Strategic Risk Management Maturity and Its Impact on the Competitive Position of the Financial Institutions Listed on EGX 2024: The Moderating Role of Information Technology Capability

Document Type : Original Article

Author

Associate Professor Business Administration Department Faculty of Business Administration Ahram Canidian University

10.21608/acj.2025.450959

Abstract

Purpose: The purpose of this paper is to evaluate the maturity of strategic risk management according to three main approaches—enterprise risk management, strategic risk management, and the risk-balanced scorecard—and track their impact on the competitive position of the Egyptian financial institutions listed on EGX 2024, considering the moderating role of information technology capability.
Design/methodology/approach: A self-administered questionnaire was developed and administered to collect the required data from all the senior managers involved in risk management activities in the Egyptian financial institutions listed on EGX (2024) by adopting the census method. About 95 questionnaires were collected from sampled corporations and were valid for statistical analysis using SPSS 25.
Findings: Enterprise risk management, strategic risk management, and the risk-balanced scorecard have a positive impact on the competitive position of Egyptian financial institutions listed on EGX (2024). Furthermore, the results confirm the moderating role of information technology capability in strengthening the effect of the three main independent variables on competitive position in the sampled corporations.
Originality/Value: This paper adds to the body of knowledge in the fields of strategic management, financial management, and information technology management, since it is the first in the Arab world to present and test a model that emphasizes the evolution of strategic risk management according to three main approaches—enterprise risk management, strategic risk management, and the risk-balanced scorecard—and track their impact on the competitive position by moderating information technology capability.

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