RISK MANAGEMENT INFORMATION DISCLOSURE ON CORPORATE FINANCIAL PERFORMANCE

ABSTRACT

This study examined the Effect of Risk Management Information Disclosure on Firm Financial Performance using panel data of fourteen listed financial institutions in the Nigeria Exchange Group for the period 2013 – 2022. The variables considered were corporate financial performance proxied by return on assets, operational risk management information disclosure, strategic risk management information disclosure, liquidity risk management information disclosure, and reputational risk management information disclosure. The study carried out a histogram normality test, BreuschPagan-Godfrey test of heteroskedasticity, Ramsey RESET model specification test, Serial correlation test, correlation analysis and regression analysis. The F-statistics indicated that all the explanatory variables taken together are statistically significant. The regression result revealed that operational risk management information disclosure has a positive and insignificant influence on firm performance. Strategic risk management information disclosure was seen to be positively related to firm performance. Also, the result revealed a negative and insignificant relationship between reputational risk management information disclosure and firm performance at 5% significance level. Liquidity risk management information disclosure maintains a positive and significant relationship with firm performance.