Mobile banking has marked itself as an emerging technology adopted by banks around the globe. The purpose of this research is to identify the key factors of mobile technology adoption which influence customer satisfaction in Pakistan. Questionnaires are used to conduct data collection and then analyzed using statistical techniques: regression analysis, correlation and factor analysis. The findings show that customer's concerns about security, authenticity and reliability of the technology are of significance. The results imply that firms should focus upon IT application, innovative services, security, customer trust and risk as these are the key indicators of technology adoption.
Purpose -The purpose of this paper is to test the role of corporate governance instruments in affecting the value of a firm (CGVF) in isolation and in combination of each other in a developing financial market characterized by the existence of additional imperfections in this market.
Abstract:The purpose of this research is to investigate the relationship between Karachi stock market 100 index and macroeconomic variables, i.e., inflation, industrial production, money supply, exchange rate and interest rate. The long term relationship between macroeconomic variables and stock market returns has been analyzed by using Johnson Cointegration test, Augmented Dicky Fuller (ADF) and Phillip Perron (PP) tests. The Autoregressive Conditional heteroskedasticity Lagrange Multiplier (ARCH LM) test provided prudent evidence about the presence of heteroskedasticity in the data. The Generalized Autoregressive Conditional heteroskedasticity (GARCH) model was used to find out the relationship between stock returns and the variance of the squared error terms as there was heteroskedastic trend in the data. The results show that the cointegrating relationship exists between stock prices and the macroeconomic variables in Pakistani stock market. The GARCH model showed the significant relationships after mitigating the heteroskedasticity. The consumer price index (CPI), money supply (MS), exchange rates (ER) and interest rates (IR) proved to be negatively associated with the stock returns (SR), while industrial production index (IPI) was found to be positively associated with the stock returns. All the variables were significantly associated to stock market returns except inflation. The investors can use the GARCH results for investment decisions that is the returns are volatile not only due to any happening today but also on the past. The findings suggest that in the long run, the Pakistani stock market is reactive to macroeconomic indicators.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.