Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

Risk Management in the Distribution of Delicate Product and Business Performance in Rivers State

Kianga Igbanibo AND Kalu S. E.

Abstract

The basic nature of risk and how a firm reacts to it will determine whether it will enhance business performance survive or not. Risk management itself, is a concept that has been adopted from time unknown and is still evolving. The broad objective of this study is to analyze the effect of risk management in the distribution of delicate products and business performance in Rivers State. The survey design was adopted for the study and the questionnaire was used to source for primary data. The simple random sampling technique was employed to choose 296 entrepreneurs from selected delicate product firms in Rivers State. The simple regression method was used to test the influence of risk management in the distribution of delicate products and business performance in Rivers State. The findings of the study reveal that risk management significantly contribute to business performance in the distribution of delicate products in Rivers State. The study recommends that delicate product firms should pay more attention to risk management and increase investments in that area to ensure its ability to enhance business performance.

Keywords

Business performanceDelicate productsRisk managementRivers State

References

Adeusi, S.O., Akeke, N.I., Adebisi, O.S. and Oladunjoye, O. (2013). Risk Management and Financial Performance of Banks in Nigeria. Journal of Business and Management, 14(6), 52-56. Fauero, L. P., Balfiore, P., Da Silver. F. L & Chain, B. L. (2009), Analise de dados, Modelagem Mut Variadapara Tomajda de decisoes. Riode Janeiro: Elsevier. Fiero, J.C. Melero, I. & Seso, J. (2015). Managing complaints to improve customer profitability, Journal of Retailing 91(1), 109-124. Harland, C., Brenchley,R & Walker,H (2003). Risk in supply networks. Journal of Purchasing and Supply Management, 9, pp. 51-62. Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. The American Economic Review, 48(3), 261e297. Mugo, S. G. (2013). Logistics out sourcing and the supply chain performance of mobile phone. University of Narobi Kenya. Neely, A. (1999). The performance measurement revolution why now and what next? International Journal of Operations of Production Management, 19.205-228. Nimalathasan, B. & Pratheepkanth, P. (2012). Systematic Risk Management and Profitability: A Case Study of Selected Financial Institutions in Sri Lanka. Global Journal of Management and Business Research, 12(17), 40-43. Rufai, A.S. (2013). Efficacy of Credit Risk Management on the Performance of Banks in Nigeria: a Study of Union Bank Plc. Global Journal of Management and Business Research Administration and Management, 13(4), 1-12 Soyemi, K.A., Ogunleye, J.O. & Ashogbon, F.O. (2014). Risk management practices and financial performance: evidence from the Nigerian deposit money banks. The Business & Management Review, 4(4), 345-354. Tolba, A., Seoudi, I. & Meshreki, H. (2015). Effect of justice in complaint handling on customer loyalty: Evidence from Egypt. Global Journal of Business Research. 9(3), 1- 14 Woods, M. (2009). A contingency theory perspective on the risk management control system within Birmingham City Council. Management Accounting Research, 20(1), 69e Yahaya, O. A., Lamidi, Y. S. Kutigi, Umar M & Ahmed, M. (2015). The Correlation between Risk Management and Organizational Performance: An Empirical Investigation using Panel Data Research Journal of Finance and Accounting, 6, (16), 136- Zekai ?., Süleyman, S & Seda E (2017.) The effects of financial risk management on firm’s value: empirical evidence from Borsa Istanbul Stock Exchange1. Paper is presented in the 21st Financial Symposium in Edremit-Bal?kesir, Turkey on 18-21 October 2017. 27-45.

More Articles from IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT