International records / OpenAlex research

Risk Retention Strategies and Firm Value of Listed Insurance Firms in Nigeria

This study investigated the effect of risk retention strategies on the firm value of listed insurance firms in Nigeria. The study was motivated by the need to understand how internal risk financing decisions influence market valuation in the insurance sector. The specific objectives were to determine the effect of underwriting risk retention, claims reserve retention, and capital based risk retention on firm value measured by Tobin’s Q. Panel data were collected from eight listed insurance firms covering the period 2018 to 2024, resulting in 56 firm year observations. The data were analysed us…