The present study examined corporate entrepreneurship (CE) influence upon business performance following the mediation of employee engagement. In all, 201 middle managers from big 5 banks in Pakistan were sampled for the present study. Through applying structural equation modeling to test statistical relationship, the results revealed significant positive relationship between CE and business performance. Accordingly, the results also indicated mediation of employee engagement in this relationship thus, supporting both the hypothesized relationships. The study is first of its kind, addressing critical gap concerning employee engagement in the domain of CE and business performance. The study presents critical explanations and potential implications through which CE prospects could help employees to feel obliged to respond back with higher engagement and business performance. Toward the end, the chapter also discusses future research directions and scope for further study.

This study aims to examine volatility spillover among equity and commodity markets of the United States. The analysis focuses on crude oil (Brent and WTI [West Texas Intermediate]), rice, and gasoline. For the analysis, generalized autoregressive conditional heteroscedasticity (GARCH) (1, 1) model is applied on monthly data for the period of February 2005 to December 2016. Results show that there is no volatility spillover from commodity market (gold, oil, gas, and rice) to equity market, whereas it only exists in few commodity markets, from oil to rice and gas. The study also finds that there is neither mean spillover nor volatility spillover among gold and equity market; therefore, investor can invest in equity and gold to diversify risk of portfolio.

The paper provides an updated evidence of the linkage between stock market and macroeconomic factors in Pakistan. The sample period is from January 2011 to November 2017. Macroeconomic variables used are money supply, exchange rate, treasury bill rate, inflation and industrial production. Generalized autoregressive conditional heteroscedasticity (GARCH) models have been used to examine the impact of macroeconomic factors on stock market return and stock market volatility. Findings suggest that macroeconomic factors have an impact on stock market volatility. The fluctuations in inflation and money supply negatively influence the volatility of stock market returns. In contrast, industrial production positively affects the fluctuations of stock market returns. The findings are important for shareholders, investors, regulatory authorities and policymakers.

Purpose This paper aims to investigate the impact of economic, social and political globalizations on the incidents of global terrorism. Design/methodology/approach The authors apply negative binomial regressions model because the variable is event count. The sample size covers 195 countries from 1990 to 2017. Findings There is strong evidence that the higher level of economic and social integrations internationally lead to a reduction in terrorist activities. However, the results relating to political globalization are inconsistent. Comparing the top 20 most affected countries with the full sample, the authors find a negative association between economic globalization and terrorism, whereas social and political globalization is found to be statistically insignificant. Finally, the evidence holds firmly pre-9/11 attacks on World Trade Centre. Research limitations/implications This paper suffers through the lack of consensus on a unique and consistent definition of terrorism. The definition of terrorism varies across time and countries. Furthermore, there is a variation among the main databases of terrorism, which could potentially affect the reliability of findings. Practical implications This paper provides policymakers with a policy recommendation that the economic and social integration across countries should be encouraged, as it might decrease the number of terrorist events taking place worldwide. In addition, the benefits of economic development generated through global integration must be fairly distributed across societies as an effort to decrease motivation of disgruntles population to involve in terrorism. Originality/value This paper contributes empirically to the existing literature through investigating the impact of economic, social and political globalizations on the incidents of terrorism worldwide.

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