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Full-Text Articles in Business

Preferential Attributes In Consumer Buying Behavior At Retail Megastores In Karachi, Javed Ahmed Chandio Jul 2013

Preferential Attributes In Consumer Buying Behavior At Retail Megastores In Karachi, Javed Ahmed Chandio

Business Review

Retail mega stores are common in developed countries. In Pakistan this is a comparatively recent development. It was assumed that the consumers and their buying behavior are different in these stores as compared to small retail stores in the local vicinity of the customers. This study focuses on some major factors influencing customer buying behavior. Hypotheses were framed and tested through survey research. A total of 100 respondents were interviewed using predesigned questionnaire that had a number of pre-selected attributes for store preference. It appeared that the economy was not the main reason for shopping in these stores despite the …


The Challenges Of Textile And Manufacturing Industries In Kano Metropolis, Ahmed Audu Maiyaki Jul 2013

The Challenges Of Textile And Manufacturing Industries In Kano Metropolis, Ahmed Audu Maiyaki

Business Review

Industrialization is the engine of growth in any economy because it plays an important role in the provision of employment, foreign exchange earnings and general well being of a society. However, industrial growth is moving at a very slow rate in Nigeria and particularly in Kano state. This paper aims at unveiling the causes for poor performance of textile industry in Kano Nigeria In this study two textile companies were purposively chosen to represent both the functioning and non-function textile companies. To this end, structured and unstructured interviews and also practical observation were used to collect the data. It was …


Back Matter Of Volume 8 Number 2, Tufail A. Qureshi Jul 2013

Back Matter Of Volume 8 Number 2, Tufail A. Qureshi

Business Review

IBA Business Review Back Matter


Using Metaphors In Strategy Formulation, Naveed Yazdani, Ayesha Gulzar Jul 2013

Using Metaphors In Strategy Formulation, Naveed Yazdani, Ayesha Gulzar

Business Review

This theoretical paper focuses on brain as a metaphor for studying the process of strategy formulation. The paper argues that when individuals within organizations use brain to self-reflect the uncertainty in the environment, the organization are in better position to meet the competitive advantage.


Business And Climate Change: Trends, Issues And Challenges, Badar Alam Iqbal, Munir Hassan, Bhawana Rawat, Shabib Arslan Jul 2013

Business And Climate Change: Trends, Issues And Challenges, Badar Alam Iqbal, Munir Hassan, Bhawana Rawat, Shabib Arslan

Business Review

The present century i.e. 21st Century is the century of Business and Climate. These two issues are getting higher attention from both developed countries and developing economies. On the one hand, business has affecting environment and on the other hand environmental products are boosting business and therefore, there is close relationship between business and climate change . Looking into the growing grave concern from different sections over climate change, considerably due to industrial units, businesses had also started to take initiative in this regard. The paper, henceforth, concentrates on what had so far been done, and what more need to …


Front Matter Of Volume 8 Number 2, Tufail A. Qureshi Jul 2013

Front Matter Of Volume 8 Number 2, Tufail A. Qureshi

Business Review

IBA Business Review Front Matter


A Comparative Study Of The Hr Professionals’ Effectiveness In The Banking Sector Of Pakistan, Aqeel Ahmad, Mohmad Yazam Sharif U, Abdul Rashid Kausar Jul 2013

A Comparative Study Of The Hr Professionals’ Effectiveness In The Banking Sector Of Pakistan, Aqeel Ahmad, Mohmad Yazam Sharif U, Abdul Rashid Kausar

Business Review

The aim of this study is to examine the relationship of human resource (HR) professionals’ competencies, HR professionals’ willingness (HRPW) and HR professionals’ effectiveness (HRPE). The Human Resource Competency Study model is used in this research, which is modified to include ‘Willingness’ as an important competency. The study is undertaken using data drawn from the line managers of two large Privatized Banks (PB1) and (PB2) of Pakistan. It is hypothesized that all HR professionals’ competencies are equally and strongly related to HR professionals’ effectiveness which is theoretically associated with organizational performance. The study finds that the HR professionals’ competencies including …


Relevance And Key Factors Of “Demand-Side Oriented Market” Analysis To Define Indonesia’S Retail Industry, Sih Yuliana Wahyuningtyas S.H. M.Hum, A.Y. Agung Nugroho, Mm Jul 2013

Relevance And Key Factors Of “Demand-Side Oriented Market” Analysis To Define Indonesia’S Retail Industry, Sih Yuliana Wahyuningtyas S.H. M.Hum, A.Y. Agung Nugroho, Mm

