Department of Management Science

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Author: search.filters.author.Dr. Ammar AbidSubject: search.filters.subject.Department of Management Sciences

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    Examining the Cash Flow Management Practices in the Construction Industry: A case of Pakistani Firms.
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-08) Mohsin Bashir; SP17-RPM-009; LHR TP 6058; Dr. Ammar Abid
    Cash flow management is very vital for the survival of any kind of firm but for a construction firm, its importance increases as a lot of firms are being bankrupted due to poor cash flow management. Construction firms are failing to deliver successful projects as they become shorthanded on cash due to irregular progress payments of projects from clients. The application of best cash flow management techniques are becoming more and more desirable for the project to be profitable and successful. So, the core objective of the study is to find the best ‘cash flow management practices’ applicable in the construction firms of Pakistan and effects of these practices on the project success. Data will be through a structured questionnaire focused towards the financial and project managers of 20 construction firms located in Punjab Province. Empirical data is tested by using SPSS technique and results are deduced. All the hypotheses of the study are validated. The results showed that cash flow management practices i.e. self-financing practices and debt-financing practices have a positive impact on success of a construction project. Performing cash flow forecasting increases the chances of getting successful project. Hence, Project Manager (PM) has to select best possible combination of cash flow management practices for keeping the balance between cash outflow and cash inflow, as he has highest authority while working on a project
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    The Impact of Transformational Leadership Style on Project Success through Teamwork; The Moderating Role of Inter-Organizational Relationships
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2020) Muhammad Fahad Mateen; CIIT/FA17-RPM-007/LHR; Dr. Ammar Abid; LHR TP 6385
    In modern times, the number of projects is exponentially increasing and organizations are becoming more and more Project-oriented with every passing day. Project Success has become the ultimate target for every Organization and Project Manager. However, Project Success rates have not been as high as these organizations and managers would desire. Research is still being done to understand and identify the elements of project success and mitigate the probability of failure of projects. Till date, multiple components have been identified that influence project success including characteristics of a project manager, role of organization and inter-personal skill etc. The research is an attempt to further probe into the role of Project Manager, Project Team and Organization to understand their contribution in project success. Previous studies have proved that Teamwork and Transformational leadership have a significant impact on project success. This study extends the horizons of this relationship by including an external influencing factor i.e., Inter-organizational Relationship (IOR) to validate its influence on project success within public plus private sectors. A quantitative study was conducted considering the firms operating in Lahore, Pakistan as the subject population of the research. A sample size of 222 was considered and an approach of convenience sampling was adapted to collect data through questionnaires. Regression was applied on the primary data acquired from the respondents which proved that the Project Manager’s Transformational Leadership Style has a substantial and constructive effect on quality of teamwork, wherein teamwork acts as a mediator between project manager’s style of leadership and Project Success. Furthermore, the Inter-Organizational Relationship act as a moderator between the relationship of Project Manager’s Transformational Leadership style and Project Success. Through data collected from Project Managers of firms operating in Lahore, Pakistan, the study allows to express a bigger picture towards the role of Project Manager, Project Teams and Organization leading to Project Success. In theory, incorporation of external ix constraints like IOR and their influence on Project Success completely changes the dimensions of previous studies and articulates the fact that Projects are an open-system rather than a closed-system and should be studied as is, in order to achieve more accurate results.
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    CEO Power and Systemic in Banks: Role of Corporate Governance and Risk Governance Mechanisms
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2023-02-09) Tabraiz Khalid; SP22-RMS-001; Dr. Ammar Abid; LHR TP 8765
    The study investigates the impact of CEO Duality, CG (corporate governance) and RG (risk governance) mechanisms on the systemic risk along with investigating the moderating role of CG and RG on the relationship between CEO power and systemic risk by using a sample of 88 large listed commercial banks from 11 Asian countries namely Pakistan, China, India, Bangladesh, Bahrain, Jordan, Philippines, Saudi Arabia, Turkey, Thailand and UAE. The study utilizes OLS (ordinary least square), random effect and fixed effect models and evidences the negative influence of CEO Power, CG and RG mechanisms on the systemic risk, only a few positively influencing the systemic risk such as CRO Presence and RMC (Risk management Committee) meetings. The findings show that a few CG and RG mechanisms significantly moderate the relationship between CEO power and systemic risk such as board size, RMC meetings, CRO (chief risk officer) presence. The influence of CEO power, CG and RG mechanisms is also investigated using the GMM approach to tackle endogeneity issues. The results of OLS, random effect, fixed effect are consistent with the GMM. Moreover, the moderation results of CG and RG mechanisms on the relationship between CEO power and systemic risk are also improved. CG mechanisms board size, board independence and board meetings significantly moderate the relationship between CEO power and systemic risk. RG mechanisms RMC presence, RMC size, CRO presence and CRO independence also significantly moderate the relationship between CEO power and systemic risk.
