Akron business and economic review最新文献_第5页

Estimating Food Demand System and Rural Household Welfare: A Case study from Pakistan 粮食需求系统估算与农村家庭福利:以巴基斯坦为例

Akron business and economic review Pub Date : 2018-12-10 DOI: 10.22547/BER/10.4.3

L. Naz, Munir Ahmad, G. Arif

引用次数: 2

Exploring the Role of Managers in Nurturing Disruptive Innovations 探索管理者在培育破坏性创新中的作用

Akron business and economic review Pub Date : 2018-12-10 DOI: 10.22547/ber/10.4.5

Fawad Sadiq, Tasweer Hussain

引用次数: 4

Return and Volatility Spillover across stock markets of China and its Major Trading Partners: Evidence from Shanghai Stock Exchange Crash 中国及其主要贸易伙伴股票市场的收益和波动溢出效应:来自沪市股灾的证据

Akron business and economic review Pub Date : 2018-09-10 DOI: 10.22547/ber/10.3.1

Muhammad Owais Qarni, Gulzar Saqib

{"title":"Return and Volatility Spillover across stock markets of China and its Major Trading Partners: Evidence from Shanghai Stock Exchange Crash","authors":"Muhammad Owais Qarni, Gulzar Saqib","doi":"10.22547/ber/10.3.1","DOIUrl":"https://doi.org/10.22547/ber/10.3.1","url":null,"abstract":"This study analyses the return and volatility spillover effects of Shanghai Stock Exchange (SSE) crash to its Major Trading Partners (MTPs) â€“ U.S.A. (S&P 500), Germany (DAX), Japan (Nikkei 225), South Korea (KOSPI), and Hong Kong (HSI) - using Diebold and Yilmaz (2012) spillover index model. The findings indicate the presence of increased return and volatility spillover between SSE and stock exchanges of MTPs during the sample period. The return spillover transmission is found to be higher than the volatility spillover transmission. Results also highlighted low level of return and volatility spillover from SSE to the stock markets of U.S.A. and Germany. Evidence of high integration between SSE and HSI are also indicated, which promote the geographical proximity impact on financial markets integration. The low return and volatility spillover between SSE and the stock markets of U.S.A. and Germany provide useful portfolio diversification benefits for international investors. The findings of this study provide useful information to potential investors for making rational decisions regarding portfolio diversification in the periods of crisis.","PeriodicalId":80398,"journal":{"name":"Akron business and economic review","volume":"120 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75791393","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: 11

Intended-Implemented HRM-GAP effect on Organizational Performance: Moderation of HR-Uncertainty and Employee Participation 人力资源管理gap对组织绩效的影响:人力资源不确定性和员工参与的调节作用

Akron business and economic review Pub Date : 2018-09-10 DOI: 10.22547/ber/10.3.5

NoorUl Ain, Hafiz Muhammad Azeem Akhtar, J. Ahmad

{"title":"Intended-Implemented HRM-GAP effect on Organizational Performance: Moderation of HR-Uncertainty and Employee Participation","authors":"NoorUl Ain, Hafiz Muhammad Azeem Akhtar, J. Ahmad","doi":"10.22547/ber/10.3.5","DOIUrl":"https://doi.org/10.22547/ber/10.3.5","url":null,"abstract":"The motive behind the present study is to assess that how organizational performance is influenced by the Gap between intended and implemented HR practices and it also aims to evaluate the potential moderating role of employee participation and HR uncertainty between them. This study empirically tests Intended-Implemented HRM gap and its impact on Organizational performance by gathering data from 213 respondents including both manufacturing and services sectors through a self-report questionnaire. Regression analysis was used to ascertain the impact of Gap on organizational performance while structural equation modeling was used to test moderation. Results indicate that there exists a gap between actual and intended HRM having negative influence on organizational performance and this relationship is moderated by HR uncertainty and employee participation which leads to better organizational performance. Study suggests managers to assess HR uncertainty and ensure employee participation in policy making (which affect performance of employees) and thereby reduce the negative consequences of intended-implemented HR Gap on organizational performance.","PeriodicalId":80398,"journal":{"name":"Akron business and economic review","volume":"36 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74065548","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

A Social Exchange Perspective through the Lens of an Individual: Relationship between LMX, Voice and Organizational Commitment in Academia 个体视角下的社会交换视角:学术界LMX、声音与组织承诺的关系

