The Lahore Journal
of Business

The Lahore Journal
of Business

Lahore Journal of Business

(HEC recognized journal in “Y” category)

The Lahore Journal of Business is aimed at providing a specialized forum for dissemination of qualitative and quantitative research in various areas of business administration. The LJB invites researchers, policy makers and analysts to submit original theoretical and empirical papers that explore and contribute to the understanding of various areas in the business domain. The Journal aims at bringing together state-of-art research findings, particularly from emerging markets, in various business disciplines including (but not limited to) accounting, banking, management, marketing, finance, investments, human resource management and organizational behavior.

Fouzia Hadi Ali, Javeria Barkaat, Majid Ali and Muhammad Aamir
The Lahore Journal of Business, Volume 9, Issue 2, Oct – Mar 2021, pages , 1-17 https://doi.org/10.35536/ljb.2021.v9.i2.a1

By using the Autoregressive Distributed Lag (ARDL), and the Emerging Market Z-Score Model, we have examined the performance and factor of riskiness of Pakistan’s asset management companies, for the years pertaining to 2013-2018. Moreover, we also tested the stability of the ARDL model. The findings reveal that microeconomic and macroeconomic factors have a long-run impact on the performance of asset management companies (AMCs). Besides this, the Emerging Market Z-Score Model also categorizes the asset management industry in the safe zone, which indicates that the industry has no probability of default. This study was delimited to Pre-COVID data available for asset management companies that were taken into consideration. We can arguably conclude that the Post-COVID performance, and riskiness of AMCs might have inconsistent outcomes with our study. This study’s findings may encourage, and aid investors, fund managers, and market makers to revisit their long-term investment patterns, keeping in mind the post-COVID short term volatility dynamics of the industry, which was the primary limitation of this study.