Pub Date : 2021-12-31DOI: 10.31384/jisrmsse/2021.19.2.6
Alam Khan, M. Tahir, I. Haq, Nanthakumar Loganathan
Foreign investment and finance are considered key to economic growth for many economies. In terrorism, these economies directly lose international capital. As a result, it causes an adverse impact on economic development in the countries. Human capital and natural capital factors will be fruitful when the environment is conducive and peaceful. Similarly, energy consumption and FDI would stimulate economic growth, subject to the absence of law-and order issues. This manuscript investigated the impact of terrorism, energy consumption and FDI on economic growth in South Asia over the period from 2002 to 2020. The model’s results display that terrorism and FDI have a negative impact on economic growth in South Asia. The result of energy consumption exhibits a positive and significant influence on economic growth in South Asia. Further, the results indicate that domestic investment and education in South Asia positively impact economic growth. Consequently, it is suggested that the South Asia countries should take appropriate actions to eradicate the problem of terrorism, ensure the availability of energy, and improve the labour force’s skills to achieve desirable economic growth.
{"title":"Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies","authors":"Alam Khan, M. Tahir, I. Haq, Nanthakumar Loganathan","doi":"10.31384/jisrmsse/2021.19.2.6","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.2.6","url":null,"abstract":"Foreign investment and finance are considered key to economic growth for many economies. In terrorism, these economies directly lose international capital. As a result, it causes an adverse impact on economic development in the countries. Human capital and natural capital factors will be fruitful when the environment is conducive and peaceful. Similarly, energy consumption and FDI would stimulate economic growth, subject to the absence of law-and order issues. This manuscript investigated the impact of terrorism, energy consumption and FDI on economic growth in South Asia over the period from 2002 to 2020. The model’s results display that terrorism and FDI have a negative impact on economic growth in South Asia. The result of energy consumption exhibits a positive and significant influence on economic growth in South Asia. Further, the results indicate that domestic investment and education in South Asia positively impact economic growth. Consequently, it is suggested that the South Asia countries should take appropriate actions to eradicate the problem of terrorism, ensure the availability of energy, and improve the labour force’s skills to achieve desirable economic growth.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122578668","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 paper explores the effect of human capital and technology on economic growth in Asian countries while considering economic development. The paper expands the Solow Growth model by further incorporating the import of machinery and equipment reflecting total factor productivity. Panel data for 30 Asian countries has been used over 1995-2015. Due to the endogeneity problem in human capital and other variables, the System Generalized Method of Moment (GMM) is used to address this problem. Empirical results reveal that human capital and technology have increased economic growth in the total sample of Asian countries. Furthermore, the sample has been disaggregated into high-income (HI) and low-income (LI) Asian countries. Our findings determine that human capital and technology are reflecting a positive and statistically significant role in enhancing economic growth in both samples of countries. However, the magnitude of the impact is high in HI Asian countries relative to LI Asian countries, respectively. When the import of machinery and equipment are replaced with patents, a positive and insignificant results are obtained for LI countries because these countries have lacked legal systems, but a positive and statistically significant relationship is observed for HI Asian countries.
{"title":"Nexus Between Human Capital, Technology and Economic Growth: The Role of Stages of Economic Development in Asian Countries","authors":"Samina Sabir, Sagher Suleria, Amena Sibghatullah, Musarrat Shamshir","doi":"10.31384/jisrmsse/2021.19.2.10","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.2.10","url":null,"abstract":"This paper explores the effect of human capital and technology on economic growth in Asian countries while considering economic development. The paper expands the Solow Growth model by further incorporating the import of machinery and equipment reflecting total factor productivity. Panel data for 30 Asian countries has been used over 1995-2015. Due to the endogeneity problem in human capital and other variables, the System Generalized Method of Moment (GMM) is used to address this problem. Empirical results reveal that human capital and technology have increased economic growth in the total sample of Asian countries. Furthermore, the sample has been disaggregated into high-income (HI) and low-income (LI) Asian countries. Our findings determine that human capital and technology are reflecting a positive and statistically significant role in enhancing economic growth in both samples of countries. However, the magnitude of the impact is high in HI Asian countries relative to LI Asian countries, respectively. When the import of machinery and equipment are replaced with patents, a positive and insignificant results are obtained for LI countries because these countries have lacked legal systems, but a positive and statistically significant relationship is observed for HI Asian countries.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"101 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131578559","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 : 2021-12-31DOI: 10.31384/jisrmsse/2021.19.2.1
Arsalan Zahid Piprani, A. Aziz, Zeshan Ahmad
This study prioritises the lean, agile, resilient and green (LARG) supply chain practices in Pakistan’s FMCG sector. This study utilises the AHP methodology to rank the different LARG practices in Pakistan’s FMCG sector. The primary purpose of this analytical study is to recognise and prioritise the usage of these practices to develop the LARG paradigm in the FMCG sector. In this study, various methods have been identified with the help of extensive literature review and discussion with subject matter experts. The results demonstrate that an organisational structure (infrastructure) that can deal with disruption is one of the most critical practices among all LARG practices. The result also indicates that firms should establish resilience in their supply chain network, and is described as the most vital supply chain phenomenon among the LARG category. The study findings provide the direction to the supply chain professional as to which practices are critical for establishing the LARG system in the organisation. Prioritising LARG practices is scant in literature; hence, this study contributes. Also, other recent multi-criteria assessment tools may be used for significant contributions in the future.
