23 research outputs found
Determinants of capital structure : an empirical study of KSE listed MNCs in Pakistan
Multinational Corporations (MNCs) are generally financed with a mixture of internal debt and equity from the parent corporation. Yet, financial theory has relatively little to say regarding the capital structure and its determinants in an international setting. This research empirically examines the major determinants of capital structure decisions of Multinational Corporations listed on the Karachi Stock Exchange for the period 2005-2017. The data was studied using panel data regression analysis. Results suggest that apart from traditional determinants such as profitability, tangibility, size, Non Debt Tax Shield (NDTS) etc., specific international factors such as political risk, exchange rate risk, agency costs and bankruptcy costs are relevant to the multinational capital structure decision. The results are broadly consistent with theory. It is therefore recommended that the management of listed MNCs in Pakistan should always consider their positions using these capital structure determinants as important inputs before embarking on debt financing decision.peer-reviewe
Investigating the Nexus between Islamic Work Ethics and Organization Citizenship Behavior
The basic purpose of this research is planned to measure the Islamic Work Ethics (IWE) level and level of Organization Citizenship Behavior (OCB) in workers of banks of Lahore. It additionally investigated relationship between level of IWE and OCB. This study used the sample of three hundred employees from the banks of Lahore. For information gathering, the questionnaire was adopted, and results of the research demonstrated the level of IWE in Islamic bank's workers is high than other banks such as conventional, private and government banks. OCB level among Islamic bank's workers is high than the private, conventional and government bank. The results likewise demonstrated that the relationship between OCB and IWE is significantly positive. This research may improve the understanding of the people, employees and managers of banks about the understanding of the relationship between level of IWE and OCB.
Keywords: Organization Citizenship Behavior, Islamic Work Ethics, Islamic Bank
JEL Classifications: M19
DOI: https://doi.org/10.32479/irmm.984
Cost of Justice and Exclusion
The main objective of an economic system is to help people in satisfying the basic necessities of life without compromising an individual’s freedom. However, almost every society in the world depicts a clear division among people. Some individuals have access to all facilities required for a decent life, while others are excluded from having such facilities. This paper focuses on testing whether this is the case with the judicial system of Pakistan. Based on the philosophical approach towards life, this paper assumes that the foundation on which the current judicial system has been evolved is exclusive in its nature. The paper attempts to show that the exclusive nature of the judiciary cannot become inclusive until we bring the philosophy of the current economic system in line with reality. The paper claims that the philosophy of the current economic system protects the interest of rich and wealthy people. Hence, all sub-systems such as political, judicial, and executive mainly facilitate and promote the welfare of rich people. The final outcome is in favor of those who are wealthy and have high intercept in the society in terms of money and social capital (links with influential people such as politicians/bureaucrats/army generals, etc.). On the other hand, the intuitional framework of the judiciary is less likely to help those who fall into the group of people who do not have money and social capital. The paper test the presumptions empirically based on the primary data collected from Lawyers in the district courts of Islamabad. Here we compare the cost of various types of cases across courts with the average income of an average family. The average cost of almost all types of cases is higher than the average income of an average family. This shows the excludability of the judicial structure of Pakistan. The average family income is calculated from Household Integrated Economics Survey (HIES). The study suggests that a judicial structure with the agents having primary objective of settling the disputes of people are required. The current structure has flaw as it link earnings with the disputes of people. We need a society where the ills of one such as diseases, disputes, weakness, etc., should not become the source of earning for others. The study also claims that until we develop such a society, the true spirit of justice will remain a mere dream for the excluded people
The Relationship between Work Values, Affective Commitment, Emotional Intelligence, and Employee Engagement: A Moderated Mediation Model
Affective commitment is considered to be the most critical element of organizational commitment because of its impact in reducing employee turnover, absenteeism and in enhancing the effectiveness of the organization. Because of the nature of the job, emotional intelligence is also a significant trait for employees working in banks. Based on a sample of 354 employees selected from the banking sector of Pakistan, this study revealed that work values had a significant impact on affective commitment. The findings of this study also confirmed the mediation of emotional intelligence and moderation of employee engagement between the relationship of work values and affective commitment among banking professionals of Pakistan. This study also provides practical foresight for the HRM professionals to enhance retention of effective manpower
The Relationship between Work Values, Affective Commitment, Emotional Intelligence, and Employee Engagement: A Moderated Mediation Model
