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Front Matter Of Volume 2 Number 2, Tufail A. Qureshi

Business Review

Front Matter, Contents, Editorial Perspective

Building National Digital Infrastructure: A Case Study Of Semiconductor Complex Limited, Deepak Kappor

Business Review

The digital revolution and the rapid technology developments thereafter created a real danger of the modem world getting divided into a new type of 'digital-haves and digital-have not's'. It was feared that developing countries like India may not be able to reap the benefits of the 'information age' because of the ever widening gap in technology and relevant infrastructure. As a strategic step to bridge the growing digital divide between India and the technologically advanced economies, the Government of India (GO I) decided to set up Semiconductor Complex Limited (SCL) in the year 1983 to develop Indian capabilities in the …

The Drivers And Barriers To Customer Value Creation: Issues And Prespectives In The Marble Sector Smes Of North-West Frontier Province, Pakistan, Muhammad Noman

Business Review

The concept of value and, more specifically, customer value is of increasing interest to both academics and practitioners. Many see it as the next source of competitive advantage. Like other regions of the country, the North-West Frontier Province of Pakistan has a presence of SMEs in many sectors. A major one amongst these is the marble sector; characterized by two sub-sectors, marble mining and marble processing. A review of various studies in the marble sector reveals that about 70 percent of marble reserves in Pakistan are being wasted due to poor mining and processing techniques. The situation is further aggravated …

Conflicting Paradigms: Alternative Islamic Approaches To Some Business Ethics, Javed A. Ansari, S. Zeeshan Arshad

Business Review

This paper contrasts orthodox and revisionist Islamic approaches to an evaluation of ethical issues related to capitalist marketing, employee management relationships and finance. It argues that while the orthodox Islamic ethical paradigm is fundamentally oppositional to capitalism revisionist discourses provide an Islamic legitimation of capitalist order and can provide an ideological framework for subsuming Islamic economy and society within global capitalism.

Entrepreneurial Opportunities And Market Analysis Of The Information Technology And Software Development Sector Of Pakistan, Toshio Fujita, Hassan Tajuddin

Business Review

This study investigates the Information Technology and the Software Development sector of Pakistan. It discusses the reasons for the lack of trust in Pakistani IT companies and different problems faced by an entrepreneur starting an IT company in Pakistan. The data was analyzed by qualitative content analysis. The findings are discussed with reference to previous research, and implications for entrepreneurial setups are noted.

Book Review Of: Ansari, J. A. And Arshad, S.Z, Business Ethics On Pakistan, Sara Khan

Business Review

The focus on Pakistan and inclusion of Islamic ethical concepts makes this work very relevant to Pakistani business students who generally resort to Western texts for understanding the subject of ethics in a corporate society. Very often the books, such as Post et al's (2002) Business and Society, present only a Western, predominantly an American, point of view of the ethical side of business issues. Even books that make an effort to give a more international coverage of the topic, such as, Velasquez's (2006) Business Ethics, largely ignore the Muslim perspective and Islamic view. This deeply felt shortcoming has been …

Back Matter Of Volume 2 Number 2, Tufail A. Qureshi

Business Review

Reportage: 4th International Research Symposium (SCRI) in conjunction with the International Built and Human Environment Research week, A word about the IBA, About our Authors, Note for contributors, Back matter

Analyzing Construction-Related Market Trends In Apec Countries Using Gis, Low Sui Pheng, Benny Raphael, Faisal Manzoor Arain

Business Review

GIS (Geographical Information System) is a means of representing data in digital form that has been used increasingly in various domains. GIS has the ability to capture,model, manipulate, retrieve, analyze and present geographically referenced data. In managing overseas building projects, research and analysis are especially crucial. It is necessary to collect enough information of the country that is related to the rule of law, government policies, and the performance of individual economic sectors, among other things. Although GIS has been shown to be a useful tool in various types of planning and management, it has not been used so far …

The Casual Link Between Stock Returns And Trading Volume: Some Evidence From An Emerging Market, Abdul Rashid

Business Review

This paper investigates the dynamic association between daily stock index returns and percentage trading volume changes. To proceed with this, linear and nonlinear Granger causality tests are applied to the Karachi Stock Exchange (KSE) data. The analysis covers the span of about 5 years with 1266 daily observations. The same methodology is employed for two non-overlapping sub-periods to examine the robustness of the results. Unidirectional linear Granger causality from stock returns to trading volume is observed for the entire sample period and for both the sub-periods as well. The null hypothesis of linear Granger noncausality from percentage volume changes to …

Branding Pakistan For The Future, Umair Naeem

Business Review

INTRODUCTION

1.1 BACKGROUND AND CONCEPTS Branding products has been a concept that has been there and thereabout since the ages, and internationally it has gained prominence as a means for building a product or service's identity and personality. Brands such as Nike and Apple stand as testament to the massive influence that Branding a product successfully can have on its future and popularity. Both the said Brands evoke feelings in almost all consumers' mind that other products can only envy. Branding hence looks to provide a product or a service with an identity, which can be called its own, and …

Authentic Leadership Style And Its Implications In Project Management, Shamas-Ur-Rehman Toor, George Ofori, Faisal Manzoor Arain

