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

Asad Khan (), Muhammad Ibrahim Khan and Niaz Ahmed Bhutto
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Asad Khan: Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, Pakistan
Muhammad Ibrahim Khan: Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, Pakistan
Niaz Ahmed Bhutto: Sukkur IBA University

Sukkur IBA Journal of Management and Business, 2019, vol. 6, issue 2, 81-98

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.

Keywords: Risk Management; Firm Cost; Operational Cost; Production Cost; Dynamic Capabilities (search for similar items in EconPapers)
JEL-codes: C23 G30 G32 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ibajmb:0062

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