In the past decade, there has been strong growth in Islamic finance and banking across the globe, there is little empirical evidence on the impact of religiosity on financial…
Abstract
Purpose
In the past decade, there has been strong growth in Islamic finance and banking across the globe, there is little empirical evidence on the impact of religiosity on financial decisions. This paper aims to address this issue.
Design/methodology/approach
This paper uses an experimental design to investigate the investment behaviours of a group of Muslims.
Findings
The paper finds that Islam does influence investment behaviour, however, the degree to which it does this is influenced by the degree of religiosity of the individual. In addition, evidence is found of “Western style” wealth maximisation amongst Muslim investors as well as a desire to consider sustainable investment principles in asset allocations.
Research limitations/implications
These findings have implications for investors, financial advisors, and policy makers.
Originality/value
The paper is original its use of the experimental design to test the impact of religiosity in the context of investment decisions by Muslims.
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Muhammad Tahir, Muhammad Mumtaz Khan, Imran Naseem, Syed Afzal Moshadi Shah and Arshad Hayat
Improving the quality of life of the masses is the prime objective of all policymakers of both developed and developing countries. However, the determinants of improved quality of…
Abstract
Purpose
Improving the quality of life of the masses is the prime objective of all policymakers of both developed and developing countries. However, the determinants of improved quality of life are not well explored in the empirical literature. This study has, therefore, tried to identify the determinants of quality of life by focusing on military expenditures.
Design/methodology/approach
Panel data from 1990 to 2017 are collected from internationally reliable sources for the Association of Southeast Asian Nation (ASEAN hereafter) member countries, and suitable econometric techniques are employed to estimate the designed models.
Findings
The results show that military expenditures have affected the quality of life of the ASEAN member countries both negatively and significantly. Similarly, the inflation rate has also negatively affected the quality of life. In terms of magnitude, the negative impact of the inflation rate on quality of life has exceeded than the impact of military expenditures. On the other hand, trade openness, per capita income, urbanization and government expenditures have played a positive and significant role in improving the quality of life in the ASEAN region. Moreover, it is found that the positive impact of per capita income on quality of life is highest among other determinants.
Originality/value
This study provided comprehensive evidence about the relationship between military expenditures and quality of life in the ASEAN context. Consequently, the ASEAN member economies will benefit a lot from the results of this study.
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Jawad Raza, Mohsin Raza, Tahir Mustaq and Muhammad Imran Qureshi
The purpose of this paper is to study the thermal behavior of radial porous fin surrounded by water-base copper nanoparticles under the influence of radiation.
Abstract
Purpose
The purpose of this paper is to study the thermal behavior of radial porous fin surrounded by water-base copper nanoparticles under the influence of radiation.
Design/methodology/approach
In order to optimize the response variable, the authors perform sensitivity analysis with the aid of response surface methodology (RSM). Moreover, this study enlightens the applications of artificial neural networks (ANN) for predicting the temperature gradient. The governing modeled equations are firstly non-dimensionalized and then solved with the aid of Runge–Kutta fourth order together with the shooting method in order to guess the initial conditions.
Findings
Numerical results are analyzed and presented in the form of tables and graphs. This study reveals that the temperature of the fin is decreasing as the wet porous parameter increases (m2) and the temperature for 10% concentration of nanoparticles are higher than 5 and 1%. Physical parameters involved in the study are analyzed and processed through RSM. It is come to know that sensitivity of temperature gradient to radiative parameter (Nr) and convective parameter (Nc) is positive and negative to dimensionless ambient temperature (θa). Furthermore, after ANN training it can be argued that the established model can efficiently be used to predict the temperature gradient over a radial porous fin for the copper-water nanofluid flow.
Originality/value
To the best of our knowledge, only a few attempts have been made to analyze the thermal behavior of radial porous fin surrounded by copper-based nanofluid under the influence of radiation and convection.
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Usman Ahmad Qadri, Mazuri Binti abd Ghani, Shumaila Bibi, Abdul Haseeb Tahir, Muhammad Imran Farooq and Abdul Rauf Kashif
The aim of this study is to investigate the serially mediating effect of knowledge management (KM) practices (namely, knowledge creation, storage and sharing) on the…
Abstract
Purpose
The aim of this study is to investigate the serially mediating effect of knowledge management (KM) practices (namely, knowledge creation, storage and sharing) on the organizational learning (OL) and organizational performance (OP) relationships during a crisis.
Design/methodology/approach
Based on theories-of-action, knowledge-based and resource-based theories, this study proposed a sequential mediation model where OL underlying mechanisms through which KM practices have facilitated OP during the crisis. The sample dataset contains 440 responses collected from the managers of the software development companies in Pakistan. The authors used Hayes Process macro with SPSS to test the study hypotheses.
