Department of Management Science
Permanent URI for this communityhttps://repository.cuilahore.edu.pk/handle/123456789/20
Browse
9 results
Search Results
Item Safe Haven Investment in Green Bond against Chinese Sectoral Stocks: Portfolio Diversification Perspective(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2024) Mobeen Ahmad; CIIT/FA22-RMS-006/LHR; Dr. Syed Atif Ali; LHR TP 9414This study investigates the safe-haven role of Chinese green bonds against the Chinese industrial sectors' returns over the period of December 16, 2018, to December 14, 2023. By considering significance of financial investments and environmental considerations in global financial markets, understanding the potential of green bonds as a safe-haven asset is very important. To evaluate the performance of Chinese green bonds during extreme market conditions, the study employs a recently introduced cross quantilogram (CQ) approach. Furthermore, this research utilizes BEKK models to investigate the spillover effects between Chinese green bonds and industrial sectors that shed light on the interconnectedness within different markets. In doing so, the study contributes to the valuable knowledge of risk management strategies in financial markets. In a practical context, the calculation of hedge ratios and assessment of hedging effectiveness are integral components of this research, offering a nuanced understanding of the magnitude and viability of utilizing Chinese green bonds as an investment decision tool. The findings of CQ predict that Chinese green bond provides a strong safe haven against Chinese health, financial and real estate sectors for short-term investment horizon. It means that the risk associated with these sectors can be offset by making investments in green bond. However, green bond can be used to minimized the risk associated to energy, materials, industrials, consumer discretionary, information technology, communications services, utilities, and consumer staples sectors in short term period. Similarly, the findings of BEKK model confirm that conditional variances of all sector returns are affected by the level of their past conditional variances. Moreover, there is a bi-directional volatility effect for all sectors. The highest mean hedge ratio between green bond and financials has been found, thus, providing a greater hedging opportunity. Afterward, the green bond with health care and consumer discretionary has a higher mean hedge ratio. The findings of this study hold significance for investors, financial institutions, and policymakers seeking to navigate volatile markets while incorporating sustainable investment practicesItem The Impact of Self-Efficacy on Project Engagement in the software Development Projects:Moderating Role of Project Identification(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2024) Rabia Bashir; SP21-RPM-012; Dr.Muhammad Shakeel Aslam; LHR TP 9620In the software development industries, companies face a lot of challenges like, limitation of efficient resources, workload, high pressure to meet deadlines, project failures, competitive work environment, etc. Projects are often associated with the lack of self-efficacy which impacts the employee’s engagement in project and their productivity in work as well therefore Self-efficacy becomes a critical factor for project engagement. This research aims to determine the impact of Self-efficacy on project engagement. Additionally, the moderating role of Project Identification has been checked in this relationship. The study employed a quantitative approach using survey for the collection of data. A sample size of 203 people is finalized from the people working on different projects of IT sector. We approached different software houses for this purpose. The results of the study added significant insights into the existing study based on Self-efficacy. Also, the study proved that there is no significant moderating effect of Project Identification on the relationship of Self-Efficacy and Project Engagement. The findings also provided the invaluable insights to the software industries so that they can imply those measures into their companies and get some fruitful results.Item Impact of Corporate Governance on Firm’s Performance During the COVID-19 Pandemic: Evidence from Islamic and Conventional Firms(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) Naeem Iqbal; FA19-RMS-018; Dr. Waheed AkhterPurpose – The present research aims to determine the impact of Corporate Governance most significant attribute board diversity on firm’s performance in the context of Islamic and Conventional non-financial firms in Pakistan in Pre and during Covid-19 period. Design/methodology/approach – The analysis are made using the 130 non-financial firms comprises of 51 Islamic firms listed in the KMI-30 and KMI all shares index, and 79 conventional firms listed in the Pakistan Stock Exchange across various indexes over the period of 2011-2020 utilizes the OLS and panel fixed effect estimation technique for analysis. The robustness of findings is checked through alternative estimation techniques. Findings – The results show that in Islamic firms, board tenure diversity positively while board gender diversity has negative impact on performance. In conventional firms, board education and tenure diversity positively impact performance, while board age diversity has a negative impact. In Pre-Covid-19, board tenure diversity positively while age is negatively affected performance in Islamic firms. During Covid-19, board education diversity positively influenced Islamic firm performance. In Pre and during-Covid-19, board tenure diversity positively affected performance in conventional firms. During Covid-19 only gender diversity negatively affected performance in conventional firms. Other diversity indicators are insignificant in both Islamic and Conventional firms. Research limitations/implications – This study is conducted in the context of Pakistani Islamic and Conventional firms; thus, the study's findings on board diversity in Pakistani Islamic and conventional non-financial firms may not apply universally. Generalizing these findings should be approached cautiously due to distinct institutional and governance frameworks across economies. Practical implications – To enhance firms' competitive performance, policymakers should promote the incorporation of board members with diverse tenures and educational backgrounds in Conventional firms while diverse tenures in Islamic firms that align with the organization's needs. By adopting the education and tenure wise diverse board structure, firms can attract a wide range of stakeholders and effectively meet their expectations, thereby improving overall firm performance. x Originality/value – To the best of the authors’ knowledge, this is the first study that investigates the impact of board diversity on firm accounting-based performance and market-based performance in the context of Islamic and Conventional firms in Pakistan. This study uses RBV theory to provide a unique corporate governance structure based on board diversity, particularly in Pakistan.Item The Mediating effect of Safety Self-efficacy on Servant Leadership and Safety Compliance and Participation.