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

  • Asad Khan Abdul Wali Khan University Mardan
  • Muhammad Ibrahim Khan Institute Of Business Studies and Leadership, Abdul Wali Khan University Mardan, Mardan, Pakistan
  • Niaz Ahmed Bhutto

Abstract

Despite the pivotal role of risk management very limited research is carry out on the issue of firm’s risk management capability and value creation. This study aims to analyze the impact of firms risk management capabilities on firm performance and cost. Using panel data technique a sample of 301 non financial firms 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.

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Author Biographies

Asad Khan, Abdul Wali Khan University Mardan

PhD Scholar,

Institute Of Business Studies and Leadership,

Faculty of Business and Economics,

Abdul Wali Khan University Mardan, Mardan,

Pakistan

Muhammad Ibrahim Khan, Institute Of Business Studies and Leadership, Abdul Wali Khan University Mardan, Mardan, Pakistan

Assistant Professor,

Institute Of Business Studies and Leadership,

Abdul Wali Khan University Mardan,

Mardan, Pakistan

Niaz Ahmed Bhutto

Professor,

Department of Management Sciences,

Sukkur IBA University,

Pakistan

Published
2020-01-22
How to Cite
KHAN, Asad; KHAN, Muhammad Ibrahim; BHUTTO, Niaz Ahmed. Reassessing the Impact of Risk Management Capabilities on Firm Value: A Stakeholders Perspective. Sukkur IBA Journal of Management and Business, [S.l.], v. 6, n. 2, p. 81-98, jan. 2020. ISSN 2410-1885. Available at: <http://journal.iba-suk.edu.pk:8089/SIBAJournals/index.php/sijmb/article/view/282>. Date accessed: 28 may 2020. doi: https://doi.org/10.30537/sijmb.v6i2.282.