The aim of this study is to examine the phenomenon of framing as a cause of making wrong decision... more The aim of this study is to examine the phenomenon of framing as a cause of making wrong decisions while investing in Islamic stocks. Framing refers to the bias of people that describes the way they respond to a specific option as per its offer. After collecting primary data through interviews, including open-ended questions from the Pakistani stock market under the subjective or constructivist research paradigm, NVivo it is applied to get word cloud for appropriate analysis. The study finds that there are so many complexities and impurities that blindfold brokers and investors to differentiate between Shariah-compliant versus conventional stocks. This research can be further extended by differentiating between long-term and short-term investment horizons.
This paper endeavors to analyze and provide fresh global insights from the asymmetric nexus betwe... more This paper endeavors to analyze and provide fresh global insights from the asymmetric nexus between the recent outbreak of COVID-19, crude oil prices, and atmospheric CO 2 emissions. The analysis employs a unique Morlet's wavelet method. More precisely, this paper implements comprehensive wavelet coherence analysis tools, including continuous wavelet coherence, partial wavelet coherence, and multiple wavelet coherence to the daily dataset spanning from December 31, 2019 to May 31, 2020. From the frequency perspective, this paper finds significant wavelet coherence and vigorous lead and lag connections. This analysis ascertains significant movement in variables over frequency and time domain. These results demonstrate strong but varying connotations between studied variables. The results also indicate that COVID-19 impacts crude oil prices and the most contributor to the reduction in CO 2 emissions during the pandemic period. This study offers practical and policy implications and endorsements for individuals, environmental experts, and investors.
International Journal of Academic Research in Business and Social Sciences
With the increased globalization the stock markets are integrated more than ever. Increased corre... more With the increased globalization the stock markets are integrated more than ever. Increased correlations among assets at global level have severe implications for the economies and industries specifically after the 2008 financial crisis. Following the crisis, another surge in oil price coupled with lower global demand has severely hit marine shipping industry. Therefore, we investigate the return spillovers from oil to the biggest tanker shipping companies of the world i.e. Frontline and Stolt Nielsen listed at Oslo Stock Exchange. We employed VAR DCC-GARCH and found a higher correlation among tanker companies than with the oil. Not surprisingly, the return spillovers from oil increased manifold soon after the financial crisis. The same increased level of correlation was observed for the tanker firms also following crisis period.
Embryonic Islamic banking industry has documented marvellous growth worldwide since inception; st... more Embryonic Islamic banking industry has documented marvellous growth worldwide since inception; stimulated sound rooted western banking to inculcate and include Shariah driven lucrative products and services as an integral part of corporate segment. Research to date has revealed its unique features and ethos, yet it has to overcome multifarious global impediments. The focus of this study is to encapsulate the enormous challenges Islamic finance service industry has encountered during last three decades. We find the arguments such as complex regulatory and supervisory issues; absence of uniform reporting standards; prudential challenges; misconception among western society pertaining to Islamic banking; scant financial instruments and concurrent money and capital markets; fierce compaction by western banking; lack of consensus among Shariah Scholars; and central governing body that are precarious challenges among others. Therefore, policy makers need to constitute an integrated central regulatory body to congregate speckled Islamic banking practices and to foster the underlying philosophy of Sharia compliance operation along with synchronized and unified standardized worldwide.
The perceptions of primary school teachers towards inclusive education was investigated in mainst... more The perceptions of primary school teachers towards inclusive education was investigated in mainstream government schools of Islamabad capital territory where inclusive education was being supported by Sight savers and other international organizations. The study was carried out involving 54 teachers in six randomly selected primary schools. The sampled group comprised both, teachers trained in inclusive education and teachers working in same schools, but not trained in inclusive education. Purposive sampling method was used to select the teachers. Structured questionnaire (Likert Scale) and structured interview method was used for data collection. The results of the study revealed that inclusive education is considered to be a desirable practice. The teachers believed that all learners regardless of their disabilities should be in regular classrooms and
The purpose of this study is to analyze the impact of ownership structure on dividend payout (DIV... more The purpose of this study is to analyze the impact of ownership structure on dividend payout (DIV) ratio of 100 companies related to non-financial sector listed in Karachi stock exchange for the sample period of 2011-2015. Fixed effects model as a panel data analysis technique indicates that managerial ownership (MO) has shown significant and negative impact on DIV which indicates that as MO rise, they will prefer to retain instead of distribution. Institutional ownership is showing significant and positive behavior with DIV ratio which also showing favorable arguments for dividend distribution. Change in earnings and operating cash flows as control variables are not making variation in DIV. Further, firms having favorable firm's value and higher firm's size lead to distribute more dividends with good faith and reputation. Leverage and DIV ratio relationship are an indication of cash flow theory, all earnings must be distributed among shareholders while positive and favorable NPV projects must be availed through debt financing. This study provides supports to shareholders in adjusting their investment strategies because it provides information regarding dividend policies.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public.
