Market Forces最新文献_第3页

Impact of Behavioral Factors in Making Investment Decisions and Performance: Evidence from Pakistan Stock Exchange 行为因素对投资决策和业绩的影响——来自巴基斯坦证券交易所的证据

Market Forces Pub Date : 2021-06-09 DOI: 10.51153/MF.V16I1.435

Muhammad Rehan, Jahanzaib Alvi, Lubna Javed, B. Saleem

{"title":"Impact of Behavioral Factors in Making Investment Decisions and Performance: Evidence from Pakistan Stock Exchange","authors":"Muhammad Rehan, Jahanzaib Alvi, Lubna Javed, B. Saleem","doi":"10.51153/MF.V16I1.435","DOIUrl":"https://doi.org/10.51153/MF.V16I1.435","url":null,"abstract":"Market irregularities and irrational behavior triggered investor’s changes in the stock market, and this has led to an investigation into the impact of various behavioral biases and factors affecting decision-making for individual investors. The quality of individual investor behavior in making stock investment decisions is very important to be understood as a reference of the movement of the capital market. This study investigated the role of behavioral finance and investor psychology in investment decision-making at the Pakistan Stock Exchange (PSE). Using a sample of 147 individual investors, the study established that behavioral factors such as Herding, Heuristic, Market and Prospect that affected the decisions of the investors operating at the Pakistan Stock Exchange (PSE). As there are a few studies in Pakistan related to behavioral finance, so this study mainly contributes to the field of behavioral finance in Pakistan. This study focusses on existing theories of behavioral finance which led to develop the hypothesis. The result of the analysis is that the four variables have greatly influenced the investment decision and return on investment. All behavioral variables have a significant impact on the decision-making process of investors, which led to the acceptance of all assumptions regarding the level of influence of behavioral factors in decision making for individual investors","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":"16 1","pages":"22"},"PeriodicalIF":0.0,"publicationDate":"2021-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43521768","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: 6

Does Organizational Politics in Public Sector Mediates the Impact of Recruitment and Selection on Employee Performance 公共部门组织政治是否中介招聘和选拔对员工绩效的影响

Market Forces Pub Date : 2021-06-09 DOI: 10.51153/MF.V16I1.447

M. Bibi, R. Khan, A. Manzoor

{"title":"Does Organizational Politics in Public Sector Mediates the Impact of Recruitment and Selection on Employee Performance","authors":"M. Bibi, R. Khan, A. Manzoor","doi":"10.51153/MF.V16I1.447","DOIUrl":"https://doi.org/10.51153/MF.V16I1.447","url":null,"abstract":"The presence of nepotism and favoritism during the execution of recruitment selection has now become a major concern for both developed and developing countries. Based on social exchange theory a framework was established to evaluate contextual performance, adaptive performance, and task performance as a result of recruitment and selection practice in an organization. Besides, the study also investigated the effect of nepotism and favoritism as a mediating variable between recruitment and selection, contextual performance, adaptive performance, and task performance. Moreover, data from 384 respondents working in the tertiary care hospitals in Pakistan were congregated and analyzed using confirmatory factor analysis and structural equation modeling. The results of the study reveal that recruitment and selection have a substantial impact on contextual performance, adaptive performance, and task performance. Consistently, the mediation effect was established. Furthermore, the current study is of significance for the HR managers of the hospital to formulate strategies to overcome this phenomenon particularly in the recruitment & selection process which in the end affects the healthcare employee’s performance.","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44049830","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

Corporate Social Responsibility and Customer Loyalty: Exploring the Role of Satisfaction and Corporate Image in the Banking Industry 企业社会责任与客户忠诚度：银行业满意度和企业形象的作用探析

