• Is Pakistan Ready to Embrace Fintech Innovation? 

  Syed Kumail Abbas Rizvi; Bushra Naqvi; Fatima Tanveer (© Lahore School of Economics, 2018)

  payments, widespread internet and smartphone penetration, consumer preferences for social media and booming online commerce. Also, the State Bank of Pakistan provides sound regulations, which act as a platform for fintech ...
• Human and Social Capital Complementarities in the Presence of Credit Market Imperfections 

  Natasha Moeen (© Lahore School of Economics, 2018)

  This paper models the individual-level social capital effect the credit market constraints that reduce the accumulation of costly human capital. Human capital, in turn, improves an individual’s income as well as the ...
• Role of Financial Services in Economic Growth: Policy Implications for Pakistan 

  Jamshed Y. Uppal; Inayat U. Mangla (© Lahore School of Economics, 2018)

  In the last two decades, the financial services sector in Pakistan has seen remarkable growth and structural development. However, it is debatable whether the financial markets and institutions have contributed meaningfully ...
• Variance Persistence in the Greater China Region: A Multivariate GARCH Approach 

  John Francis Diaz; Peh Ying Qian; Genevieve Liao Tan (© Lahore School of Economics, 2018)

  This paper utilizes three Multivariate General Autoregressive Conditional Heteroscedasticity (MGARCH) models to determine variance persistence in the Greater China region from 2009 to 2014. The first approach applies the ...
• The China-Pakistan Economic Corridor (CPEC): Considering Contemporary Pakistan through Old-Fashioned Economics and Historical Case Studies 

  Matthew McCartney (© Lahore School of Economics, 2018)

  As part of the massive One Belt One Road (OBOR) project or ‘New Silk Road’ the governments of China and Pakistan have announced that a significant ‘corridor’ will be constructed in Pakistan. This paper looks in detail ...
• Inventory, Marketing and Markups of Exporters: The Case of Spinning, Weaving and Finishing Textile Sector of Pakistan 

  Imtiaz Ahmad; Zafar Mahmood (© Lahore School of Economics, 2018)

  This paper studies the impact of inventory-intensity, marketing-intensity and firm size on the markups of exporting firms. We used audited financial statement data of publicly listed companies in the spinning, weaving ...
• Entrepreneurial Behavior among University Students: Empirical Evidence from Pakistan 

  Syed Ahmad Hashmi; Shamila Nabi Khan (© Lahore School of Economics, 2018)

  Interdependent relationships among various psychological factors are instrumental in shaping university students’ general behavior toward entrepreneurship. Our study explored these relationships and their contingent ...
• Corporate Governance, Disclosure Quality, and Cost of Equity: Evidence from Pakistan 

  Safia Nosheen; Naveed-Ul-Haq; Muhammad Faisal Sajjad (© Lahore School of Economics, 2018)

  The link between disclosure of corporate information and the cost of equity in firms is one of the most important issues in finance. This paper aims to examine the connection between corporate governance, disclosure ...
• Determinants of Credit Infections: Evidence from Banking Sector in an Emerging Economy 

  Ayesha Afzal; Nawazish Mirza; Azka Mir (© Lahore School of Economics, 2018)

  This paper applies dynamic panel estimates on 22 commercial banks in Pakistan to determine the factors that affect their asset quality. Consequently, the study tests for a comprehensive array of both bank-specific and ...
• Do Investors Herd: Evidence from an Emerging Market 

  Safi Ullah Khan; Muhammad Faisal Rizwan (© Lahore School of Economics, 2018)

  Employing stock price data from a developing market, we examine whether investors’ trading patterns are characterized as herd behavior at the market and industry levels. Unlike results for some developing markets, linear ...
• Debt Maturity Structure, Firm Value and Underinvestment Incentive - The Case of Pakistan 

  Syed Sikander Ali Shah; Ali Murad Syed; Sana Sheikh (© Lahore School of Economics, 2018)

  This study examines the potential interaction of a firm’s financing and investment decisions. It studies broadly how firms manage underinvestment and liquidity risks. To estimate the effects of these decisions, the study ...
• How Efficient is the Islamic Banking Model in Pakistan? 

  Tahseen Mohsan Khan; Hamza Rizwan; Saima Akhtar; Syed Waqar Azeem Naqvi (© Lahore School of Economics, 2017)

  The purpose of this study is to analyze the conventional and Islamic banking in Pakistan. For this study, a sample of 19 conventional banks and five Islamic banks was selected. The CAMEL approach is used to evaluate ...
• Reasons for Debt Specialization: Understanding the Perspectives of Small and Large Organizations 

  Kanwal Iqbal Khan; Faisal Qadeer; Shahid Mahmood; Sayyid Salman Rizavi (© Lahore School of Economics, 2017)

  Debt specialization (DS) has become widespread among organizations in recent years. However, the reasons for its existence and prevalence have yet to be fully examined, especially among small and large firms. This paper ...
• The Mediating Role of Job Embeddedness Fit: Perceived Job Characteristics and Turnover Intention in the Services Sector 

  Qaisar Iqbal; Noor Hazlina Ahmad; Sohail Akhtar (© Lahore School of Economics, 2017)

  Organizations able to retain their human resources have an advantage over their competitors. Employee turnover adversely affects the stability of the workforce and carries the cost of having to hire and train new personnel. ...
• The Job Complexity Effect on Job Outcomes: The Role of Positive Core Self-Evaluation as Moderator 

  Amber Jamil; Tasneem Fatima; Bilal Mirza (© Lahore School of Economics, 2017)

  This paper examines the moderating effect of positive core self-evaluation (CSE) in the job complexity and job outcomes (job satisfaction, job performance and job creativity) relationship, using a sample of 295 workers ...
• Stock Market Anomalies as Mediators Between Prospect Factors and Investment Decisions and Performance: Findings at the Individual Investor Level 

  Syed Zain Ul Abdin; Naheed Sultana; Mariam Farooq; Syed Zulfiqar Ali Shah (© Lahore School of Economics, 2017)

  While other studies have investigated the direct impact of prospect factors on investment decisions and performance at the individual level, we examine the mediated link between the two, via fundamental, technical and ...
• The Impact of Cost Leadership Strategy and Financial Management Control Systems on Organizational Performance in Pakistan’s Services Sector 

  Ahmed Imran Hunjra; Farida Faisal; Faiza Gulshion (© Lahore School of Economics, 2017)

  This study gauges the impact of cost leadership strategy and financial management controls on financial performance of firms in Pakistan’s services sector. Drawing on a sample of banking, insurance and investment firms ...
• Testing the Governance-Productivity Nexus for Emerging Asian Countries 

  Ghulam Mustafa; Muhammad Jamil (© Lahore School of Economics, 2018)

  This paper presents panel data estimates of the relationship between governance, aggregate labor productivity (ALP) growth and total factor productivity (TFP) growth for 12 Asian economies between 1996 and 2013. Our results ...
• Financial Development and Output Volatility: A Cross-Sectional Panel Data Analysis 

  M. Tariq Majeed; Ayesha Noreen (© Lahore School of Economics, 2018)

  This paper aims to provide a more comprehensive understanding of the impact of financial developments on output volatility. Using cross-sectional and panel datasets for 79 countries from 1961 to 2012, we find that financial ...
• Market Returns to Education in Pakistan, Corrected for Endogeneity Bias 

  Muhammad Aslam; Jean Bourdon; Sajjad Haider Bhatti (© Lahore School of Economics, 2018)

  This paper estimates the Mincer wage model for Pakistan’s labor market, using a relatively recent dataset and new independent variables. We employ instrumental variables and two-stage least squares to address the problem ...

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