Business Review

Project leader/manager is vital for project management organization. Project manager should be able to influence the followers positively, manage several activities together, communicate with various stakeholders at the same time, manage conflicts, take difficult and risky decisions, deal with several socio-economic and cultural challenges, handle several deadlines, control the resources, solve disputes, and finally achieve the project objectives. To accomplish these jobs, the project leader must develop an appropriate leadership style which can be employed under such circumstances for effective performance outcomes. Moreover, leadership researchers have argued that current frameworks do not suffice the need to develop future leaders who …

The Scale Of Operation, Profitability Based Productivity And Capacity Utilization In Seaports, The Case Study Based On The Colombo Seaport In Sri Lanka, 1980-2005, Sarath W.S.B Dasanayaka

Business Review

The Sri Lanka (formerly Ceylon), an island nation, is strategically located in the South Asian main sea routes as a gateway to the Far-East, the Middle-East, Europe, Africa and Australia. This supreme strategic hub location created commendable achievements in seaports in different magnitudes over time. More specifically, after 1977 economic policy reforms, the Colombo seaport has earned the reputation as the best managed and the most efficient hub port in the South Asia and the major transshipment center in the Indian Ocean. This success further strengthened by the liberalization of shipping in 1990 which was the land mark of changing …

Front Matter Of Volume 2 Number 1, Tufail A. Qureshi

Business Review

Front matter, Contents and Editorial Perspective

Financial Reforms And Common Stochastic Trends In International Stock Prices: A Case Study Of Pakistan, Mohammed Nishat, Ch. Muhammad Irfan

Business Review

This study uses the co-integration and error-correction techniques to examine the linkages between Pakistan and other capital markets of developed economies (US, UK, Japan, Australia and Canada); regional markets in South Asia (India, Sri Lanka), East Asia (Indonesia, South Korea, Singapore, Malaysia, Taiwan, Philippines) and EU (Austria, Belgium, Denmark, Germany, Italy and Czech) countries. The results indicate a long-run relationship between Pakistani stock market and most of the international markets during the sample period (1997 to 2004). However, the longrun linkages were comparatively stronger with developed and EU markets. The direction of linkages in most cases, are from other regional …

Book Review Of: Aman U Sayed - Management Accounting For Financial Services, Tufail A. Qureshi

Business Review

“Management Accounting for Financial Services” is an expression of the desire to apply the knowledge acquired in the discipline of management accounting for decision making in banks and other financial institutions. The author brings twenty years of his experience of working overseas in the field of accounting profession, especially the management accounting, to bear upon his writing of the book. This is the first compilation of its kind in Pakistan that directs the principles and methodologies of management accounting specifically towards banking and financial industry.

Back Matter Of Volume 2 Number 1, Tufail A. Qureshi

Business Review

A word about the IBA, Back Matter

On Predictability In South Asian Stock Markets, Khurshid M. Kiani

Business Review

In this research I investigate persistence in monthly excess stock returns over risk free rates in two South Asian stock markets i.e. S&P CNX 500 and KSE 100 stock price indexes using non-Gaussian state space or unobservable component model with stable distributions and volatility persistence. Results from non-Gaussian state space models show that both markets encompass volatility persistence. KSE 100 has a stable characteristic exponent of 1.748, but for S&P CNX 500 index the value for the characteristic exponent is 1.999 which shows normal behavior in this market. Both markets encompass persistent signal in returns at 10% level of significance. …

The Analysis Of Non-Financial Qualitative Factors For Corporate Value Creation, Syed Umar Farooq

Business Review

Interviews conducted with the major KSE (Karachi Stock Exchange) Fund Managers revealed that they all faced problem of ignorance and uncertainty in stock selection and in asset allocation decision. The problems were due, in part, to the limitations of finance theory and the limitations of corporate disclosures and other public domain information sources. These problems increased fund manager’s incentives to directly contact senior management teams to discuss these sources of value and to observe management qualities and understanding of these issues. Fund managers sought to identify links between these qualitative factors in a corporate value creation process. This paper explores …

Diversification In Banking Sector With Special Reference To Finance, Yaseen Ahmed Meenai

Business Review

Diversification in Banking Sector is relatively a new phenomenon. The aim of this article was to analyze the boom in banking sector with special reference to CONSUMER FINANCING. For this purpose, financial products - Credit cards, Home financing and Car financing - of different banks were selected and their policies were analyzed. My goal was to find the reasons behind the diversification in Banking Sector particularly in Consumer financing over the last 10 years. For this, I collect the data from different banks to analyze the factors involving in it. After analyzing the various aspects of financing strategy in banks, …

The Case For Including Study Of Arts In Management Development Curricula, Humayun S. Ansari

Business Review

Proliferation of business schools and institutes providing business education have resulted in the creation of a vast pool of trained manpower which has little avenues to explore for getting gainful employment. Therefore, we have to discover new avenues, which do not require direct foreign investment for creating employment and adding value to our indigenous intellectual property owners. The thesis of this paper is that the induction of the study of fine arts in business education curricula can help forge a common ground between the two cultures (Arts and Business) and to develop projects that are cooperative and mutually beneficial. This …