Assessment of the Enterprise Risk Management (ERM) in the Nigerian Banking Industry


Chris O Udoka, Akaninyene Billy Orok

Abstract


This study aimed at evaluating enterprise risk management practice by Deposit Money Banks in Nigeria. Evolving from the research were three specific objectives which were reconstructed into research hypotheses. The hypotheses investigated the relationship between objections and challenges faced by Nigerian banks, government policy, risk and acceptance of enterprise risk management by Nigerian banks. The study utilized an Ex-Post Facto design. A sample of 374 respondents extracted across six geopolitical zones in Nigeria responded to a re-validated 5 points Likert Scale questionnaire. Data extracted from the collection was evaluated using ordinary least square OLS regression analysis. The study revealed that various challenges of practicing banks significantly influences the level of acceptance and implementation of ERM in Nigeria, the government policies on ERM has a direct and significant relationship on the practice of ERM by players in the industry and that the practice of ERM has positively influenced the performance of the Nigerian banks that have accepted and implemented ERM. The study recommended that apex institution should devise a strategic plan and framework to help banks in the implementation of enterprise risk management since it has been adjudged to be the industry best practice in line with Basel III accord.

Keywords


Enterprise risk management, Government policy, Challenges faced by banks adoption of enterprise risk management.

| PDF |


About this article

Title

Assessment of the Enterprise Risk Management (ERM) in the Nigerian Banking Industry

Keywords

Enterprise risk management, Government policy, Challenges faced by banks adoption of enterprise risk management.

DOI

10.20448/journal.501.2017.42.68.74

Date

2017-10-21

Additional Links

Manuscript Submission

Journal

Asian Journal of Economics and Empirical Research
Vol 4, No 2 (2017) Page: 68-74

Print ISSN

2518-010X

Online ISSN

2409-2622

Statistics

20 Views | 18 Downloads

Citations

0

Authors & Affiliations

Chris O Udoka
Department of Banking and Finance Faculty of Management Sciences University of Calabar
Nigeria

Akaninyene Billy Orok
Department of Banking and Finance Faculty of Management Sciences University of Calabar
Nigeria


Article Tools


Email this article (Login required)
Email the author (Login required)
Share

Refbacks

  • There are currently no refbacks.


Paper Submission E-mail: info@asianonlinejournals.com; asianonlinejournals@gmail.com

Asian Journal of Economics and Empirical Research Online ISSN: 2409-2622 | Print ISSN: 2518-010X

Copyright © Asian Online Journal Publishing Group

To make sure that you can receive messages from us, please add the 'asianonlinejournals.com' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.

...............................................................................................................................................................................................................