{"title":"Prioritising Lean, Agile, Resilient and Green Supply Chain Practices: An Application of Analytical Hierarchy Process (AHP) in FMCG sector of Pakistan","authors":"Arsalan Zahid Piprani, A. Aziz, Zeshan Ahmad","doi":"10.31384/jisrmsse/2021.19.2.1","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.2.1","url":null,"abstract":"This study prioritises the lean, agile, resilient and green (LARG) supply chain practices in Pakistan’s FMCG sector. This study utilises the AHP methodology to rank the different LARG practices in Pakistan’s FMCG sector. The primary purpose of this analytical study is to recognise and prioritise the usage of these practices to develop the LARG paradigm in the FMCG sector. In this study, various methods have been identified with the help of extensive literature review and discussion with subject matter experts. The results demonstrate that an organisational structure (infrastructure) that can deal with disruption is one of the most critical practices among all LARG practices. The result also indicates that firms should establish resilience in their supply chain network, and is described as the most vital supply chain phenomenon among the LARG category. The study findings provide the direction to the supply chain professional as to which practices are critical for establishing the LARG system in the organisation. Prioritising LARG practices is scant in literature; hence, this study contributes. Also, other recent multi-criteria assessment tools may be used for significant contributions in the future.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130789129","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 : 2021-06-30DOI: 10.31384/jisrmsse/2021.19.1.6
With recent advancements in information technology, organizations’ capability to acquire and analyze data for efficient decision making has increased. Good strategies promote alignment among processes and technology in use, which may result in better firm performance. However, there has been little focus on how firm strategies and business intelligence (BI) systems might play their part in forming organizational information and getting a competitive edge. Therefore, the purpose of conducting this study is to investigate the impact of firm strategy on firm competitive advantage with mediating role of BI adoption and moderating role of BI capabilities. For this, a quantitative research methodology was used, and data was collected from 300 middle-level managers in Pakistan's telecom sector. Statistical tests such as descriptive statistics, correlation, reliability analysis, one-way ANOVA, confirmatory factor analysis, and mediation analysis through Hayes process were performed using SPSS and AMOS. The findings revealed a positive link between firm strategy and competitive advantage, with business intelligence adoption serving as a mediating factor. Business intelligence capabilities positively moderate the relationship between BI adoption and competitive advantage. Hence, all proposed hypotheses (H1, H2, and H3) were approved. The contribution and Limitation of the study are also discussed.
