International Journal of Business Continuity and Risk Management (7 papers in press)

Regular Issues

• Critical Success Factors to Promote Enterprise Risk Management and Business Performance in Pharmaceutical Companies: a Systematic Review  
  by Xing Su, Siew Chin Ong 
  Abstract: This study identifies the critical success factors(CSFs) influencing enterprise risk management (ERM), and business performance in the pharmaceutical industry. Expectedly, all identified CSFs were designed to have a positive impact on the implementation of ERM. Consequently, we developed a comprehensive research framework to guide future research. Given the scale of the systematic review, we identified via a thorough screening process a carefully selected compendium of research articles. After extracting and analysing the relevant information from these papers, we rightly identified and highlighted that the survey was the most recognized and predominant research method, emphasized five commonly used CSFs and several business performance indicators. Besides, this study recognized effective tools for evaluating ERM systems. By integrating these insights, this research established a fundamental framework that addressed gaps in the fragmented literature, which previously lacked an integrated analysis of interrelationships, and proposed several specific opportunities for future research.
  Keywords: Critical success factor; enterprise risk management; Tobin's ; Enterprise Risk Management Index; pharmaceutical company.
  DOI: 10.1504/IJBCRM.2026.10077878
   
  
• Evaluating the Effectiveness of Business Continuity Management Practices in Hotels: Evidence from Surigao del Sur, Philippines  
  by Gretchen Yarra Erno  
  Abstract: In today's turbulent global climate, the hotel business must respond to crises in order to maintain resilience and sustainability. This study assesses the effectiveness of Business Continuity Management (BCM) methods in the hotel industry in Surigao del Sur, Philippines, an area prone to numerous disruptions. Using a descriptive study approach, data were collected from 28 hotels using a Likert-scale questionnaire completed by management and employees. The findings show that, while certain policies, such as freezing capital expenditures and reallocating funds, were successfully implemented, gaps exist in areas such as stress testing of important resources and research assistance. The report emphasizes the importance of continual development in BCM methods and suggests that hotels form proactive risk management teams and incorporate scientific findings into their crisis preparedness and response plans.
  Keywords: Business Continuity Management; effectiveness,hotel industry; resilience; crisis response.
  DOI: 10.1504/IJBCRM.2026.10077961
   
  
• A brief review of the role of leadership in building organisational resilience  
  by Nelson Tonui, Abubaker Qutieshat 
  Abstract: This work shows a global consensus that organisational leadership plays a significant role in building organisational resilience. Positive organisational leadership brings together all components needed by an organisation to effectively function and successfully navigate tumultuous times. Studies reveal how organisational leadership can be examined through an individuals traits lens or from a process perspective and how it mediates organisational resilience with other factors such organisational culture, diversity, and technological advances. Findings from various sectors of the economy confirm the universal need for organisations to be resilient. This study provides insights on the extent to which leadership plays a role in building organisational resilience. It also identifies gaps that need to be addressed through future empirical research studies.
  Keywords: organisation resilience; leadership; leadership styles.
  DOI: 10.1504/IJBCRM.2026.10078014
   
  
• Business Continuity Perception in Gastronomy Businesses: A Quantitative Study on Corporate Capacity, Digital Infrastructure, and Operational Resilience  
  by Murat Do?an 
  Abstract: This study aims to quantitatively measure the perception levels of business continuity among managers in the Turkish foodservices sector. A survey was administered to 315 managers using the Perceived Organizational Business Continuity (POBC) scale adapted for the gastronomy sector. The findings show that business continuity perception is significantly higher in businesses with international management structures, strong IT infrastructure, and high personnel capacity. Small-scale businesses, however, remain operationally vulnerable to crises. Furthermore, the responsibility for food safety did not have a significant impact on perceptions of business continuity. The findings reveal that business continuity should be addressed not only procedurally but also as a management approach based on corporate maturity and digital competence. This research enriches the literature by confirming the theoretical validity of the scale in gastronomy; in practice, the findings suggest prioritizing digital and corporate investments in business continuity strategies. Overall, business continuity management is vital for sectoral resilience.
  Keywords: Business continuity; Foodservices; Gastronomic business management; Organizational resilience; Operational continuity; Kitchen performance; Crisis adaptation.
  DOI: 10.1504/IJBCRM.2026.10078581
   
