The Role of Financial Risk Management in Predicting Financial Performance: A Case Study of Commercial Banks in Pakistan |
AHMED, Zeeshan
(Department of Management Sciences, University of Lahore Gujrat Campus)
SHAKOOR, Zain (Punjab College (UCP) Gujrat) KHAN, Mubashir Ali (Department of Management Sciences, University of Lahore Gujrat Campus) ULLAH, Waseem (National Bank of Pakistan) |
1 | Pais, A., & Stork, P. A. (2013). Bank size and systemic risk. European Financial Management, 19(3), 429-451. https://doi.org/10.1111/j.1468-036x.2010.00603.x DOI |
2 | Parlakkaya, R., Curuk, S. A., Kahraman, U. M., & Gulsah, S. E. N. (2020). Determination of factors affecting the profitability variables by panel data analysis in the Islamic banks: The case of Turkey. Bilimname, 4(2), 41-61. |
3 | Ferry, J. P., Vihriala, E., & Wolff, G. B. (2013). Options for a Euro-area fiscal capacity. Bruegel Policy Brief, 01. Available at: http://aei.pitt.edu/39060/ |
4 | Roodman, D. (2009). How to do Xtabond2: An Introduction to Difference and System GMM in Stata. The Stata Journal: Promoting Communications on Statistics and Stata, 9(1), 86-136. https://doi.org/10.1177/1536867x0900900106 DOI |
5 | Sujeewa, K. (2015). Impact of credit risk management on the performance of business banks. International Journal of Research Project and Innovative Technology, 2(7), 24-30. |
6 | Suranarayana, A. (2003). Risk management models: A primer. New Delhi: ICFAI Press |
7 | Tursoy, T., & Faisal, F. (2018). The impact of gold and crude oil prices on stock market in Turkey: Empirical evidences from ARDL bounds test and combined cointegration. Resources Policy, 55, 49-54. https://doi.org/10.1016/j.resourpol.2017.10.014 DOI |
8 | Upagade, V., & Shende, A. (2012). Research methodology 2nd Edition. Chand and Company ltd. |
9 | Waseem, A., & Abdul, S. (2014). Impact of interest rate changes on profitability of four major commercial bank in Pakistan. International Journal of Accounting and Financial Reporting, 4(1), 142-155. https://doi.org/10.5296/ijafr.v4i1.5630 DOI |
10 | Williams, B. (1998). Factors affecting the performance of foreign-owned banks in Australia: A cross-sectional study. Journal of Banking & Finance, 22(2), 197-219. https://doi.org/10.1016/s0378-4266(97)00054-x DOI |
11 | Zulfiqar, U., Mohy-ul-din, S., Abu-rumman, A., Al-shraah, A. E., & Ahmed, I. (2020). Insurance-Growth Nexus: Aggregation and Disaggregation. The Journal of Asian Finance, Economics, and Business, 7(12), 665-675. https://doi.org/10.13106/jafeb.2020.vol7.no12.665 DOI |
12 | Yuksel, S., Dincer, H., & Hacioglu, U. (2015). CAMELS-based determinants for the credit rating of Turkish deposit banks. International Journal of Finance and Banking Studies, 4(4), 1-17. https://doi.org/10.20525/ijfbs.v4i4.35 DOI |
13 | Zainol, Z., & Kassim, S. H. (2010). An analysis of Islamic banks' exposure to rate of return risk. Journal of Economic Cooperation and Development, 31(1), 59-84. https://www.researchgate.net/publication/265261645 |
14 | Zagonov, M., Keswani, A., & Marsh, I. W. (2009). Bank Regulations and Interest Rate Risk: An International Perspective. https://www.researchgate.net/profile/Ian-Marsh-5/publication/242707617 |
15 | Zairy, Z., & Salina, K. (2010). An Analysis of Islamic Banks' Exposure to Rate of Return Risk. Journal of Economic Cooperation and Development. 31. |
16 | Zou, Y., & Li, F. (2014). The impact of credit risk management on profitability of commercial banks: A study of Europe. Available at: https://www.diva-portal.org/smash/record.jsf?pid=diva2%3A743402&dswid=-2664 |
17 | Kolapo, T., Ayeni, R., & Oke, M. (2012). Credit risk and business banks' performance in Nigeria: A panel model approach. Australian Journal of Business and Management analysis, 2(2), 31-38. |
18 | Khan, W. A., & Sattar, A. (2014). Impact of Interest Rate Changes on the Profitability of four Major Commercial Banks in Pakistan. International Journal of Accounting and Financial Reporting, 4(1), 142. https://doi.org/10.5296/ijafr.v4i1.5630 DOI |