Findings
The results of the study reveal that knowledge creation, storage and sharing serially mediate the relationships between OL and OP. These findings strengthen the argument suggesting that OL plays the key role in KM that helps software companies to mend their performance in times of crisis.
Originality/value
This study contributes to the KM literature in two ways: (1) grounded on the study's proposed framework, organizations can improve and manage their businesses in times of crisis and (2) learn how to generate new knowledge in response to business crises.
研究目的
本研究擬探討在危機中,知識管理做法(即知識的創造、儲存和分享),如何連續地在組織學習與組織績效之間的聯繫上起著仲介效應
研究方法
研究以行為理論、知識基礎理論和資源基礎理論之論據,提出了一個系統化的仲介模型,闡釋知識管理如何在危機中、透過以組織學習為基礎之機制,去促進組織之績效。數據集為取自在巴基斯坦的軟件開發公司工作的主管的440個調查答覆;我們以 Hayes, A. F. 的 PROCESS macro、並附以 SPSS,去測試我們的研究假設。
研究結果
研究結果顯示、知識的創造、儲存和分享,會在組織學習與組織績效之間的聯繫上,起著連續性的仲介效應。知識管理被認為可幫助軟件公司在危機中改善其表現不足之處,而組織學習在知識管理上或許扮演著關鍵的角色。研究結果強化了肯定這個角色的論據。
研究的原創性
本研究對知識管理文獻有兩方面的貢獻: (一)若以本研究提出的框架為基礎,組織可於危機中改善及管理其業務; (二)組織可學習如何創造新的知識,以能應對業務上極其困難的時刻。
關鍵詞
組織學習、知識管理做法、組織績效、行為理論、2019冠狀病毒疫情危機、軟件開發產業.
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Muhammad Asim Afridi, Muhammad Tahir, Aziz Ullah Sayal and Imran Naseem
The African region has experienced relatively lower economic growth and higher outflow of migration over the years. The purpose of this research paper, therefore, is to focus on…
Abstract
Purpose
The African region has experienced relatively lower economic growth and higher outflow of migration over the years. The purpose of this research paper, therefore, is to focus on the African region to investigate whether or not there is any link between the poor economic growth and rising outflow of migration.
Design/methodology/approach
Empirical data spanning from 1990 to 2015 are collected from reliable sources for 41 countries belonging to the African region. Appropriate estimating methodology that controls for unobserved heterogeneity both across time and across countries, and endogeneity is employed.
Findings
The results revealed that the migration has adversely influenced the economic growth of the African region as a whole. The splitting of sample into male and female migration also reflected the fact that the unsatisfied economic growth of the African region could be explained by the ever rising migration level. Other determinants such as employment and growth of physical capital have helped the region in the growth journey. Human capital has not played a vital role in economic growth as it is adversely affected by migration. Further, the study found support for the positive impact of moderate inflation on economic growth. The obtained results are robust to alternative methodologies and hence would be beneficial for policymakers.
Originality/value
The present study provides for the first time comprehensive empirical evidence on the relationship between migration and economic growth by focusing on Africa. Therefore, this study would be of prime importance for policymakers.
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Lisha N.M. and Vijaya Kumar Avula Golla
The purpose of the study is to explore the three-dimensional heat and mass transport dynamics of the magneto-hydrodynamic non-Newtonian (Casson fluid) hybrid nanofluid flow…
Abstract
Purpose
The purpose of the study is to explore the three-dimensional heat and mass transport dynamics of the magneto-hydrodynamic non-Newtonian (Casson fluid) hybrid nanofluid flow comprised of − as nanoparticles suspended in base liquid water as it passes through a flexible spinning disc. The influence of a magnetic field, rotation parameter, porosity, Darcy−Forchheimer, Arrhenius’s activation energy, chemical reaction, Schmidt number and nanoparticle shape effects are substantial physical features of the investigation. Furthermore, the influence of hybrid nanofluid on Brownian motion and thermophoresis features has been represented using the Buongiorno model. The novelty of the work is intended to contribute to a better understanding of Casson non-Newtonian fluid boundary layer flow.
Design/methodology/approach
The governing mathematical equations that explain the flow and heat and mass transport phenomena for fluid domains include the Navier−Stokes equation, the thermal energy equation and the solutal concentration equations. The governing equations are expressed as partial differential equations, which are then converted into a suitable set of non-linear ordinary differential equations by using the necessary similarity variables. The ordinary differential equations are computed by combining the shooting operation with the three-stage Lobatto BVP4c technique.
Findings
Graphs and tables are used in the process of analysing the characteristics of velocity distributions, temperature profiles and solutal curves at varying values of the parameters, along with friction drag, heat transfer rate and Sherwood number. It has been revealed that the radial and axial velocities decrease when the Casson parameter value increases and that the rate of heat transmission is higher in hybrid nanofluids with nanoparticles in the shape of a blade. The increase in Brownian motion and thermophoresis parameters causes a rise in the temperature profile. Also, an increase in the activation energy parameter improves the solutal curve. The use of nanoparticles was shown to improve extrusion properties, the rotary heat process and biofuel generation.
