Empowering higher education: the tech advantage in work coordination and risk management for financial growth

Rauf, UAA, Ahmed, S, Deli, MM, Asha’ari, MJ, Jamil, AH, Bangaan, MHSB and Abdullah, SINW ORCID: https://orcid.org/0000-0001-7249-8512, 2024. Empowering higher education: the tech advantage in work coordination and risk management for financial growth. Journal of Applied Engineering and Technological Science (JAETS), 6 (1), pp. 641-655. ISSN 2715-6087

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Abstract

This study examined the relationship of work coordination and Enterprise Risk Management on financial performance in Malaysian public higher education (PHEs). It addresses the gaps on how work coordination and ERM could mitigate financial challenges such as dependence on tuition fees and limited government funding. The responses from 350 key informants across 20 Malaysian PHEs were analyzed using SEM analysis. The findings reveal that work coordination significantly enhances ERM implementation, and ERM implementation positively influence the financial performance, ERM also act as a mediator variable, which has a greater effect on financial performance through work coordination. The findings support the strategic role of ERM in facilitating links between organizational capabilities and financial sustainability. It thus practically recommends increasing capacity through governance structures, investing in digital tools for risk management, and engaging leaders to improve ERM effectiveness. Theoretically, this study extends the Resource-Based View, placing ERM as that critical resource that would turn coordinated efforts into measurable financial outcomes. This study closes the literature gap in risk management in higher education by integrating work coordination and ERM within a comprehensive model of financial sustainability that has pragmatic implications for policymakers and leaders of institutions in strengthening resilience within resource-constrained educational contexts.

Item Type:	Journal article
Publication Title:	Journal of Applied Engineering and Technological Science (JAETS)
Creators:	Rauf, U.A.A., Ahmed, S., Deli, M.M., Asha’ari, M.J., Jamil, A.H., Bangaan, M.H.S.B. and Abdullah, S.I.N.W.
Publisher:	Yayasan Riset dan Pengembangan Intelektual
Date:	2024
Volume:	6
Number:	1
ISSN:	2715-6087
Identifiers:	Number Type 10.37385/jaets.v6i1.6364 DOI 2428988 Other
Rights:	The author retains the copyright and the publishing rights for his article without any restrictions. Articles in this journal are published under the Creative Commons Attribution Licence (CC BY-SA 4.0)
Divisions:	Schools > Nottingham Business School
Record created by:	Laura Borcherds
Date Added:	23 Apr 2025 09:57
Last Modified:	23 Apr 2025 09:57
URI:	https://irep.ntu.ac.uk/id/eprint/53436

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