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Article
Publication date: 9 March 2021

Jamshid Ali Turi, Ali Imtiaz and Shahryar Sorooshain

This technical note aimed to assess critically the need of the learning factories and living labs for sustainable educational and social development.

Abstract

Purpose

This technical note aimed to assess critically the need of the learning factories and living labs for sustainable educational and social development.

Design/methodology/approach

The study implied systematic research review and opinions of the expert to critically analyze the meaning and application of learning factory and living labs for social and educational development.

Findings

The study concluded that there is an urgent need for the collaboration among the entire stakeholder for establishing learning factory and living labs for social and educational development.

Originality/value

The technical study provides a unique perspective to educational and social development. It added to the traditional learning system by enlarging the venue of learning through stabling learning factories and living labs and insisted the higher educational institutions (HEIs) to open their door for general public for the inclusive development at national and international horizons.

Details

World Journal of Science, Technology and Sustainable Development, vol. 18 no. 2
Type: Research Article
ISSN: 2042-5945

Keywords

Article
Publication date: 9 December 2020

Bisharat Hussain Chang, Niaz Ahmed Bhutto, Jamshid Ali Turi, Shabir Mohsin Hashmi and Raheel Gohar

This study examines the short-run and long-run impact of macroeconomic variables such as industrial production index, inflation, exchange rate, interest rate, foreign…

Abstract

Purpose

This study examines the short-run and long-run impact of macroeconomic variables such as industrial production index, inflation, exchange rate, interest rate, foreign direct investment and trade balance, on KSE 100 index and sectorial stock indices under bearish, bullish and normal states of the stock market prices. Moreover, we take into account the effect of three crises observed from 2005 to 2009.

Design/methodology/approach

This study uses quantile autoregressive distributed lag (QARDL) model for examining the short-run and long-run effect across various quantiles of the dependent variables and compare its' results standard autoregressive distributed lag (ARDL) model.

Findings

ARDL estimates indicate that, in the long-run, industrial production index, trade balance and foreign direct investment significantly affect stock prices. These findings remain same when three crises have been taken into consideration. In addition, estimates from QARDL model indicate that, in the short-run, the effect of exchange rate, interest rate, consumer price index and foreign direct investment, varies across bearish, bullish and normal states of the overall stock prices. Moreover, the short-run findings for Auto Assembler, Cement, Commercial Banks sector are consistent with overall stock indices, whereas other sectors, such as, Oil and Gas and Power Generation and distribution are asymmetrically affected by all macroeconomic variables. In the long-run, the effect of all macro-variables varies across different states of the stock markets except industrial production index for Auto Assembler sector, Oil and Gas sector and composite index of KSE 100 index.

Originality/value

We take into account the effect of three crises observed from 2005 to 2009 and also examine the macroeconomic effect across bullish, bearish and normal states of the sectorial stock indices and composite index of Pakistan stock exchange. Finally, we use novel approach, called QARDL model, which has several advantages over other techniques.

Details

South Asian Journal of Business Studies, vol. 10 no. 2
Type: Research Article
ISSN: 2398-628X

Keywords

Article
Publication date: 21 June 2022

Jamshid Ali Turi and Muddassar Sarfraz

Political risk devastates social and economic developmental projects. Countries with political stability attract foreign direct investment (FDI) and engage domestic…

Abstract

Purpose

Political risk devastates social and economic developmental projects. Countries with political stability attract foreign direct investment (FDI) and engage domestic investment corporations. This study aims to investigate the impact of perceived organizational politics and political risk on project success, considering the moderating and mediating roles of ethical leadership and the psychological contract.

Design/methodology/approach

A multimethod approach was adopted in this work that includes an exploratory content analysis to confirm the latent factors of the variables under study. A measurement scale was developed and tested for perceived organizational politics, political risk, the psychological contract and ethical leadership in the projectized environment. Lastly, cross-sectional data were collected from the senior-level professionals of the projectized organizations and analyzed using SPSS and SMARTPLS techniques.

Findings

The findings indicate that ethical leadership and the psychological contract mitigate political risk. The study recommends that developing countries emphasize well-defined policies and standard operating procedures to streamline the project design and execution processes.

Research limitations/implications

The study claims that ethical leaders can play a vital role in mitigating perceived organizational politics and political risk and maximizing project value through the psychological contract.

Originality/value

Although previous research predicts that ethical leadership has very little effect on project success, this study provides critical theoretical and practical contributions to research on project success regarding leadership expertise and the psychological contract.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

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