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Psychological Safety: A Cross-level Study of a Higher Educational Institute (HEI) 心理安全:高等学校的跨层次研究
Pub Date : 2019-03-01 DOI: 10.20547/JMS.2014.1906103
A. Sher, Shabana Gul, M. Riaz, Muhammad Naeem
This study examines the relationships between antecedents of psychological safety at the individual, group and organizational level. The data was collected from a sample of eighty-four employees (i.e. teachers and non-teachers) working in a higher education institute (HEI) of Khyber Pakhtunkhwa by using a structured questionnaire. The data is analyzed with the help of correlation and regression analyses. The findings indicate that the individual level antecedents had a positive relationship with psychological safety except for adherence to norms, whereas both the group and organizational level antecedents were positively related with psychological safety. The study also discusses implications, limitations and future directions.
本研究探讨了个体、群体和组织层面的心理安全前因之间的关系。数据是从开伯尔-普赫图赫瓦省一所高等教育机构(HEI)的84名员工(即教师和非教师)的样本中收集的,使用结构化问卷。对数据进行了相关分析和回归分析。结果表明,个体层面前因与心理安全除遵守规范外存在显著正相关,而群体和组织层面前因与心理安全均存在显著正相关。本研究亦讨论了影响、局限及未来发展方向。
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引用次数: 1
Earnings Manipulation and the Cost of Capital: Empirical Investigation of Non-Financial Listed Firms of Pakistan 盈余操纵与资本成本:对巴基斯坦非金融类上市公司的实证研究
Pub Date : 2019-03-01 DOI: 10.20547/jms.2014.1906107
M. Ilyas, I. Khan, Saima Urooge
Management either for their informative or opportunistic purposes mask the true financial information of firms which is known as earnings manipulation practices. However, in turn such practices lead to a higher cost of capital. Therefore, in this study examined the effect of earnings manipulation on cost of capital in 144 listed sample firms of Pakistan Stock Exchange for the period of 2006-2016. Used panel data approaches for analysis and the diagnostic tests procedures of panel models selection suggests that fixed effect model is the suitable model. The result reports that firms that indulge in the activities of earnings manipulation their cost of capital are high because the manipulated information reduces the confidence of investors on fundamentals information of firms and ultimately they demand high rate of return. Moreover, control variables such as size, capital structure, firm performance, market risk and capital expenditure significantly affect the cost of capital and the results are consistent with the theoretical and empirical justifications. Hence, the study recommended for the policymakers to develop regulated policies to control the earnings manipulation.
管理层出于提供信息或投机的目的掩盖了公司的真实财务信息,这被称为盈余操纵做法。然而,这种做法反过来又导致了更高的资金成本。因此,本研究考察了2006-2016年期间巴基斯坦证券交易所144家上市样本公司的盈余操纵对资本成本的影响。采用面板数据分析方法和面板模型选择的诊断检验程序表明,固定效应模型是合适的模型。结果表明,沉溺于盈余操纵活动的企业其资金成本较高,因为被操纵的信息降低了投资者对企业基本信息的信心,最终要求高回报率。此外,规模、资本结构、企业绩效、市场风险和资本支出等控制变量显著影响资本成本,结果与理论和实证证明一致。因此,本研究建议决策者制定规范的政策来控制盈余操纵。
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引用次数: 1
The Effect of Traditional Media Communication and Social Media Communication in Generating Consumer Based Brand Equity in Context of Pakistan 传统媒体传播与社交媒体传播在巴基斯坦情境下产生基于消费者的品牌资产的影响
Pub Date : 2019-01-01 DOI: 10.21621/SAJMS.2019132.03
M. Ali, K. Iraqi, Lubna Khan, Faiza Salam
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引用次数: 0
How Does Financial Development Impact Trade Openness? Evidence from Export Performance of Pakistan 金融发展如何影响贸易开放?来自巴基斯坦出口实绩的证据
Pub Date : 2019-01-01 DOI: 10.21621/sajms.2019131.05
M. A. Shamim, Syed Tehseen Jawaid, Farooq-e-Azam Cheema
: Current Study examines the relationship between financial developments with export performance in Pakistan. This objective was attained by employing yearly time series method and statistics have been used from 1972 to 2014. This study develops financial development index by using principal component analysis. In addition to this, the effect of different ways of financial development has been analyzed, for instance market capitalization, domestic credit furnished by the financial sectors, credit to the private sectors, credit to the private sectors by banks and the ratio of money supply to GDP. Johansen and ARDL cointegration portrays a long-term link in all models. Since short-term relationships are concerned, error correction model has been put into service. The results assert that financial development indicators (FND, CFS, CPS, CPB, MKC and MNS) have an immense positive effects on export performance when it comes to short-run relationships. The result of FMOLS confirms that the introductory results are powerful. Stability analysis indicates that all the models are stable. Causality analysis validates that unidirectional causality is present from export to financial development in all the models. In the last section, a few policy recommendations and directions for the upcoming research are given.