(Library Information Services, COMSATS University Islamabad, Lahore Campus, 2022) Saba Ihsas; SP19-RPM-010; Dr. Basharat Naeem; LHR TP 7956The main purpose of this study is to investigate the relationship between servant leadership, safety compliance and safety participation through the mediating role of safety self-efficacy. Through an online survy, data collected from 125 managers, engineers, junior engineers, and labor supervisors residing in Rawalpindi Islamabad and Jhang, Pakistan. The current study uses a convenience sampling technique. The hypothesized model is tested through Partial least squares structural equation modeling (PLS-SEM). In the light of social exchange and social learning theory, this study investigates the antecedent involved in safety leadership. This investigation examines the role of servant leadership in workplace safety with mediating role of safety self-efficacy. The finding shows that this study can help practitioners and researchers to understand the power of leadership traits in how they can connect with employees’ self-efficacy and project safety and give the biggest boost to their businesses. Because it includes voluntary safety-related behaviors. The research also carries useful practical implications for managers that can help them to curb safety-related issues at work.Item Factors affecting Supply Chain operations - a case study of Food Company in Pakistan(Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-04) Taimoor Ishtiaq; SP19-RBA-004; Mr. Kashif Luqman; LHR TP 6378With globalization, companies rely increasingly on global sourcing to remain competitive in the environment and enjoy operational benefits. However with operational benefits does come certain risks and vulnerabilities. Food supply chain differs from other product supply chains and are more vulnerable. These risks/vulnerabilities arise from either internal environment (inaccurate forecasting due to longer times, bull-whip effect, information distortion, rate of product obsolescence, capacity flexibility etc) of the supply chain or from external environment (political instability, natural disasters, war, terrorism). The impact of internal risks is not greater and can be resolved with methods used in the past however the risks from external environment are and have greater impact. This project explores the factors from environmental volatility, political instability and transportation infrastructure affects the supply chain operations in food industry Pakistan. For this project, a food company has been selected and case study methodology has been used to answer the research question. By conducting unstructured interviews and analyzing secondary data, the factors from environmental volatility, political instability and transportation infrastructure were determined. Further it was analyzed how these factors affected the supply chain. This project contributes to the literature of risks in supply chain, food supply chain and supply chain disruptions. It will provide insight about the nature of risks and dealing these risks with better approach.Item The Influence of Corporate Social Responsibility on Organizational Performance: Moderating Effect of Responsible Leadership and Corporate Governance(Library Information Services COMSATS University Islamabad Lahore Campus, 2017-01-29) Muzhar Javed; FA13-PMS-009; Prof. Dr. Muhammad Amir Rashid; LHR TP 5800The mixed and inconsistent findings on corporate social responsibility and organizational performance (CSR-OP) relationship have exposed the universal approach as tenuous and questionable. Scholars argued that all CSR initiatives of all the organizations, all the time cannot be rewarded and they suggested contingency approach to determine under which conditions CSR could come along with benefits. Researchers suggested the use of moderating variables to control the ambiguity surrounding CSR-OP relationship. Stakeholder theory underpins this research. This study tested the direct effect of aggregate and segregated CSR on organization’s financial and non-financial performance. It also investigated the moderating effects of responsible leadership and corporate governance on the relationship between CSR and organization’s financial and non-financial performance. Data in this study were collected from managers of 361 public listed companies in manufacturing sector of Pakistan and 179 valid responses were analyzed. This study used SEM path analysis to test the hypotheses. Results regarding the direct effects of aggregate and segregated CSR revealed that CSR significantly influenced organization’s financial and non-financial performance. The results revealed that CSR towards employees has a stronger impact on organization’s financial and non-financial performance. Moreover, findings reflected that responsible leadership and corporate governance both significantly moderated organization’s financial and non-financial performance. However, good corporate governance strengthened CSR-OP relationship whereas responsible leadership weakened this association. This research theoretically contributes to CSR stream of research. This study has strong implications for business organizations, their managers and other disparate stakeholders. In summary, findings of the study suggest that stakeholder perspective of CSR is a win-win situation for organizations and their disparate stakeholders.Item Efficacy Of Critical Chain Project Management …(Library Information Services COMSATS University Islamabad Lahore Campus, 2018-01-29) Muhammad Zeeshan Khaliq; SP16-RPM-003; LHR TP 5217Critical Chain Project Management (CCPM) is