Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.7
M. I. Latif, H. Rahman, Hussain Ahmad, Faizan Ahmad, M. Khurshid, Muhammad Noman Shafique
Laffer curve is a tradeoff between tax cuts and tax revenues. The sketch of Laffer curve was drawn by Arther Laffer at a dinner with his friends on his napkin that reduction in taxes will increase tax revenues. Lafer curve explained that lower tax rate could encourage an additional output and it would increase income, which builds bigger tax base in an economy. In this research we have estimated the Laffer curve on the basis of Taxes on goods and services for Pakistan economy for the period of 1990 to 2016. Time series data have been collected from the world economic data base. Results explained that all the variables are significant and signs of coefficients are in accordance with the theory. Results confirm that Laffer curve is alive in Pakistan economy but its existence is in the prohibited area of Laffer curve. It is suggested that plans of taxation should be modified in such a way that maximum number of people could bring under the tax brackets. The taxation structure of the economy should ensure to lower the indirect taxes, encourage the progressive taxes and elasticity of taxation should be increased. The pattern of taxation should be encouraged after introducing some sort of incentives such as relief in the income tax and higher bank deposit rates should be realize.
{"title":"Estimation of Laffer Curve: Evidence from Pakistan","authors":"M. I. Latif, H. Rahman, Hussain Ahmad, Faizan Ahmad, M. Khurshid, Muhammad Noman Shafique","doi":"10.31529/SJMS.2018.5.1.7","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.7","url":null,"abstract":"Laffer curve is a tradeoff between tax cuts and tax revenues. The sketch of Laffer curve was drawn by Arther Laffer at a dinner with his friends on his napkin that reduction in taxes will increase tax revenues. Lafer curve explained that lower tax rate could encourage an additional output and it would increase income, which builds bigger tax base in an economy. In this research we have estimated the Laffer curve on the basis of Taxes on goods and services for Pakistan economy for the period of 1990 to 2016. Time series data have been collected from the world economic data base. Results explained that all the variables are significant and signs of coefficients are in accordance with the theory. Results confirm that Laffer curve is alive in Pakistan economy but its existence is in the prohibited area of Laffer curve. It is suggested that plans of taxation should be modified in such a way that maximum number of people could bring under the tax brackets. The taxation structure of the economy should ensure to lower the indirect taxes, encourage the progressive taxes and elasticity of taxation should be increased. The pattern of taxation should be encouraged after introducing some sort of incentives such as relief in the income tax and higher bank deposit rates should be realize.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115034171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.2
M. Khan, Anam Javeed, N. Mehmood, Wajid Khan
Purpose: Mobile banking is one of the modern means of handy banking services. Using the Carter model, this study aims to find the nexus between customer satisfaction and mobile banking service quality among Pakistani users. Design/methodology/approach: The structured questionnaire has been administered to 400 mobile banking users in Rawalpindi, Islamabad and Wah Cantt. Simple random sampling was used to gather the respondents for data collection. Findings: The analysis shows that there exists a positive association between the dimensions of assurance, tangibility as well as responsiveness with customer satisfaction. However, there exists no relationship between empathy and reliability with customer satisfaction. Implications: This study fills up the gap in literature by providing insights from mobile banking sector of Pakistan. Furthermore, the model of the study can be extended in different contexts with other dimensions also. It will be better if banks develop their e banking services up to date by adapting to the latest changes in industry and technology. Originality/value: This particular study has a deep importance as it provides evidence from the developing nation of Pakistan. It has spread heading endeavour to explore the consumer loyalty in the keeping money industry of Pakistan by utilizing a vast example and progress measurable systems. Limitations/Future horizons: The study has been conducted in the area of Rawalpindi and Islamabad however future researchers may expand the premises as well as add more variables to the model to gain deeper insights.