当前的研究考察了巴基斯坦金融发展与出口绩效之间的关系。这一目标是通过采用年度时间序列方法实现的,从1972年到2014年使用了统计数据。本研究采用主成分分析法编制金融发展指数。除此之外,还分析了不同金融发展方式的影响,例如市值,金融部门提供的国内信贷,私营部门的信贷,银行向私营部门的信贷以及货币供应量与GDP的比率。Johansen和ARDL协整描述了所有模型之间的长期联系。由于涉及到短期关系,误差修正模型已经投入使用。结果表明,金融发展指标(FND、CFS、CPS、CPB、MKC和MNS)在短期关系中对出口绩效有巨大的正向影响。FMOLS的结果证实了介绍结果的有效性。稳定性分析表明,所有模型都是稳定的。因果关系分析验证了各模型从出口到金融发展均存在单向因果关系。最后,对今后的研究提出了一些政策建议和方向。
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引用次数: 0
A Study on the Drivers of Employee Engagement and its Relationship with Employee Performance 员工敬业度驱动因素及其与员工绩效的关系研究
Pub Date : 2019-01-01 DOI: 10.21621/sajms.2019132.05
S. Waseem, K. Mehmood
The statement claiming that the raised employees’ engagement level will eventually help increase the employees’ well-being and work performance has not previously vastly tested, specifically within faculty members of higher educational institutions (HEIs). The scarcity of noteworthy studies on the antecedents and outcomes of employee engagement is addressed while a complete, holistic and comprehensive model is presented in the paper that presents a rational basis on which further testing of the hypotheses could be identified and tested to verify the theory. Based on the job demands resources model (JDR), it is hypothesized in the current study that work engagement would be influenced by job resources and also engagement in turn have a positive impact on employees in role and extra role performance behaviors. We used a non-experimental design study with a survey sample of N=189 permanent full time teachers participated in the study. Structural equation modeling were applied to test the model empirically, the results showed that only one job resource out of three had a positive significant effect on boosting work engagement. Additionally, the employee engagement at workplace was also found positively and significantly influencing employees’ self rated performance. The current study also discussed the implications of these findings with respect to theory and practice.
声称提高员工的敬业度最终将有助于提高员工的幸福感和工作绩效的声明此前并未得到广泛的测试,特别是在高等教育机构(HEIs)的教职员工中。本文解决了关于员工敬业度的前因和结果的值得注意的研究的缺乏,同时提出了一个完整、整体和全面的模型,为进一步检验假设提供了一个合理的基础,可以识别和测试以验证理论。基于工作需求资源模型(job demand resources model, JDR),本研究假设工作投入会受到工作资源的影响,而工作投入又会对员工的角色和角色外绩效行为产生正向影响。我们采用非实验设计研究,调查样本为N=189名长期全职教师参与研究。运用结构方程模型对模型进行实证检验,结果表明,三种工作资源中只有一种对提高工作投入有显著的正向影响。此外,工作场所员工敬业度对员工自评绩效也有显著的正向影响。本研究还讨论了这些发现在理论和实践方面的意义。
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引用次数: 2
Credit Risk, Capital, and Inefficiency: An Empirical Analysis of SAARC Banking Sector 信用风险、资本与低效率:南盟银行部门的实证分析
Pub Date : 2019-01-01 DOI: 10.21621/SAJMS.2019131.03
Shumaila Zeb, Z. Ali
: The main purpose of this study is to investigate the relationship between credit risk, capital, and inefficiency of South Asian Association for regional Cooperation (SAARC) banks. The study used seemingly unrelated regressions (SUR) approach on panel data for the period 2010-2016. The findings suggest that highly capitalized banks tend to increase inefficiency and credit risk faced by SAARC banking sector. There are no major differences in relationship between credit risk, capital, and inefficiency in SAARC banks. The findings suggest that regulators and policy makers may need to assess the relationship between credit risk, capital, and efficiency while designing banking regulations.
