This study investigates the role of risk behaviour in mediating the association between personality traits and investment intention and moderating role of financial literacy between the association of risk behaviour and investment intention within a sample of 284 students with finance background. Regression analyses was executed in a series to test the impact of independent variables on dependent variables. Along this, separate models for the mediator and for the moderator were appraised to get more vibrant results. Results suggest that individuals who are active, sympathy toward others, determined, well-organized are more willing toward Investment. Further results revealed that risk behaviour [...]

Mobile banking is an emerging concept with great potential but it is facing lower rate of diffusion. This study examines the perception and intention aspects of mobile banking adoption in Pakistan. Modified Technology Acceptance Model is used with the integration of four perceived risk dimensions (financial, privacy, time and security). A sample of valid 389 responses was drawn from the mobile subscribers of Karachi. The techniques of both exploratory and confirmatory factor analyses were employed to assess the reliability and validity of the measurement model. The structural equation modeling method was also applied to investigate the hypothetical framework with the [...]

The purpose of this paper is to examine empirically the impact of capital structure on financial performance of United Kingdom (UK) firms' during the period from 2006 to 2015. The investigation is performed using data of 739 UK very large and large listed companies on London Stock Exchange. The study uses four performance measures, including return on equity - ROE, return on assets - ROA, Tobin's Q and earnings per share EPS as dependent variables. The two capital structure ratios, namely long-term liabilities and short-term liabilities as well as growth rate of total assets are applied as independent variables. Size [...]

This study seeks to investigate the internal and external determinants of the Pakistan banking sector, specifically after the recent financial crisis of 2008. The sample data comprises of total 26 banks, which include 17 conventional, 5 Islamic and 4 public banks. The selected sample covers the period of five years from 2009 to 2013. A balanced panel data regression model has been used and considered return on assets (ROA) and return on equity (ROE) as an alternative of bank's profitability. The results of the study suggest that bank's profitability is significantly affected by its internal determinants while external determinants are [...]

The present study intended to examine the impact of trade on energy consumption using data of four oil importing, heavily populated, and developing economies of Asia namely Pakistan, India, China and Bangladesh. The study covers the period of 1972 to 2011. The data was checked for the Cross-sectional Dependency using CD-test, then CIPS panel unit root test, Panel cointegration, and Pooled Mean Group estimates approaches were used. Empirical results confirmed the Long-run relationship between energy consumption and trade openness. This study confirms the influence of trade on energy consumption and that they are positively related. International trade increases the energy [...]

We investigate the impact of government borrowing from the scheduled banks on the credit to private sector in Pakistan, using monthly data from 1998:M6 to 2015:M12. We find that a one percentage point growth in the government borrowing leads to 8 basis points crowding out of the private sector credit in four months. Albeit small, there is negative impact of government borrowing on the private sector credit. The results remain unchanged even after implementation of the interest rate corridor since August 2009. [...]

This study aims to examine the moderating role of locus of control in the relationship between financial literacy and financial behavior in Pakistans banking sector. The study adopts a quantitative research approach, utilizing an explanatory research design. Data were collected through a structured questionnaire using a surveybased method. A convenience sampling technique was employed, with a sample size of 192 respondents. The results indicate a significant positive relationship between financial literacy and financial behavior. Additionally, both internal and external locus of control were found to be positively associated with financial behavior. However, the moderating role of locus of control in [...]

This study spotlights the impact of Economic Policy Uncertainty (EPU) on stock returns in the Pakistan Stock Exchange (PSX) across six key sectors: cement, automobile assembler, automobile parts and accessories, engineering, oil and gas marketing, and refinery. Utilizing panel data from January 2015 to December 2023, the research employs EGARCH-Bivariate modelling to analyse the dynamic relationship between EPU and stock returns. The findings reveal a statistically significant correlation across all sectors, indicating that PSX investors often perceive uncertainty as an opportunity rather than a risk, favouring investments during downturns to secure future long-term profits. This research enhances the understanding of [...]

The objective of the study is to forecast CPI inflation for the period 2023 to 2028 using ARMA & ARIMA techniques, which have been extensively used in the previous literature. We used the annual dataset from the ministry of finance from 2002 to 2023. The stationary tests indicated that CPI inflation was integrated of order 1. Therefore, we employed the ARIMA model for forecasting. The results indicated that R-square was 0.819, which implies that the model explains around 81 percent variation in inflation. Further, the F-statistics was 14.51 indicate that the overall model was significant. The ARIMA model [...]

