ENTERPRISE RISK MANAGEMENT (ERM) PRACTICES AND FINANCIAL PERFORMANCE: EVIDENCE FROM LISTED INSURANCE FIRMS IN NIGERIA

Jamilu Abdulkadir

Makale detayları

ENTERPRISE RISK MANAGEMENT (ERM) PRACTICES AND FINANCIAL PERFORMANCE: EVIDENCE FROM LISTED INSURANCE FIRMS IN NIGERIA

Yazarlar:

Jamilu Abdulkadir

Yayıncı:

Yildiz Technical University

Ana Başlıklar:

Ekonometri (Diğer)

Dergi:

Yildiz Social Science Review Vol.10 Issue 2, pp.99-109

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001337337

pISSN:

2149-4363

Anahtar kelimeler:

Özet:

 This study examined the Enterprise Risk Management ERM Practices on the performance of insurance firms in Nigeria. The study used panel and correlational designs in investigating the effect of ERM Practices measured by strategy and operations objectives of the Committee of Sponsoring Organisation COSO on the financial performance of insurance firms measured by Tobins Q. Secondary data obtained from the annual financial statements of the insurance firms for the periods of 2018-2022 were used in the analysis. The study used panel data regression model to estimate the relationship. The findings revealed the existence of a positive significant effect of strategic objectives on the financial performance of insurance firms in Nigeria. However, a negative significant effect of operational objective on the financial performance of insurance firms in Nigeria was documented. The study recommended that insurance firms in Nigeria should continue to ensure full conformity to the provision of COSO components while carrying out their business operation. They should also re-strategize and monitor their financial performance outcomes in line with their established objectives in order to attain the holistic application of ERM strategic objectives in the overall business operations.

 This study examined the Enterprise Risk Management ERM Practices on the performance of insurance firms in Nigeria. The study used panel and correlational designs in investigating the effect of ERM Practices measured by strategy and operations objectives of the Committee of Sponsoring Organisation COSO on the financial performance of insurance firms measured by Tobins Q. Secondary data obtained from the annual financial statements of the insurance firms for the periods of 2018-2022 were used in the analysis. The study used panel data regression model to estimate the relationship. The findings revealed the existence of a positive significant effect of strategic objectives on the financial performance of insurance firms in Nigeria. However, a negative significant effect of operational objective on the financial performance of insurance firms in Nigeria was documented. The study recommended that insurance firms in Nigeria should continue to ensure full conformity to the provision of COSO components while carrying out their business operation. They should also re-strategize and monitor their financial performance outcomes in line with their established objectives in order to attain the holistic application of ERM strategic objectives in the overall business operations.

 This study examined the Enterprise Risk Management ERM Practices on the performance of insurance firms in Nigeria. The study used panel and correlational designs in investigating the effect of ERM Practices measured by strategy and operations objectives of the Committee of Sponsoring Organisation COSO on the financial performance of insurance firms measured by Tobins Q. Secondary data obtained from the annual financial statements of the insurance firms for the periods of 2018-2022 were used in the analysis. The study used panel data regression model to estimate the relationship. The findings revealed the existence of a positive significant effect of strategic objectives on the financial performance of insurance firms in Nigeria. However, a negative significant effect of operational objective on the financial performance of insurance firms in Nigeria was documented. The study recommended that insurance firms in Nigeria should continue to ensure full conformity to the provision of COSO components while carrying out their business operation. They should also re-strategize and monitor their financial performance outcomes in line with their established objectives in order to attain the holistic application of ERM strategic objectives in the overall business operations.

 This study examined the Enterprise Risk Management ERM Practices on the performance of insurance firms in Nigeria. The study used panel and correlational designs in investigating the effect of ERM Practices measured by strategy and operations objectives of the Committee of Sponsoring Organisation COSO on the financial performance of insurance firms measured by Tobins Q. Secondary data obtained from the annual financial statements of the insurance firms for the periods of 2018-2022 were used in the analysis. The study used panel data regression model to estimate the relationship. The findings revealed the existence of a positive significant effect of strategic objectives on the financial performance of insurance firms in Nigeria. However, a negative significant effect of operational objective on the financial performance of insurance firms in Nigeria was documented. The study recommended that insurance firms in Nigeria should continue to ensure full conformity to the provision of COSO components while carrying out their business operation. They should also re-strategize and monitor their financial performance outcomes in line with their established objectives in order to attain the holistic application of ERM strategic objectives in the overall business operations.

Makale detayları

ENTERPRISE RISK MANAGEMENT (ERM) PRACTICES AND FINANCIAL PERFORMANCE: EVIDENCE FROM LISTED INSURANCE FIRMS IN NIGERIA

Yazarlar:

Jamilu Abdulkadir

Yayıncı:

Yildiz Technical University

Ana Başlıklar:

Ekonometri (Diğer)

Dergi:

Yildiz Social Science Review Vol.10 Issue 2, pp.99-109

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001337337

pISSN:

2149-4363

Enterprise Risk Management

Insurance Firms

Financial Performance

NigeriaEnterprise Risk Management

Insurance Firms

Financial Performance

Nigeria

Sayı

Makale detayları

Yazarlar: Jamilu Abdulkadir

Yayıncı: Yildiz Technical University

Ana Başlıklar: Ekonometri (Diğer)

Dergi: Yildiz Social Science Review Vol.10 Issue 2, pp.99-109

Belge Tipi: Makale

Yayın Tarihi: 12/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001337337

pISSN: 2149-4363

Sayı

Yazarlar:

Jamilu Abdulkadir

Yayıncı:

Yildiz Technical University

Ana Başlıklar:

Ekonometri (Diğer)

Dergi:

Yildiz Social Science Review Vol.10 Issue 2, pp.99-109

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001337337

pISSN:

2149-4363