Papers by Abdur Rahman Aleemi
Market Forces
Work-life balance has become a critical issue in the service sector, especially in the banks. Giv... more Work-life balance has become a critical issue in the service sector, especially in the banks. Given its importance, we have developed a model with four direct and two indirect hypotheses. We developed a questionnaire based on the past studies, containing five variables and 27 indicator variables. We collected a sample of 433 responses from the private banks of Karachi non-randomly. For statistical analysis, we used the Smart PLS software. The study tested four direct and two indirect hypotheses, and we failed to reject all of them. We found that work-life balance promotes job satisfaction and psychological well-being. And job satisfaction and psychological well-being are precursors of job performance. Psychological well-being mediates work-life balance and job performance. At the same time, we found that intrinsic motivation moderates psychological well-being, work-life balance, and psychological well-being. Apart from other implications, we suggest that organizations develop polici...
Anthropological Measurements of Philosophical Research, 2021
Purpose. Nietzschean proponents classify people into seemingly two distinct groups: those possess... more Purpose. Nietzschean proponents classify people into seemingly two distinct groups: those possessing 'Master' moralities and those with 'Slave' moralities. Each type of person is characterized to have certain qualities, traits, ideologies, and methods of dealing with everyday situations. This paper attributes these moralities to the personnel working in the corporate sector of Pakistan to observe their prospects of success. Originality. A specialized survey instrument was designed to gauge different Morality Types of the study subjects by calculating a Morality Quotient. The respondents were then categorized into three categories possessing, Slave, Master and Neutral or Mixed traits. These traits are then contrasted to the position(s) held by the subjects to see which morality type was more prevalent in higher management levels and whether the association was significant. Conclusions. Our results prove to be contradictory to common wisdom and shows that despite the l...
Asia-Pacific journal of public health, 2018
This study aimed to evaluate the challenges and patterns of seeking primary health care services ... more This study aimed to evaluate the challenges and patterns of seeking primary health care services in slums of Karachi, where about 60% of the population lives in various informal settlements. We surveyed 8 largest slums of the metropolitan, and analyzed the data both descriptively and inferentially to evaluate the factors associated with health care seeking behavior. Significantly positive association of quality health care seeking behavior and various socioeconomic indicators were found. In addition, substantial insights about the conditions of slum dwellers and health challenges of the population, such as low immunization and low vaccinations, among others, were reported. Thus, the role of policymakers is emphasized to strategize for the inclusion of these people in national health plans and to develop health infrastructure near these communities. Furthermore, there is a strong need to increase awareness of the population about hygiene practices, importance of immunization, and imp...
South Asian Journal of Management Sciences, 2022
In this study, we invoke the theoretical notion of different competitive conditions in lending an... more In this study, we invoke the theoretical notion of different competitive conditions in lending and deposit market power for the banking industry of Pakistan. We find highly monopolistic conditions in lending market whereby majority of the banks are enjoying high market power. On the other hand, the deposit market is found to be highly competitive. Subsequently, we find the effects of the lending and deposit market measures of market power on the riskiness of banks to be asymmetric. In addition, we introduce charter value as a determinant of banks’ risk for the first time in the case of Pakistan and tested for whether or not greater higher valuable charters enhance the risk aversive tendencies of banks to preserve charter value? Our findings suggest that the theoretical link between charter value and market power is sufficiently strong to restrain risky behavior of banks.
Individuals who have fear speaking publically suffer from strong fear in social performance situa... more Individuals who have fear speaking publically suffer from strong fear in social performance situations and social sphere. (Stein, Walker, & Forde, 1996).This research aims to investigate (a) if the level of anxiety is higher in females then males while speaking publically. (b) if students tend to be more anxious while speaking in-front of opposite gender (c) if there is an association between reduction in public speaking fear in students and adaptation of effective psycho-physiological strategies for language learning. Samples of 126 undergraduate students have been selected in an equal ratio of male and female students from university of Karachi. Frequency and percentage analysis has been made to determine the level of public speaking fear in male and female students. A factorial ANOVA has been applied for comparative analysis of anxiety levels in males and females while presenting in front of the opposite gender. Further, a paired t-test has been applicable to determine if psycho-physiological strategies for language learning are effective for reduction in glossophobia. The study affirmed that female students get more anxious then males while giving speech publically. It has also found that there is no effect of gender of audience on anxiety level of students during public speaking. Public speaking anxiety has a strong relationship with the adaptation of psycho-physiological strategies and can be reduced effectively.
