Banking sector plays a significant role in the economic development of the country and the non-pe... more Banking sector plays a significant role in the economic development of the country and the non-performing loans has remained an intractable challenge which is denounced everywhere as the scourge of the present times. The study uses the, Asset Quality, Return on Assets, Deposit to Total Asset, Cash to Total Asset, Size, Return on Equity, Capital Adequacy Ratio and Net interest margin as bank specific factors. The panel data since 2007 to 2019 has been collected from the annual reports of banks and State Bank of Pakistan database. Descriptive statistics, correlation analysis, fixed effect panel, least square regression and error correction mechanics test were applied to analyze the data. It was also concluded that Asset Quality, Deposit to Total Assets, Cash to Total Assets, Return on Equity, Capital Adequacy Ratio and Net Interest Margin have negative and significant effect on non-performing loans while the Size has insignificant and positive correlation with the non-performing loans. This study is therefore a narrative in pursuit of a normative vision for NPL free society.
The current study focuses on the impact of board room gender diversity on the Environmental Susta... more The current study focuses on the impact of board room gender diversity on the Environmental Sustainability (ES) of firms. The study selects a sample from the banking sector in Pakistan from 2011 to 2018. Content analysis is used for the measurement of ES. Those Boards which has enough strong combination of gender diversity probably deliver additional monitoring and are also strict implementation of ethical behavior, thus decreasing the effects of misuse of shareholder investments that can be harmful to their profits. As for their social capabilities, women in the board room are likely to be able to involve with numerous stakeholders providing a way for presenting social responsiveness, which is established by the results. Our findings are robust to alternative estimation techniques including Ordinary Least Squares (OLS), Panel Corrected Standard Errors (PCSE), and the Two-Stage Least Squares (2SLS) method. The outcomes support that a connection does exist among board Gender Diversity (GD) and ES. The outcomes suggest that firms having boards with more gender diversity are more environmentally responsible. The study offers new information on the part of female directors in encouraging ES and develops additional dimensions to the continuing debate in this area by selecting the banking sector. The study offers theoretical, methodological, and practical implications.
This study explores the relationship between institutional shareholding with stock returns volati... more This study explores the relationship between institutional shareholding with stock returns volatility in 195 non-financial firms listed on Pakistan Stock Exchange (PSX). The panel data of sample firms is collected from annual reports, Pakistan Stock Exchange (PSX) and State Bank of Pakistan (SBP). We apply multivariate OLS and GMM regression method to the panel data for analysis of correlation between institutional shareholding with stock returns volatility. The results are consistent with our hypothesis that institutions are risk averse and prefer to invest in low volatile stock. Further analysis show that the impact investment institutions is negative on the stock returns volatility. The shareholding by investment institutions is slightly higher in dividend paying firms than non-dividend paying firms. Our results show the significant role of investment institutions in the stability of Pakistan Stock Exchange (PSX). Keywords-finance, institutional investors, stock returns volatility, dividend yield, stocks liquidity, Financial markets provide platform for trading of financial assets. These markets also help in the price determination of financial assets, risk sharing, portfolio diversification, stock liquidity and information aggregation. Financial institutions make profit through the creation and transactions of the financial assets. Institutional investors play the role of specialized investors and facilitate the investments of small investors. Investment institutions are expert in making investment decisions and portfolio diversification with the ultimate objective of enhancing returns 1. Institutional investors now play significant role in the creation of stocks liquidity and improvement in firm performance. Khorana, Servaes, & Tufano, (2005) argue that both in develped as well as emerging markets the role of institutional investors is repidly grwoting. Investment institutions such as pension and mutual funds are now managing 51% shares in the firms previously held by individual investors (Chen, Harford, & Li, 2007). The influence of investment institutions is improving due to increased share trading. The growth in institutional investment increased the research on relationship of institutional investment with different firm and market level factors. Institutional investors are attracted by large market capitalization, liquid stocks and higher book to market ratio (Gompers & Metrick, 2001). The investment institutions are attracted by firm specific factors like market capitalization, better
Purpose of the study: This study examines the influence of investment decisions and consumption o... more Purpose of the study: This study examines the influence of investment decisions and consumption on asset pricing from 1980 to 2016. Methodology: This study has used a quantitative research design and a secondary source is deployed to collect data from 1980 to 2016. The data was gathered from Saint Louis Fed, whereas Standard and Poor's 500 (S&P 500 index at a closing price of the first day of the month) was from Yahoo Finance. The software used for the data analysis was R Studio and statistical methods such as descriptive statistics, Generalized Method of Moments (GMM) model Fitting and Consumption Capital Asset Pricing Model (CCAPM) Fitting was performed to examine the influence of investment decisions and consumption on asset pricing.
