Trust in Internet Banking in Malaysia and the Moderating Influence of Perceived Effectiveness of Biometrics Technology on Perceived Privacy and Security

Research Article

Internet banking is gaining popularity in Malaysia due to its convenience which is achieved by unique business interactions between banking institutions and customers via websites and mobile applications. However, the incredible escalation of internet fraud cases has caused increased privacy and security risks for internet banking customers. Based on a review of literature, this paper developed a research framework to gauge the impact of customer perception about the effectiveness of biometrics technology on perceived privacy and security and its influence on trust and intention to continue internet banking. In light of the growing viability of biometrics technology as a solution [...]

GSP Plus Status and Income Distribution: A CGE Model for Pakistan

Research Article

The purpose of the study is to investigate the impact of the Generalised System of Preferences (GSP) plus on a household income of Pakistan. The European Union, the largest trading partner of Pakistan, granted the status of GSP plus to Pakistan in December 2013. The study has used MyGTAP, developed by \citeA{minor2013mygtap} to calculate the impact at household level. This MyGTAP model uses the data of the latest available Social Accounting Matrix (SAM) to make changes in the standard GTAP by including multiple types of household and labor. The main findings of the simulations, run under MyGTAP model show a [...]

RETRACTED ARTICLE: Linkage between international trade, financial development and economic growth in Saudi Arabia: An application of the combined cointegration approach

Research Article

This article has been retracted : ........... The purpose of this study is to analyze the linkage between economic growth, financial development, and international trade for Saudi Arabia over the period of 1968-2015. The integration order among the series was analyzed by using structural break unit root tests. The long-run relationship was examined by using the ARDL bounds testing approach. The robustness of the ARDL bounds testing approach was confirmed by using the Bayer-Hanck combined cointegration method. The results confirm the long-run relationship among the variables. International trade appears to be the driver of economic growth, while financial development affects economic [...]

Uncertainty and Risk Analysis of Pakistan's Regional Trade: Fan Chart Approach

Research Article

Economic forecasting, both specific and general, is a crucial part of economic planning for a country. It is required to effectively deal with uncertainity as well as possible negative impact of proposed policies in future. Therefore, correct predictions will improve the effectiveness of the decision-making process. This study is a pioneering attempt to forecast aggregate and regional trade of Pakistan by using annual time series data from 1974 to 2014. With the help of fan chart, aggregate and regional trade of Pakistan have been forecast from 2015 to 2020. Fan chart provides ranges of forecast at different levels of significance [...]

Impact of Individual Feelings of Energy on Creative Work Involvement: A Mediating Role of Leader-Member Exchange

Research Article

Individual feelings of energy (IFE), creative work involvement (CWI) and leader-member exchange (LMX) are understudied areas in Pakistan. The purposes of this study are: a) to analyze the mediating role of LMX on the relationship between IFE and CWI; and b) to evaluate whether the LMX relationship mediates differently for non-managerial staff, supervisors, middle and senior managers. A sample of 300 responses is drawn from the manufacturing companies of Karachi using a questionnaire administered to them. Exploratory factor analysis is used to extract three orthogonal constructs (namely, IFE, CWI, and LMX) and their convergent and discriminant validity are established through [...]

Co-integration of Sukuk and Bond Yields - Evidence from Globally Placed Sukuk

Research Article

The study addresses the question ``How do the financial markets perceive and price internationally issued Islamic bonds?'' It is examined by empirically testing for the evidence of co-integration of sukuk yields with the US Treasury yields using Vector Error Correction (VEC) models. Our results indicate that the sukuk yields are highly co-integrated with the US Treasury yields in long-term relationships. The short-term dynamics of the sukuk yields with the interest rate series is, however, complex showing bi-directional influences. We infer that the international financial markets are viewing and pricing sukuk in a manner similar to that for the conventional [...]

Does International Financial Integration Spur Economic Growth? Evidence from Pakistan

Research Article

The degree of international financial integration has seen a drastic change recently, especially during the last two decades. This study attempts to explore the relationship between international financial integration and economic growth in the context of Pakistan through a sample of data from 1975 to 2013 using time series analysis. International financial integration is used as an index that comprises foreign direct investment, remittances, and external debts. The results indicate that international financial integration has a significant and negative effect on economic growth. Cointegration results have found a significant and long run relationship, whereas variance decomposition method shows bidirectional causal [...]

