Global Management Sciences Review最新文献_第5页

Relevance of Leverage and Profitability in Risk-Return Paradox: A Study from Pakistan Stock Exchange 风险收益悖论中杠杆与盈利能力的相关性:以巴基斯坦证券交易所为例

Global Management Sciences Review Pub Date : 2020-06-30 DOI: 10.31703/gmsr.2020(v-ii).02

M. Ramzan, M. Sultana, Muhammad Imran

{"title":"Relevance of Leverage and Profitability in Risk-Return Paradox: A Study from Pakistan Stock Exchange","authors":"M. Ramzan, M. Sultana, Muhammad Imran","doi":"10.31703/gmsr.2020(v-ii).02","DOIUrl":"https://doi.org/10.31703/gmsr.2020(v-ii).02","url":null,"abstract":"The purpose of this investigation has to investigate the degree of relevance of these components in the domain of asset pricing by augmenting the basic FF-5 factor model with leverage and profitability that whether leverage-profitability dumping portfolios capturing the return by this model. We performed the five-factor model of Fama-French to capture the joint effect of variables and augmented it with leverage and profitability for the Pakistani market utilizing current periodic month-to-month data from the year 1998 to the year 2019. Construction of factors (MKT, SMB, HML, HLMLL, and RMW) is done for the PSX market and scrutinize that how much this five-factor augmented model detentions the returns premium in the Pakistani equity market. To analyze the model experimentally that consolidate subgroups of its factors that explain the portfolio's normal returns are outlined to make tremendous spreads in size, B/M, leverage and profitability and to capture the pattern for observing their imperativeness, 2X2X2X2 sorted version is adopted to construct the factors. Investigation documents the significant evidence on the leverage and profitability premium. Taking a glimpse at the variables alone, the recently presented leverage and profitability factors show alluring, measurably critical returns for a long/short basis for the Pakistani equity market.","PeriodicalId":136725,"journal":{"name":"Global Management Sciences Review","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122526036","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}

引用次数: 0

Conflict and its Impact on Employees Behavioral Outcomes in Sugar Mills Dera Ismail Khan, Pakistan 冲突及其对糖厂员工行为结果的影响，德拉伊斯梅尔汗，巴基斯坦

Global Management Sciences Review Pub Date : 2020-03-30 DOI: 10.31703/gmsr.2020(v-i).05

Taous Baloch, Muhammad Imran, M. Sultana

引用次数: 0

The Moderating Role of Information Asymmetry in the Relationship between Stock Market Liquidity and Institutional Investors: A Case of Textile Sector in Pakistan Stock Exchange 信息不对称在股票市场流动性与机构投资者关系中的调节作用——以巴基斯坦证券交易所纺织行业为例

Global Management Sciences Review Pub Date : 2019-12-30 DOI: 10.31703/gmsr.2019(iv-i).02

Muhammad Arif

引用次数: 0

Linkage between Performance Appraisal System and Employee Performance: Does Motivation Moderate? 绩效考核制度与员工绩效的关系:激励是否适度?

Global Management Sciences Review Pub Date : 2019-12-30 DOI: 10.31703/gmsr.2019(iv-i).05

Muhammad Toseef, Muhammad Imran, Ahsan Owais

{"title":"Linkage between Performance Appraisal System and Employee Performance: Does Motivation Moderate?","authors":"Muhammad Toseef, Muhammad Imran, Ahsan Owais","doi":"10.31703/gmsr.2019(iv-i).05","DOIUrl":"https://doi.org/10.31703/gmsr.2019(iv-i).05","url":null,"abstract":"The concept of performance appraisal came into ideal practice in the 1940s, helping a system to launch merit rating during the era of the Second World War as a fair wage system (Lillian & Sitati, 2011). Lots of research in recent decades have been done on the assessment of results (Bretz et al., 1992; Fisher, 1989). Often, a key aspect of human resource management is the performance assessment process. The target population of the present study consisted of all the employees working in the three private (Multan Medical complex, Care Family and Ibne Sina) hospitals of Multan, Pakistan. The study follows a convenient sampling technique for the determination of sample size and having n=131. Adopted questionnaire of Al-Ghamdi (2011) Verhulp (2006) was used with a 5-point Likert scale starting from 1= strongly agree, 2=agree, 3= uncertain, 4=disagree and lastly 5= strongly disagree. The study findings indicate 63% of the respondents belong to a male category, while on the other hand, 37% of the respondents belong to the female category. The study findings verified the fact that there exists an association between performance appraisal systems and seem to suggest that hospitals are interested in improving their performance through the performance appraisal systems. The findings verified the fact that there exists an association between motivation with employee performance.","PeriodicalId":136725,"journal":{"name":"Global Management Sciences Review","volume":"11 3-4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114034743","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}

