Management Studies and Business Journal
Vol. 1 No. 7 (2024): Management Studies and Business Journal (PRODUCTIVITY)

The Effectiveness of Risk Management Practices in Financial Institutions: A Meta-Analysis

Nur, Ririn Apriana M. (Unknown)



Article Info

Publish Date
30 Jul 2024

Abstract

This research aims to evaluate the effectiveness of risk management practices in financial institutions through a meta-analysis approach to published studies. Using a systematic literature review methodology and PRISMA guidelines, this research identifies and analyzes data from a number of relevant studies, covering various types of risk such as credit, market, liquidity and operational risks. The results show that although risk management practices are generally effective, there are significant variations in such effectiveness depending on the type of financial institution and geographic context. These findings underscore the importance of adapting risk management practices to suit the specific characteristics of the institution and the risk environment it faces. This research also makes a theoretical contribution by filling the gap in the literature regarding the systematic evaluation of risk management practices, as well as offering practical implications that can be used for policy development in the financial sector.

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Journal Info

Abbrev

productivity

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Management Studies and Business Journal (PRODUCTIVITY) reviewed covers theoretical and applied research in the field of Management and Business. Priority is given to those articles which satisfy the main scope of the journal, and have an impact in the research areas of interest. PRODUCTIVITY Journal ...