The Relationship between Enterprise Risk Management (ERM) and Organizational Performance

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dc.contributor.authorObalola, M.A
dc.contributor.authorIme, T.A
dc.contributor.authorAbass, O.A
dc.date.accessioned2018-03-20T13:46:06Z
dc.date.available2018-03-20T13:46:06Z
dc.date.issued2014
dc.descriptionStaff Publicationsen_US
dc.description.abstractModern business environment is embroiled with business risks which can have a negative impact on an organization existence and success. The business risks represent the threats to the ability of an enterprise to execute business process and create customer value. These risks are multifaceted and cut across operational, strategic, systemic and reputational. Insurance business being an enterprise is also faced with these risks. This study aims at finding out whether the management of these integrated risks through enterprise risk management (ERM) can lead to organizational performance in Nigerian Insurance industry. Using purposive sampling technique, ten (10) general insurance companies were selected from forty nine (49) companies operating in Nigeria. Contingency reserve, shareholders’ fund, gross premium and net premium were used as dummies for ERM indicators. Panel data was adopted for a ten year period of 2001 to 2010. The study reveals that there is joint cause relationship among ERM variables and organizational performance though, individual relationship of the indicators differ. It is recommended that the Nigerian insurance industry should adopt ERM practice in order to boast organizational performance and by extension increases organization’s reputation.en_US
dc.identifier.citationObalola, M.A, Ime, T.A, and Abass, O.A (2014) The Relationship between Enterprise Risk Management (ERM) and Organizational Performance. Research Journal of Finance and Accounting, Vol.5(14) 152-160pp.en_US
dc.identifier.issn2222-1697 (Paper)
dc.identifier.issn2222-2847 (Online)
dc.identifier.urihttp://www.iiste.org/Journals/index.php/RJFA/article/view/14629/14937
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2901
dc.language.isoenen_US
dc.publisherResearch Journal of Finance and Accountingen_US
dc.subjectInsuranceen_US
dc.subjectCorporate Performanceen_US
dc.subjectRisk Managementen_US
dc.subjectBusiness Risken_US
dc.titleThe Relationship between Enterprise Risk Management (ERM) and Organizational Performanceen_US
dc.typeArticleen_US
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