@article{Olowokudejo_Oladimeji_2019, title={Enterprise Risk Management and Corporate Performance in Nigerian Non-Financial Quoted Companies}, volume={7}, url={http://ujh.unilag.edu.ng/article/view/516}, abstractNote={<p>The aim of this study is to examine the effect of Enterprise Risk Management (ERM) on<br>financial performance of the non-financial quoted companies in Nigeria, using the<br>following financial performance parameters: shareholder value, profit margin ratio, and<br>management efficiency. Secondary data were obtained from all the thirty-three<br>companies, which is the total population of all active non-financial companies quoted on<br>the Nigerian Stock Exchange, and the various compliance elements of ERM practices and<br>financial performance indicators were identified and examined. Regression analysis was<br>adopted to examine the effect of ERM on the performance of non-financial quoted firms.<br>The findings showed that ERM implementation status has positive significant effect on<br>shareholder value (β = 0.788, p-value &lt; 0.05), profit margin ratio (β = 0.723, p-value &lt;<br>0.05), and management efficiency (β = 0.817, p-value &lt; 0.05) of non-financial quoted<br>firms in Nigeria. It is therefore concluded that the implementation status of ERM has a<br>positive significant effect on shareholder value, profit margin ratio, and management<br>efficiency of non-financial quoted firms in Nigeria. The study recommends a proactive<br>risk management approach for non-financial organizations through the adoption of the<br>ERM programme which is evaluated through the ERM template designed for this study.<br>Furthermore, it is recommended that non-financial firms should employ ERM towards the<br>enhancement of their shareholders’ value, profit margin ratio, and management<br>efficiency.</p&gt;}, number={2}, journal={Unilag Journal of Humanities}, author={Olowokudejo, Folake Feyisayo and Oladimeji, Moruff Sanjo}, year={2019}, month={Dec.}, pages={32-48} }