M.Phil / MS
Permanent URI for this collectionhttps://repository.cuilahore.edu.pk/handle/123456789/48
This collection archives the complete set of theses produced by students of the COMSATS University Islamabad, Lahore Campus.
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Item Corporate Social Responsibility Disclosure and Financial Performance: Moderating Role of Sub National Institutional Contingencies(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2021) Muhammad Hamza Khan; FA18-RMS-015; Dr. Sajid Nazir; LHR TP 6349Over the past few decades, the disclosure about corporate social responsibility (CSR) activities has increased due to increased awareness. This study investigates moderating role of sub national institutional contingencies on the relationship between corporate social responsibility disclosure (CSRD) and financial performance (FP) and the relationship between environmental disclosure (ED) and FP in context of Pakistan. The study uses OLS (ordinary least squares) technique to draw interference from data. We use CSRD index which consist 40 items under the five main themes and for environmental disclosure this study develop an environmental index based on 10 items. Sub-national institutional contingencies (SNIC) consists four factors, ownership concentration, developed & non- developed regions, family ownership and group affiliation. FP measure in two way accounting measure and market measure.We find positive association in CSRD and financial performance and also positive relationship between ED and FP. We find reliable evidence that SNIC (family ownership, ownership concentration and regional development) have negative and significant impact on CSRD and ED but group affiliation have no effect on CSRD and ED. Moreover, SNIC moderate the positive and relationship between CSRD and FP and also in ED and FP. The relationship is stronger in non F own firm, own-con, less developed region and G-Aff as compare to their counterparts. From a practical point of view, the study shows that decision makers, executives and managers should avoid “one-and-for-all” strategy. By contrast, They need to be evaluated immediately effect of family ownership, ownership concentration, regional development and group affiliation characteristics. Considering the weak performance by the firms in family owned firms, non ownership concentration, regional development and non-group affiliation firms, policymakers and governments should increase information transparency, enact stricter regulations, and encourage these companies to improve their corporate social and environmental disclosure. It also provided insights into other emerging economies, especially those with special government intervention.Item Impact of Shareholders’ Activism on Governance Practices and Firm Performance in Pakistan: A Response for Family Controlled Firms(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2019) Ayesha Amjad; FA17-RMS-008; Dr. Sajid Nazir; LHR TP 5696This study has set out to empirically examine the impact of one of the monitoring mechanism of corporate governance on the overall performance of the firm. Call of previous researches stimulate this study to respond by taking sample of 150 nonfinancial firms listed on PSX to investigate impact of ownership structure on performance of the firms while taking into account multiple dimensions. The study has taken firm performance as it dependent variable which is measured through two proxies: Return on Assets and Tobin’s Q. The independent variable of the study is Ownership Structure of corporate governance measured through five proxies: Institutional Ownership, Family Ownership, Family Control, Group Affiliation and Institutional Activism. The study has employed System GMM econometric technique to investigate the relationship. According to computed results, Family Ownership puts positive and highly significant impact on market performance of the firm. Similarly, there exists strong and significant relation among Family Control and market value of firm. There is highly significant association among Group Affiliation (GA) and market performance of the firm but in negative direction. Similarly, Institutional Ownership (IOS) is significantly related to accounting and market performance of the firm. Moreover, joint impact of Institutional and Family Ownership (IOSxFOS) is positively and significantly related to accounting performance of the firm. Finally, Institutional Activism (Inst_Act)is positively and significantly related to accounting performance of firm. Keywords: Firm Performance, Return on Assets (ROA), Tobin’s Q, Corporate Governance, Ownership Structure, Family Ownership (FOS), Family Control (FC), Group Affiliation (GA), Institutional Ownership (IOS), Institutional Activism (Inst_Act).Item Impact of Risk Management Practices on Project Success: A Comparative study of Conventional and BOT Projects in Pakistan(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2018) Muhammad Ahsan; FA15-RPM-005; Dr. Sajid Nazir; LHR TP 5210With the growing demand of public infrastructure projects, it is necessary to clearly identify, evaluate and manage the risk associated with the project. The study of this thesis aims to identify and compare the best practices of risk management in build operate transfer projects and conventional projects. This approach