Study of relationship between Electricity consumption, foreign assistance and GDP per capita using the ARDL approach: An investigation into Pakistan energy sector |
Author : Sardar Ahmad; Lie Zhang; Muhammad Faheem Jan |
Abstract | Full Text |
Abstract :Electricity having a wide range application in both domestic and industrial sectors is a major source of energy generation in Pakistan. Considering its increasing significance, the current study contributes in the area of research by employing ARDL1 approach to study the short-term/long-term relationship between energy consumption, foreign assistance and GDP per capita in Pakistan. The time-series data from 1981-2015 is taken for the study. Empirical results shows no significant relationship between energy consumption and foreign assistance in short-run, a significant relationship between electricity consumption and foreign assistance in the long-run, and again no significant relationship between electricity consumption and GDP per capita both in short-run and long-run |
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Evaluating Hospital’s Units Efficiency: An application of Data Envelopment Analysis |
Author : Muhammad Atif; Umair Ahmed; & Dr. Naveed |
Abstract | Full Text |
Abstract :Data Envelopment Analysis (DEA) is a method based on linear programming that has been extensively applied to measure the relative efficiency of different hospitals, units, organizations, departments etc. There is an increasing trend of investigating the efficiency and performance level of public sector and non-profit organizations like health services sector. In this regard, Data Envelopment Analysis (DEA) approach is proven to be very helpful by examining the common inputs and outputs for different units. The main aim of this paper is to measure the relative efficiency of different departments of Lady Reading Hospital (LRH) Peshawar by applying DEA technique. Similar inputs and outputs were measured for all the selected six departments of the hospital. Linear program was developed for all inputs and outputs and were put in TORA software. The results obtained from the software proved that all the selected six units of hospital were found efficient and it is recommended to maintain the consistency of efficiency and stability. |
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Does Right Emotion with Creativity influence Academic Performance? A study of Emotional Intelligence, Creativity and Academic Achievements of Business Graduate Students |
Author : Uzma Tufail |
Abstract | Full Text |
Abstract :The study inclines to explore the effect of Emotional Intelligence and Creativity on academic achievement (CGPA) of Business Graduates of COMSATS Institute of Information Technology, Islamabad. A sample of 150 students has been taken to conduct the preliminary study. Three instruments were used named; Cumulative Grade Point Average (CGPA) Information Format, Nicolas Holt Creativity test (NHCT) and Wong and Law emotional Intelligence Scale (WLEIS) to gather data on Creativity, Emotional Intelligence and Academic achievements. The Multiple Regression, Pearson Product-Moment Correlation techniques and ANOVA test were used for analysis of data. Results of the study revealed that EQ and creativity jointly predict the academic achievements of students however, when tested individually; EQ has positive significant relationship with CGPA, mean while creativity has positive insignificant relationship with CGPA. Additionally, no significant variances were found among the level of emotional intelligence and creativity of male and female student, while differences were found in the academic records of male and female students which tend to explain that female students had good grades than their male counterparts. |
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Effect of financial distress on firm’s performance of non-financial firms registered with Pakistan Stoke Exchange |
Author : Sardar Ahmad; Lie Zhang; Adnan Ahmad; Awais Ahmad |
Abstract | Full Text |
Abstract :The purpose of this Research study is to analyze the effect of financial distress on firm’s performance of non-financial firms registered with PSX. The causal-effect research design is used to conduct this study in order to judge the effect of financial troublesome on performance of non-financial firms. In this study the firm performance is taken as dependent variable and the financial distress of the firm as independent variable. While the variables of leverage and size is taken as controlled variables. The population of the study is comprised of all the companies which are related to the non-financial sector and whose shares are traded in Pakistan stock market. One sixty one corporations, listed on PSX have been chosen as a sample which represent the whole population of non-financial companies. The technique which is adopted to select the sample for this study is convenient sampling technique. The data of the sample companies are taken out from Firms’ annual accounts of including balance sheets, P/L Statement, changes in equity statements etc. Data was analyzed in this study by using the software of MS office and SPSS. Analyzed data covers the time span of six years from 2011 to 2016. The gathered data which is sorted and ordered in Excel sheet is analyzed by using multiple discriminate model that is Altman’s Z-Score model for measuring the financial distress variable, while Tobin’s q is applied to measure the firm performance for analysis of non-financial companies. Finally, through the establishment of regression equation between both the study variables the impact of distress on firm performance is determined.
The main findings of the undertaken study provide the evidence that the performance of publically traded non- financial Pakistani companies are negatively affected by financial troublesome and the relationship between both the variables is significant. It means the result reaffirms the findings of Tan (2012), which shows that financial distress results in poor firm’s performance. Further, the results indicate that the symptoms of distress existed in the firms of Pakistan as indicted by the Z-Score index, during the period of 2011-2016 and it can be concluded that if necessary actions are taken on the basis of these symptoms then the chances of losses can be minimal in future. The study also explored that high leverage is not a beneficial way of raising funds for running the operations of the firms listed on PSX. This conclusion is drawn on the basis of findings that shows the firm’s performance in the presence of high debt will be negatively affected, So higher financial leverage results in lowering the firm’s performance and vice versa. |
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