Institute of Business Management, Karachi, Pakistan: Journal Management System
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THE RELATION OF MUSIC PREFERENCE AND PERSONALITY TYPE
Get PDFThe study attempts to examine the relationship betweenmusic preferences and personality types. Sample was drawnconveniently from the universities of Karachi (N = 70, respondentswere between the ages of 18 to 35 years). Music preferences wereassessed through the administration of The Short Test of MusicPreferences by Rentfrow & Gosling, (2003) and Big Five Inventoryby John & Srivastava, (1999) was used for assessing the personalitytypes. To find out the relation between these two variables Pearsonproduct moment correlation was calculated through SPSS 18.0
ESTIMATION OF AGGREGATE CONSUMPTION FUNCTION FOR HIGH INCOME COUNTRIES
Get PDFAggregate Real Private Consumption (ARPC) is one of themajor components of the Gross Domestic Product (GDP) thatcontributes to specify any economy’s long term living standards. The contribution of ARPC stands on average around 55%. It is therefore important to understand the components of consumption, which is almost more than half of the aggregate economic expenditure. The study is an attempt to make a case for developing countries to bring policy level changes in order to determine the consumption pattern of developing countries’ GDP. Using an appropriate empirical model, the study investigates the validity of Permanent Income Hypothesis (PIH) and Absolute Income Hypothesis (AIH) on ARPC for selected developed economies. The results of the study reveal that the importantdeterminants of ARPC in the long-run are real GDP and wealth, while in the short-run they are real interest rate and unemployment rate
JOB SATISFACTION AND TURNOVER INTENTIONS AMONG COLLEGE FACULTY IN GILGIT-BALTISTAN, PAKISTAN
No full textThe aim of this research is to identify job satisfaction as apredictor of turnover intention among public and private sectorcollege faculty in Gilgit-Baltistan, Pakistan. A total of 100participants (59 males & 41 females)belonging to public (n = 34)and private (n = 66) institutions participated in this study. It washypothesized that college faculties’ reported job satisfaction anddemographic variables would predict their turnover intentions inGilgit-Baltistan, Pakistan.Job satisfaction Scale (Spector, 1985) andTurnover Intention Scale (Olusegun, 2013) were used to collect data.Results showed that job satisfaction was significantly associated withfaculty turnover intentions. Single participants have significantlyhigher level of turnover intention as compared to marriedparticipants. Participants from the private sector reported higherlevel of turnover intention as compared to participants from the publicsector. Hierarchical regression analysis indicated that jobsatisfaction, marital status, and jo
Role of Starting School Age in the Academic Performance at the Tertiary Level
Get PDFThe purpose of this research was to find out whether starting school earlier than four years of age gave any academic benefit to the students in the long run. This research aimed to find out whether the students who started schooling earlier than four years of age are able to achieve better grades and are better at self-regulation at the tertiary level. For this purpose, a sample of 108 students from a private business school comprising both early and late school starters were made to fill in questionnaires reporting their school starting age, their CGPA and answering questions that showed their level of self-regulation. The findings of this study suggest that there is no difference in the academic performance of the two groups, both in terms of their CGPA and their self-regulation skills
Technical and Vocational Education and Training for Economic Growth in Pakistan
Get PDFThis discussion paper aims to highlight the existing scenario of Technical and Vocational Education and Training (TVET) for the economic growth in Pakistan. It specifically analysis the status of vocational training, related policies and practices with reference to the 18th Amendment, which abolishes the concurrent list and grants more provincial autonomy in the matters of education. Article 25A of the Constitution of the Islamic Republic of Pakistan (iv) states that the provinces should set priorities for access and quality education based on the provincial needs and develop action plans for its actualization. A developing country like Pakistan needs to devise a systematic, well thought and sophisticated policy for TVET; therefore, this paper proposes a policy following the simple framework of input, process and output. The inputs are predominantly focused on highlighting and matching demand and supply of the TVET. The process thoroughly discusses both the formal and informal education arrangements. Finally, the outputs are deliberated in the form of economic effects such as the manpower structures, technological development, manpower quality and economic behavior leading to the ultimate goal of economic growth and development of the country