{"title":"Role of Business Intelligence in Banking Sector for Achieving Competitive Advantage- An Empirical Analysis","authors":"","doi":"10.31384/jisrmsse/2021.19.1.6","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.1.6","url":null,"abstract":"With recent advancements in information technology, organizations’ capability to acquire and analyze data for efficient decision making has increased. Good strategies promote alignment among processes and technology in use, which may result in better firm performance. However, there has been little focus on how firm strategies and business intelligence (BI) systems might play their part in forming organizational information and getting a competitive edge. Therefore, the purpose of conducting this study is to investigate the impact of firm strategy on firm competitive advantage with mediating role of BI adoption and moderating role of BI capabilities. For this, a quantitative research methodology was used, and data was collected from 300 middle-level managers in Pakistan's telecom sector. Statistical tests such as descriptive statistics, correlation, reliability analysis, one-way ANOVA, confirmatory factor analysis, and mediation analysis through Hayes process were performed using SPSS and AMOS. The findings revealed a positive link between firm strategy and competitive advantage, with business intelligence adoption serving as a mediating factor. Business intelligence capabilities positively moderate the relationship between BI adoption and competitive advantage. Hence, all proposed hypotheses (H1, H2, and H3) were approved. The contribution and Limitation of the study are also discussed.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123887294","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 : 2021-06-30DOI: 10.31384/jisrmsse/2021.19.1.1
The evidence of lagged effect regarding firm size between macroeconomic factors and stock returns is found with GARCH model for the UAE firms. More precisely, exchange rate showed a significant effect on stock returns irrespective of size group and lag level. However, a positive effect is observed at lag four and a negative effect is observed on lag five and two for small and large size firms respectively. For majority of the firms in small size, the risk-free rate showed a negative lagged effect on stock returns; however, for the majority of the firms in large size, it showed a positive lagged effect on stock returns. Inflation also showed a significant effect on stock returns on each lag level except for large firms where at lag five it is insignificant. Moreover, as the lags increase from 1- 4 and size from small to large, the negative effect of inflation converts to positive effect on stock returns. The lag effect of real activity showed both positive and negative effects on relatively larger stock returns of small firms than big firms. Money supply showed positive significant effect on stock returns of all firms irrespective of the size group; however, this relationship is even more prominent at lag five. Finally, the oil prices showed a positive effect on stock returns (large size) which further maximizes at lag two; whereas, a negative maximization takes place at lag three. Hence, investors can make informed and effective decisions and UAE policymakers developed effective measures to control and promote macroeconomic growth and stability.
{"title":"Lagged Effect of Macroeconomic Variables on Stock Returns: A Case of Firm Size","authors":"","doi":"10.31384/jisrmsse/2021.19.1.1","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.1.1","url":null,"abstract":"The evidence of lagged effect regarding firm size between macroeconomic factors and stock returns is found with GARCH model for the UAE firms. More precisely, exchange rate showed a significant effect on stock returns irrespective of size group and lag level. However, a positive effect is observed at lag four and a negative effect is observed on lag five and two for small and large size firms respectively. For majority of the firms in small size, the risk-free rate showed a negative lagged effect on stock returns; however, for the majority of the firms in large size, it showed a positive lagged effect on stock returns. Inflation also showed a significant effect on stock returns on each lag level except for large firms where at lag five it is insignificant. Moreover, as the lags increase from 1- 4 and size from small to large, the negative effect of inflation converts to positive effect on stock returns. The lag effect of real activity showed both positive and negative effects on relatively larger stock returns of small firms than big firms. Money supply showed positive significant effect on stock returns of all firms irrespective of the size group; however, this relationship is even more prominent at lag five. Finally, the oil prices showed a positive effect on stock returns (large size) which further maximizes at lag two; whereas, a negative maximization takes place at lag three. Hence, investors can make informed and effective decisions and UAE policymakers developed effective measures to control and promote macroeconomic growth and stability.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117265306","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 : 2021-06-30DOI: 10.31384/jisrmsse/2021.19.1.3
The Capital Asset Pricing Model (CAPM) measures only a linear relationship between the Risk and the Return. However, market dynamics and anomalies calls for understanding the relationship in between risk and return from non-linear perspective. Thus, current study explores an opportunity to study asset value anomalies by Constructing Decile Portfolio for the period starting from 2001 to 2018 with 900 firms listed. GMM (Generalized method of moment and Wald test are applied to see the robustness of results. For further analysis, Risk Adjusted CAPM, Fama French 3 Factor (FF3) and 5 Factor (FF5) are applied. Empirical results indicate that value effect and debt to equity ratio are essential factors and genuinely explain what CAPM fails to explain. The findings from the study recommend that investing in High value and high leverage firm will generate abnormal returns to investors. Taking long position in high value firm and short position in low value firms and same with debt to equity anomaly. The results will help financial analyst develop investment strategies for well diversified and efficient portfolios. These results can also be helpful to financial firm and security analyst in the financial market where they can take appropriate capital budget decisions while investing.
