The examination of variables that can affect the profitability of the firms is the main purpose of this study. The aim of this study is to find out the effects of dependent on independent variables thoroughly. Profitability is the dependent variable used in this study and accounts payables, short term debt and long-term debt and the control variables are size, and age of the firms are the independent variables that has been used. For this purpose, the quantitative approach has been used. All the data has been used in this study is collected from the official website of Pakistan Stock Exchange PSX. The result of this study shows that the no other variable has any significant impact on the profitability of firms accept long term debt. This means that the companies should go for equity financing and not for the debt financing. All variables of debt financing that are considered for this study are, short term debt, long term debt and accounts payable suggests that companies should go for equity financing. The control variables of the study do not have any effect on the profitability of the firm but for the SMEs the size of the firms impacts the profitability. The managers of the firms should go for the internal financing for the higher profitability.
{"title":"Debt Financing and Performance of Firms in Pakistan","authors":"Sidra Aziz","doi":"10.58921/jobams.5.1.94","DOIUrl":"https://doi.org/10.58921/jobams.5.1.94","url":null,"abstract":"The examination of variables that can affect the profitability of the firms is the main purpose of this study. The aim of this study is to find out the effects of dependent on independent variables thoroughly. Profitability is the dependent variable used in this study and accounts payables, short term debt and long-term debt and the control variables are size, and age of the firms are the independent variables that has been used. For this purpose, the quantitative approach has been used. All the data has been used in this study is collected from the official website of Pakistan Stock Exchange PSX. The result of this study shows that the no other variable has any significant impact on the profitability of firms accept long term debt. This means that the companies should go for equity financing and not for the debt financing. All variables of debt financing that are considered for this study are, short term debt, long term debt and accounts payable suggests that companies should go for equity financing. The control variables of the study do not have any effect on the profitability of the firm but for the SMEs the size of the firms impacts the profitability. The managers of the firms should go for the internal financing for the higher profitability.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129525357","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}
This systematic review examines the relationship between working capital management (WCM) and profitability, with a focus on the impact of cash conversion cycle (CCC) on profitability. Out of the 53 independent studies analyzed, only those that used CCC as a measure for WCM were selected for analysis. The review found that efficient WCM, specifically the optimal level of CCC, has a significant impact on profitability. Firms should review their receivables and payable policy to maintain market value, shareholders' wealth, and minimize the risk of bankruptcy. Accelerating cash collections through proper management, effective policies, and corporate strategies also improves profitability. The study highlights CCC as a powerful tool for firms to manage their working capital efficiently. The review suggests that firms should maintain an optimal CCC level and effective management practices to improve WCM and profitability. Further research using qualitative research methods is needed to gain a deeper understanding of WCM practices.
{"title":"The Systematic Literature Review: An overview on Working Capital Management and Profitability","authors":"Suman Talreja","doi":"10.58921/jobams.5.1.87","DOIUrl":"https://doi.org/10.58921/jobams.5.1.87","url":null,"abstract":"This systematic review examines the relationship between working capital management (WCM) and profitability, with a focus on the impact of cash conversion cycle (CCC) on profitability. Out of the 53 independent studies analyzed, only those that used CCC as a measure for WCM were selected for analysis. The review found that efficient WCM, specifically the optimal level of CCC, has a significant impact on profitability. Firms should review their receivables and payable policy to maintain market value, shareholders' wealth, and minimize the risk of bankruptcy. Accelerating cash collections through proper management, effective policies, and corporate strategies also improves profitability. The study highlights CCC as a powerful tool for firms to manage their working capital efficiently. The review suggests that firms should maintain an optimal CCC level and effective management practices to improve WCM and profitability. Further research using qualitative research methods is needed to gain a deeper understanding of WCM practices.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127890606","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}
This study investigates the role of Islamic banking in enhancing policy objectives and supporting growth in Pakistan. This research aims to explain how the real economy of Pakistan has been influenced by the Islamic financial system, particularly in channelizing monetary policy tools. The secondary data within the period of 2007 – 2020 is used to answer the research question. Industrial Production Index has taken as a dependent variable, while Islamic Financing, Islamic Deposits, and Overnight Repo as taken as independent variables. Following the prior research co-integration test, impulse response functions and variance decomposition analysis have been used, by using Eviews 10. The study has found a positive impact of Islamic banking on economic output and there is a significant positive impact of monetary policy decisions on economic output and there is an insignificant impact of financial crisis and COVID 19 in long run. It has mainly 03 implications are: Impact on real economy, Role in promoting financial stability, and different monetary policy instruments. The proposed model may offer some insights to policy makers if it is examined empirically.