Business Review

The remarkable development of the Indonesia’s retail industry draws attention due to its complexities with regard to the business characteristics and the relation between retailers as well as between retailers and suppliers. This brings competition law into relevance, which one of the fundamental elements for the analysis is the definition of relevant market, in terms of both product and geographical market. The study focuses on the relevance of “demand-side oriented market” analysis with the application of cross shopping approach to define Indonesia’s retail industry taking both the development and formats of retail into consideration. The focal point of this study …


The Changing Hrm Practices Through Cmp Model (A Comparative Case Study On American And Asian Companies), Nadir Ali Jul 2013

The Changing Hrm Practices Through Cmp Model (A Comparative Case Study On American And Asian Companies), Nadir Ali

Business Review

The paper aims to report on the role of HR managers with special reference to changing management practices by proposing a model named CMP (Changing Management Practices) for modern companies. This will help organizations to set their directions in the most appropriate manner. The main purpose of this case study is to analyze the parameters proposed in the model and apply them on the sampled companies from American and Asian contexts. The study reports as a comparative case study as it is the best choice to address such parameters mentioned in the CMP model. Research suggests that companies no longer …


Book Review Of: The New Entrepreneurial Leader: Developing Socially, Ethically, Economically And Environmentally Sensitive Leaders - A Literature Review Of Recent Trends From Three Leading Writers, Shahid Qureshi Jul 2013

Book Review Of: The New Entrepreneurial Leader: Developing Socially, Ethically, Economically And Environmentally Sensitive Leaders - A Literature Review Of Recent Trends From Three Leading Writers, Shahid Qureshi

Business Review

In the past few decades the words used as synonyms for leadership were confidence, strategic planning, and a focused mindset. The business schools claim to produce managers and leaders with the above mentioned qualities that are required to manage and run the present day corporations.


An Evidence Of Profitability In Stocks Through The Test Of Logic, Muhammad Ikhlas Khan, Agha Ali Hassan Jan 2013

An Evidence Of Profitability In Stocks Through The Test Of Logic, Muhammad Ikhlas Khan, Agha Ali Hassan

Business Review

In this world, people do one of two things with dollar, when they earn it. They either save it or consume it. Involuntarily, some of the money people consume is because they must pay tax or spending the dollar on something like food, clothing, or a car. For consumption at a later time, a person saves the dollar by putting it aside.


Relationship Of Single Stock Futures With The Spot Price: Evidence From Karachi Stock Exchange, Nasir Jamal, Ahmad Fraz Jan 2013

Relationship Of Single Stock Futures With The Spot Price: Evidence From Karachi Stock Exchange, Nasir Jamal, Ahmad Fraz

Business Review

The study is conducted to investigate the relationship of single stock futures with the spot price in Karachi Stock Exchange. Monthly data of twelve companies which are trading single stock futures have been examined for the period 1 January, 2005 to 31 December, 2010 with total of 72 observations for each company. Descriptive statistics, Unit Root test, Co-integration test, Granger Causality test, Vector Error Correction Model based on ARDL approach, Impulse Response and Variance Decomposition tests are used. The existence of long run relationship was found between the futures and spot prices of all the companies. The Granger Causality test …


Interdependence Of South Asian & Developed Stock Markets And Their Impact On Kse (Pakistan), Safdar Hussain Tahir, Hazoor Muhammad Sabir Jan 2013

Interdependence Of South Asian & Developed Stock Markets And Their Impact On Kse (Pakistan), Safdar Hussain Tahir, Hazoor Muhammad Sabir

Business Review

The objective of this study was to investigate the interdependence among the South Asian and developed markets and their impact on Karachi Stock Exchange. The data was collected from eight worldly stock exchanges, four from each South Asia and developed countries for the period starting from July 1999 to June 2011. For analytical purposes, techniques like Correlation Matrix, Unit root, Co integration test and Granger Causality were applied. The correlation results indicated that there was no significant relationship between the South Asian and developed equity markets. However the equity market of US and India found to be correlated. A bidirectional …


The Volatility Effect Of Single Stock Futures Trading On Pakistani Stock Market, Adil Awan, Amir Rafique Jan 2013

The Volatility Effect Of Single Stock Futures Trading On Pakistani Stock Market, Adil Awan, Amir Rafique

Business Review

The impact of single stock futures on the spot market volatility is still a issue debated in finance literature. The aim of this study is to analyze the effect of introduction of single stock futures on the volatility of Karachi Stock Exchange. This study mainly addresses the changes in level of volatility and structure after the introduction of single stock futures. Twenty four companies listed on KSE were evaluated in terms of possible volatility effect due to stock futures trading. This study applied F-test for differences in variances as a traditional measure for volatility and GARCH(1,1) as a econometric technique …


Lead-Lag Relationship In Spot And Future Market: Evidence From Pakistani Stock Market Kse-100 Index, Hamid Ullah, Attaullah Shah Jan 2013

