388 research outputs found

    The Impact of Stock Market Performance on Foreign Portfolio Investment in China

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    The research is aimed at investigating the impact of stock market performance and inflation on foreign portfolio investment (FPI) in China. For this purpose, time series quarterly data from 2007Q1 to 2015Q4 is used. On the basis of stationarity results, ARDL model is used to examine the impact of the stock market prices and inflation on FPI. The results show that there is significant positive impact of stock market performance on the FPI, whereas inflation is found to be negatively associated with the FPI. The study also reveals that some historical events like Asian financial crisis of 2008, and the Shanghai Composite Stock Index crash of 2015, significantly affected the foreign portfolio investment in China. The investors should consider these two factors while investing in foreign financial markets. Keywords: Stock Market Performance, Inflation, FPI, China JEL Classifications: F21, G11, O16, P4

    The Corporate Social Responsibility and Firms' Financial Performance: Evidence from Financial Sector of Pakistan

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    Competitiveness of financial sector has increased manifold and the issue of corporate social responsibility (CSR) has become an indispensable concern parallel to concentrating on profitability enhancement. Businesses are consider as social units, they have to serve stakeholders, and tend to execute CSR on priority basis and subsequent disclosure as well. Unhealthy CSR policies may cause externalities and eventual relinquished customers. The main purpose of study is to shed light on the impact of corporate social responsibility on financial performance of banking sector of Pakistan, using a sample of 30 commercial banks listed with Pakistan stock exchange (PSX) for the period of 10 years from 2006 to 2015, selected based upon market capitalization. We applied pooled regression models to investigate the impact of CSR on financial performance. Empirical findings signify the robustness of pooled model that documented a positive and significant impact of CSR on ROA, ROE and EPS. This premise holds that CSR has positive and significant impact on FP of selected commercial banks of Pakistan. Based upon key findings, this study postulates CSR phenomenon is consider as an essential growth element and financial performance-boosting tool by banking industry of Pakistan. Eventually, mainstream of the studies on CSR are in context of well-established companies and nations, however, developing nations are least emphasized, thus the findings of this study greatly contribute in body of knowledge as well as offer pivotal implications for policy makers and governance of financial sector. Keywords: Corporate social responsibility (CSR), financial performance, financial sector, Pooled regression JEL Classifications: M14; L25; O1

    Lepton polarization asymmetry and forward backward asymmetry in exclusive B->K_1 tau^(+)tau^(-) decay in universal extra dimension scenario

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    Decay rate, forward-backward asymmetry and polarization asymmetries of final state leptons in B-> K_{1}tau ^{+}tau ^{-}, where K_{1} is the axial vector meson, are calculated in Standard Model and in the universal extra dimension (UED) model. The sensitivity of the observables on the compactification radius RR, the only unknown paramter in UED model, is studied. Finally, the helicity fractions of the final state K_{1} are calculated and their dependence on the compactification radius is discussed. This analysis of helicity fraction is briefly extended to B->K^{*}l ^{+}l ^{-}(l =e,mu) and compared with the other approaches exist in the literatureComment: 19 pages, 6 figure

    Optimasi Portofolio Resiko Menggunakan Model Markowitz MVO Dikaitkan dengan Keterbatasan Manusia dalam Memprediksi Masa Depan dalam Perspektif Al-Qur`an

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    Risk portfolio on modern finance has become increasingly technical, requiring the use of sophisticated mathematical tools in both research and practice. Since companies cannot insure themselves completely against risk, as human incompetence in predicting the future precisely that written in Al-Quran surah Luqman verse 34, they have to manage it to yield an optimal portfolio. The objective here is to minimize the variance among all portfolios, or alternatively, to maximize expected return among all portfolios that has at least a certain expected return. Furthermore, this study focuses on optimizing risk portfolio so called Markowitz MVO (Mean-Variance Optimization). Some theoretical frameworks for analysis are arithmetic mean, geometric mean, variance, covariance, linear programming, and quadratic programming. Moreover, finding a minimum variance portfolio produces a convex quadratic programming, that is minimizing the objective function √į√į¬•with constraints√į √į √į¬• ¬• √įand√į¬ī√į¬• = √į. The outcome of this research is the solution of optimal risk portofolio in some investments that could be finished smoothly using MATLAB R2007b software together with its graphic analysis

    Measurement of the Splitting Function in &ITpp &ITand Pb-Pb Collisions at root&ITsNN&IT=5.02 TeV