CSRC Publishing: Open Journal Systems (Center for Sustainability Research and Consultancy)

    Revisiting the Dynamic Impact of Fiscal Policy on Inflation in Pakistan

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    Purpose: The target of the present research study is to examine the Non-Ricardian regime and determination of inflation in an open economy taking the case of Pakistan. Design/Methodology/Approach: This research is carried out for the economy of Pakistan for the period of 1976–2019. To deal with the time series data we need to test the Stationarity of the data in advance to confirm the non-existence of the second I(2) of stationarity. For the purpose of stationarity testing this study used test Phillips Peron (PP) test. PP test results suggested the use of ARDL. Findings: The results of ARDL reported that the intervention of the government has a very important and dominant role the determination of price level (Inflation) in an open economy. Implications/Originality/Value: The study has concluded that the government should focus on fiscal measure as well with the extensive use of monetary policy in coordination with fiscal policy to keep inflation in control in Pakistan

    The Relationship between Organizational Communication and Employees Productivity with New Dimensions of Effective Communication Flow

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    Effective organizational communication can lead organization in asuccessful way, only if exists. Without proper information and planning anydeliberated decision cannot occur. There is a vast literature on organizationalcommunication and productivity of employees. However this research looksover the influence of effectiveness of internal communication on employees'productivity. The core concentration in this study is level of communicationin organization and how employees perceive communication, and what arethe effects of internal communication on their work capability. The focus ofthis study is on the relation of employees' efficiency in organizationalcommunication with the support of effective communication, as compare toprevious study that only concentrated on organizational communication andproductivity. Therefore after recognizing the effectiveness ofcommunication the employee's productivity flourishes in organizationalcommunication. Flow of effective communication in organizations developsthe strong bonding between staff and management, then employees gettrusted, that make them more productive

    Student’s Perception and Expectation Regarding Library Services Quality: A Case Study of a Public Multi Campus University of Punjab, Pakistan

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    Purpose: The disparity between students' perceptions and expectations is measured in this study to determine the perceived service quality (SQ) of sample university’s academic library units. Design/Methodology/Approach: Under the typology of quantitative approach survey method was used. The  SERVQUAL instrument consisting of 22 items was adopted for assessing student's expectations and perceptions. The students enrolled in regular programmes of the academic year 2013-2014 were taken as population. Using stratified random sampling through proportional allocation, a sample of 372 respondents was designed. Data were analyzed quantitatively using descriptive statistics and qualitatively using NVIVO software for content of open-ended questions. Findings: The results revealed that student's expectations were higher than their perception. Implications/Originality/Value: Based on the findings, it was concluded that the concerned authorities may take initiatives to improve the library services provided by the library staff. In this way the students’ expectations can be met

    Re-examining Family Communication Pattern: The Confirmatory Factor Analysis

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    Objective: The purpose of this paper is to determine whether the model for Revised Family Communication Pattern (RFCP) can be used to measure the communication patterns within a family.Methodology: A survey questionnaire was administered to 500 respondents but only 380 of them were deemed useable. Prior to this, a pilot study was undertaken in which an internal alpha procedure was conducted to determine the reliability of the variables for this study. Similarly, the Confirmatory Factor Analysis (CFA) was also performed to confirm the factor structure so that variables with low factor loading could be excluded. On the other hand, the variable with highest factor loading was identified and then rigorously explained in regard to this model.Results: More than 50% of the respondents had agreed with the item B9 of the conversation orientation and B17 of the conformity orientation thus, indicating that the model is useful in measuring the communication patterns within a family after omitting several effect indicators that had severe negative impact on estimation.Implications: When the value of factor loading of a variable is low, fitting the variable in the model will result in the model becoming a misfit that ends with a discussion about the underlying factor structure that is fruitless. This study is particularly useful for practitioners who need to identify variables that are suitable for research on family communication. Besides that, this paper also provides valuable reference for researchers to consider the adoption of RFCP based on conversation and conformity orientations in Malaysia

    Impact of Corporate Governance on the Cost of Capital: Empirical Evidence from the Non-Financial Sector of Pakistan