  
• Environmental, Social, and Governance Ratings: Exploring Domain Knowledge and Its Association with Financial Performance  
  by Gurmeet Singh, Surinder Kaur 
  Abstract: Environmental, Social, and Governance (ESG) ratings have become major metrics of corporate sustainability and ethical behaviour, heavily impacting financial performance and governance measures. This research performs bibliometric and content analysis on 89 Scopus-indexed papers published during 2010-2024 to map changing research trends connecting ESG ratings with financial performance. Empirical evidence indicates a high increase in publications post-2017, manifesting an increased focus on ESG in investment and decision-making. European nations dominate academic contributions, focusing on governance and sustainability standards. Four clusters of themes manifest: the relationship between ESG and financial performance, sustainable investment, standardising ratings, and the role of CSR in affecting firm value. From the governance point of view, ESG indicators improve transparency, risk management, and stakeholder trust. The research synthesizes current knowledge while identifying future research directions in rating consistency, emerging markets, and strategic governance integration.
  Keywords: Corporate Governance; Environmental Sustainability; ESG Ratings; Financial Performance.
  DOI: 10.1504/IJBCRM.2026.10078599
   
  
• Bankruptcy Risk Prediction Models: A Systematic Literature Review and Bibliometric Analysis  
  by Payal Kedia, Lokanath Mishra 
  Abstract: Predicting bankruptcy risk is crucial for a variety of stakeholders, including investors, creditors, financial experts, and corporate executives. By identifying businesses that could be financially unstable, the ability to effectively estimate bankruptcy risk helps investors make well-informed decisions and perhaps avoid suffering large losses. Therefore, it is important to investigate the research trend in bankruptcy risk prediction models. Using a comprehensive search of the Scopus database, this study analysed 402 research papers published between 1994 and 2025 in seven prediction models including the Altman Z score, the Ohlson, the Springate, the Zmijewski, the Taffler, the Grover and the Feltham model. We use a range of approaches, such as publication trends, the citation network, methodological analysis, content analysis, and keyword analysis, to identify significant work in the bankruptcy risk prediction area. Bibliometric analysis was performed using R software. In addition to identifying relevant areas that need more investigation, this study will help managers, creditors, regulators, investors, policymakers, and academic researchers comprehend various risk prediction models to monitor the financial health of the organisation and identify relevant areas that need more investigation.
  Keywords: Bibliometric Analysis; Systematic Literature Review; Content Analysis; Bankruptcy; Risk Models.
  DOI: 10.1504/IJBCRM.2026.10078638
   
  
• The Connection Between Strategic Objectives Achievement and Risk Management Awareness: Division-Level Perceptions of Human Resources  
  by Seraphine M. Gamma, Chaerul Djakman 
  Abstract: The findings show that higher risk management awareness is associated with stronger alignment between employees decisions and their strategic objectives, supporting COSOs view that risks and opportunities form an integrated behavioural process rather than separate constructs. Drawing on the theory of planned behaviour and agency theory, the results indicate that awareness functions as a cognitive mechanism that encourages proactive, accountable behaviour, thereby reducing agency issues at the operational level. The study highlights the need to strengthen risk culture across divisions and ensure that employees understand how their actions contribute to strategic objectives. Practical implications suggest that organisations, particularly those not formally required to implement ERM can enhance performance by embedding risk-aware decision making at the employee level.
  Keywords: Risk Management Awareness; Strategic Objectives; COSO ERM 2017; PLS-SEM; Risk-Aware Culture.
  DOI: 10.1504/IJBCRM.2026.10079001