Pub Date : 2024-03-14DOI: 10.56536/ijmres.v14i1.585
Mark Isaac, Oluoch Okwiri, Stephen Makau Muathe
The banking industry in Kenya has been dynamic, with only eight (8) out of the forty (40) banks controlling over 74% of the market share. The tier three banks, despite being the majority (22), only have 8.8% market share. The banks have also been characterized by turbulent operating market, declining revenues and profits, and shrinking capitalization. This has seen some of these banks being held at receivership and others put under statutory management. This prompted the study to assess whether strategic leadership has been a concern in these banks, and whether this has a hand in competitiveness of third tier banks in Kenya. The study was anchored on Porter’s theory of competitive advantage and the contingency theory of leadership. A cross-sectional research approach informed collection of data though a questionnaire from 112 participants drawn from 22 third-tier banks in Kenya. SPSS was used in analysis. The findings revealed that strategic leadership practices through financial resource mobilization, human resource development, strategic innovation, strategic direction and customer focus had a significant influence on competitiveness of tier three commercial banks in Kenya. The study concluded that strategic leadership practices through financial resource mobilization, human resource development, strategic innovation, strategic direction and customer focus were instrumental in enhancing the competitiveness of tier three commercial banks. The findings from the study could be significant to strategic management practitioners, managers of tier three commercial banks, the government and policy-makers and future researchers.
{"title":"Competitiveness of Tier three Commercial Banks in Kenya: The Role of Strategic Leadership Practices","authors":"Mark Isaac, Oluoch Okwiri, Stephen Makau Muathe","doi":"10.56536/ijmres.v14i1.585","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.585","url":null,"abstract":"The banking industry in Kenya has been dynamic, with only eight (8) out of the forty (40) banks controlling over 74% of the market share. The tier three banks, despite being the majority (22), only have 8.8% market share. The banks have also been characterized by turbulent operating market, declining revenues and profits, and shrinking capitalization. This has seen some of these banks being held at receivership and others put under statutory management. This prompted the study to assess whether strategic leadership has been a concern in these banks, and whether this has a hand in competitiveness of third tier banks in Kenya. The study was anchored on Porter’s theory of competitive advantage and the contingency theory of leadership. A cross-sectional research approach informed collection of data though a questionnaire from 112 participants drawn from 22 third-tier banks in Kenya. SPSS was used in analysis. The findings revealed that strategic leadership practices through financial resource mobilization, human resource development, strategic innovation, strategic direction and customer focus had a significant influence on competitiveness of tier three commercial banks in Kenya. The study concluded that strategic leadership practices through financial resource mobilization, human resource development, strategic innovation, strategic direction and customer focus were instrumental in enhancing the competitiveness of tier three commercial banks. The findings from the study could be significant to strategic management practitioners, managers of tier three commercial banks, the government and policy-makers and future researchers.","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"9 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140244259","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.528
Muhammad Sajid, Awais Ahmed, Rabia Abrar
The main purpose of this study is to examine the impact of the Project Manager’s emotional Intelligence on HVAC project success in Pakistan settings along with the mediating effect of job satisfaction and organizational commitment to bring clarity to the assessment of the relationship between the Project Manager’s emotional intelligence and project success in Pakistan settings. A quantitative research strategy is applied to collect realistic data from 210 Project Managers (from all the entities involved in the execution phase of the project the important ones being Sub-Contractors, Equipment Distributors as well as Product Manufacturers) of the HVAC industry of Pakistan. The collected data was analyzed and examined by using Structured Equation Modeling through the Partial Least Square method. To analysis the collected data SPSS and Smart PLS software were used. The findings of this study showed that the Project Manager’s emotional intelligence is positively related to project success and suggest the most evident result that there is a healthy and positive effect of Job Satisfaction and organizational commitment towards the success of a project. These suggestions amplify the need of the upper management to understand the significance of the mediating roles and its willingness to take care of necessary steps for letting and giving room to the Intelligence of the Project Manager having a positive outcome on the project success. Originality: This is first study in project management in Pakistan settings and delivers an advanced knowledge of emotional intelligence along with its importance to Project Success