Lead-Lag Relationship In Spot And Future Market: Evidence From Pakistani Stock Market Kse-100 Index, Hamid Ullah, Attaullah Shah

Business Review

This paper has investigated the Efficient Market Hypothesis (EMH) through the concept of lead-lag relationship of the future market prices and spot market prices in the context of Pakistani stock market. The study has used data of randomly selected one hundred and forty firms listed on the Karachi stock exchange from January 1995 to March 2012. Spot and future indexes have been developed from the closing prices through the Price-Weighted index method. First stationarity of the data has been checked through AugmentedDicky Fuller test then GARCH (1,1) model has estimated for both the spot and future index returns in order …


Lucky Cement: A Price Leader In The Karachi Stock Exchange Due To Their Marketing Breakthrough In To The South Asian Markets, Aman U. Saiyed, Muhammad Asadullah Jan 2013

Lucky Cement: A Price Leader In The Karachi Stock Exchange Due To Their Marketing Breakthrough In To The South Asian Markets, Aman U. Saiyed, Muhammad Asadullah

Business Review

Cement is one of the most significant commodities in the area of physical development of infrastructure. As the South Asian economies develop and more and more demands are made on the infrastructure, cement will emerge as the key marketable commodity in this part of the world. In the past 10 years the cement industry in Pakistan added capacity at a rapid pace. They made large profits on the back of high demand. Lately, they have experienced decline in sales and profits. To avoid the volatility of the domestic markets, some cement manufacturers have looked overseas. Lucky Cement Limited, as one …


An Empirical Study On Weak Market Efficiency Of Karachi Stock Exchange, Jaihan Zulqarnain, Syed Muhammad Amir Shah Jan 2013

An Empirical Study On Weak Market Efficiency Of Karachi Stock Exchange, Jaihan Zulqarnain, Syed Muhammad Amir Shah

Business Review

A lot of research has been conducted to check whether the Frontier and emerging markets show weak form of efficiency or follow a random walk. Karachi Stock Exchange, being a frontier market, was tested on the basis of daily closing values from 2006 to 2011. The study showed KSE to be a weak form inefficient market following non randomness. Three tests were applied on the data. KSE proved to have a unit root, the values in the series showed a strong correlation. Moreover, a Z-statistic value was far greater than 1.96 which proved KSE to be an inefficient market. Inefficient …


Investor Sentiments And Exchange Rate Volatility, Mobeen Ur Rehman Jan 2013

Investor Sentiments And Exchange Rate Volatility, Mobeen Ur Rehman

Business Review

In this paper, we have investigated the role of investor sentiments on the exchange rate volatility in our emerging market. In the past there were many studies that tried to capture the impact of investor sentiments on the stock market returns but the exchange rates are also one of the important economic indicators and is frequently used as the stock market returns and interest rates etc, so we have tried to see the impact of investor sentiments on the exchange rate volatility. The data has been collected from International Monetary Fund website, Karachi Stock Exchange for stock returns and for …


Determinants Of Financial Distress Evidence From Kse 100 Index, Malik Rizwan Khurshid Jan 2013

Determinants Of Financial Distress Evidence From Kse 100 Index, Malik Rizwan Khurshid

Business Review

Financial distress and its determinants are very important for investors as well as financial institutions; no one can deny its significance. This paper assesses the determinants of financial distress of non financial companies of Karachi Stock exchange from 2003 to 2010. Financial distress in companies was calculated from Z score model. Determinants like current ratio, profitability, efficiency, solvency and leverage were identified. Result shows current ratio, profitability, solvency and leverage are negatively correlated while efficiency is positively correlated.


Front Matter Of Volume 8 Number 1, Tufail A. Qureshi Jan 2013

Front Matter Of Volume 8 Number 1, Tufail A. Qureshi

Business Review

Front matter, Contents and Editorial perspective


Interest Rate Sensitivity And Stock Returns, Mohsin R. Khan, Zahid Mahmood Jan 2013

Interest Rate Sensitivity And Stock Returns, Mohsin R. Khan, Zahid Mahmood

Business Review

This paper investigates the sensitivity of interest rate to stock return of financial institutions traded at Karachi Stock Exchange. Two Index Model of Stone and Bernell(1974) have been used to test the proposition of the present study. Three different portfolios of financial institutions have been examined against sensitivity of actual and unanticipated interest rates. Repo rate/Policy rate instead of t-bill rate is used for the proxy of interest rate. The data is collected from twenty nine financial institutions covering the time period from 2004 to 2011. Unit root test, co integration and error correction mechanism have been checked before proceeding …


Back Matter Of Volume 8 Number 1, Tufail A. Qureshi Jan 2013

Back Matter Of Volume 8 Number 1, Tufail A. Qureshi

Business Review

Guidelines for contributors, Back Matter