Enterprise risk management (erm) amongst insurance firms in Ghana
| dc.contributor.author | Abubakar Salifu | |
| dc.date.accessioned | 2024-02-29T10:08:28Z | |
| dc.date.available | 2024-02-29T10:08:28Z | |
| dc.date.issued | 2021 | |
| dc.description | A thesis submitted to the department of accounting and finance, school of business, Kwame Nkrumah university of science and technology in partial fulfilment of the requirements for the award of the degree of master of science in insurance and business continuity | |
| dc.description.abstract | This study investigates enterprise risk management (ERM) activity amongst insurance companies in Ghana by focusing on three key issues: degree of ERM implementation; organizational factors that determine ERM implementation; and relationship between ERM implementation and financial performance. To gather empirical evidence on these three related areas, a conceptual model was developed that linked organizational-level factors including Firm Size, Industry Diversification, Board Independence, and Type of Auditor to ERM, which is in turn linked to Financial Performance. A quantitative correlational research design was adopted, utilizing a standardized questionnaire to collect research data from Chief Risk Officers, Chief Audit Officers, and other managers of 34 firms in Ghana’s insurance sector. The questionnaire amassed self-report data on eight dimensions of COSO-ERM activities, organizational-level antecedents, financial performance, and demographic variables. Employing Ordinary Least Square regressions, Descriptive Statistics and Factor Analysis in analyzing research data, some interesting findings emerged. Regarding extent of ERM implementation, none of the eight COSO-ERM dimensions was implemented robustly by the sampled insurance companies, with overall implementation being ad hoc at best. Regarding organizational factors associated with ERM implementation, although adding firm size, industry diversification, board independence, and type of auditor into the equation changed the percentage of explained variation in the predicted level of ERM by 11.4 percent, none of the regression coefficients is statistically significant. Finally, a positive, insignificant relationship was found between financial performance and ERM. | |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/15577 | |
| dc.language.iso | en | |
| dc.publisher | KNUST | |
| dc.title | Enterprise risk management (erm) amongst insurance firms in Ghana | |
| dc.type | Thesis |