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    Beyond gender diversity: Two shades of women directors and bank cash holdings
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) Ahmed Younas; SP21-RMS-002; Dr. Ammar Abid
    The study examines the impact of women directors on bank cash holdings for a sample of 187 listed commercial banks from 14 countries namely Bangladesh, India, China, Pakistan, Malaysia, Saudi Arabia, Sri Lanka, Thailand, Turkey, UAE, Jordan, Philippines, Oman and Indonesia. The study uses both fixed and random effect specifications and documents a negative association between women directors and cash holdings. The results indicate women directors support agency motive, instead of precautionary. Further, it examines the role of critical mass of women directors and documents that presence of three or more results in lower level of cash reserves. Moreover, it investigates the role of educational women experts (highly educated women directors and business women directors) and women financial experts in shaping cash policy. From these shades, results show business women directors increase cash holdings level supporting precautionary savings hypothesis instead of agency. The impact of women directors on bank cash holdings is examined using two-step system GMM approach in order to address endogeneity issue. Regression results are same as reported under fixed effect and random effect specifications i.e. a negative and significant relation. Regarding highly educated women directors, GMM estimations show that such women lower cash levels. Business women directors are significantly and negatively related to cash to total asset ratio. Interestingly, the women financial experts are found to increase the level of excess reserves, supporting the argument that such women directors on board think that holding excess reserves provide cushion against potential risks and uncertainties, thus are supporting precautionary motive.
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    Board Gender Diversity and Risk Taking: Evidence from European Banks
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) Farva Ali; FA19-RMS-007; LHR TP 8128; Dr. Ammar Abid
    The focus of this study is to examine the impact of board gender diversity on the risk – taking activities of the banks. The research investigates the impacts of various aspects of gender diversity in boards on the risk relevant decisions taking European countries into account. Out of assorted types of risk that a bank faces credit risk, operational risk, insolvency risk and the liquidity risk have been highlighted. Also, various aspects of corporate governance that gained the popularity as the aftermath of global financial crisis like women leadership or their demographical attributes have been taken into account in the context of risk management of the banks. The results show that women on board significantly reduce the bank risks. These results implicate that when women are given the top positions in the hierarchy, they place their impact on the risk assessments and afterwards in the selection of the riskier opportunities and bar the overdue risk acceptance. The study is made on a comprehensive sample of listed banks across 21 European countries covering all its cardinal directions during 2010 – 2018. The opaqueness of banks’ business makes this entity distinct from the corporate industry and hence it is studied in a separate research line. This study will be an attempt to abate the disparity found in the research line that caters the banking industry
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    Effects of Project Related Factors and Project Innovation on Project Financial and Environmental Performance: A study across the Construction Sector in Pakistan
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-01-30) Hafiz Muhammad Bilal; FA17-RPM-002; Dr. Ammar Abid; LHR TP 6059
    Construction projects are escalating rapidly day by day. Therefore, evry organization need a successful completion of the project with the growth of financial performance. The success is the most important part of the project for the existence of the organization as well as the other stakeholders and the employees of the firm. Once in a while, the project implementation do not come up the success. There are plenty of grounds behind the cost overrun or delays. It consists of the factors like managetial discretion, project innovation, institutional pressure or lack of environmental awareness. Present day researchers are designating the significance of the project innovation towards performance growth. The study used a quantitative method for making the scence of the relation among the PRF and PI, plays a significant role. A research model was equating the project innovatoion on the project financial and environmental performance respectively, with the moderating effect of institutional pressure and environmental awareness was examining the association. The association was examined by 208 respondents of the construction firms of Lahore, Pakistan. Statistical inference showed that project related factors (PRF) had signicant association with project innovation (PI), project innovation had the effect on project financial and environmental performance respectively. The reseach will lead the organizations and other stakeholders of the construction projects towards high gain in the financial and environmental performance by adopting the latest technologies to avoid the pollution, and project innovative behavior.
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    Examining the Cash Flow Management Practices in the Construction Industry: A case of Pakistani Firms.
    (Library Information Services COMSATS University Islamaabad Lahore Campus, 2020) Mohsin Bashir; SP17-RPM-009; Dr. Ammar Abid; LHR TP 6058
    Cash flow management is very vital for the survival of any kind of firm but for a construction firm, its importance increases as a lot of firms are being bankrupted due to poor cash flow management. Construction firms are failing to deliver successful projects as they become shorthanded on cash due to irregular progress payments of projects from clients. The application of best cash flow management techniques are becoming more and more desirable for the project to be profitable and successful. So, the core objective of the study is to find the best ‘cash flow management practices’ applicable in the construction firms of Pakistan and effects of these practices on the project success. Data will be through a structured questionnaire focused towards the financial and project managers of 20 construction firms located in Punjab Province. Empirical data is tested by using SPSS technique and results are deduced. All the hypotheses of the study are validated. The results showed that cash flow management practices i.e. self-financing practices and debt-financing practices have a positive impact on success of a construction project. Performing cash flow forecasting increases the chances of getting successful project. Hence, Project Manager (PM) has to select best possible combination of cash flow management practices for keeping the balance between cash outflow and cash inflow, as he has highest authority while working on a project.