Should We Use JCR Impact Factor or We Can Have Our Own Relative Importance Metrics?

Editorial

Higher Education Commission (HEC) of Pakistan has been endeavoring to raise the quality of research in Pakistan and they have selected research journals as a tool to enhance research capabilities. Every year a team of HEC's eminent scholars evaluate and approve list of research journals which meet the HEC criteria for recognition. One criterion for the evaluation of journal is bibliometric indicators. Though different bibliometric indicators are available but HEC uses Institute for Scientific Information (ISI)Impact Factor, to evaluate Higher Education Institute (HEI), scientific research, entire journals, and individual articles.

Understanding the ISI Impact Factor and the [...]

High Performance Management Practices and Sustainability of SMEs. Evidence from Manufacturing and Services-based Industries in Pakistan

Research Article

Prior research on high performance management practices (HPMP) has primarily examined the relationship between HPMP and firm performance in the context of large organisations. However, this study examines the relationship between HPMP and Sustainability outcomes (firm performance) in small and medium-size enterprises (SMEs) and also within a specific cultural background which is under researched. This research study is related to both theory and practice. The main relevance lies in analyzing the relationship between HPMP and sustainability outcomes in SMEs. This research study relates to theory by applying the resource-based view and configurational approaches used in this study. The study employed [...]

Indirect Impact of Hedonic Consumption and Emotions on Impulse Purchase Behavior: A Double Mediation Model

Research Article

Impulse purchasing is a universal yet seldom discussed phenomenon. This research study was oriented with the objective to identify the double-mediated relationship between impulse purchasing behavior and fashion orientation through hedonic consumption and emotions. To achieve this objective, survey research method was deployed and data had been collected from 231 general fashion consumers of Karachi. Process macro developed by Hayes (2012) was used as a statistical tool in order to study the relationship between the studied variable. The results suggest that hedonic consumption and positive emotions fully mediates the relationship between fashion orientation and impulse purchasing. The implications portrayed that [...]

The Governance and Management of Child Care Centres

Research Article

This study explores the management and governance interaction in a child care setting. Globally the importance of women in the workforce and the education of young children has shone the spotlight on child care. Most child care research focuses on the education of the child. However, the management and governance of the centres can influence the staffing, resources and culture of the centre, which in turn can affect the care of the children. Further, limited government funding in the sector also heightens the need to understand the impact of management and governance. The findings, from a participant-observer research approach, highlight [...]

Developing Normative Commitment as a Consequence of Receiving Help - The Moderated Mediating Roles of Team-Member Exchange and Individualism/Collectivism: A Multi-level Model

Research Article

With increased market competition, organizations have devoted much effort to retaining talented employees. As a consequence, a considerable amount of research attention has been paid to investigating an employee's willingness to remain within a particular working environment through the lens of the three-dimensional organizational commitment framework (i.e. affective, continuance, and normative commitment). Unfortunately, little is known about factors contributing to the formation of employee normative commitment. Thus, we seek to develop a theoretical model describing how employees' normative commitment may be affected by receipt of helping behavior, the norm of reciprocity, team-member exchange, and individualism/collectivism. In particular, we propose [...]

Navigating Cyclicality of Fiscal Policy in Vietnam: An Empirical Investigation

Research Article

While fiscal policy has been operated counter-cyclically in most of the developed countries (DCs), the reverse trend has been found in most of the low income developing countries (LDCs). This conclusion has been drawn in the literature during the past decades based on the correlation between fiscal and business cycle indicators. This phenomenon of LDCs is more pronounced during recessions due to the limitations in the credit markets as well as other social political distortions. This paper is the first effort to introduce an empirical investigation on the cyclical behavior of fiscal instruments in Vietnam using Autoregressive Distributed Lag (ARDL) [...]

The Editorial Team of Journal of Management Sciences

Editorial

It is an immense pleasure and honour for us to announce that the Journal of Management Sciences (JMS) has been added to Institute for Scientific Information (ISI) Master†Journal List with indexing in Emerging Source Citation Index (ESCI). This makes JMS,†the only research journal of Pakistani Business School (IQRA University) available on the†Web of Science. Our next aim is to take JMS to ISI Social Science Citation Index (SSCI)†and later to Journal Citation Record (JCR) with a good ISI impact Factor. As editors†we also value the feedback which shows that both authors and reviewers are pleased with†the way the journal [...]

