是,公司应关注OL的两个方面:信息获取和共享解释。因此,可以推断出,企业获取和解释与项目风险相关的信息越多,企业可以实现的RMM越高。此外,
更新日期:2018-10-17
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