This study attempts to investigate the linkage of human resources management practices with customer satisfaction through intervening role of employee job satisfaction. The study also examined the moderating role of procedural justice between human resource management practices and job satisfaction. A conceptual model with four hypotheses was developed and two-source field data were collected from paramedical staff members and patients ( n= 228, dyads) working in the health care sector of Pakistan. Results indicate that full mediation where job satisfaction fully mediates between human resource management practices and customer satisfaction. Furthermore, moderated regression analysis also proved the significant moderating role of procedural justice between human resource practices and job satisfaction. The findings of the study provide useful insights to evaluate and improve human resource management practices for the wellbeing of the employees and to enhance the customer satisfaction.
Purpose: In accordance with the Washington Consensus, most developing countries were forced to privatize state-owned enterprises (SOEs). Corporatization and partial privatization emerged as two alternative possibilities for any government in circumstances where full privatization was not practicable. Pakistan followed suit and began the partial privatization and corporatization of SOEs working in its economy. This research examines whether Pakistan's corporatization or partial privatization policies have improved the profitability of these state-owned enterprises.
Design/Methodology/Approach: If so, what variables contributed to this improvement in profitability, as measured by Return on Assets and Earnings per Share. The paper used data from 1990 to 2015 of thirteen SOEs, largely from the energy sector, that have been corporatized by partial privatization through stock market or other mechanisms.
Findings: Results exhibit that the primary criteria strongly related with increased performance of corporatized SOEs, according to our findings, are the appointment of non-government directors by companies and persistently positive Gross Domestic Product of the economy. On the other hand, debt commitments, ownership, and size of an SOE are all weak or insignificant variables in determining whether an SOE should be corporatized.
Implications/Originality/Value: Due to their strategic significance, the energy industry should continue to be governed and regulated by the government, but with a greater percentage of non-nominated members on their boards of directors to maintain corporate governance.
This paper examines the impact of corporate governance rules and regulations and financial leverage on the market value added in Pakistan. Market value added (MVA) is our dependent variable and corporate governance and financial leverage are our independent variables and examine their combined effect on the market value added. This study will help the Pakistani firms who are going to lever their firms and going to practicing the corporate governance rules and regulations. For this purpose we have taken the listed non-financial companies of Pakistan from 2006-2015 because they are actively practicing the corporate governance rules and regulations. The results indicate that the proxy variable of corporate governance which is board size also have the significant and negative impact on the MVA in Pakistan. Interest coverage ratio indicates that if the firm's ability to pay its interest expenses increases as results MVA also increases. Debt ratio is the proxy variable of financial leverage which is our next independent variable. By the help of our regression model we concluded that Debt also have the positive significant effect on the market value added on the firms in Pakistan. It means if a firm wants to increase their market value they should go for the debt instead of equity. Debt will help firms in Pakistan to increase their market value.
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