Risk and Financial Management 2021-07-13T07:42:38+08:00 Lan Smith Open Journal Systems <p><em>Risk and Financial Management</em>&nbsp; (ISSN 2690-9790 E-ISSN 2690-9804) is an international, double-blind peer-reviewed, open-access journal published by the&nbsp;IDEAS SPREAD&nbsp;in United&nbsp;States.&nbsp;<em>Risk and Financial Management</em>&nbsp;is quarterly, published in March, June, September and December.<br> The<em> Risk and Financial Management&nbsp;</em>adheres to rigorous peer-review as well as editorial processes, and publishes leading research on financial management and risk management. The goal of&nbsp;<em>RFM</em>&nbsp;is to enable rapid dissemination of high impact research to the scientific community.</p> The Determinants of Insurance Firm Value with Enterprise Risk Management (ERM) as Intervening Variable 2021-07-13T07:42:38+08:00 Achmad Achsan Zainul Mafakhir Shaleh Augustina Kurniasih <p>This study aims to examine and analyze the ability of the ERM (enterprise risk management) to mediate the influence of the firm size, leverage, profitability, and institutional ownership on the firm value of the insurance sub-sector listed on the Indonesia Stock Exchange for the period 2015-2019. This study used 12 samples from 16 insurance companies listed on the IDX in 2020 that met the criteria for purposive sampling. The data were processed using a path analysis approach. The results of the research show that firm size has a significant positive effect on ERM, DER and ROA has a significant negative effect on ERM, and institutional ownership were found to have no effect on ERM. Meanwhile, DER and institutional ownership have a significant negative effect on firm value, while firm size, ROA and ERM have no effect on firm value. Using the Sobel Test it was found that ERM as intervening variable was unable to mediate the effect of firm size, DER, ROA, institutional ownership on firm value.</p> 2021-05-26T00:00:00+08:00 ##submission.copyrightStatement## Energy and Economic Development in Nigeria: An Econometric Approach based on Fractional Integration 2021-07-13T07:42:38+08:00 Luis Alberiko Gil-Alana Samuel Chibuzor Umeh <p>The relationship between economic development and energy in Nigeria is examined in this work. An econometric model is developed to ccount for the factors affecting economic growth and development in the country. The results show that the variables have long memory and all except electricity consumption are non-mean reverting.&nbsp; The series are heterogeneous with respect to the order of integration. Using OLS regressions with fractionally integrated errors, we found that electricity consumption, oil prices, electricity prices, real interest rate and employment affect GDP per capita with only real interest rate having a negative relationship. Policy recommendations are proposed in the article.</p> 2021-05-28T00:00:00+08:00 ##submission.copyrightStatement##