引用次数: 1

The Effect of Personality and Education on Entrepreneurial Intentions and Behaviours in Developing Economies 人格和教育对发展中经济体企业家意向和行为的影响

Global Management Sciences Review Pub Date : 2019-12-30 DOI: 10.31703/gmsr.2019(iv-i).03

Nida Kamal, Hina Samdani

{"title":"The Effect of Personality and Education on Entrepreneurial Intentions and Behaviours in Developing Economies","authors":"Nida Kamal, Hina Samdani","doi":"10.31703/gmsr.2019(iv-i).03","DOIUrl":"https://doi.org/10.31703/gmsr.2019(iv-i).03","url":null,"abstract":"Entrepreneurship has always been regarded as a multi-disciplinary subject and a purely intentional process which cannot be completely assessed without examining the psychological factors. In this study, the relationship between Entrepreneurial intentions and entrepreneurial behavior has been examined and how the Big-Five personality traits and education about entrepreneurship enhance or minimize the role of intentions in determining behavior. NEOFFI personality inventory, Entrepreneurial Intentions Inventory and Knowledge about Entrepreneurship inventory were used to collect data from 270 respondents through non-probability (convenience and quota) sampling to ensure the representation of business graduates, entrepreneurs and employees from public and private sectors in Pakistan. The regression analysis revealed that the Big-Five personality traits and education had a significant impact on the entrepreneurial with no mediation of intentions. It holds significance by imposing that increased education and awareness about entrepreneurship can help direct the professionals and prospects towards a successful venture creation and sustenance.","PeriodicalId":136725,"journal":{"name":"Global Management Sciences Review","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123490908","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}

引用次数: 0

Examining Etiological Connection Between Antisocial Behavior and Moral Disengagement: Evidence from Tourism & Hospitality Sector 考察反社会行为与道德脱离之间的病因学联系:来自旅游业和酒店业的证据

Global Management Sciences Review Pub Date : 2019-12-30 DOI: 10.31703/gmsr.2020(v-i).03

A. Tariq, S. Khurram, Amir Ishaque

引用次数: 0

Impact of WACC in Elucidation of Cross Sectional Stock Returns by Stylized Portfolios: Pragmatic Evidence from Pakistan Stock Exchange WACC在程式化投资组合的横截面股票收益解释中的影响:来自巴基斯坦证券交易所的实用证据

Global Management Sciences Review Pub Date : 2019-12-30 DOI: 10.31703/gmsr.2019(iv-i).04

M. Sultana, Muhammad Imran, M. A. Saleem

{"title":"Impact of WACC in Elucidation of Cross Sectional Stock Returns by Stylized Portfolios: Pragmatic Evidence from Pakistan Stock Exchange","authors":"M. Sultana, Muhammad Imran, M. A. Saleem","doi":"10.31703/gmsr.2019(iv-i).04","DOIUrl":"https://doi.org/10.31703/gmsr.2019(iv-i).04","url":null,"abstract":"The fundamental structure of the present theory of asset pricing underscored clarifying the path as to how the systematic risk is estimated and how investors are adapted to behavior for such risk. The mixed expense of debt and equity that an association should procure to raise funds for its assignments impacts its stock returns through investment choices and is an additional significant segment of business valuation work on the grounds that for putting resources into more risky resources, investors request better yields or higher returns, for legitimizing better yields this risk premium emerging from such risks is included in the returns. Hence, in clarifying portfolio returns, the three-factor model is increased with WACC to analyze its logical force that if WACC is estimated by the market or not through multivariate regressions. Two principle results are deduced by the examination; first; the findings attest to the presence of market premium, size impact, value impact, WACC premium in the equity market of Pakistan. Second, however generally exciting with exceptional interest, when contrasted with FF unique 3-factor model, the models which join WACC outperformed, which also affirmed from Adj.R2 results.","PeriodicalId":136725,"journal":{"name":"Global Management Sciences Review","volume":"178 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129027370","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}

