DANSU SEWHENU FRANCIS

Insurance

At the Insurance department office

Appointment on Visitation important

Topic: Fear Of Risk And Entrepreneurial Success: A Study Of SMEs Owners In Lagos State

Description: Small and Medium-sized Enterprises SMEs play a vital role in economic development. However, despite the significance of risk-taking and risk management in defining the success of entrepreneurs, most of them are risk averse. Hence the need to explore the relationship between fear of risk and entrepreneurial success among SMEs owners. The objective of the study is to examine the effect of the fear of risk on entrepreneurial success by identifying the types of risks that SMEs owners fear most and also to investigate the strategies used by SMEs owners to manage risk.The study will employ a quantitative research approach, using surveys or questionnaires to collect data from SMEs owners. The study aims to provide insights into the relationship between fear of risk and entrepreneurial success, highlighting the strategies used by successful entrepreneurs to manage risk. The findings of this study will contribute to the understanding of risk management in entrepreneurship, providing valuable insights for SMEs owners, policymakers, and entrepreneurship educators. It also will contribute to the existing literature on entrepreneurship and risk management, offering practical implications for SMEs owners and policymakers.

#	Certificate	School	Year
1.	Ph.D (Risk Management and Insurance)	Department of Actuarial Science and Insurance, University of Lagos, Akoka, Lagos, Nigeria.	2018

Enterprise Risk Management Practices and Firm Value: Evidence from Listed Non-life Insurance Companies in Nigeria.

The study investigated the individual and joint influence of enterprise risk management practices strategy, operations and compliance on firms value among listed non-life insurance companies in Nigeria. The study adopted ex post facto research design. Census sampling was employed to accommodate the eleven listed non-life insurance companies in Nigeria. The data gleaned for the purpose of the study with the aid of E-Views and the statistical tool employed was multiple regression analysis. The study revealed that strategy and operations individually influence enterprise risk management while compliance did not with P-value of 0.0345, 0.0256 and 0.3841respectively. However, there is no joint influence of enterprise management practices on the firms values of listed non-life insurance companies in Nigeria with p-value at 0.8898. Therefore, listed non-life the companies must prioritize operational and strategic enhancements within their ERM frameworks while examining more efficient ways to incorporate compliance into the firms risk management architecture. Based on findings, it was recommended that listed non-life insurance companies should create and execute plans that complement their long-term goals by expanding the market, diversifying product offerings, and using technology to gain competitive edge. They were enjoined to include compliance into more extensive strategic and operational activities.

DANSU FRANCIS is a Senior Lecturer at the Department of Insurance

DANSU has a Ph.D in Risk Management and Insurance from Department of Actuarial Science and Insurance, University of Lagos, Akoka, Lagos, Nigeria.