Current state of enterprise risk management practices in the Nigerian banking industry
Despite the increasing importance of enterprise risk management in enhancing shareholder value and organisational performance, research on risk management related issues have drawn little attention.The primary aim of this survey is to analyse the current state of ERM practices in the Nigerian banki...
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| Format: | Article |
| Language: | English |
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Iosrjournals.org
2016
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| Online Access: | https://repo.uum.edu.my/id/eprint/20829/1/IOSR%20JBM%2017%206%202016%2027%2033.pdf |
| _version_ | 1825804445566369792 |
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| author | Dabari, Ishaya John Saidin, Siti Zabedah |
| author_facet | Dabari, Ishaya John Saidin, Siti Zabedah |
| author_sort | Dabari, Ishaya John |
| collection | UUM |
| description | Despite the increasing importance of enterprise risk management in enhancing shareholder value
and organisational performance, research on risk management related issues have drawn little attention.The primary aim of this survey is to analyse the current state of ERM practices in the Nigerian banking sector.A cross-sectional data was collected through 722 questionnaires that were distributed to the top, middle and lower level managers in all the commercial banks in Nigeria. The findings revealed that the current focus of
ERM efforts and areas of risks that present the greatest threats to the banks are positively significant to the current state of ERM practices. However, development of ERM framework is negatively significant.On the other hand, the motivation for the banks to implement ERM practices is statistically insignificant.The finding also revealed that the current state of ERM practices is not yet complete in place as some banks partially complied with the Central Bank Mandate on ERM implementation.Thus, on that point is a clarion call for the supervisory authorities to secure broad implementation of ERM in all the banks regardless of their status. |
| first_indexed | 2024-07-04T06:14:38Z |
| format | Article |
| id | uum-20829 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:14:38Z |
| publishDate | 2016 |
| publisher | Iosrjournals.org |
| record_format | eprints |
| spelling | uum-208292017-02-05T02:02:20Z https://repo.uum.edu.my/id/eprint/20829/ Current state of enterprise risk management practices in the Nigerian banking industry Dabari, Ishaya John Saidin, Siti Zabedah HD61 Risk Management HG Finance Despite the increasing importance of enterprise risk management in enhancing shareholder value and organisational performance, research on risk management related issues have drawn little attention.The primary aim of this survey is to analyse the current state of ERM practices in the Nigerian banking sector.A cross-sectional data was collected through 722 questionnaires that were distributed to the top, middle and lower level managers in all the commercial banks in Nigeria. The findings revealed that the current focus of ERM efforts and areas of risks that present the greatest threats to the banks are positively significant to the current state of ERM practices. However, development of ERM framework is negatively significant.On the other hand, the motivation for the banks to implement ERM practices is statistically insignificant.The finding also revealed that the current state of ERM practices is not yet complete in place as some banks partially complied with the Central Bank Mandate on ERM implementation.Thus, on that point is a clarion call for the supervisory authorities to secure broad implementation of ERM in all the banks regardless of their status. Iosrjournals.org 2016 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/20829/1/IOSR%20JBM%2017%206%202016%2027%2033.pdf Dabari, Ishaya John and Saidin, Siti Zabedah (2016) Current state of enterprise risk management practices in the Nigerian banking industry. IOSR Journal of Business and Management (IOSR-JBM), 17 (6). pp. 27-33. ISSN 2319-7668 http://www.iosrjournals.org/iosr-jbm/pages/17(6)Version-1.html |
| spellingShingle | HD61 Risk Management HG Finance Dabari, Ishaya John Saidin, Siti Zabedah Current state of enterprise risk management practices in the Nigerian banking industry |
| title | Current state of enterprise risk management practices in the Nigerian banking industry |
| title_full | Current state of enterprise risk management practices in the Nigerian banking industry |
| title_fullStr | Current state of enterprise risk management practices in the Nigerian banking industry |
| title_full_unstemmed | Current state of enterprise risk management practices in the Nigerian banking industry |
| title_short | Current state of enterprise risk management practices in the Nigerian banking industry |
| title_sort | current state of enterprise risk management practices in the nigerian banking industry |
| topic | HD61 Risk Management HG Finance |
| url | https://repo.uum.edu.my/id/eprint/20829/1/IOSR%20JBM%2017%206%202016%2027%2033.pdf |
| work_keys_str_mv | AT dabariishayajohn currentstateofenterpriseriskmanagementpracticesinthenigerianbankingindustry AT saidinsitizabedah currentstateofenterpriseriskmanagementpracticesinthenigerianbankingindustry |