SMEs Exports are Influenced by Different Risk Factors: Empirical Study of Emerging Economy

  • Safia Nosheen University of Management and Technology, Lahore, Pakistan
  • Tahseen Mohsan Khan Assistant Professor, Department of Finance, School of Business and Economics, University of Management and Technology, Lahore, Pakistan
  • Fazal-Ur- Rehman MS scholar, University of Management and Technology, Lahore
Keywords: Medical Instruments, Market Risk, Operational Risk, Export Refinance, SMEs

Abstract

Study intent to identify the direct (indirect) risk factors that can influence the export of medical instruments from SMEs sector of Pakistan by using the time series monthly data sample for a period of fifteen years that is from FY 2003 to FY 2017. Empirically a strong long term relation between the export of medical instruments with operational risk, market risk, export refinance schemes and steel prices are proven by Johansen co-integration. Study also establishes a direct positive relation of operational risk and market risk with the export of medical instruments as a result of Vector Error Correction Model.

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Author Biographies

Safia Nosheen, University of Management and Technology, Lahore, Pakistan

University of Management and Technology, Lahore, Pakistan

Fazal-Ur- Rehman, MS scholar, University of Management and Technology, Lahore

MS scholar, University of Management and Technology, Lahore

Published
2020-03-31
How to Cite
Nosheen, S., Khan, T. M., & Fazal-Ur- Rehman. (2020). SMEs Exports are Influenced by Different Risk Factors: Empirical Study of Emerging Economy. Journal of Accounting and Finance in Emerging Economies, 6(1), 201-218. https://doi.org/10.26710/jafee.v6i1.1078