- Title
- Managing risk and enhancing corporate sustainability in the Australian extractive sector : An exploratory study of leading mining and oil & gas firms in Australia
- Creator
- Andeobu, Lynda
- Date
- 2016
- Type
- Text; Thesis; PhD
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/157613
- Identifier
- vital:11620
- Identifier
- https://library.federation.edu.au/record=b2721548
- Abstract
- Risk is an unavoidable issue in most activities of life, including business. Risk-management is increasingly a hot-button issue for stakeholders and the general public. As such, it is of rising importance in the high-risk extractive industries of mining and oil & gas. Specifically, risk-management can help firms reduce business failure-rates and enhance corporate sustainability. However, the integration of risk-management and corporate sustainability within planning, financing, and operations remains a key challenge for the sector. This research seeks to fill this gap by investigating and evaluating the current use of risk-management by extractive-sector firms to add value to stakeholders. Given that risk- management and its impact on corporate sustainability is enormous, this study will provide useful insights into the risk-management practices undertaken by extractive-sector firms in Australia and how cost-effective risk-management practices contribute to the overall enhancement of financial performance, stakeholder value and corporate sustainability of those firms. This study, after drawing data from Australia’s top 10 mining/metals firms and top 10 energy/utilities firms, uses: i) Questionnaires to give a background/context for the study, and ii) Interviews to further probe issues raised and gain a deeper understanding. The analysis in this study found that risk-management practices are: i) Perceived by management practices to contribute significantly to financial performance, stakeholder value and corporate sustainability of their firms ii) Very similar across mining firms and those in oil & gas, and iii) Too limited in application in the extractive-sector and should be extended beyond traditional hazards. Overall, it was found that risk-management systems appear to be comparable across Australia’s large mining firms and oil & gas firms. However, at a detailed level, these basic systems and structures of risk-management are adjusted and adapted to meet specific needs, corporate strategies, organisational objectives and environmental pressures. NOTE: At the request of the author, Chapters 2-12 and Appendix 7 have been removed.; Doctor of Philosophy
- Publisher
- Federation Business School
- Rights
- Copyright Lynda Andeobu
- Rights
- This metadata is freely available under a CCO license
- Subject
- Risk management; Corporate sustainability; Australia; Extractive sector; Mining
- Full Text
- Thesis Supervisor
- Hettihewa, Samanthala
- Hits: 3163
- Visitors: 2841
- Downloads: 459
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE3 | Australian Digital Thesis | 2 MB | Adobe Acrobat PDF | View Details Download |