M.Phil / MS
Permanent URI for this collectionhttps://repository.cuilahore.edu.pk/handle/123456789/48
This collection archives the complete set of theses produced by students of the COMSATS University Islamabad, Lahore Campus.
Browse
2 results
Search Results
Item CEO Power and Systemic in Banks: Role of Corporate Governance and Risk Governance Mechanisms(Library Information Services COMSATS University Islamabad Lahore Campus, 2023-02-09) Tabraiz Khalid; SP22-RMS-001; Dr. Ammar Abid; LHR TP 8765The study investigates the impact of CEO Duality, CG (corporate governance) and RG (risk governance) mechanisms on the systemic risk along with investigating the moderating role of CG and RG on the relationship between CEO power and systemic risk by using a sample of 88 large listed commercial banks from 11 Asian countries namely Pakistan, China, India, Bangladesh, Bahrain, Jordan, Philippines, Saudi Arabia, Turkey, Thailand and UAE. The study utilizes OLS (ordinary least square), random effect and fixed effect models and evidences the negative influence of CEO Power, CG and RG mechanisms on the systemic risk, only a few positively influencing the systemic risk such as CRO Presence and RMC (Risk management Committee) meetings. The findings show that a few CG and RG mechanisms significantly moderate the relationship between CEO power and systemic risk such as board size, RMC meetings, CRO (chief risk officer) presence. The influence of CEO power, CG and RG mechanisms is also investigated using the GMM approach to tackle endogeneity issues. The results of OLS, random effect, fixed effect are consistent with the GMM. Moreover, the moderation results of CG and RG mechanisms on the relationship between CEO power and systemic risk are also improved. CG mechanisms board size, board independence and board meetings significantly moderate the relationship between CEO power and systemic risk. RG mechanisms RMC presence, RMC size, CRO presence and CRO independence also significantly moderate the relationship between CEO power and systemic risk.Item Beyond gender diversity: Two shades of women directors and bank cash holdings(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) Ahmed Younas; SP21-RMS-002; Dr. Ammar AbidThe study examines the impact of women directors on bank cash holdings for a sample of 187 listed commercial banks from 14 countries namely Bangladesh, India, China, Pakistan, Malaysia, Saudi Arabia, Sri Lanka, Thailand, Turkey, UAE, Jordan, Philippines, Oman and Indonesia. The study uses both fixed and random effect specifications and documents a negative association between women directors and cash holdings. The results indicate women directors support agency motive, instead of precautionary. Further, it examines the role of critical mass of women directors and documents that presence of three or more results in lower level of cash reserves. Moreover, it investigates the role of educational women experts (highly educated women directors and business women directors) and women financial experts in shaping cash policy. From these shades, results show business women directors increase cash holdings level supporting precautionary savings hypothesis instead of agency. The impact of women directors on bank cash holdings is examined using two-step system GMM approach in order to address endogeneity issue. Regression results are same as reported under fixed effect and random effect specifications i.e. a negative and significant relation. Regarding highly educated women directors, GMM estimations show that such women lower cash levels. Business women directors are significantly and negatively related to cash to total asset ratio. Interestingly, the women financial experts are found to increase the level of excess reserves, supporting the argument that such women directors on board think that holding excess reserves provide cushion against potential risks and uncertainties, thus are supporting precautionary motive.