{"title":"Monetary Policy Transmission in Pakistan: Role of Islamic Banking in Enhancing Policy Objectives and Supporting Growth","authors":"I. Soomro, R. Shaikh","doi":"10.58921/jobams.5.1.95","DOIUrl":"https://doi.org/10.58921/jobams.5.1.95","url":null,"abstract":"This study investigates the role of Islamic banking in enhancing policy objectives and supporting growth in Pakistan. This research aims to explain how the real economy of Pakistan has been influenced by the Islamic financial system, particularly in channelizing monetary policy tools. The secondary data within the period of 2007 – 2020 is used to answer the research question. Industrial Production Index has taken as a dependent variable, while Islamic Financing, Islamic Deposits, and Overnight Repo as taken as independent variables. Following the prior research co-integration test, impulse response functions and variance decomposition analysis have been used, by using Eviews 10. The study has found a positive impact of Islamic banking on economic output and there is a significant positive impact of monetary policy decisions on economic output and there is an insignificant impact of financial crisis and COVID 19 in long run. It has mainly 03 implications are: Impact on real economy, Role in promoting financial stability, and different monetary policy instruments. The proposed model may offer some insights to policy makers if it is examined empirically.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126131764","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}
This study aims at exploring the role of Online Brand Engagement (OBE) in retaining customers, augmenting brand loyalty elevating brand image & strengthening brand association. This is an exploratory study with qualitative approach & netnographic technique of data collection. Using purposive sampling, 20 social media users were voluntarily selected to participate in this study, they strived to engage themselves with the restaurant brands on their online pages for more than a month, the researchers then conducted semi-structured in-depth interviews from those participants to explore the framework of online brand engagement in Pakistan. Thematic finding indicates that satisfactory online brand engagement triggers special feeling for the brand and that results in generation of word of mouth. It also creates ease and convenience that foster the customer-brand relationship. Moreover, positive OBE develops sense of trust which strength image of that brand, customer feel associated with the brands. This whole process culminates into customer retention and brand loyalty.
{"title":"A netnographic qualitative inquiry of antecedents and outcomes of online brand engagement","authors":"Mahnoor Pervaiz","doi":"10.58921/jobams.5.1.90","DOIUrl":"https://doi.org/10.58921/jobams.5.1.90","url":null,"abstract":"This study aims at exploring the role of Online Brand Engagement (OBE) in retaining customers, augmenting brand loyalty elevating brand image & strengthening brand association. This is an exploratory study with qualitative approach & netnographic technique of data collection. Using purposive sampling, 20 social media users were voluntarily selected to participate in this study, they strived to engage themselves with the restaurant brands on their online pages for more than a month, the researchers then conducted semi-structured in-depth interviews from those participants to explore the framework of online brand engagement in Pakistan. Thematic finding indicates that satisfactory online brand engagement triggers special feeling for the brand and that results in generation of word of mouth. It also creates ease and convenience that foster the customer-brand relationship. Moreover, positive OBE develops sense of trust which strength image of that brand, customer feel associated with the brands. This whole process culminates into customer retention and brand loyalty.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133732220","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}
The study explores the antecedents and consequences of Employee Engagement in the telecommunication and banking sector of Pakistan. With a qualitative approach, 14 interviews were taken with purposive sampling, and with data saturation, the data was analyzed with thematic analysis. The findings suggest that employees be motivated towards the salary and allowances, however, the employer branding and brand name of the companies, and the office environment creates more engagement with work. It was also suggested that engagement creates a pathway for happiness and commitment for employees.
