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RISK MANAGEMENT IN MULTI-SECTOR
PARTNERSHIPS IN SAUDI ARABIA: A
GOVERNANCE PERSPECTIVE
Thesis Submitted in Partial Fulfillment of the Requirements for the Award of the
Degree of

MASTER OF BUSINESS ADMINISTRATION
BY

DINA MANSOUR ALSHEHRI

Under Supervision
Dr. Asra Inkesar

COLLEGE OF ADMINISTRATIVE AND FINANCIAL SCIENCES
SAUDI ELECTRONIC UNIVERSITY
2024-2025

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Declaration Certificate
The work entitled, ‘‘Put Your Title of Thesis Here’’, embodies the results of the original
research work carried out by me in the College of Administrative and Financial Sciences,
Department of Business Administration Saudi Electronic University. This research work has
not been submitted in part or full for the award of any other degree at SEU or any other
university.

Date: – ______________________

(Signature)

Place: – ______________________

(Full Name of the Candidate)

ii
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Acknowledgement (Optional)
The acknowledgement for thesis is the section where you thank all people, institutions, and
companies that helped you complete the project successfully. It is similar to a dedication, except
for the fact that it is formal.

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TABLE OF CONTENTS
Contents
Declaration Certificate …………………………………………………………………………………………………………….. ii
CHAPTER 1: INTRODUCTION…………………………………………………………………………………………… 1
1.1. General Introduction ……………………………………………………………………………………………………… 1
1.2. Research Questions ……………………………………………………………………………………………………….. 3
1.3. Research Objectives………………………………………………………………………………………………………. 3
1.4. Significance of the Study ……………………………………………………………………………………………….. 4
1.4.1. Managerial Relevance……………………………………………………………………………………………… 4
1.4.2. Scientific Relevance ……………………………………………………………………………………………….. 4
CHAPTER 2: REVIEW OF LITERATURE ………………………………………………………………………….. 7
2.1 Risk Management ………………………………………………………………………………………………………….. 7
2.1.1 Commitment ………………………………………………………………………………………………………………. 8
2.3 Effectiveness of Risk Management in Multi-Sector Partnerships ……………………………………….. 10
2.4 Theories of study …………………………………………………………………………………………………………. 11
2.5. Hypotheses…………………………………………………………………………………………………………………. 12
CHAPTER 3: THE METHODOLOGY ……………………………………………………………………………….. 15
3.1 Research Approach ………………………………………………………………………………………………………. 15
3.2 Research Design ………………………………………………………………………………………………………….. 15
3.3 Participants and Sample ………………………………………………………………………………………………… 16
3.4 Data Collection ……………………………………………………………………………………………………………. 16
3.5 Data Analysis ………………………………………………………………………………………………………………. 16
3.6 Ethical Considerations ………………………………………………………………………………………………….. 18
CHAPTER 4:ANALYSIS AND RESULTS ………………………………………………………………………….. 20
4.1 Result …………………………………………………………………………………………………………………………. 20
4.1.1 Demographic characteristics ……………………………………………………………………………………….. 20
4.2 Correlation Analysis ……………………………………………………………………………………………………. 30
4.3 Multiple Regression Analysis ………………………………………………………………………………………… 32
CHAPTER 5: DISCUSSION AND CONCLUSION ……………………………………………………………… 35
5.1. Discussion ………………………………………………………………………………………………………………….. 35
5.2. Conclusion …………………………………………………………………………………………………………………. 39

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5.3. Managerial Relevance………………………………………………………………………………………………….. 40
5.4. Scientific Implications …………………………………………………………………………………………………. 41
5.5. Limitations and Scope for Future Research …………………………………………………………………….. 41
References:………………………………………………………………………………………………………………………….. 44
Questionnaire ……………………………………………………………………………………………………………………… 50

LIST OF TABLES

TABLE (4-1): Demographic characteristics………………………………………………………….21
Table (4-2): Commitment to Risk Management in Cross-Sector Partnerships (Descriptive statistics) . 25
Table (4-3): Planning and Development – Risk Management Framework Design in Cross-Sector
Partnerships (Descriptive statistics) …………………………………………………………………………………………. 26
Table (4-4): Implementing Risk Management Approach in Cross-Sector Partnerships (Descriptive
statistics) ……………………………………………………………………………………………………………………………… 27
Table (4-5): Monitoring and Reviewing Risk Management in Cross-Sector Partnerships (Descriptive
statistics) ……………………………………………………………………………………………………………………………… 29
Table (4-6) Improving Risk Management in Cross-Sector Partnerships (Descriptive statistics)
30
Table (4-7): Correlation Analysis ……………………………………………………………………………………………. 31
Table (4-8): Multiple Regression Analysis ……………………………………………………………………………….. 32

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LIST OF FIGURES

Figure 1: Graph of a variable of gender ………………………………………………………………………………….. 21
Figure 2: Graph of a variable of Age ………………………………………………………………………………………. 22
Figure 3: Graph of a variable of Educational Level ………………………………………………………………….. 22
Figure 4: Graph of a variable of Job Title ……………………………………………………………………………….. 23
Figure 5: Graph of a variable of Professional Experience …………………………………………………………. 23
Figure 6: Graph of a variable of Organizational Type ………………………………………………………………. 24
Figure 7: Graph of a variable of Organizational Size

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24

Abstract
Background: – Cross-sector collaborations are now crucial for tackling complex issues in a
time of growing interconnectedness and complexity. However, a strong framework for risk
management is crucial to the success of these partnerships. According to studies, inadequate
governance and mismatched risk strategies account for over 60% of cross-sector project
failures. This emphasizes the importance of investigating cross-sector collaborative risk
management, which makes this study essential for improving joint venture performance,
accountability, and resilience.
Purpose:- This research aimed to investigate the effectiveness of risk management practices
within cross-sector partnerships. The study focused on answering the following questions:
1. To what extent does institutional commitment affect the effectiveness of risk
management in multi-sector?
2. How does planning and developing a risk management framework contribute to
improving the effectiveness of risk management?
3. What is the impact of implementing a risk management approach on the effectiveness
of risk management and mitigation of operational risks?
4. To what extent do monitoring, review, and evaluation processes of the risk
management framework enhance the effectiveness of risk management and achieve
continuous improvement?
Research Design and Methodology: – To investigate the connection between risk
management aspects and their overall efficacy, a descriptive and correlational research
approach was used. Stakeholders participating in cross-sector partnerships were given a
standardized questionnaire to complete in order to gather data. Five primary dimensions—
commitment, planning and development, implementation, monitoring, and improvement—
were covered in the questionnaire. A 5-point Likert scale was used to measure the responses.
Trends and distributions were evaluated using descriptive statistics, and associations between
variables were assessed using SPSS and Pearson’s correlation coefficient.
Findings: – Regarding the significance and integration of risk management throughout the
relationship lifespan, the investigation found a usually high degree of agreement. Interestingly,
the dimension with the highest mean was “Improving Risk Management” (4.311), followed by
“Monitoring and Reviewing” (4.221) and “Commitment” (4.224). The “Risk Response” had the
strongest link with the efficacy of risk management (r = 0.745, p
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