Dynamic Relationship between Urbanization, Energy Consumption and Environmental Degradation in Pakistan: Evidence from Structure Break Testing

Research Article

This study investigates the Carbon dioxide emission-urbanization-growth nexus in Pakistan by taking time series data from the period of 1972 to 2013. The study applied three approaches of co-integration (ARDL bounds test, Johansen and Juselius and Gregory and Hansen structural break test) to confirm the valid long-run positive interaction between carbon dioxide emission and urbanization. The robustness of cointegrating vectors are further checked using FMOLS and DOLS tests and the results validate the long-run coefficients. The results of VDM exhibit the uni-directional causality between carbon dioxide emission and urbanization running from urbanization to carbon dioxide emission. It was therefore noted [...]

Comparison of Islamic Banks with Conventional Banks: Evidence from an Emerging Market

Research Article

This paper evaluates and compares the performance of Sharia-compliant banks with their conventional counterparts operating in Pakistan. Data of five full-fledged Islamic Banks(IBs) and fifteen Conventional Banks (CBs), all from Pakistan, have been used for the study. Study period comprises of six years from year 2008 to year 2013. Bank's orientation, efficiency, quality of assets and stability are the measures used to compare the performance of Shariah-compliant and conventional banks. The Islamic Banks in Pakistan are younger in age and smaller in size compared to the Conventional Banks. Based on the financial ratios of two types of banks, we find [...]

Disaggregated Energy Consumption and Sectoral Outputs in Thailand: ARDL Bound Testing Approach

Research Article

From an economic perspective, energy-output relationship studies have become increasingly popular in recent times, partly fuelled by a need to understand the effect of energy on production outputs rather than overall GDP. This study dealt with disaggregated energy consumption and outputs of some major economic sectors in Thailand. ARDL bound testing approach was employed to examine the co-integration relationship. The Granger causality test of the aforementioned ARDL framework was done to investigate the corresponding causality effect. Results showed that, from year 1980 to 2010, productivity of most scrutinized industries was highly reliant on crude oil and natural gas. However, coal [...]

Electricity Generation and Its Impact on Real GDP and RealExports of Pakistan: A Co-integration Analysis

Research Article

The objective of the study is to present the influence of Electricity Generation on Real GDP and Real Exports of Pakistan using time series data from 1972 to 2014. The results of Johansen Co-integration test revealed that Electricity Generation, Employed Labour Force, Gross Fixed Capital Formation and Terms of Trade have a positive influence on while Exchange Rate is having negative relationship with Real GDP. In other model, Electricity Generation, Employed La- bor Force, Gross Fixed Capital Formation, Relative Prices are evidence of increasing real Exports. On the other side, Exchange Rate is negatively associated with real Exports of Pakistan. [...]

Attitudes and Behaviors of the Mobile Phones Users towards SMS Advertising: A Study in an Emerging Economy

Research Article

Advertisement through SMS is a commonly used medium in the era of technology. Companies are utilizing this medium of advertisement quite frequently. Rapid increase of the usage of mobile phones has developed an innovative way of utilizing this marketing tool. Due to the exponential growth in telecommunication industry after introduction of SMS and MMS, this study has been conducted to investigate the consumer attitude towards SMS advertisement and its relationship with behavior. Entertainment, irritation, product involvement and appeal were used in order to investigate the attitude of the consumer. A questionnaire was used to examine the relationships among variables of [...]

Effect of Offline Parent Brand Dimension on Online Trust, Satisfaction and Loyalty: In Context of Newspaper Industry

Research Article

The shift towards technological era has caused services to adopt technology to increase customer satisfaction. Although much work has been done on offline brand dimension of newspapers and its effect towards website satisfaction, website trust and website loyalty; this paper focuses on how offline brand dimension of newspaper effects website satisfaction, website trust and website loyalty in Pakistani context. The mediating effect of Offline Brand Dimension of newspaper on Website Trust and Website Satisfaction has also been studied in this paper. Offline Brand Dimensions has been studied as a result of four factors which include: Brand Trust, Brand Satisfaction, Attitudinal [...]

