Effect of Enterprise Risk Management (ERM) on Sustainability and Survival of Banks in Nigeria

Orabueze Uchechukwu Ebuka, Agbaji Joseph Simon, Iyodo Baba Yaro
2020 Asian Journal of Social Sciences and Management Studies  
Beyond question, risk management is the surviving engine to which enterprises are built upon for sound organizational sustainability. Thus, this study assessed enterprise risk management and its effect on sustainability and survival of deposit money banks in Nigeria. The study utilized Survey research design, a non probability judgment sample of 111 participants extracted from 16 deposit money banks in JOS north local government of plateau state responded to a re-validated 5 points Likert scale
more » ... questionnaire. Data were analyzed using quantitative techniques and multiple regression analysis with aid of SPSSv23 to test the hypotheses. The result found significant relationship between ERM and bank sustainability and survival indicators. To this effect, the study recommended that for a better opportunity to remain relevant and financially successful it is imperative for deposit money banks to readjust their strategic financial plans; increase their income diversification base to combat adverse impacts of risks and uncertainty in business transactions; more so, to keep up with global trends, banks should not underestimate the role sound administration and financial management play in reducing attendant cost and forestalling future financial crisis.
doi:10.20448/journal.500.2020.73.250.257 fatcat:3qpnxulurfdmtb5qc3l2n7l4bi