{"title":"Antecedents and Consequences of Employee Engagement: Evidence from Banking & Telecommunication Sector of Pakistan","authors":"N. Shaikh, Ramsha Kareem, Shaour Ahmed","doi":"10.58921/jobams.5.1.91","DOIUrl":"https://doi.org/10.58921/jobams.5.1.91","url":null,"abstract":"The study explores the antecedents and consequences of Employee Engagement in the telecommunication and banking sector of Pakistan. With a qualitative approach, 14 interviews were taken with purposive sampling, and with data saturation, the data was analyzed with thematic analysis. The findings suggest that employees be motivated towards the salary and allowances, however, the employer branding and brand name of the companies, and the office environment creates more engagement with work. It was also suggested that engagement creates a pathway for happiness and commitment for employees.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131045408","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}
Asif Hussain Samo, Ghufrana Akber, Sanadia Fareed, M. Jamil
The study was conducted to explore the perceptual issues and challenges of a gender diversified team to work effectively. With the qualitative phenomenology approach, the lived experiences of the participants were recorded with interviews, and the responses were analyzed with the technique of initial and axial coding. Thematic analysis was performed to explore the issues and challenges. It was investigated that males and females have different issues in the diversified team. Males think that since women are emotional, lack professionalism so it’s difficult to create effectiveness, however, females believe, that males have too much negative ego, and they are hot-tempered, therefore they create troubles. The challenges are lack of trust, frequent conflict, and adherence to fellowship. The study helps managers to train the diversified teams on these findings to make them more effective.
{"title":"DISCOVERING THE DEFIANCE: EXPLORING THE ISSUES AND CHALLENGES IN CREATING GENDER DIVERSITY AT THE TEAM LEVEL","authors":"Asif Hussain Samo, Ghufrana Akber, Sanadia Fareed, M. Jamil","doi":"10.58921/jobams.4.2.83","DOIUrl":"https://doi.org/10.58921/jobams.4.2.83","url":null,"abstract":"The study was conducted to explore the perceptual issues and challenges of a gender diversified team to work effectively. With the qualitative phenomenology approach, the lived experiences of the participants were recorded with interviews, and the responses were analyzed with the technique of initial and axial coding. Thematic analysis was performed to explore the issues and challenges. It was investigated that males and females have different issues in the diversified team. Males think that since women are emotional, lack professionalism so it’s difficult to create effectiveness, however, females believe, that males have too much negative ego, and they are hot-tempered, therefore they create troubles. The challenges are lack of trust, frequent conflict, and adherence to fellowship. The study helps managers to train the diversified teams on these findings to make them more effective.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"231 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115826815","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}
Centered on the empirical evidence of Pakistani firms, this study aims to examine the relationship between working capital management and the performance of a company. A sample of 40 manufacturing firms listed on the PSX for the five-year period (2015-2019) were selected for analysis. Since working capital plays a major role in improving business performance, managers must find the effect of WCM on the performance of the company and manage WCM efficiently to improve profitability performance (ROA). Panel data regression is used to investigate the relation of WCM to the performance of a firm. As a result, the empirical findings of the regression analysis show that there is a significant negative relationship between ROA and CCC, and APP of manufacturing firms. Which is consistent with the earlier studies that longer the CCC and APP decline the profitability of the firm. On the other hand, ACP and InvTD have an insignificant effect on ROA for manufacturing firms. Conclusively, WCM has a substantial effect on the performance of manufacturing firms. Also, Due to endogeneity bias, the result of our analyses indicates significant differences in findings reported under the ordinary least square (OLS) approach, fixed effects, and the generalized method of moments (GMM) estimations.
