View Full-Text Figure 3 Total number of citations in the field on the Web of Science (Social Science Citation Index (SSCI), Science Citation Index Expanded (SCI-EXPANDED), and Emerging Sources Citation Index (ESCI).
Public Setting, Risk Management, Financial Performance, Skills, Knowledge.
They added that reducing risks increases customer satisfaction and result in a positive correlation with firm’s performance.
Al-Hersh & Saaty (2014) asserted that reduction in apparent risks result in good relationship with firm and customer and a customer has a tendency of maintaining relationship with service providers; hence a significant positive performance is attained by the firm.
Recent research and practice indicate that such information can be interesting for the decision-making process.
Questions about how and to what extent research on data mining in the financial sector has developed and which tools are used for these purposes remains largely unexplored.Analysis of AG report by ZIMCODD highlighted that inadequate risk based audit has negatively affected the financial performance of ministries as there is no audit committee for risk identification, assessment and monitoring in taking up risk management task thus IAF has been inefficient in accomplishing its audit plan, hence audit recurring perpetuated fraud activities.Ping & Muthuveloo (2015) emphasized that survival of a firm can be determined by performance which is an indicator of profit or loss.However, La & Choi (2012) posited that there exists a weak relationship between risk management and a firm’s financial performance.They suggested that better performance can be affected mainly by board and management decisions than risk management.This study aims to answer three research questions: (i) What is the intellectual core of the field?(ii) Which techniques are used in the financial sector for textual mining, especially in the era of the Internet, big data, and social media?The Parliamentary Accounting Committee (PAC) revealed that fraud cases had been prevalent in government departments including the Ministry of Higher and Tertiary Education, Science and Technology Development (MHTESTD).The Committee noted fraud cases through recurring audit findings such as funds embezzlement, dummy receipting, unauthorized and unsupported expenditure, flouting tender procedures, mismanagement of funds and management over rides by those charged with governance.However, National Education Training Fund lost USD$ 3.5 million to acquit Cadetship grants.AG’s report of 2015 observed that Ministry of Higher and Tertiary Education lost about USD$ 1.8 million to dummy receipting in polytechnics and teacher’s college.