Impact of Role Model on Behavioral and Purchase Intentions among Youngsters: Empirical Evidence from Karachi, Pakistan

Research Article

Concept of celebrity endorsement evolved in last few decades and it has strengthened its roots. Companies spend millions of dollar on celebrity endorsement. Marketers are trying to identify the impact of celebrity endorsement on companiesí profitability and advertising objectives. The purpose of this research was to investigate the impact of vicarious role model such as showbiz celebrity or sports celebrity on purchase intentions, brand loyalty and positive word of mouth among young adults of Karachi. Structured questionnaire was used to collect data through survey research method and data was collected from 252 students by using convenience sampling technique. Factor analysis [...]

Banking on Corporate Social Responsibility

Research Article

This exploratory study set out to understand the true value of Corporate Social Responsibility (CSR) in the banking sector. Businesses, including banks, actively participate in CSR but the question of value still persists. What does the bank receive in return for participating in CSR? Do banks get more customers as a result of their CSR programmes? Do banks have a better customer retention rate because of their CSR programme? Will customers change banks purely because they disagree with their banks CSR programme? These were some of the issues addressed but due to the small sample size, the findings cannot be [...]

The Impact of Structural Empowerment on Organizational Citizenship Behavior-Organization and Job Performance: A Mediating Role of Burnout

Research Article

The banking sector employees are usually exposed to potential job burnout which impacts their employee performance. This study examined the impact of structural empowerment on organizational citizenship behavior-organization (henceforth, OCBO) and job performance and further examined the mediating effect of job burnout in the relationships of structural empowerment, OCBO and job performance. In this study, data from 282 employees was taken from four banks: both public and private sectors. Two stage sampling technique was carried out to collect data. In the first stage probability cluster sampling and in the second stage convenience sampling was used. Different data analysis techniques like [...]

The Impact of Sectoral Foreign Direct Investment on Industrial Economic Growth of Pakistan

Research Article

This study examines the impact of sectoral foreign direct investment on industrial economic growth of Pakistan, by means of Cobb-Douglas production function. Three sectors were used namely manufacturing, construction, mining & quarrying for panel data during period of 1997 to 2011. This study used three standard panel unit root tests; PP statistics panel unit root, ADF statistic, IPS panel unit root test. Moreover, to test the co integration between the variables , three different types of test were used for the panel co integration test based on Johansen fisher, Kao residual cointegration, Pedroni residual cointegration tests to find the long run [...]

An Empirical Investigation on the Effect of Brand Loyalty

Research Article

This paper examines how satisfaction, brand image, price, packaging and perceived quality influence brand loyalty. A self-administered questionnaire through mall intercept method was used for survey purpose. Valid sample size was 300 comprising all adults and both genders. The constructs used in this study had established reliabilities. After ascertaining the normality of data a typical multiple step procedure was adopted which is inclusive of identifying outliers, ascertaining normality of the data, reliability analysis, validity analyses, CFA for all the constructs through structural equation modeling (SEM), and testing the overall model through SEM. Derived hypotheses results were assessed on SEMís output [...]

Impacts Of Globalization on Economic Growth - Evidence From Selected South Asian Countries

Research Article

The study uses overall index of globalization developed by Dreher (2006) in which all three types of integration were utilized such as political, economic and social integration. The data of three south Asian countries like Pakistan, India and Bangladesh were taken for the period from 1981 to 2011. Initially, stationary properties of selected variables were checked through conventional unit root tests such as Augmented Dickey Fuller (ADF) and Phillip Perron (PP) test followed by ordinary least square (OLS), granger causality is applied and finally long-run relationship among variables were confirm by employing Johansen test of cointegration i.e. trace test [...]

Lessons From The 2008 Global Financial Crisis: Imprudent Risk Management And Miss Calculated Regulation

Research Article

Of the major shortcomings exposed during the 2008 global financial crisis, there are two aspects that have attracted much interest among academics: the under-appreciation of the complexity of new operations at large financial institutions and the inadequate oversight of basic prudential supervision by regulatory agencies. To provide a brief focus on elements of these aspects, this paper presents corresponding case studies involve the fall of two of the largest finance companies ever existed: American International Group and Lehman Brothers Holdings. A survey of related historical arguments shows that while AIG fails due largely to its extended involvement in the new [...]

