Evaluation of the PARMM as a strategic option in periods of public administration restructuring: The example of Greece

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Abstract

The purpose of the present study was to develop and implement a questionnaire addressed to executives that measures the performance of the organization, the perceived operational risks, present and future, and finally the financial risks of the public body. This research study evaluates the implementation and results of the performance and risk measurement model (PARMM) in the Greek public administration during the present financial crisis, based on a reliable and valid questionnaire. One hundred sixty-eight (168) questionnaires were sent to managers of public services (narrow and broader public sector) of the Thessaloniki Prefecture and neighboring prefectures. 71% of them responded positively and completed the questionnaire. As a result, a final sample of one hundred twenty (N = 120) questionnaires was collected for the statistical analysis. The analysis carried out showed that the financial risk, the present operational risk, the future operational risk, the responsibility index, the career strategy, the career adaptability, and the career identity were moderately assessed. In addition, employees rated their job satisfaction and self-efficacy at a satisfactory level while the organization’s productivity and performance were rated below average.

Keywords: Risk, Performance, Financial Crisis, Greece

Authors’ individual contributions: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

Declaration of conflicting interests: The Author declares that there is no conflict of interest.

JEL Classification: H3, M10

Received: 24.07.2020
Accepted: 05.10.2020
Published online: 09.10.2020

How to cite this paper: Vasileios, V. (2020). Evaluation of the PARMM as a strategic option in periods of public administration restructuring: The example of Greece. Corporate Board: Role, Duties and Composition, 16(3), 24-38. https://doi.org/10.22495/cbv16i3art2