引用次数: 0

Chinese Interests in Pakistan: A Study in Regional Perspective 中国在巴基斯坦的利益:一个区域视角的研究

Global Management Sciences Review Pub Date : 2018-12-30 DOI: 10.31703/gmsr.2018(iii-i).01

M. Amir, Muhammad Rizwan, S. Bano

{"title":"Chinese Interests in Pakistan: A Study in Regional Perspective","authors":"M. Amir, Muhammad Rizwan, S. Bano","doi":"10.31703/gmsr.2018(iii-i).01","DOIUrl":"https://doi.org/10.31703/gmsr.2018(iii-i).01","url":null,"abstract":"The present study is an effort to analyze the mode and intensity of Chinese interests in Pakistan. By examining the policy of pursuit in finding another market in the region, the study aims to understand the current warmth of the relationship between China and Pakistan. Although maintaining a perpetually friendly relationship with China has always been a cornerstone of Pakistan’s foreign policy, yet strengthening this relationship into a structured partnership remained a gradual process in the light of their mutual interests. In the politics of international relations, the relationship between countries is a complex interaction of pragmatic national interests, which are multifaceted and could take an alternate course with changing regional and international scenarios. As both Pakistan and China share many common political, economic and strategic interests due to which both are giving their utmost priority to protect their interests related to the other. This paper will investigate the situation where it is commonly believed that China is inevitable by avoiding the vice-versa. No doubt common threats and challenges faced by both the nation is the major cause to unite them in terms of security, political, economic and strategic fronts.","PeriodicalId":136725,"journal":{"name":"Global Management Sciences Review","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124514832","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}

引用次数: 0

A Systematic Inquiry of Media Efficacy in Pakistan with Respect to Government Accountability 巴基斯坦媒体效能与政府问责的系统调查

Global Management Sciences Review Pub Date : 2018-12-30 DOI: 10.31703/gmsr.2018(iii-i).03

A. Ullah, Azmat Ali Shah

引用次数: 0

Impact of Sustainability Approaches on Organizational Economic Performance: Intervening Role of Quality and Innovative Performance 可持续性方法对组织经济绩效的影响:质量与创新绩效的中介作用

Global Management Sciences Review Pub Date : 2018-12-30 DOI: 10.31703/gmsr.2018(iii-i).02

Afraseyab Khattak, S. Khattak

{"title":"Impact of Sustainability Approaches on Organizational Economic Performance: Intervening Role of Quality and Innovative Performance","authors":"Afraseyab Khattak, S. Khattak","doi":"10.31703/gmsr.2018(iii-i).02","DOIUrl":"https://doi.org/10.31703/gmsr.2018(iii-i).02","url":null,"abstract":"The idea of corporate sustainability practices has received a lot of attention from management analysts and scholars because it has been shown to have a positive effect on organizational performance. The aim of this study was to find whether QP and IP mediates the relationship between sustainability practices and organizational economic performance. To investigate the specified relationship, Purposive sampling was used to select 227 employees from the banking to participate in this study. Data was collected using a closed-ended questionnaire with a five-point Likert-type scale. Instrument validity was measured through exploratory factor analysis, and instrument reliability was measured using Cronbach's alpha. Regression analysis was used to test the research hypotheses, and for indirect effect mediation analysis was used. according to regression analysis, Sustainability exploration and exploitation have a significant and positive relationship with organizational economic performance. The results of the mediation analysis suggest that the relationship between the sustainability practices and organizational economic performance is mediated by both quality and innovative performance. The study found that the ability to survive in this competitive environment, businesses must change their concentration from short-term benefits to long-term sustainable benefits.","PeriodicalId":136725,"journal":{"name":"Global Management Sciences Review","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133770541","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}

引用次数: 0