a system for engineering, executing and directing meanders in the single and multi-project condition. (Lau E, Kong J 2006). CCPM passes on issues identified with meander timing, broadened costs, execution, and under-transport, versus standard strategies, for example, essential way, where the accentuation is resolved to tight holding and inquired. (Mother G, Wang A, Li N, Gu L, Ai Q, 2014). A Critical chain philosophy is an instrument and technique that movements the meander configuration by considering the constrained or restricted assets. It changes the basic way by joining deterministic and probabilistic strategies and deals with the vulnerabilities in the task. CCPM's way to deal with oversee standard errand association is confinement driven, and the need itself is the 'Critical Chain.' Traditional basic way (most expanded assembling of exercises) joined with asset essential is a key chain (Elmaghraby S.E.E., Herroelen W.S., and Leus R, 2003). The basic reason that CCPM can accomplish especially solid On Time Delivery (OTD) and short Project Lead Time (PLT) in the multi-meander condition is credited CCPM impacts amazing utilization of security to time implanted in errands by two changes: essential change and human practices change. CCPM sees the fundamental chain as a course of action of errands that outcomes in the most stretched out way to deal with extend satisfaction after asset leveling (Browning TR, Yassine AA, 2010).A central driver for enduring CCPM is interfacing additionally clear and shorter wind lead times. The dispute being this won't simply upgrade time-related demand winning criteria yet what's more lessen cost and refresh adherence to detail. Starter association with the CCPM speculation indicates benefits that beat the base execution necessities for the CCPM, regardless that the hypothesis can illuminate those focal concentrations (showed up contrastingly in association with the present basic way theory) are Improved wander accomplishment, Projects completed on time always; Projects passed on full degree, Project cost under spending design, Improved market position and business progress (Sympson W.P and W Lynch, 1999). Key chain wander affiliation (CCPM) is a procedure for designing and overseeing winds that supplement the favorable circumstances required to execute wind attempts (Raz, T. Barnes R. Dvir D, 2003).Item Capital Structure and Firm Performance: Moderating Role of Business Strategy and Competitive Intensity(Library Information Services COMSATS University Islamabad Lahore Campus, 2017-01-29) Sheikh Naveed Ahmed; FA10-PMS-006; Prof. Dr. Talat Afza; LHR TP 5937overall cost of capital but also helps in enhancing the overall performance of the firms. The purpose of the present research was three folds. Firstly, this study investigated the relationship between capital structure and performance of non-financial firms of Pakistan. Secondly, the novel contribution of the current study was to examine the moderating role of business strategy between the relationship of capital structure and firm’s performance. Thirdly, the present study also contributed in the existing literature by exploring the extent to which firm’s competitive intensity moderated the leverage-performance relationship. The data of 333 listed non-financial firms of Pakistan over the period of eight years (2006-2013) was selected for the final analysis. Both book and market based measures were utilized to compute the performance of the selected firms whereas capital structure of the firms was measured through three different proxies. Business strategy was divided into four strategic categories and Herfindahl-Hirschman index was selected to compute the competitive intensity of the firms. The results of the study depicted that capital structure negatively and significantly influence the accounting measures of performance whereas the relationship between capital structure and market performance (Q ratio) was significantly positive. In addition, the results showed that 31% of the selected sample firms were inclined towards the cost leadership strategy to accomplish their business objectives. The results of moderating analysis showed that cost leadership strategy positively moderate the relationship between capital structure and firm performance. It implies that debt financing is financially viable for the cost leadership firms. In addition, the results specified that when the firms try to maintain high debt ratio while pursuing a product differentiation or hybrid strategy, incur a significant performance penalty. Moreover, the results showed that debt financing is also harmful for the performance of “stuck in the middle” firms but the results were statistically insignificant in most cases. Furthermore, the results also revealed that product market competition can be used as a substitute for debt to limit the discretionary resources of the managers. Consequently, debt financing cannot create real financial benefits in the presence of high product market competition. Finally, based on the findings of the research, the present study also suggested some policy implications for the regulators, policy makers and firm’s managers.Item Supply Chain Hurdles in ABC Beverages Group Pakistan(Library Information Services COMSATS University Islamabad Lahore Campus, 2019-01-28) Musawar Juniaid; SP18-RBA-011; Kashif Luqman; LHR TP 5807Purpose of this study is to examine the effect of supply chain practices on organization’s performance. Glitches such as product packaging, demand uncertainty of new, old products and logistics management are highlighted. All supply chain problems were interrelated and have negative impact on organization. To conduct this research case study methodology was used. Information regarding the organization was gathered by visiting organization. Further interviews of senior management as well as other employees were conducted. Findings of the research work reveals that supply chain hurdles has been the core reason behind lower output level of organization. To cater the logistics management issues the deployment of Information communication technology (ICT) was the solution. The deployment of ICT requires changes in the working style of higher management along with the employees. For products packages issues alternative solution are discussed in detail solutions. To overcome the demand uncertainty forecasting techniques was found most appropriate