MS / M.Phil

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Browsing MS / M.Phil by Author "Amina Shahbaz"

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    Impact of Enterprise Risk Management on Firm Value
    (UMT.Lahore, 2018-12) Amina Shahbaz
    The objective of this study is to investigate the relationship between ERM (crediting) ratings and firm’s value and to examine whether the implementation of ERM increases financial performance. Enterprise risk management has been studied indigenously as well as internationally which is also evident from literature but no researches have been found that is based on south Asian countries directing the ERM’s implications in firm’s value. Therefore, this scholarly work will help to study the implementation and effects of ERM firm value of commercial banks of south Asian countries. This study uses available credit rating as an alternative for each country because south Asian countries do not have S&P credit rating. The investigation utilized STATA 12 programming to complete the measurable examination. The examination uses dynamic panel estimator. The investigation uses a GMM estimator, which empowers us to deal with the endogeneity issue inside the setting of dynamic board information models. The theories are tried by utilizing Framework Summed up Technique for Development (SGMM). The value of Q is the highest in China followed by Sri Lankan firms. Similarly, the ERM-score have the highest mean score for Chinese firms followed by India, Bangladesh, Sri Lankan and Pakistan. The Pearson coefficients between the explanatory and dependent variables are used to check multicollinearity among components in exact models. From the results, it might be seen that among the elements no high relationship is found. The examination first relapse Tobin's Q on ERM-score for all of the sub-test, included alone in free relapses. The proof loans support to the speculations that expansion in FICO score appraisal is connected with augmentation in firm an incentive in Pakistan, Sri Lanka and China. In any case, the outcome is insignificant in India and Bangladesh. For the ROE, the indications of the assessed coefficients are positively significant in all samples. This proof recommends that ROE is considered to be more vital; thus ROE upgrades their valuation. Further, the examination looks at the effect of credit rating and other firm control variables on ROA. The ERM-score and ROA is found to have positive and measurably noteworthy affiliation. The peripheral impacts displayed uncover that an ascent of one score in rating score results in a normal increment of 0.34 in Pakistan, 0.02 in India, 0.0083 in Bangladesh, and 0.0087 in Sri Lanka and 0.0209 in Chinese firms.