This study is conducted to identify the direction of the relationship between working capital management (WCM) and firm performance of the non-financial sector of Pakistan from 2009 till 2018. This has also looked at the effect of restricted access to loan on the WCM- Profitability relationship. The findings confirmed that restricted loan accessibility impacts the WCM-Profitability relationship. The comparative analysis demonstrated that financially constrained firms are mostly non-family firms that are new, growing, smaller in size, face high risk, maintain high liquidity and tangibility ratios than non-constrained firms. Further, the working capital levels of financially constraint firms is lower because of high operating expenses and greater capital rationing. Managers and scholars may use these findings for the administration of their working capital policies in order to avoid the financial cost and create more opportunities for financial accessibility which is further beneficial for making informed investment decisions, yielding higher profits that contribute towards sustainable growth.
Pension funds pools’ investments have an impact on its growth. These investments can be either in equity stock, bonds, deposits, or in other miscellaneous assets that can generate different results with the involvement of some endogenous factors such as rate of return, inflation etc. To bring out the core investment factors determining pension fund growth, a stepwise regression technique was used on a dynamic panel data model. Moreover, to check the individual significance of the included variables in the model progressively, R2-change was observed. This study has found that the investment factors behave positively in high growth-oriented OECD economies and have a negative impact in low growth-oriented countries. Moreover, pension funds growth is slower due to market volatility in low-growth oriented economies. The study helps to know the utilization or investment factors that support the large asset-holding of financial-sector of OECD economies.
The goal of the study is to find out how the growth of pension funds and their accumulation factors are related. Step-wise regression approach was utilized on a dynamic panel data model to verify the individual significance of included variables in the model systematically in order to bring out the core accumulation elements which are driving the pension fund's development, and R2-change was observed for this purpose. The study explores that OECD economies behave differently on the bases of their growth perspective i.e., Defined Benefits, and Employers' Contributions are positively contributing to pension funds in HGO economies and negative in LGO ones, showing that DB is hardly practised in the latter ones and is replaced by DC plan. The approach utilized in this article could be of practical value to policymakers and data analysts in OECD pension funds departments when making decisions on pension fund governance and the underlying fundamental drivers.
Significance of economy of Pakistan cannot be ignored in Asia. The paper targets the backbone industry of Pakistan. The purpose of the study is to facilitate the Outsourcing practitioners, policy makers, production managers to analyze the outsourcing encouraging factors in the textile industry of Pakistan. The economy is facing a massive industry drain in the past few years as around forty percent of the industry has moved abroad, which become the issue of concern for the state to take effective step to stop further industrial drain, In such situation outsourcing popped up to be suitable remedy to support the industry. The study applies multiple case studies method to identify the exact factors that encourage outsourcing in the economy. By way of in-depth interviews and triangulation confirmation, the textile firms located in industrial hubs of the country were interviewed and qualitative data was gathered. The investigation brought out cost competency, quality enhancement, core competency, firm ownership, geographical location, energy shortage, and political instability along with some other factors to be important in driving the textile firms to outsource. A cross case analysis is also made to compare inter firm outsourcing scenario. The research is based on three textile giants and has come up with exploratory findings which will help to continue the research in future to improve the industry production. The research paper contributes towards the policy making of the country by lightening the path that leads towards the betterment of the textile industry by depicting the core factors which hold behind outsourcing decision and makes its practice justified economically. Keywords Outsourcing, Cost Efficiency, Focus on Core, Energy Shortage, Textile Industry
The goal of this research is to analyse the elements (corporate governance, regulatory framework, operational efficiency, investment strategy, and ethics) that affect pension funds and their ability to grow. The large asset base of the Egyptian financial sector can be better understood by reading this research.Principal component analysis was used to identify the key micro-factors that contributed to the increasing size of the pension fund. Later, the R2-change was examined as part of a hierarchical regression technique to examine the relative importance of each variable in the model. The examination of the data shows that all of the identified parameters, with the exception of fund restrictions in the final model, have a strong positive and substantial link with the growth of pension funds. Capital Market Board and Finance Ministry could benefit practically from the paper's methodology when making decisions about pension fund management and the fundamental factors underlying it. The study's micro-factors are drawn from a literature review of previous studies conducted in a variety of economies. This opens up the possibility of using the research as a basis for a comparative examination of pension fund growth across economies.
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