19 | Khawaja, I., & Musleh, D. (2007). Determinants of Interest unfold in Pakistan. The Pakistan Development Review, 46(2), 129-143. https://doi.org/10.30541/v46i2pp.129-143 DOI |
20 | Kolapo, T., & Dapo, F. (2015). The influence of rate of interest risk on the performance of deposit cash banks in Federal Republic of Nigeria. International Journal of social science, Commerce and Management, 3(5), 1219-1229. |
21 | Lu, W., & Yang, Z. (2012). Stress testing of commercial banks' exposure to credit risk: A study based on write-off nonperforming loans. Asian Social Science, 8(10), 16-29. https://doi.org/10.5539/ass.v8n10p16 DOI |
22 | Macit, F. (2012). What determines the non-performing loans ratio? Evidence from Turkish commercial banks. CEA Journal of Economics, 7(1). http://journal.cea.org.mk/index.php/ceajournal/article/view/108 |
23 | Baum, C. F., Schaffer, M. E., & Stillman, S. (2003). Instrumental variables and GMM: Estimation and testing. The Stata Journal, 3(1), 1-31. https://doi.org/10.1177/1536867x0300300101 DOI |
24 | Malik, Q. A., Hussain, S., Ullah, N., Waheed, A., Naeem, M., & Mansoor, M. (2021). Simultaneous Equations and Endogeneity in Corporate Finance: The Linkage between Institutional Ownership and Corporate Financial Performance. The Journal of Asian Finance, Economics and Business, 8(3), 69-77. https://doi.org/10.13106/jafeb.2021.vol8.no3.0069 DOI |
25 | Matthias, K. (2012). That banks square measure a lot of risky. The impact of loan growth and business model on bank risk-taking (Discussion Paper No. 33/2012) Retrieved from Deutsche Bundes Bank. |
26 | Ahmad, F. (2013). Corruption and information sharing as determinants of non-performing loans. Business Systems Research Journal, 4(1), 87-98. https://doi.org/10.2478/bsrj2013-0008 DOI |
27 | Anila, C. (2015). Factors touching performance of business banks in Balkan country. The Proceedings of Social Sciences. http://dx.doi.org/10.15405/epsbs.2015.05.3 DOI |
28 | Antoniou, A., Guney, Y., & Paudyal, K. (2006). The determinants of debt maturity structure: Evidence from France, Germany and the UK. European Financial Management, 12(2), 161-194. https://doi.org/10.1111/j.1354-7798.2006.00315.x DOI |
29 | Arif, A., & Anees, A. (2012). Liquidity risk and performance of banking industry, Journal of monetary Regulation and Compliance, 20(2), 182-195. https://doi.org/10.1108/13581981211218342 DOI |
30 | Balasubramaniam, C. S. (2012). Basel III Norms and Indian Banking: Assessment and Emerging Challenges. ABHINAV: National Monthly Refereed Journal of Research in Commerce and Management, 1(8), 39-52. |
31 | Fadun, O. S. (2013). Risk management and risk management failure: Lessons for business enterprises. International Journal of Academic Research in Business and Social Sciences, 3(2), 225. https://pdf4pro.com/view/risk-management-and-risk-management-failure-557db8.html |
32 | Din, S. M. U., Mehmood, S. K., Arfan Shahzad, I. A., Davidyants, A., & Abu-Rumman, A. (2020). The Impact of Behavioral Biases on Herding Behavior of Investors in Islamic Financial Products. Frontiers in Psychology, 11. https://doi.org/10.3389/fpsyg.2020.600570 DOI |
33 | Din, S. M. U., Regupathi, A., Abu-Bakar, A., Lim, C. C., & Ahmed, Z. (2020). Insurance-growth nexus: A comparative analysis with multiple insurance proxies. Economic ResearchEkonomska Istrazivanja, 33(1), 604-622. https://doi.org/10.1080/1331677x.2020.1722954 DOI |
34 | Ekpo, N. B. (2012). The Effect of Financial Regulations on Fiscal Management in Nigeria. https://www.researchgate.net/publication/319077389 |
35 | Forbes, K. J., & Warnock, F. E. (2012). Capital flow waves: Surges, stops, flight, and retrenchment. Journal of International Economics, 88(2), 235-251. https://doi.org/10.1016/j.jinteco.2012.03.006 DOI |
36 | Gaio, C. (2010). The relative importance of firm and country characteristics for earnings quality around the world. European Accounting Review, 19(4), 693-738. https://doi.org/10.1080/09638180903384643 DOI |
