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Value Relevance Of Risk Management Disclosure Among Listed Deposit Money Banks In Nigeria

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  • Johnson Kolawole OLOWOOKERE

    (Osun State University, Osogbo, Nigeria)

  • Bolarinwa R. FERUKE

    (Osun State University, Osogbo, Nigeria)

Abstract

This study examined the value relevance of risk management disclosure among listed deposit money banks in Nigeria. The data were collected from 10 listed deposit money banks using purpose sampling and manual content analysis for the period ranging from 2014 to 2018. Descriptive statistics tools of mean, standard deviation together with correlation analysis were used for preliminary analysis while the value relevance of risk management disclosure was estimated using random effect panel regression based on the outcome of the various specification tests. The results were obtained by controlling for book value per share, earning per share, and firm characteristics including the age of the firm, firm size, and leverage. The results obtained revealed that the value of Nigerian listed deposit money banks is positively and significantly affected by the disclosure of risk management. This study, therefore, recommends that managers of the deposit money banks in the country should be concerned with the disclosure of risk management in their annual report to enhance the development of their company’s share price which will, in turn, increase the company’s value.

Suggested Citation

  • Johnson Kolawole OLOWOOKERE & Bolarinwa R. FERUKE, 2021. "Value Relevance Of Risk Management Disclosure Among Listed Deposit Money Banks In Nigeria," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(4), pages 64-79, December.
    • Handle: RePEc:rom:bemann:v:11:y:2021:i:4:p:64-79
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    References listed on IDEAS

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