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Organizational Learning, Quality Strategy and Perceived Firm Performance of Textile Firms 组织学习、质量战略与纺织企业绩效感知
Pub Date : 2018-04-01 DOI: 10.22555/PBR.V20I1.497
Saif Ullah, M. Waqas
This study employs organizational learning theory and quality strategy theory to formulate a new organizational learning-quality strategy- that can be used to enhance firm performance of the firms of textile sector listed at Pakistan Stock exchange. This research explores the moderating role of quality strategy in the relation between organizational learning and perceived firm performance. This article also explores the effect of organizational learning on quality strategy and perceived firm performance, as well as the impact of quality strategy on perceived firm performance. The model was tested using the experience of 300 Pakistani textile firms operating in a variety of host markets. To test the moderating role, process developed by Hayes was used. The empirical results indicate that perceived firm performance is significantly affected by organizational learning (explorative and exploitative learning) and quality strategy. Furthermore, the results confirm that the explorative, exploitative learning and quality strategy have a positive relationship with perceived firm performance and quality strategy moderates the relationship between organizational learning and perceived firm performance. The outcomes of this article provide a new direction for future research regarding organizational learning, quality strategy and perceived firm performance.
本研究运用组织学习理论和质量战略理论,制定了一种新的组织学习-质量战略,可用于提高巴基斯坦证券交易所纺织行业上市公司的企业绩效。本研究探讨品质策略在组织学习与企业绩效感知关系中的调节作用。本文还探讨了组织学习对质量战略和感知企业绩效的影响,以及质量战略对感知企业绩效的影响。利用在不同东道国市场经营的300家巴基斯坦纺织公司的经验,对该模型进行了测试。为了检验调节作用,采用Hayes开发的过程。实证结果表明,组织学习(探索性学习和剥削性学习)和质量战略显著影响企业绩效感知。探索性学习、剥削性学习和质量战略对企业绩效感知有正向影响,质量战略对组织学习和企业绩效感知有调节作用。本文的研究结果为组织学习、质量战略和企业感知绩效的未来研究提供了新的方向。
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引用次数: 0
DEVELOPMENT OF THE GENERAL EMOTIONAL LABOR SCALE – URDU (GELS – U) 一般情绪劳动量表的编制-乌尔都语(gel - u)
Pub Date : 2018-01-10 DOI: 10.22555/pbr.v19i4.1883
Falak Zehra Mohsin, N. Ali
The purpose of the current research is to develop a scale that measures Emotional Labor in Urdu and the study describes the procedure followed to develop the General Emotional Labor Scale – Urdu (GELS – U). The process of scale development was broken up into different phases. The first phase of scale construction dealt with item generation and the second involved conducting a pilot study. The sample for the pilot study consisted of 308 individuals. Based on the results of the pilot study the items of the scale were reduced from 49 to 30 using factor analysis and item-total correlations. The last phase of the study entailed norms development and establishing the reliability of GELS – U. For this purpose, the sample consisted of 505 individuals. The internal consistency of GELS – U was found to be 0.810, and the test-retest reliability was 0.871. Thus, the General Emotional Labor Scale – Urdu was developed as a measure of emotional labor in the national language of Pakistan – i.e. Urdu. Such a scale can be useful for not just researchers but for organizations in the service sector as well. This will help understanding in the performance of emotional labor, its effects on employees and the possibility of training employees who might need to perform such labor.
本研究的目的是开发一种测量乌尔都语情绪劳动的量表,并描述了开发乌尔都语通用情绪劳动量表(GELS - U)的过程。量表的开发过程分为不同的阶段。量表构建的第一阶段涉及项目生成,第二阶段涉及进行试点研究。试点研究的样本包括308人。根据初步研究的结果,使用因子分析和项目总量相关性将量表的项目从49个减少到30个。研究的最后阶段包括规范制定和建立GELS - u的可靠性。为此,样本由505个人组成。GELS - U的内部一致性为0.810,重测信度为0.871。因此,《一般情绪劳动量表-乌尔都语》被开发出来,作为巴基斯坦民族语言-即乌尔都语的情绪劳动测量标准。这样的规模不仅对研究人员有用,而且对服务部门的组织也有用。这将有助于理解情绪劳动的表现,它对员工的影响以及培训可能需要执行这种劳动的员工的可能性。
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引用次数: 0
ORGANIZATIONAL JUSTICE AND EMPLOYEE CONTEXTUAL PERFORMANCE: THE MODERATING EFFECT OF ORGANIZATIONAL RESPECT 组织公平与员工情境绩效:组织尊重的调节作用
Pub Date : 2018-01-10 DOI: 10.22555/PBR.V19I4.1877
A. Saboor, Muqqadas Rehman, S. Rehman
The study investigates the moderating effect of organizational respect on the association between organization justice perceptions and contextual performance. Researchers have hypothesized that organizational respect moderates the association between organizational justice (distributive, procedural, interactional) and contextual performance. In a randomized sample of 385 nurses, dispensers and doctors to whom the self-administrated questionnaires were distributed, it was established that organizational justice predicts contextual performance very well. Multiple moderation regression (MMR) results also reveal that organizational respect moderates the association between organizational justice and contextual performance. The results from the existing study, offer some valuable practical implications at organizational level. Managers can boost up employees performance by promoting organizational respect and focusing on their fair interaction with subordinates and group members. Our major limitation is that workers rate themselves about their contextual performance. There is a tendency that in self-appraisal workers rate themselves high. Inspite of the limitations are there, yet this study is novel and unique as organizational respect was tested for its moderating effect in the health sector of Pakistan.