{"title":"Examining the Mediating Effect of Organizational Commitment and Job Satisfaction between Project Manager Emotional Intelligence and Project Success","authors":"Muhammad Sajid, Awais Ahmed, Rabia Abrar","doi":"10.56536/ijmres.v14i1.528","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.528","url":null,"abstract":"The main purpose of this study is to examine the impact of the Project Manager’s emotional Intelligence on HVAC project success in Pakistan settings along with the mediating effect of job satisfaction and organizational commitment to bring clarity to the assessment of the relationship between the Project Manager’s emotional intelligence and project success in Pakistan settings. A quantitative research strategy is applied to collect realistic data from 210 Project Managers (from all the entities involved in the execution phase of the project the important ones being Sub-Contractors, Equipment Distributors as well as Product Manufacturers) of the HVAC industry of Pakistan. The collected data was analyzed and examined by using Structured Equation Modeling through the Partial Least Square method. To analysis the collected data SPSS and Smart PLS software were used. The findings of this study showed that the Project Manager’s emotional intelligence is positively related to project success and suggest the most evident result that there is a healthy and positive effect of Job Satisfaction and organizational commitment towards the success of a project. These suggestions amplify the need of the upper management to understand the significance of the mediating roles and its willingness to take care of necessary steps for letting and giving room to the Intelligence of the Project Manager having a positive outcome on the project success. Originality: This is first study in project management in Pakistan settings and delivers an advanced knowledge of emotional intelligence along with its importance to Project Success","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"97 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140242322","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}
Interpersonal disagreement among employees at the workplace is an important predictor of perceived stress in general and for virtual and digitally connected workplace in particular. Such perceived stress may potentially lead the employees towards social undermining. This study was a quantitative study and data was collected from different organizations which were primarily based on information and communication technology (ICT) based systems for testing a serial mediation model containing task conflict and relationship conflict as serial mediators. Statistical analysis had shown a significant indirect effect on outcome variable of social undermining by the serial mediators. Discussion has been made with reference to contextual factors such as those in the context of mindfulness theory and other factors that might have impacted this relationship of variables. Such a relationship of variables has not been tested on employees working in virtual and digital setup where psychological contract also plays a part towards conflict generation and its handling leading associated with job stress. Finally, this paper recommends useful future research direction for the contemporary researchers.
{"title":"Perceived Stress as a Stimulant of Social Undermining in the Virtual Workplace: A Serial Mediation Model","authors":"Muhammad Umar Shahzad","doi":"10.56536/g1qkqv28","DOIUrl":"https://doi.org/10.56536/g1qkqv28","url":null,"abstract":"Interpersonal disagreement among employees at the workplace is an important predictor of perceived stress in general and for virtual and digitally connected workplace in particular. Such perceived stress may potentially lead the employees towards social undermining. This study was a quantitative study and data was collected from different organizations which were primarily based on information and communication technology (ICT) based systems for testing a serial mediation model containing task conflict and relationship conflict as serial mediators. Statistical analysis had shown a significant indirect effect on outcome variable of social undermining by the serial mediators. Discussion has been made with reference to contextual factors such as those in the context of mindfulness theory and other factors that might have impacted this relationship of variables. Such a relationship of variables has not been tested on employees working in virtual and digital setup where psychological contract also plays a part towards conflict generation and its handling leading associated with job stress. Finally, this paper recommends useful future research direction for the contemporary researchers. \u0000 ","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"32 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140242784","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.479
Zunaira Zahoor, Khurram Shahzad, A. Mustafa
The primary aim of this study was to explore the repercussions of the COVID-19 pandemic on developing nations, with a specific focus on Pakistan, Bangladesh, and India. To accurately portray the pandemic's impact on these economies, our research employed a model incorporating fixed effects. The findings revealed a notable decline in the per capita income of the countries affected by the COVID-19 pandemic. The existing economic downturn can be attributed to various factors, with a significant contributor being the reduced availability of labor. The prevalence of illnesses and adherence to public health guidelines led to a noticeable shortage of labor for active participation in economic activities. As a consequence, there was a decline in both productivity and economic output. Moreover, our analysis yielded a thought-provoking finding: a notable increase in fatalities had a discernible effect on the populace. The population experienced a significant decline as a result of the fatalities caused by the pandemic, an event that had complex economic ramifications. This decline in population paradoxically resulted in a rise in GDP per capita. By employing a fixed effects model, our research gains greater resilience, rendering it a valuable asset for policymakers, economists, and scholars endeavoring to navigate the intricate landscape of the effects of pandemics on emerging economies. In summary, the findings of this research stand to make a significant contribution to the wider comprehension of the repercussions of COVID-19 on these particular countries.
