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Aim and Scope

Aims and Scope The JEMS provides prospective on topic relevant to research in the field of business, commerce and economics. Through its publication the journal contributes to the development to the theory and practice. The journal accepts academically robust papers that contribute to the area of research of the business management, commerce and economics. Papers submitted to the journal are double-blind reviewed by members... Read More

Current Issue



Volume 1, Issue 2, 2020

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  • Abstract

    The motive of present paper was to test the predictability of equity fund performance on the basis of fund variables. In this respect, five equity fund variables were selected namely past fund performance, flow, expense ratio, age and size. The data of seventeen equity funds for the time period June 2010 to June 2017 was collected. Moreover, Arellano and Bond (1991) dynamic panel data approach was employed to examine the predictability of fund performance. Results indicated significant negative influence of past fund performance and expense ratio on future performance of equity funds, however, no significant influence of past fund flow, age and size on future performance of equity funds was found. Overall results suggest that investors can predict future performance of equity funds on the basis of past performance and expense ratio. Moreover, predictability of performance can help investors in making optimal investment decisions. This study is novel in its nature as it examined the predictability of Pakistani equity fund performance by using dynamic panel data approach. Hence the research can be extended in other types of fund operating in Pakistan.

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    Authors

    Mubashar Tanveer

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  • Abstract

    This study examined the impact of reduction in energy poverty on environment. Energy poverty is defined in several ways like; percentage of household expenditure on energy uses or alternatively in terms of access to clean energy products and services such as electricity, natural gas and LPG etc. Pakistan Social and Living Standard Measurement (PSLM) data for 2013-14 is utilized to compute Multidimensional Energy Poverty Index. The index, based on data for different fuels for heating, lightening and cooking, is computed to assess incidence of energy poverty. The list of fuel includes firewood, coal, kerosene oil, Gas (Cylinder), Gas (Pipeline), electricity from regular distribution system of WAPDA and from Generators. Multidimensional Energy Poverty Index (MEPI) is showing that 69.67 percent households are deprived of clean fuel for cooking and 47.11 percent are deprived of clean fuel for heating. However, for lighting only 9.04 percent households do not have access to clean source. Furthermore, study finds that CO2 emissions can be reduced significantly through improving access (access through subsidization, regulation and increasing supply) of low income group to the energy mix of high income group. If highest income groups’ energy mix is available to poor, for cooking and heating purposes, the emissions will decline to 755.869 metric ton (per month) from current of 2039.520 metric ton (Per month). Per household will also decline by 44.69 kgCo/kwh if highest income group energy mix is available to all households .

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    Authors

    Amna Haleem, Muhammad Imran Khan and Fatima Athar

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  • Abstract

    This study aim was to examine the impact of reward and motivation to the satisfaction of job in private schools Kohat. Questionnaire was used as tool for collection information. Sample was the employee employees of secondary schools. Sample size was 120. SSPS was used for analyzing information. The result showed the relationship among the variables. The management should make mandatory on the job training and follow reward ad motivation principles for satisfaction of employees’ jobs.

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    Authors

    Aqal Amin Khattak, Muhammad Anus

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  • Abstract

    There has been Investigation of relationship among money supply, budget deficit and inflation in this research study. Data for the period 1990-2017 has collected from the state bank of Pakistan and World Bank economic indicators on their website. In analysis, we have used unit root test, regression analysis and co-integration test for applying to the information gathered through secondary resources. In findings, we have key outcomes that money supply and inflation have different effects on the fiscal deficit. Our result has supported a positive relationship in between fiscal deficit and money supply. We had also explored the negative relationship between inflation and fiscal deficit. This mention that government has to implement such policies, which can control the inflation and money, supply both for reduction in fiscal deficit. Increase in inflation, decrease in money supply and later increase in fiscal deficit make bad impact to the Economy of Pakistan.

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    Authors

    Masood Hassan , Mubashar Hassan Zia and Mirza Adeel Baig

  • Volume : 1 Issue : 1 Year: 2020

    DOES INFRASTRUCTURE CONTRIBUTE TO INCLUSIVE GROWTH?