also combines aspects of soft and hard skills. This methodological approach involves a literature review to underpin the conceptual framework and a survey to identify the best practices of risk management in build operate transfer projects and conventional projects in Pakistan by using structural survey form. It is a quantitative research. A self-administrated questionnaire comprising of two parts: closed ended questions were asked about gender, age, organization, service, employment type and project. Other variables taken and used within study are linked with 5 points likert scale so that the respondents could select them according to their experiences and attitude towards the variables. The data was analyzed based on sample survey forms collected from reputed companies of Pakistan such as NHA, FWO and NESPAK. The fieldwork involved interviews with project managers and the professionals working on build operate transfer and conventional projects. The total sample size comprises of 70 respondents and the sampling technique that is used is simple random sampling. Further-more data is analyzed by using independent sample t-test. The structural model presented herein provides a means for correlating the hard and soft sides of risk management understanding the best practices of risk management in build operate transfer and conventional projects in Pakistan. The results of the study reveal the best practices of risk management in conventional and BOT projects and its impact on the project success.Item Impact of Shareholders’ Activism on Governance Practices and Firm Performance in Pakistan: A Response for Family Controlled Firms(Library Information Services, CUI Lahore, 2019) Ayesha Amjad; CIIT/FA17-RMS-008/LHR; Dr. Sajid NazirWith deep gratitude I would like to offer my thankfulness to Dr. Sajid Nazir, my supervisor, for constant guidance and direction that enabled me in completing my thesis. His analytical approach and critical eye assisted me in improving my work and helped me in giving final shape to my thesis.Item Financial Literacy, Emotional Intelligence and Cognitive Biases Shaping Investor Behavior: Mediating Role of Risk Perception and Moderating Effect of Personality Traits(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2022) Muhammad Ishfaq; FA18-PMS-004; Dr. Sajid Nazir; LHR TP 8010The stock market behaves according to investors' rational decisions and is reflected by the available market information. Contrary, prospect theory (1979) stated that the irrational behavior of an investor effect the investment decision. Investors are concerned about maximizing their profit at minimum cost. This study primarily focuses to check investors' behavior in the short and long-term investment intentions. This study is unique because it investigated how financial literacy, emotional intelligence, and cognitive biases (Overconfidence, disposition effect, and heuristic bias) affect investment intentions via the intervening effect of risk perception and the moderating role of personality traits. This study also examines the direct and indirect effects (via investors’ risk perception) of cognitive biases on the investor's intentions. 528 questionnaires are correctly entered and the results are generalized to the whole population related to the investors of the Pakistan Stock Exchange. For getting the responses from the target population, convenience base sampling is used. AMOS is applied as statistical software for validity and inferential concerns. Confirmatory factor analysis and exploratory factor analysis are used for the confirmation and extraction of items. Moreover, Validity is applied through Discriminant and Convergent validity. Process Macro, proposed by Hayes (2017) applied to check the mediation and moderation results. Questionnaires are distributed to investors registered on Pakistan Stock Exchange. The results show that neurotic investor behavior moderates the overconfidence, heuristic and investment intention during the short term period. But other personality traits having no moderation under the short-term period. Results also add in the literature that the relationship between the disposition effect and investment intention does not impact under long-term investment. The finding of this study recommended that other behavioral biases can also impact decision-making so those biases should be used as independent variables. It is also recommended that the study must be done on the commodity market and comparison should occur between the behavior of stock exchange and commodity market investors.Item Measuring Project Success and Business Competitive Advantage through Incorporation of Sustainability Principles and Sustainability Disclosure: Moderating Effect of Stakeholder Pressure(Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-03) Irfa Noor; SP19-RPM-006; LHR TP 6394; Dr. Sajid NazirSustainability is without a doubt, one of the most important challenge of our time. Recently many researchers have been trying to link sustainability with project management as there is very little guidance available on what is meant by sustainable project management and the responsibilities of the project management to disclose their sustainability activities. Organizations are trying to incorporate sustainability in their business strategies, marketing and communication. Sustainability is receiving more and more attention and the link between sustainability and project management is still being built and is underdeveloped. The main objective of this study is to investigate the impact of sustainability principles and sustainability disclosure on project success in the presence of competitive advantage as a mediator and stakeholder pressure as moderator. 