{"title":"Economic Impact of Covid 19 on Bangladesh, India, and Pakistan","authors":"Zunaira Zahoor, Khurram Shahzad, A. Mustafa","doi":"10.56536/ijmres.v14i1.479","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.479","url":null,"abstract":"The primary aim of this study was to explore the repercussions of the COVID-19 pandemic on developing nations, with a specific focus on Pakistan, Bangladesh, and India. To accurately portray the pandemic's impact on these economies, our research employed a model incorporating fixed effects. The findings revealed a notable decline in the per capita income of the countries affected by the COVID-19 pandemic. The existing economic downturn can be attributed to various factors, with a significant contributor being the reduced availability of labor. The prevalence of illnesses and adherence to public health guidelines led to a noticeable shortage of labor for active participation in economic activities. As a consequence, there was a decline in both productivity and economic output. Moreover, our analysis yielded a thought-provoking finding: a notable increase in fatalities had a discernible effect on the populace. The population experienced a significant decline as a result of the fatalities caused by the pandemic, an event that had complex economic ramifications. This decline in population paradoxically resulted in a rise in GDP per capita. By employing a fixed effects model, our research gains greater resilience, rendering it a valuable asset for policymakers, economists, and scholars endeavoring to navigate the intricate landscape of the effects of pandemics on emerging economies. In summary, the findings of this research stand to make a significant contribution to the wider comprehension of the repercussions of COVID-19 on these particular countries.","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"40 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140244988","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.545
Syed Yasir, Abbas Zaidi, Muhammad Waqas, Faisal Mahmood
Family businesses, owing to their unique blend of family dynamics and business operations, often face distinctive hurdles that can significantly impact their sustainability and growth. This qualitative study delves into the multifaceted challenges that confront family business leaders, as seen through the eyes of family business owners, which is a missing aspect in the extant literature database. Through in-depth interviews and thematic analysis, this study aims to shed light on the key challenges family business leaders encounter. The findings of the study reveal that the family business leaders have challenges related to the succession planning, financial management, conflict resolution, communication breakdown, governance, HRM, and the evolving business environment in the day-to-day business operation. These findings further echoed the need for a personalized approach and support systems to face the challenges and to be successful in the long run. These results not only contribute to the existing literature related to the management of family business, but also provide a very practical use to the practitioners in increasing the strength of both the family and business while operating within the context with such complexity.
{"title":"Exploring Challenges Forefront to Family Business Leaders: A Perspective of Family Business Owners","authors":"Syed Yasir, Abbas Zaidi, Muhammad Waqas, Faisal Mahmood","doi":"10.56536/ijmres.v14i1.545","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.545","url":null,"abstract":"\u0000\u0000\u0000\u0000Family businesses, owing to their unique blend of family dynamics and business operations, often face distinctive hurdles that can significantly impact their sustainability and growth. This qualitative study delves into the multifaceted challenges that confront family business leaders, as seen through the eyes of family business owners, which is a missing aspect in the extant literature database. Through in-depth interviews and thematic analysis, this study aims to shed light on the key challenges family business leaders encounter. The findings of the study reveal that the family business leaders have challenges related to the succession planning, financial management, conflict resolution, communication breakdown, governance, HRM, and the evolving business environment in the day-to-day business operation. These findings further echoed the need for a personalized approach and support systems to face the challenges and to be successful in the long run. These results not only contribute to the existing literature related to the management of family business, but also provide a very practical use to the practitioners in increasing the strength of both the family and business while operating within the context with such complexity.\u0000\u0000\u0000\u0000","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"6 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140243475","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.534
Muhammad Saeed Iqbal, Sofi Mohd Fikri
Islamic Easy House Financing (IEHF) increased from RS. 6.8 billion to RS 23.3 billion over 10 years. Identifying the factors that affect the satisfaction of both Muslim and non-Muslim clients with Islamic Easy House Financing (IEHF) is significant. This research then considers the major variables that impact Pakistan's choice of Islamic Easy House Finance (IEHF). Questionnaires were distributed to 160 employees of Meezan Islamic Bank. The current study employed a testing strategy called random sampling. The questionnaire was divided into two segments. One segment included data about the segments, while the other segment focused on the factors that influence how Muslims finance their Islamic Easy House (IEHF). The results demonstrate that several significant variables impact the choice of Islamic Easy House Financing (IEHF), including circumstances, management quality, integrity, prominence in the media, and social impact. The most reliable indication is reputation, as most customers feel comfortable choosing Islamic Easy House Finance (IEHF) because Islamic Meezan Bank has a strong reputation and vision. The study needs to be completely structured. The focus also refers to representatives of a single financial institution. Future research may involve personnel from various Islamic financial institutions. Policymakers and directors could use the tests suggested in the current study as a guide for enhancing Islamic Meezan Bank products and services. There will be an article published on Pakistan's Meezan Islamic Bank as part of the study. This research is the first to examine Pakistan's easy-house-choice Shari'ah laws. For experts and scholars concerned about advancements in Pakistan's Meezan Islamic Bank's banking sector, the findings made throughout this research process will be of the utmost importance.
