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n IFE PsychologIA : An International Journal - Risk management and corporate governance performance - empirical evidence from the Nigerian banking sector
The study examines the relative effect of risk management and corporate governance on bank performance in Nigeria. The study utilizes both primary and secondary data. The primary data were collected using structured questionnaire that were administered in Four-hundred and eighty (480) employees of Wema Bank Plc in Nigeria. The subjects were randomly selected from Head Office and Osun State regional branches across the various departments, while annual financial reports for the year ended 2008 and 2009 were used as secondary data. Financial ratios were computed for analysis on data.
The study reveals that there is a positive relationship between risk management and bank performance. That effective risk management and corporate governance enhance bank profitability and performance. Further, that bank performances depend largely on risk management and corporate governance. Also better corporate governance lead to better risk management.
It was concluded that risk management has significant effect on bank performance and profitability.
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