Akron business and economic review Pub Date : 2018-09-10 DOI: 10.22547/ber/10.3.3

Sobia Rashid, G. Dastgeer, T. Kayani

引用次数: 10

Tunneling: Evidence from Family Business Groups of Pakistan 隧道:来自巴基斯坦家族企业集团的证据

Akron business and economic review Pub Date : 2018-06-10 DOI: 10.22547/BER/10.2.5

S. Hussain, N. Safdar

{"title":"Tunneling: Evidence from Family Business Groups of Pakistan","authors":"S. Hussain, N. Safdar","doi":"10.22547/BER/10.2.5","DOIUrl":"https://doi.org/10.22547/BER/10.2.5","url":null,"abstract":"This paper investigates a critical aspect of agency conflict between dispersed minority and majority (controlling) shareholders in firms affiliated with family business groups. Corporate governance literature indicates that majority shareholders can exploit minority shareholders through tunneling the resources for their benefit or they provide insurance through propping to group firms in distress. For years 2009-2013, the study uses a unique hand-picked data set of 290 non-financial (i.e. 177 family business group and 113 stand-alone or non-group) firms listed on Pakistan Stock Exchange (PSX). The study finds that majority shareholders expropriate minority shareholders by tunneling (transferring) important resources from low cash-flow rights firms affiliated with family business group. While measuring the sensitivities of firms to the industry earnings shocks, the empirical results reveal that about 15% resources of low cash-flow rights firms are tunneled to high cash-flow rights firms in family business groups. It is also confirmed that equity held by directors representing majority shareholders has negative relationship with earnings of minority shareholders in low cash-flow rights firms affiliated with family business groups. These findings have certain policy implications for governance related regulation development, diverse shareholders and firm management.","PeriodicalId":80398,"journal":{"name":"Akron business and economic review","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86446116","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: 19

The Determinants of Cash Holdings around Different Regions of the World 世界不同地区现金持有量的决定因素

Akron business and economic review Pub Date : 2018-06-10 DOI: 10.22547/BER/10.2.7

Ummar Aftab, A. Y. Javid, Waseem Akhter

{"title":"The Determinants of Cash Holdings around Different Regions of the World","authors":"Ummar Aftab, A. Y. Javid, Waseem Akhter","doi":"10.22547/BER/10.2.7","DOIUrl":"https://doi.org/10.22547/BER/10.2.7","url":null,"abstract":"This paper analyzes cash holding determinants around different regions of the world including Asia Pacific, Europe, Africa, North America, Middle East and South America. The sample consists of 5,957 companies from 47 countries grouped into six regions for the period from 2007 to 2016. Panel Generalized Method of Moments is applied to account for endogeneity in the independent variables. The study is conducted in two phases: in the first stage, model is run for all the companies where results of the analysis show that size, financial strength, investments and cash flows are positively and significantly related to cash holdings for the companies in the sample while leverage, dividend, intangibles, market to book ratio, profitability and net working capital have significant negative effect on cash holdings. In the second phase, model is run separately for each region. The results show deviations across the regions which indicate differences of institutional frameworks in different countries present in different regions of the world. The study is of immense importance for the international managers and academic researchers in analyzing cash holding determinants in different regions having varying institutional and governance settings.","PeriodicalId":80398,"journal":{"name":"Akron business and economic review","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77017791","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: 24

Exploring the links between Ethical Leadership and Organizational Unlearning: A Case Study of a European Multinational Company 探讨伦理型领导与组织遗忘的关系:以一家欧洲跨国公司为例

Akron business and economic review Pub Date : 2018-06-10 DOI: 10.22547/BER/10.2.2

Muhammad Usman, A. Hameed, S. Manzoor

{"title":"Exploring the links between Ethical Leadership and Organizational Unlearning: A Case Study of a European Multinational Company","authors":"Muhammad Usman, A. Hameed, S. Manzoor","doi":"10.22547/BER/10.2.2","DOIUrl":"https://doi.org/10.22547/BER/10.2.2","url":null,"abstract":"Organizational learning is viewed as a source of gaining a sustained competitive advantage for organizations. However, past research suggests that organizations do not necessarily learn constructive and ethical practices and behaviors; instead, organizational members can indulge in unethical and destructive behaviors such as bribery, nepotism and the manipulation of organizational resources for personal gains that impede organizational learning. Although literature has highlighted the importance of unlearning for enhancing organizational learning and gaining sustained competitive advantage, there is a paucity of work on how organizations unlearn destructive behaviors and practices. To fill this research void, this study building mainly on social learning theory, using a single case study as research methodology and collecting data using 40 semi-structured interviews, brought to the fore how two key aspects of ethical leadership – accountability and honesty – facilitate the unlearning of destructive and inappropriate behaviors and practices. The study carries important implications for the policymakers and managers concerned with the unlearning of destructive behaviors and obsolete practices","PeriodicalId":80398,"journal":{"name":"Akron business and economic review","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78006185","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: 14

