Pub Date : 2022-03-31DOI: 10.26710/jafee.v8i1.2197
Yusra Nazir, F. Hussain, Ariba Mukhtar, S. Khalid
Purpose: The purpose of this paper is to investigate the factors that can influence the share prices of listed firms. Design/Methodology/Approach: The sample of 120 listed firms was selected from 2014–to 202020 was collected. Findings: We documented a new insight that all the variables have a strong relationship between variables with the share prices except leverage. The ROA and Leverage show a negative relationship with the share price and EPS, dividend per share, firm size and price-earnings ratio show a positive relationship with the share prices. Implications/Originality: This paper contributes to the existing literature and continuing debate about firm-specific determinants influencing share price in an emerging market, with a focus on manufacturing firms of Pakistan.
{"title":"The Impact of Firm-Specific Factors on the Stock Prices: New Insight from Emerging Market of Asia","authors":"Yusra Nazir, F. Hussain, Ariba Mukhtar, S. Khalid","doi":"10.26710/jafee.v8i1.2197","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2197","url":null,"abstract":"Purpose: The purpose of this paper is to investigate the factors that can influence the share prices of listed firms. \u0000Design/Methodology/Approach: The sample of 120 listed firms was selected from 2014–to 202020 was collected. \u0000Findings: We documented a new insight that all the variables have a strong relationship between variables with the share prices except leverage. The ROA and Leverage show a negative relationship with the share price and EPS, dividend per share, firm size and price-earnings ratio show a positive relationship with the share prices. \u0000Implications/Originality: This paper contributes to the existing literature and continuing debate about firm-specific determinants influencing share price in an emerging market, with a focus on manufacturing firms of Pakistan. \u0000 \u0000 ","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90329274","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2254
Afeera Saeed, Naila S. Awan, S. Inam, Shabeer Ahmad
Purpose: This study was carried out to address the issue of food security and the factors affecting it in the semi-urban area of district Peshawar, Khyber Pakhtunkhwa, Pakistan. More specifically the study reviewed the food security situation among urban poor households using their food expenditures patterns and further investigated its various dynamics. Methodology: Data were collected with the help of interviewing techniques from randomly sampled 100 households in the Peshawar suburb. Household food security was assessed using the food security index adopted from Omonona (2007). Using the Omonona index, the threshold which differentiated the food secure from the food-insecure households in the study area was Rs. 1500 per month (i.e., 2/3 of mean food expenditure). Findings: The result legitimized using the Omonona food security index as a smart indicator in determining food security status at the household level. Implications: To help the urban poor in improving the situation of food security efforts are needed to enhance awareness of food security by promoting education regarding livelihood strategies, self-sustainability programs, and the importance of a proper diet.
{"title":"Assessment of Food Security and Its Implication on Urban Poor People in District Peshawar","authors":"Afeera Saeed, Naila S. Awan, S. Inam, Shabeer Ahmad","doi":"10.26710/jafee.v8i1.2254","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2254","url":null,"abstract":"Purpose: This study was carried out to address the issue of food security and the factors affecting it in the semi-urban area of district Peshawar, Khyber Pakhtunkhwa, Pakistan. More specifically the study reviewed the food security situation among urban poor households using their food expenditures patterns and further investigated its various dynamics. \u0000Methodology: Data were collected with the help of interviewing techniques from randomly sampled 100 households in the Peshawar suburb. Household food security was assessed using the food security index adopted from Omonona (2007). Using the Omonona index, the threshold which differentiated the food secure from the food-insecure households in the study area was Rs. 1500 per month (i.e., 2/3 of mean food expenditure). \u0000Findings: The result legitimized using the Omonona food security index as a smart indicator in determining food security status at the household level. \u0000Implications: To help the urban poor in improving the situation of food security efforts are needed to enhance awareness of food security by promoting education regarding livelihood strategies, self-sustainability programs, and the importance of a proper diet. ","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"795 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76932343","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2191
J. Kumar
Purpose: The empirical literature is inconclusive regarding whether some regions are more effective than others at attracting Foreign Direct Investment (FDI). The article aims to ascertain the effect of regional economic integration on FDI in SAARC member countries from 1998 to 2017. Design/Methodology/Approach: Mix research technique has been used. While qualitative research entails in-depth literature readings and reports, quantitative analysis entails presenting data via graphs and tables. Findings: Findings suggest a significant positive connection between FDI and regional integration in the SAARC economies. While regional integration has a vital role in increasing SAARC's share of global commerce, it has increased FDI inflows and its share in Asia and the world. As a result, while we cannot overlook both classic and non-traditional economic factors affecting FDI, regional integration may play a critical role in fostering FDI growth. Implications/Originality/Value: By boosting cross-border investment, regional cooperation will allow businesses, particularly those from smaller nations, to expand their size and capabilities to compete worldwide. It can also aid in increasing efficiency and reforming industries. SAARC countries must make significant progress toward integration.
