Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria

Empirical evidence has shown that occupational pension schemes have continued to face crises that necessitate pension reforms with concern on sustainability among the focal points. Consequently, there have been waves of occupational pension reforms globally. Previous studies show mixed evidence with...

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Main Author:	Aliu, Olanrewaju Atanda
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HD61 Risk Management
Online Access:	https://etd.uum.edu.my/9458/1/depositpermission_94600.pdf https://etd.uum.edu.my/9458/2/s94600_01.pdf https://etd.uum.edu.my/9458/3/s94600_references.docx
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id	my-uum-etd.9458
record_format	uketd_dc
spelling	my-uum-etd.94582022-06-07T01:55:09Z Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria 2019 Aliu, Olanrewaju Atanda Alaudin, Ahmadasri Abdul Hamid, Mohd Ali Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HD61 Risk Management Empirical evidence has shown that occupational pension schemes have continued to face crises that necessitate pension reforms with concern on sustainability among the focal points. Consequently, there have been waves of occupational pension reforms globally. Previous studies show mixed evidence with respect to the propensity of the reforms towards achieving a sustainable occupational pension scheme. Drawing mainly from institutional theory, this study examines the impact of risk management in moderating the effects of regulatory frameworks (investment strategy, corporate governance, transparency, and compliance) on contributory pension scheme sustainability in Nigeria. Mixed method design was adopted with survey of 212 and interviews of nine managers of contributory pension scheme operators respectively. The survey results show there is evidence of positive significant level of contributory pension scheme sustainability in Nigerian. It was found that investment strategy, corporate governance, and transparency have significant positive direct effects on contributory pension scheme sustainability while compliance does not. Also, risk management has a significant negative moderating effect on the relationship between investment strategy and contributory pension scheme sustainability, while the moderating effect of risk management on the relationship between transparency and contributory pension scheme sustainability is significantly positive. Contrarily, risk management fail to show moderating effects on corporate governance and compliance. The interview results reveal that investment strategy promotes diversification and risk reduction, while corporate governance serves as a protection of contributory pension scheme fund. The results further reveal that transparency facilitates information access while compliance serves as adherence and deterrence factor among others. The implications of the study were presented for policy formulation towards improving the sustainability of Nigerian contributory pension scheme. 2019 Thesis https://etd.uum.edu.my/9458/ https://etd.uum.edu.my/9458/1/depositpermission_94600.pdf text eng staffonly https://etd.uum.edu.my/9458/2/s94600_01.pdf text eng 2023-01-06 public https://etd.uum.edu.my/9458/3/s94600_references.docx text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Alaudin, Ahmadasri Abdul Hamid, Mohd Ali
topic	HD61 Risk Management
spellingShingle	HD61 Risk Management Aliu, Olanrewaju Atanda Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria
description	Empirical evidence has shown that occupational pension schemes have continued to face crises that necessitate pension reforms with concern on sustainability among the focal points. Consequently, there have been waves of occupational pension reforms globally. Previous studies show mixed evidence with respect to the propensity of the reforms towards achieving a sustainable occupational pension scheme. Drawing mainly from institutional theory, this study examines the impact of risk management in moderating the effects of regulatory frameworks (investment strategy, corporate governance, transparency, and compliance) on contributory pension scheme sustainability in Nigeria. Mixed method design was adopted with survey of 212 and interviews of nine managers of contributory pension scheme operators respectively. The survey results show there is evidence of positive significant level of contributory pension scheme sustainability in Nigerian. It was found that investment strategy, corporate governance, and transparency have significant positive direct effects on contributory pension scheme sustainability while compliance does not. Also, risk management has a significant negative moderating effect on the relationship between investment strategy and contributory pension scheme sustainability, while the moderating effect of risk management on the relationship between transparency and contributory pension scheme sustainability is significantly positive. Contrarily, risk management fail to show moderating effects on corporate governance and compliance. The interview results reveal that investment strategy promotes diversification and risk reduction, while corporate governance serves as a protection of contributory pension scheme fund. The results further reveal that transparency facilitates information access while compliance serves as adherence and deterrence factor among others. The implications of the study were presented for policy formulation towards improving the sustainability of Nigerian contributory pension scheme.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Aliu, Olanrewaju Atanda
author_facet	Aliu, Olanrewaju Atanda
author_sort	Aliu, Olanrewaju Atanda
title	Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria
title_short	Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria
title_full	Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria
title_fullStr	Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria
title_full_unstemmed	Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria
title_sort	risk management, regulatory frameworks and contributory pension scheme sustainability in nigeria
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2019
url	https://etd.uum.edu.my/9458/1/depositpermission_94600.pdf https://etd.uum.edu.my/9458/2/s94600_01.pdf https://etd.uum.edu.my/9458/3/s94600_references.docx
_version_	1747828600300634112

Risk management, regulatory frameworks and contributory pension scheme sustainability in Nigeria

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