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Full-Text Articles in Economics

Personality And Transformational Leadership: A Review, Saima Ghazal, Arooj Arshad, Fatima Kamran University Of The Punjab, Lahore, Pakistan Jul 2016

Personality And Transformational Leadership: A Review, Saima Ghazal, Arooj Arshad, Fatima Kamran University Of The Punjab, Lahore, Pakistan

Business Review

A review of the literature shows that extroversion is the strongest and most consistent positive predictor of transformational leadership. Furthermore, such leadership is shown to predict team performance, subordinate's individual performance, job satisfaction and organizational commitment.


Lead Lag Relationship And Directional Asymmetry In Stock Returns Of Small And Large Portfolios: Evidence From The Karachi Stock Exchange, Ajid Ur Rehman, Ataullah Shah Jul 2016

Lead Lag Relationship And Directional Asymmetry In Stock Returns Of Small And Large Portfolios: Evidence From The Karachi Stock Exchange, Ajid Ur Rehman, Ataullah Shah

Business Review

We explore whether systematic lead-lag relationships exist among the returns of small and large portfolios and whether such portfolios show symmetrical responses to good and bad news. Regression analysis conducted on sample small and large portfolios selected from listings at the Karachi Stock Exchange shows that small stocks follow large stocks quickly in bear-market conditions but slowly in bull-market conditions. This implies that positive information is absorbed more slowly in the prices of smaller stocks than in that of larger stocks.


Exploring The Factors Influencing Faculty Motivation And Satisfaction In Tertiary Education, Zaki Rashidi, Sajida Zaki, Amanat Ali Jalbani Jan 2016

Exploring The Factors Influencing Faculty Motivation And Satisfaction In Tertiary Education, Zaki Rashidi, Sajida Zaki, Amanat Ali Jalbani

Business Review

This study examines the importance of the following five factors in determining motivation and satisfaction levels among faculty involved in higher education: compensation, job role and responsibilities, organizational environment, career growth and recognition. Relevant data were collected from a survey of faculty based at professional universities in Pakistan. Results show that while all five chosen factors are significantly correlated with faculty motivation and satisfaction levels, compensation and recognition are the two most important determinants.


Beta Stationarity And Estimation Period: Evidence From Pakistan's Equity Market, Sana Tauseef Jan 2016

Beta Stationarity And Estimation Period: Evidence From Pakistan's Equity Market, Sana Tauseef

Business Review

This study examines the stability of individual stock beta coefficients over time and its link with the length of estimation periods. Using data for 325 stocks from Pakistan for the period 1999 to 2012, I show that beta coefficients are not stable on average but become more stable as the estimation period increases. This suggests that longer estimation periods should be used for predicting future beta coefficients. JEL Classification: G12, G23