165 research outputs found
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Role of Credit Information Sharing and the Funding Cost of Banks: Evidence from the Top Ten “AA Rating” Commercial Banks of Pakistan
Get PDFPurpose - The objective of the study is to investigate the relationship between the credit information sharing and the funding cost of banks of the top ten “AA rating” commercial banks of Pakistan as the Commercial banks also play a significant role in the economy of every country.
Design/Methodology - In this study, panel data were analyzed from 2011 to 2017. We selected the top ten “AA rating” banks from Pakistan credit rating agency (PACRA) website, and data related to another related variables are obtained from financial statements of the respective banks. Generalized Method of Moments (GMM) statistical technique was employed to measure the relationship among related variables.
Findings - The result of the study shows that there is a negative and significant relationship between credit information sharing, operation efficiency, and funding cost. On the other side, profitability has a positive and significant relationship with the funding cost of the bank.
Practical Implications - To manage the funding cost policymakers must focus two key findings which are credit information sharing and operational efficiency of bank and set up a credit information sharing institutions which help to reduce information irregularity and ultimately manage the funding cost of the banks
Assessing the Impact of Work Environment on Employee Engagement among Non-Academic Staff of the University
Get PDFAim of the Study - The objective of this study was to access the impact of work environment on employee engagement among the non-academic staffs of the university in Nigeria. Social exchange theory (SET) was utilized in developing the research framework.
Methodology - A total of 150 non-academics staff from l University, representing a response rate of 63.3% participated in this study. Data were collected through a self-administered questionnaire. The correlation and the hypothesis were tested using the statistical package for social sciences (SPSS 2.0). The Cronbach’s Alpha value for the variables ranging from 0.724 to 0.804 indicates very good reliability of the research instrument.
Findings - The findings indicate a moderate relationship between the work environment and employee engagement, and the hypothesis is not supported.
Practical Implications - The study will provide direction to both the management and the university staff for them to proactively focus on providing a healthy and comfortable working environment that will boost engagement, which lead towards enhancing the performance of university staff, and also the university administrators in various ways
The Relationship between Real Earnings Management and Cost Behavior
Get PDFPurpose- This research aims to examine the relationship between real earnings management (REM) and sticky Selling General and Administrative (SG&A) costs in the case of a developing economy.
Design/Methodology- The study employed a purposive sampling method. Fifteen firms listed on Ghana stock exchange were selected for the study. Data from the period of 2005 to 20014 were collected.
Findings- The study finds Ghanaian listed firm\u27s SG&A cost to be sticky and also see these firms to manipulate earnings through REM. This study finds that REM through discretionary expenses and production cost increases sticky SG&A cost, whereas REM through cash flow reduces sticky SG&A cost. Overall, the results imply that REM exhibit sticky cost.
Practical Implications- The study informs managers that cost is not only fixed or variable but also behaves asymmetrically. The understanding of this concept could help managers to implement strategies that will lower the cost of doing business. Also, since some managers deliberately make decisions that lead to real earnings management and sticky cost, we, therefore, believe that this research will be of importance to regulatory bodies, policymakers, investors, and other stakeholders
Peer effects, Financial Decisions and Industry Concentration: A review
Get PDFPurpose- This article reviews literature related to peer effects and different financial decisions. It further summarizes the theory and motives that drive peer effects. Also, the study highlights the influence of industry concentration on peer interaction in financial decision making. This content analysis of scantily available peer effect literature has been performed to highlight the significance of peer effects in financial decision making like investment, cash holding, leverage and many more. Most of the existing peer effects literature focuses on the U.S. However, peer effects also occur in other countries but empirical evidence is comparatively limited. But, managers may take into consideration their industry peers especially if their firms are operating in highly competitive environments.
Design/Methodology- Content analysis approach is applied to review prevailing financial literature on peer interactions and financial decisions with a special focus on industry concentration in explaining the peer effects.
Practical Implications- As the prime focus of managerial decisions is to maximize the firm’s value. Hence, information about peers would be helpful in making better decisions, especially in highly competitive environments. Also, this review of selected literature provides pathways for future research in investigating the motives of peer effects
The Impact of Regulatory Capital on Risk Taking By Pakistani Banks: An Empirical Study
Get PDFObjective - The objective of this study is to examine the relationship between capital regulation and risk-taking by the banks of Pakistan.
Design - This study was conducted on all the commercial banks of Pakistan and data were collected from the year 2005 to 2016.
Findings - This study concluded the significant positive relationship between regulatory capital and risk-taking by banks in Pakistan. The findings of this study play a key role in the implementation of capital regulations in the banks of developing countries.
Policy Implications - In the light of this study, the regulators must revise their implementation process of the Basel Accord capital regulations in the banks of developing countries. The prime intention of regulators are only on to maintain the minimum capital ratios but must be conscious of other important elements of capital regulation implications.