资本资产定价模型(CAPM)仅衡量风险与收益之间的线性关系。然而，市场动态和异常需要从非线性的角度来理解风险与回报之间的关系。因此，本研究通过构建2001年至2018年期间900家上市公司的十分位投资组合，探索了研究资产价值异常的机会。采用广义矩法和Wald检验检验结果的稳健性。进一步分析采用风险调整CAPM、Fama French 3 Factor (FF3)和5 Factor (FF5)。实证结果表明，价值效应和负债权益比是关键因素，能够真实地解释CAPM无法解释的问题。研究结果表明，投资于高价值、高杠杆的公司会给投资者带来异常回报。在高价值公司做多，在低价值公司做空，与债股比异常相同。结果将有助于金融分析师制定投资策略，良好的多元化和高效的投资组合。这些结果也可以帮助金融市场上的金融公司和证券分析师在投资时做出适当的资本预算决策。
{"title":"Value Investment Strategies and Asset Pricing: A Case of Pakistan Stock Exchange (PSX)","authors":"","doi":"10.31384/jisrmsse/2021.19.1.3","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.1.3","url":null,"abstract":"The Capital Asset Pricing Model (CAPM) measures only a linear relationship between the Risk and the Return. However, market dynamics and anomalies calls for understanding the relationship in between risk and return from non-linear perspective. Thus, current study explores an opportunity to study asset value anomalies by Constructing Decile Portfolio for the period starting from 2001 to 2018 with 900 firms listed. GMM (Generalized method of moment and Wald test are applied to see the robustness of results. For further analysis, Risk Adjusted CAPM, Fama French 3 Factor (FF3) and 5 Factor (FF5) are applied. Empirical results indicate that value effect and debt to equity ratio are essential factors and genuinely explain what CAPM fails to explain. The findings from the study recommend that investing in High value and high leverage firm will generate abnormal returns to investors. Taking long position in high value firm and short position in low value firms and same with debt to equity anomaly. The results will help financial analyst develop investment strategies for well diversified and efficient portfolios. These results can also be helpful to financial firm and security analyst in the financial market where they can take appropriate capital budget decisions while investing.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126175984","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 : 2021-06-30DOI: 10.31384/jisrmsse/2021.19.1.7
The current study was undertaken to ascertain the mediating role of meaningfulness linking servant leadership (SL) to employees’ job crafting behavior (JCB). The study also endeavors to find the association between meaningfulness and JCB. This study collected data from 689 service sector employees through survey design. Data were processed and analyzed through PLS-SMART and SPSS mainly. The findings manifested a relation between meaningfulness and employees' job crafting behavior.Similarly, SL significantly impacted both meaningfulness and employees’ job crafting behavior. The results also unraveled the mediating role of meaningfulness between SL and JCB of the employees. The research has ascertained the previously unexplored mediating role of meaningfulness between SL and JCB. It is also the first study that attempted to explore meaningfulness as a stimulus to job crafting behavior.
{"title":"Leadership Driven Job Crafting: Exploring the Mediating Role of Meaningfulness between Servant Leadership and Job Crafting","authors":"","doi":"10.31384/jisrmsse/2021.19.1.7","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.1.7","url":null,"abstract":"The current study was undertaken to ascertain the mediating role of meaningfulness linking servant leadership (SL) to employees’ job crafting behavior (JCB). The study also endeavors to find the association between meaningfulness and JCB. This study collected data from 689 service sector employees through survey design. Data were processed and analyzed through PLS-SMART and SPSS mainly. The findings manifested a relation between meaningfulness and employees' job crafting behavior.Similarly, SL significantly impacted both meaningfulness and employees’ job crafting behavior. The results also unraveled the mediating role of meaningfulness between SL and JCB of the employees. The research has ascertained the previously unexplored mediating role of meaningfulness between SL and JCB. It is also the first study that attempted to explore meaningfulness as a stimulus to job crafting behavior.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"283 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114177262","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 : 2021-06-30DOI: 10.31384/jisrmsse/2021.19.1.5
Recent studies suggest that domain-specific behavior contributes to domain-specific satisfaction. It is believed that finance-specific literacy brings positive financial behavior and healthy financial behavior further contributes to financial satisfaction. In general, this study has been undertaken to examine the effect of financial literacy on financial behavior and financial satisfaction. Data have been collected from 326 participants by using a self-administered questionnaire. Linear regression has been applied to test the hypotheses, while Preacher and Hayes method has been used to estimate the moderation and mediation effect. There is less knowledge about the mechanism that may clarify the link between financial literacy and level of financial satisfaction. This paper is the first of its kind in Pakistan to investigate the relationship between financial literacy and individual’s financial satisfaction with intervening role of financial behavior and moderating role of self-esteem. Study findings reveal that financial literacy is significantly related to both financial behavior and financial satisfaction. Further it is also observed that financial behavior plays intervening role in the relationship between financial literacy and financial satisfaction. Findings also reveal that self-esteem does not affect the link between financial behavior of individuals and financial literacy. This study provides several significant implications for individuals, organizations, academicians and policy makers, in the sense that increasing financial literacy is essential to form positive and healthy financial behavior which ultimately increases individual’s financial satisfaction with financial situation.