This study analyzes the dynamic interlinkages between money, currency, and capital markets for Pa... more This study analyzes the dynamic interlinkages between money, currency, and capital markets for Pakistan using Autoregressive-Distributed Lag (ARDL) Bounds testing, and Augmented Vector Autoregression (VAR). Furthermore, we employ the Toda and Yamamoto (1995) and Dolado and Lutkepohl (1996)-TYDL-methodology to examine the causal relationship between money, currency, and capital markets over the period of January 2001 to June 2014. The empirical findings based on the ARDL Bounds testing show that a steady state long run equilibrium relation exists among the three markets of Pakistan which is also confirmed by the Johansen cointegration analysis. Moreover, the empirical results of the TYDL Granger Non-causality establish interlinkages among the three markets suggesting bi-directional causality among stock market and currency market whereas unidirectional causal flow is been established from money market to stock market and from currency market towards money market of Pakistan. Provided with the fact that the three markets are interlinked, it is therefore suggested that any policy measure in this regard should be mindful of the implications of the decision.
This study investigates the nexus of financial development, economic growth, and poverty for Paki... more This study investigates the nexus of financial development, economic growth, and poverty for Pakistan over a prolonged period of time, 1960-2012. Autoregressive Distributed Lag (ARDL)-Bounds testing approach to cointegration and Unrestricted Error Correction Model (UECM) along with VECM Granger causality have been applied to examine the long-run dynamic relationship among financial development, economic development and poverty. For that purpose, we have developed two models and adopted a new and relatively strong proxy for financial development. The results suggest that financial development negatively affects both long-run and short-run economic growth. However, financial development is found to be positively affecting per capita consumption in the long run.
Assets Management Companies (AMCs) strive to channel and pool savings and invest these in well di... more Assets Management Companies (AMCs) strive to channel and pool savings and invest these in well diversified portfolios in an optimal way. The size of these portfolios is closely related to their Assets under Management (AUM). This study in particular examined the effects of fund sizes—mainly the induction of new funds and the increase in existing funds, managed by AMCs on their AUM for the mutual fund industry of Pakistan. Furthermore, we assessed that whether Fund Family growth has any effect on individual fund. We examined a total of 180 open ended Mutual funds, managed by 18 AMCs over the period of July-2009 to most recent July-2016. The main findings suggests that both existing and new fund size are having positive and significant impact on AUM and also the growth of fund is strongly associated with Family growth. It was further observed that those AMCs who introduced new funds during this period, were managing relatively large assets as compared to those who introduced small amount of new funds or did not inducted any new fund at all during the period under consideration.
The primary concern for both investors and firms remain to be the maximization of return, however... more The primary concern for both investors and firms remain to be the maximization of return, however in this regard, systematic risk has always been the primary concern of both the researchers and the firms. It is imperative to examine the determinants of the systematic risk as it provides information regarding risks associated with investment, and provide insights regarding the risk & return relationship. Furthermore from a firm's perspective the required rate of return for an investor is basically the Cost of Capital, therefore determinants of systematic risk is having dual effects both over Cost of Capital and market value of stock indirectly. The aim of this paper is to find out key financial determinants of systematic risk in the banking sector of Pakistan. Utilizing panel data analysis techniques of Pooled OLS, Fixed Effects and Random Effect models, over selected banks listed on Karachi stock exchange for the period of 2006 to 2012. We took seven accounting variables and examined its effect over systematic risk. It was found that loan portfolio quality and profitability significantly positively affect the systematic risk for the Pakistani banks, while liquidity is significantly negatively affecting the systematic risk in the case of Pakistan. Furthermore dividend payout, leverage and size of the banks were found to be insignificant in the case of Pakistan. It is suggested for the Pakistani banks that by improving on these parameters like loan portfolio quality, the systematic risk can be potentially reduced.
In this paper we investigated the role of gold prices, interest rate and exchange rate against in... more In this paper we investigated the role of gold prices, interest rate and exchange rate against inflation in Pakistan both in the long and the short run, utilizing time series data over the period of 1975-2013 under the Johansen co-integration and vector error correction specifications. The results suggest that gold prices and interest rate are significantly positively related with inflation in the long run in the case of Pakistan, indicating that a rise in gold prices and interest will result in increase in inflation in Pakistan. Whereas exchange rate is found to be insignificant to impact inflation over the length of this study. However exchange rate is found to have significantly and negatively associated with inflation in the short run. That means that appreciation in rupee (PKR) will result in decrease in inflation and vice versa.
This study seeks to provide an answer to the ongoing debate over the superiority of economic valu... more This study seeks to provide an answer to the ongoing debate over the superiority of economic value added (EVA) upon traditional accounting based tools of performance measurement in explaining stock price of a firm. This Study was formulated to test the relative and incremental information contents provided by EVA and accounting measures of return like ROE,ROA, OCF,earnings per share after tax (EPSAT) and debt to equity ratio (DE). A total of 28 non financial firms listed at Karachi Stock Exchange were analyzedover the period 2009-2012. In order to empirically test the hypotheses, panel data regression was applied and our findings did not support the claim of EVA proponents of its superiority over accounting based measures of performance. Rather it was found that accounting measures outperformed EVA in explaining the behavior of stock prices of firms in Pakistani market. This study is the first of its kind in the context of Pakistan.
