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Reassessing the Impact of Risk Management Capabilities on Firm Value: A Stakeholders Perspective

Author

Listed:
  • Khan, Asad

    (Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, Pakistan)

  • Khan, Muhammad Ibrahim

    (Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, Pakistan)

  • Bhutto, Niaz Ahmed

    (Sukkur IBA University)

Abstract

This study aims to analyze the impact of firm’srisk management capabilities on firm performance and cost. Using panel data technique,a sample of 301 non-financialfirms was analyzed for the time period on five years starting from 2011 to 2015. We assert that effective risk capabilities have positive impact on all stakeholders. The effective risk management capabilities guarantee more resilience to exogenous and endogenous risks.Our findings will have a significant impact on existing literature, by extending the existing knowledge of firm’s risk management capabilities into the domain of diverse stakeholders and resources adjustment.

Suggested Citation

  • Khan, Asad & Khan, Muhammad Ibrahim & Bhutto, Niaz Ahmed, 2019. "Reassessing the Impact of Risk Management Capabilities on Firm Value: A Stakeholders Perspective," Sukkur IBA Journal of Management and Business, Sukkur IBA University, vol. 6(2), pages 81-98, July-Dece.
    • Handle: RePEc:ris:ibajmb:0062
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    More about this item

    Keywords

    Risk Management; Firm Cost; Operational Cost; Production Cost; Dynamic Capabilities;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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