Market Forces Pub Date : 2021-06-09 DOI: 10.51153/MF.V16I1.480

M. Ahmad, A. Jawaid, Muhammad Arshad, Sumaira Habib Paracha

{"title":"Corporate Social Responsibility and Customer Loyalty: Exploring the Role of Satisfaction and Corporate Image in the Banking Industry","authors":"M. Ahmad, A. Jawaid, Muhammad Arshad, Sumaira Habib Paracha","doi":"10.51153/MF.V16I1.480","DOIUrl":"https://doi.org/10.51153/MF.V16I1.480","url":null,"abstract":"This study aims to determine the impact of corporate social responsibility on customerloyalty and satisfaction with the mediating effect of customer satisfaction and the moderatingeffect of corporate image in Pakistan’s banking sector. The study collected 302 responsesfrom the target population. We used a self-administered questionnaire for collecting thedata of banking customers in Pakistan by employing the convenience sampling technique.The study has used the PLS-SEM technique for statistical analysis. The results reveal thatcorporate social responsibility positively influences customer satisfaction. The results alsosuggest that CSR positively affects customer satisfaction. At the same time, CSR has aninsignificant association with customer loyalty. We also found that CS stimulates customerloyalty, and corporate image promotes CL. The results suggest that customer satisfactionmediates CSR and CL. We also found that corporate image does not moderate customerloyalty. Given the importance of CSR, we suggest that banks should allocate considerableresources for CSR activities. CSR is necessary for firms’ growth and sustainability. It also,directly and indirectly, affects the brand image, loyalty, and customer satisfaction. Due to strict regulations, banks have difficulty creating product differentiation; therefore, they relyon strategies such as CSR.","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":"16 1","pages":"18-18"},"PeriodicalIF":0.0,"publicationDate":"2021-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49375233","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 Equity Risk Premium Puzzle in Pakistan 巴基斯坦股票风险溢价之谜

Market Forces Pub Date : 2021-06-09 DOI: 10.51153/MF.V16I1.474

A. Sajid, M. Arsalan, M. T. Khan, M. S. Ramish

引用次数: 0

Critical Success Factors for Pharmaceutical Firms: The Case of Pakistan 制药公司的关键成功因素:巴基斯坦的案例

Market Forces Pub Date : 2021-06-09 DOI: 10.51153/MF.V16I1.424

M. Khan, Sonia Batool, Usman Qadri, Zujaj Ahmed

引用次数: 0

Revisiting the Environmental Kuznets Curve Hypothesis in Pakistan 重新审视巴基斯坦的环境库兹涅茨曲线假说

Market Forces Pub Date : 2021-06-01 DOI: 10.51153/MF.V16I1.446

Muhammad Khan

{"title":"Revisiting the Environmental Kuznets Curve Hypothesis in Pakistan","authors":"Muhammad Khan","doi":"10.51153/MF.V16I1.446","DOIUrl":"https://doi.org/10.51153/MF.V16I1.446","url":null,"abstract":"Several studies have already determined an inverted U-shaped Environment Kuznets Curve (EKC) in Pakistan. The existing literature has not considered structural breaks (SBs) in EKC-related studies in Pakistan. This study aims to understand whether SBs explain the EKC hypothesis in Pakistan from 1980-2016. The variables used include total energy consumption (TEC), real GDP per capita, foreign direct investment (FDI), and trade openness (TO). The current study has used conventional time series econometric methods to analyze the issue. A structural break (SB) can significantly impact the forecasting performance of a model. Therefore, we have used the Zivot-Andrews unit root test (ZAURT) with one structural break (SB) and the Gregory-Hansen cointegration test approach for empirical analysis. The Gregory-Hansen cointegration test also suggests that the long-run equilibrium relationship is affected by structural breaks (SBs). Historical data suggests that Pakistan has gone through some structural changes during the period 2000-2004, which includes implementing the structural adjustment program of IMF and liberalization of trade and investment policies to attract foreign investors. The 9/11 tragedy also played an important role as Pakistan remained on the front lines in the war against terrorism. Thus, the study concludes that structural breaks (SBs) have important implications for the EKC hypothesis in Pakistan.","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":"16 1","pages":"18"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43386939","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: 5

