The Lahore Journal of Business is aimed at providing a specialized forum for dissemination of qualitative and quantitative research in various areas of business administration. The LJB invites researchers, policy makers and analysts to submit original theoretical and empirical papers that explore and contribute to the understanding of various areas in the business domain. The Journal aims at bringing together state-of-art research findings, particularly from emerging markets, in various business disciplines including (but not limited to) accounting, banking, management, marketing, finance, investments, human resource management and organizational behavior.
admin 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
The Relationship Between Service Quality and Customer Satisfaction in India’s Rural Banking Sector: An Item Analysis and Factor-Specific Approach Mohammad Adil Download Abstract Earlier research has shown that, in today’s highly competitive business world, service quality and satisfaction are central to management concerns for marketing effectiveness and success. This study attempts to determine customerperceived service … Read more
Intertemporal Asset Pricing: Preliminary Evidence from an Emerging Economy Amna Rehman and Nawazish Mirza Download Abstract In this paper, we test a simple Merton-style (1973) intertemporal capital asset pricing model (ICAPM) by allowing for time variations in certain key state variables for a sample of firms listed on the Karachi Stock Exchange. We evaluate the … Read more
The Relationship Between Service Quality and Customer Satisfaction in India’s Rural Banking Sector: An Item Analysis and Factor-Specific Approach Félix Zogning Nguimeya and Gaétan Breton Download Abstract The purpose of this study is to determine if African stock markets have contributed to a better allocation of savings and economic growth in the countries in question. … Read more
A Note on the Information Content of Corporate Dividend Policy Ayesha Khanum Download Abstract This note discusses the significance of the information content of dividends, which is reflected through the market price reactions to a firm’s dividend decisions. Informational asymmetries are the main reason for signaling whereby firm managers are likely to have better information … Read more
The Impact of Dividend Policy on the Relationship Between Institutional Ownership and Stock Price Volatility: Evidence from Pakistan Atif Hussain Download Abstract This study aims to determine the effects of dividend policy on the relationship between institutional ownership and stock price volatility, based on a sample of 36 firms listed on the Karachi Stock Exchange … Read more
Assessing the Impact of Training on Employees’ Performance in Commercial Banks in Urban Lahore Anam Tahir and Sumaira Sajjad Download Abstract Training helps meet specific skill deficits in employees’ performance. Successful organizations and managers realize the importance of human resources; trained human resources are key to maintaining a competitive advantage in today’s constantly changing global … Read more
The Volatility Effect of Single-Stock Futures Trading on the Pakistani Stock Market Adil Awan and Amir Rafique Download Abstract The impact of single-stock futures on spot market volatility is still debated in the finance literature. The aim of this study is to analyze the effect of the introduction of single-stock futures on the volatility of … Read more