The aim of this study is to examine the phenomenon of framing as a cause of making wrong decision... more The aim of this study is to examine the phenomenon of framing as a cause of making wrong decisions while investing in Islamic stocks. Framing refers to the bias of people that describes the way they respond to a specific option as per its offer. After collecting primary data through interviews, including open-ended questions from the Pakistani stock market under the subjective or constructivist research paradigm, NVivo it is applied to get word cloud for appropriate analysis. The study finds that there are so many complexities and impurities that blindfold brokers and investors to differentiate between Shariah-compliant versus conventional stocks. This research can be further extended by differentiating between long-term and short-term investment horizons.
This paper endeavors to analyze and provide fresh global insights from the asymmetric nexus betwe... more This paper endeavors to analyze and provide fresh global insights from the asymmetric nexus between the recent outbreak of COVID-19, crude oil prices, and atmospheric CO 2 emissions. The analysis employs a unique Morlet's wavelet method. More precisely, this paper implements comprehensive wavelet coherence analysis tools, including continuous wavelet coherence, partial wavelet coherence, and multiple wavelet coherence to the daily dataset spanning from December 31, 2019 to May 31, 2020. From the frequency perspective, this paper finds significant wavelet coherence and vigorous lead and lag connections. This analysis ascertains significant movement in variables over frequency and time domain. These results demonstrate strong but varying connotations between studied variables. The results also indicate that COVID-19 impacts crude oil prices and the most contributor to the reduction in CO 2 emissions during the pandemic period. This study offers practical and policy implications and endorsements for individuals, environmental experts, and investors.
International Journal of Academic Research in Business and Social Sciences
With the increased globalization the stock markets are integrated more than ever. Increased corre... more With the increased globalization the stock markets are integrated more than ever. Increased correlations among assets at global level have severe implications for the economies and industries specifically after the 2008 financial crisis. Following the crisis, another surge in oil price coupled with lower global demand has severely hit marine shipping industry. Therefore, we investigate the return spillovers from oil to the biggest tanker shipping companies of the world i.e. Frontline and Stolt Nielsen listed at Oslo Stock Exchange. We employed VAR DCC-GARCH and found a higher correlation among tanker companies than with the oil. Not surprisingly, the return spillovers from oil increased manifold soon after the financial crisis. The same increased level of correlation was observed for the tanker firms also following crisis period.
Embryonic Islamic banking industry has documented marvellous growth worldwide since inception; st... more Embryonic Islamic banking industry has documented marvellous growth worldwide since inception; stimulated sound rooted western banking to inculcate and include Shariah driven lucrative products and services as an integral part of corporate segment. Research to date has revealed its unique features and ethos, yet it has to overcome multifarious global impediments. The focus of this study is to encapsulate the enormous challenges Islamic finance service industry has encountered during last three decades. We find the arguments such as complex regulatory and supervisory issues; absence of uniform reporting standards; prudential challenges; misconception among western society pertaining to Islamic banking; scant financial instruments and concurrent money and capital markets; fierce compaction by western banking; lack of consensus among Shariah Scholars; and central governing body that are precarious challenges among others. Therefore, policy makers need to constitute an integrated central regulatory body to congregate speckled Islamic banking practices and to foster the underlying philosophy of Sharia compliance operation along with synchronized and unified standardized worldwide.
The perceptions of primary school teachers towards inclusive education was investigated in mainst... more The perceptions of primary school teachers towards inclusive education was investigated in mainstream government schools of Islamabad capital territory where inclusive education was being supported by Sight savers and other international organizations. The study was carried out involving 54 teachers in six randomly selected primary schools. The sampled group comprised both, teachers trained in inclusive education and teachers working in same schools, but not trained in inclusive education. Purposive sampling method was used to select the teachers. Structured questionnaire (Likert Scale) and structured interview method was used for data collection. The results of the study revealed that inclusive education is considered to be a desirable practice. The teachers believed that all learners regardless of their disabilities should be in regular classrooms and
The purpose of this study is to analyze the impact of ownership structure on dividend payout (DIV... more The purpose of this study is to analyze the impact of ownership structure on dividend payout (DIV) ratio of 100 companies related to non-financial sector listed in Karachi stock exchange for the sample period of 2011-2015. Fixed effects model as a panel data analysis technique indicates that managerial ownership (MO) has shown significant and negative impact on DIV which indicates that as MO rise, they will prefer to retain instead of distribution. Institutional ownership is showing significant and positive behavior with DIV ratio which also showing favorable arguments for dividend distribution. Change in earnings and operating cash flows as control variables are not making variation in DIV. Further, firms having favorable firm's value and higher firm's size lead to distribute more dividends with good faith and reputation. Leverage and DIV ratio relationship are an indication of cash flow theory, all earnings must be distributed among shareholders while positive and favorable NPV projects must be availed through debt financing. This study provides supports to shareholders in adjusting their investment strategies because it provides information regarding dividend policies.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public.
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Papers by Haider Hashmi