Journal of Governance Risk Management Compliance and Sustainability
The focus and scope of JRGCS are but not limited to Principles and theory of risk assessment and management, Risk assessment policy, standards and regulations, Risk-based decision making and risk management, decision making and decision support systems for risk and disaster management on regional and global scales, Risk perception and communications, Risk assessment and control, Risk characterisation, Dynamic risk assessment, Integration of risk models and quantifications, Advanced concepts and information technologies in risk assessment and management, Integrated, risk assessment and safety management, Integrated risk assessment in developing and rapidly developing countries, Socio-economic, scientific and integrated approaches to sustainable development which consist of covering some issues/topic on: Development and realization of national policies and international treaties for sustainable development, Implementation and monitoring of policies for sustainable development, Changing consumption and production patterns, Developments in cultural diversity, tradition, social systems, globalization, immigration and settlement, and their impact on cultural or social sustainability, Ethical and philosophical aspects of sustainable development Education and awareness of sustainability, Impact of safety, security and disaster management on sustainability, Health-related aspects of sustainability, System analysis methods, including life cycle assessment and management, Sustainable Chemistry, Sustainable utilization of resources such as land, water, atmosphere and other biological resources, New and renewable sources of energy, Sustainable energy preservation and regeneration methods, Quasi-environmental sustainability – short term measures and their long term effects, Effects of global climate change on development and sustainability.
Articles
62 Documents
<![CDATA[Indicators of Sovereign Risk of South Africa’s International Monetary Fund Loan: The Nexus Between Political Risks and Economic Growth ]]>
<![CDATA[Mathebula, Ndzalama C.]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 1 (2024): April Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i1.2214
<![CDATA[Upon the approval of the 70 billion International Monetary Fund (IMF) loan for South Africa, concerns have emerged over the affordability of this loan and its impact on the economy and sovereignty of the country. South Africa’s ability to pay its IMF loan is assured because its track record of loan repayment is good, considering that the loan is repayable in five years at an interest rate of 1.1%. This study explores political and economic indicators of sovereign risk of South Africa’s IMF loan taken in 2020. The tenets of sovereign risk are being explored in a South African context. The significance of this study lies in understanding sovereign risk from a South African context and forecasting the country’s capacity and sustainability of servicing its IMF debt. This study presents a special and underexplored case of sovereign risk mainly due to 2020 being the first time South Africa has taken an IMF loan since the inception of a democracy in 1994. This qualitative study heavily relies on secondary literature, theories, and predictive forecasting models and is aided by descriptive statistics to reach its conclusion. Findings from the Council of Foreign Relations used the CFR Sovereign risk tracker designed to gauge the susceptibility of emerging economy to default on external debt.]]>
<![CDATA[Cigarette Company Classification and Environmental Uncertainty with Risk Management Mediation in Predicting Excise Tax Returns ]]>
<![CDATA[Zulkarnain, Abdul Malik]]>;
<![CDATA[Wati, Lela Nurlaela]]>;
<![CDATA[Wibowo, Martino]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 1 (2024): April Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i1.2247
<![CDATA[This research was conducted on the basis of the fact that the amount of excise returns as a deduction from state revenues from the excise sector is fluctuating and tends to increase over the last five years from 2018 to 2022. This research aims to conduct an analysis and obtain empirical evidence regarding the influence of Cigarette Company Classification on excise returns through the implementation of management. risks and the influence of Environmental Uncertainty on excise returns through the application of Risk Management. This research falls into the realm of quantitative research that adheres to a causality approach, the focus of which is testing cause-and-effect relationships between variables. Data collection and analysis were performed using quantitative methods, with a statistical testing approach through path analysis. The source of information used in this research comes from secondary data, namely financial report data from the Directorate General of Customs and Excise and Risk Management Values in the form of profiling tobacco products companies from 2015 to 2022. This research is different from previous research and shows a higher level of originality. because it uses Risk Management variables as mediators and utilizes a unique unit of analysis by adopting indicators of tobacco production capacity and the size of cigarette company capital ownership as a method for measuring company size variables.]]>
