Journal of Management Research (JMR)
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POST-COVID-19 PANDEMIC TURNOVER INTENTION OF NURSES AND THE ROLE OF JOB-EMBEDDEDNESS
No full textA catastropheinstigatedas a result of COVID-19 epidemic influenced the entire world and left enduring effects on virtually every aspect of the society. This research study examines nurses’ turnover intention in the post-COVID19 period and the effect of job embeddedness on it. Data is gathered based on an anonymous self-administered survey from nurses employed in large tertiary care providing hospital in 2022 in Peshawar, Pakistan. A total of 178 observations are analyzed through PLS-SEM path modeling using SmartPLS version 3.0. Results indicate turnover intention to be well below average and a significant negative effect of job embeddedness on turnover intention of nurses. Job tenure is also found to be negatively associated with nurses’ turnover intention. The findings thus indicate that despite the relatively detached period, on-the-job embeddedness can reduce the turnover intention of nurses and that as tenure increases the intention to quit the current job decreases. The findings of the study imply that job embeddedness can help retain employees in the context of a period followed by social distancing and detachment. Managers must continuously make a concerted effort to enhance job fit, build building positive relationships among employees, and encourage them to build a strong social network.
Keywords: Turnover Intention, On-the-job Embeddedness, Post-COVID-19, Nurses, Peshawar, PLS-SE
Home bias and investor investment decision: A case of developing country
No full textThe key objective of the study is to investigate the impact of home bias and stock market psychology on individual investment decisions in the Islamabad and Lahore Stock markets. Further, the study investigates how these individuals perceive their investment decision in light of the impact of home bias and stock market psychology. Using the survey-based methodology the current study used descriptive statistics, correlation, and logistic regression techniques to achieve the research objectives. The findings of this study show that the impacts of home bias along with its sub-variables and stock market psychology have a significant positive impact on individual investment decisions in Islamabad and Lahore Stock markets. The results would be significant for Pakistani stakeholders as they seek to link practices and consequences. Pakistani stakeholders will understand better the role of the impact of home bias and stock market psychology on individual investment decisions in Islamabad and Lahore Stock markets and its impacts on stock market performance. This could lead to changes in stock market trading practices to achieve the desired rate of return from their investment in stock markets. 
Impact of Working Capital Management Policies on Financial Performance of Textile Sector: Evidence from Pakistan Stock Exchange
Get PDFThe study aims at empirically explore the impact of working capital management (WCM) policies on firms performance of most notable and influential sector of textile firms listed in Pakistan stock exchange (PSX). Non-financial sector contributes 13.5% in GDP of Pakistan while textile sector is a major part of this contribution in terms of socio-economic growth in the country. A balanced panel data of 74 Textile sample firms listed on PSX covering the period of 2011-2016 is used for analysis through fixed effect panel data regression approach. The empirical results indicate that adopting a conservative investment policy & aggressive financing policy has a positive impact on firms performance and inventory turnover in days( ITID), average collection period (ACP), SIZE & financial leverage (FL) have negative and significant impact on firms performance whereas, cash conversion cycle (CCC) has positive and significant impact on performance. Finally, average payment period (APP) has negative but insignificant impact on firm’s performance. By validating the findings with previous researches, this endeavor may contribute to the existing literature and may be beneficial to the academicians, investors; managers and policy makers while the study present recommendations that in turn bring improvements in the performance of sample firms
THE IMPACT OF CORPORATE GOVERNANCE BOUNDARIES ON INVESTMENT EFFICIENCY: EVIDENCE FROM PAKISTAN
No full textThis study has made an attempt to identify the potential impact of Corporate Governance Boundaries (CGB) on the corporate Investment Efficiency (IE) among the listed companies in the Pakistan Stock Exchange (PSX) having active subsidiary firms. The objective of the research is broadening the horizon in investment efficiencies for better economic development. Pakistan is a developing economy with higher turbulence in both internal and external environments, continuously affecting the decisions of the corporate sector to extend their governance boundaries and investment efficiencies. Thus, the financial data of 22 listed companies with PSX published during the past 10 years (2010-2019) have been considered for the identification of impacts of CGB on the IE by using Panel regression test. The results have shown that CGB significantly improves the efficiency of investment, moreover, it also identifies the potential role of debt constraints. The role of debt constraints is evident as positively related to corporate governance and investment efficiency in the relevant literature. The debt constraints have correlation with CGB and IE as the financial institutions have been more confident of advancing their services to an organization. An increase in debt helps in improving investment efficiency with the expansion of CGB
Agency Banking and Financial Performance of Conventional and Islamic Banking Industry in Pakistan
No full textPurpose – The primary aim of the prevailing investigation is to illustrate the contribution of agent banking in the profitability of conventional banking and Islamic banking industry of Pakistan.
