Call for Papers:Vol.11 Issue.3

Submission
Last date		 28-Jun-2025
Acceptance Status In One Day
Paper Publish In Two Days
Submit ManuScript

News & Updates

Submit Article

Dear Authors, Article publish in our journal for Volume-11,Issue-3. For article submission on below link: Submit Manuscript


Join As Board

Dear Reviewer, You can join our Reviewer team without given any charges in our journal. Submit Details on below link: Join As Board


Paper Publication Charges

IJARIIE APP
Download Android App

For Authors

Archives

IJARIIE Board

Downloads

Android App

Download IJARIIE APP

Authors

Title: :  Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance
PaperId: :  22601
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-22601
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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

Abstract

Accounting and Finance
Enterprise risk management, financial performance, corporate governance
This study attempts to estimate the strength of the effect of enterprise risk management on financial performance as well as the extent of the moderating influence of corporate governance on the empirical association between enterprise risk management and financial performance. The study constructs and enterprise risk management index which combines three financial risk measures: namely, capital risk, credit risk, and liquidity risk. Financial performance is examined from the stock market perspective using market price per share a measure. The data used comprise 144 bank-period panel observations obtained from 12 listed DMBs that are traded on the floor of the Nigerian exchange between 2010 and 2021. Consistent with the fixed effect regression assumption, we find that unobserved bank-specific factors such as management philosophy and leadership style play a highly significant role in determining financial performance of the selected listed deposit money banks (DMBs) in Nigeria. We also find evidence that market price per share significantly depends on its previous performance, hence, it is highly persistent. Our results also suggest that enterprise risk management index is highly significant and exerts a positive and sizable direct effect on financial performance. On the contrary, our empirical evidence shows that corporate governance, measured by board size, has no significant direct effect on financial performance and also does not moderate significantly the empirical association between enterprise risk management and financial performance. Hence, our results tend to support the theoretical argument that larger board size encumbers financial performance.

Citations

Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.

IJARIIE AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG. "Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance" International Journal Of Advance Research And Innovative Ideas In Education Volume 10 Issue 2 2024 Page 807-815
MLA AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG. "Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance." International Journal Of Advance Research And Innovative Ideas In Education 10.2(2024) : 807-815.
APA AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., & ASIAN ASIAN UMOBONG. (2024). Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance. International Journal Of Advance Research And Innovative Ideas In Education, 10(2), 807-815.
Chicago AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG. "Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance." International Journal Of Advance Research And Innovative Ideas In Education 10, no. 2 (2024) : 807-815.
Oxford AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG. 'Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance', International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 2, 2024, p. 807-815. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Financial_Performance_of_Nigerian_Deposit_Money_Banks__The_Moderating_Role_of_Corporate_Governance_ijariie22601.pdf (Accessed : ).
Harvard AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG. (2024) 'Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance', International Journal Of Advance Research And Innovative Ideas In Education, 10(2), pp. 807-815IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Financial_Performance_of_Nigerian_Deposit_Money_Banks__The_Moderating_Role_of_Corporate_Governance_ijariie22601.pdf (Accessed : )
IEEE AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG, "Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance," International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 2, pp. 807-815, Mar-App 2024. [Online]. Available: https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Financial_Performance_of_Nigerian_Deposit_Money_Banks__The_Moderating_Role_of_Corporate_Governance_ijariie22601.pdf [Accessed : ].
Turabian AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG. "Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 10 number 2 ().
Vancouver AIGBE CHRISTOPHER OSAMUYI, OGBONNA, G.N., and ASIAN ASIAN UMOBONG. Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate Governance. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2024 [Cited : ]; 10(2) : 807-815. Available from: https://ijariie.com/AdminUploadPdf/Enterprise_Risk_Management_and_Financial_Performance_of_Nigerian_Deposit_Money_Banks__The_Moderating_Role_of_Corporate_Governance_ijariie22601.pdf
BibTex EndNote RefMan RefWorks

Number Of Downloads



Save in Google Drive

Similar-Paper

TitleArea of ResearchAuther NameAction
FACTORS AFFECTING CREDIT GROWTH OF VIETNAMESE COMMERCIAL BANKS IN THE PERIOD 2011 – 2020Bank, Finance, etc.NGUYEN HOANG GIANG Download
EDUCATIONAL QUALIFICATIONS OF BOARD MEMBERS IN RISK MANAGEMENT OF COMMERCIAL BANKS IN VIETNAMBank, Finance, etc.NGUYEN HOANG GIANG Download
Non-performing Assets impact on Banking sectormanagementNoorullah Abbas Jari Download
The role of internal auditing in Bank of AlbaniaauditingElfrida Taraku Download
FACTORS INFLUENCING THE USAGE OF INTERNET BANKING OF COMMERCIAL BANKS IN BADULLA DISTRICTInternet BankingDissanayaka Mudiyanselage Sugeeth Jeewantha Download
Analyzing the Financial Performance of Selected Banks in Bangladesh: A Comparative StudyAccounting and Finance Md Belal Hossain Download
THE INFLUENCE OF FRAUD RISK ASSESSMENT, INTERNAL CONTROL SYSTEMS AND MANAGERIAL PERFORMANCE ON SALES EFFECTIVENESSAccountancy, EconomyMuhammad Fajri Prasetyo Download
Exploring the Evolution: Growth Trends in India's Public and Private Telecommunication Sectors"social sciences Dr. Pooja Gulati Download
Reviewing the Implementation of International Public Sector Accounting Standards in Bangladesh: An Analytical ExaminationAcountingMost. Mukta Khatun Download
Enterprise Risk Management and Financial Performance of Nigerian Deposit Money Banks: The Moderating Role of Corporate GovernanceAccounting and FinanceAIGBE CHRISTOPHER OSAMUYI Download
Enterprise Risk Management and Bank Valuation in the Stock Market: Evidence from the Nigerian Banking IndustryAccounting and FinanceAIGBE CHRISTOPHER OSAMUYI Download
INTEGRATED REPORTING AND FIRM VALUE OF LISTED MANUFACTURING FIRM IN NIGERIAACCOUNTINGAHMED YAHAYA ONUMOH Download
STUDY ON TAX PLANNING STRATEGIES AMONG THE SALARIED PEOPLECommerce and ManagementRADHIKA JINDAL Download
A STUDY ON CYBER SECURITY ISSUES AFFECTING ONLINE BANKING AND TRANSACTIONSCommerce and ManagementN. VISHNUPRIYA Download
Forecasting the National Passing Rate of the Certified Public Accountant Licensure Examination (CPALE)AccountingCleojem Deanne C. Ochoa Download
12