{"title":"Mobile Banking Service Quality and Customer Satisfaction: An Application of Carter Model","authors":"M. Khan, Anam Javeed, N. Mehmood, Wajid Khan","doi":"10.31529/SJMS.2018.5.1.2","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.2","url":null,"abstract":"Purpose: Mobile banking is one of the modern means of handy banking services. Using the Carter model, this study aims to find the nexus between customer satisfaction and mobile banking service quality among Pakistani users. Design/methodology/approach: The structured questionnaire has been administered to 400 mobile banking users in Rawalpindi, Islamabad and Wah Cantt. Simple random sampling was used to gather the respondents for data collection. Findings: The analysis shows that there exists a positive association between the dimensions of assurance, tangibility as well as responsiveness with customer satisfaction. However, there exists no relationship between empathy and reliability with customer satisfaction. Implications: This study fills up the gap in literature by providing insights from mobile banking sector of Pakistan. Furthermore, the model of the study can be extended in different contexts with other dimensions also. It will be better if banks develop their e banking services up to date by adapting to the latest changes in industry and technology. Originality/value: This particular study has a deep importance as it provides evidence from the developing nation of Pakistan. It has spread heading endeavour to explore the consumer loyalty in the keeping money industry of Pakistan by utilizing a vast example and progress measurable systems. Limitations/Future horizons: The study has been conducted in the area of Rawalpindi and Islamabad however future researchers may expand the premises as well as add more variables to the model to gain deeper insights.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121693561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.11
S. Afridi, Wajid Khan, Rehmatullah Bangash
The aim of the current study is to determine how service quality influence customers’ advocacy directly and indirectly through customers’ loyalty in private sector hospitals of Peshawar. Famous servqual model used for the analysis of service quality of the selected hospitals. Confirmatory factor analysis used to examine the fitness of the model and then with the help of path analysis hypotheses were checked. After analysis it was found that the relationship of service quality and customer advocacy was fully mediated by customer loyalty. The current study would be very useful for the hospital’s management in evaluation of service quality. Furthermore, the findings of the current study would also be useful in getting more customers. Marketing and management personnel of the hospitals would more emphasis on service quality to produce loyal customer, who eventually turns into advocates.
{"title":"Impact of Service Quality on Customers’ Advocacy; Mediating Role of Customers’ Loyalty: A case of selected Private Hospitals of Peshawar","authors":"S. Afridi, Wajid Khan, Rehmatullah Bangash","doi":"10.31529/SJMS.2018.5.1.11","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.11","url":null,"abstract":"The aim of the current study is to determine how service quality influence customers’ advocacy directly and indirectly through customers’ loyalty in private sector hospitals of Peshawar. Famous servqual model used for the analysis of service quality of the selected hospitals. Confirmatory factor analysis used to examine the fitness of the model and then with the help of path analysis hypotheses were checked. After analysis it was found that the relationship of service quality and customer advocacy was fully mediated by customer loyalty. The current study would be very useful for the hospital’s management in evaluation of service quality. Furthermore, the findings of the current study would also be useful in getting more customers. Marketing and management personnel of the hospitals would more emphasis on service quality to produce loyal customer, who eventually turns into advocates.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115578662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Background & Purpose- After the year 2000, the market for environmentally friendly products become mature and substantially expanded. In the present condition, environmental poverty has appeared as a very scorching issue of concern. The alarming level effects of commercial sector on climate and atmosphere have shaped several life threatening worries. To manage with this, it becomes a great challenge for organizations. The current research work is aim to achieve a better understanding of the corporate sector and their adaptation of green strategies in their production and decisions; associated to firm performance. This is an effort to check the belongings of green marketing strategy (GMS) on firm performance. Methodology- The current work was grounded on quantitative technique to test the framed hypotheses. Survey procedure is used to collect the data. 264 respondent were taken into account by applying method of sample determination and allocation. Purposive sampling technique with “five-point Likert scale” was utilized for data assortment. PCA were utilized to measure the unifactoriality. Structure Equation Modeling were used to check the hypothesized relationship b/w the variables. Findings- Findings of the study suggests that green product (GPD), green price (GPC), green promotion (GPM) and green place are absolutely correlated to firm performance with significant P-value <.05. Originality/Value- The current research study can help industrial sector in identifying best solutions for replacing conventional activities used. Limitation & Future Directions- Research study is restricted only to Peshawar, Khyber Pakhtunkhwa, other areas were not in the domain of interest. It is suggested for the forthcoming research to splay the study background across the country. Larger sample size is also recommended. It can provide more faultless data, though the current population and sample size was enough for the justification of the results.
