ALBERT

All Library Books, journals and Electronic Records Telegrafenberg

feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    Publication Date: 2018-12-06
    Description: The current research aims to investigate the influence of board effectiveness and firm performance on CEO compensation within the context of developing economy of Islamic Republic of Pakistan. The study uses Partial Least Square (PLS) based Structural Equation Modeling (SEM) Technique to draw the inference using PLS Graph Version 3.0. It uses Karachi Stock Exchange (KSE)-100 index companies as a sample for the period of five years 2007-2011. Before analyzing the structural model the validity and reliability of the model is confirmed through bootstrapping technique and variance inflationary factor respectively. The structural model results reveal that board effectiveness has negative influence on CEO compensation. Opposite to agency theory and current studies from developed countries, we have found a negative association between the firm performance (firm value and firm profitability) and CEO compensation. These results are due to different business environment of Pakistan and poor corporate governance structure. So, it is concluded that board of directors of Pakistani companies are not that much effective to facilitate the objective determination of CEO compensation and failed to design such contracts which can link the CEO pay with firm performance. Our results also support the international literature that firm size is the major determinant of CEO compensation. Most of the previous studies have been conducted with reference to developed economies so we need to know the procedure through which the corporate managers in developing economies are compensated. The unique characteristics of Pakistani business environment like concentrated ownership, family owned businesses and poor governance structure make it interesting to study this issue. Moreover, unlike developed economies the CEO compensation does not include stock options as a part of the total compensation representing the difference in CEO compensation contracts with respect to developed economies and developing economies. So, current study makes a valuable addition to the available literature by investigating the issue within the context of unique business environment of Pakistan.
    Keywords: ddc:330
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 2
    facet.materialart.
    Unknown
    Lahore: Johar Education Society, Pakistan (JESPK)
    Publication Date: 2018-12-06
    Description: Knowledge sharing is not only the requirement of professional lives but it has proved its importance in daily lives as well. This study particularly addresses the behavior of knowledge sharing in online world. Therefore, this study explores the influence of demographic factors on the online knowledge sharing behavior in the sample of 319. In order to check the possible differences in the means of different demographic factor groups, this study applied independent sample t-test and one way analysis of variance (ANOVA). These findings are significant since they provide a better insight to the indifferent role of demographic diversity of students when it comes to online knowledge sharing as a result of online social interaction. This study can find many utilities regarding the course contents and online study plans in educational institutes and personnel screening of human resource in organizations.
    Keywords: ddc:330 ; online knowledge sharing ; demographic diversity ; online social orientation
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 3
    facet.materialart.
    Unknown
    Abuja: The Central Bank of Nigeria
    Publication Date: 2016-06-10
    Description: This paper examines the impact of real effective exchange rate misalignment on economic growth in Nigeria using an annual data spanning 1960 to 2011. The augmented growth model was estimated using purchasing power parity (PPP) and generalized method of moment (GMM) approaches. Through series of iterative processes, it was observed that it will take four years for the exchange rate to revert back to equilibrium. The result from the PPP approach shows that the period of flexible exchange rate regime is characterized by a relatively lower real exchange rate misalignment over time compared with the fixed exchange rate regime. The GMM estimate reveals that real exchange rate misalignment has negative but significant impact on economic growth over the period under consideration. In view of the findings, the study recommends appropriate exchange rate to minimize the problem of exchange rate misalignment and to ensure sustainable economic growth over time.
    Keywords: O40 ; F31 ; ddc:330 ; Effective Exchange Rate ; PPP ; Misalignment ; GMM ; Flexible and Fixed ; economic growth
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 4
    Publication Date: 2018-03-23
    Description: Background: This study aims to investigate the extent to which the conditional volatilities of both Shari'ah compliant stock and conventional stock are related to those of interest rate and exchange rate in the emerging economy of Pakistan. Methods: We used KMI 30 and KSE 100 indices for Islamic and conventional stock for the period of July 2008 to November 2013. We employed Generalized Autoregressive Conditional Heteroskedastic in the mean (GARCH-M) model. This framework relaxes constancy assumption of classical linear regression (CLRM) model and allows exchange rate and interest rate volatility to evolve over time. The GARCH-M framework also reveals results about risk-return trade-off in the context of both Islamic and conventional stock indices. Results: The findings show positive and statistically significant effect of interest rate volatility on KSE-100, whereas KMI-30 remains unaffected by the same. Exchange rate volatility is found to be significant for both conventional and Islamic indices. The relationship of risk coefficient (Ú) and stocks returns, as expected, is positive and statistically significant for both KMI-30 and KSE-100. This result is consistent with the theory of risk-return trade-off. The results of parametric t-test show significant difference between returns of both indices. This implies that Shari'ah compliant stock index (KMI-30) of Pakistan underperforms its conventional counterpart. Conclusion: By using different performance measures (Sharp ratio, Jensen alpha, Treynor ratio), this study also investigates the hypothesis that Islamic stock index has inferior performance compared with unscreened conventional counterparts due to availability of a smaller investment universe, increased monitoring costs, and limited diversification.
