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Tariq Javed

Bio: Tariq Javed is an academic researcher from Sultan Idris University of Education. The author has contributed to research in topics: Productivity & Return on equity. The author has an hindex of 6, co-authored 14 publications receiving 100 citations. Previous affiliations of Tariq Javed include Mohammad Ali Jinnah University & Jinnah University for Women.

Papers
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TL;DR: In this paper, the impact of capital structure on firm performance of 63 companies listed on Karachi Stock Exchange was analyzed and it was proved that capital structure has impact over firm performance so managers should adopt necessary carefulness while taking decisions regarding capital structure.
Abstract: An attempt was made to analyze the impact of capital structure on firm performance of 63 companies listed on Karachi Stock Exchange. Data comprised of 5 years, 2007 to 2011. Balance Sheet Analysis issued by State Bank of Pakistan was used for data collection. Fixed Effects Model was used as pooled regression model to find the relationship between firm performance (ROA, ROE, ROS) and capital expenditure (DTA, EQA, LDA). Results showed that there does exist a relationship but direction of the relationship was mixed. Capital structure showed positive impact on firm performance when retrun on assets (ROA) was used as dependent variable. When return on equity (ROE) was used as dependent variable then debt over assets ratio (DTA) showed positive impact but equity over assets ratio (EQA) and long term debts over assets ratio (LDA) revealed negative impact over dependent variable and when retrun on sales (ROS) was used as dependent variable then DTA and EQA showed negative link to ROS but LDA revealed positive impact over ROS. It was proved that capital structure has impact over firm performance so managers should adopt necessary carefulness while taking decisions regarding capital structure.

38 citations

Posted Content
TL;DR: In this paper, the authors examined the existence of herding behavior of investors in Pakistani stock market and concluded that Herding behavior does not exist in Karachi Stock Exchange analyzing monthly returns data.
Abstract: This study aims at examining the existence of herding behavior of investors in Pakistani stock market. KSE 100 is selected as a sample for the study as it represents almost 86% of Karachi Stock Exchange. Monthly data for companies has been gathered for analysis. Results obtained fail to find any evidence of herding in Karachi stock exchange with significantly positive values for dichotomous variables representing extreme market conditions. Similarly the value for squared market returns is also found negative but insignificant. The study concludes that Herding behavior does not exist in Karachi Stock Exchange analyzing monthly returns data.

22 citations

Posted Content
TL;DR: In this article, a survey was conducted on 416 people from educational institutions, corporate sectors and food courts in Pakistan to empirically examine the impact of self-control and financial literacy on financial behavior and financial well-being of people.
Abstract: Financial knowledge is empowering the new generation of the 21st century in the era of transformative marketing (Kumar, 2018), which leads to the well-planned financial structure for long terms. However, it is imperative to know that on what scales they are managing their budgets. Understanding the impact of selfcontrol, financial literacy, and financial behavior is very vital for living a successful life (Sarstedt et al., 2017). The literature shows, people with good self-control and financial literacy tend to behave well compared to people with less self-control and financial literacy. This study examines the relationship between self-control financial literacy, financial behavior and financial wellbeing. A survey was conducted on 416 people from educational institutions, corporate sectors and food courts in Pakistan to empirically examine the impact of self-control and financial literacy on financial behavior and financial well-being of people. Better self-control and financial literacy lead to greater financial well-being. This research paper concludes that self-control and financial literacy affect financial well-being through financial behavior. Financial literacy has a significant direct impact on financial wellbeing, however the direct impact of self-control on financial well-being is insignificant. Impact of financial behavior on financial well-being is stronger than the impacts of financial literacy and self-control on financial well-being. This paper will be useful for economists and companies in Pakistan to better understand consumer market and to make decisions accordingly.

19 citations

01 Jan 2011
TL;DR: In this paper, the impact of size and risk management ability on economic performance of multi-national corporations was explored and the authors found that economic performance is positively related with the size of the firm, risk management abilities and negatively related with financial leverage.
Abstract: This study explores the impact of size and risk management ability on economic performance of multi-national corporations. Economic performance is observed under different level of Size, Financial Leverage, and Risk Management ability of multi-national corporations. Economic performance is determined on the basis of three elements Return on Assets, Return on Equity and Return on Investment. By examining twenty multi-national firms, we found that economic performance is positively related with the size of the firm, risk management abilities and negatively related with the level of financial leverage. This paper shows how the risk management process influences the economic performance of organizations.

8 citations

Journal Article
TL;DR: The causal variable employee ownership transmits an effect on the dependent variable organizational productivity through mediator participation in decision making measured through voting rights which is called as an indirect effect.
Abstract: This paper explores the impact of an employee ownership through the intervening role of the employee’s involvement in the organizational decision making process towards enhancing corporate productivity. This study adds to the existing series on the role of employees’ ownership on an organizational performance. The causal variable employee ownership transmits an effect on the dependent variable organizational productivity through mediator participation in decision making measured through voting rights which is called as an indirect effect. Population of the study is state owned entities which have implemented the employee ownership scheme and all the employees covered under the scheme. The study is based on the primary as well as secondary data, convenient sampling techniques is used to collected primary data. The results indicate that if the employees participate in the decision making process, it will give them sense of psychological ownership and align their interests with the organization. The alignment of objectives will reduce the organizational operating costs, improve the quality of organizational decision making and will reduce the agency costs. Therefore, as a result of these milestones overall organizational productivity improves.

7 citations


Cited by
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Journal Article
TL;DR: Prospect Theory led cognitive psychology in a new direction that began to uncover other human biases in thinking that are probably not learned but are part of the authors' brain’s wiring.
Abstract: In 1974 an article appeared in Science magazine with the dry-sounding title “Judgment Under Uncertainty: Heuristics and Biases” by a pair of psychologists who were not well known outside their discipline of decision theory. In it Amos Tversky and Daniel Kahneman introduced the world to Prospect Theory, which mapped out how humans actually behave when faced with decisions about gains and losses, in contrast to how economists assumed that people behave. Prospect Theory turned Economics on its head by demonstrating through a series of ingenious experiments that people are much more concerned with losses than they are with gains, and that framing a choice from one perspective or the other will result in decisions that are exactly the opposite of each other, even if the outcomes are monetarily the same. Prospect Theory led cognitive psychology in a new direction that began to uncover other human biases in thinking that are probably not learned but are part of our brain’s wiring.

4,351 citations

Journal Article
TL;DR: Šonje et al. as mentioned in this paper used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP.
Abstract: relationship. All subsequent studies confirmed it (see for example King and Levine, 1993, and the review in: Pagano, 1993). Goldsmith used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP. He also showed that in periods of rapid growth, financial depth grows faster than income. More details about measuring financial depth can be found in this paper. FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH Velimir Šonje

891 citations

Book
01 Jan 1981

704 citations