<![CDATA[Cryptocurrency Investment Risks and Perceived Usefulness: Basis of Cryptocurrency Risk Management Plan ]]>
<![CDATA[Zamoras, John Michael J.]]>;
<![CDATA[Dalumpines, Sheila S.]]>;
<![CDATA[Refugio, Joseph G.]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 1 (2024): April Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i1.2295
<![CDATA[The surging popularity of cryptocurrencies presents both opportunities and challenges. While some view it as the future of finance, others remain concerned about investment risks. This uncertainty creates difficulties for consumers and financial institutions. To address this gap, the study assessed consumer perceptions of cryptocurrency investment risks and perceived usefulness, aiming to identify new avenues for transactions and investments. Employing a quantitative descriptive approach, a survey was conducted among 150 individuals from two (2) cities in the Philippines using a validated instrument and the Technological Acceptance Model (TAM). Results showed that consumers perceived moderate risk across trust, privacy, security, and financial aspects. No significant demographic variations were found in risk perception or perceived usefulness. These findings suggest a generally positive consumer attitude toward cryptocurrency investment despite the risks. This implies the possibility of widespread adoption if expectations align with the technology’s actual capabilities. Ultimately, this study offers valuable insights into consumer decision-making, which can inform future risk management strategies in the cryptocurrency landscape. It focuses on a geographically under-researched population (Philippines). This research contributes valuable insights for policymakers and industry leaders developing strategies to promote responsible cryptocurrency adoption across diverse user groups, particularly in emerging markets.]]>
<![CDATA[The Role of Traditional Leadership in Rural Development in South Africa: An Analysis of the Dualistic Government System ]]>
<![CDATA[Monama, Sakiel Albert]]>;
<![CDATA[Mokoele, Ngoako Johannes]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 2 (2024): October Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i2.1943
<![CDATA[Rural areas in many developing countries face distinct development challenges that often require a nuanced understanding of local governance structures. In many rural areas, traditional leadership coexists with local government structures as custodians of governance, resulting in what can be termed a dualistic government system. The dualistic government system is evident where traditional leadership operates alongside the modern democratic government structures, which were established in the post-apartheid era to provide effective service delivery. However, in some cases, there have been clashes between local governments and traditional leadership in attempting to provide service delivery in the land still under the custodianship of chieftains, which hindered the effective provision of service in most rural areas. This paper examines the role of traditional leadership in rural development by focusing on the dualistic government system prevalent in chieftain-controlled areas, using the case of Motantanyane Village in Limpopo Province, South Africa. The paper was based on a mixed-methods (qualitative and quantitative) research approach, with a sample of 86 participants who were sampled on the basis of purposive sampling and systematic sampling designs. Semi-structured questionnaires and unstructured interviews were used to collect qualitative and quantitative data. The findings showed that traditional leadership is a cornerstone of rural development and that their leadership is essential for bringing about constructive change and promoting development within their communities. The paper concluded that despite its flaws, traditional leadership continues to be important and relevant in rural communities today, especially regarding protecting social traditions, customs, and cultural values. The paper recommended that the role of traditional leadership be redefined in legislative frameworks and that it be involved in all facets of rural development decision-making to create more effective and inclusive development that addresses the issues of chieftain-controlled communities.]]>
<![CDATA[An Empirical Analysis on Institutional Quality, Fiscal Policy and Debt Sustainability in Sub-Saharan Africa (SSA) ]]>
<![CDATA[Onyele, Kingsley]]>;
<![CDATA[Onyekachi-Onyele, Charity]]>;
<![CDATA[Ikwuagwu, Eberechi B.]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 2 (2024): October Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i2.2178