{"title":"Impact of Green Marketing Mix (4Ps) on Firm Performance: Insights from Industrial Sector Peshawar, Pakistan","authors":"Kauser Hayat, Shahid Jan, Fayaz Ali, Aamir Nadeem, Wahid Raza","doi":"10.31529/SJMS.2018.5.1.10","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.10","url":null,"abstract":"Abstract Background & Purpose- After the year 2000, the market for environmentally friendly products become mature and substantially expanded. In the present condition, environmental poverty has appeared as a very scorching issue of concern. The alarming level effects of commercial sector on climate and atmosphere have shaped several life threatening worries. To manage with this, it becomes a great challenge for organizations. The current research work is aim to achieve a better understanding of the corporate sector and their adaptation of green strategies in their production and decisions; associated to firm performance. This is an effort to check the belongings of green marketing strategy (GMS) on firm performance. Methodology- The current work was grounded on quantitative technique to test the framed hypotheses. Survey procedure is used to collect the data. 264 respondent were taken into account by applying method of sample determination and allocation. Purposive sampling technique with “five-point Likert scale” was utilized for data assortment. PCA were utilized to measure the unifactoriality. Structure Equation Modeling were used to check the hypothesized relationship b/w the variables. Findings- Findings of the study suggests that green product (GPD), green price (GPC), green promotion (GPM) and green place are absolutely correlated to firm performance with significant P-value <.05. Originality/Value- The current research study can help industrial sector in identifying best solutions for replacing conventional activities used. Limitation & Future Directions- Research study is restricted only to Peshawar, Khyber Pakhtunkhwa, other areas were not in the domain of interest. It is suggested for the forthcoming research to splay the study background across the country. Larger sample size is also recommended. It can provide more faultless data, though the current population and sample size was enough for the justification of the results.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125515804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.3
Meng Tao, Guan Yuqiao, M. Nawaz, Muhammad Noman Shafique
With the development of ‘Internet +’, a new business model the Sharing Economy is booming，which as a revolutionary power to overthrow the business modes of traditional industries. The development of sharing economy has unique advantages and urgent reality in China. Therefore, based on the current situation of sharing economy, this paper analyzes and contrasts the business models of Uber and the Didi by using Johnson and Christensen's ‘Four Elements’business model，concludes business model of sharing economy should have certain characteristics, such as advocated sharing concept, setting up the Internet platform, providing personalized service, establishing the trust mechanism, the supply and demand matching reshaped. Finally, this paper provides comprehensive suggestions for the better development of Chinese enterprises under the sharing economy: enterprises should know their own advantages, not blindly copying the world's leading enterprises, and make effort to build a new model with Chinese characteristics to sharing economy; create "Internet platform + cooperation partner + customers” model and seek cross-border collaboration; In-depth understanding and analysis the macro and micro-environment of international market, seeking cooperation with foreign domestic enterprise, to speed up enterprises to "go out".