{"title":"In Pakistan, the Choice of Requirements for Islamic Easy House Financing by Meezan Bank","authors":"Muhammad Saeed Iqbal, Sofi Mohd Fikri","doi":"10.56536/ijmres.v14i1.534","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.534","url":null,"abstract":"\u0000\u0000\u0000\u0000Islamic Easy House Financing (IEHF) increased from RS. 6.8 billion to RS 23.3 billion over 10 years. Identifying the factors that affect the satisfaction of both Muslim and non-Muslim clients with Islamic Easy House Financing (IEHF) is significant. This research then considers the major variables that impact Pakistan's choice of Islamic Easy House Finance (IEHF). Questionnaires were distributed to 160 employees of Meezan Islamic Bank. The current study employed a testing strategy called random sampling. The questionnaire was divided into two segments. One segment included data about the segments, while the other segment focused on the factors that influence how Muslims finance their Islamic Easy House (IEHF). The results demonstrate that several significant variables impact the choice of Islamic Easy House Financing (IEHF), including circumstances, management quality, integrity, prominence in the media, and social impact. The most reliable indication is reputation, as most customers feel comfortable choosing Islamic Easy House Finance (IEHF) because Islamic Meezan Bank has a strong reputation and vision. The study needs to be completely structured. The focus also refers to representatives of a single financial institution. Future research may involve personnel from various Islamic financial institutions. Policymakers and directors could use the tests suggested in the current study as a guide for enhancing Islamic Meezan Bank products and services. There will be an article published on Pakistan's Meezan Islamic Bank as part of the study. This research is the first to examine Pakistan's easy-house-choice Shari'ah laws. For experts and scholars concerned about advancements in Pakistan's Meezan Islamic Bank's banking sector, the findings made throughout this research process will be of the utmost importance.\u0000\u0000\u0000\u0000","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"14 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140243455","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.486
Ch Ahtesham, Haq Dhariwal, Muhammad S. Tahir, Saif Ullah
Firm-specific considerations impact decisions about capital structure. A few investigations have been done in Pakistan's oil and gas sector. Most studies have examined the effect on non-financial firms and the textile industry. As this sector is very attractive for investors, The influences on capital structure decisions must be considered. In this study, only firm-specific factors are considered for analysis. The effect of asset structure, financial distress (earning volatility), non-debt tax shield, liquidity, firm size, profitability, and firm growth on capital structure decisions are examined. For this, data ranging from 2007 – 2021 of the firms working in Oil and Gas sector of Pakistan was used. The pool regression approach was applied. As per the results, tangibility and liquidity have an inverse relationship; non-debt tax shields and firm size directly affect profitability, and growth does not impact the capital structure.
