The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria

Corporate failure around the world has triggered scholars and professionals to re-examine the link between risk management practices and performance of organizations. The prime objective of this study is to examine the impact of enterprise risk management (ERM) framework implementation and ERM succe...

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Main Author:	Idris, Ahmed
Format:	Thesis
Language:	eng eng
Published:	2017
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/7088/1/s95394_01.pdf https://etd.uum.edu.my/7088/2/s95394_02.pdf
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id	my-uum-etd.7088
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Manab, Norlida
topic	HG Finance
spellingShingle	HG Finance Idris, Ahmed The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria
description	Corporate failure around the world has triggered scholars and professionals to re-examine the link between risk management practices and performance of organizations. The prime objective of this study is to examine the impact of enterprise risk management (ERM) framework implementation and ERM success factors include compliance (COP), risk management culture (RMC), risk management information (RMI), risk knowledge sharing (RKS), staff competence (SC), organisational innovativeness (OIN) and leadership factor (LF) on the performance of financial institutions in Nigeria. The study also aims to determine the moderating effect of board equity ownership (BEO) on the relationship between risk management framework (RMF) implementation, ERM success factors, and performance of financial institutions. Survey data on 163 randomly selected firms from five subsectors of financial institutions were collected. Partial Least Squares Structural Equation Modelling (PLS-SEM) was used to test hypotheses. The findings of the study reveal that RMF, COP, RMC, RMI, RKS, SC, and LF have positive and significant effects on the performance of financial institutions. Contrary to expectation, OIN negatively influences the firm performance. Furthermore, BEO moderates positively the relationship between RMF, COP, RMI, RKS, and firm performance. However, BEO does not have significant moderating effects on RC, SC, OIN, and LF. The results of this study offer valuable insight to financial institutions, regulators, and researchers to further understand the effects of ERM practices on firm performance. The study recommends that firms and regulatory agencies should promote sound risk culture with a view to increase risk awareness, establish a robust information management system for comprehensive risk analysis and reporting, devise internal risk knowledge sharing strategies to boost staff capabilities and entrench effective leadership role to handle complex firms’ operational activities.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Idris, Ahmed
author_facet	Idris, Ahmed
author_sort	Idris, Ahmed
title	The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria
title_short	The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria
title_full	The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria
title_fullStr	The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria
title_full_unstemmed	The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria
title_sort	moderating effects of board equity ownership on the relationship between enterprise risk management (erm) practices and the performance of financial institutions in nigeria
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2017
url	https://etd.uum.edu.my/7088/1/s95394_01.pdf https://etd.uum.edu.my/7088/2/s95394_02.pdf
_version_	1747828156733063168
spelling	my-uum-etd.70882021-05-09T03:37:40Z The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria 2017 Idris, Ahmed Abdul Manab, Norlida School of Economics, Finance & Banking School of Economics, Finance and Banking HG Finance Corporate failure around the world has triggered scholars and professionals to re-examine the link between risk management practices and performance of organizations. The prime objective of this study is to examine the impact of enterprise risk management (ERM) framework implementation and ERM success factors include compliance (COP), risk management culture (RMC), risk management information (RMI), risk knowledge sharing (RKS), staff competence (SC), organisational innovativeness (OIN) and leadership factor (LF) on the performance of financial institutions in Nigeria. The study also aims to determine the moderating effect of board equity ownership (BEO) on the relationship between risk management framework (RMF) implementation, ERM success factors, and performance of financial institutions. Survey data on 163 randomly selected firms from five subsectors of financial institutions were collected. Partial Least Squares Structural Equation Modelling (PLS-SEM) was used to test hypotheses. The findings of the study reveal that RMF, COP, RMC, RMI, RKS, SC, and LF have positive and significant effects on the performance of financial institutions. Contrary to expectation, OIN negatively influences the firm performance. Furthermore, BEO moderates positively the relationship between RMF, COP, RMI, RKS, and firm performance. However, BEO does not have significant moderating effects on RC, SC, OIN, and LF. The results of this study offer valuable insight to financial institutions, regulators, and researchers to further understand the effects of ERM practices on firm performance. The study recommends that firms and regulatory agencies should promote sound risk culture with a view to increase risk awareness, establish a robust information management system for comprehensive risk analysis and reporting, devise internal risk knowledge sharing strategies to boost staff capabilities and entrench effective leadership role to handle complex firms’ operational activities. 2017 Thesis https://etd.uum.edu.my/7088/ https://etd.uum.edu.my/7088/1/s95394_01.pdf text eng public https://etd.uum.edu.my/7088/2/s95394_02.pdf text eng public other doctoral Universiti Utara Malaysia Abd Razak, N., Ab Rahman, Z., & Borhan, H. (2016). Modeling firm resources –enterprise risk management relationships: An empirical finding using PLS-SEM. 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