Enterprise Risk Management Implementation and the Performance of Financial Institutions in Nigeria: The moderating Role of Organisational Innovativeness
Globalization and corporate failure have triggered scholars to examine the link between enterprise risk management (ERM) implementation and firm performance.Several studies have investigated the effects of ERM implementation on firm performance. However, the relationship between ERM implementation a...
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| 格式: | Conference or Workshop Item |
| 语言: | English |
| 出版: |
2017
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| 主题: | |
| 在线阅读: | http://repo.uum.edu.my/23887/1/CBMM%202017%201532%201548.pdf http://repo.uum.edu.my/23887/ |
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| 总结: | Globalization and corporate failure have triggered scholars to examine the link between enterprise risk management (ERM) implementation and firm performance.Several studies have investigated the effects of ERM implementation on firm performance. However, the relationship between ERM implementation and firm performance have been inconclusive.Several studies have failed to support the value relevance of ERM implementation. There seem to be no agreement concerning the hypothesized benefits of ERM implementation in organisations. Hence, the prime objective of this paper is to examine the moderating role of organisational innovativeness on the relationship between ERM implementation and the performance of
financial institutions in Nigeria.Using a survey approach, the researcher randomly selected 163 firms from five subsectors of Nigerian financial institutions.Partial Least Squares Structural Equation Modelling (PLSSEM) was used to test the hypotheses.The findings of the study reveal that ERM implementation has positive and significant effects on the performance of financial institutions in Nigeria.Furthermore, the study
establishes that organisational innovativeness moderates the relationship between ERM implementation and the performance of financial institutions in Nigeria.The results of this study offer valuable insight to financial institutions, regulators, and researchers to further understand the role of enterprise risk management implementation and organisational innovativeness in increasing firm performance.The study recommends that firms should put in place mechanisms that would allow them to exploit their innovative potentials to strengthen enterprise risk management implementation in order to improve firm performance. |
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