本研究探讨组织尊重对组织公平感与情境绩效的调节作用。研究人员假设,组织尊重调节组织公正(分配、程序、互动)和情境绩效之间的关联。在随机抽取的385名护士、配药员和医生的自我管理问卷中,我们发现组织公正可以很好地预测情境绩效。多元调节回归(MMR)结果还显示,组织尊重对组织公正与情境绩效之间的关系具有调节作用。现有研究的结果在组织层面上提供了一些有价值的实践启示。管理者可以通过促进组织尊重和关注员工与下属和团队成员的公平互动来提高员工的绩效。我们的主要限制是,员工对自己在环境中的表现进行评估。有一种趋势是,在自我评价中,员工对自己的评价很高。尽管存在局限性,但本研究是新颖和独特的,因为测试了组织尊重在巴基斯坦卫生部门的调节作用。
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引用次数: 9
THE IMPACT OF MACROECONOMIC VOLATILITY ON STOCK RETURN VOLATILITY: EVIDENCE FROM PAKISTAN STOCK MARKET 宏观经济波动对股票收益波动的影响:来自巴基斯坦股市的证据
Pub Date : 2018-01-10 DOI: 10.22555/pbr.v19i4.1867
Fauzia Mubarik, A. Y. Javid
This study examines the impact of macro-economic volatility on stock return volatility for fifty stocks listed at the Karachi Stock Exchange using monthly data from July 1998 to June 2014. The macro-economic variables included in the analysis are market return, industrial production, inter-bank call money rate, term structure of interest rate, money supply, exchange rate and the inflation rate. The result of significant autoregressive process suggests existence of volatility persistence. The industrial production has a negative effect on stock market volatility and the volatility of exchange rate captures the external sector volatility and has a positive effect on stock return volatility. The increased variation in money supply and inflation make stock returns more volatile and an unexpected change in call money rate and the term structure of interest rate has the opposite effect on stock returns volatility. This leads to the conclusion that stock prices fluctuations in Pakistan are influenced by financial and economic variables’ uncertainty. Therefore, investors, authorities and policy makers are needed to take into account the
本研究利用1998年7月至2014年6月的月度数据,考察了宏观经济波动对卡拉奇证券交易所50只上市股票收益波动的影响。宏观经济变量包括市场收益、工业生产、银行同业拆借利率、利率期限结构、货币供应量、汇率和通货膨胀率。显著的自回归过程的结果表明存在波动持续性。工业生产对股票市场波动有负向影响,汇率波动捕捉了外部部门波动,对股票收益波动有正向影响。货币供应量和通货膨胀的变化增大使股票收益的波动性增大,而隔夜拆借利率和利率期限结构的意外变化对股票收益的波动性产生相反的影响。由此得出结论,巴基斯坦的股价波动受到金融和经济变量的不确定性的影响。因此,投资者、当局和政策制定者都需要考虑到这一点
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引用次数: 1
ECONOMIC VALUE ADDITION IMPLICATIONS: A STUDY OF THE PAKISTANI BANKING INDUSTRY 经济增值影响:巴基斯坦银行业研究
Pub Date : 2018-01-10 DOI: 10.22555/pbr.v19i4.1871
Aamir Azeem, Ali Fayyaz, A. Jadoon
Human beings are mostly concerned about value addition in almost every aspect of life. Does this reality prove accurate in secondary markets investment? This empirical study deals with the Economic Value Addition of major seventeen banks of Pakistan including national and public limited banks. In this research, ROE, ROCE, and OCF are taken as parameters of profitability while marketability parameters are PE and MB ratio. Two sample t-tests show that a new banks value creation is more in comparison with old banks in the context of EVA. Private and Government bank are not significantly different in EVA. Fixed effect modeling and Cluster estimation infer that Profitability parameters positively impact EVA. Marketability parameter MB positively impacts EVA while PE ratio is statistically insignificant. Correlation analysis shows that investors of the banking sector in Pakistan do not pay special attention to EVA in their investment decisions.