Originality - This study is one of the first attempts that investigated the crucial role of regulatory capital towards risk-taking in the Pakistani context
The Moderating Effect of Institutional Ownership on Intellectual Capital and Financial Performance of Listed Conglomerates
Get PDFPurpose - The study aims to examine the moderating effect of institution on the relationship between intellectual capital on the financial performance of conglomerates in Nigeria
Design/Methodology - correlational research design which is based on historical data extracted from annual report and accounts of the sample firm on NSE. Firms were chosen based on censor sampling method. Eleven years of financial data were used. Multiple regression analysis was employed to analyze the data extracted.
Findings - The results from pooled ordinary least square regression (OLS) and Fixed effect revealed that intellectual capital indexed by a value-added intellectual coefficient (VAIC) has a positive and significant impact on financial performance indexed by return on asset (ROA) of listed conglomerate firms in Nigeria. Furthermore, the interaction effect of institutional ownership was found to be positive and significant
Practical Implications - The study recommends that institutional shareholders should invest more in shares of listed conglomerate firms in Nigeria and that management should recognize the effort and understand the importance of intellectual capital toward improving firm performance
The Relationship between Ownership Structure and Capital Structure: Evidence from Chemical Sector of Pakistan
Get PDFObjective – The main objective of this study is to measure the relationship between ownership structure and capital structure by using the chemical sector of Pakistan.
Design – This study is used the panel data and retrieved from the annual reports of the chemical sector of Pakistan for the time period of 2012 to 2017.
Findings – The finding the statistical analysis shows that ownership structure has a significant positive relationship on capital structure. Which mitigate the agency conflicts among managers and shareholders, because the majority of the shareholders would like to have a higher level of debt over equity financing.
Policy Implications – The findings of this study also can be helpful to the policymakers, investors and financial institution in designing ownership structures and financing decisions for firms.
Originality – This is the first study that examined the relationship between ownership structure and capital structure in the context of the chemical sector of Pakistan
Factors Limiting the Full-scale Adoption of Process and Product Innovation in the Nigerian Construction Industry
Get PDFPurpose- The aim of this study is to assess the factors limiting the full-scale adoption of process and product innovation by construction organizations in Nigeria with a view to suggesting probable ways of eliminating them
Design/Methodology- The study adopted a questionnaire survey approach in which data were collected from the participants using simple random sampling techniques in the study area. Frequency, percentage, mean item score, and Independent sample T-test was used to analyze the gathered data.
Findings- It was found that poor funding, poor support and commitment from management, fragmented nature of the construction business, poor coordination and communication among project participants, lack of qualified and experienced staff and the unwillingness of clients to pay for innovative ideas are the factors limiting innovations in construction.
Practical Implications- The outcome of this study will give the management of construction-based organizations an insight into the major limiting factors of innovation, so that appropriate strategies for overcoming them could be developed at the conception stage of construction projects
Contribution of Job Nature on Leadership Style among Academia
Get PDFPurpose- Effective leadership practices in schools are only possible while headmaster and teachers adopt suitable leadership styles. The main purpose of this study is to identify the leadership styles as well as determine the association of democratic, autocratic and laissez-faire leadership style with each other among school teachers.
Design/Methodology- This study is based on post-positivist research philosophy and cross-sectional survey as the research design which is confirmatory and explanatory in nature. It gathered the data via self-administer questionnaire from 345 school teachers and analyzed through descriptive statistics and parametric test.
Findings- The researcher derived that school teachers adopted a more democratic leadership style and gave least prefer to the laissez-faire leadership style in schools. Meanwhile, the lacking of equal facility and access to power exercise contributes to making significant differences in leadership styles across the job nature of school teachers. Furthermore, this study assess that there is no relationship between autocratic, democratic and laissez-faire leadership styles. These distinct styles of leadership may develop the differences in work performances of school teachers.
Practical Implications- This research provides the framework for another future researcher to investigate the input of job nature on leadership style among school teachers
Influence of Age group on Job Satisfaction in Academia
Get PDFPurpose - Job Satisfaction (JS) has seen an upsurge concern in the arena of school management and it is highly associated with the age groups of school teachers. Thus, this study focused to ascertain the level of JS and examine it via age groups of school teachers.
Design - The scholar applied a cross-sectional survey design in post-positivist paradigm. The data were amassed from 345 school teachers of a cluster via self-administer questionnaire and analyzed with descriptive statistics and ANOVA test. In the meantime, social exchange theory was employed to scrutinize the results.
Findings - This study found that the school teachers expressed moderate satisfaction in the job. Likewise, the age groups significantly influence the JS among school teachers. More specifically, the senior age group teachers expressed more satisfaction in the job than other groups of the teacher. Subsequently, these job satisfied teachers contribute to more job commitment, effectiveness and work performances in the school. Furthermore, JS facilitates school to achieve elevated academic success.
Implications - The study endows with the concrete approach for other forthcoming scholar to explore the contribution of age groups on JS among academia.