Aligning Corporate Governance with Enterprise Risk Management Adoption in the Nigerian Deposit Money Banks
Journal Title: Indian-Pacific Journal of Accounting and Finance - Year 2017, Vol 1, Issue 2
Abstract
The alarming rate of corporate failures as seen universally has necessitated this study apparently; the failures have known no boundary as it cuts across both the very big organizations and the very small corporate entities especially financial industries. The objective of this study is to align corporate governance (CG) with Enterprise Risk Management (ERM) adoption in the Nigeria Deposit Money banks (DMBs). The study adopted cross-sectional research design, survey method and questionnaire technique to collect data in 21 Nigerian DMBs. A total of 722 questionnaires were distributed, out of which 435 were found usable for further analysis. The research adopted Structural Equation Modeling in Stata for the data analysis. Empirical evidence suggests that internal audit effectiveness, human resource competency and top management commitment were positively significant. This implies that there is a significant positive relationship between CG and ERM adoption. Conclusively, the study has provided insightful results for the banking industry, regulators, practitioners and academia that will potentially assist in policy formulation, implementation and evaluation. Thus, a clarion calls for all the stakeholders in the industry to guarantee broad implementation of ERM in all the banks in compliance with the CBN Code of corporate governance.
Authors and Affiliations
Ishaya John Dabari, Sini Fave Kwaji, Mohamad Zulkurnai Ghazali
Keywords
Related Articles
- EP ID EP280997
- DOI -
- Views 123
- Downloads 0
Mediating Effect of Quality-Differentiated Auditor on the Relationship between Managerial Ownership and Monitoring Mechanisms
Over the past decade, most studies in corporate governance and audit market have emphasised the importance of monitoring mechanisms (MM), especially after the global economic meltdown resulting from the Enron saga. The l...
The Moderating Effect of Working Capital Management on the Relationship between Working Capital Determinants and Firm Performance
This research examines working capital management moderating role on the relationship between the key determinants of working capital and firm performance among 282 public-listed manufacturing firms in Malaysia for the p...
Examining CAATTs Implementation by Internal Auditors in the Public Sector
Computer Assisted Audit Tools and Techniques (CAATTs) are not new for auditors, and it needs to be adopted to gain the audit efficiency and effectiveness especially in a current era of technology. This paper examined the...
Aligning Corporate Governance with Enterprise Risk Management Adoption in the Nigerian Deposit Money Banks
The alarming rate of corporate failures as seen universally has necessitated this study apparently; the failures have known no boundary as it cuts across both the very big organizations and the very small corporate entit...
An Investigation of Socially Sustainable Behaviour of Local Players in the Supply Chain of Shea Butter in Rural Borgu Nigeria: From a Role Theory Perspective
The Shea butter industry in Nigeria is fragmented, private-driven and less regulated. This paper explores the roles, practices, and behaviour of local supply chain stakeholders who mainly consist of rural women entrepren...