This study has been conducted to determine the effects of intellectual capital information disclo... more This study has been conducted to determine the effects of intellectual capital information disclosed in annual reports on market capitalization of the KSE-listed companies. The current study is the first of its kind in the context of Pakistan. We hereby tested the effects of IC information disclosure against the Market Capitalization of selected firms along with other explanatory variables with well-established and long standing economic theory. Utilizing panel data for three years for a sample of 30 listed companies on KSE-100 Index under the panel regression model along with Fixed Effects and Random Effects over the period of 2010-2012. The findings from this study are very promising and conclude that in the case of Pakistan IC information disclosure does significantly and positively affect the market capitalization of the firms under consideration. Hence it is imperative for the firms to disclose maximum IC information to the general public to boost and obtain more friendly investor confidence which will be observed in the form of high prices and resultantly higher market capitalization accordingly.
Purpose: The purpose of this study is to assess the effects of psychological problems faced by ID... more Purpose: The purpose of this study is to assess the effects of psychological problems faced by IDPs (displaced as a result of Operation Zarb-i-Azb) of North Waziristan on local Community. IDPs coming from Waziristan and surroundings including men and women of all ages and childeren are the ones who are more vulnerable to physical and mental stresses likely to be caused by military actions of terrorists and counteraction by Pakistani Armed Forces. They have residence in shelter homes, tents are in a community which is different and most of the time hostile from their own community. The stresses like violence, migration, imposed poverty unhygienic and unsystemic living atmosphere of camps lead the IDPs to a change in everyday life activities away from their own cultural routines which in turn is causing deterioration of society as well. Methodology/Sampling: This is primarily an exploratory study done on the field in IDP camps situated in Bannu disctrict. We approached a sample of 500 IDPs and identified around 200 to be suffering from psychological issues, who were interviewd and and were administered with questionnaires with the help of trained surveryours and medical team. Findings: It is noted that such transitory unplanned no systemic living has caused an increase in activities like thieving, use of drugs, abduction for ransom, and other forms of violence and such like activities. The relationship between psychological issues of IDPs and the effects on community (Proxied by Crime rate) were subjected to descriptive analysis and were found that significantly good number of IDPs suffers from psychiatric disorders and there is a significant increase in crime rate for areas with sufficient number of IDPs around. Practical Implications: Displacement results in emergence of particular vulnerabilities for those affected, and also for the surrounding communities, thereafter necessitating specific measures for the provision of assistance and further protection corresponding to vulnerabilities.
Purpose: This study is designed to investigate the role of micro finance on the economic and soci... more Purpose: This study is designed to investigate the role of micro finance on the economic and social development of people in the rural areas of the Province of Sind Pakistan. This study considers and compares two situations of the respondents: economic and social conditions before and after taking micro loan. Methodology/Sampling: The target population for this study is those people who planned to take micro credit from the banks with objective to change their lives by investing such funds in their existing business or opening new business. We conducted survey about their economic well being before taking micro credit (Feb-July 2013) and than revisited to them after a year and determined their status after taking micro credit. The study considers descriptive as well as statistical analysis such as Chi square, OLS estimation and one sample T test. Findings: The study concludes that there is no change in Economic Conditions of Borrowers after accusation of Micro finance. The micro finance could not improve their Business growth as well. However, in Social Development, there is significant improvement in the Life Style of borrowers, whereas, there is no significant improvement in Health and Education needs of Buyers before and after taking of micro finance. The study further concludes that borrowers believe that the Loan Amount provided is not sufficient for their needs and both the repayment schedule and interest rate are not reasonable to facilitate them. Practical Implications: this study provides bases for new dimensions especially for the policy makers and the regulatory bodies that term structure of Micro credit should be revised as well as the amount of loan should also be sufficient enough for the borrowers' need.
Un-Published Work by Abdur Rahman Aleemi
The theorists of the " Development " discourse are blamed for doing the same thing—over and over—... more The theorists of the " Development " discourse are blamed for doing the same thing—over and over—again and again. They are poised by the 'Utopian' entanglement of reality perched upon a distant and imaginary and even sometimes misconceived and contorted shape with pejorative meanings and expositions of their own, leaving the conception with the impressions to be a notion of formless renditions—whimsical and outdated. In this paper, we reach out to critically analyze the discourse of 'Development' in a bid to grasp and to look for its espousing 'Raison d'état' and the encompassing nature of associated consequentialities. We call the discourse of development as " Saga " and we capitalize it in order to represent the 'Chronicle' as an epic journey with a bequeathing quest of looking for 'alternatives' like, more resources for the poor, environmentally sustainable and healthy living practices, close net communities, local based agriculture and architecture, alternative sources of energy, and self-restraint. However this is a never ending debate and the list goes on and on. However, in this paper, we try to see in particular an alternative outlook to development that is 'De-Development' and try to see through discourse analysis that 'Why is De-Development a preferred world view in the given state of affairs and why it is needed?' And finally the paper concludes to discuss that whether it is a matter of choice or the need of the time?