{"title":"Financial Literacy and Financial Satisfaction: A Moderated Mediation Analysis of Self-Esteem and Financial Behavior","authors":"","doi":"10.31384/jisrmsse/2021.19.1.5","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.1.5","url":null,"abstract":"Recent studies suggest that domain-specific behavior contributes to domain-specific satisfaction. It is believed that finance-specific literacy brings positive financial behavior and healthy financial behavior further contributes to financial satisfaction. In general, this study has been undertaken to examine the effect of financial literacy on financial behavior and financial satisfaction. Data have been collected from 326 participants by using a self-administered questionnaire. Linear regression has been applied to test the hypotheses, while Preacher and Hayes method has been used to estimate the moderation and mediation effect. There is less knowledge about the mechanism that may clarify the link between financial literacy and level of financial satisfaction. This paper is the first of its kind in Pakistan to investigate the relationship between financial literacy and individual’s financial satisfaction with intervening role of financial behavior and moderating role of self-esteem. Study findings reveal that financial literacy is significantly related to both financial behavior and financial satisfaction. Further it is also observed that financial behavior plays intervening role in the relationship between financial literacy and financial satisfaction. Findings also reveal that self-esteem does not affect the link between financial behavior of individuals and financial literacy. This study provides several significant implications for individuals, organizations, academicians and policy makers, in the sense that increasing financial literacy is essential to form positive and healthy financial behavior which ultimately increases individual’s financial satisfaction with financial situation.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123215125","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 : 2021-06-30DOI: 10.31384/jisrmsse/2021.19.1.2
The study attempts to explore the choice available for grocery consumers and its impact on decision-making. The study's design includes the consumer's personal involvement towards the purchase, the emotions, and subsequent satisfaction. For a moderated-mediation model, the data set of 401 respondents were finalized to test the measurement and structural models. The research has established that it is not necessary that consumers are always happy when they have more choices available. Further, it was also established that involvement has a role to play in the emotions which lead to purchasing intentions. The involvement perspective in the model makes this study unique because the part of consumer involvement as a moderator to choices and emotions has not been studied before extensively. The manufacturers must determine the array of choices because producing variety does not always generate more revenues in this part of the world. The study opens new avenues for the researchers to dig into the details and identify consumer behaviors when various choices for consumers are available.
{"title":"Too Much Choice and Consumer Decision Making: The Moderating Role of Consumer Involvement","authors":"","doi":"10.31384/jisrmsse/2021.19.1.2","DOIUrl":"https://doi.org/10.31384/jisrmsse/2021.19.1.2","url":null,"abstract":"The study attempts to explore the choice available for grocery consumers and its impact on decision-making. The study's design includes the consumer's personal involvement towards the purchase, the emotions, and subsequent satisfaction. For a moderated-mediation model, the data set of 401 respondents were finalized to test the measurement and structural models. The research has established that it is not necessary that consumers are always happy when they have more choices available. Further, it was also established that involvement has a role to play in the emotions which lead to purchasing intentions. The involvement perspective in the model makes this study unique because the part of consumer involvement as a moderator to choices and emotions has not been studied before extensively. The manufacturers must determine the array of choices because producing variety does not always generate more revenues in this part of the world. The study opens new avenues for the researchers to dig into the details and identify consumer behaviors when various choices for consumers are available.","PeriodicalId":375599,"journal":{"name":"Journal of Independent Studies and Research-Management, Social Sciences and Economics","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132565471","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 : 2021-06-30DOI: 10.31384/jisrmsse/2021.19.1.9
The achievement of macroeconomic stability and sustained economic growth are the main targets of macroeconomic agents and policymakers. High volatility in Real Effective Exchange Rate (REER) is noticed while moving towards flexible Exchange rate regime. Three assessment methodologies are followed in the paper i.e. PPP approach, PPP approach adjusted for Penn effect and reduced form equation approach to gauge REER misalignment. VAR modelling suggest that, PPP holds for Pakistan and Penn effect is witnessed in the country for FY1980-FY12018. The determinants of REER, like “openness to GDP ratio, Govt consumption to GDP ratio, Long term Investment to GDP ratio, relative productivity and terms of trade” are responsible for depreciation in REER. While, worker remittances and FDI leads towards the REER appreciation in. It is indispensable to opt for the devaluation of PKR to gain export competitiveness, which may result in shrinkage of current account deficit. To increase the productivity of tradable items and to reduce the GOVT consumption of imported items are few steps to push REER towards equilibrium level. As per the state of art model the range of misalignment in REER is from -3.9% to 4.2% in Pakistan.
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