This study aimed to investigate the relationship between efficiency, measured by two different methods (Data Envelopment Analysis and Stochastic Frontier Analysis), and profitability of banks from Brazil. We analyzed a total of 47 banks that operated between the years of 2008 and 2015. The efficiency of institutions was measured using the Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) methodologies, based on economic and financial indicators. These indicators were calculated considering the approach of financial intermediation in order to measure the cost efficiency of banks. Subsequently, the scores found from the application of DEA and SFA were related to [...]

The purpose of this paper is to investigate the effects of personality traits on the perceived investment performance. Also, it assesses the mediating effects of social influence between personality traits and investment performance. The total sample of 277 are gathered from different individuals who have investment experience. PLS-SEM was used to test the hypothesis, findings suggest that personality traits have a positive and significant impact on perceived investment performance. It is also found that personality traits have positive and significant effect on social influence. Similarly, social influence has positive and significant effects on perceived investment performance. Besides the direct relationships, [...]

The biggest challenge for the Islamic banking industry in Pakistan is the scarcity of Shariah-compliant investment instruments and the absence of a lender of last resort (LOLR) facility for Islamic banks. Due to the problem of surplus liquidity, returns for Islamic banks in Pakistan are lower as compared to the conventional counterparts putting them at a competitive disadvantage with respect to their competitor conventional banks. Sukuk issuance is associated with a high cost of issuance and legal complexity, problems that could be solved by the application of blockchain technology. With the advent of cryptocurrency and developments around blockchain, technology experts, [...]

India being the top exporter of iron ores has the potential to be counted as one of the top exporters of steel if the steel companies follow optimal capital structure. On the contrary, there has been a history of financial issues such over/under-leverage in this sector for which the companies have not been able to perform as per their potential. Since neither India is a developed country nor its steel companies are financially self-sufficient, they are bound to depend on the external capital resulting the decision to be taken on the leverage ratio as even more crucial. Thus it is [...]

This paper attempted to analyze Pakistan export policy towards diversification. There are five measures of export diversification which is widely used by scholars for such analysis. The computational analysis reveals that export diversification always remains the major policy goal of Pakistan's trade policies since the decade of 1970s. However, the outcome of the policy could not be successful because export diversification indexes showed no significant changes. From the year 2000 government focuses on geographical export diversification and concentrated on preferential trade agreements, which could not show good result as well. This paper therefore suggests for commodity export diversification, preferably vertical [...]

Experiences in many aspects are important in determining factor for the selection and promotion of employees, especially to managerial positions. However, empirical evidence on the contribution of CEO experiences to firm outcomes is limited. This paper attempts to address the literature gap by examining the impact of CEO experience on the firm financial performance of the listed firms in the financial sector. The study uses balanced panel data for six years from 2011 to 2016 in running regression analysis. Independent variables that include the CEO tenure and CEO multiple board memberships are considered in measuring the CEO experience. The result [...]

This study intends to observe to investigate the taxation impact on economic growth of Pakistan by using time series data from 1980 to 2015. This study explore the short \& long run effects of taxation on economic growth of Pakistan. Stationarity of the data checked through Augmented Dickey Fuller (ADF) test and then applied Autoregressive Distributed Lag (ARDL) model to check relations among the variables. Results of the study shows that taxes and exchange rate show negative but significant effect on economic growth in short run and long run. Life expectancy and trade liberalization have positive impact on economic growth [...]

The organizations consider earning as a key factor for their long term survival. If the organizations are not properly managed their organizations then their long term survival and competitive advantage could not be achieved. The current research studied the moderating impact of audit committee independence in the relationship between structure of board (size, independence, and duality of CEO) and real earnings management (REM) in the listed companies of Pakistan. Data was gathered from 150 firms' year wise observations of the industrial and service sectors of Pakistan stock exchange from the year 2010-2019. Using the fixed effect size approach, the findings [...]

Based on the theory of planned behavior, the study has examined the effects of risk tolerance, investment confidence, financial literacy, herding behavior on investment behavior with financial self-efficacy as an intervening variable among the investors of the stock market in Pakistan. The study has collected 350 sample responses from the investors of Pakistan Stock Exchange (PSX) using five-point Likert scale questionnaire. The study has employed PLS-SEM for data analysis using Smart PLS version 3.2.9. The results showed that investment confidence, and risk tolerance has positively significant relationship with financial self-efficacy while herding behavior has negatively significant relationship with [...]

Financial sustainability is a hot topic these days. Previous studies have explored the effects of socioeconomic characteristics on financial sustainability. However, this stream of research has paid little attention to psychological factors that may be related to financial sustainability of household. Therefore, the aim of the present study is to fill the research gap by examining the effects of financial attitudes, financial behavior and financial self-efficacy on financial sustainability. To meet the study objectives, data were collected from 284 employees working in Malaysian manufacturing sector. The collected data was then analyzed using the PLS-SEM approach. The results of this study [...]