RISK MANAGEMENT COMMITTEE ATTRIBUTES AND PERFORMANCE OF NIGERIAN LISTED MULTI-NATIONAL COMPANIES
Abstract
This study examined the influence of risk management committee attributes on the performance of multi-national firms quoted on the Nigeria Exchange Group (NGX) for the periods 2012-2020. The study utilized risk management committee independence and risk committee meeting as indices of risk management attributes while Tobin’s Q was used to measure the performance of the carefully chosen firms. Secondary data gathered from the annual report of 14 sampled quoted multi-national firms gotten from the Nigeria Exchange Group (NGX) Fact-book and website. Purposive sampling techniques was utilized in the study. Panel regression and correlation analysis likewise descriptive statistics are the method of analysis used in this study. The study equally failed to find empirical evidence for the significant impact of risk committee independence and risk committee meeting on the performance of listed multi-national firms in Nigeria. Thus, the study concludes that risk committee independence and risk committee meeting does not have any significant effect on the performance of Nigeria multi-national firms. Hence the study recommends even though risk committee independence and risk committee meeting does not have effect on performance the firms should not ignore the other benefits of having risk management committee on board and their traits, regulators in the industry should also encourage the firms to have functioning risk management committee through adequate regulations.
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