{"title":"Impact of Regional Economic Integration on FDI in SAARC Countries","authors":"J. Kumar","doi":"10.26710/jafee.v8i1.2191","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2191","url":null,"abstract":"Purpose: The empirical literature is inconclusive regarding whether some regions are more effective than others at attracting Foreign Direct Investment (FDI). The article aims to ascertain the effect of regional economic integration on FDI in SAARC member countries from 1998 to 2017. \u0000Design/Methodology/Approach: Mix research technique has been used. While qualitative research entails in-depth literature readings and reports, quantitative analysis entails presenting data via graphs and tables. \u0000Findings: Findings suggest a significant positive connection between FDI and regional integration in the SAARC economies. While regional integration has a vital role in increasing SAARC's share of global commerce, it has increased FDI inflows and its share in Asia and the world. As a result, while we cannot overlook both classic and non-traditional economic factors affecting FDI, regional integration may play a critical role in fostering FDI growth. \u0000Implications/Originality/Value: By boosting cross-border investment, regional cooperation will allow businesses, particularly those from smaller nations, to expand their size and capabilities to compete worldwide. It can also aid in increasing efficiency and reforming industries. SAARC countries must make significant progress toward integration.","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"82 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74929987","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2259
Mahnoor Shafqat, Huma Ayub
Purpose: The study examines the impact of corporate social responsibility on financial performance with the moderating role of gender diversity in the context of the manufacturing sector in Pakistan. Design/Methodology/Approach: The study is quantitative by using secondary data from 33 manufacturing firms listed on the Pakistan stock exchange for the time of 2015-to 2020. CSR disclosure index is calculated through the content analysis technique. Traditional and market-based proxies are used to measure financial performance. The study used the Panel data analysis technique by employing the GMM model. Findings: Results shows that corporate social responsibility positively influences the performance of firms, which implies that engagement in CSR will improve a firm’s performance. Moreover, results reveal that gender diversity strengthens the relationship between corporate social responsibility and financial performance, which suggests that having female board members will benefit the firm to engage in CSR. Implications/Originality/Value: The study is valuable for corporate executives for captivating the initiatives concerning CSR and gender diversity on boards.
{"title":"Corporate Social Responsibility and Financial Performance in the Manufacturing Sector in Pakistan: Moderating Role Gender Diversity of Board","authors":"Mahnoor Shafqat, Huma Ayub","doi":"10.26710/jafee.v8i1.2259","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2259","url":null,"abstract":"Purpose: The study examines the impact of corporate social responsibility on financial performance with the moderating role of gender diversity in the context of the manufacturing sector in Pakistan. \u0000Design/Methodology/Approach: The study is quantitative by using secondary data from 33 manufacturing firms listed on the Pakistan stock exchange for the time of 2015-to 2020. CSR disclosure index is calculated through the content analysis technique. Traditional and market-based proxies are used to measure financial performance. The study used the Panel data analysis technique by employing the GMM model. \u0000Findings: Results shows that corporate social responsibility positively influences the performance of firms, which implies that engagement in CSR will improve a firm’s performance. Moreover, results reveal that gender diversity strengthens the relationship between corporate social responsibility and financial performance, which suggests that having female board members will benefit the firm to engage in CSR. \u0000Implications/Originality/Value: The study is valuable for corporate executives for captivating the initiatives concerning CSR and gender diversity on boards.","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"54 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75285599","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2132
Syed Haroon Shah, N. Muhammad, A. Ullah
Purpose: This study aims to examine the economic factor as a stimulant behind the phenomena of child marriage in District Mohmand Khyber Pakhtunkhwa Methodology: For this purpose, 200 sample respondents were selected through quota sampling from the selected Tehsil of Mommand agency. Furthermore, a chi-Square test was performed for measuring the association between study variables at Bivariate and Multivariate levels of analysis. Findings: Findings of the study unveil that economic factors significantly contributed to the phenomena of child marriage practices for both genders Implications: Based on study findings it has been recommended that efforts on micro and macro levels should be made to decrease the level of poverty, particularly in rural areas where the practice of child marriage is more prevalent than in urban areas. By providing social alternatives to marriage, such as education, skill, and technical development opportunities, especially for young girls, and the provision of loans to the poor families for entrepreneurship, the unfortunate practice of child marriage can be significantly overcome
