Reassessing the Impact of Risk Management Capabilities on Firm Value: A Stakeholders Perspective
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.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Sukkur IBA Journal of Management and Business - SIJMB holds the rights to all the published papers. Authors retain the copyright. Authors are required to sign the consent to publish & copyright agreement to make sure that the article/paper/work is solely published in SIJMB and never been published before or will be published after publication in SIJMB to any other journal. However, authors and readers may freely read, download, copy, distribute, print, search, or link to the full texts of articles and to use for any other lawful & non-commercial purpose.