人类最关心的几乎是生活各个方面的增值。这一现实在二级市场投资中被证明是准确的吗?本实证研究涉及巴基斯坦主要17家银行的经济增值,包括国家和公共有限责任银行。本研究以ROE、ROCE和OCF作为盈利能力的参数,以PE和MB比率作为市场性参数。两个样本t检验表明,在EVA的背景下,新银行的价值创造高于老银行。民营银行和政府银行在经济增加值上没有显著差异。固定效应模型和聚类估计表明盈利能力参数正影响EVA。市场性参数MB正向影响EVA,而市盈率不显著。相关分析表明,巴基斯坦银行业投资者在投资决策中并未特别关注EVA。
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引用次数: 1
LUCRATIVENESS OF ISLAMIC VS CONVENTIONAL MUTUAL FUNDS IN PAKISTAN 巴基斯坦伊斯兰基金与传统共同基金的利润
Pub Date : 2018-01-10 DOI: 10.22555/PBR.V19I4.1869
B. Nafees, M. Qamar, N. Ahmed
The purpose of this study is to conduct a comparative risk adjusted performance, selectivity skills and market timing abilities analysis of Islamic and Conventional mutual funds in Pakistan. The study utilizes various risk-adjusted performance measures to evaluate risk and return characteristics. The study also used technique proposed by (Treynor and Mazuy 1966) and (Henriksson and Merton 1981) to appraise selectivity skills and timing abilities on the data set ranging 2009-2013 of Islamic and Conventional mutual funds. In this study, four categories Aggressive Fixed Income, Asset Allocation, Equity and Balanced open end mutual funds are analysed. On the basis of evidences found, only few mutual fund managers from Islamic and Conventional mutual funds hold better stock picking skills. The mutual fund managers of both Islamic and conventional mutual funds are found to be a poor market timer in Pakistan. Islamic mutual funds have earned better returns than conventional mutual funds. Therefore, risk adjusted performance of Islamic mutual funds is better than conventional mutual funds.
本研究的目的是对巴基斯坦的伊斯兰和传统共同基金进行比较风险调整后的业绩、选择技能和市场时机能力分析。本研究利用各种风险调整绩效指标来评估风险和回报特征。该研究还使用了(Treynor and Mazuy 1966)和(Henriksson and Merton 1981)提出的技术来评估2009-2013年伊斯兰和传统共同基金的数据集的选择技能和时机能力。在本研究中,分析了四个类别的激进固定收益,资产配置,股权和平衡开放式共同基金。根据所发现的证据,只有少数来自伊斯兰和传统共同基金的共同基金经理拥有更好的选股技能。在巴基斯坦,人们发现伊斯兰和传统共同基金的共同基金经理都不善于把握市场时机。伊斯兰共同基金比传统共同基金获得了更好的回报。因此,伊斯兰共同基金的风险调整绩效优于传统共同基金。
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引用次数: 3
ASSESSING THE ROLE OF MACROECONOMIC VARIABLES ON STOCK PRICE VOLATILITY: A CASE OF PAKISTAN STOCK EXCHANGE 评估宏观经济变量对股价波动的作用:以巴基斯坦证券交易所为例
Pub Date : 2018-01-10 DOI: 10.22555/PBR.V19I4.1873
Muhammad Asim Khan
The purpose of executing this research study was to assess the role of macroeconomic variables on stock price volatility. Specifically 10 companies were chosen that are listed on the Pakistan Stock Exchange. The following are the objectives which were devised for this study, to understand the basic concepts and features of stock exchange with respect to investments and economic development; to identify important and appropriate macroeconomic factors having influence on stock prices and to evaluate the impact of macroeconomic variables on stock price volatility in the context of companies listed on the Pakistan Stock Exchange. We adopted secondary method for data collection and the results extracted through correlation and regression analysis displayed that macroeconomic variables including interest rate, inflation rate and the corporate tax rate affect share prices of companies operating in Pakistan.