37 | Bolt, W., De Haan, L., Hoeberichts, M., Van Oordt, M. R., & Swank, J. (2012). Bank profitability during recessions. Journal of Banking & Finance, 36(9), 2552-2564. https://doi.org/10.1016/j.jbankfin.2012.05.011 DOI |
38 | Dechow, N. (2012). The balanced scorecard: Subjects, concept and objects - a commentary. Journal of Accounting & Organizational Change, 8(4), 511-527. https://doi.org/10.1108/18325911211273509 DOI |
39 | Degraeve, Z., Labro, E., & Roodhooft, F. (2004). Total cost of ownership purchasing of a service: The case of airline selection at Alcatel Bell. European Journal of Operational Research, 156(1), 23-40. https://doi.org/10.1016/j.ejor.2003.08.002 DOI |
40 | Frederic, N. K. (2014). Factors affecting performance of commercial banks in Uganda: A case for domestic commercial banks. Proceedings of 25th International Business Analysis Conference African Nation, 1-19. |
41 | Gaud, P., Jani, E., Hoesli, M., & Bender, A. (2005). The capital structure of Swiss companies: An empirical analysis using dynamic panel data. European Financial Management, 11(1), 51-69. https://doi.org/10.1111/j.1354-7798.2005.00275.x DOI |
42 | Gupta, S., Pattillo, C. A., & Wagh, S. (2009). Effect of remittances on poverty and financial development in Sub-Saharan Africa. World Development, 37(1), 104-115. https://doi.org/10.1016/j.worlddev.2008.05.007 DOI |
43 | Habib, S., Masood, H., Hassan, T., Mubeen, M., & Baig, U. (2014). Operational risk management in corporate and banking sector of Pakistan. Information and Knowledge Management, 4(5). https://doi.org/10.2139/ssrn.2663415 DOI |
44 | Hamid, R., Sanaz A., & Hadi, A. (2013). Effects of credit risk indicators on shareholders' price of business banks in Asian country. International Analysis Journal of Applied and Basic Sciences, 6(8), 1143-1149. |
45 | Harison, O., & Joseph, O. (2012). Credit risk and gain of elite rural banks in Republic of Ghana. Catholic university of Republic of Ghana, Working Paper. |
46 | Imamul, H., & Arif, A. (2015). Connectedness of economic risk with monetary performance: Associate degree insight of Indian banking sector. Pacific Business Review International, 8(5), 54-65. |
47 | Murithi, J., & Waweru, M. (2017). Liquidity and monetary performance of banks in African nation. International Journal of Social Science and Finance, 9(3), 256-266. https://doi.org/10.5539/ijef.v9n3p256 DOI |
48 | Muhammad, E., & Bilal, K. (2014). A review of risk management theory in business and Muslim banks. International Journal of Management and Organizational Studies, 3(4), 1-5. |
49 | Muhammed, E. (2012). Credit risk and therefore the performance of Nigerian banks knowledge base. Journal of Up To Date Analysis in Business, 2(1), 32-39. |
50 | Mohammed, H. K., & Knapkova, A. (2016). The impact of total risk management on company's performance. Procedia-Social and Behavioral Sciences, 220, 271-277. DOI |
51 | Musiega, M., Olweny, T., Mukanzi, C., & Mutua, M. S. (2017). Influence of interest rate risk on performance of commercial banks in Kenya. Economics and Finance Review, 14-23. |
52 | Njuguna, L. W. (2016). The relationship between risk management practices and financial distress among commercial banks in Kenya (Doctoral dissertation, University of Nairobi). |
53 | Norazwa, A., Mohamad, A., & Hawati, J. (2015). Liquidity risk and performance: The case of Bahrain and Malaysian banks. World Economy and Finance Journal, 8(2), 95-111. https://doi.org/10.21102/gefj.2015.09.82.07 DOI |
54 | Obeidat, S., Al-Tamimi, K., & Hajjat, E. (2021). The Effects of Intellectual Capital and Financial Leverage on Evaluating Market Performance. The Journal of Asian Finance, Economics and Business, 8(3), 201-208. https://doi.org/10.13106/jafeb.2021.vol8.no3.0201 DOI |
55 | Ongore, V., & Kusa, G. (2013). Determinants of economic performance of business banks in African country. International Journal of Economic Science and Money Problems, 3(1), 237-252. |