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Enterprise Risk Management and Performance of Selected Listed Consumer Goods Companies in Nigeria

Applied Finance and Accounting

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Title Enterprise Risk Management and Performance of Selected Listed Consumer Goods Companies in Nigeria
 
Creator Salaudeen, Yinka M.
Atoyebi, Taibat A.
Oyegbile, Bamidele A.
 
Description Enterprise Risk Management (ERM) is an integrated framework and monitoring tool for managing uncertainties surrounding the business objectives. This study evaluated the relationship between enterprise risk management and performance of Twenty (20) consumer goods companies listed on the Nigerian Stock Exchange. The independent variables used are existence of risk management committee, existence of financial expertise, existence of audit committee, existence of Chief risk officer and board size. The study adopted ex post facto research design and data were sourced from annual reports and accounts of the selected Consumer Goods Companies. The collated data were analysed using descriptive statistics and generalised least square. The results reveal that risk management committee, financial expertise and board size have significant positive effect on performance. The results also revealed that existence of audit committee has a significant negative effect on performance while existence of chief risk officer has no significant effect on performance. The study therefore recommended that the regulatory authorities and other relevant institutions are enjoined to reassess their supervisory role with the view to strengthen the ERM process and taking the issue of risk management seriously at every level of organisations to provide reasonable assurance.
 
Publisher Redfame publishing
 
Contributor —
 
Date 2018-01-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://redfame.com/journal/index.php/afa/article/view/2918
10.11114/afa.v4i1.2918
 
Source Applied Finance and Accounting; Vol 4, No 1 (2018); 112-121
2374-2429
2374-2410
 
Language eng
 
Relation http://redfame.com/journal/index.php/afa/article/view/2918/3153
 
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