Template-Type: ReDIF-Article 1.0
Author-Name: Hewlett, Dexter Senanu Kofi
Author-Name-First: Dexter Senanu Kofi
Author-Name-Last: Hewlett
Author-Email: dhewlett@upsamail.edu.gh
Author-Workplace-Name: Department of Banking and Finance. University of Professional Studies, Accra, Ghana,
Author-Name: Essel-Mensah, Kojo A.
Author-Name-First: Kojo A.
Author-Name-Last: Essel-Mensah
Author-Email: EsselMensahKA@ufs.ac.za
Author-Workplace-Name: Department of Mathematical Statistics and Actuarial science, University of the Free State, South Africa,
Author-Name: Tee, Evans
Author-Name-First: Evans
Author-Name-Last: Tee
Author-Email: evans.tee@upsamail.edu.gh
Author-Workplace-Name: Department of Economics and Actuarial Science. University of Professional Studies, Accra, Ghana.
Author-Name: Boadi, Lawrence Asare
Author-Name-First: Lawrence Asare
Author-Name-Last: Boadi
Author-Email: lawrence.aboadi@upsamail.edu.gh
Author-Workplace-Name: Department of Banking and Finance. University of Professional Studies, Accra, Ghana,
Author-Name: Sampson, Vivian Esumanba
Author-Name-First: Vivian Esumanba
Author-Name-Last: Sampson
Author-Email: dhewlett@upsamail.edu.gh
Author-Workplace-Name: Department of Banking and Finance. University of Professional Studies, Accra, Ghana,
Title: Assessing the Impact of Institutional Risk Management on Crop Productivity: Investigating the Moderating Influence of Human Resource Risk Management Practices
Abstract: This study examines the impact of institutional risk management (IRM) and human resource risk management (HRRM) on crop production (CP) in the agricultural sector. This study aimed to investigate the direct impacts of IRM and HRRM on CP, as well as to evaluate the moderating role of IRM in the HRRM-CP relationship. A quantitative research design was utilised, employing structural equation modelling (SEM) to analyse data from agricultural stakeholders. The findings indicate that both IRM and HRRM significantly positively influence CP, suggesting that enhancements in risk management practices can improve agricultural productivity. A 1% increase in HRRM results in a significant rise in CP, and IRM similarly exhibits a positive effect on crop production. When IRM was introduced as an interaction term, its moderating effect on the HRRM-CP relationship was statistically insignificant. This indicates that although both IRM and HRRM independently affect crop production, IRM does not significantly impact the strength of the HRRM-CP relationship. This study presents original findings indicating that HRRM and IRM are essential, yet distinct, factors affecting agricultural outcomes. The findings highlight the necessity for agricultural policymakers and stakeholders to prioritise HRRM and IRM within their risk management frameworks. This approach can promote increased crop yield and support sustainable agricultural advancement.
Keywords: Institutional Risk Management; Human Resource Risk Management; Crop Production, Risk Management; Agricultural Policy
Journal: International Journal of Economics and Financial Issues
Pages: 86-93
Volume: 16
Issue: 4
Year: 2026
Month: 07
DOI: 10.32479/ijefi.23708
File-URL: https://econjournals.com/index.php/ijefi/article/download/23708/10182
File-Format: application/pdf
Handle: RePEc:eco:journ1:v:16:y:2026:i:4:id:23708