{"title":"Unveiling the Changing Capital Structure Dynamics in the Oil and Gas Industry: Evidence from Pakistan","authors":"Ch Ahtesham, Haq Dhariwal, Muhammad S. Tahir, Saif Ullah","doi":"10.56536/ijmres.v14i1.486","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.486","url":null,"abstract":"Firm-specific considerations impact decisions about capital structure. A few investigations have been done in Pakistan's oil and gas sector. Most studies have examined the effect on non-financial firms and the textile industry. As this sector is very attractive for investors, The influences on capital structure decisions must be considered. In this study, only firm-specific factors are considered for analysis. The effect of asset structure, financial distress (earning volatility), non-debt tax shield, liquidity, firm size, profitability, and firm growth on capital structure decisions are examined. For this, data ranging from 2007 – 2021 of the firms working in Oil and Gas sector of Pakistan was used. The pool regression approach was applied. As per the results, tangibility and liquidity have an inverse relationship; non-debt tax shields and firm size directly affect profitability, and growth does not impact the capital structure.","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"41 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140244777","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.596
Waqar Ali, Ather Bukhari, Naveed Hayat
In today's globalized industrial landscape, marked by fierce competition and evolving consumer preferences, the imperative of ensuring product quality, environmental sustainability, and occupational health and safety has intensified for firms operating in both domestic and international markets. Integrated Management Systems (IMS) transcend mere compliance, serving as a strategic framework for firms to fortify their environmental sustainability credentials and mitigate reputational risks effectively. By fostering environmentally friendly production practices, enhancing employee skills, reducing accidents, and enhancing institutional image, IMS drives competitiveness through continual enhancements in product quality, workforce capabilities, resource utilization, and waste reduction. This study investigates the transformative potential of IMS in stimulating export growth and domestic sales within Pakistan's industrial sector. Utilizing panel data analysis of 94 textile firms spanning listed on the Pakistan Stock Exchange from 2009 to 2022, the findings underscore the significant role of IMS in fostering export growth and improving environmental performance, highlighting its crucial contribution to achieving business success and broader societal and environmental objectives.
{"title":"Towards a Sustainable Future: Exploring the Role of Integrated Management Systems in Enhancing Export Competitiveness and Domestic Sales in Textile Industry","authors":"Waqar Ali, Ather Bukhari, Naveed Hayat","doi":"10.56536/ijmres.v14i1.596","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.596","url":null,"abstract":"In today's globalized industrial landscape, marked by fierce competition and evolving consumer preferences, the imperative of ensuring product quality, environmental sustainability, and occupational health and safety has intensified for firms operating in both domestic and international markets. Integrated Management Systems (IMS) transcend mere compliance, serving as a strategic framework for firms to fortify their environmental sustainability credentials and mitigate reputational risks effectively. By fostering environmentally friendly production practices, enhancing employee skills, reducing accidents, and enhancing institutional image, IMS drives competitiveness through continual enhancements in product quality, workforce capabilities, resource utilization, and waste reduction. This study investigates the transformative potential of IMS in stimulating export growth and domestic sales within Pakistan's industrial sector. Utilizing panel data analysis of 94 textile firms spanning listed on the Pakistan Stock Exchange from 2009 to 2022, the findings underscore the significant role of IMS in fostering export growth and improving environmental performance, highlighting its crucial contribution to achieving business success and broader societal and environmental objectives.","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"26 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140243971","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.539
Rehana Yamin, Noman Arshed, Ejaz Ahmad
Fiat money based financial system has disturbed the balance between household demand and firm supply. Further, government monetary intervention to curb inflationary demand is hurting production via the cost of capital and disturbing the functionality of the financial system in terms of capital market misallocation. These aspects are trickling down to cause social disturbance in the economy. Corresponding to it, the gold standard or at least assets-based money promotes social inclusion, empowers marginalized communities, and addresses socio-economic challenges by using tangible assets as a monetary system. The study explores assets-based money’s theoretical foundations, distinguishing it from traditional debt-based models and its potential benefits on social inclusion. It analyzes potential benefits, challenges, and limitations in implementing assets-based money systems. Several empirical studies explored debit cases of Islamic and conventional finance sectors, but this study examines the high power money and social inclusion in the economy. For this determination, the quantitative research approach consisted of selected 143 countries panel data of conventional and Islamic financial statements from 1960-2022. The model contains regression estimates, descriptive analysis, and correlation coefficient analysis. The assets-based money boosts living standards and positively impacts poverty reduction. This money reduces the inflationary effects of monetary expansion, hurting the purchasing power of low-income groups. Further, it is expected to have a growth-promoting effect via risk sharing and resource distribution. Assets-based money can support economic growth, financial stability, and inclusive development through a well-designed implementation strategy, but success depends on thorough research and analysis.
