The study examines the systemic risk of banking sector in Pakistan and elucidates the factors that exacerbate the systemic risk taking. First, a systemic risk measure ∆CoVaR is applied to analyze the contribution of individual institution to the whole financial system. Secondly, systemic risk...

This empirical study is an effort to establish cointegration and causality between carbon emissions, economic growth, energy consumption, financial development and trade openness in Pakistan. Lack of environmental protection laws, energy crises and resulting lower economic growth make Pakistan a...

This study aims to investigate the impact of terrorism on Pakistani industry excess returns and systematic risk. Value weighted monthly returns for non-financial firms listed at Karachi Stock Exchange, from January 2001 to December 2010, are used for this study. A multiplicative term to study...

This study aims to identify the effect of terrorism on size and value premium using value weighted monthly returns for non-financial firms from January 2001 to December 2010. In addition to Independent size and BE/ME sorted portfolios, two dimensional portfolio formation methodology of Dimson,...

This study is based on the association that exists between profitability and reinsurance of private sector non-life stock insurers of Pakistan. Reinsurance can act as an important character in consideration of risk, risk underwriting and efficient management of claims. As insurance industry is...

This paper describes different methods and guiding principles applied to the management of public spending, gives an overview of relevant literature and the theoretical framework. Main conclusions include the important pillars of efficient public spending management: fiscal and financial...

This paper examines the impact that the running assets management on the profitability of Pakistan cement sector. Moreover, the study outlines the main factors that basically determine the working capital in the financials of Pakistan cement sector. To manage firm’ sliquid assets which is...