Fizza Irfan, Muhammad Usman, Zahid Bashir and Sabeeh Iqbal
This study aims to examine the influence of voluntary disclosure on bank value in Pakistan, considering the moderating effect of corporate governance characteristics: ownership…
Abstract
Purpose
This study aims to examine the influence of voluntary disclosure on bank value in Pakistan, considering the moderating effect of corporate governance characteristics: ownership control, board independence and board size.
Design/methodology/approach
The study uses data from 20 listed Pakistani banks for the period 2011–2021. The estimation contains robust fixed effect and its assumptions, and a model of standard error with panel corrections.
Findings
The findings revealed a weak positive impact of voluntary disclosure on bank value. However, the increase in the number of independent directors strengthens the positive impact of voluntary disclosure on a bank’s value. Conversely, increasing the ownership concentration, and board size (other than independent directors) may strongly decrease the impact of voluntary disclosure on a bank’s value in Pakistan.
Research limitations/implications
The study’s limitations include its exclusive focus on the Pakistani banking industry. Future research should take into account newer contexts and data. The findings suggest that future research should investigate the topic in various contexts, including a comparison of Islamic and conventional banks.
Practical implications
The practical implications for Pakistani banks emphasize transparency, board composition and ownership structure. In terms of managerial implications, using independent directors, aligning ownership interests and addressing disclosure challenges are highlighted.
Originality/value
Focusing on independent directors, ownership concentration and board size, this study enhances knowledge of the impact of voluntary disclosure on bank value in Pakistan. It contributes to agency theory and the literature in this domain.
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Zahid Bashir, Muhammad Sabeeh Iqbal, Muhammad Aamir and Muhammad Usman
The study aims to identify the preferred factors among economic, social and governance (ESG) that influence the decisions of Pakistani retail investors.
Abstract
Purpose
The study aims to identify the preferred factors among economic, social and governance (ESG) that influence the decisions of Pakistani retail investors.
Design/methodology/approach
The researchers collected the required responses through self-administrative comparison questionnaires from a sample of 512 individual investors of Pakistan Stock Exchange (PSX). To test the study’s hypothesis, the researcher applied a fuzzy analytic hierarchy process (AHP).
Findings
The findings indicate that the most crucial dimension for an individual investor in Pakistan when making investment decision is environmental criteria. However, investors prioritize governance second and social factors third, according to fuzzy AHP estimations.
Research limitations/implications
The findings are applicable and generalizable to the financial equity market of Pakistan for an individual investors only. Future research may explore ESG priority among institutional investors.
Practical implications
The study enhances the theory of responsible investment by incorporating the ESG dimensions that influence individual investors’ decisions in Pakistan. It holds practical implications for individual investors, investment/financial advisors, companies, regulatory authorities, stockbrokers, investment firms and society.
Originality/value
The study contributes to extending the theory of socially responsible investment and fills a research gap in the domain of ESG dimensions as a priority for investment decisions by individual investors in Pakistan.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2023-0791
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Sabeeh Ullah, Muhammad Haroon, Shahzad Hussain and Ajid Ur Rehman
Islamic label of an organization attracts Muslims for investment. There is a rising concern with a huge profile of corporate governance related to the Islamic rules (principles)…
Abstract
Purpose
Islamic label of an organization attracts Muslims for investment. There is a rising concern with a huge profile of corporate governance related to the Islamic rules (principles). In this context, this study aims to examine the effect of Islamic labelling on corporate governance in the Pakistani setting.
Design/methodology/approach
This study used a panel data set comprising 120 non-financial Shariah-compliant and non-Shariah-compliant Islamic firms listed on the Pakistan Stock Exchange over the period 2013–2020. For analysis, this study used static panel data estimation techniques. Moreover, for robustness check, this study also applied the system generalized method of movements procedure.
Findings
The findings deduced from empirical estimations reveal that Islamic labelling is positively associated with corporate governance. Overall, results indicate that Islamic labelling promotes corporate governance practices in Pakistan.
Originality/value
It is of utmost importance in terms of both theoretical and empirical context that Pakistan is a Muslim country having a 96.5% Muslim population, and it is evident that Muslims are allowed to execute their business under the guidance of Shariah principles. This study is unique because most of the previous literature provides empirical support related to the impact of corporate governance on capital structure, profitability and firm performance in conventional and Islamic firms. Practically, there is scarce literature on this issue.
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Amina Muazzam, Aqsa Shabbir, Naveed Iqbal, Muhammad Faran, Mubeena Munir and Fatima Kamran
Sexual harassment on public transport puts women at risk of mental health problems, apart from disrupting their lives and the harmful social consequences. This is especially the…
Abstract
Purpose
Sexual harassment on public transport puts women at risk of mental health problems, apart from disrupting their lives and the harmful social consequences. This is especially the case for Pakistani women, for whom sexual harassment has been on the rise for the past decade. This study aims to explore how Pakistani women use strategies to cope with sexual harassment when using public transport and its mediating role in their issues with mental health.
Design/methodology/approach
Given that the data collection task on such a culturally sensitive topic was crucial, a mobile application for anonymized data collection was used, which appeared to be an effective strategy. Using the mobile application, 1,054 women who use public transport submitted their responses; however, the analysis is based on 250 usable responses. Their experience of harassment was measured using the Sexual Harassment Experience Questionnaire, their mental health using the Depression Anxiety Stress Scales and their coping strategies by the Brief Cope Inventory.
Findings
The results indicate that adaptive coping is a significant negative mediator between sexual harassment and mental well-being, whereas maladaptive coping is non-significant. Adaptive coping, i.e. “Acceptance” to admit the reality that the problem exists with all, and “Religion” to seek help spiritually to deal with the problem. Unfortunately, the findings show no suitable coping means to deal with the impact of sexual harassment on women who travel on public transport. This study also illustrates that using the right technologies can encourage participants to submit responses for culturally sensitive topics.
Originality/value
This study provides insight into the experience of street harassment in Pakistani women and how it is related to mental health. This study also explores the role of adaptive and maladaptive coping as an intervening variable between street harassment and mental health.
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Josivan Leite Alves, Jeniffer de Nadae and Marly Monteiro de Carvalho
This study aims to explore the moderating effect of communication barriers (CBs) on the relationship between knowledge sharing barriers (KSBs) and knowledge management (KM)…
Abstract
Purpose
This study aims to explore the moderating effect of communication barriers (CBs) on the relationship between knowledge sharing barriers (KSBs) and knowledge management (KM), considering the two enablers, technology and organizational culture, in the project context.
Design/methodology/approach
The authors adopted survey-based research approach. The data were analyzed using partial least squares structural equation modeling (PLS-SEM), applying the SmartPLS 3.0 software.
Findings
The results show the significant and positive effect of both enablers (culture and technology) on KM. Furthermore, the authors identify significant relationship between KSBs and communications barriers. Finally, it elucidated the moderate effect of CBs.
Research limitations/implications
The data are cross-sectional rather than longitudinal, which limits temporal interpretations of the associations between exploitative and exploratory learning and innovative strategies.
Practical implications
The results can guide organization toward cultural and technological issues supporting KM. Moreover, for project managers and practitioners it shows the importance to avoid communications barriers, driving efforts and resources to manage the flow of information efficiently, developing communication processes that integrate the project team and reducing CBs.
Originality/value
The study reveals complex paths that organizations take toward KM. The research findings show how CBs play a critical moderating role in the relationship between KSBs and KM.