{"title":"Asset-Based Money Systems in a Global Context: Implications for Social Inclusion and Economic Development","authors":"Rehana Yamin, Noman Arshed, Ejaz Ahmad","doi":"10.56536/ijmres.v14i1.539","DOIUrl":"https://doi.org/10.56536/ijmres.v14i1.539","url":null,"abstract":"\u0000\u0000\u0000\u0000Fiat money based financial system has disturbed the balance between household demand and firm supply. Further, government monetary intervention to curb inflationary demand is hurting production via the cost of capital and disturbing the functionality of the financial system in terms of capital market misallocation. These aspects are trickling down to cause social disturbance in the economy. Corresponding to it, the gold standard or at least assets-based money promotes social inclusion, empowers marginalized communities, and addresses socio-economic challenges by using tangible assets as a monetary system. The study explores assets-based money’s theoretical foundations, distinguishing it from traditional debt-based models and its potential benefits on social inclusion. It analyzes potential benefits, challenges, and limitations in implementing assets-based money systems. Several empirical studies explored debit cases of Islamic and conventional finance sectors, but this study examines the high power money and social inclusion in the economy. For this determination, the quantitative research approach consisted of selected 143 countries panel data of conventional and Islamic financial statements from 1960-2022. The model contains regression estimates, descriptive analysis, and correlation coefficient analysis. The assets-based money boosts living standards and positively impacts poverty reduction. This money reduces the inflationary effects of monetary expansion, hurting the purchasing power of low-income groups. Further, it is expected to have a growth-promoting effect via risk sharing and resource distribution. Assets-based money can support economic growth, financial stability, and inclusive development through a well-designed implementation strategy, but success depends on thorough research and analysis.\u0000\u0000\u0000\u0000","PeriodicalId":510767,"journal":{"name":"International Journal of Management Research and Emerging Sciences","volume":"4 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140244348","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 : 2024-03-14DOI: 10.56536/ijmres.v14i1.579
Sajida Gul, Mahboob Ullah, Shahid Rasheed
Based on the legitimacy theory, The main aim of this study intends to evaluate the impact of corporate governance (CG) on firm performance (FP) with the mediating role of green investment (GI) by deploying automobile sector listed on PSX from 2011 to 2021. Because automobile sector has a significant impact on Pakistan GDP and also the growing importance of sustainable practices. This study used balanced panel data with diagnostic tests, descriptive, correlation analysis, GLS model and mediation analysis via STATA. Preacher and Hayes (2013) model were used to check the mediating effect. The results found that there has a significant positive impact of managerial Ownership (MO) and audit committees (AC) on firm performance (FP), with board size (BS) showing a negative and statistically insignificant effect. The overall framework implies a significant and positive relationship between CG and FP, while GI did not show the mediating effect. This current study emphasizes that the companies should incorporate green investment strategy into CG frameworks to meet financial success and sustainable environment. This provides a remarkable insight for policymakers to improve governmental rules, stimulate stakeholder input, enforce transparent disclosure standards, and promotion of GI in order to establish a sustainable corporate environment. These actions are recognized as crucial tactics for creating a corporate structure that balances environmental responsibility with economic development.
基于合法性理论，本研究的主要目的是评估公司治理（CG）对公司业绩（FP）的影响，以及绿色投资（GI）的中介作用。因为汽车行业对巴基斯坦的 GDP 有重大影响，而且可持续实践的重要性也与日俱增。本研究使用了平衡面板数据，并通过 STATA 进行了诊断测试、描述性分析、相关性分析、GLS 模型和中介分析。Preacher 和 Hayes（2013 年）模型用于检验中介效应。结果发现，管理所有权（MO）和审计委员会（AC）对公司绩效（FP）有显著的正向影响，而董事会规模（BS）对公司绩效（FP）有负向影响，且在统计上不显著。总体框架意味着公司治理与公司业绩（FP）之间存在显著的正相关关系，而公司治理（GI）并未显示出中介效应。本研究强调，企业应将绿色投资战略纳入企业管治框架，以实现财务成功和环境可持续发展。这为政策制定者提供了一个重要的启示，即改善政府规则、激励利益相关者的投入、执行透明的披露标准以及推广 GI，从而建立一个可持续的企业环境。这些行动被认为是创建兼顾环境责任与经济发展的企业结构的关键策略。
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