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    Purpose: The study looked at the effect of corporate governance on the cost of capital of firms in Pakistan's non-financial sector. Design/Methodology/Approach: The study sample is comprised of balanced data set of 175 non-financial companies listed on the Pakistan Stock Exchange between 2008 and 2018. The study used the dynamic panel GMM estimator technique. Findings: The findings revealed that an increase in the number of directors, board independence, CEO duality, and inflation negatively influence the cost of capital. On the other hand, the increase in institutional holdings increased the cost of capital. In addition, it is discovered that board committees, political connections, and economic growth do not affect the cost of capital Implications/Originality/Value:  When board size, CEO duality, board independence, and inflation increased, the cost of capital decreased in Pakistan's non-financial sector. Furthermore, board committees, political connections, company leverage, and economic growth do not affect the cost of capital in Pakistan's non-financial sector. In comparison, an increase in institutional shareholding increased the cost of capital in Pakistan's non-financial sector

    The Impact of China-Pak Economic Corridor (CPEC) on Pakistan Stock Exchange (PSX)

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    Purpose: The study aims to find out the impact of CPEC project on volatility and growth of Pakistan stock exchange PSX-100. The CPEC is a significant subset and southern corridor of (SREB) which consists of three economic corridors (Rana, 2015). The investment in CPEC projects not only accelerates Pakistan and Chinese economy but also anticipated to have significant effects on Pakistan stock exchange PSX. Design/Methodology/Approach: The methodology of event study proposed by Bremer and Sweeney (1991). The methodology of Cox and Peterson (1994) used to identify the effects of events related to CPEC projects and stock market returns. Findings: The results indicated that the volatility of PSX-100 has low in post CPEC as compared to pre CPEC era showing a positive effect of CPEC on PSX in the form of stable PSX 100 returns in post CPEC announcement era. Implications/Originality/Value: The results of this empirical study provide important implications to overseas investors, corporations and regulators

    Employee’s Performance as a Consequence of Effective Communication and Working Environment: The Moderating Role of Organizational Learning Culture

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    Purpose: FMCG (Fast Moving Consumer Goods) sector has a significant role in the economic development of Pakistan. According to Pakistan Bureau of Statistics, the retail sector contributes 18.6% to the GDP of Pakistan. This sector can use effective communication with a learning work environment as a tool to increase their productivity and at the same time can build customer relations. This is because communication is an essential element used to deal with customers and employees. Whereas, at the same time comfortable work environment is helpful to boost the performance of this sector. The present study aims to examine the influence of effective communication and working environment on employee’s performance with the moderating role of organizational learning culture in FMCG sector of South Punjab Region. Design/Methodology/Approach: For the said purpose structured questionnaires were developed by using online google forms for collecting data. The sample population was selected from the FMCG sector of Pakistan. Then the collected data was analyzed by using regression analysis and Pearson Correlation via SPSS whilst Structural Equation Modeling (SEM) via Smart PLS. Findings: The results indicates that effective communication and work environment has a significant influence on employee’s performance and organizational learning culture plays a moderating role between effective communication and work environment. Implications/Value: This research has used FMCG sector specifically to examine the impact of effective communication hence, further research can be done by using other sectors i.e., Education, Agriculture, IT etc.  In addition to that this study is based on the impact of effective communication and working environment on the employee’s performance through the moderating role of organizational culture further research can be made on the ways or methods improve working conditions of this sector

    Excavating Future Challenges: An Analysis of Health Systems of One Hundred-Six Countries

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    Purpose: Health system of a country is backbone of economy. It has fundamental importance in sustainable development of a country. Aim of this article is to excavate future challenges to health system of selected 106 countries. Design/Methodology/Approach: It is a country level comparative analysis of health risk factors. Design of the study includes review of literature, data extraction and analysis. The cross-sectional secondary data has been drawn from website of World Development Indicators (WDI) 2020. Grey relational analysis is used as technique of investigation. Findings: Results show that majorly, member countries of Organization for Economic Co-operation and Development (OECD) have exceptionally high grey relational grade, therefore, are considered to be countries having less future health risks, whereas, Southern African Development Community (SADC) have exceptionally low grey relational grade, therefore, have high future health risk. Implications/Originality/Value: It is a unique study using different dataset and methods that provides valuable insights to political governments, researchers and health system managers.                                                            &nbsp
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