DOES OWNERSHIP CONCENTRATION MODERATES CORPORATE SOCIAL RESPONSIBILITY-FIRM PERFORMANCE RELATIONSHIP?

CSR is basically a commitment demanded from companies to protect stakeholder interests, enhance societal conditions, and contribute to sustainable development. This study investigated the relationship between corporate social responsibility and firm financial performance with a particular focus on measuring the moderating impact of ownership concentration on the CSR-performance relationship. The data is collected from the companies’ annual reports, State Bank of Pakistan database and the Pakistan Stock Exchange for the period 2014-2020. The fixed effect regression model is used to measure the impact of CSR on firm financial performance. The results of the study revealed that CSR has a significant negative impact on firm financial performance. Furthermore, ownership concentration also negatively moderates the relationship between CSR and firm financial performance

A Bibliometric Analysis of the Top 100 Cited Articles on Hepatic Magnetic Resonance Imaging.

The purpose of this study is to guide the readers to the impact of the articles published on hepatic magnetic resonance imaging (MRI). We searched Scopus using 10 different search terms for hepatic MRI. The selected studies were thoroughly reviewed by two independent authors and any disagreement was sorted out by mutual consensus. The list of articles and journals was downloaded into an excel spreadsheet. Only the top 100 cited articles were selected by mutual consensus among all the authors. These articles were further read in the full-text form and were further categorized into subgroups. Three authors independently reviewed the top 100 selected articles, and subsequently data was extracted from them and analyzed. Our study showed that the highest number of top 100 cited articles on hepatic MRI were from Radiology (30 articles) followed by European Radiology (14 articles). The American Journal of Roentgenology, Radiographics, and Journal of Magnetic Resonance had seven articles each. The United States had the highest number of articles by region. Nineteen other journals contributed only one article each to the list of top 100 cited articles. The contribution of authors to the top 100 cited articles was reviewed; all the authors contributing with more than two articles to the highly cited articles are given in Table 3 in the supplementary material. The maximum number of articles were published during 2009 (14 articles), and for a five-year period, the maximum contribution was made during 2008-2013 (44 articles). Our analysis gives an insight on the frequency of citations of top articles on hepatic MRI, categorizes the subtopics, the timeline of the publications, and contributions from different geographic distributions

Recycling of Steel Scraps as a Strength Enhancement Material in Concrete

The cement industry is very energy consumptive and produces CO2 and also generates greenhouse gases which are the major cause of global warming. The production of cement and the use of concrete are both rising daily. So, to protect the environment, alternate materials are required. The construction industry has several constructional byproducts and wastes as a variant of traditionally used products. In the process of production and working with steel, steel chips are formed as waste material. The best way to reduce environmental pollution and improve waste recycling is to partially replace concrete with steel chips. Due to these factors and the abundance of material, steel chips were used as a partial cement replacement at 0.5%, 1%, 1.5%, and 2% by the volume of cement. The properties such as compressive strength, split tensile strength, flexural beam strength, and modulus of elasticity are checked after 7, 14, and 28 days. Comparing these qualities to those of control molds showed that by raising the percentage of steel chips in the concrete up to 1.5%, mechanical characteristics are improved; however, when the percentage is increased to 2%, mechanical properties are also affected

INTERNAL FACTORS, EXTERNAL FACTORS AND BANK PROFITABILITY

A developed banking sector provides the impetus for the economy to grow. However, in order to maintain financial stability and sustain negative shocks, it is important to understand the factors that influence the profitability of banks. The aim of the study was to analyse the effect of internal and external factors on the profitability of banks in Pakistan for the period 2007-2015. Fixed effects model was used to analyse the effect of internal and external factors on the profitability of banks in Pakistan. The findings of the study revealed that among internal factors only bank size and asset composition significantly influences the profitability of banks whereas in the external determinants only real interest rates and GDP growth rates has a significant effect on the profitability of banks

DOES WORKING CAPITAL MANAGEMENT AFFECT CORPORATE PROFITABILITY?

Managing working capital efficiently and effectively is critical for modern organizations as it directly affects firm’s profitability, liquidity and riskiness. A vast majority of empirical studies have focused on developed countries whereas in case of developing countries like Pakistan it is somewhat under researched. The economy of Pakistan is passing through challenging times with rising inflation, energy crisis, poor law and order etc. Therefore, the purpose of the study was to investigate whether working capital policies adopted by listed organizations within the sugar industry of Pakistan (PSX) are efficient or not in these challenging conditions and what kind of effect (positive or negative) they have on the profitability of the firm. Data from 2006 to 2015 was collected for this study and Ordinary Least Squares (OLS) technique was used to analyse the effect of working capital management on firm profitability. Empirical results of the study show that all four components of working capital used in this study have statistically significant and negative relationship with firm’s profitability.Â

INTERNAL FACTORS, EXTERNAL FACTORS AND BANK PROFITABILITY

A developed banking sector provides the impetus for the economy to grow. However, in order to maintain financial stability and sustain negative shocks, it is important to understand the factors that influence the profitability of banks. The aim of the study was to analyse the effect of internal and external factors on the profitability of banks in Pakistan for the period 2007-2015. Fixed effects model was used to analyse the effect of internal and external factors on the profitability of banks in Pakistan. The findings of the study revealed that among internal factors only bank size and asset composition significantly influences the profitability of banks whereas in the external determinants only real interest rates and GDP growth rates has a significant effect on the profitability of banks

DOES WORKING CAPITAL MANAGEMENT AFFECT CORPORATE PROFITABILITY?

Managing working capital efficiently and effectively is critical for modern organizations as it directly affects firm’s profitability, liquidity and riskiness. A vast majority of empirical studies have focused on developed countries whereas in case of developing countries like Pakistan it is somewhat under researched. The economy of Pakistan is passing through challenging times with rising inflation, energy crisis, poor law and order etc. Therefore, the purpose of the study was to investigate whether working capital policies adopted by listed organizations within the sugar industry of Pakistan (PSX) are efficient or not in these challenging conditions and what kind of effect (positive or negative) they have on the profitability of the firm. Data from 2006 to 2015 was collected for this study and Ordinary Least Squares (OLS) technique was used to analyse the effect of working capital management on firm profitability. Empirical results of the study show that all four components of working capital used in this study have statistically significant and negative relationship with firm’s profitability.