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With the advancement in the global economy, corporate risk management has been more impactfully implemented by firms and equally become a topic of scholarly studies. However, most of these studies are from different contexts. The purpose of this study is to assess the relationship between enterprise risk management (ERM) structure and the financial performance of Nigerian listed Services Sector firms from 2010 to 2019. The study relates risk governance structure to firms financial performance. The ex post facto research design was adopted, and data were collected from the annual reports and accounts of selected firms with a complete set of data for the study. From the study population of 25 firms, a final sample of 21 Services Sector firms. Descriptive and inferential statistics of regression analysis stacked as panel data was employed for data analysis. The study results revealed that risk management committee had a negative and insignificant relationship with ROA but significant with Tobin-Q. The size of the audit committee, however, exhibited a positive and insignificant relationship with ROA but a significant relationship with Tobin-Q. Furthermore, the study revealed an insignificant negative relationship between board finance experts with all financial performance (both ROA & Tobin-Q). However, chief risk officer exhibited a positive and significant relationship with firm performance (both ROA & Tobin-Q). It was, therefore, concluded that although the firms have structures of ERM governance in place to meet the legal requirement, the innovations aimed at improving market evaluation are yet to be deeply rooted in the listed services firms in Nigeria. It contributed through evidence of mixed relationship between risk management structure and firm performance in an under-investigated context such as Nigeria. It was recommended that the firms should adopt effective risk management structural practices as a strategy for enduring growth and survival in the face of environmental complexity. Also, further research is suggested to extend the study by widening the scope and context of the research.

Purpose This paper aims to critically review the strategies for prevention of illicit financial flows to and from developing countries with a view of ascertaining the most effective strategies to be selected and implemented by developing countries to stem the scourge. Design/methodology/approach The peer-reviewed journal articles were studied; those that discussed illicit financial flows were selected and reviewed critically using the systematic quantitative assessment techniques together with an output table. Findings The critical review deduced that enacting effective trade laws, trade regulations, creating a beneficial ownership registry, multinational companies disclosing information on business, automatic exchange of information on tax issues, the Financial Action Task Force 40 guidelines on anti-money laundering and countering financing of terrorism and domestic and international cooperation are the most reliable strategies that should be implemented by developing countries. Research limitations/implications The wide geographic scope of developing countries, use of only high-quality databases that restricted the use of other articles and use of public sector perspective are the limitations for this paper. Originality/value This study is amongst the limited works to discuss the most reliable and effective strategies to prevent illicit financial flows in developing countries.

Entrepreneurship has emerged as promising new solutions to solve societal problems. This study seeks is to analyses how entrepreneurial orientation i.e. proactiveness, competitive aggressiveness autonomy, innovation, and risk-taking influence firms’ performance in Abuja. To fulfil this purpose, survey research design and a theoretical framework were developed depicting the different entrepreneurial orientations and firm performance in its context. Sampling technique of simple random was adopted in which only one hundred and ten (110) SMEs in Abuja responded to the survey questionnaire and a total of ninety-seven (97) valid responses were judged to be appropriate. The descriptive statistics and as well as inferential statistical tool was used to analyses the data. It was revealed that proactiveness, risk-taking and autonomy are positive and significantly related to business performance while, competitiveness was positive but insignificant. It is recommended that similar studies should be replicated to validate this result.Keywords: Entrepreneurial orientation; Firms Performance; Technology-based SMEsJEL Classifications: L25, L26DOI: https://doi.org/10.32479/ijefi.9126