Analysis of Risk Management and Performance of SOEs in Infrastructure Services During COVID-19

Busmart Zuriantomy ()
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Busmart Zuriantomy: Hasanuddin University

A chapter in Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022), 2023, pp 285-296 from Springer

Abstract: Abstract The COVID-19 pandemic has changed corporate governance substantially. In Indonesia, which is building infrastructure, relies heavily on State-owned Enterprises (SOEs) in the service sector. This study aims to analyze the risk management function and its effect on company performance by comparing before and during the pandemic. Variables used to measure the effect are project innovation, and project life-cycle on company performance. This research uses Structural Equation Model with Partial Least Square technique. The results show that research model has a good fit with the SRMR value of 0.076 and the Normed Fit Index (NFI) showing a value of 0.627. The final result of this study is to answer all hypotheses about the performance of SOEs in the infrastructure sector before and during the pandemic. This study finds that risk management has a significant impact on project innovation, project life-cycle, company performance. As for project life-cycle, it influences innovation and company performance considerably. This study also confirms that innovation has a significant effect on company performance.

Keywords: infrastructure services; risk management; project life-cycle; project innovation; company performance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-146-3_30

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DOI: 10.2991/978-94-6463-146-3_30

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