International Journal of Business Continuity and Risk Management (4 papers in press)

Regular Issues

• 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
   
  
• Managerial Tactics to Tackle Corruption: a Literature Review and a Conceptual Model of Corrupt Behaviour in Business Organisations  
  by Anton Studenkov, Nuno Baptista, Fernando Mata 
  Abstract: In management and economic studies, research mostly approaches the phenomenon of corruption from the perspectives of cultural traditions, social norms, and principal-agent interactions, or adopts an institutional perspective to research organizational dynamics. This paper takes a different perspective, focusing on the micro?level, more specifically the behaviour of corporate managers. The main purpose of the paper is to provide a conceptual model of how managers can deal with corruption in their organizations. To achieve this objective, we first conduct a literature review on the reasons that lead managers to tackle corruption, and which solutions are available to deal with this problem. Based on the results of the literature review, and drawing from behavioural ethics literature, we propose a stepwise model that explains the process of corruption at an individual level across four stages: moral awareness, moral judgment, moral motivation, and behaviour. The model also identifies managerial interventions that can be applied.
  Keywords: Corruption; literature review; conceptual model; prevention; strategy; anti-corruption; business ethics; risk; international business; micro-level analysis.
  DOI: 10.1504/IJBCRM.2026.10079137