{"title":"A Comparative Analysis of the Business Models of Uber and Didi under Sharing Economy Background","authors":"Meng Tao, Guan Yuqiao, M. Nawaz, Muhammad Noman Shafique","doi":"10.31529/SJMS.2018.5.1.3","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.3","url":null,"abstract":"With the development of ‘Internet +’, a new business model the Sharing Economy is booming，which as a revolutionary power to overthrow the business modes of traditional industries. The development of sharing economy has unique advantages and urgent reality in China. Therefore, based on the current situation of sharing economy, this paper analyzes and contrasts the business models of Uber and the Didi by using Johnson and Christensen's ‘Four Elements’business model，concludes business model of sharing economy should have certain characteristics, such as advocated sharing concept, setting up the Internet platform, providing personalized service, establishing the trust mechanism, the supply and demand matching reshaped. Finally, this paper provides comprehensive suggestions for the better development of Chinese enterprises under the sharing economy: enterprises should know their own advantages, not blindly copying the world's leading enterprises, and make effort to build a new model with Chinese characteristics to sharing economy; create \"Internet platform + cooperation partner + customers” model and seek cross-border collaboration; In-depth understanding and analysis the macro and micro-environment of international market, seeking cooperation with foreign domestic enterprise, to speed up enterprises to \"go out\".","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117036604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.5
I. Ahmad, S. Salam, Anwar Ahmad, Sudhair Abbas
Risk management became an important dilemma in the banking literature and has gained consideration since the financial crisis of 2007-08 which brought numerous challenges for most organizations. More than 325 banks’ failure were reported in the United States during the worldwide financial crisis. The high number of banks failures needs to evaluate the risk management efficiency of banking institutions of Pakistan. In this study, we used the PVAR model and Simultaneous equation approach to examine the link between Liquidity Risk and Credit Risk and its influence on banks’ performance working in Pakistan. The panel data was collected from 33 banking institutions between the period 2008 - 2018. The results revealed that Credit Risk and Liquidity Risk are not interrelated with each other. However, the two risks independently influence the banks’ performance and their relative interaction plays a major role in the instability of the banking sector. The finding forms the foundation for recent regulatory exertions to better understand the two types of risks and to strengthen the joint management of both Liquidity Risk and Credit Risk.
{"title":"The nexus between credit risk and liquidity risk and their impact on banks financial performance: Evidence from Pakistan","authors":"I. Ahmad, S. Salam, Anwar Ahmad, Sudhair Abbas","doi":"10.31529/SJMS.2018.5.1.5","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.5","url":null,"abstract":"Risk management became an important dilemma in the banking literature and has gained consideration since the financial crisis of 2007-08 which brought numerous challenges for most organizations. More than 325 banks’ failure were reported in the United States during the worldwide financial crisis. The high number of banks failures needs to evaluate the risk management efficiency of banking institutions of Pakistan. In this study, we used the PVAR model and Simultaneous equation approach to examine the link between Liquidity Risk and Credit Risk and its influence on banks’ performance working in Pakistan. The panel data was collected from 33 banking institutions between the period 2008 - 2018. The results revealed that Credit Risk and Liquidity Risk are not interrelated with each other. However, the two risks independently influence the banks’ performance and their relative interaction plays a major role in the instability of the banking sector. The finding forms the foundation for recent regulatory exertions to better understand the two types of risks and to strengthen the joint management of both Liquidity Risk and Credit Risk.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126489620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.8
M. Bibi
Artificial intelligence has a theatrical effect on management of the workforce in the future. This paper has highlighted the benefits and challenges to adoption of artificial intelligence approach in human resource management functions in Pakistan. Artificial intelligence-based human resource applications have robust potential to increase employee performance, engagement & retention while it also helps to reduce turnover, errors, time & biases in HR decision making. Artificial Intelligence needs to be incorporated by the organization in Pakistan for effective people management and HR decisions. Reluctance to the adoption of artificial intelligence in human resource management functions can demonstrate the devastating effect on the overall growth of the organization; thus, human resource leaders should prepare and train the human resource for the adoption of artificial intelligence & also address the concerns regarding man & machine interactions at the workplace. Yet, artificial intelligence cannot substitute the human element in human resource management, although if artificial intelligence united with capabilities of a human, would fetch on more intelligent solutions for HR. Hence, in today’s world, artificial intelligence is a formula for the success of HR.
