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首页> 外文期刊>Journal of Finance and Accounting >Effectiveness of Risk Management Strategies Among Deposit Money Banks in Nigeria
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Effectiveness of Risk Management Strategies Among Deposit Money Banks in Nigeria

机译：尼日利亚存款货币银行风险管理策略的有效性

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Deposit Money Banks (DMBs) face formidable challenges in order to operate profitably. As business entities poised to maximise shareholders' wealth, they need to grow their revenue while at the same time keep their cost of funds as low as possible. The threats to achieving this come from the mandatory cash reserve ratio that restricts reasonable chunk of deposits from being invested, and their attempt to build-up deposit portfolio that tilts more towards non-interest paying demand deposit. Since the most profitable assets of the DMBs are the loans and advances, the booking of these risk assets for credit worthy customers who will meet maturing obligations as at when due, constitutes the greatest task to management. This paper is a study to determine how effective risk management practices have been among the DMBs in the Nigerian financial services sector. Survey research design was employed. The study population consisted of twenty-six (26) DMBs from which 10 were selected using purposive sampling technique. The primary data were obtained through a validated structured questionnaire. Reliability of the instrument was assessed, yielding Cronbach's Alpha coefficients for the constructs that ranged between 0.818 and 0.873. The collected data were analysed using Relative Importance Index (RII) and Mean Score Index. Findings revealed that risk management practices were effective among the DMBs in Nigeria with RII of the 7 segments in the risk management practices above 0.80. The board of directors' involvement came highest with 0.90. The use of loan syndication came last with 0.82 within the risk management strategy segment. The study concluded that the active interest of the board of directors in the risk management practices contributed immensely to the effectiveness among the DMBs. The study recommends that the Central Bank of Nigeria should bring down the cash reserve ratio that restricts credit creation and causes high cost of funds, and also pay interest rate on cash reserves held by the bank.
机译：存款银行（DMB）面临着严峻的挑战，要想赢利运营。随着企业实体准备最大化股东的财富，他们需要增加收入，同时保持尽可能低的资金成本。实现这一目标的威胁来自强制性现金储备比率，该比率限制了合理的存款被投资，以及他们试图建立更倾向于无息活期存款的存款组合。由于DMB的最有利可图的资产是贷款和预付款，因此，为有信誉的客户（这些客户将在到期时承担到期债务）预订这些风险资产是管理层的最大任务。本文是一项研究，旨在确定尼日利亚金融服务部门的DMB之间如何有效地进行风险管理。使用调查研究设计。研究人群由二十六（26）个DMB组成，其中使用有针对性的采样技术从中选择了十个。主要数据通过经过验证的结构化问卷获得。评估了仪器的可靠性，得出了构造的Cronbach's Alpha系数在0.818至0.873之间。使用相对重要性指数（RII）和平均得分指数分析收集的数据。调查结果表明，在尼日利亚的DMB中，风险管理实践是有效的，风险管理实践中7个细分市场的RII均高于0.80。董事会的参与度最高，为0.90。在风险管理策略领域内，银团的使用最后是0.82。研究得出结论，董事会对风险管理实践的积极兴趣极大地促进了DMB的有效性。该研究建议，尼日利亚中央银行应降低现金储备比率，以限制信贷创造并导致高昂的资金成本，并应为该银行持有的现金储备支付利率。

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