TRAINING AND DEVELOPMENT DEPARTMENT IN ACTION
Get PDFThe Importance of training and development practices cannotbe denied. It is a well established fact that these practices contributesignificantly in the enhancement of the bottom line benefits oforganizations either financial or non-financial. The dynamism ofenvironment has brought new challenges for organizations. To copeeffectively with these challenges, organizations have established T&Ddepartment with the pivotal aim of developing and fostering humanskills and intellectual capital. This paper attempts to highlight theimportance of T&D practices and critically reviews the existing T&Ddepartment models. Another characteristic feature of this paper isthat it not only reviews the existing T&D department models developedby previous researchers, but also suggests an integrative perspectivebased on the commonalities of previously available models. In theend, certain theoretical and practical implications are discussed
THE IMPACT OF MUTUAL FUND’S CHARACTERISTICS ON MANAGEMENT EXPENSES – EVIDENCE FROM PAKISTANI MUTUAL FUND INDUSTRY
Get PDFMutual funds were investigated and studied with primaryfocus on the performance of funds in Pakistan. However, a key feature i.e. management expense ratio of mutual funds has not been analyzed in detail in Pakistan. The study reviewed various factors/elements which impact on the management expense ratio(MER) of mutual funds including the life of the fund, asset size, objective of the fund and the fund family. The study examines the impact of these factors along with their relationship on the cost associated with the funds. The conclusion is that all stated factors except fund family have a significant impact on the MER
RELATED PARTY TRANSACTIONS AND CORPORATE GOVERNANCE MECHANISMS EVIDENCE FROM LISTED FIRMS OF KARACHI STOCK EXCHANGE, PAKISTAN
No full textThis study has investigated the impact of corporate governance mechanisms on the related party transactions of Pakistani firms. A sample of 160 such non-financial firms are used for the analysis that has reported related party transactions in their annual reports for the sample period of 2006 to 2012. The empirical results of different regression models suggested that board independence, blockholdings and institutional ownership play a vital role in the internal governance mechanism. While associated firm ownership, CEO-duality and managerial ownership act as an agents that expropriates minor shareholder’s wealth through related party transactions. Moreover, banking loan, multiple banks in relation and audit quality act as external governance agents and can mitigate the conflict of interest between the minor and major shareholders. These agents may lessen the expropriation through related party transactions by the major shareholders, there by securing the interest of minor shareholders
CONSUMER INNOVATIVENESS LEADING TO INNOVATION ADOPTION
Get PDFInnovation is the key to success, therefore innovators need to be influenced for innovation adoption; through market analysis for consumers possess the necessary traits to understand the value of innovation in their lifestyles. This research study has analyzed the mobile phone consumer market empirically for the traits that are necessary for the adoption of innovation and has identified the market segments that are more motivated to embrace innovativeness. A consumer survey is conducted by using an adopted scale from 404 respondents. The data is analyzed by factor analysis, and 2 SLS regression method. The results reveal that consumer innovativeness is strongly influenced by personality traits such as intelligence, rationality, self-efficacy, interconnectedness, cosmopolites, and subjective norm. The study further provides the insight that consumers are ready to adopt the innovation and possess the necessary innovativeness trait to intellectually and rationally evaluate the innovative offering available in the marke
IMPACT OF CAPITAL STRUCTURE ON PERFORMANCE OF NON-FINANCIAL LISTED COMPANIES IN PAKISTAN
Get PDFThis study examines the relationship between capital structure andfinancial performance using a broad sample of 213 non-financial firmslisted on the Karachi Stock Exchange (KSE) over the period 1999-2015. The relationship between financial performance and capitalstructure is estimated using fixed and random effect models. Sectorwisecomparison shows that for the majority of sectors, higher shortandlong-term debt has a significant negative impact on financialperformance; however, magnitude of this effect varies across industries.The results suggest that in order to improve performance, companies’management should decrease their reliance on debt finance