Impact of Financial and Non-financial Rewards on Employee Motivation and Employee Commitment among SMEs textiles sector of Karachi Pakistan 巴基斯坦卡拉奇纺织行业中小企业财务和非财务奖励对员工激励和员工承诺的影响

Market Forces Pub Date : 2021-06-01 DOI: 10.51153/MF.V16I1.475

Muzafar Hussain Shah Sayed, S. Matloob, S. Shah, Jameel Ahmed

{"title":"Impact of Financial and Non-financial Rewards on Employee Motivation and Employee Commitment among SMEs textiles sector of Karachi Pakistan","authors":"Muzafar Hussain Shah Sayed, S. Matloob, S. Shah, Jameel Ahmed","doi":"10.51153/MF.V16I1.475","DOIUrl":"https://doi.org/10.51153/MF.V16I1.475","url":null,"abstract":"SMEs in Pakistan are not performing according to their potential. Besides other factors,they do not have a well-structured rewards package, due to which the employee motivationand commitment are low. Thus, we have developed a new model to examine the effectof rewards and packages on employee commitment and motivation. We have recruitedsix enumerators to collect the data from the target population. The enumerators havedistributed 400 questionnaires, and they received 385 filled questionnaires. The authorshave used Smart PLS version 3.2 for statistical analysis. The developed model has five directand two mediating relationships. We found support for all hypotheses. The results suggestthat financial and non-financial rewards affect employee commitment and motivation.Commitment stimulates motivation. Also, employee commitment mediates (1) nonfinancialreward and motivation and (2) financial-reward and motivation. The findings are consistent with the past literature. SMEs in Pakistan do not have a well-structured HRdepartment, and they make reward-related decisions arbitrarily. Thus, we recommend thatSMEs develop a policy for rewards that is rational and unbiased. We also recommend thatthey should balance non-financial and financial rewards.","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":"16 1","pages":"22-22"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41920506","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

Technological Antecedents of Organizational Agility: PLS SEM Based Analysis Using IT Infrastructure, ERP Assimilation, and Business Intelligence 组织敏捷性的技术前因:基于PLS SEM的分析，使用IT基础设施、ERP同化和商业智能

Market Forces Pub Date : 2021-06-01 DOI: 10.51153/MF.V16I1.468

Muhammad Yasir, M. Bashir, Junaid Ansari

{"title":"Technological Antecedents of Organizational Agility: PLS SEM Based Analysis Using IT Infrastructure, ERP Assimilation, and Business Intelligence","authors":"Muhammad Yasir, M. Bashir, Junaid Ansari","doi":"10.51153/MF.V16I1.468","DOIUrl":"https://doi.org/10.51153/MF.V16I1.468","url":null,"abstract":"Business intelligence, ERP assimilation, and IT infrastructure flexibility are components that can enhance organizational agility. At the same time, business intelligence (BI) usage improves management decisions. However, there are a few empirical studies on ERP assimilation and business intelligence. To fill this gap, we have proposed a new model with five direct and two mediating relationships. We have distributed 265 questionnaires and received 253 complete questionnaires. We collected the data through self-administered questionnaires adapted from earlier studies. The study has used the Smart PLS software to analyze the data using the partial least square structural equation modeling technique. Since the study measures second-order constructs, therefore, we believe that PLS-SEM is an appropriate software. The results indicate that IT infrastructure flexibility affects organizational agility, business intelligence use, and ERP assimilation. The results also support the association between business intelligence use and organizational agility and ERP assimilation and organization agility. Further, we find that business intelligence use and ERP assimilation have a mediating effect on organizational agility . Corresponding Author: Muhammad Yasir; Email: std_17690@iobm.edu.pk Muhammad Yasir1 Institute of Business Management, Karachi, Pakistan Muhammad Adnan Bashir Institute of Business Management, Karachi, Pakistan Junaid Ansari Institute of Business Management, Karachi, Pakistan 85 Market Forces College of Management Sciences Volume 16, Issue 1, June 2021 https://doi.org/10.51153/mf.v16i1.468","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45386139","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