<![CDATA[Many Sub-Saharan African (SSA) countries are finding it difficult to fulfill their massive debt repayment obligations, which bilateral financial institutions have declared to be unmanageable. Government institutions are to blame for such disparities in the budgetary components, which have been empirically confirmed to be detrimental. Part of the reason for SSA's income generation and debt management problems is related to fiscal policy components where there has been an unwarranted exaggeration of government expenditure. Accordingly, the current study used a panel Autoregressive Distributed Lag (ARDL) to examine how fiscal policy and institutional quality affected the sustainability of debt in 48 SSA nations between 2008 and 2022. The study’s findings suggested that the elements of fiscal policy (expenditure and revenue) as well as indicators of institutional quality (governance), such as control of corruption, effectiveness of government, political stability, absence of violence, regulatory quality, the rule of law, voice, and accountability, were important in explaining the long-term sustainability of public debt. The speed of adjustment to the long-run equilibrium was slow, which may be related to the unstable governance in each of the cross-sectional nations. Hence, the study concluded that the interactive effects of institutional quality and fiscal policy significantly influenced debt sustainability in the long run. The study’s conclusions can be very helpful to policymakers, particularly in those nations where major fiscal and external imbalances are being generated by low ratings for key institutional quality indices.]]>
<![CDATA[Procedural Fairness in Budgeting and Employee Performance in The Context of Information Sharing ]]>
<![CDATA[Wangsa, Evelyn Stefanie]]>;
<![CDATA[SeTin, SeTin]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 2 (2024): October Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i2.2221
<![CDATA[Information sharing and procedural fairness are crucial for achieving business objectives through employee performance. The results of this research will help firm management make decisions about how to improve employee and company performance by upholding procedural fairness and increasing information sharing between superiors and subordinates. This research aims to examine the effect of procedural fairness on information sharing, the effect of information sharing on employee performance, and the mediating role of information sharing on the effect of procedural justice on employee performance. This study uses primary data collected through questionnaires. The sample consisted of 108 sub-manager level employees (services, trade, and manufacturing) selected based on a purposive sampling technique. Data analysis was conducted using the regression method. Data analysis findings indicate that procedural fairness affects employee performance, which is mediated by information sharing. If procedural justice is applied, communication will be better, especially regarding relevant information; this can improve employee . As demonstrated by empirical studies of Indonesian companies, there is currently no research that reveals the relationship between procedural fairness, information sharing, and employee performance. performance. However, cross-sectional studies have flaws because they frequently lack evidence of causal links between the variables they study. According to empirical studies on Indonesian organizations, no research has demonstrated a connection between procedural fairness, information sharing, and employee performance. Based on the results of the data analysis, it can be concluded that procedural fairness and information sharing positively related to employee performance.]]>
<![CDATA[Implications of Municipal Revenue Collection on Service Delivery in South Africa: Challenges and Recommendations ]]>
<![CDATA[Chauke, Khensani Richard]]>;
<![CDATA[Ronald, Chanthal]]>;
<![CDATA[Lepheana, Makofe Mokhachane]]>;
<![CDATA[Mamokhere, John]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 2 (2024): October Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i2.2309
<![CDATA[In South Africa, citizens have protested against inadequate services provided by municipalities across different provinces. It is argued that most protests were caused by poor service delivery, a lack of community engagement, corruption, mismanagement of public resources, lack of institutional capacity and unqualified personnel. Thus, this study evaluates the difficulties associated with revenue collection and its implications on service delivery. To assess this aim, the study adopted a qualitative research approach. This study reviewed secondary data from different databases. The study keywords were used to search for relevant studies. The study was analyzed using a thematic content approach. Moreover, the study adopted two theoretical frameworks namely; ability to pay and the benefits theory. The key findings of this study include substantial difficulties in revenue collection, which in turn affect the provision of services. Poor service delivery is continuously caused by a lack of sufficient financial resources and ineffective revenue collection mechanisms. This study indicates a significant link between low revenue collection and inadequate service delivery. The recommendations of this study to municipalities include employing qualified officials, creating rebates and discounts for paying consumers, regularly examining critical credit regulations, guaranteeing high-quality service, and boosting revenue collection in light of these findings.]]>
<![CDATA[Unveiling The Impact of Green Accounting and Sustainability Disclosure On The Firm Value ]]>
<![CDATA[Alaika, Abdullah Aziz]]>;
<![CDATA[Firmansyah, Amrie]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 2 (2024): October Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i2.2436
