24x7 Service; AnyTime; AnyWhere

Current state of enterprise risk management practices in the Nigerian banking industry

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

[thumbnail of IOSR JBM 17 6 2016 27 33.pdf] PDF
Restricted to Registered users only

Download (414kB) | Request a copy


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.

Item Type: Article
Uncontrolled Keywords: Enterprise risk management; Nigerian banks; Risk management practices; ERM Current state; Shareholder value
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
H Social Sciences > HG Finance
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Mdm. Siti Zabedah Hj Saidin
Date Deposited: 05 Feb 2017 02:02
Last Modified: 05 Feb 2017 02:02

Actions (login required)

View Item View Item