Emotional Intelligence and Teaching Satisfaction: The Mediating Role of Emotional Labor Strategies 情商与教学满意度：情绪劳动策略的中介作用

Market Forces Pub Date : 2020-12-01 DOI: 10.51153/MF.V15I2.464

A. Umer, Imtiaz Arif, Syed Ali

{"title":"Emotional Intelligence and Teaching Satisfaction: The Mediating Role of Emotional Labor Strategies","authors":"A. Umer, Imtiaz Arif, Syed Ali","doi":"10.51153/MF.V15I2.464","DOIUrl":"https://doi.org/10.51153/MF.V15I2.464","url":null,"abstract":"The study examines the direct effect of four “emotional intelligence” attributes on teachers’ job satisfaction in Karachi’s private teaching institutions. The study also investigates the mediating effects of “emotional labor strategies” on teachers’ job satisfaction. We have used the questionnaire adopted from earlier studies. We distributed 550 questionnaires to respondents, of which we received 499 useable responses. The study has used Smart PLS version 3.3 for data analysis. Our results support only six hypotheses, including two direct and our indirect. This study has contributed to the body of knowledge in the following ways. First, it has measured the effects of the four attributes of emotional intelligence on job satisfaction. Second, most studies have examined the mediating effect of emotional labor strategies on emotional intelligence and other job satisfaction antecedents. Perhaps this is the first study that has examined the direct impact of the sub-factor of emotional intelligence on teachers’ job satisfaction. Additionally, it also looks at the mediating effect of emotional labor strategies on teachers’ satisfaction. There are several implications for managers. For example, the teaching institutes should provide counseling and training to teachers for enhancing their emotional intelligence. Emotional labor strategies help individuals control and monitor their emotions; therefore, educational institutions may also encourage their teachers to adopt these strategies.","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":" ","pages":"24-24"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44298863","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

Organizational Performance and Entrepreneurial Orientation: The Intervening Role of Organizational Learning 组织绩效与创业导向:组织学习的中介作用

Market Forces Pub Date : 2020-12-01 DOI: 10.51153/MF.V15I2.465

S. Matloob, M. Shah, S. Shah, M. Khan

{"title":"Organizational Performance and Entrepreneurial Orientation: The Intervening Role of Organizational Learning","authors":"S. Matloob, M. Shah, S. Shah, M. Khan","doi":"10.51153/MF.V15I2.465","DOIUrl":"https://doi.org/10.51153/MF.V15I2.465","url":null,"abstract":"Many past studies have examined the association between entrepreneurial orientation (E.O.) and organizational performance (O.P.). However, these studies have not adequately addressed the mediating roles of acquisition learning (A.L.) and experiential learning (E.L.) on organizational performance. Given this gap, we have developed a new model that contains six direct relationships, three mediating relationships, and one multi-mediating relationship. The focus of the study was on Indonesian Pharmaceutical SMEs. We have collected a sample of 365 respondents non-randomly. For statistical analysis, we have used Smart PLS version 3.2. The statistical analysis includes reliability, validity, and descriptive statistics. The results confirm that acquisition learning (A.L.), experiential learning (E.L.), and entrepreneurial orientation (E.O.) promote organizational performance (O.P.). We also found that entrepreneurial orientation (E.O.) impacts acquisition learning (A.L.) and innovative performance (I.P.) but does not affect organizational performance (O.P.). However, the results suggest that acquisition learning (A.L.) and experiential learning (E.L.) are positively linked. Our results also support all the mediating relationships.","PeriodicalId":31666,"journal":{"name":"Market Forces","volume":"15 1","pages":"24-24"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43663021","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