The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria

The issue revolving around corporate governance and financial performance has always been an essential and critical element for banking sector in Nigeria. This study investigates the effect of risk management committee characteristics (risk management committee size and risk management committee ind...

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Main Author:	Ahmed, Dahir Ahmed
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HD61 Risk Management HG Finance
Online Access:	https://etd.uum.edu.my/8213/1/s822859_01.pdf https://etd.uum.edu.my/8213/2/DEPOSIT%20PERMISSION_s822859.pdf https://etd.uum.edu.my/8213/3/822859_references.docx
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id	my-uum-etd.8213
record_format	uketd_dc
spelling	my-uum-etd.82132021-05-04T01:46:27Z The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria 2019 Ahmed, Dahir Ahmed Kadir, Hanita School of Economics, Finance & Banking School of Economics, Finance & Banking HD61 Risk Management HG Finance The issue revolving around corporate governance and financial performance has always been an essential and critical element for banking sector in Nigeria. This study investigates the effect of risk management committee characteristics (risk management committee size and risk management committee independence) and board financial expertise on the financial performance of quoted banks in Nigeria. The research used secondary data obtained from the annual report of banks listed in the Nigerian Stock exchange for the year 2013-2016 with 56 firm-year observations and based on panel data approach. Furthermore, the regression estimates are based on random effect and Fixed effect models. The result indicates that risk management committee size and risk management committee independence have insignificant relationship with financial performance of ROA, ROE and Tobin’s Q. This means an increase or decrease in risk management committee size has no effect on financial performance. Board financial expertise exhibit a negative relationship with ROA and ROE. This revealed that the more the financial expert in an organization the less is financial performance. This is because of the risk that will be avoided. Besides, providing suggestion for future research work, this study provides several recommendations for regulators and the Nigerian banking industry. The findings of the study would give invaluable insight to the stock market, government, auditing and accounting regulators and auditing and accounting professional bodies, as to what extent codes of corporate governance regulators and laws are implemented by the banks and other financial services. 2019 Thesis https://etd.uum.edu.my/8213/ https://etd.uum.edu.my/8213/1/s822859_01.pdf text eng public https://etd.uum.edu.my/8213/2/DEPOSIT%20PERMISSION_s822859.pdf text eng staffonly https://etd.uum.edu.my/8213/3/822859_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Kadir, Hanita
topic	HD61 Risk Management HG Finance
spellingShingle	HD61 Risk Management HG Finance Ahmed, Dahir Ahmed The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria
description	The issue revolving around corporate governance and financial performance has always been an essential and critical element for banking sector in Nigeria. This study investigates the effect of risk management committee characteristics (risk management committee size and risk management committee independence) and board financial expertise on the financial performance of quoted banks in Nigeria. The research used secondary data obtained from the annual report of banks listed in the Nigerian Stock exchange for the year 2013-2016 with 56 firm-year observations and based on panel data approach. Furthermore, the regression estimates are based on random effect and Fixed effect models. The result indicates that risk management committee size and risk management committee independence have insignificant relationship with financial performance of ROA, ROE and Tobin’s Q. This means an increase or decrease in risk management committee size has no effect on financial performance. Board financial expertise exhibit a negative relationship with ROA and ROE. This revealed that the more the financial expert in an organization the less is financial performance. This is because of the risk that will be avoided. Besides, providing suggestion for future research work, this study provides several recommendations for regulators and the Nigerian banking industry. The findings of the study would give invaluable insight to the stock market, government, auditing and accounting regulators and auditing and accounting professional bodies, as to what extent codes of corporate governance regulators and laws are implemented by the banks and other financial services.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Ahmed, Dahir Ahmed
author_facet	Ahmed, Dahir Ahmed
author_sort	Ahmed, Dahir Ahmed
title	The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria
title_short	The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria
title_full	The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria
title_fullStr	The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria
title_full_unstemmed	The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria
title_sort	effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in nigeria
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2019
url	https://etd.uum.edu.my/8213/1/s822859_01.pdf https://etd.uum.edu.my/8213/2/DEPOSIT%20PERMISSION_s822859.pdf https://etd.uum.edu.my/8213/3/822859_references.docx
_version_	1747828352522125312

The effect of risk management committee characteristics and board financial expertise on the financial performance of quoted banks in Nigeria

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