The Financial Performance of Nigerian Manufacturing Firms and Risk Management Practices

Abere Omotayo Johncally, Saka, Shafau Toyin
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Abstract

The techniques of risk management and the financial results of Nigerian manufacturing companies were the main topics of this essay. The study used a quantitative, cross-sectional research design. In order to analyze the data that was collected for the study, both descriptive and inferential methods were used. The hypotheses were tested using the regression method at the 0.05 or 5% level of significance. According to this study, risk management practices greatly improve the performance of manufacturing organizations, and Risk Awareness and control has a considerable impact on that performance. As a result of the study’s findings, it was suggested that management in the manufacturing sector make sure their Risk Awareness and control is efficient and effective since it has an impact on how well manufacturing organizations operate. Manufacturing company management should guarantee that effective risk management practices, such as early risk identification, risk assessment, and efficient risk Control/Reduction system, are in place to assure an increase in the performance of the manufacturing sector.
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尼日利亚制造企业的财务绩效和风险管理实践
风险管理技术和尼日利亚制造公司的财务结果是本文的主要主题。该研究采用了定量的横断面研究设计。为了分析为研究收集的数据,使用了描述性和推断性方法。采用回归方法在0.05或5%的显著性水平上对假设进行检验。根据本研究,风险管理实践极大地提高了制造组织的绩效,风险意识和控制对绩效有相当大的影响。根据研究结果,建议制造业的管理层确保他们的风险意识和控制是高效和有效的,因为它对制造组织的运作有影响。制造公司管理层应确保有效的风险管理实践,如早期风险识别、风险评估和有效的风险控制/降低系统,以确保制造部门绩效的提高。
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