Affective commitment is considered to be the most critical element of organizational commitment because of its impact in reducing employee turnover, absenteeism and in enhancing the effectiveness of the organization. Because of the nature of the job, emotional intelligence is also a significant trait for employees working in banks. Based on a sample of 354 employees selected from the banking sector of Pakistan, this study revealed that work values had a significant impact on affective commitment. The findings of this study also confirmed the mediation of emotional intelligence and moderation of employee engagement between the relationship of work values and affective commitment among banking professionals of Pakistan. This study also provides practical foresight for the HRM professionals to enhance retention of effective manpower
Impact of Project Leadership on Project Success: Mediated by Project Governance and Moderated by Goal Clarity
This study investigates the connections between project leadership, governance, goal clarity, and project success in Pakistan's Civil Engineering (Private) sector. Data was collected from employees using a quantitative approach. A questionnaire was distributed to gather information on project governance, goal clarity, and project success. The results showed a strong relationship between project leadership and project success, with a robust governance framework impacting project leadership effectiveness. Goal clarity moderated the relationship, emphasising the importance of well-defined objectives. The study emphasises the critical role of project leadership in Pakistan's civil engineering sector, emphasising the importance of solid project management frameworks and clear objectives. This information is crucial for organisations and project managers seeking to improve project performance in the dynamic environment of Pakistani civil engineering projects
Impact of Online Consumer Reviews on Hotel Booking Intentions: The Case of Pakistan
This study is aimed at empirically investigating the influence of online consumer reviews such as realism, positive reviews, negative reviews and volume of online reviews on hotel booking intentions in Pakistan through mediational mechanism. Data was collected from 250 part-time business graduates of University of Punjab, the largest Public-Sector University of Provincial Capital of Pakistan. SPSS and AMOS were carried out to analyze the results and determine the impact of online reviews on hotel booking intentions. Results indicated that realism, the volume of reviews and positive reviews are the most influential dimensions of online consumer reviews. Moreover, trust act as an intervening variable between positive reviews, the volume of reviews, realism and hotel booking intentions. Empirical analysis also indicated that negative online reviews have no direct and indirect impact on hotel booking intentions of online customers. This study is an effort in proposing a combination of online consumer reviews dimensions in determining Hotel Booking Intentions
Hedonic Shopping Experience as Work, Excitement, Fun: Analyzing Adolescents Purchasing Behavior towards Pop-Up Retail Stores
The purpose of the quantitative research was to analyze three objectives: (1) to analyzing of youngster’s hedonic shopping experience with dimensions of adventure shopping and gratification shopping, (2) analyzing youngster’s attitude towards pop-up stores and (3) to examine youngsters buying behavior towards pop-up retail stores. The data were collected from 338 students in the University of the Punjab. The data were collected using a close-ended questionnaire. The quantitative research method was used in this current study. Data were collected through self-administered questionnaire from Punjab University Lahore Pakistan. IBM AMOS and SPSS were used for analysis. It is concluded that hedonic shopping experience, youngsters buying behavior, and attitude are positively related to each other. This research has certain limitation as perusing convenience sampling. Future research may try to overcome such shortcomings. This research had concentrated only on teenagers and has not considered other individuals. Furthermore, this study was carried out mainly on students of the University of the Punjab. This was a demographical limitation. Other age groups may have different approaches. This study was conducted solely in Lahore. Pakistan. Other cities and provinces were not focused upon. By considering the results of this study, the study requires the important maintenance in the literature of PURS ideas. This research will be supportive for scholars, merchants, traders and publicizing specialists. This research will add value to the existing literature and will provide help to recognize the Youth Buying Behavior via youth attitude. The outcomes of this study showed the significance and non-significance between the mediating relationships of attitude
Work Related Stressors and Teachers’ Performance: Evidence from College Teachers Working in Punjab
This study is conducted to determine the impact that job stress (job conflict, work overload, inadequate reward policy and job burnout) has on teacher’s job outcomes (employee loyalty and employee performance). In order to explain the relationship among the variables, hypothesis testing was used since the study is causal. This paper focuses on teachers of five best intermediate level colleges of Lahore and a sample size of 100 respondents. The independent variable of the study is work related stressors (job conflict, work overload, inadequate reward policy, and job burnout), while dependent variable is teachers’ performance (employee loyalty and employee performance). SPSS version 20 was used for the initial analysis of collected data (descriptive statistics, reliability analysis, and correlation). Furthermore, SEM using AMOS is applied for checking the fitness of the model as well as the relationship among dependent and independent variables. The analyzed results show impact of all independent variables on dependent variables. However, job conflict, job burnout, and inadequate reward policies have significant impact on teacher’s performance. The largest influence comes from job conflict and job burnout on employee loyalty and inadequate reward policy on employee performance