Conference Presentations by Abdur Rahman Aleemi
Recent evidence has shown that herding is a relevant and pertinent phenomenon in stock markets. H... more Recent evidence has shown that herding is a relevant and pertinent phenomenon in stock markets. However do investors also follow each other in bond markets? This study is intended to answer this particular question in the context of Pakistan's equity and bond markets. We propose a conceptual framework for the said investigation. In additions in the said framework we also propose an outline to investigate the moderating and mediating behavior of herding and the dynamic interlinkages between the two markets. This study aims to uncover evidence for investors imitating each other around stock and bond markets in Pakistan and applies Bootstrapping techniques for uncovering mediating and Orthogonalization for moderating effects, whereas a mixed copula approach is proposed for the interlinkages between the two markets due to herding. Though conceptually speaking, however, the large number of options available and the variety of bonds available requires different methodological approach as compared to the stock markets. Hence we do not expect investors to herd around bond returns as compared to equity returns. Further it is commonly observed that investors select different bonds in regards to certain fundamentals. We believe that similar bonds are considered to be equivalent and identical by investors, hence we expect very little chance, if any, for investors to herd around here for better returns. However on the contrary we expect strong evidence for investors to herd around equity returns commensurate with the literature.
Islamic finance industry is rapidly developing and there is a growing need to understand the impl... more Islamic finance industry is rapidly developing and there is a growing need to understand the implications of various economic and financial determinants on Islamic financing. This study evaluates the impact of monetary policy shocks and the interlinkages between Islamic Financing and Real Economic and Financial Determinants like interest rate, price levels, real output and stock prices along with other explanatory variables with well-established and long standing economic theory for the economic settings of Pakistan. Utilizing quarterly data from December, 2006 to December, 2015, as expected the response of Islamic Financing towards monetary policy shocks is different from that of conventional financing, commensurate with the literature, as the former is involved in interest free instruments and practices. A common belief is usually held that Islamic Financial Institutions are immune to monetary policy shocks particularly innovations in interest rate. However this has not been assessed in the case of Pakistan to the best of our knowledge and this study is an endeavor to traverse this particular gap. Furthermore the study employs Structural Vector Autoregressive approach (SVAR) to uncover the underlying ‘structural’ influences of real economic and financial determinants on Islamic Financing. Based on impulse response functions and variance decomposition analysis, together known as innovative accounting approach (IAA), the study further sheds light on the behavior of Islamic financing towards innovation in these determinants in the case of Pakistan.
Key Words: Islamic Financing, Macroeconomic Determinants, Monetary Policy, Structural VAR, Innovation Accounting.
Presented at: KASBIT Research Conference, (KRC-2016), at Shiekh Zayed Islamic Center- Karachi, 21-23rd December, 2016).
The prime focus of this research is to determine the social, cultural and economic insinuations o... more The prime focus of this research is to determine the social, cultural and economic insinuations of women entrepreneurship and to investigate motivational features & obstructions associated with it. Female entrepreneurship is a famous building block of economy. It is a technique to create employment that could pay back to economic growth. Presently, economic inequality and unemployment are main concerns to Pakistan. Entrepreneurship is an asset which is able to eliminate all the evils linked with economic prosperity, social inequalities and job creation. Recently in the wake of current episodes of the financial crises, developing countries have been struggling to motivate female entrepreneurs for the reason that it has accredited benefits in the way to economic development. The literature advocates that entrepreneurs has a constructive impact on growth on most economies through capital and technology acquisition. This study shall take into account the chi square, ANNOVA and t-test analysis. Primary data has been used and collected from various parts of karachi. The Results will provide insights whether in the current economic settings, does female entrepreneurship play significantly positive role in the Economic Growth of Pakistan.
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Papers by Abdur Rahman Aleemi
Un-Published Work by Abdur Rahman Aleemi
Conference Presentations by Abdur Rahman Aleemi
Key Words: Islamic Financing, Macroeconomic Determinants, Monetary Policy, Structural VAR, Innovation Accounting.
Presented at: KASBIT Research Conference, (KRC-2016), at Shiekh Zayed Islamic Center- Karachi, 21-23rd December, 2016).
Key Words: Islamic Financing, Macroeconomic Determinants, Monetary Policy, Structural VAR, Innovation Accounting.
Presented at: KASBIT Research Conference, (KRC-2016), at Shiekh Zayed Islamic Center- Karachi, 21-23rd December, 2016).