Risk governance and cybercrime: the hierarchical regression approach

Olayinka Adedayo Erin (), Adebola Daniel Kolawole () and Abdurafiu Olaiya Noah ()
Additional contact information
Olayinka Adedayo Erin: Covenant University
Adebola Daniel Kolawole: Afe Babalola University
Abdurafiu Olaiya Noah: Coventry University

Future Business Journal, 2020, vol. 6, issue 1, 1-15

Abstract: Abstract This study examines the impact of risk governance on cybercrime of selected listed firms in the Nigerian financial institutions. To achieve this, a sample size of 50 listed companies from the Nigerian financial sector was selected for the years 2013–2017, resulting in 250 observations. The study employed the use of hierarchical regression analysis to test the impact of risk governance variables (Chief Risk Officer_centrality, Enterprise Risk Management_index, Chief Risk Officer_presence, Board Risk Committee_size, Board Risk Committee_activism, and Board Risk Committee_independence) and other control variables such as corporate governance variables (Board Size and Board of Directors_independence) and firm characteristics variables (Firm size and firm age) on cybercrime. The study observed from the findings that almost all the explanatory variables present a positive and significant relationship with cybercrime, except the Chief Risk Officer_presence, firm age and Board Risk Committee_size which revealed an insignificant relationship with cybercrime. The study concludes that risk governance variables and other variables are likely to reduce and minimize the impact of cybercrime on the sampled firms used in this study.

Keywords: Cybercrime; Chief Risk Officer; Enterprise Risk Management; Financial loss; Nigerian financial sector; Risk governance (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1186/s43093-020-00020-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:futbus:v:6:y:2020:i:1:d:10.1186_s43093-020-00020-1

Ordering information: This journal article can be ordered from
https://fbj.springeropen.com/

DOI: 10.1186/s43093-020-00020-1

Access Statistics for this article

Future Business Journal is currently edited by Soad Kamel Rizk and Hayam Wahba

More articles in Future Business Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().