    Keywords: ddc:650 ; KMI-30 ; KSE-100 Index ; Shari&#x2019 ; ah ; Exchange rate volatility ; Interest rate volatility ; Stock Performance etc
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 5
    Publication Date: 2019-04-03
    Description: In this study, we focused on analysing and differentiating the determinants of conventional insurance and Tak¯aful demand across ASEAN and Middle East Regions. We used panel data econometrics on a sample of 14 Asian countries having both conventional insurance and Tak¯aful over the period 2005-2014. We applied fixed and random effect regression models to assess the impact of macroeconomic and demographic factors on conventional insurance and Tak¯aful demand. Income and financial sector were found to have significant positive impact on insurance demand across all regions. On the other hand, dependency ratio was found to be negatively affecting Tak¯aful demand across all regions while inflation shows positive impact. Urbanization was found to be significant positive impact on both conventional insurance and Tak¯aful demand. Financial sector development positively triggers the insurance and Tak¯aful demand across ASEAN region, while it triggers conventional insurance demand only in Middle East Region. Education shows negative impact on Tak¯aful demand across both regions while it shows positive impact on insurance demand in Middle East. The study recognises the key role of urbanization and education in creating awareness to enhance Tak¯aful demand in large populated countries of ASEAN and South Asia.
    Keywords: G15 ; G22 ; J11 ; N45 ; O18 ; ddc:330 ; Tak¯aful (Islamic Insurance) conventional insurance ; middle east ; ASEAN
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 6
    Publication Date: 2019-04-03
    Description: Microfinance is an emerging concept which is improving the socioeconomic status of customers. This study assesses customer satisfaction of clients of Islamic and conventional microfinance providers using a sample of 578 clients i.e. 289 from each side. Akhuwat and Kashf (Islamic microfinance) and RCDS and DAMEN (conventional microfinance) are selected. The correlation, regression, ANOVA, and interaction tests are used for testing the relationship of Shari'ah perception as moderator between service quality and client satisfaction. The results indicate that Shari'ah perception acts as a strong moderator in case of Islamic microfinance whereas it is a weak moderator in case of conventional microfinance. The study concludes that Shari'ah perception is playing a vital role in enhancing the customer satisfaction in Islamic microfinance. It has important implications for policy-makers and Islamic microfinance providers to design Shari'ah awareness programs to enhance the Shari'ah perception of low income population.
    Keywords: G20 ; G21 ; G29 ; N35 ; ddc:330 ; CMI (conventional microfinance institutions) ; IMI (islamic microfinance institutions) ; MFP (microfinance providers) ; SQ (service quality) ; SP (Shari&#x2019 ; ah perception) ; CS (client satisfaction)
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 7
    Publication Date: 2019-04-03
    Description: This study investigated the impact of Muslim Holy Days on daily stock returns of Asian financial markets for a period of 2001-2014. These markets include Pakistan, Bahrain, Saudi Arabia, and Turkey. The study has tried to isolate the effect of Gregorian calendar anomalies from Muslim Holy Days to certify that the documented effect is actually a result of Muslim Holy Days rather than Gregorian calendar anomalies. Pooled fixed/random effect Panel Regression is used to check the underlined effect. The results reveal that Eid-ul-Fitr is the only Holy day, which has significant positive effect on stock returns of Asian markets, while all other Holy Days have no effect. Friday is the only Gregorian calendar anomaly, which exists in Asian markets. These results provide support to the fact that both Islamic and Gregorian calendar anomalies exist in Asian markets.
    Keywords: G02 ; G14 ; Z1 ; ddc:330 ; gregorian calendar anomalies ; market efficiency ; Holy Days ; religion ; Asian stock markets
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 8
    Publication Date: 2018-12-06
    Description: Considering the importance of knowledge sharing in personal and professional life, this study focuses on behavior of knowledge sharing in online world. Henceforth, it explores the effect of different individual aspects like personality traits, engagement in online social networking sites and online community of practices on the online knowledge sharing behavior. In order to attain the goal of measuring the relationships, this study attempted a simultaneous multiple regression analysis technique to check their effect on online knowledge sharing behavior. One of the important and major contributions of this study is that the engagement of individuals in online social networking sites and online community of practices plays a very vital role in their online knowledge sharing behaviors in Pakistan. These findings are significant since they provide a better insight to the behavior of students when it comes to online knowledge sharing as a result of online social interaction. This study can find many utilities regarding the course contents and online study plans in educational institutes and personnel screening of human resource in commercial organizations.
    Keywords: ddc:330 ; online knowledge sharing ; online community of practices ; online social networking sites
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 9
    Publication Date: 2018-12-06
    Description: This research aims to empirically examine the influence of ethical leadership on innovative work behavior by focusing on meaning; self-efficacy; self-determination; and, self-impact as individual-level psychological mediators of the proposed relationship. Present study used a sample of 508 researchers working in ten government research institutions of Pakistan. To analyze data for this cross-sectional study PROCESS, an addon to SPSS was used. The study reveals significant positive influence of ethical leadership on innovative work behavior that was partially mediated by meaning; selfefficacy; self-determination; and, self-impact. The results are noteworthy as providing deeper insight of ethical leadership and innovative work behavior relationship via examining individual-level psychological mediators. Particularly, these findings are valuable for public sector practitioners who want to understand basic psychological processes for encouraging innovative work behavior of followers. Furthermore, present empirical research will assist scholars focusing on individual level outcomes of ethical leadership.
    Keywords: ddc:330 ; ethical leadership ; innovative work behavior ; meaning ; self-efficacy ; selfdetermination ; self-impact
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
  • 10
    facet.materialart.
    Unknown
    Kiel: Kiel Institute for the World Economy (IfW)
    Publication Date: 2013-08-16
    Keywords: ddc:330
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:conferenceObject
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
Close ⊗
This website uses cookies and the analysis tool Matomo. More information can be found here...