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Institutional Environment and Bank Capital Ratios: Empirical Evidence from SAARC countries Shumaila Zeb, Ghulam Subhani, Sidra Ghazali Download Abstract The purpose of this study is to investigate the impact of the institutional environment on the capital ratios of banks operating in the South Asian Association for Regional Cooperation (SAARC) area. We apply the Hausman-Taylor methodology … Read more

Maneuvering Angry Consumers toward Brand Forgiveness and Repatronage: The Moderating Role of Personality and Recovery Strategies Faryal Najam and Sana Azar Download Abstract The primary aim of this study is to examine the impact of organizational change (OC) on the psychological contract breach (PCB) of employees in Pakistan’s private banking sector. The study highlights the … Read more

Modeling and Forecasting the Volatility of Oil Futures Using the ARCH Family Models Tareena Musaddiq Download Abstract This study attempts to model and forecast the volatility of light, sweet, crude oil futures trading at the NYMEX during 1998–2009, using various models from the ARCH family. The results reveal that the GJR-GARCH (1,2) model is best … Read more

Job Satisfaction and Women’s Turnover Intentions in Pakistan’s Public Universities Aliya Bushra Download Abstract The aim of this study is to test the impact of women’s job satisfaction on their turnover intentions, specifically for those employed in the education sector. Using a sample drawn from two different universities in Lahore, Pakistan, we measure their levels … Read more

The Forecasting Ability of GARCH Models for the 2003–07 Crisis: Evidence from S&P500 Index Volatility Mahreen Mahmud Download Abstract This article studies the ability of the GARCH family of models to accurately forecast the volatility of S&P500 stock index returns across the financial crisis that affected markets in 2003–07. We find the GJR-GARCH (1,1) model … Read more

Organizational Role Stress Among Public and Private Sector Employees: A Comparative Study Bushara Bano and Rajiv Kumar Jha Download Abstract The aim of this study is to explore the differences in job-related stress, if any, between public and private sector employees, based on ten role stressors. It also examines the role of demographic variables on … Read more

Oil Prices and Government Bond Risk Premiums Hervé Alexandre and Antonin de Benoist Download Abstract This article analyses the impact of oil prices on bond risk premiums issued by emerging economies. No empirical study has yet focused on the effects of oil prices on government bond risk premiums. We develop a model of credit spread … Read more

A Note on Corporate Capital Structure Theories Mawal Sara Saeed Download Abstract Financial theory revolves around rational participants who want to maximize their utility or wealth for a given level of risk. This maximization, in the first place, calls for the optimality of available resources, making capital financing decisions critical for corporations. Any discussion on … Read more

The Paradox of Rising Dividend Payouts in a Recession: Evidence from Pakistan Ijaz Hussain Download Abstract This paper applies a probit model to a panel of 319 firms listed on the Karachi Stock Exchange over the period 1999–2010, and finds that changes in inflation have a statistically significant, positive impact on the probability of paying … Read more

The Relationship between Job Burnout and Gender-Based Socio-Demographic Characteristics in Lahore Shamila Nabi Khan Download Abstract Job burnout has been extensively researched in the international literature. Burnout is caused by personal and occupational factors. This study analyzes the impact of burnout with respect to different socio-demographic characteristics and job-related factors. Based on a sample randomly … Read more