RISK KNOWLEDGE SHARING AND ENTERPRISE RISK MANAGEMENT IMPLEMENTATION IN T

This study has investigated the Influence of risk knowledge sharing on Enterprise risk management (ERM) framework implementation among 47 financial institutions in Nigeria. Questionnaires were administered to those in charge with risk management practices (i.e. chief risk officers and other senior level managers) of the sampled firms. The study utilized PLS-SEM causal modelling with the aid of SmartPLS 2.0 M3 program software to test the hypothesized relationship. The results of the analysis indicated that risk knowledge sharing have significant positive effect on ERM framework implementation in the Nigerian financial industry. The study recommends the need for firms in the financial industry to deploy more resources to engage in risk knowledge sharing as a knowledge management strategy to improve ERM practices.