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The study explores the different stages of the capital investment decision process and empirically investigates these stages’ mediating role. We have used firms, managers, and economic attributes as independent variables. Likewise, ROA, ROE, and EPS are used as proxies for measuring firm performance, which is the dependent variable. A survey was conducted through a self-developed questionnaire for non-financial listed firms of the Pakistan Stock Exchange (PSX). The questionnaire comprises of two parts. The first part is related to managers and firm attributes. The second part covers the nine steps of the Capex Appraisal Model (CAM). PLS-SEM was used to investigate the objectives of the study. Moreover, the results support the applicability of CAM in the corporate sector of Pakistan. For this purpose, 27 hypotheses were empirically tested, of which 21 were found to be significant. However, 6 hypotheses were not supported. The findings suggest that the “Capex Appraisal Model” is a useful approach for the corporate sector of Pakistan. Thus, firms should properly evaluate Capex decisions to enhance performance in the long run.

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The paper begins with a brief history of the efforts of the government and the judiciary towards the introduction of Islamic banking in Pakistan. This is followed by a discussion on a survey undertaken to examine the perceptions of the consumers regarding the Islamic banks and the Islamic methods of finance. Based on the responses from the respondents three hypothesis were tested: one, the respondents consider themselves to have adequate knowledge of the Shariah based banking system; two, banking customers are skeptical regarding the truthfulness about Islamic banking; and three, religion is low in priority with regard to the choice of bank. The hypotheses were tested using Z-tests, and all three of them were accepted. The study is important because the results of the survey are contrary to the accepted wisdom among the people involved in the management of the Islamic Banks.

This study was conducted to evaluate the determinants of organizational commitmentin public and private sectors organizations of Pakistan. Organizational commitment isa behavior that extends beyond the functions and conduct formally required of workersin an organization. Such behavior is indispensable because of its contribution to betterorganizational performance. In order to adapt to environment constraints, the executivesnow a days try to promote certain behaviors and aspects among employees thatultimately stimulates the commitment towards organization. Hence to function successfully,each organization is interested in exploiting factors that determine the organizationalcommitment of the employee. Although there have been numerous international studieson organizational commitment highlighting the key determinants of commitment towardsorganizations and how do they influence employee behaviour and conduct at theworkplace, yet such comprehensive studies in the local corporate context are limited.This is a pure quantitative research aimed at evaluating determinants of organizationalcommitment through survey. For this purpose, a questionnaire was designed and datawas collected from a sample of 150 people within public and private sector organizationsfrom banking industry. Nine hypotheses were developed and tested through Z-tests.Various other statistical techniques, including demographical analysis, reliability analysisand correlations were also employed for data analysis. The survey findings show strongcorrelations between various employee retention factors and the organizationalcommitment. The comparison of public and private sector in this regard reveals someinteresting findings. The research concludes with various ways of devising strategieswhich can induce organizational commitment among employees and increase productivity