<![CDATA[This study examined the impact of green accounting and sustainability disclosure on firm value in the Indonesian palm oil industry. The objective was to empirically assess how environmental performance measured by PROPER and sustainability reports affects firm value. Using quantitative research methods, the study analyzed data from 124 palm oil company observations listed on the Indonesia Stock Exchange from 2018 to 2022. The research variables included firm value proxied by Tobin’s Q, green accounting proxied by PROPER scores, and sustainability disclosure indexed from the companies’ sustainability reports. The study also included profitability, firm size, and leverage as control variables. The results indicated that green accounting had a negative impact on firm value, suggesting that environmental compliance imposes short-term financial burdens on companies. However, sustainability disclosure did not significantly influence firm value, indicating that investors in the palm oil industry may prioritize short-term financial performance over long-term sustainability considerations. These findings contribute to the literature on corporate governance and sustainability, particularly in industries with high environmental impact, like palm oil.]]>
<![CDATA[Sustainability Awareness and Behavior of Management Accounting Students: Basis for Course Activity Development ]]>
<![CDATA[Dela Cruz, John Jay]]>;
<![CDATA[Foronda, Leanne Joy]]>;
<![CDATA[Lucas, Mary Grace]]>;
<![CDATA[Mabborang, Kamilah Mae]]>;
<![CDATA[Sisperez, Auguste Anthony]]>;
<![CDATA[Catacutan, Karen Joy]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 2 (2024): October Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i2.2543
<![CDATA[Sustainability refers to both the planet’s health and humanity’s future well-being, encompassing actions humans take to prevent the depletion of natural resources. Education for Sustainable Development (ESD) plays a vital role in course curricula by helping students develop critical thinking, decision-making, socio-emotional, and behavioral skills. This study examined the awareness and behavior of BS Management Accounting (BSMA) students regarding the three pillars of sustainability as well as the relationship between sustainability education and their awareness and behavior. Using the Knowledge-Attitudes-Practices (KAP) and Knowledge-Attitude-Behavior (KAB) frameworks, this quantitative descriptive research collected data from 349 out of 399 BSMA students (87.47% participation rate) enrolled during SY 2023–2024 at the University of Saint Louis, Northern Philippines. The results revealed that students were generally aware of sustainability and exhibited positive attitudes toward sustainable practices. Enrollment in the SASA 1013 course significantly increased sustainability awareness, but neither year level nor course enrollment had a significant impact on actual sustainability behavior. This study offers insights into the relationship between students’ sustainability awareness and their behavior across the three sustainability pillars. The novelty of this research lies in its focus on BSMA students and the specific role of the SASA 1013 course in fostering sustainability awareness. The study concludes with recommendations for curriculum development and policy initiatives to further promote students’ long-term sustainability awareness and behavior.]]>
<![CDATA[A Systematic Review of Alternative Service Delivery in Africa for Taming Wicked Risks ]]>
<![CDATA[Nel-Sanders, Danielle]]>
<![CDATA[ Journal of Governance Risk Management Compliance and Sustainability Vol. 4 No. 2 (2024): October Volume ]]>
Publisher : <![CDATA[Center for Risk Management & Sustainability and RSF Press ]]>
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DOI: 10.31098/jgrcs.v4i2.2555
<![CDATA[This research considers the role that alternative service delivery can play in addressing wicked problems. The aim of this research is, firstly, to determine which evidence and knowledge are available on alternative service delivery arrangements relevant to African countries to inform decisions about addressing wicked problems on the continent. Second, this research determines suitable mechanisms for an alternative service delivery model for mitigating wicked risks in Africa. This research is based on a systematic literature review. This systematic literature review reveals that most work on alternative service delivery has been done in developed countries, with developing African countries being left behind in research on alternative service delivery. Furthermore, most of the alternative service delivery efforts have not focused on addressing wicked problems. A large number of articles on alternative service delivery models show that alternative delivery is not a preferred approach in Africa. This research recommends an alternative service delivery model that is based on digital governance, service delivery innovation and partnerships. Robust governance responses are needed to mitigate these wicked risks, and alternative service delivery presents robust features to mitigate these risks given that it is more flexible, agile, adaptable, and decentralized in nature than simply relying on traditional government responses. Lastly, risk-informed decision-making should be placed at the center of the reform agenda for a smart and sustainable society.]]>