{"title":"The Nexus between Economic Factors and Practice of Child Marriage: A Case Study of District Mohmand Khyber Pakhtunkhwa","authors":"Syed Haroon Shah, N. Muhammad, A. Ullah","doi":"10.26710/jafee.v8i1.2132","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2132","url":null,"abstract":"Purpose: This study aims to examine the economic factor as a stimulant behind the phenomena of child marriage in District Mohmand Khyber Pakhtunkhwa \u0000Methodology: For this purpose, 200 sample respondents were selected through quota sampling from the selected Tehsil of Mommand agency. Furthermore, a chi-Square test was performed for measuring the association between study variables at Bivariate and Multivariate levels of analysis. \u0000Findings: Findings of the study unveil that economic factors significantly contributed to the phenomena of child marriage practices for both genders \u0000Implications: Based on study findings it has been recommended that efforts on micro and macro levels should be made to decrease the level of poverty, particularly in rural areas where the practice of child marriage is more prevalent than in urban areas. By providing social alternatives to marriage, such as education, skill, and technical development opportunities, especially for young girls, and the provision of loans to the poor families for entrepreneurship, the unfortunate practice of child marriage can be significantly overcome","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74142008","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2187
Khatiba Asmat Zahra, Quratulain Benish, Muhammad Umer, M. Shahid
Purpose: This paper examines the relationship between Corporate Governance, Corporate Investment, and Financial Performance of firms with moderating relationship of Corporate Social Responsibility in emerging markets of Asia (Pakistan, China, Malaysia, and India). Design/Methodology/Approach: To examine the impact, the panel data of 214 non-financial listed firms from 2014–to 2019 was collected. Findings: We documented a new insight that CSR and CG are significantly associated with CI and FP. Results also show that the quality of CG and CSR enriches the CI decisions that improved FP. Findings also show that CSR moderates the relationship between CG and CI decisions, and between CG and firms’ FP. The board directors and ownership concentration have a positive relationship with CI decisions and FP. Overall CSR moderates the relationship between CI and CP. Implications/Originality/Value: These findings are beneficial to the management of corporations working in emerging markets to improve CSR activities. This research also contributes to existing literature, on how CSR moderates the relationship between CG and CI decisions in the given contexts.
{"title":"Corporate Social Responsibility Moderates the Relationship of Corporate Governance and Investment Decisions; New insight from Emerging Markets","authors":"Khatiba Asmat Zahra, Quratulain Benish, Muhammad Umer, M. Shahid","doi":"10.26710/jafee.v8i1.2187","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2187","url":null,"abstract":"Purpose: This paper examines the relationship between Corporate Governance, Corporate Investment, and Financial Performance of firms with moderating relationship of Corporate Social Responsibility in emerging markets of Asia (Pakistan, China, Malaysia, and India). \u0000Design/Methodology/Approach: To examine the impact, the panel data of 214 non-financial listed firms from 2014–to 2019 was collected. \u0000Findings: We documented a new insight that CSR and CG are significantly associated with CI and FP. Results also show that the quality of CG and CSR enriches the CI decisions that improved FP. Findings also show that CSR moderates the relationship between CG and CI decisions, and between CG and firms’ FP. The board directors and ownership concentration have a positive relationship with CI decisions and FP. Overall CSR moderates the relationship between CI and CP. \u0000Implications/Originality/Value: These findings are beneficial to the management of corporations working in emerging markets to improve CSR activities. This research also contributes to existing literature, on how CSR moderates the relationship between CG and CI decisions in the given contexts. ","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85636764","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2263
Jamal Shah, Jameel Ahmed, Nadir Khan
Purpose: This research study aimed to examine the impact of capital structure and ownership structure on the financial performance of KSE-100 index firms on the Pakistan Stock Exchange. Design/Methodology/Approach: 100 listed companies have been selected as sample for the study but due to data limitations, 90 companies' annual data has been used for 2009-2018. Ordinary least square regression was used on the panel data for analysis. Two measures of capital structure (debt-to-equity ratio and debt to total assets) while three measures of ownership structure (Foreign ownership, Institutional ownership, and managerial ownership) have been used to determine their impact on three financial performance measures (return on assets, return on equity, and Tobin's). Findings: The results of this study showed that there is a significant negative relationship between financial performance and capital structure. Ownership structure and firm financial performance showed a significant positive relationship when measured on the basis of foreign ownership and institutional ownership while insignificant and negatively related to managerial ownership. Implications: This study suggests that organizations should take financing decisions in accordance with optimum capital structure because more debt decreases financial performance. Furthermore, a decision should be taken the encouragement of foreign and institutional shareholding, while the level of managerial ownership should be lessened to enhance financial performance
