Risk Management in the Public Sector: A Bibliographic Literature Review

Nurkhat Ibadildin, Anel Malik, Zh. B. Kenzhin, Г. С. Мукина, Askarov A.A.

The economy strategy and practice, 2025

Full text Open access: Gold Metadata (CSL-JSON)
DOI 10.51176/1997-9967-2024-4-133-145
Data confidence 85 high
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Abstract

This bibliographic literature review investigates the state of risk management in the public sector, focusing on its evolution, current trends, and future directions. The study aims to systematically synthesize the literature, identifying critical areas such as risk governance, resilience, and emergency management as central themes. The methodology involved retrieving data from primary academic sources like Google Scholar, Web of Science, and Scopus. Data was curated using specific keywords, peer-reviewed filters, and a timeframe from 2001 to 2024, ensuring relevancy and high-quality outputs. The review highlights the increasing significance of risk management in the public sector, particularly in response to global challenges such as financial crises and the COVID-19 pandemic. Results reveal an expanding focus on public sector risk management, driven by recent global challenges and the integration of digital technologies. However, notable research gaps persist, particularly in areas such as advanced technology adoption, longitudinal impact studies, and cross-regional comparative analyses. Despite extensive research, gaps remain in integrating advanced technologies, longitudinal studies, and comparative analyses across different regions. This study provides valuable insights for policymakers and practitioners, emphasizing the need for innovative and adaptive risk management strategies to enhance public sector resilience. Future research should address these gaps, promoting resilience in public sector organizations and contributing to a more robust understanding of risk management dynamics in an increasingly uncertain world.