MODERATING EFFECTS OF RISK MANAGEMENT FUNCTION ON DETERMINANTS OF ENTERPRISE RISK MANAGEMENT IMPLEMENTATION IN MALAYSIAN OIL AND GAS SECTOR: A CONCEPTUAL FRAMEWORK

Abstract Enterprise Risk Management (ERM) has been recently acknowledged as one way out of economic crises the world is experiencing. As it has accounted for some business success stories after the 2008 global financial crises. Despite all the good experience, oil and gas sectors of the global economy are still suffering from emerging risk incidences such as dwindling oil prices, pipeline explosions, refinery shut down, staff trips and falls and new regulations. Malaysian oil and gas sector is not an exception, as it has faced and still facing some of these risky turbulances. Previous studies conducted on ERM in Malaysia were mostly on financial institutions, manufacturing sector, measuring performance and firm’s value analysis. It is against this backdrop, in which this paper develops a conceptual framework for a study to be conducted in the future. The research gap is by taking a departure from all those saturated areas to the petroleum industry with concern to ERM implementation intensity, particularly the oil and gas sector in Malaysia. The postulated determinant variables to be examined in the study are firm characteristics, information technology, staff capacity and regulatory framework, using risk management function as a moderating variable, involving major oil and gas industry players, namely Petronas and Hess Corporation. Research significance and the scope of the study were also explained in the paper. Keywords: Implementation, Drivers, Enterprise-Risk-Management, Risk, and Oil-and-Ga

Motivating Tacit Knowledge Sharing: The Role of Perceived Value of Knowledge and Organizational Citizenship Behavior

Purpose: This study investigates the challenge of retaining and sharing tacit knowledge during employee transitions in organizations, with a specific focus on software developers' motivations. We examine two key motivational beliefs: the perceived value of knowledge and organizational citizenship behavior (OCB), and their influence on sharing intentions. Additionally, we explore how these beliefs shape attitudes, subsequently affecting intentions regarding tacit knowledge sharing.   Theoretical Framework: Grounded in the Theory of Reasoned Action (TRA), our research underscores the pivotal role of beliefs in shaping attitudes and intentions related to tacit knowledge sharing. Beliefs, encompassing the Perceived Value of Knowledge and OCB, play a significant role in molding attitudes. Using structural equation modeling, we analyze data collected from 197 software developers, employing confirmatory factor analysis to validate our measurement model and structural model analysis to explore relationships.   Findings: Our findings indicate that software developers are indeed willing to share their tacit knowledge, with their willingness positively influenced by the perceived value of tacit knowledge and engagement in OCB. Attitudes towards sharing tacit knowledge act as mediators in the relationship between these beliefs and sharing intentions.   Implications: In practical terms, organizations can foster tacit knowledge sharing by promoting positive attitudes, recognizing knowledge's perceived value, and cultivating a culture that encourages OCB. This facilitates a conducive environment for sharing, further enhanced by acknowledging and rewarding employees who exhibit OCB. Theoretical implications align with the Theory of Reasoned Action, emphasizing the role of attitude in shaping intentions. Our research contributes uniquely by exploring the underrepresented relationship between perceived knowledge value and tacit knowledge sharing, introducing a novel approach by examining the combined impact of OCB and perceived value. These insights are valuable for organizations looking to cultivate a culture of tacit knowledge sharing, driving innovation and enhancing performance

Factor Retention Decisions in Exploratory Factor Analysis Results: A Study Type of Knowledge Management Process at Malaysian University Libraries

Structural equation modeling (SEM) is a versatile statistical modeling tool which uses in the social sciences research. Recently, in Library and Information Science (LIS) environment, structural equation modeling has gained popularity across many disciplines, due to its generality and flexibility. Its estimation techniques, modeling capabilities and breadth of application are expanding rapidly.This paper reported a structural equation modeling through an Exploratory Factor Analysis (EFA) result, which involves 300 lead users at six selected Malaysian university libraries through survey. The decision of how many factors to retain is a critical component of exploratory factor analysis. Evidence is presented that parallel analysis is one of the most accurate factor retention methods. SPSS 20 was utilized to analyze the factor analysis data. In this regards, the results of EFA could provide empirical evidence of each hypotheses construct. It is hoped that the EFA results could be used to level Confirmatory Factor Analysis (CFA) to perform full Structural Equation Modeling.© 2013 The Authors. Copyright for this article is retained by the author(s), with first publication rights granted to the journal. This is an open-access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/3.0/).fi=vertaisarvioitu|en=peerReviewed

The relevance of Islamic micro-finance in achieving the sustainable development goals

Despite the impressive score card of the Millennium Development Goals (MDGs), it goes to suggest that the Sustainable Development Goals (SDGs) requires targeted efforts in reaching the most vulnerable people worldwide. In Muslim societies, Islamic Micro-finance has been regarded as an important tool for the empowerment of poor people especially women, towards developing micro enterprises. The main objective of this study is to explore the conceptual framework on the relevance of Islamic Microfinance in achieving the SDGs. This study identifies different products of Islamic Micro-finance used to address diverse deprivations, leading to individual’s personal development, increased productivity and income, and participation in economic and social life. The methodology of this study is based on analysis of relevant literatures. The finding of the study indicates that Islamic Micro-finance is a growing market niche with potentials to develop human capabilities towards empowerment, knowledge and skills, self-reliance and social cohesion. The empowerment enables the clients to manage their economic life effectively and reduce stress.peer-reviewe