{"title":"The Impact of Capital Structure and Ownership Structure on Financial Performance: A Study on the KSE 100 Listed Firms in the Pakistan Stock Exchange","authors":"Jamal Shah, Jameel Ahmed, Nadir Khan","doi":"10.26710/jafee.v8i1.2263","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2263","url":null,"abstract":"Purpose: This research study aimed to examine the impact of capital structure and ownership structure on the financial performance of KSE-100 index firms on the Pakistan Stock Exchange. \u0000Design/Methodology/Approach: 100 listed companies have been selected as sample for the study but due to data limitations, 90 companies' annual data has been used for 2009-2018. Ordinary least square regression was used on the panel data for analysis. Two measures of capital structure (debt-to-equity ratio and debt to total assets) while three measures of ownership structure (Foreign ownership, Institutional ownership, and managerial ownership) have been used to determine their impact on three financial performance measures (return on assets, return on equity, and Tobin's). \u0000 Findings: The results of this study showed that there is a significant negative relationship between financial performance and capital structure. Ownership structure and firm financial performance showed a significant positive relationship when measured on the basis of foreign ownership and institutional ownership while insignificant and negatively related to managerial ownership. \u0000Implications: This study suggests that organizations should take financing decisions in accordance with optimum capital structure because more debt decreases financial performance. Furthermore, a decision should be taken the encouragement of foreign and institutional shareholding, while the level of managerial ownership should be lessened to enhance financial performance","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74251307","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2235
Naheeda Ali, K. Khan
Purpose: This study evaluates the effects of the global financial crisis rooted in ethical deterioration. However, the worldwide regulatory reform agenda has largely overlooked this factor and focused on the technical needs. Also, look at the relative influence of various players within the corporate governance and regulatory equation to determine the shape that enforcement takes. Design/Methodology/Approach: The qualitative method is used in this study by analyzing statutes, local and international protocols, conventions, and treaties. Findings: In this work, the magnitude of the global financial disaster has shown how erroneous market ordering optimism. The tangible and conceptual certainty linked with finance capitalism's primacy has vanished. This has created a debate regarding the privileged and the general public. The critical question is how to respond. Rules are too readily transacted around, and principles lack the granularity to be enforceable to address ethical flaws. Implications/Originality/Value: We must pay considerably greater attention to the moral dimension of market activity or how people live their lives professionally. It is a chore we should avoid at all costs.
{"title":"Governing the Corporation: Regulations in the Era of Scandals and Globalization","authors":"Naheeda Ali, K. Khan","doi":"10.26710/jafee.v8i1.2235","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2235","url":null,"abstract":"Purpose: This study evaluates the effects of the global financial crisis rooted in ethical deterioration. However, the worldwide regulatory reform agenda has largely overlooked this factor and focused on the technical needs. Also, look at the relative influence of various players within the corporate governance and regulatory equation to determine the shape that enforcement takes. \u0000Design/Methodology/Approach: The qualitative method is used in this study by analyzing statutes, local and international protocols, conventions, and treaties. \u0000Findings: In this work, the magnitude of the global financial disaster has shown how erroneous market ordering optimism. The tangible and conceptual certainty linked with finance capitalism's primacy has vanished. This has created a debate regarding the privileged and the general public. The critical question is how to respond. Rules are too readily transacted around, and principles lack the granularity to be enforceable to address ethical flaws. \u0000Implications/Originality/Value: We must pay considerably greater attention to the moral dimension of market activity or how people live their lives professionally. It is a chore we should avoid at all costs.","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"103 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85253249","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2112
Syed Muhamad Basit Raza Bukhari, A. R. Cheema, Salyha Zulfiqar Ali Shah
Purpose: Education plays a vital role in improving the standard of living of the masses by providing them with better job opportunities and future earnings. This study has attempted to investigate the impact of the literacy rate on poverty in Pakistan. Methodology: This study is based on secondary data and has employed the Johansen Cointegration and VECM technique for empirical investigation. Headcount ratio is a dependent variable, employed as a proxy for poverty. In the present study, explanatory variables are literacy rate, trade openness, FDI and inflation rate. Findings: The empirical findings from the study show that literacy rate and trade openness show a negative relationship with poverty in Pakistan. However, inflation shows a positive relationship with poverty. Policy Implications: The study suggests that policymakers should initiate suitable measures to improve the education system in Pakistan. There is a dire need of increasing the enrolment rate at the primary level and special check on the drop-out ratio in public schools.