Return Volatility and Macroeconomic Factors: A Comparison of US and Pakistani Firms 收益波动与宏观经济因素:美国和巴基斯坦公司比较

Akron business and economic review Pub Date : 2018-06-10 DOI: 10.22547/BER/10.2.1

Sharif Ullah Jan, Hashim Khan

{"title":"Return Volatility and Macroeconomic Factors: A Comparison of US and Pakistani Firms","authors":"Sharif Ullah Jan, Hashim Khan","doi":"10.22547/BER/10.2.1","DOIUrl":"https://doi.org/10.22547/BER/10.2.1","url":null,"abstract":"This study explores the effect of selected economic factors on stock return volatility along with asymmetry and leverage effects on comparative basis of the New York Stock Exchange (NYSE) and Pakistan Stock Exchange (PSX). These dimensions are further investigated with respect to size and age of the firms. The daily stock returns of all the firms on both NYSE and PSX and macroeconomic factors are considered for the period 2000–2015. The results from GARCH (1, 1) revealed that all the economic factors have proven their significance in determining the stock returns volatility in both the markets with respect to firm’s size and age. More precisely, a negative relationship is observed for market returns (MR), exchange rate (EXR), and oil returns (OIL) with stock return volatility for majority of the firms in both stock markets. Furthermore, risk-free rate (RFR) showed positive and negative effect on the stock return volatility of majority of the firms in NYSE and PSX markets respectively. However, with respect to size and age effects, firms in both the markets exhibited entirely different behavior for all the macroeconomic factors. Further, using EGARCH model, an evidence of asymmetry and leverage effect (with negative coefficient) is found in NYSE and partial evidence (both negative and positive coefficients) in PSX is observed. Again, these results vary with respect to firms’ features in both the markets. Therefore, the results of the current study clearly show that there are significant differences in both markets and the investors can diversify their investments and shape their liquidity positions in both markets in order to exploit the maximum benefits from the market and firms specific factors","PeriodicalId":80398,"journal":{"name":"Akron business and economic review","volume":"5 1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90153563","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: 4

Market Concentration, Risk-taking, and Efficiency of Commercial Banks in Pakistan: An Application of the Two-Stage Double Bootstrap DEA 巴基斯坦商业银行市场集中度、风险承担与效率:两阶段双Bootstrap DEA的应用

Akron business and economic review Pub Date : 2018-06-10 DOI: 10.22547/BER/10.2.4

I. Khan, Sadaqat Ali, H. Khan

{"title":"Market Concentration, Risk-taking, and Efficiency of Commercial Banks in Pakistan: An Application of the Two-Stage Double Bootstrap DEA","authors":"I. Khan, Sadaqat Ali, H. Khan","doi":"10.22547/BER/10.2.4","DOIUrl":"https://doi.org/10.22547/BER/10.2.4","url":null,"abstract":"Efficiency analysis is a vital part of prudent management practices across the banking industry, yet there is only sparse literature examining bank efficiency, especially in Asian developing countries and using a comprehensive methodology. This study aims to analyze bank efficiency in a South Asian developing country, Pakistan, for the period 2007 to 2014. Borrowing a technique from Simar and Wilson (2007), this study applies two-stage data envelopment analysis (DEA) with double bootstrapping. Our results reveal that private banks are more technically efficient than government banks; conventional commercial banks precede Islamic commercial banks in efficiency, and large banks are more technically efficient than small and medium-size banks. Moreover, the results indicate that market concentration, capital risk, credit risk, and liquidity risk have significant effects on the overall efficiency of banks. This study provides an important opportunity to advance the understanding of bank efficiency, market concentration, and risk complications in developing countries and gives insightful directions to researchers and financial institutions.","PeriodicalId":80398,"journal":{"name":"Akron business and economic review","volume":"24 24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88700744","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: 8