GISRAS Journal of Management & Islamic Finance (GJMIF)

Climate Change Policy Events and Stock Market Performance: An Event Study Approach

2024-12-24T11:50:52+00:00

This study delves into the impact of two significant climate events, namely the Global Shield Funding and the Paris Agreement, on stock market returns. By analyzing the responses of investors to these climate events, the study aims to provide insights into how financial markets react to global initiatives addressing climate change. The research focuses on assessing the implications of the Global Shield Funding announcement and the Paris Agreement on stock market dynamics, particularly in V7 countries. Through event studies and market model analyses, the study examines the relationship between these climate events and stock returns, shedding light on investor sentiment and market performance in the context of climate change initiatives. The findings contribute to understanding the interplay between climate events, investor behavior, and financial markets, highlighting the importance of sustainable investments in a changing environmental landscape.

The Impact of Employee Development on Their Teaching and Learning Skills: Evidence from the Universities & Institutes of Sindh

2024-12-24T12:03:51+00:00

Purpose

The current research was examining to investigates the impact of the employee development on the teaching and the learning skills of the university teachers and how effects the employee development factors on the teacher’s productivity and their ability, skills and functionality in term of delivered the lectures and to increase the satisfaction level of the students in term of knowledge
Design/methodology/approach- Through the administrative questionnaire to collect the data from the respondent of the different universities in the city of Karachi and data analysis through the Smart Partial Least Square,4.0. through the method of the quantitative research approach, with non-probability purposive sampling technique. Thus, the current research study was examining the impact of the employee development on the teaching methodologies and the teaching skills, to enhanced the student’s productivity.

Findings

The results indicates that the factors of the employee development significantly impact on their teaching and the learning skills in the sector of the educational. The managerial implications of the current research study significance importance to development of the strategic development programs to enhance the productivity of the employee and their teaching and the learning skills.

Research limitations/implications

The current research study was examining and identifying the research gap with the employee development on the impact on their teaching and the learning skill.

Originality/value

Thus, managerial implications of the current research study significance importance to development of the strategic development programs to enhance the productivity of the employee and their teaching and the learning skills

The Impact of Shariah Compliance and Risk Management on Financial Performance: The Mediating Role of Operational Efficiency in Islamic Financial Institutions

2024-12-24T12:13:49+00:00

The purpose of this study is to analyze the relationship between Shariah compliance and risk management practices on the financial performance of Islamic financial institutions with the mediating role of operational efficiency. Data was collected from Islamic financial institutions’ managers and the proposed relationships were analyzed by means of Partial Least Squares Structural Equation Modeling (PLS-SEM). The results shows that shariah compliance and risk management practices significantly effect on the financial performance of Islamic financial institutions. Furthermore, the results indicated that operational efficiency has a strong mediating role in the relationship between Shariah compliance, risk management, and financial performance. This research offers implications for both scholars and professionals as it reveals that improving operational performance can improve the financial performance of IPIs while following the Shariah and controlling risks.

FINANCIAL PERFORMANCE ENHANCEMENT THROUGH EMPLOYEE DEVELOPMENT: EVIDENCE FROM KARACHI CORPORATES

2024-12-24T12:18:59+00:00

The present research focuses on the effects of training and development programs on the firm’s performance in the corporate sector of Karachi, Pakistan. It becomes crucial in the current fluid business environment accelerated by technological changes to establish the link between the theory-supporting human resource training programs and financial measures in organizations’ performance. This paper identifies training and development as important strategic tools in increasing efficiency, job satisfaction, and organizational output. The first research focus is to determine how far the training activities have propelled financial benefits, including sales revenue, cost advantages, and profitability. Following an exploratory quantitative research method, data was obtained from 102 corporate employees stationed in Karachi through questionnaires. Data analytical tools such as logistic regression was used in this study to establish a relationship between training and development and financial performance indicators. In the findings of the study, it becomes quite clear that laudable training activities tend to enhance positive organizational financial performance. Based on the analysis, the following suggestions have been made. Companies should consider offering considerable investment for the development of their employees, which will enhance the competition of the business and grant top financial results. Moreover, there is a need for organizations to conduct periodic assessments on the added value of their training initiatives for the improvement of organizational employee performance and the financial bottom line. The present work contributes to the development of the existing literature by presenting the empirical findings highlighting the significance of the training and development activities in achieving effective financial performance improvement in the given field of the corporate segment. When training and development interventions are aligned to the organizational goals, and effective methods of evaluation are used, organizational competitiveness improves, and sustainable business growth is achieved in today’s challenging Karachi, Pakistan business environment.

Investor Traits and Risk Tolerance Post-COVID-19: The Moderating Role of Financial Advice in Pakistan

2024-12-24T12:42:27+00:00

Purpose

This study examines the impact of personal characteristics (age, gender, education, market exposure, and marital status) on individual investors' risk tolerance in Pakistan post-COVID-19. Additionally, the moderating role of financial advice in influencing this relationship is explored.

Methodology

A quantitative research design was employed, with data collected via an online survey of 382 retail investors in Pakistan. The data was analyzed using the generalized ordered logistic regression model to test the relationship between personal characteristics and risk tolerance, moderated by financial advice.

Findings:

Results indicate that gender, age, education, and market exposure are all good predictors of risk tolerance. Financial advice is a significant moderator; it significantly enhances the risk tolerance for groups that are generally more conservative - women and older respondents.

Implications

The findings have several implications that are useful for both practicing financial advisors and policymakers. Advisors can have demographic-specific guidance for their clients, while policymakers can design focused financial literacy programs. Individual investors could make better choices on risk exposure, knowing the influence of personal traits and how professional advice works.

Novelty

This is a new integration of the Life Cycle Hypothesis and financial advice as a moderating variable, leading to a better theoretical understanding of investor behavior. The results offer new insights into how personal characteristics and external guidance shape risk tolerance in emerging markets such as Pakistan.

Future Research

Future studies should try to find more personal characteristics, including personality and cultural variables, and analyze how changes in life events or deviations in income may affect risk tolerance. Other fruitful areas of possible research could include an investigation into the impact that digital financial advice services may have on investor behavior.

THE IMPACT OF MONETARY AND FISCAL POLICIES ON INFLATION AND ECONOMIC GROWTH OF SELECTED DEVELOPING COUNTRIES: AN EMPIRICAL APPROACH

2024-12-24T12:49:26+00:00

This study investigates the effects of monetary and fiscal policies on economic growth and inflation in selected developing countries, using data from 2001 to 2020. The research employs an ARDL approach to analyze the impact of money supply and taxation systems on these economic variables. The findings reveal a stronger influence of fiscal policy on economic growth in both the long and short run compared to monetary policy. A specific case is highlighted: in 2019, Pakistan experienced a collapse in its real economy while nominal figures rose. To ensure robustness, panel dynamic OLS was utilized, and results were obtained from PMG estimation. The study recommends that policymakers prioritize fiscal policy to enhance GDP growth, while monetary policy should be aimed at achieving price stability.