{"title":"Literacy, Poverty and Trade Openness in Pakistan: An Empirical Investigation","authors":"Syed Muhamad Basit Raza Bukhari, A. R. Cheema, Salyha Zulfiqar Ali Shah","doi":"10.26710/jafee.v8i1.2112","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2112","url":null,"abstract":"Purpose: Education plays a vital role in improving the standard of living of the masses by providing them with better job opportunities and future earnings. This study has attempted to investigate the impact of the literacy rate on poverty in Pakistan. Methodology: This study is based on secondary data and has employed the Johansen Cointegration and VECM technique for empirical investigation. Headcount ratio is a dependent variable, employed as a proxy for poverty. In the present study, explanatory variables are literacy rate, trade openness, FDI and inflation rate. \u0000Findings: The empirical findings from the study show that literacy rate and trade openness show a negative relationship with poverty in Pakistan. However, inflation shows a positive relationship with poverty. \u0000Policy Implications: The study suggests that policymakers should initiate suitable measures to improve the education system in Pakistan. There is a dire need of increasing the enrolment rate at the primary level and special check on the drop-out ratio in public schools.","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81292788","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 : 2022-03-31DOI: 10.26710/jafee.v8i1.2181
Muhammad Faheem Ullah, H. Badar, K. Hamid, M. Y. Saeed
Purpose: Taxes are the primary source of government revenues. Through taxes, governments can increase the revenues needed for public spending. This study is aimed at investigating the determinants of tax collection and its impact on the economic growth of Pakistan. Design/Methodology/Approach: The secondary data has been taken for the years from 1990 to 2020 from different sources such as the World Bank and Pakistan Economic Survey. The regression analysis has been performed on the collected data. Tax collection is taken as the dependent variable, whereas gross domestic product per capita, exchange rate, import, export, unemployment rate, and inflation rate have been taken as independent variables. Findings: Results indicate a significant impact of GDP per capita, exchange rate, imports and exports on tax collection in Pakistan. Tax collection has a positive and significant impact on economic growth. Implications/Originality/Value: This study highlight the need to frame policies for increasing gross domestic product per capita, controlling inflation and unemployment for greater attraction of taxpayer for the sake of high tax collection. The high unemployment rate and inflation are the main barriers to tax collection and the country's better economic growth. This study will be helpful to related public-sector institutions in improving tax collection in Pakistan and the government should take necessary steps to improve and develop a strong mechanism to collect taxes.
{"title":"Tax Collection in Pakistan: Determinants and Impact on Economic Growth","authors":"Muhammad Faheem Ullah, H. Badar, K. Hamid, M. Y. Saeed","doi":"10.26710/jafee.v8i1.2181","DOIUrl":"https://doi.org/10.26710/jafee.v8i1.2181","url":null,"abstract":"Purpose: Taxes are the primary source of government revenues. Through taxes, governments can increase the revenues needed for public spending. This study is aimed at investigating the determinants of tax collection and its impact on the economic growth of Pakistan. \u0000Design/Methodology/Approach: The secondary data has been taken for the years from 1990 to 2020 from different sources such as the World Bank and Pakistan Economic Survey. The regression analysis has been performed on the collected data. Tax collection is taken as the dependent variable, whereas gross domestic product per capita, exchange rate, import, export, unemployment rate, and inflation rate have been taken as independent variables. \u0000Findings: Results indicate a significant impact of GDP per capita, exchange rate, imports and exports on tax collection in Pakistan. Tax collection has a positive and significant impact on economic growth. \u0000Implications/Originality/Value: This study highlight the need to frame policies for increasing gross domestic product per capita, controlling inflation and unemployment for greater attraction of taxpayer for the sake of high tax collection. The high unemployment rate and inflation are the main barriers to tax collection and the country's better economic growth. This study will be helpful to related public-sector institutions in improving tax collection in Pakistan and the government should take necessary steps to improve and develop a strong mechanism to collect taxes. ","PeriodicalId":52706,"journal":{"name":"Journal of Accounting and Finance in Emerging Economies","volume":"64 4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76384075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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