This study explores the relationship between institutional shareholding with stock returns volati... more This study explores the relationship between institutional shareholding with stock returns volatility in 195 non-financial firms listed on Pakistan Stock Exchange (PSX). The panel data of sample firms is collected from annual reports, Pakistan Stock Exchange (PSX) and State Bank of Pakistan (SBP). We apply multivariate OLS and GMM regression method to the panel data for analysis of correlation between institutional shareholding with stock returns volatility. The results are consistent with our hypothesis that institutions are risk averse and prefer to invest in low volatile stock. Further analysis show that the impact investment institutions is negative on the stock returns volatility. The shareholding by investment institutions is slightly higher in dividend paying firms than non-dividend paying firms. Our results show the significant role of investment institutions in the stability of Pakistan Stock Exchange (PSX). Keywords-finance, institutional investors, stock returns volatility, dividend yield, stocks liquidity, Financial markets provide platform for trading of financial assets. These markets also help in the price determination of financial assets, risk sharing, portfolio diversification, stock liquidity and information aggregation. Financial institutions make profit through the creation and transactions of the financial assets. Institutional investors play the role of specialized investors and facilitate the investments of small investors. Investment institutions are expert in making investment decisions and portfolio diversification with the ultimate objective of enhancing returns 1. Institutional investors now play significant role in the creation of stocks liquidity and improvement in firm performance. Khorana, Servaes, & Tufano, (2005) argue that both in develped as well as emerging markets the role of institutional investors is repidly grwoting. Investment institutions such as pension and mutual funds are now managing 51% shares in the firms previously held by individual investors (Chen, Harford, & Li, 2007). The influence of investment institutions is improving due to increased share trading. The growth in institutional investment increased the research on relationship of institutional investment with different firm and market level factors. Institutional investors are attracted by large market capitalization, liquid stocks and higher book to market ratio (Gompers & Metrick, 2001). The investment institutions are attracted by firm specific factors like market capitalization, better
Banking sector plays a significant role in the economic development of the country and the non-pe... more Banking sector plays a significant role in the economic development of the country and the non-performing loans has remained an intractable challenge which is denounced everywhere as the scourge of the present times. The study uses the, Asset Quality, Return on Assets, Deposit to Total Asset, Cash to Total Asset, Size, Return on Equity, Capital Adequacy Ratio and Net interest margin as bank specific factors. The panel data since 2007 to 2019 has been collected from the annual reports of banks and State Bank of Pakistan database. Descriptive statistics, correlation analysis, fixed effect panel, least square regression and error correction mechanics test were applied to analyze the data. It was also concluded that Asset Quality, Deposit to Total Assets, Cash to Total Assets, Return on Equity, Capital Adequacy Ratio and Net Interest Margin have negative and significant effect on non-performing loans while the Size has insignificant and positive correlation with the non-performing loans. This study is therefore a narrative in pursuit of a normative vision for NPL free society.
The form of live streaming e-commerce brings a more intuitive and vivid shopping experience to th... more The form of live streaming e-commerce brings a more intuitive and vivid shopping experience to the consumer's name. The total transaction amount continues to increase, gradually becoming a new growth driver for e-commerce platforms in Pakistan. The study adopts an empirical research method by considering and summarizing the previous research results and the current development of e-commerce live streaming. Based on the stimulus-organism-response (S-0-R) model, perceived value, and other theories, a consumer purchase intention model in the ecommerce live streaming context is established. Live stimuli such as entertainment and opinion leaders were used as independent variables. Organismic responses, such as trust, perceived functional value and perceived emotional value, were used as intermediate variables. Consumer purchase intention was used as the dependent variable. This study's measurement scale was designed based on established scales, and 512 valid questionnaires were collected through a questionnaire. Data analysis was conducted using SPSS 23 and SMART-PLS 3.0. The outcomes indicated that the two antecedent variables of opinion leader and entertainment positively affect trust, perceived functional value and perceived emotional value, and the degree of influence is very significant. The higher the quality of the live e-commerce content, the stronger the opinion leader, i.e. the anchor. The more entertaining the live broadcast, the stronger the degree of consumer trust, perceived functional value and perceived emotional value.
This study explores the relationship between institutional shareholding with stock returns volati... more This study explores the relationship between institutional shareholding with stock returns volatility in 195 non-financial firms listed on Pakistan Stock Exchange (PSX). The panel data of sample firms is collected from annual reports, Pakistan Stock Exchange (PSX) and State Bank of Pakistan (SBP). We apply multivariate OLS and GMM regression method to the panel data for analysis of correlation between institutional shareholding with stock returns volatility. The results are consistent with our hypothesis that institutions are risk averse and prefer to invest in low volatile stock. Further analysis show that the impact investment institutions is negative on the stock returns volatility. The shareholding by investment institutions is slightly higher in dividend paying firms than non-dividend paying firms. Our results show the significant role of investment institutions in the stability of Pakistan Stock Exchange (PSX). Keywords-finance, institutional investors, stock returns volatility, dividend yield, stocks liquidity, Financial markets provide platform for trading of financial assets. These markets also help in the price determination of financial assets, risk sharing, portfolio diversification, stock liquidity and information aggregation. Financial institutions make profit through the creation and transactions of the financial assets. Institutional investors play the role of specialized investors and facilitate the investments of small investors. Investment institutions are expert in making investment decisions and portfolio diversification with the ultimate objective of enhancing returns 1. Institutional investors now play significant role in the creation of stocks liquidity and improvement in firm performance. Khorana, Servaes, & Tufano, (2005) argue that both in develped as well as emerging markets the role of institutional investors is repidly grwoting. Investment institutions such as pension and mutual funds are now managing 51% shares in the firms previously held by individual investors (Chen, Harford, & Li, 2007). The influence of investment institutions is improving due to increased share trading. The growth in institutional investment increased the research on relationship of institutional investment with different firm and market level factors. Institutional investors are attracted by large market capitalization, liquid stocks and higher book to market ratio (Gompers & Metrick, 2001). The investment institutions are attracted by firm specific factors like market capitalization, better
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Papers by Muhammad Abbas