Psychosocial Workplace Hazards and Workers' Health in Factory Sector

Nowadays, issues on psychosocial workplace hazards have become a hot topic. However, only a small amount of research has been conducted in Malaysia. The purpose of this study is to determine the relationship between psychosocial workplace hazards and workers' health which is measured using Body Mass Index (BMI) as well as mental health. Two research hypotheses related to psychosocial workplace hazards, i.e. Body Mass Index (BMI) and mental health were examined. In this study, 105 workers were selected randomly from factories located in Klang, Selangor, and questionnaires were distributed to them. The result revealed that there is a significant relationship between psychosocial workplace hazards and BMI, while there is no significant relationship between psychosocial workplace hazards and mental health. This study serves as a guideline for organisations concerning the relationship between psychosocial workplace hazards with workers' health

Local wisdom in economic practice: An empowerment Fiqh analysis of the tesang tradition of the Buginese and Makassarese

This article explores the role of tesang, a local practice, as an approach to economic empowerment amongst the Buginese and Makassarese of South Sulawesi. Tesang not only promotes the division of profits between investors and laborers but also continued efforts to improve the local economy. This article’s analysis relies on data collected through observations and interviews as well as a review of the literature. This study emphasizes that tesang is not only an economic practice but also a co mmitment to maintaining Buginese and Makassarese society in a manner that reflects the teachings of Islam. This local wisdom-based approach to empowerment may be used to realize collective empowerment and success. As such, even though it does not follow any formal structure, tesang has a real and tangible effect on society. This study recommends that future research take an in-depth approach that recognizes tesang not only as a means of empowerment but also as a foundation for strong linkages through which society’s increasingly complex demands can be fulfilled

Scaling up community mobilisation through women's groups for maternal and neonatal health: experiences from rural Bangladesh

Background: Program coverage is likely to be an important determinant of the effectiveness of community interventions to reduce neonatal mortality. Rigorous examination and documentation of methods to scale-up interventions and measure coverage are scarce, however. To address this knowledge gap, this paper describes the process and measurement of scaling-up coverage of a community mobilisation intervention for maternal, child and neonatal health in rural Bangladesh and critiques this real-life experience in relation to available literature on scaling-up.Methods: Scale-up activities took place in nine unions in rural Bangladesh. Recruitment and training of those who deliver the intervention, communication and engagement with the community and other stakeholders and active dissemination of intervention activities are described. Process evaluation and population survey data are presented and used to measure coverage and the success of scale-up.Results: The intervention was scaled-up from 162 women's groups to 810, representing a five-fold increase in population coverage. The proportion of women of reproductive age and pregnant women who were engaged in the intervention increased from 9% and 3%, respectively, to 23% and 29%.Conclusions: Examination and documentation of how scaling-up was successfully initiated, led, managed and monitored in rural Bangladesh provide a deeper knowledge base and valuable lessons.Strong operational capabilities and institutional knowledge o

PET and polyolefin plastics supply chains in Michigan: present and future systems analysis of environmental and socio-economic impacts

Many actions are underway at global, national, and local levels to increase plastics circularity. However, studies evaluating the environmental and socio-economic impacts of such a transition are lacking at regional levels in the United States. In this work, the existing polyethylene terephthalate and polyolefin plastics supply chains in Michigan were compared to a potential future (‘NextCycle’) scenario that looks at increasing Michigan’s overall recycling rate to 45%. Material flow analysis data was combined with environmental and socio-economic metrics to evaluate the sustainability of these supply chains for the modeled scenarios. Overall, the NextCycle scenario for these supply chains achieved a net 14% and 34% savings of greenhouse gas (GHG) emissions and energy impacts, when compared with their respective baseline values. Additionally, the NextCycle scenario showed a net gain in employment and wages, however, it showed a net loss of revenue generation outside of Michigan due to the avoided use of virgin resins in Michigan

Long-term exposure to particulate matter and all-cause and cause-specific mortality in an analysis of multiple Asian cohorts

Background: Exposure to ambient air pollution is associated with a significant number of deaths. Much of the evidence associating air pollution with adverse effects is from North American and Europe, partially due to incomplete data in other regions limiting location specific examinations. The aim of the current paper is to leverage satellite derived air quality data to examine the relationship between ambient particulate matter and all-cause and cause-specific mortality in Asia. Methods: Six cohorts from the Asia Cohort Consortium provided residential information for participants, recruited between 1991 and 2008, across six countries (Bangladesh, India, Iran, Japan, South Korea, and Taiwan). Ambient particulate material (PM2·5) levels for the year of enrolment (or 1998 if enrolled earlier) were assigned utilizing satellite and sensor-based maps. Cox proportional models were used to examine the association between ambient air pollution and all-cause and cause-specific mortality (all cancer, lung cancer, cardiovascular and lung disease). Models were additionally adjusted for urbanicity (representing urban and built characteristics) and stratified by smoking status in secondary analyses. Country-specific findings were pooled via random-effects meta-analysis. Findings: More than 300,000 participants across six cohorts were included, representing more than 4-million-person years. A positive relationship was observed between a 5 µg/m (Dockery et al., 1993) increase in PM2·5 and cardiovascular mortality (HR: 1·06, 95 % CI: 0.99, 1·13). The additional adjustment for urbanicity resulted in increased associations between PM2.5 and mortality outcomes, including all-cause mortality (1·04, 95 % CI: 0·97, 1·11). Results were generally similar regardless of whether one was a current, never, or ex-smoker. Interpretation: Using satellite and remote sensing technology we showed that associations between PM2.5 and all-cause and cause-specific Hazard Ratios estimated are similar to those reported for U.S. and European cohorts. Funding: This project was supported by the Health Effects Institute. Grant number #4963-RFA/18–5. Specific funding support for individual cohorts is described in the Acknowledgements