执行本研究的目的是评估宏观经济变量对股票价格波动的作用。具体来说,在巴基斯坦证券交易所上市的10家公司被选中。以下是为本研究设计的目标,了解证券交易所在投资和经济发展方面的基本概念和特征;查明影响股票价格的重要和适当的宏观经济因素,并在巴基斯坦证券交易所上市公司的情况下评估宏观经济变量对股票价格波动的影响。我们采用二级方法收集数据,通过相关和回归分析提取的结果表明,利率、通货膨胀率和企业税率等宏观经济变量影响在巴基斯坦经营的公司的股价。
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引用次数: 5
EXPLORING THE MEDIATING ROLE OF AFFECTIVE COMMITMENT ON ORGANIZATIONAL JUSTICE AND TURNOVER INTENTION 探讨情感承诺对组织公平感和离职倾向的中介作用
Pub Date : 2018-01-10 DOI: 10.22555/PBR.V19I4.1878
Sumaira Khalid, C. A. Rehman, Farwa Muqadas
This study encompasses the association of the three domains of organizational justice and its influence on employee turnover intention. In this cross-sectional study, proportionate stratified random sampling technique was applied. Results showed that distributive justice and interactional justice have an inverse relationship with turnover intention and affective commitment partially mediated the pathway between the dimensions of justice and employee turnover behavior. Conversely, procedural justice has an insignificant linkage with the turnover intention. This study contributes by developing an understanding of linkage between turnover intention and organizational justice and provides insight about mediation of affective commitment.
本研究包括组织公正三个领域的关联及其对员工离职倾向的影响。在横断面研究中,采用比例分层随机抽样技术。结果表明,分配公平、互动公平与离职倾向呈负相关,情感承诺在公平维度与员工离职行为的关系中起部分中介作用。反之,程序公正与离职倾向的关联不显著。本研究有助于理解离职倾向与组织公平感之间的联系,并为情感承诺的中介作用提供洞见。
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引用次数: 9
LEARNING ORIENTATION AND PERFORMANCE: THE INTERACTION EFFECT OF ENTREPRENEURIAL ORIENTATION 学习导向与绩效:创业导向的互动效应
Pub Date : 2018-01-10 DOI: 10.22555/PBR.V19I4.1875
J. Hussain, F. Shah, W. Rehman, Yahya Khan
The current study examines the impact of learning orientation (LO) on organizational performance and also the moderating role of entrepreneurial orientation (EO) on the relationship between LO and organizational performance among the small and medium enterprises (SMEs) in Pakistan. This questionnaire survey was conducted among 213 managers/ owners of manufacturing SMEs. Previous studies on LO in combination with EO have been conducted in large organizations in developed economies. Studying the relationship between LO and performance and moderated by EO in manufacturing SMEs in a developing economy like Pakistan, this research attempts to fill this gap. The findings reveal that there exist a positive relationship between LO and organizational performance. The findings also demonstrate that the effects of LO on organizational performance are positively moderated by EO. The paper also includes research implications and possible future directions.
本研究考察了巴基斯坦中小企业学习导向对组织绩效的影响,以及创业导向对学习导向与组织绩效关系的调节作用。是次问卷调查共访问了213位制造业中小企业的经理/业主。以往的研究都是在发达经济体的大型组织中进行的。本研究通过研究巴基斯坦等发展中经济体中制造业中小企业的LO与绩效之间的关系,并通过EO进行调节,试图填补这一空白。研究结果表明,组织绩效与工作效率之间存在正相关关系。研究结果还表明,工作绩效对组织绩效的影响具有正向调节作用。本文还包括研究意义和可能的未来发展方向。
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引用次数: 13
EXPLORING STRATEGIES TO FOSTER LEARNING IN BUSINESS SCHOOLS: EVIDENCE FROM PAKISTAN 探索促进商学院学习的策略:来自巴基斯坦的证据
Pub Date : 2018-01-10 DOI: 10.22555/pbr.v19i4.1870
Shumaila Omar
Substantial research on motivation has been done previously but the types of strategies that can be developed in order to find the root cause of learner’s motivation can help further strengthen the role of teachers in the field of successful language teaching. This study will help improve the English Language teaching with the positive attitude of the teacher, at the same time making the course objectives clear to the students that will help achieve better results not only from the examination point of view, but also outside the domain of classroom learning. The study will also investigate students’ motivation for learning at the beginning and at the end of the English Course and calculate whether there is any change in students’ motivation for learning English after they take the English course at the university. Dornyei’s (1994) framework of L2 motivation is used as a backbone for this study.
在此之前,人们已经对动机进行了大量的研究,但为了找到学习者动机的根本原因而开发的策略类型可以帮助进一步加强教师在成功的语言教学领域的作用。这项研究将有助于提高英语语言教学与教师的积极态度,同时使课程目标明确的学生,这将有助于取得更好的结果,不仅从考试的角度来看,而且在课堂学习的领域之外。本研究还将调查学生在英语课程开始和结束时的学习动机,并计算学生在大学学习英语课程后学习英语的动机是否有变化。Dornyei(1994)的第二语言动机框架是本研究的主干。
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引用次数: 0
期刊
Pakistan Business Review
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