Lahore Journal of Business
- The Lahore Journal of Business is a peer-reviewed biannual publication of the Lahore School of Economics.
About the Journal
The Lahore Journal of Business is a peer-reviewed biannual publication of the Lahore School of Economics. It intends to disseminate and extend knowledge about the ever-evolving business issues, in a manner beneficial to academic scholars, business managers, policymakers and all other stakeholders. The LJB follows an open-access policy to make scholarly research accessible to everyone.
- HEC-recognized journal in “Y” category
- Journal e-ISSN: 2791-3139
- Journal p-ISSN: 2223-0025
- Indexing/Abstracting: EBSCO Host, PASTIC Directory.
Subscriptions
The annual subscription charges are Pakistani Rs. 600 for domestic subscribers, and US $50 for overseas subscribers. If you wish to subscribe, please email the LJB at ljb@lahoreschool.edu.pk for a subscription form.
Licensing & Copyright
The Lahore Journal of Business is an open-access journal that distributes its articles under the terms of the Creative Commons Attribution-NonCommercial-Noderivatives license asp:HyperLink ID=”HyperLink2″ runat=”server” NavigateUrl=”http://creativecommons.org/licenses/by-nc-nd/4.0″>(http://creativecommons.org/licenses/by-nc-nd/4.0/) : This license permits non-commercial re-use, dissemination, and reproduction in any medium, provided the original work is appropriately cited, and is not changed, transformed, or built upon in any way. Therefore, with this Creative Commons license in mind, the Lahore Journal of Business retains the right to publish an article upon successful completion of the submission and approval process, along with the consent of the author(s).
Previous Volumes
Volume 1
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 with data from the EMBIG index of 17 countries, from 1998 to 2008. An analysis in time series is carried out on each country and a panel analysis used to determine the global impact of oil prices on investors’ risk perceptions. We suggest a new estimator for oil prices to take into account the effect of the price variance and show that oil prices influence the risk premiums of sovereign bonds along with the price volatility that increases the accuracy of the model.
Volume 2
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 the Karachi Stock Exchange (KSE). We examine changes in the level of volatility and structure after the introduction of single-stock futures, evaluating 24 companies listed on the KSE. The study applies the F-test to determine differences in variance as a traditional measure for volatility and uses GARCH (1,1) as an econometric technique for detecting time-varying volatility. The results show that there is no effect on the volatility level but that changes occur in the structure of volatility after stock futures trading.
Volume 3
This study explores consumer behavior toward nonlocal brands in Pakistan. Specifically, it examines the extent to which (i) product quality, (ii) country of origin, (iii) religiosity (in the context of Pakistan as a predominantly Muslim country), (iv) social status, and (v) the unavailability of local substitutes determine consumers’ purchasing decisions. Consumer ethnocentrism and the desire to emulate economically developed country lifestyles serve as the study’s moderating variables. The research data was collected through a questionnaire survey conducted in Lahore among a sample of 200 people between the ages of 18 and 55. The questionnaires were distributed via Google Docs and employed a convenience and snowball sample. A confirmatory factor analysis was carried out to establish reliability and validity. The structured model was then used to assess the relationships identified above.