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  • Abstract

    In many developing countries, the problem of income inequality and unemployment is rising very fast while at the same time, most of the individuals living in these economies do not have access to basic necessities. Such a situation causes economic and social restlessness and calls for a change in economic strategies. For solutions, the concept of inclusive growth is emerging as a keynote discussion among economists around the world. Human and physical infrastructure is one of the strong candidates that can help fight against unemployment and poverty and takes the economy towards the road to inclusive growth. This paper examines their potential to contribute to more sustained and broadly based economic growth of Pakistan. Inclusive growth is measured by calculating the growth rate of human development index (HDI) based on UNDP’s (2011). Empirical findings of this study suggest that human and physical infrastructure positively and significantly affects inclusive growth. Thus, investment in human and physical infrastructure needs to be planned to support key growth corridors that foster economic advancements and help the masses to contribute to economic growth and benefit from it as well.

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    Authors

    Zakia Batool, Saba Bokhari and Muhammad Akbar

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  • Abstract

    The strategic objective of e-government is to promote efficient provision of public services. This study explores the effect of e-government on economic growth. A macroeconomic production function is used to examine the impact of e-government on economic growth. The archive data of 147 nations across the world over the years of 2003 to 2012 is employed and OLS and IV econometric techniques are used. The results exhibit that an increase in e-government adaption leads to high economic growth. The empirical findings of this research are robust to various control variables, to endogeneity problem and to different specifications of the model.

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    Authors

    Amna Malik and Muhammad Tariq Majeed

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  • Abstract

    This study aimed to investigate the role of the High performance work practices (HPWP) on Value Co creation (VCC) with mediating role of work engagement (WE). Primary data were collected based on 250 employees working in automobile sector. The data was analyzed using statistical tool like Mean, Confirmatory Factor Analysis (CFA), Structural Equation Modeling (SEM), correlation and validity analysis in SPSS v.21 and AMOS v.21. The findings of the study disguised that high performance work practices is an important factor to value co creation hence work engagement also proved to be important indicator to boost practices of employees in organization. The data collected through on site survey technique. The sample was drawn from Pakistan especially from automobile sector. Implication is first, that organizations in addition to investing in different initiatives should also invest particularly for value co creation to achieve purpose through high performance work practices in automobile sector. Second, to advance effectiveness and acceptance of work engagement in organization, manager needs to ensure employee is integral part of organization which will enhance their practices and value co creation for customers.

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    Authors

    Ahsan Javaid, Usman Javaid

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  • Abstract

    The study investigates the association of educational expenditure and income inequality with economic growth in Pakistan, by using the annual time series data from 1980 to 2019. The ARDL bound testing co-integration approach confirms that there is long run relationship between the variables. The study includes economic growth as dependent variable whereas, education and income inequality as repressors. The results indicate that education is positively and significantly correlated with economic growth. While income inequality is negatively and significantly correlated with economic growth in long run and short run. According to the finding it is recommended that development in education sector is efficient policy to increase Economic growth and to improve the income distribution in Pakistan.

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    Authors

    Faheem Riaz, Rakia Nasir and Wajiha Nasir

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  • Abstract

    This paper examines how the economic growth of different sectors affects poverty in Pakistan uses the time series data over the period 1973-2016. The ARDL co-integration approach has been applied to investigate the impact of sectoral growth on aggregate as well as disaggregated poverty in the long run and short run. The results indicate that industrial growth reduces total, rural and urban poverty significantly while the performance of services sector affects the composition of poverty insignificantly. The agricultural sector growth has a negative impact on aggregate poverty while it has an insignificant impact on disaggregated poverty.

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    Authors

    Safdar Ali, Khalil Ahmad and Muhammad Shahid

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  • Abstract

    This paper critically evaluates the concept of Musharakah Mutanaqisah financing and its related issues. In recent years, Islamic banks and financial institutions have frequently practised Musharakah Mutanaqisah as an investment and financing tool, along with Muzarbah, Murabahah and Ijarah. Musharakah Mutanaqisah is a partnership contract between two parties, wherein one partner gradually buys the whole property. After the formation of partnership, the transaction starts and sale and purchase of the property take place between the partners. It is imperative that this buying and selling should not be stipulated in the partnership contract. Moreover, the buying and selling agreement must not be conditional to the partnership contract. The researcher concludes with a few suggestions and recommendations to improve and get acceptance of this product in future.

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    Authors

    Imran Abbas, Muhammad Amjad and Sumaira Batool