Methodology – The study utilizes an overall population for the analysis. The study utilizes the profit of Conventional Banking and Islamic Banking as an indicator of profitability. Secondary data was collected for Conventional Banking and Islamic Banking from compendium reports and further for explanatory variable of accessibility of services, market share, and transaction cost of agent banking are taken from the Branchless banking newsletter reports published by state bank of Pakistan. The study used ADF test for checking stationary of data, for testing the co-integration among variables Johansson co-integration test was applied, for testing short and long term association the VECM was used and for checking the directional causality Granger causality test has been used.
Findings – ADF test reveals that all variables are stationary at first difference. Based on the results of ADF test, the study applies Johansen co-integration test; which demonstrates that there is co-integration between the variables, which drives the study to adopt the VECM (vector error correction model) for further investigation of both short run as well as long run equilibrium. The results outline that there is long-run and short-run association exist between the profit of Islamic banking and Conventional Banking industry in Pakistan. Granger causality test shows, the directional causality. The variables predict unidirectional causality. There is a positive and significant association between accessibility of agent banking (number of account), market share industry of agent banking (agent banking volume of deposit), transaction cost of agent banking (value of agent banking) and agent banking (volume of transaction) with profitability of Conventional Banking and Islamic Banking industry in Pakistan. The study reveals that agent banking is contributing more than Islamic Banking due to the fact, that Conventional Banking has more resources and market share than Islamic Banking.
Originality – In Pakistan Meezan bank offer agency banking, which is an Islamic bank and the other nine agent banking products offered by the commercial banks in Pakistan, is the reason that prevailing study is focusing on Islamic banking as well as conventional banking. No research has been conducted on agent banking in Pakistan in general and comparatively analyzing the same agent banking in Islamic Banking and Conventional Banking. In Pakistan Rauf, Qiang, & Mehmood, (2014) assert that online banking is a determinant of the profitability of the banking sector in Pakistan. Kamboh & Javaid Leghari (2016), also confirm the contribution of agent banking (cashless banking) in the profitability of banking Pakistani banking sector. The current study focuses on the influence of agent banking on the profitability of conventional banking as well as Islamic banking with a view to fill the gap that how much an agent banking market share, accessibility of services and transaction cost does effect the profitability of banks in both Islamic and conventional portfolio
Policy implementation –The goal of the study is to evaluate the effect of agency banking, transaction cost, market share, and service accessibility on the Profitability of conventional banking and Islamic Banking of Pakistan. This study is extremely beneficial to management since the findings will assist and enable management to develop strategies to further improve branchless banking in order to optimize profit and Financial performance in the banking industry. The study's findings aid legislators and regulatory authorities, such as the State Bank of Pakistan (SBP), in creating and governing effective Branchless Banking in Pakistan. This research adds to the body of knowledge on the impact of agent banking on financial performance in Pakistan's banking system.
Key Words: Agency Banking, VECM, Islamic and Conventional Banks, Branchless Banking
Government Tax Revenue Composition and Economic Growth: Empirical Evidence from South Asian Countries
No full textThis study aims to investigate the effect of government tax revenue composition on economic growth for seven South Asian Countries over the period 2001 to 2018. The study employed the Pooled Mean Group method as an analytical technique. The empirical results exhibit that the human capital, political stability, gross capital formation, and labor force have significant impact on GDP growth. Taxes on goods and services (TGS) and income have an adverse effect, while custom duties (TM) and other taxes (OT) have positive and important consequence on GDP growth but only in the long-term. The tax on international trade (TIT) has positive impact in long term, whereas it has a negative effect in short term. Therefore, this study concludes that tax composition and political stability are more beneficial for all developing Asian countries and recommend to focus on custom duties, other taxes and tax on international trade to raise the tax revenue.
