Risk Assessment and Financial Performance of Hospitality Firms in Rivers State, Nigeria

This study investigates the influence of risk assessment on the financial performance of Hospitality Firms in Rivers State, Nigeria, focusing on the dimensions of risk identification, risk analysis, and risk control, and measuring performance through Net Profit Margin (NPM), Earnings per Share (EPS), and Return on Investment (ROI). Employing a quantitative research design, data were collected from 30 selected hospitality firms in rivers state using structured questionnaires and secondary financial reports. Descriptive statistics, correlation analysis, and regression techniques were used to analyse the data. The findings reveal that all dimensions of risk management significantly affect financial performance, with risk identification and control exhibiting the strongest impact. The study concludes that effective risk assessment enhances firm profitability, shareholder value, and sustainable financial growth. The research recommends the adoption of integrated enterprise risk management frameworks, staff training, and technology driven risk monitoring to optimize financial outcomes. These insights provide a practical guide for managers and policymakers seeking to improve organizational resilience and value creation in uncertain business environments.