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Managing Risk Factors through Corporate Governance for Financial Institutions of Pakistan

Author

Listed:
  • Asim Nasar

    (Khadim Ali Shah Bukhari Institute of Technology (KASBIT), Karachi, Pakistan.)

  • Muhammed Saleem Mugheri

    (Institute of Business and Technology (IBT), Karachi, Pakistan.)

  • Zeeshan Rahaman

    (Federal Urdu University of Arts Science and Technology, Karachi, Pakistan.)

Abstract

Managing risk factors in financial organizations has gained more importance in recentyears because of financial crisis after recession. The purpose of study is to identify the challenges and their proposed solutions to handle the crisis under umbrella of good governance practices. The specific objective of this study is to find out the factors and challenges that effect the business of financial institutions via practicing the good governance. In accordance to this critical situation has been evaluated with the help of risk regulatory model that covers the identifying, measuring evaluating and monitoring techniques for financial institutions in Pakistan.This study also emphasis on strategies and ways to eliminate organizational internal and external risk factors through policies and modifying business models in order to get the sustainable business position and organization growth. The research findings based upon the systematic review of literature and qualitative survey from the industrial experts. This study reveals that the risk factors directly associated with the sustainable business growth when organization pays worthy attention towards the corporate governance. It also empowered the organization to build a wealthy relationship with the customers and helps to retain the small investment of customer with diversified banking products.

Suggested Citation

  • Asim Nasar & Muhammed Saleem Mugheri & Zeeshan Rahaman, 2013. "Managing Risk Factors through Corporate Governance for Financial Institutions of Pakistan," KASBIT Business Journals (KBJ), Khadim Ali Shah Bukhari Institute of Technology (KASBIT), vol. 6, pages 114-123, December.
    • Handle: RePEc:ksb:journl:v:6:y:2013:p:114-123
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    File URL: http://kasbit.edu.pk/kbjvol6/10-Good%20Governance%20Practices%20%E2%80%93%20Works%20as%20a%20Catalyst%20towards%20managing%20accounting%20risk%20and%20control%20strategy.pdf
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    References listed on IDEAS

    as
    1. Fadi Alkaraan & Deryl Northcott, 2007. "Strategic investment decision making: the influence of pre‐decision control mechanisms," Qualitative Research in Accounting & Management, Emerald Group Publishing Limited, vol. 4(2), pages 133-150, June.
    2. Lambert, Richard A., 2001. "Contracting theory and accounting," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 3-87, December.
    3. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Sattar Khan & Yasir Kamal & Shahid Hussain & Muhammad Abbas, 2022. "Corporate governance looking back to look forward in Pakistan: a review, synthesis and future research agenda," Future Business Journal, Springer, vol. 8(1), pages 1-32, December.

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    More about this item

    Keywords

    Governance practices; Risk management and Control; Financial Institution.;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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