{"title":"Execution of Artificial Intelligence Approach in Human Resource Management Functions: Benefits and Challenges in Pakistan","authors":"M. Bibi","doi":"10.31529/SJMS.2018.5.1.8","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.8","url":null,"abstract":"Artificial intelligence has a theatrical effect on management of the workforce in the future. This paper has highlighted the benefits and challenges to adoption of artificial intelligence approach in human resource management functions in Pakistan. Artificial intelligence-based human resource applications have robust potential to increase employee performance, engagement & retention while it also helps to reduce turnover, errors, time & biases in HR decision making. Artificial Intelligence needs to be incorporated by the organization in Pakistan for effective people management and HR decisions. Reluctance to the adoption of artificial intelligence in human resource management functions can demonstrate the devastating effect on the overall growth of the organization; thus, human resource leaders should prepare and train the human resource for the adoption of artificial intelligence & also address the concerns regarding man & machine interactions at the workplace. Yet, artificial intelligence cannot substitute the human element in human resource management, although if artificial intelligence united with capabilities of a human, would fetch on more intelligent solutions for HR. Hence, in today’s world, artificial intelligence is a formula for the success of HR.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128960049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.9
Muhammad Naeem, Waseef Jamal, M. Iqbal, F. Shah, M. Riaz
Leadership is considered the prime source for development of a learning organization. School leadership is a critical issue for developing schools as learning organizations which in turn produce well-equipped human resources for the development of the knowledge economy. This study was carried out in the seven districts of Khyber Pakhtunkhwa – KP- Government owned High Schools to investigate the leadership styles of school leaders and demographic impact on these styles. It was found that although school leaders are more transformational than transactional but not up to the desired level. Higher scores were reported for Idealized Influence, Inspirational motivation, and Contingent reward respectively. Laissez-faire leadership style is the least exercised style. Overall, male was found more transformational than female, but on individual (dimensions) styles they differed. The result showed an interesting relationship of age with styles that in early and late ages, school leaders preferred to exercise charismatic (idealized influence) but in the mid ages, they were inclined to use contingent reward. It is suggested that for the school leader’s degree or a diploma in Education Planning and Management (EPM) shall be included in their eligibility criteria, their department shall have successive planning, their appraisal shall take in to consideration their leadership behaviors, they shall be involved in incentivized research activities, and shall be given autonomy in school management. At the end limitations and future directions are also discussed.
{"title":"Leadership styles in Government High schools: Evidence from Khyber Pakhtunkhwa – KP","authors":"Muhammad Naeem, Waseef Jamal, M. Iqbal, F. Shah, M. Riaz","doi":"10.31529/SJMS.2018.5.1.9","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.9","url":null,"abstract":"Leadership is considered the prime source for development of a learning organization. School leadership is a critical issue for developing schools as learning organizations which in turn produce well-equipped human resources for the development of the knowledge economy. This study was carried out in the seven districts of Khyber Pakhtunkhwa – KP- Government owned High Schools to investigate the leadership styles of school leaders and demographic impact on these styles. It was found that although school leaders are more transformational than transactional but not up to the desired level. Higher scores were reported for Idealized Influence, Inspirational motivation, and Contingent reward respectively. Laissez-faire leadership style is the least exercised style. Overall, male was found more transformational than female, but on individual (dimensions) styles they differed. The result showed an interesting relationship of age with styles that in early and late ages, school leaders preferred to exercise charismatic (idealized influence) but in the mid ages, they were inclined to use contingent reward. It is suggested that for the school leader’s degree or a diploma in Education Planning and Management (EPM) shall be included in their eligibility criteria, their department shall have successive planning, their appraisal shall take in to consideration their leadership behaviors, they shall be involved in incentivized research activities, and shall be given autonomy in school management. At the end limitations and future directions are also discussed.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130421110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.4
Fizza Riaz, Mian Shakeel Ahmed, Z. Rehman, Asim Rahman
This study was carried out to find how stress affects the performance of male and female employees in the NGO sector in Pakistan. The authors have used a case study approach. The data was collected using in-depth interviews of the employees of Sungi foundation in district Abbottabad of Khyber-Pakhtunkhwa province in Pakistan. Our results suggest that stress differentially impacts both male and female employees in the NGO sector in Pakistan. Although both males and females thought they experienced a drop in performance due to stress, the female employees felt they were affected more. This is due to their family responsibilities in addition to job duties. The study does not seek to generalize to all the other settings and the authors strongly suggest further studies to replicate the findings. The use of rigorous quantitative methodologies will lend more rigors to the results.
