Sukkur IBA Journal of Economics and Finance最新文献

Financial Development and Economic Growth Nexus in Pakistan: An Analysis of Bound Testing Approach 巴基斯坦金融发展与经济增长关系:约束检验方法分析

Sukkur IBA Journal of Economics and Finance Pub Date : 2018-09-06 DOI: 10.30537/SIJEF.V2I1.199

Hina Ali, Zahra Masood Bhutta

{"title":"Financial Development and Economic Growth Nexus in Pakistan: An Analysis of Bound Testing Approach","authors":"Hina Ali, Zahra Masood Bhutta","doi":"10.30537/SIJEF.V2I1.199","DOIUrl":"https://doi.org/10.30537/SIJEF.V2I1.199","url":null,"abstract":"This study researches on the financial development and economic growth in Pakistan. The study demonstrates the correlation connecting financial development and economic growth from the range of time, 1974 - 2014. For checking the stationarity of variables, Augmented Dickey-Fuller (ADF) and Philip-Peron (P.P) unit root technique is applied. To elaborate long-run relationship, ARDL (autoregressive distributed lag) and Bound test is conducted. By ARDL technique, study investigate that Gross Domestic Product, Money supply, Exchange rate, Gross fixed capital formation, Domestic Savings and Trade Openness are assimilated. According to research findings: economic growth directly related to money supply (M2) and domestic saving in long-run but money supply illustrates insignificant impact. The study uses GDP as endogenous variable and represents Economic growth. While M2 as exogenous variable which represents financial development and financial liberalization. Current researches seek to establish direct relation of economic growth with trade openness and money supply. Pakistani researchers aim to examine the association of economic policies with financial satisfaction over the globe. ","PeriodicalId":382841,"journal":{"name":"Sukkur IBA Journal of Economics and Finance","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117205736","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

Impact of Risk on Use of Trade Credit: Empirical Evidence from Non-financial Firms in Pakistan 风险对贸易信贷使用的影响:来自巴基斯坦非金融企业的经验证据

Sukkur IBA Journal of Economics and Finance Pub Date : 2018-09-06 DOI: 10.30537/sijef.v2i1.201

F. Shah, Yumin Liu, Jaleel Ahmed, Y. Shah, Fadia Shah

{"title":"Impact of Risk on Use of Trade Credit: Empirical Evidence from Non-financial Firms in Pakistan","authors":"F. Shah, Yumin Liu, Jaleel Ahmed, Y. Shah, Fadia Shah","doi":"10.30537/sijef.v2i1.201","DOIUrl":"https://doi.org/10.30537/sijef.v2i1.201","url":null,"abstract":"\u0000The study investigates the behavior of non-financial firms towards the use of trade credit where they have borrowing constraints in a developing economy. In spite of tremendous change in how businesses raise financing, many businesses still use trade credit as an alternative source of financing. The study is helpful in decision making for business schemes to occupy the risk factor in profit generation through the use of trade credit. Due to lack of funding’s for the businesses there is increase in risk the borrower become unable to run the business and therefore want to get finance or goods from any external source that fulfills the objective of the business as the suppliers. Banks require the collateral against the loan offered, as the risky customer has unable to provide any security to be pledged, trade credit serves the best means of short term loan for the customer. The buyer already in risky position tries to find out the short term means that are convenient and less time consuming for the businesses. Panel data has been used for working. The data on which the working is applied consisted of fifteen years i.e: from 2001-2015. The methodology used in the working is the Generalized Method of Moments (GMM). GMM is helpful for the problem raised because of the correlation amount the independent variables and the error term known as endogeneity problem as well as the heterogeneity of firms. J-statistics indicates that the instruments applied in the model are significant.","PeriodicalId":382841,"journal":{"name":"Sukkur IBA Journal of Economics and Finance","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122378791","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: 3

Does Poverty Reduction Cause Economic Development 减贫能促进经济发展吗

Sukkur IBA Journal of Economics and Finance Pub Date : 2018-09-06 DOI: 10.30537/sijef.v2i1.200

M. Ijaz

引用次数: 2

Determinants of Investment Trading Behaviour in Pakistan 巴基斯坦投资交易行为的决定因素

Sukkur IBA Journal of Economics and Finance Pub Date : 2018-09-06 DOI: 10.30537/SIJEF.V2I1.203

V. Chawla, N. Bhutto, S. Rajput

{"title":"Determinants of Investment Trading Behaviour in Pakistan","authors":"V. Chawla, N. Bhutto, S. Rajput","doi":"10.30537/SIJEF.V2I1.203","DOIUrl":"https://doi.org/10.30537/SIJEF.V2I1.203","url":null,"abstract":"This study aims to investigate the individual or retail investors investment behavior to know that individual demographics and financial factors such as gender, age, educational status, income, and investment levels determine their investment trading behavior amongst three domains namely fundamental, market events and personal factors. We have found that demographic characteristic such as marital status does not play any significant role in determining their investment trading behavior. The structured survey is used to collect data through a personal administration of individual investors belonging to PSX and brokerage firm. Further we use ANOVA and multiple regression to analyze the data collected from primary methods. The evidence suggests that retail investors’ self-confidence is function of both expected and unexpected changes in the market and personal factors which shape the retail investors trading behaviors. The self-confidence and portfolio size are positively related which means that over confident individual investors believe that they have great knowledge and skills. This relationship would help them to perform better than others as over confidence leads them to hold big portfolios","PeriodicalId":382841,"journal":{"name":"Sukkur IBA Journal of Economics and Finance","volume":"169 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134444007","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

Selecting Optimal Portfolio in Pakistan 在巴基斯坦选择最优投资组合

Sukkur IBA Journal of Economics and Finance Pub Date : 2018-09-06 DOI: 10.30537/SIJEF.V2I1.202

Ume Habibah, Ranjeeta Sadhwani, P. A. Memon

引用次数: 1