• Assessment of the Enterprise Risk Management (ERM) in the Nigerian Banking Industry

    Author(s):
    Dr. Akaninyene Orok (see profile) , Chris Udoka
    Date:
    2017
    Group(s):
    Asian Business Review, Business Management, Literature and Economics
    Subject(s):
    Corporate governance, Risk management
    Item Type:
    Article
    Tag(s):
    Enterprise risk management, Government policy
    Permanent URL:
    https://doi.org/10.17613/6zmt-8t60
    Abstract:
    This study aimed at evaluating enterprise risk management practice by Deposit Money Banks in Nigeria. Evolving from the research were three specific objectives which were reconstructed into research hypotheses. The hypotheses investigated the relationship between objections and challenges faced by Nigerian banks, government policy, risk and acceptance of enterprise risk management by Nigerian banks. The study utilized an Ex-Post Facto design. A sample of 374 respondents extracted across six geopolitical zones in Nigeria responded to a re-validated 5 points Likert Scale questionnaire. Data extracted from the collection was evaluated using ordinary least square OLS regression analysis. The study revealed that various challenges of practicing banks significantly influence the level of acceptance and implementation of ERM in Nigeria, the government policies on ERM has a direct and significant relationship on the practice of ERM by players in the industry and that the practice of ERM has positively influenced the performance of the Nigerian banks that have accepted and implemented ERM. The study recommended that apex institutions should devise a strategic plan and framework to help banks in the implementation of enterprise risk management since it has been adjudged to be the industry best practice in line with Basel III accord.
    Metadata:
    Published as:
    Journal article    
    Status:
    Published
    Last Updated:
    4 weeks ago
    License:
    Attribution
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