The study aims to explore risk management practices used by financial and non-financial firms of Pakistan. Self-reported questionnaires were distributed using convenience sampling method among financial and non-financial firms. The results indicate that non-financial firms used risk management...

In the current turbulent market, firms spend lots of tangible and intangible resources to gain competitive advantage and superior performance. Prior studies have discussed several determinants of competitive advantage and performance, particularly in developed economies, whereas small- and...