This research paper explores the determinant trade-off between director reputation and overload (busyness) and its systematic risk implication and performance of banks in the weak institutional environment by exploring a novelty unique aspect of Pakistan. Based on panel data of 27 commercial banks between 2018 and 2024 (189 observations), we use fixed-effects regression models to investigate how the nature of busyness (senior outside roles), busyness level (total directorships) and education and financial expertise of directors affect them. The results provide a more complex picture: the multiple-board seats relationship (the degree of busyness) proves bank performance and a reduction of risk- [...]

This study aims to determine the impact of liquidity, credit risk, leverage risk, bank size, GDP and inflation on bank profitability of 15 commercial banks of Karachi, Pakistan. Data has been collected from the consolidated audited financial statements and annual reports of 15 private commercial banks of Pakistan. The study has employed correlation analysis, panel cointegration analysis for long-run relationships, Hausman test for misspecification estimation of random-effect analysis and panel OLS analysis for hypothesis-testing using EViews 9 software. The present paper identified that liquidity risk has an insignificant and negative relationship with firm profitability, credit risk has a significant and [...]

This paper aims to investigate the impact of a market crash on the risk adjusted returns of Exchange Traded Funds. A comparative analysis of the impact of covid 19 on ESG Vs. Regular ETFs attempts to ascertain whether ESG factors can provide any hedging during a financial market crash. This study tried to establish whether responsible investments can provide any resilience during a market crisis by comparing the risk adjusted returns of pre and post covid returns of ESG ETFs and regular ETFs. This paper discussed that how the risk factors incorporated in the models (market risk, size risk, book [...]

This study investigates the role of risk behaviour in mediating the association between personality traits and investment intention and moderating role of financial literacy between the association of risk behaviour and investment intention within a sample of 284 students with finance background. Regression analyses was executed in a series to test the impact of independent variables on dependent variables. Along this, separate models for the mediator and for the moderator were appraised to get more vibrant results. Results suggest that individuals who are active, sympathy toward others, determined, well-organized are more willing toward Investment. Further results revealed that risk behaviour [...]

This study seeks to investigate the internal and external determinants of the Pakistan banking sector, specifically after the recent financial crisis of 2008. The sample data comprises of total 26 banks, which include 17 conventional, 5 Islamic and 4 public banks. The selected sample covers the period of five years from 2009 to 2013. A balanced panel data regression model has been used and considered return on assets (ROA) and return on equity (ROE) as an alternative of bank's profitability. The results of the study suggest that bank's profitability is significantly affected by its internal determinants while external determinants are [...]

This study explores the impact of corporate social responsibility (CSR) and financial distress on the financial performance of companies in Pakistan's PSX 100 Index. With a focus on societal contributions and competitive advantage, the research addresses the limited CSR activities in Pakistan, emphasizing the necessity for comprehensive policies promoting social welfare and economic growth. Analyzing data from 48 companies of manufacturing and financial sectors, the study uncovers insights into Pakistani industries, emphasizing the effects of CSR on financial performance in the presence of financial distress. It underscores the importance of balancing financial risks with social responsibilities, contributing to the understanding [...]

Mobile banking is an emerging concept with great potential but it is facing lower rate of diffusion. This study examines the perception and intention aspects of mobile banking adoption in Pakistan. Modified Technology Acceptance Model is used with the integration of four perceived risk dimensions (financial, privacy, time and security). A sample of valid 389 responses was drawn from the mobile subscribers of Karachi. The techniques of both exploratory and confirmatory factor analyses were employed to assess the reliability and validity of the measurement model. The structural equation modeling method was also applied to investigate the hypothetical framework with the [...]

The purpose of this paper is to examine empirically the impact of capital structure on financial performance of United Kingdom (UK) firms' during the period from 2006 to 2015. The investigation is performed using data of 739 UK very large and large listed companies on London Stock Exchange. The study uses four performance measures, including return on equity - ROE, return on assets - ROA, Tobin's Q and earnings per share EPS as dependent variables. The two capital structure ratios, namely long-term liabilities and short-term liabilities as well as growth rate of total assets are applied as independent variables. Size [...]

In order to achieve the objective, time series data is collected over a period of 1972 to 2014. Auto-regressive and distributed lag model is utilized for long run and short run results. The demand side factors of inflation are population, roads and government expenditure while supply side factors are imports, government revenue, electricity generation and external debt. In the long run, inflation is caused by roads, government expenditure, imports, government revenue and external debt. There is decline in price level due to foreign direct investment, electricity generation and population in long run.[...]