{"title":"NEXUS BETWEEN WORKING CAPITAL MANAGEMENT (WCM) AND FIRM PERFORMANCE: EMPIRICAL EVIDENCE FROM MANUFACTURING SECTOR OF PAKISTAN USING GMM APPROACH","authors":"S. Akhtar, Tania Nadeem","doi":"10.58921/jobams.4.2.84","DOIUrl":"https://doi.org/10.58921/jobams.4.2.84","url":null,"abstract":"Centered on the empirical evidence of Pakistani firms, this study aims to examine the relationship between working capital management and the performance of a company. A sample of 40 manufacturing firms listed on the PSX for the five-year period (2015-2019) were selected for analysis. Since working capital plays a major role in improving business performance, managers must find the effect of WCM on the performance of the company and manage WCM efficiently to improve profitability performance (ROA). Panel data regression is used to investigate the relation of WCM to the performance of a firm. As a result, the empirical findings of the regression analysis show that there is a significant negative relationship between ROA and CCC, and APP of manufacturing firms. Which is consistent with the earlier studies that longer the CCC and APP decline the profitability of the firm. On the other hand, ACP and InvTD have an insignificant effect on ROA for manufacturing firms. Conclusively, WCM has a substantial effect on the performance of manufacturing firms. Also, Due to endogeneity bias, the result of our analyses indicates significant differences in findings reported under the ordinary least square (OLS) approach, fixed effects, and the generalized method of moments (GMM) estimations.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132522622","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}
Mohsin Ali, Afaq Ahmed Kazi, Syed Aamir Alam Rizvi, Hussnain Ghafoor
Due to an uncertain business environment caused by natural and man-made operational disruptions, operational resilience is gaining importance. This is especially true for companies whose competitive advantage relies on operational efficiency. This research aims to determine if operational resilience, operational disruption, operational efficiency, and firm competitive advantage are linked. Responses were collected from 266 industry professionals. According to the study, operational resilience does not affect operational efficiency, but it does affect a firm's competitive advantage. Operational disruptions affect operational efficiency but not a company's competitive edge. This research also reveals that operational efficiency has no impact on the link between operational resilience and competitive advantage. This research will help organizations to raise their competitive edge, which is a key measure of performance. This will be done while considering operational interruption events and operational resiliency resources. This research will aid organizations to understand the importance of these variables to get a competitive advantage for their growth and survival.
{"title":"HOW DO OPERATIONAL DISRUPTION AND RESILIENCY IMPACT A FIRM'S OPERATIONAL EFFICIENCY AND COMPETITIVE ADVANTAGE? PAKISTAN CASE","authors":"Mohsin Ali, Afaq Ahmed Kazi, Syed Aamir Alam Rizvi, Hussnain Ghafoor","doi":"10.58921/jobams.4.2.86","DOIUrl":"https://doi.org/10.58921/jobams.4.2.86","url":null,"abstract":"Due to an uncertain business environment caused by natural and man-made operational disruptions, operational resilience is gaining importance. This is especially true for companies whose competitive advantage relies on operational efficiency. This research aims to determine if operational resilience, operational disruption, operational efficiency, and firm competitive advantage are linked. Responses were collected from 266 industry professionals. According to the study, operational resilience does not affect operational efficiency, but it does affect a firm's competitive advantage. Operational disruptions affect operational efficiency but not a company's competitive edge. This research also reveals that operational efficiency has no impact on the link between operational resilience and competitive advantage. This research will help organizations to raise their competitive edge, which is a key measure of performance. This will be done while considering operational interruption events and operational resiliency resources. This research will aid organizations to understand the importance of these variables to get a competitive advantage for their growth and survival.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131062375","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}
Many researchers have considered the issue of dividend policy over many other factors of profitability namely; profit margin, return on sales, return on assets, return on equity and return on investment however the motive of our study was to focus on the dividend payout ratio which is the one aspect of dividend policy over two main profitability ratios i.e. Return on Asset and Return on Equity therefore with the consideration of these factors this study derived the relationship between the dividend payout ratio and profitability nevertheless the impact of dividend payout ratio over return on asset (a component of profitability) is also derived. Moreover, the data of the listed oil sector companies of Pakistan is undertaken and the regression and correlation tests are applied on the variables to check the relationship and impact on each other besides the result showed that dividend payout ratio is the critical component which affects the performance of the firm since it is identified in our study with the R square of 0.18. Therefore, considering the result of this study it is said that the oil sector companies must pay attention to their dividend policies seeing as it affects the firm’s performance.
