Search results

This study investigates the impact of board characteristics on the stock liquidity of Pakistani listed non-financial firms for the period 2007–2016.

The study uses fixed-effects regression model on a sample of 170 non-financial firms listed on the Pakistan Stock Exchange for regressing the impact of board attributes on stock liquidity while for addressing the endogeneity two-stage least-square (2SLS) and lagged structure models are used.

The study finds that board meetings (BM), directors' attendance (DAT) at BM, board gender diversity, the number of board subcommittees (NBC) and board foreign diversity (BFD) positively affect stock liquidity. Checking the robustness through 2SLS and lagged structure models, it is suggested that the findings are robust to the problem of endogeneity.

Outcomes of the study signify the role of novel board attributes in improving the stock liquidity which has implications for investors, the board of directors and policymakers.

The authors are the first to investigate the impact of novel board attributes–BFD, directors' remuneration (DR), DAT and the number of board sub-committees on stock liquidity. Up to the best of researchers' knowledge, these board attributes have never been examined before in relation to stock liquidity.

In order to encourage customers to try experience virtual tourism, researchers and practitioners pay more attention on how to improve customers' perception of authenticity.

Using the theory of cross-sensory compensation, through 4 experiments, this study examines the impact of social interaction and cross-sensory strategies on the relationship between virtual reality (VR) and improving customers' perception of authenticity and customer experience.

Through experimental research, this paper finds that (1) VR immersion has a significant positive impact on perception of authenticity, which in turn acts on customers' virtual tourism experience. (2) In addition, social interaction strengthens the relationship between VR immersion and customers' perception of authenticity. (3) The cross-sensory compensation has a positive effect on VR immersion to enhance customers' perception of authenticity.

The research conclusion provides a direction for further discussion on how to improve customers' perception of authenticity and provides theoretical guidance and reference for the virtual tourism industry.

The purpose of this paper is to offer an insight into the relevance for managers and leaders of what Huxley termed the “perennial philosophy”, a commonality of teachings found within the spiritual and indigenous traditions of all ages and all parts of the world.

The paper proposes the use of a thought experiment to explore the subjective experience of the individual who works in a way that is aligned to the perennial philosophy. The purpose of the experiment is to assess the value of the philosophy to the practical dimensions of management.

The thought experiment uses an account of an ancient craft worker, working in a manner prescribed by perennial wisdom, as the basis for extrapolating, to a modern situation, the potential fruits of such work. Greater mental clarity and a greater ability to see potential and “unimpededness” are recognized, as is a natural elegance in the products and services that result.

The “thought experiment” suggested only speculates on the possible results, and therefore can only provide a working hypothesis which must be tested in one's own experience.

The potential implications to a manager or leader of such an approach to work are very significant. If the effects of adopting the perennial philosophy are true, they result in a radically different understanding of effectiveness and how to produce the highest quality work.

The use of a thought experiment and the specific application of the perennial philosophy to the situation of the modern workplace are unique.

While existing research has explored the association between supervisor support and turnover intention among construction workers, there is a notable gap in the literature concerning the potential mediating role of work engagement in elucidating this relationship, warranting further investigation. The paper, hence, aims to examine the mediating role of work engagement in the relationship between supervisor support and turnover intention among construction workers.

Based on the quantitative research method, the hypothesis was tested. The data were collected from 144 construction professionals using a structured questionnaire. Observed variables were tested using confirmatory factor analysis, and the mediating role relationship was validated using hierarchical regression.

The outcome of this study shows a significant positive impact of work engagement and supervisor support on employee turnover intention. The study further showed that work engagement plays a mediating role in the connection between supervisory support and the intention to turnover and improve project and business performance. Turnover intention, on the other hand, negatively affects project and organizational performance.

By enhancing employee work engagement and perceptions of supervisor support, the findings of this study may aid construction organizations in making better judgments regarding the likelihood of employee turnover. The effectiveness of the project and the organization will likely be greatly impacted.

The results of this study provide supporting evidence and advance efforts at reducing employee turnover intention through work engagement and supervisor support in improving project and organizational performance.

The purpose of this paper is to review different microfinance products and services that can be offered to reduce the financial vulnerabilities of communities at risk. Following a detail literature review, the effectiveness of different forms of microfinance services in creating resilience in the affected communities was analysed and whether they can be applied to mitigate the risk of future disasters was assessed. In addition, the study was conducted to assess whether microcredit can help reduce direct risk exposure of the poor through income smoothing.

This study is based on a review of existing theories.

The notion that most vulnerable communities are financially weak is evident from studies. This study finds that microcredit can help reduce direct risk exposure of poor through income smoothing, while saving can help them recover from the losses of disasters. Our review also suggests that there is no specific model of microfinance services which can have a holistic impact on the financial capacity-building, particularly during the rehabilitation process.

There are different categories of microfinance products with distinct characteristics and associated benefits to the communities. Some of the major microfinance products as identified in this study are, saving products, credit products and insurance products. These products have multidimensional benefits, as there are many approaches adopted by microfinance institutions (MFIs) and clients regarding the use of these products. However this study focuses on the use of these products towards resilience development in the community. Other applications of these products still need to be explored.

There is a need for a comprehensive financial tool that can be effectively applied to expedite the process of rehabilitation and reduce the financial impact of disasters on the community, particularly the poor. Major issues in the context of disasters faced by MFIs to design their products in the affected areas are also highlighted in the study.

