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Title: :  Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry
PaperId: :  22600
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 10 Issue 2 2024
DUI:    16.0415/IJARIIE-22600
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
AIGBE CHRISTOPHER OSAMUYIUNIVERSITY OF PORT HARCOURT
ASIAN ASIAN UMOBONGUNIVERSITY OF PORT HARCOURT
OGBONNA G.N.UNIVERSITY OF PORT HARCOURT

Abstract

Accounting and Finance
Enterprise risk management, financial risks, bank valuation
This study uses a dynamic panel regression framework to analyze the strength of the effect of the financial dimension of enterprise risk management on bank valuation in the Nigerian banking industry. Three financial dimensions of ERM are examined: namely, capital risk management, liquidity risk management, and credit risk management, while bank valuation is measured in terms of market price per ordinary share. The data used comprise 144 bank-period panel observations obtained from 12 listed DMBs that are traded on the Nigerian exchange between 2010 and 2021. The empirical analysis is based on a regression model that controls for inflation and corporate governance in terms of board size. We find that market price per share is highly persistent as it depends on its one lagged value in a way that is highly statistically significant. We also find that while both credit risk management and liquidity risk management measures are not significant explanatory factors for bank valuation, capital risk management, measured by capital adequacy ratio, exerts a significant positive effect on bank valuation. Therefore, we conclude that the effect of the financial dimension of enterprise risk management on bank valuation depends on how the former is defined or measured.

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IJARIIE AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N.. "Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry" International Journal Of Advance Research And Innovative Ideas In Education Volume 10 Issue 2 2024 Page 397-406
MLA AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N.. "Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry." International Journal Of Advance Research And Innovative Ideas In Education 10.2(2024) : 397-406.
APA AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, & OGBONNA G.N.. (2024). Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry. International Journal Of Advance Research And Innovative Ideas In Education, 10(2), 397-406.
Chicago AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N.. "Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry." International Journal Of Advance Research And Innovative Ideas In Education 10, no. 2 (2024) : 397-406.
Oxford AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N.. 'Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry', International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 2, 2024, p. 397-406. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Bank_Valuation_in_the_Stock_Market__Evidence_from_the_Nigerian_Banking_Industry_ijariie22600.pdf (Accessed : ).
Harvard AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N.. (2024) 'Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry', International Journal Of Advance Research And Innovative Ideas In Education, 10(2), pp. 397-406IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Bank_Valuation_in_the_Stock_Market__Evidence_from_the_Nigerian_Banking_Industry_ijariie22600.pdf (Accessed : )
IEEE AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N., "Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry," International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 2, pp. 397-406, Mar-App 2024. [Online]. Available: https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Bank_Valuation_in_the_Stock_Market__Evidence_from_the_Nigerian_Banking_Industry_ijariie22600.pdf [Accessed : ].
Turabian AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N.. "Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 10 number 2 ().
Vancouver AIGBE CHRISTOPHER OSAMUYI, ASIAN ASIAN UMOBONG, and OGBONNA G.N.. Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking Industry. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2024 [Cited : ]; 10(2) : 397-406. Available from: https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Bank_Valuation_in_the_Stock_Market__Evidence_from_the_Nigerian_Banking_Industry_ijariie22600.pdf
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