314 valid responses were collected from project-based organization across Pakistan. Hayes process and IBM SPSS were utilized for data analysis. The study finds that sustainability principles and sustainability disclosure have significant positive impact on project success. The study also finds that competitive advantage significantly mediates the relationship between sustainability principles and project success and also mediates the relationship between sustainability disclosure and project success. The findings of the study have managerial and theoretical contribution and will be helpful for the organizations to gain competitive advantage and project success through incorporation of sustainability principles and practicing sustainability disclosure.Item Corporate Social Responsibility Disclosure and Financial Performance: Moderating Role of Sub National Institutional Contingencies(Library Information Services COMSATS University Islamaabad Lahore Campus, 2020) Muhammad Hamza Khan; FA18-RMS-015; LHR TP 6349; Dr. Sajid NazirOver the past few decades, the disclosure about corporate social responsibility (CSR) activities has increased due to increased awareness. This study investigates moderating role of sub national institutional contingencies on the relationship between corporate social responsibility disclosure (CSRD) and financial performance (FP) and the relationship between environmental disclosure (ED) and FP in context of Pakistan. The study uses OLS (ordinary least squares) technique to draw interference from data. We use CSRD index which consist 40 items under the five main themes and for environmental disclosure this study develop an environmental index based on 10 items. Sub-national institutional contingencies (SNIC) consists four factors, ownership concentration, developed & non- developed regions, family ownership and group affiliation. FP measure in two way accounting measure and market measure.We find positive association in CSRD and financial performance and also positive relationship between ED and FP. We find reliable evidence that SNIC (family ownership, ownership concentration and regional development) have negative and significant impact on CSRD and ED but group affiliation have no effect on CSRD and ED. Moreover, SNIC moderate the positive and relationship between CSRD and FP and also in ED and FP. The relationship is stronger in non F own firm, own-con, less developed region and G-Aff as compare to their counterparts. From a practical point of view, the study shows that decision makers, executives and managers should avoid “one-and-for-all” strategy. By contrast, They need to be evaluated immediately effect of family ownership, ownership concentration, regional development and group affiliation characteristics. Considering the weak performance by the firms in family owned firms, non ownership concentration, regional development and non-group affiliation firms, policymakers and governments should increase information transparency, enact stricter regulations, and encourage these companies to improve their corporate social and environmental disclosure. It also provided insights into other emerging economies, especially those with special government intervention.Item Exploring the Barriers to sustainable product service system adaptation in the manufacturing industry(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2020) SABA; FA18-RBA-011; Dr. Sajid Nazir; LHR TP 6043The main objective of this study is to examine the barriers which appear while implementing sustainable product service system in the manufacturing industry for their non-assembled products both from the perspective of customers and providers. Additionally it is been explore that to how the manufacturing companies can handle these barriers. The study is based on exploratory case-based study method with an abductive approach. 25 interviews were conducted from the individuals of different manufacturing industries and the nature of interview was qualitative. The interviews were split into two parts, the first phase was based on exploratory interviews and the second phase was based on semi-structured interviews, the accumulated data then analyzed with the proposed thematic analysis. The primary findings of this study is divided into five different overarching categories among which three categories were originated from the interview of provider’s perspective and other two from the customer perspective. The provider categories are: Features of manufacturing industry, customer and market awareness and exclusive information required, whereas the categories of customer comprises of fundamental management practices and customers’ perspective of servitization. The findings of the study suggest that some theories in literature review cannot be transferred to products that are not assembled. Later, the study provide the clarity about how multiple barriers could be managed which are absent from the today’s literature of PSS