{"title":"RELATIONSHIP BETWEEN THE DIVIDEND PAYOUT AND FIRM’S PROFITABILITY: A STUDY IN THE OIL SECTOR OF PAKISTAN","authors":"Shamsa Aman, Erum Bibi, Muhammad Kashif Khan","doi":"10.58921/jobams.4.2.85","DOIUrl":"https://doi.org/10.58921/jobams.4.2.85","url":null,"abstract":"Many researchers have considered the issue of dividend policy over many other factors of profitability namely; profit margin, return on sales, return on assets, return on equity and return on investment however the motive of our study was to focus on the dividend payout ratio which is the one aspect of dividend policy over two main profitability ratios i.e. Return on Asset and Return on Equity therefore with the consideration of these factors this study derived the relationship between the dividend payout ratio and profitability nevertheless the impact of dividend payout ratio over return on asset (a component of profitability) is also derived. Moreover, the data of the listed oil sector companies of Pakistan is undertaken and the regression and correlation tests are applied on the variables to check the relationship and impact on each other besides the result showed that dividend payout ratio is the critical component which affects the performance of the firm since it is identified in our study with the R square of 0.18. Therefore, considering the result of this study it is said that the oil sector companies must pay attention to their dividend policies seeing as it affects the firm’s performance.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130419574","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}
This research paper critically evaluates the key concepts in consumer behavior such as needs, wants, consumerism, self-concept and motivation from Islamic perspective and propose Islamic framework to understand consumer buying behavior. The study uses an integrative review method to synthesize and summarizing the previous literature related to the phenomenon. The content/critical analysis of literature across multiple studies is conducted to summarize and draw the conclusion. The sources reviewed in the paper include holy verses from Quran & Hadith (prophetic narration), peer-reviewed journal articles and other online resources. Findings from content analysis reveals that process of needs and wants satisfaction in Islam is mainly governed by Islamic values, traditions, and principles contrary to rational economic theory. Consumption and satisfaction are broadly lay down on the principles and values derived from Islamic traditions (Quran and Hadith) which are up to some extent contrary to the modern conception of commoditization culture. However, Islamic consumption is meaningful and linked with greater purpose such as well-being, responsibility, moderation, and conservation of resources which equates with the concept of corporate social responsibility (CSR) and sustainability.
{"title":"FRAMEWORK OF ISLAMIC CONSUMER BEHAVIOR: EXPLORING THE FOUNDATION OF ISLAMIC CONSUMER BEHAVIOR AND MOTIVATION","authors":"Muhammad Zafran","doi":"10.58921/jobams.4.2.82","DOIUrl":"https://doi.org/10.58921/jobams.4.2.82","url":null,"abstract":"This research paper critically evaluates the key concepts in consumer behavior such as needs, wants, consumerism, self-concept and motivation from Islamic perspective and propose Islamic framework to understand consumer buying behavior. The study uses an integrative review method to synthesize and summarizing the previous literature related to the phenomenon. The content/critical analysis of literature across multiple studies is conducted to summarize and draw the conclusion. The sources reviewed in the paper include holy verses from Quran & Hadith (prophetic narration), peer-reviewed journal articles and other online resources. Findings from content analysis reveals that process of needs and wants satisfaction in Islam is mainly governed by Islamic values, traditions, and principles contrary to rational economic theory. Consumption and satisfaction are broadly lay down on the principles and values derived from Islamic traditions (Quran and Hadith) which are up to some extent contrary to the modern conception of commoditization culture. However, Islamic consumption is meaningful and linked with greater purpose such as well-being, responsibility, moderation, and conservation of resources which equates with the concept of corporate social responsibility (CSR) and sustainability.","PeriodicalId":184567,"journal":{"name":"Journal of Business Administration and Management Sciences (JOBAMS)","volume":"115 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124002201","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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