The study throws lights on different microfinancial tools such as microloans, microcredits and cash for work, etc. offered by banks and other organizations and highlights their role in the rehabilitation and reconstruction of those affected by disasters in different parts of the world.

This paper contributes to the discourse of microfinance and its social applications in developing countries. It provides original role of microfinance as a tool for creating community resilience to the impacts of disasters.

In recent years, data science has become a high-demand profession, thereby attracting transmuters (individuals who want to change their profession due to industry trends) to this field. The primary purpose of this paper is to guide transmuters in becoming data scientists.

An exploratory study was conducted to uncover the challenges faced by data scientists according to their educational backgrounds. An extensive set of responses from 31 countries was received.

The results reveal that skill requirements and tool usage vary significantly with educational background. However, regardless of differences in academic background, the data scientists surveyed spend more time analyzing data than operationalizing insight.

The collected data are available to support replication in various scenarios, for example, for use as a roadmap for those with an educational background in art-related disciplines. Additional empirical studies can also be conducted specific to geographical location.

The current work has categorized data scientists by their fields of study making it easier for universities and online academies to suggest required knowledge (courses) according to prospective students' educational background.

The conducted study suggests the required knowledge and skills for transmuters to acquire, based on their educational background, and reports a set of motivational factors attracting them to adopt the data science field.

The paper assesses the moderating function of institutions in the financial development and environmental nexus covering India for the time period 1980–2019.

Deviating from extant literature which has mostly used emissions of major greenhouse gasses as a measure of environmental quality, the present study uses a broad measure of environmental quality called ecological footprint (EFP). Financial development is measured using a robust proxy recently introduced by International Monetary Fund (IMF). This index is multifaceted and covers three broad dimensions of financial sector in terms of depth, efficiency and access of both financial institutions and markets, thus outperforming the exclusively bank-based measures used in the past literature. Further institutional quality index is generated using the data from international country risk guide. Finally, autoregressive distributed lag model is used for the empirical estimation of short-run and long-run results.

The empirical estimates reveal that financial development and institutional quality are good for long-run environmental sustainability of India, whereas economic growth degrades the environment in the long- run. The results also attest to the existence of pollution heaven hypothesis in India for long run. Furthermore, regarding the moderating role of institutions, the study reveals that institutional quality complements financial development in affecting environment in the short run. While as, in the long run, they play a substitutive role whereby sound institutions cover-up the inefficiencies in financial system.

First, the paper uses the index of financial development developed by the IMF in order to quantify the level of financial development in India overtime. The index is based on three key dimensions of financial development such as the depth, efficiency and access of both financial institutions and markets. However, the index completely neglects the role of financial stability in determining financial development. Thus, future studies that are based on this IMF introduced index of financial development should incorporate the stability dimension to it. Second, this empirical study focused exclusively on India and employed aggregate EFP to measure environmental quality. Further studies can complement the content of this research by conducting similar studies to capture country-specific characteristics of other emerging economies and also scrutinize the impact on the six sub-indices of EFP.

The results of the study reveal that the effect of financial development, and institutions on ecological footprint is sensitive to time dynamics. Moreover, the findings offer important policy implications to government and policy makers in India on how to curb the menace of environmental degradation.

The paper addresses the gap in the literature by examining the moderating role of institutional quality in the financial development and ecological footprint nexus in India. Furthermore, the authors employ a robust proxy for both financial development and environmental quality unlike extant studies on India.

Throughout the world, women encounter strong patriarchal values that promote the virtue of women's chastity. Within numerous conservative societies, such as certain regions of the Islamic Republic of Pakistan, the intactness of the hymen in a young woman is viewed as emblematic of her dignity, righteousness, and pride. Participants in our investigations highlighted that hymen rupture stigma remains prevalent in many parts of Pakistan, often leading to social consequences or disapproval of women who want to participate in sports. Additionally, participants disclosed that some women had internalized the hymen rupture stigma, and families might reinforce it. This chapter contributes to the limited scholarship concerning how social norms, hymen rupture stigma, and family values influence Muslim women's participation or lack of participation in sports in Pakistan.

This study aims to demonstrate how women's involvement in urban planning and design in Gulf cities improves urban space's inclusivity and strengthens identity through cultural heritage revitalisation. It also promotes the participation of women in architecture and city-making by showcasing how shaping urban spaces offers local communities opportunities for social interaction and a more inclusive environment.

The paper critically compares two case studies in the Gulf region—one in the United Arab Emirates and the other in Bahrain—according to four inclusion criteria: context connection, cultural sensitivity, community engagement and choices of amenities. These inclusion criteria are also applied to an experimental project by women architects' students in Saudi Arabia to inspire the future female architects of the Gulf region. From urban to architectural scales, the project offers a glance into the heritage design by women architects.

In light of this critical analysis, this study highlights the sensitivity to issues related to the revitalisation of urban areas by women architects. The case studies identified show the role of the female architect in making architecture and linking cultural heritage with contemporary themes. These projects stitch the past with the present and link cultural identity with aspects related to sustainable architecture. Therefore, valorising women's architectural experience is necessary to contribute to sustainable urban development in the Gulf region and beyond.

The present study addresses the importance of the role of women architects in the Gulf region. The research promotes the full and equal participation of women in the architecture and construction of the city to recognise their achievements by increasing their involvement in the work in a more integrated and balanced way.