The research objective was to determine the impact of capital expenditure on textile firm’s profitability in Pakistan. For this purpose, study utilizes panel data from the annual reports of firms operating in the textile sector of Pakistan. Quantitative research approach and longitudinal research design was applied. The panel data results indicates that the impact of capital expenditures on firm profitability is significant and positive. The findings suggest that increasing capital expenditures can lead to higher profitability for textile firms in Pakistan. This implies that textile firms in Pakistan should prioritize investments in capital expenditures in order to improve their financial performance. The findings provided by this research could be valuable for textile firms in Pakistan as they seek to make strategic investment decisions. Additionally, policymakers and investors in the textile sector can use the results of this study to inform their decision-making processes and optimize investment strategies. The study's findings could also contribute to a better understanding of the relationship between capital expenditures and firm profitability in the textile sector of Pakistan. The research could also helped to the researchers to conduct their research in future.
Investment decisions within the organizations are critical for firm’s profitability and also have a long-term impact because many of these decisions are irreversible. Firms with limited funds can achieve impressive returns if their investments are well-planned. Therefore, the research objective is to determine the impact of investment decisions on firm profitability (earning per share) of non-financial sector (Communication, media industry, energy sector etc.) of Pakistan. For this purpose, data was collected for the period of 2011-2021 from the annual reports of non-financial companies which were listed in 100 index Pakistan Stock exchange. The quantitative research approach, longitudinal research design and panel data approach has been used in the study. The panel data results indicates that working capital management (WCM) indicators namely inventory turnover ratio (ITO), average collection period (ACP), average payment period (APP) and cash conversions cycle (CCC) have positive and significant effect on earnings per share. In the same vein, capital expenditure also have positive and significant effect on earnings per share and also has indirect effect through the mediating effect of sales growth which indicates partial mediation because the coefficient after mediation was lower as compared to the direct effect. Based on the findings, the research has contributed a body of literature in the extant literature along with the significant and mediating effect. Therefore, this study could be considered to be a pioneer study that could help the researchers to conduct their research in future. This study could also help to the managers and decisions makers to know about the importance of investment decisions to increase firm profitability.
Transition of bioeconomy plays an important role in the development of any economy. Therefore, the purpose of the current paper is to review the key concept of transition of the bioeconomy in the ASEAN economies that is considered to be an innovative collective method for observing the operation of national economies' numerous sectors that produce and process biological wealth. Based on current literature, it has been reviewed that the transition of bioeconomy is being presented with respect to the theoretical concept, and their essence and bioeconomy size, and the challenges and risks which are related to the bioeconomy transition. The various ways and the area of action along with present strategies which are supporting the development of bio economies and their relationship with the circular economies model had been presented. It was seen in the literature that ASEAN agricultures sectors had been contributing their major part in the development of value-added products and employment, except for Malaysia, Thailand, and Laos. Moreover, the analysis results had also shown that the transition of bioeconomy is considered to be an important concept in the growth of agriculture, forestry, agribusiness, and various sectors that produce and use bio-based raw materials. It was further found that for real bio-economy opportunities, it is essential that there should be a proper national and regional strategy for the bioeconomy development in place and for the development of a proper design and proper management coordination at every level of sectors, enterprises, and provincial systems.
The purpose of this study is to enhance the understanding in debate of governance demographics by investigate the impact of board diversity on dividend policy and moderating effect of corporate investment efficiency on dividend policy. The sample incorporated in this study comprises of panel data of 77 firms listed in Karachi stock exchange (KSE) during the period of 2012-2019. This study performs a parametric technique regression analysis to measure the investment efficiency and Panel least square models to investigate the association between board diversity and dividend policy. Furthermore, hierarchical explained the results for interaction effect of investment efficiency. This study adds a new finding in the corporate governance through empirical an investigation on the association between board diversity and dividend policy. Results support the interaction effect of investment efficiency between board diversity and dividend policy. Our study suggests that firms involve in high level of efficient investment with diverse ethnic backgrounds and gender in corporate board significantly associated with dividend policy. This study explains the practical implications for the corporate boards in the south Asian culture who enhance the investment efficiency that main goal of finance to enhance the wealth maximization of shareholders in terms of dividends.
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