Developing enterprise risk management model for employees performance within Abu Dhabi National Oil Company (ADNOC) in UAE

Abstract

Increasing business volatility has revealed the inadequacy of traditional risk management approaches. Enterprise risk management (ERM) is the result of this integrated approach to risk measurement and management (ERM). ERM disclosures have previously been studied using a book-based approach, which did not provide accurate or complete information. But this paper looked at how risk management affects employee performance at the Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE). A questionnaire was used to gather data from 311 respondents operating in ADNOC. Smart-PLS is used to test the hypotheses underlying the proposed study. ERM was found to have a significant impact on employee productivity, according to the findings of the study. Employee performance was significantly influenced by ERM as an independent variable, which in turn was mediated by organisational culture (OC). Enterprise risk management implementation has a significant impact on the performance of oil and gas sector employees, according to the findings of this study. Additionally, the study's findings indicated a theoretical contribution to the field of enterprise risk management implementation. Furthermore, it demonstrated a practical improvement in the oil and gas sector's risk management and employee performance in the UAE's ADNOC National Petroleum Corporation.