Keywords: Tax revenue; political stability; economic growth
JEL Codes: H2; H3; N4
An Efficient Model for the Selection of Leadership Competencies and Performance Improvement for the Success of Transportation Projects
No full textInfrastructure development always play important role in socio- economic growth of Pakistan. Project completion and success is dependent on the leadership competencies. Leadership competencies of a project manager are influencing the team for completing any project with success. The purpose of this study is to investigate the influence of project managers’ leadership competencies in light of theory explaining “The Competency School of Leadership” coupled with specific project types on project success outcomes for transport infrastructure projects. A structured questionnaire was conducted to collect data through purposive sampling from individuals that are currently working in recently completed projects in the transport infrastructure development of Lahore. A total of 152 useful responses were returned. Findings obtained using moderated regression analysis using Andrew Hayes ‘process’ technique suggest that leadership competence of project managers is insignificant for successful completion of the projects.. Results suggest that the project managers are effectively executing their leadership competencies that can help them in successful completion and delivery of projects. Moreover, it has been found that project managers that are working on infrastructural development are exhibiting effective leadership competencies that are significant for the successful completion of projects across industries.
 
Pattern of Shareholding and Leverage: Context of the Energy Sector of Pakistan
No full textThis paper attempts to empirically test the impact of shareholding pattern using ownership concentration and managerial ownership as proxies of pattern of shareholding, on capital structure of energy sector firms listed at Pakistan Stock Exchange (PSX) during period 2008 – 2018. We use ordinary least square (OLS) and system generalized method of moments (SGMM) to estimate our results to ensure robustness and to control for the potential endogeneity bias. Our results suggest that ownership concentration leads to higher debt ratio, whereas, managerial ownership leads to lower debt ratio. Our findings can be helpful for the policymakers to devise policies to separate the ownership and control from management to protect the rights of the minority shareholders. 
The impact of social safety nets on the livelihood during COVID-19
Get PDFThis article is about the comparative analysis and social performance of social safety nets programmes of Pakistan. The article discuss operating safety nets programmes with details i.e. Benazir income support programme (BISP), Ehsaas Emergency Cash Transfer programme and other programmes. It is found that BISP, Ehsaas Emergency Cash Transfer programme and others programmes of Social Safety nets have positive social and economic impacts on the poor. It is found that Ehsaas cash transfer and BISP have played important role in protection of the livelihood during pandemic crisis. About 99 percent of the beneficiaries respond that social safety nets programmes for the poor and middle poor during crisis played important role in their life, it’s protect their livelihood, health, education, food and also poor people started small business with the help of BISP cash. About 33 percent of the beneficiaries have their own land, 7 percent have livestock, while 82 percent of the beneficiaries have their own homes. About 91 percent of the beneficiaries’ children are enrolled in school because of the BISP. According to the 52 percent beneficiaries respond that there is corruption between beneficiaries and retailers, 50 percent people respond that there is lack of facilities of cash receiving. While 65 percent of the beneficiaries said that political attitude toward current social protection programs are negatively. I concluded that social safety nets programs during Crisis COVID-19, the poor were protected and supported their livelihood
Effect of Country Level and Industry Level Factors on the Performance of Life and non-Life Insurance Sector: Evidence from Pakistan
No full textThis study uses a panel data set of 44 insurance companies operating in Pakistan including both conventional and Islamic during the study period of 2011 to 2020 to analyses the key factors of profitability in the insurers. The most appropriate model for this study used like fixed effect and pooled OLS model as determined. The results of the pooled OLS and fixed effect model show that insurance-specific and macroeconomic factors such as leverage, business risk, and inflation rate are negative but have a considerable impact on insurance sector profitability. In additions, Size have a positive and statistically significant impact on profitability. The study's factors of liquidity and growth rate and population rate are insignificant factors of the study. The insurers must focus on the significant determinates of the study to make decision about the firms