本研究的主要目的是探讨南亚区域合作联盟(SAARC)银行的信用风险、资本与效率之间的关系。该研究对2010-2016年期间的面板数据使用了看似不相关的回归(SUR)方法。研究结果表明,高度资本化的银行往往会增加南盟银行业面临的低效率和信用风险。南盟银行的信用风险、资本和低效率之间的关系没有显著差异。研究结果表明,监管机构和政策制定者在设计银行监管时可能需要评估信贷风险、资本和效率之间的关系。
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引用次数: 0
Why Firms Fail to Sustain? Evidence from Dow Jones Index 企业为何无法持续?来自道琼斯指数的证据
Pub Date : 2019-01-01 DOI: 10.21621/sajms.2019132.02
Malik Muhammad Sheheryar Khan, Muhammad Muzammil Ghayas, Sadaf Kashif
This study, focusing on the longevity of large business organizations as a period of uninterrupted satisfactory financial market performance, has examined companies failing to demonstrate longevity, such as by being removed from the Dow Jones Industrial Average index. The present research has performed groupand case-level longitudinal analyses of financial performance indicators.Afterwards, the qualitative longitudinal analyses were conducted based on primary qualitative data of sampled US organizations listed on the Dow Jones Industrial Average index across 28 years (1986-2013). This study has found that, from a longitudinal perspective, negative inflection points of concerted declines in the frequency with which different longevity factors are mentioned are highly likely to be among the anticipatory indicators for the financial events of removal of the corresponding companies from the Dow Jones index. In other words, this study indicates that organizational longevity is closely related to the dynamics of company-level financial and managerial performance.
这项研究将重点放在大型商业组织的长寿上,将其作为一段不间断的令人满意的金融市场表现时期,研究了未能证明长寿的公司,例如被从道琼斯工业平均指数中剔除的公司。本研究对财务绩效指标进行了分组和个案纵向分析。随后,基于抽样美国道琼斯工业平均指数成份股公司28年(1986-2013)的主要定性数据,进行定性纵向分析。本研究发现,从纵向角度来看,不同长寿因素被提及的频率协同下降的负拐点极有可能是道琼斯指数中相应公司被移除的财务事件的预期指标之一。换句话说,本研究表明,组织寿命与公司级财务和管理绩效的动态密切相关。
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引用次数: 6
Analyzing the Spillover Effects from Parental Markets to Cross-listed IPOs on Mean returns and Price Volatility 母市场对交叉上市的溢出效应对平均收益和价格波动的影响分析
Pub Date : 2019-01-01 DOI: 10.21621/sajms.2019132.04
Abdul Wahid, Muhammad Zubair Mumtaz, E. H. Mantell
The phenomenon of synchronization of financial market dynamics and the transmission of price variability among markets has been analyzed using the mean returns and the volatility spillover between markets. However, an unanswered question is how those market dynamics are transmitted from parental markets to cross-listed IPOs. This paper addresses that question. In this study, we selected 74 cross-listed firms registered on Alternative Investment Markets (AIM). Initially those companies were incorporated on the Australian Stock Exchange, the Toronto Stock Exchange, the Tel Aviv Stock Exchange, the Irish Stock Exchange, and NASDAQ. We used weekly data to analyze the transmission of market dynamics during the period from January 2001 to April, 2018.The findings show that only mean spillover effects from US and Australian markets and volatility spillover effects from US, Canada, Australia and Irish markets transmit to their counterpart cross-listed IPOs on the AIM. In addition, we report that the US market has a strong linkage effect in these markets as well as on their cross-listed firms. These findings suggest that prospective investors can develop and diversify their portfolio in the AIM.