Index Future Trading, Spot Volatility And Market Efficiency

Research Article

This paper examines the impact of the listing of index futures trading on spot market volatility, market efficiency and volatility asymmetric responses. In order to model the effects of the introduction of index futures contracts, a modified GJR-GARCH model has been applied to examine the structural change of conditional variances before and after the introduction of index futures trading in S&P500, Nikkei 225, ASX all Ordinaries, and an equally weighted international portfolio. Additionally, this study adopts the coefficient dynamic tests to examine whether the identified impacts of index futures are consistent over time in both the individual indices and the [...]

Impact of Leader's Change-Promoting Behavior on Readiness for Change: A Mediating Role of Organizational Culture

Research Article

The purpose of this study is to investigate the impact of the leaderís change-promoting behavior on employeeís readiness for change and whether the organizational culture mediates this relationship. A sample of 205 responses is drawn from employees having junior or senior level of managerial responsibilities in Karachi. The method of both exploratory and confirmatory factor analyses is employed to evaluate the reliability and validity of the measurement model. The structural equation modeling method was then applied to examine the theoretical framework with the help of seven frequently reported goodness-of-fit indices. The results indicate that leaderís change-promoting behavior has a significant [...]

Application of Kalman Filter on modelling interest rates

Research Article

This study aims to test the feasibility of using a data set of 90-day bank bill forward rates from the Australian market to predict spot interest rates. To achieve this goal I utilized the application of Kalman Filter in a state space model with time-varying state variable. It is documented that in the case of short-term interest rates,the state space model yields robust predictive power. In addition, this predictive power of implied forward rate is heavily impacted by the existence of a time-varying risk premium in the term structure. [...]

Body Image of Pakistani Consumers

Research Article

This paper examines how media exposure, self esteem, and religiosity influence body image of Pakistan consumers. The underpinning of this study is based on Social Comparison Theory with two additional variables (religiosity and self esteem) for understanding understand consumer attitude towards body image. A self administered questionnaire was used. 193 persons responded at mall intercepts. The Conceptual framework was empirically tested through SEM. A positive relationship between exposure to media and body image was found while negative influence was found between self esteem and body image. No relationship was found between religiosity and body image. The results showed mixed outcomes [...]

Impact of Macroeconomic Factors on Non-financial firms' Stock Returns: Evidence from Sectorial Study of KSE-100 Index

Research Article

This paper attempts to study the impact of pre-specified set of macroeconomic factors on firm's stock returns for nine nonfinancial sectors listed in Karachi Stock Exchange. The macroeconomic factors included are consumer price index, industrial production index, market returns, risk free return and money supply. The studied sample covers data from 2001 to 2011. Panel analysis using pooled OLS shows that all studied sectors firm's stock returns have negative relationship with consumer price index, money supply and risk free rate, whereas industrial production index and market returns indicates a positive relationship. The results of this study have important implications for [...]

Determinants of Brand Equity of QMobile: A case study of Pakistan

Research Article

The purpose of this paper is to examine the determinants of brand equity of QMobile users. A random survey was taken using a systematic sampling of colleges and universities in a metropolitan city, Karachi, Pakistan. The questionnaire was used to collect data. The impact of each determinant was explored by using factor analysis and multiple regression analysis. The results suggested that all the determinants have a signicant impact on brand equity whereas brand response has no impact on brand equity dimension. [...]

Consumer perception of brand trust online of clothing in Karachi: A case study of Gul Ahmed

Research Article

Online purchase, in the clothing industry of Pakistan, is on a historical high. There are various factors that affect the brand trust of online consumers. This research is aimed to find the correlation between security and privacy of personal information, name of the brand, word-of-mouth, prior online experience and information quality on the one hand and the online brand trust of consumers on the other. The study is conducted in relation to a single brand, named Gul Ahmed. The sample for this study contained 387 respondents. The results of the study show that all these factors have a significant relationship [...]

The Relationship between Protean Career Orientation and Perceived Employability: A Study of Private Sector Academics of Pakistan

Research Article

This study investigated the effect of protean career orientation on individual's perceived employability. This is the first study of its nature which tried to establish the relationship between protean career orientation and perceived employability. We used protean career theory to develop our conceptual framework. Data were collected from the academic staff of private sector universities by using the stratified sampling technique. Theoretical model was tested using the data obtained from 192 respondents. Measurement model is tested by using the confirmatory factor analysis. To test our hypothesized model, we employed structural equation modelling technique in AMOS 21. The researcher found a [...]