Originality/value
All results are presented graphically and all physical quantities are computed and tabulated. The current results are compared to previous investigations and found to agree significantly with them.
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Imran Abbas Jadoon, Raheel Mumtaz, Jibran Sheikh, Usman Ayub and Mohammad Tahir
The international institutions, policymakers and governments are promoting green growth as a policy objective for global financial stability (FS) without sound empirical…
Abstract
Purpose
The international institutions, policymakers and governments are promoting green growth as a policy objective for global financial stability (FS) without sound empirical investigation. Therefore, the purpose of this study is to investigate whether the green economy would be successful in achieving its main objective i.e. stabilizing the world financial system because the investment stakes are too high for this green transition.
Design/methodology/approach
The study used the two-step system generalized method of moments (GMM) methodology on panel data of 90 countries for 6 years from 2010 to 2015 to investigate the impact of green growth economy on FS.
Findings
The results of the current study revealed that overall green growth enhanced FS in the country for both the short and long run. However, the social inclusive dimension of green growth was irrelevant in creating FS.
Research limitations/implications
The results of the current study validate the growth-led finance hypothesis and encourage the policymakers to strengthen the policy initiative for green growth. Because green growth mitigates economic and environmental risk to create a stable financial environment. However, social inclusiveness needs to be explored through alternate paradigm in relevance to FS.
Originality/value
As per the author’s knowledge, it is a pioneer study to empirically investigate the impact of green growth on FS which would be useful in understanding the green growth and FS dynamics.
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Muhammad Farooq, Imran Khan, Qadri Al Jabri and Muhammad Tahir Khan
The study hypothesized that the impact of board diversity on financial distress (FD) is not direct but rather mediated by the firm’s corporate social responsibility (CSR…
Abstract
Purpose
The study hypothesized that the impact of board diversity on financial distress (FD) is not direct but rather mediated by the firm’s corporate social responsibility (CSR) activities. Consequently, the purpose of this study is to examine the impact of CSR as a mediator in the board diversity–FD relationship.
Design/methodology/approach
The study examined six board diversity dimensions – age, gender, nationality, education and tenure in 81 nonfinancial Pakistan Stock Exchange (PSX)-listed firms from 2010 to 2021. The CSR engagement of the sample firms is evaluated using a multidimensional financial approach and the likelihood of FD is computed using Altman’s Z-score. The system-generalized method of moments estimator is used to meet the study objectives. In addition, several tests are run to determine the robustness of the study’s findings.
Findings
Based on the procedure for mediation analysis outlined by Baron and Kenny (1986), the authors found that CSR is significantly inversely associated with the likelihood of FD. Second, board diversity variables age, gender and national diversity were positively associated with CSR. Third, board age, gender and national diversity are significantly inversely related to FD. Finally, it was found that there is partial mediation between board age diversity and FD, whereas full mediation is shown between board age diversity and FD and between board nationality diversity and FD.
Practical implications
This study provides practical insights into PSX’s board diversity for companies, regulators and policymakers.
Originality/value
This research studies the connection between board diversity and FD. In addition, the current study extended the analysis by testing for the first time the mediating role of CSR in the diversity–distress relationship, particularly in the context of an emerging economy.
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Umair Ahmed, Muhammad Saeed and Shah Jamal Alam
This paper aims to explore the use and impact of social media, specifically Twitter (now X), in political mobilization in Pakistan. It focuses on the events followed by the…
Abstract
Purpose
This paper aims to explore the use and impact of social media, specifically Twitter (now X), in political mobilization in Pakistan. It focuses on the events followed by the no-confidence motion against Imran Khan as Pakistan’s prime minister in April 2022 and the protest campaign that ensued, facilitated through the strategic use of the Urdu hashtag #امپورٹڈ_حکومت_نامنظور (translated as “imported-government unacceptable”) on Twitter, both within and outside Pakistan.
Design/methodology/approach
Using Web scraping, data from Twitter was extracted and analyzed between 2022 and 2023. By probing into user account profiles and interactions with this hashtag, this paper investigates the claims surrounding the hashtag’s popularity, by identifying suspicious accounts and their contributions in the trending of the hashtag.
Findings
Findings suggest that the claim of the hashtag's unprecedented success was overhyped, further suggesting that the popularity and impact of the social media campaign were exaggerated. Despite high engagement rates, the study indicates a discrepancy between perceived influence and actual impact on public sentiment and political mobilization.
Originality/value
This paper contributes to the literature on social media’s role in political mobilization and agenda-setting in the Pakistani context. More generally, understanding hashtag dynamics and their impact on shaping public opinion, may be beneficial to academics and practitioners in better understanding the role of digital platforms in the politics.