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2025
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| Online Access: | https://doi.org/10.5281/zenodo.17843839 |
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| author | DR. CHIGOZI. J. WIKPE, DR. CHIGOZI. J. WIKPE JOY GODDEY WILSON,, JOY GODDEY WILSON, |
| author_facet | DR. CHIGOZI. J. WIKPE, DR. CHIGOZI. J. WIKPE JOY GODDEY WILSON,, JOY GODDEY WILSON, |
| contents | <p><strong>CORPORATE GOVERNANCE MECHANISMS AND RISK MANAGEMENT</strong><br><strong>OUTCOMES IN PORT HARCOURT FINTECH FIRMS</strong><br><strong>DR. CHIGOZI. J. WIKPE,</strong><br>DEPARTMENT: ACCOUNTING<br>FACULTY: ADMINISTRATION AND MANAGEMENT<br>INSTITUTION: IGNATIUS AJURU UNIVERSITY<br>cwikpejohnson@yahoo.com<br><strong>JOY GODDEY WILSON,</strong><br>DEPARTMENT: ACCOUNTING<br>FACULTY: ADMINISTRATION AND MANAGEMENT<br>INSTITUTION: IGNATIUS AJURU UNIVERSITY<br>joygoddeywilson@gmail.com<br><strong>ABSTRACT</strong><br>This study examined the relationship between corporate governance mechanisms and risk<br>management outcomes in Port Harcourt Fintech firms. The research focused on four key governance<br>variables: board size, board independence, audit committee effectiveness, and ownership structure<br>and their influence on operational effectiveness. A descriptive and correlational research design was<br>adopted, and data were collected through structured questionnaires administered to board members,<br>auditors, and senior management staff of selected Fintech firms. The data were analysed using<br>correlation and multiple regression techniques. Findings revealed that all corporate governance<br>mechanisms had significant positive relationships with risk management outcomes. Specifically,<br>board independence and audit committee effectiveness had the strongest impact, indicating that firms<br>with more independent boards and effective audit oversight demonstrated superior operational<br>effectiveness. Board size and ownership structure also contributed significantly, suggesting that<br>diverse boards and transparent ownership enhance risk governance. The study concluded that sound<br>corporate governance structures are essential for promoting accountability, transparency, and<br>effective risk control in Port Harcourt’s rapidly expanding Fintech sector. The researcher<br>recommended that Fintech firms strengthen board independence, improve audit committee<br>functionality, and promote transparent ownership structures to ensure robust governance and<br>sustainable risk management outcomes in line with regulatory and global best outcomes.<br>Keywords: Corporate Governance, Risk Management, Fintech Firms, Board Independence, Audit<br>Committee Effectiveness<br>1.1 INTRODUCTION<br>The emergence of Financial Technology (Fintech) firms has transformed Port Harcourt’s financial<br>landscape, driving innovation, financial inclusion, and digital payment solutions. The Fintech<br>industry has experienced exponential growth over the past decade, supported by increased<br>smartphone penetration, a youthful population, and government policies promoting digital finance.</p> |
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| spellingShingle | CORPORATE GOVERNANCE MECHANISMS AND RISK MANAGEMENT OUTCOMES IN PORT HARCOURT FINTECH FIRMS DR. CHIGOZI. J. WIKPE, DR. CHIGOZI. J. WIKPE, DR. CHIGOZI. J. WIKPE JOY GODDEY WILSON,, JOY GODDEY WILSON, <p><strong>CORPORATE GOVERNANCE MECHANISMS AND RISK MANAGEMENT</strong><br><strong>OUTCOMES IN PORT HARCOURT FINTECH FIRMS</strong><br><strong>DR. CHIGOZI. J. WIKPE,</strong><br>DEPARTMENT: ACCOUNTING<br>FACULTY: ADMINISTRATION AND MANAGEMENT<br>INSTITUTION: IGNATIUS AJURU UNIVERSITY<br>cwikpejohnson@yahoo.com<br><strong>JOY GODDEY WILSON,</strong><br>DEPARTMENT: ACCOUNTING<br>FACULTY: ADMINISTRATION AND MANAGEMENT<br>INSTITUTION: IGNATIUS AJURU UNIVERSITY<br>joygoddeywilson@gmail.com<br><strong>ABSTRACT</strong><br>This study examined the relationship between corporate governance mechanisms and risk<br>management outcomes in Port Harcourt Fintech firms. The research focused on four key governance<br>variables: board size, board independence, audit committee effectiveness, and ownership structure<br>and their influence on operational effectiveness. A descriptive and correlational research design was<br>adopted, and data were collected through structured questionnaires administered to board members,<br>auditors, and senior management staff of selected Fintech firms. The data were analysed using<br>correlation and multiple regression techniques. Findings revealed that all corporate governance<br>mechanisms had significant positive relationships with risk management outcomes. Specifically,<br>board independence and audit committee effectiveness had the strongest impact, indicating that firms<br>with more independent boards and effective audit oversight demonstrated superior operational<br>effectiveness. Board size and ownership structure also contributed significantly, suggesting that<br>diverse boards and transparent ownership enhance risk governance. The study concluded that sound<br>corporate governance structures are essential for promoting accountability, transparency, and<br>effective risk control in Port Harcourt’s rapidly expanding Fintech sector. The researcher<br>recommended that Fintech firms strengthen board independence, improve audit committee<br>functionality, and promote transparent ownership structures to ensure robust governance and<br>sustainable risk management outcomes in line with regulatory and global best outcomes.<br>Keywords: Corporate Governance, Risk Management, Fintech Firms, Board Independence, Audit<br>Committee Effectiveness<br>1.1 INTRODUCTION<br>The emergence of Financial Technology (Fintech) firms has transformed Port Harcourt’s financial<br>landscape, driving innovation, financial inclusion, and digital payment solutions. The Fintech<br>industry has experienced exponential growth over the past decade, supported by increased<br>smartphone penetration, a youthful population, and government policies promoting digital finance.</p> |
| title | CORPORATE GOVERNANCE MECHANISMS AND RISK MANAGEMENT OUTCOMES IN PORT HARCOURT FINTECH FIRMS DR. CHIGOZI. J. WIKPE, |
| url | https://doi.org/10.5281/zenodo.17843839 |