利用平均收益和市场间的波动溢出效应,分析了金融市场动态的同步性和市场间价格波动的传导现象。然而,一个悬而未决的问题是,这些市场动态如何从母国市场传递到交叉上市的ipo。本文解决了这个问题。本研究选取了74家在另类投资市场(AIM)注册的交叉上市公司。最初,这些公司在澳大利亚证券交易所、多伦多证券交易所、特拉维夫证券交易所、爱尔兰证券交易所和纳斯达克上市。我们使用每周数据来分析2001年1月至2018年4月期间市场动态的传递。研究结果表明,美国和澳大利亚市场的溢出效应以及美国、加拿大、澳大利亚和爱尔兰市场的波动性溢出效应仅意味着会传导到AIM的交叉上市ipo。此外,我们报告说,美国市场对这些市场以及它们的交叉上市公司具有很强的联动效应。这些发现表明,潜在投资者可以在AIM中发展和多样化他们的投资组合。
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引用次数: 2
FDI & New Business Startups: Does Financial Development Matter? 外国直接投资与新企业创业:金融发展重要吗?
Pub Date : 2019-01-01 DOI: 10.21621/SAJMS.2019131.01
Imtiaz Arif, Lubna Khan
: The present paper intends to investigate the relationship of foreign direct investment and new business startups in the presence of financial development in EAGLE countries, an annual unbalanced data during the period from 2006 to 2016 is used. We apply system GMM approach to estimate the models. Findings suggest that foreign direct inflows boost new business start-ups in emerging countries. Moreover, the two measures of financial development, domestic credit to private and financial sector have shown a significant and positive relationship with FDI. However, the mix results of business regulations and business density is found, in model 1 and 3, the relationship is positive, whereas, in model 2 and 4, the relationship is negative but insignificant. Essentially, it is also noted that financial development facilitates the positive spillovers of FDI on new business startups. Therefore, we advise policymakers to regularize the financial market in such a manner that attracts more FDI and eventually augment the new business opportunities.
本文采用2006 - 2016年的年度非均衡数据,研究EAGLE国家金融发展背景下外商直接投资与创业的关系。我们采用系统GMM方法对模型进行估计。研究结果表明,外国直接流入促进了新兴国家的新企业创业。此外,金融发展的两项措施,国内私人信贷和金融部门已显示出与外国直接投资的重要和积极的关系。然而,经营法规与经营密度的混合结果发现,在模型1和模型3中,两者的关系为正,而在模型2和模型4中,两者的关系为负但不显著。从本质上讲,还注意到金融发展促进了外国直接投资对新企业的积极溢出效应。因此,我们建议政策制定者规范金融市场,以吸引更多的外国直接投资,并最终增加新的商业机会。
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引用次数: 1
The Effects of Supervisor’s Organizational Embodiment and Organizational Identification on the LMX-Creativity Relationship 主管组织体现与组织认同对lmx -创造力关系的影响
Pub Date : 2019-01-01 DOI: 10.21621/sajms.2019132.01
S. Hussain, K. Shahzad
At the intersection between psychology and human resources management, this study is conducted to attain two objectives. First, it aims at investigating the indirect relationship of leader-member exchange (LMX) relationships and creativity via organizational identification. Second, differences in LMX-creativity relationship via organizational identification are explored from a trajectory that highlights the moderating role of supervisor’s organizational embodiment. This study adopts a time-lagged data collection design. Participants, enrolled in the sample, are 411 subordinates, who are attached with 142 supervisors from Pakistan. Mediating role of organizational identification (OI) between LMX and creativity was confirmed by results. Results also confirmed the moderating effect of the supervisor’s organizational embodiment (SOE) on the indirect relationship between LMX and creativity via organizational identification.
在心理学和人力资源管理的交叉点上,本研究旨在达到两个目标。首先,通过组织认同研究领导-成员交换(LMX)关系与创造力的间接关系。其次,从强调主管组织体现的调节作用的轨迹出发,探讨了组织认同对lmx -创造力关系的影响。本研究采用时滞数据收集设计。样本中的参与者是411名下属,他们隶属于142名来自巴基斯坦的主管。研究结果证实了组织认同在LMX和创造力之间的中介作用。结果还证实了主管的组织体现(SOE)通过组织认同对LMX与创造力的间接关系有调节作用。
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引用次数: 8
期刊
South Asian Journal of Management Sciences
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