RESEARCH OF SOCIAL SCIENCES (SMC-PRIVATE) LIMITED(ROSS) & PAKISTAN SOCIAL SCIENCES REVIEW (PSSR) adheres to Creative Commons Attribution-Non Commercial 4.0 International License. The authors submitting and publishing in PSSR agree to the copyright policy under creative common license 4.0 (Attribution-Non Commercial 4.0 International license). Under this license, the authors published in PSSR retain the copyright including publishing rights of their scholarly work and agree to let others remix, tweak, and build upon their work non-commercially. All other authors using the content of PSSR are required to cite author(s) and publisher in their work. Therefore, RESEARCH OF SOCIAL SCIENCES (SMC-PRIVATE) LIMITED(ROSS) & PAKISTAN SOCIAL SCIENCES REVIEW (PSSR) follow an Open Access Policy for copyright and licensing.
How to Cite
Cash Holding as a Risk Management Approach through the Lense of Institutional Entrepreneurship: Evidence from Financial Sector of Pakistan
The research is investigates the effect of hedging on cash holding of firm by using appropriate econometric technique. The examination is expected to see in the case of cash holding as well as hedging can be viewed as alternate tool for management of risk with choice of investment opportunities. A deductive approach is embraced to look at whether holding of cash as well as hedging supporting are seen as substitutive hazard management devices. In addition to execute quantitative approach and study used secondary data of public & private sector banks of Pakistan. The data was analyzed by used of specialty of STAT-12. Results revealed that cash holding reduced the risk of financial sector of Pakistan and worked as a risk management tool in lieu of hedging with considerable investment opportunities with removing underinvestment problems through the Lense of entrepreneurs. This study is provide the preference to financial sector of Pakistan to maintain level of cash holding of firms as well as used hedging in presence of cash holding. The model will also provide the opportunity of new investment that reduces under-investment problem issues then result is shape of risk management.
Ali Raza Elahi
Assistant Professor, Department of Commerce and Finance, GC University, Lahore, Punjab, Pakistan
Lecturer, Department of Commerce and Finance, GC University, Lahore, Punjab, Pakistan
Ph. D Scholar, Department of Business and Management Sciences, Superior University, Lahore, Punjab, Pakistan