The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria

Banks serve as an indispensable part of the financial system, performing a crucial role in intermediation which results in a flow of financial resources in an economy. However, the recurring nature of fraud has hindered the effective performance of banks in Nigeria. Fraud is considered as one of the...

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Main Author:	Umaru, Hussaini
Format:	Thesis
Language:	eng eng
Published:	2020
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/10416/1/depositpermission_s99160.pdf https://etd.uum.edu.my/10416/2/s99160_01.pdf
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id	my-uum-etd.10416
record_format	uketd_dc
spelling	my-uum-etd.104162023-03-19T02:10:27Z The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria 2020 Umaru, Hussaini Abu Bakar, Arpah Yusuf, Muhammad-Bashir Owolabi School of Economics, Finance & Banking School of Economics, Finance & Banking HG Finance Banks serve as an indispensable part of the financial system, performing a crucial role in intermediation which results in a flow of financial resources in an economy. However, the recurring nature of fraud has hindered the effective performance of banks in Nigeria. Fraud is considered as one of the most costly crimes in the business world that affects all types of business organizations. Every business transaction is exposed to the risk of fraud be it in the banking sector, insurance companies, private organizations, and government institutions. This has prompted regulatory authorities, experts and scholars to focus their attention on fraud risk management, which is a systematic mechanism and comprehensive tool to prevent, detect, and respond to fraud. This study examined the relationship between fraud risk management and bank performance and the moderating effect of risk culture on the relationship using Partial Least Squares Structural Equation Modelling (PLS-SEM). Data was collected from a field survey of risk experts from 366 listed banks in the Central Bank of Nigeria website. Of the 328 questionnaires that were returned, 305 were deemed usable for data analysis using PLS-SEM. The findings of the study revealed that fraud risk management and fraud risk management practices have positive and significant relationship with bank performance. It was further revealed that risk culture positively moderates the relationship between fraud risk management and bank performance. The research recommends strengthening fraud risk management by further investing in various fraud prevention, fraud detection and fraud response practices to improve bank’s performance. In addition, banks are recommended to invest in programs that inculcate risk culture in their daily operations as strong risk cultures improves the effect of risk management practices on bank’s performance. This study benefits investors, policy makers, regulators and government concerning the effects of fraud risk management and risk culture on the performance of banks in Nigeria. 2020 Thesis https://etd.uum.edu.my/10416/ https://etd.uum.edu.my/10416/1/depositpermission_s99160.pdf text eng staffonly https://etd.uum.edu.my/10416/2/s99160_01.pdf text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abu Bakar, Arpah Yusuf, Muhammad-Bashir Owolabi
topic	HG Finance
spellingShingle	HG Finance Umaru, Hussaini The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria
description	Banks serve as an indispensable part of the financial system, performing a crucial role in intermediation which results in a flow of financial resources in an economy. However, the recurring nature of fraud has hindered the effective performance of banks in Nigeria. Fraud is considered as one of the most costly crimes in the business world that affects all types of business organizations. Every business transaction is exposed to the risk of fraud be it in the banking sector, insurance companies, private organizations, and government institutions. This has prompted regulatory authorities, experts and scholars to focus their attention on fraud risk management, which is a systematic mechanism and comprehensive tool to prevent, detect, and respond to fraud. This study examined the relationship between fraud risk management and bank performance and the moderating effect of risk culture on the relationship using Partial Least Squares Structural Equation Modelling (PLS-SEM). Data was collected from a field survey of risk experts from 366 listed banks in the Central Bank of Nigeria website. Of the 328 questionnaires that were returned, 305 were deemed usable for data analysis using PLS-SEM. The findings of the study revealed that fraud risk management and fraud risk management practices have positive and significant relationship with bank performance. It was further revealed that risk culture positively moderates the relationship between fraud risk management and bank performance. The research recommends strengthening fraud risk management by further investing in various fraud prevention, fraud detection and fraud response practices to improve bank’s performance. In addition, banks are recommended to invest in programs that inculcate risk culture in their daily operations as strong risk cultures improves the effect of risk management practices on bank’s performance. This study benefits investors, policy makers, regulators and government concerning the effects of fraud risk management and risk culture on the performance of banks in Nigeria.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Umaru, Hussaini
author_facet	Umaru, Hussaini
author_sort	Umaru, Hussaini
title	The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria
title_short	The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria
title_full	The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria
title_fullStr	The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria
title_full_unstemmed	The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria
title_sort	moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in nigeria
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2020
url	https://etd.uum.edu.my/10416/1/depositpermission_s99160.pdf https://etd.uum.edu.my/10416/2/s99160_01.pdf
_version_	1776103812439736320

The moderating effects of risk culture on the relationship between fraud risk management and the performance of banking sector in Nigeria

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