Aligning Corporate Governance with Enterprise Risk Management Adoption in the Nigerian Deposit Money Banks
Journal Title: Indian-Pacific Journal of Accounting and Finance - Year 2017, Vol 1, Issue 2
Abstract
The alarming rate of corporate failures as seen universally has necessitated this study apparently; the failures have known no boundary as it cuts across both the very big organizations and the very small corporate entities especially financial industries. The objective of this study is to align corporate governance (CG) with Enterprise Risk Management (ERM) adoption in the Nigeria Deposit Money banks (DMBs). The study adopted cross-sectional research design, survey method and questionnaire technique to collect data in 21 Nigerian DMBs. A total of 722 questionnaires were distributed, out of which 435 were found usable for further analysis. The research adopted Structural Equation Modeling in Stata for the data analysis. Empirical evidence suggests that internal audit effectiveness, human resource competency and top management commitment were positively significant. This implies that there is a significant positive relationship between CG and ERM adoption. Conclusively, the study has provided insightful results for the banking industry, regulators, practitioners and academia that will potentially assist in policy formulation, implementation and evaluation. Thus, a clarion calls for all the stakeholders in the industry to guarantee broad implementation of ERM in all the banks in compliance with the CBN Code of corporate governance.
Authors and Affiliations
Ishaya John Dabari, Sini Fave Kwaji, Mohamad Zulkurnai Ghazali
Keywords
Related Articles
- EP ID EP280997
- DOI -
- Views 97
- Downloads 0
Islamic Financial Institutions and Real Estate Cycle
The role of Islamic financial intuitions is essential in providing Islamic financing specifically to investors and stakeholders to invest in real estate. Therefore, understanding the link of the real estate cycle to the...
The Analysis of Altman Model and Ohlson Model in Predicting Financial Distress of Manufacturing Companies in the Indonesia Stock Exchange
The purpose of this research is to examine the accuracy of the Altman Model and the Ohlson Model in Bankruptcy Prediction. The research population is all companies who are listed on the Indonesian Stock Exchange. The sam...
Examining CAATTs Implementation by Internal Auditors in the Public Sector
Computer Assisted Audit Tools and Techniques (CAATTs) are not new for auditors, and it needs to be adopted to gain the audit efficiency and effectiveness especially in a current era of technology. This paper examined the...
The Impact of Audit Committee, Firm Size, Profitability, and Leverage on Income Smoothing
The objective of this study is to examine the impact of the audit committee, firm size, profitability, and leverage on income smoothing in manufacturing companies listed in Indonesia stock exchange for the period of 2013...
Working Capital Management and Firm Performance
This study examines the relationship between working capital management (WCM) and firm performance during and after the financial crisis of 2007-2008 in Nigeria. During the crisis, lending conditions were deeply affected...