{"title":"Does Stress affect job performance of male and female employees differentially? A study of the perceptions of employees of Sungi in Hazara Region of Pakistan","authors":"Fizza Riaz, Mian Shakeel Ahmed, Z. Rehman, Asim Rahman","doi":"10.31529/SJMS.2018.5.1.4","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.4","url":null,"abstract":"This study was carried out to find how stress affects the performance of male and female employees in the NGO sector in Pakistan. The authors have used a case study approach. The data was collected using in-depth interviews of the employees of Sungi foundation in district Abbottabad of Khyber-Pakhtunkhwa province in Pakistan. Our results suggest that stress differentially impacts both male and female employees in the NGO sector in Pakistan. Although both males and females thought they experienced a drop in performance due to stress, the female employees felt they were affected more. This is due to their family responsibilities in addition to job duties. The study does not seek to generalize to all the other settings and the authors strongly suggest further studies to replicate the findings. The use of rigorous quantitative methodologies will lend more rigors to the results.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130360087","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-30DOI: 10.31529/SJMS.2018.5.1.1
S. Réhman, Bahrawar Said
Research in behavioral finance put forward that in violation of Bayes’ theorem rule and involving in Noise trading, majority of the investors in stock market tend to underreact or overreact to unanticipated bad and good news. One of the investor anomalies “Overreaction effect” in 30 firms listed in Pakistan Stock Exchange has been investigated in this study with the help of the portfolios of Loser and Winner Average Cumulative Abnormal Return’s. Moreover, the Random Walk is checked over the average prices of the same 30 firms listed in Pakistan stock market. This research of market efficiency took stocks data of randomly selected 30 firms listed in Pakistan Stock Exchange on weekly basis whether such investor’s anomalies affect stock prices. The result presents that there exist weak form of efficiency where the investor Overreaction present over many periods especially in global financial crises. Along with it, the Econometric test confirms the presence of Random Walk in the thirty firms of Pakistan stock market. Finally, the portfolios of loser Average Cumulative Abnormal Return’s outperformed that of portfolios of winner Average Cumulative Abnormal Return’s.
{"title":"Analysis of Investor Overreaction Effect and Random Walk: A Case Study of Pakistan Stock Exchange","authors":"S. Réhman, Bahrawar Said","doi":"10.31529/SJMS.2018.5.1.1","DOIUrl":"https://doi.org/10.31529/SJMS.2018.5.1.1","url":null,"abstract":"Research in behavioral finance put forward that in violation of Bayes’ theorem rule and involving in Noise trading, majority of the investors in stock market tend to underreact or overreact to unanticipated bad and good news. One of the investor anomalies “Overreaction effect” in 30 firms listed in Pakistan Stock Exchange has been investigated in this study with the help of the portfolios of Loser and Winner Average Cumulative Abnormal Return’s. Moreover, the Random Walk is checked over the average prices of the same 30 firms listed in Pakistan stock market. This research of market efficiency took stocks data of randomly selected 30 firms listed in Pakistan Stock Exchange on weekly basis whether such investor’s anomalies affect stock prices. The result presents that there exist weak form of efficiency where the investor Overreaction present over many periods especially in global financial crises. Along with it, the Econometric test confirms the presence of Random Walk in the thirty firms of Pakistan stock market. Finally, the portfolios of loser Average Cumulative Abnormal Return’s outperformed that of portfolios of winner Average Cumulative Abnormal Return’s.","PeriodicalId":142945,"journal":{"name":"Sarhad Journal of Management Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116991871","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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