Enterprise Risk Management (ERM) and Firm’s Performance: A Study of Listed Manufacturing Firms in Nigeria

Increased volatility in the business world has exposed inadequacy of traditional approaches to risk management. This led an integrated approach measuring and managing risks known as enterprise management (ERM). At same time, past studies on ERM disclosures have examined it within context book-based approach, which not given right accurate information. However, this paper significance listed manufacturing firms' financial performance Nigeria using both market-based approach. Relevant theories relation such Agency Theory, Stakeholders Enterprise Risk Management Theory were examined. A panel data analysis was employed time series cross-sectional thirty firms from 2010 2018. The random effect Hausman test found be more appropriate hence adopted interpreting results analysis. confirm a priori expectations that profitability ratio, liquidity ration board committee, size, firm directors’ ownership all varied impact firm’s with statistical levels.