Staff View: Moderating role of organisational learning and firm size on risk management maturity in construction firms

Moderating role of organisational learning and firm size on risk management maturity in construction firms

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 fa...

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Main Authors:	Wang, Chen, Alashwal, Ali Mohammed, Asef, Arash, Abdul-Rahman, Hamzah, Wood, Lincoln Christopher
Format:	Article
Published:	African Online Scientific Information Systems 2018
Subjects:	TA Engineering (General). Civil engineering (General) TH Building construction
Online Access:	http://eprints.um.edu.my/20404/ https://doi.org/10.4102/sajbm.v49i1.320
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spelling	my.um.eprints.204042019-02-19T08:44:39Z http://eprints.um.edu.my/20404/ Moderating role of organisational learning and firm size on risk management maturity in construction firms Wang, Chen Alashwal, Ali Mohammed Asef, Arash Abdul-Rahman, Hamzah Wood, Lincoln Christopher TA Engineering (General). Civil engineering (General) TH Building construction 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. African Online Scientific Information Systems 2018 Article PeerReviewed Wang, Chen and Alashwal, Ali Mohammed and Asef, Arash and Abdul-Rahman, Hamzah and Wood, Lincoln Christopher (2018) Moderating role of organisational learning and firm size on risk management maturity in construction firms. South African Journal of Business Management, 49 (1). a320. ISSN 2078-5585 https://doi.org/10.4102/sajbm.v49i1.320 doi:10.4102/sajbm.v49i1.320
institution	Universiti Malaya
building	UM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaya
content_source	UM Research Repository
url_provider	http://eprints.um.edu.my/
topic	TA Engineering (General). Civil engineering (General) TH Building construction
spellingShingle	TA Engineering (General). Civil engineering (General) TH Building construction Wang, Chen Alashwal, Ali Mohammed Asef, Arash Abdul-Rahman, Hamzah Wood, Lincoln Christopher Moderating role of organisational learning and firm size on risk management maturity in construction firms
description	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.
format	Article
author	Wang, Chen Alashwal, Ali Mohammed Asef, Arash Abdul-Rahman, Hamzah Wood, Lincoln Christopher
author_facet	Wang, Chen Alashwal, Ali Mohammed Asef, Arash Abdul-Rahman, Hamzah Wood, Lincoln Christopher
author_sort	Wang, Chen
title	Moderating role of organisational learning and firm size on risk management maturity in construction firms
title_short	Moderating role of organisational learning and firm size on risk management maturity in construction firms
title_full	Moderating role of organisational learning and firm size on risk management maturity in construction firms
title_fullStr	Moderating role of organisational learning and firm size on risk management maturity in construction firms
title_full_unstemmed	Moderating role of organisational learning and firm size on risk management maturity in construction firms
title_sort	moderating role of organisational learning and firm size on risk management maturity in construction firms
publisher	African Online Scientific Information Systems
publishDate	2018
url	http://eprints.um.edu.my/20404/ https://doi.org/10.4102/sajbm.v49i1.320
_version_	1643691268556980224
score	13.211869

Moderating role of organisational learning and firm size on risk management maturity in construction firms

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