SEARCH ARTICLE

17 Pages : 160-168

http://dx.doi.org/10.31703/gssr.2020(V-IV).17      10.31703/gssr.2020(V-IV).17      Published : Dec 2020

Role of Personality and Psychological Attributes of Financial Managers in Capital Budgeting Decisions: Case of Spinning Industry of Pakistan

    The current study aims to investigate the role of personality and psychological attributes of finance managers in the success of their capital budgeting decisions in the industrial sector of Pakistan. For said purpose, we employ a sequential explanatory mixed-method research design. First, the MBTI scale is used to explore the personality traits of the managers working in spinning firms. Then based on the result of the MBTI scale, ten financial managers were selected for semi-structured interviews. NVIVO 11 was used to perform qualitative data analysis. It is established from the results of thematic analysis; the commander is the most effective personality trait of managers for the successful capital budgeting decisions followed by executive, defender, virtuoso, and logistician. Further, the present study also establishes a significant connection between the personality traits of successful managers and their Psychological attributes.

    Personality and Psychological Attributes of Managers, Capital Budgeting Decisions and Sequential Mixed Method Research
    (1) Nisar Ahmad
    Assistant Professor, Hailey College of Commerce, University of the Punjab, Lahore, Punjab, Pakistan.
    (2) Bilal Nafees
    Lecturer, Department of Economics and Business Administration, University of Education, Lahore, Punjab, Pakistan.
    (3) Safyan Majid
    Lecturer, Department of Commerce and Finance, Government College University Lahore, Lahore, Punjab, Pakistan.

23 Pages : 220-230

http://dx.doi.org/10.31703/gssr.2020(V-I).23      10.31703/gssr.2020(V-I).23      Published : Mar 2020

Impact of Loan Accessibility on Working Capital Management and Profitability: Comparative Study of Family Versus Non-Family Firms

    his study is conducted to identify the direction of the relationship between working capital management (WCM) and firm performance of the non-financial sector of Pakistan from 2009 till 2018. This has also looked at the effect of restricted access to loan on the WCM- Profitability relationship. The findings confirmed that restricted loan accessibility impacts the WCM-Profitability relationship. The comparative analysis demonstrated that financially constrained firms are mostly non-family firms that are new, growing, smaller in size, face high risk, maintain high liquidity and tangibility ratios than non-constrained firms. Further, the working capital levels of financially constraint firms is lower because of high operating expenses and greater capital rationing. Managers and scholars may use these findings for the administration of their working capital policies in order to avoid the financial cost and create more opportunities for financial accessibility which is further beneficial for making informed investment decisions, yielding higher profits that contribute towards sustainable growth.

    Financial Constraints, Working Capital Management, Firm Profitability, Investment Decisions, Loan Accessibility, Family Firms, Sustainable Growth
    (1) Kanwal Iqbal Khan
    Assistant Professor, Institute of Business & Management,University of Engineering and Technology, Lahore, Punjab, Pakistan.
    (2) Adeel Nasir
    Assistant Professor,Department of Management Sciences, Lahore College for Women University, Jail Road , Lahore, Punjab, Pakistan.
    (3) Aniqa Arslan
    Assistant Professor, Department of Management Sciences, Shaheed Benazir Bhutto University, Shaheed Benazirabad, Karachi, Pakistan.

14 Pages : 106-114

http://dx.doi.org/10.31703/gssr.2019(IV-III).14      10.31703/gssr.2019(IV-III).14      Published : Sep 2019

Financial Literacy as a Life-Saver: Moderating the Contribution of Behavioral Biases towards Investment Decisions

    The assumption of investor rationality had been central to developing an understanding of financial markets and decision outcomes. But the formation and consequent burst of tech-stock bubble changed the paradigm and shifted towards the behavioral interruption aspect of investor psychology. The study aimed to investigate the relationship of two heuristics and one emotional bias with financial decisions and the moderating effect of financial literacy on the said relationship. Primary data is gathered through questionnaire from 208 clients of national savings. Moderation analysis was done and the effect of biases on the financial decisions was found significant enough. Furthermore, financial literacy moderates this relationship positively only for heuristics but no moderation found for selfcontrol. The policymakers can design their financial instruments and strategies by keeping in view the implication of biases on investor’s decision. Moreover, periodic financial literacy sessions can be arranged to create awareness among investors and advisors.

    Financial Decisions, Financial Literacy, Anchoring Bias, SelfControl, Availability Bias
    (1) Faisal Mehmood
    Ph.D. Scholar,Management Sciences,Bahria University, Islamabad Campus, Pakistan.
    (2) Taqadus Bashir
    Associate Professor, Department of Business Studies,Bahria University, Islamabad Campus, Pakistan.
    (3) Altamash Khan
    Lecturer,Lahore Business School, University of Lahore, Islamabad Campus, Pakistan.

07 Pages : 51-59

http://dx.doi.org/10.31703/gssr.2019(IV-II).07      10.31703/gssr.2019(IV-II).07      Published : Jun 2019

Comforting Investments are Rarely Profitable: Impediments in Investor Decision Making

    This research aims at testing and confirming existence of selected behavioral biases of investors that affect their decisions. Five behavioral biases affecting irrational behavior of investors were selected: overconfidence bias, illusion of control bias, confirmation bias and recency bias and optimism bias. Primary data was collected through a questionnaire from 300 investors from banks, insurance companies, stock exchanges etc. The results were obtained by employing a correlation and regression analysis for the presence of behavioral biases and to detect degrees of their influence on decision making. Correlation results indicate moderate association between behavioral biases and decisions of investors. Outcome of the research indicates that while making financial decisions investors are moderately affected by behavioral biases.

    Investment Decisions, Overconfidence, Illusion of Control, Optimism, Confirmation, Recency, Behavioral Biases
    (1) Taqadus Bashir
    Associate Professor, Department of Management Sciences, Bahria University, Islamabad, Pakistan.
    (2) Faisal Mehmood
    PhD Scholar, Department of Management Sciences,Bahria University, Islamabad, Pakistan.
    (3) Altamash Khan
    PhD Scholar, Department of Management Sciences,Bahria University, Islamabad, Pakistan.

59 Pages : 467-478

http://dx.doi.org/10.31703/gssr.2019(IV-II).59      10.31703/gssr.2019(IV-II).59      Published : Jun 2019

Industrial Entrepreneurs' Decisions for Start-up Behavior in the Context of Economic Corridors: A Scale Development & Contextualization Process

    Start-up behaviour is a key resource for entrepreneurial investment decisions. Economic Corridors are a new form of regional and beyond regional entrepreneurial collaborations. The present research aimed at operationalising the measurement scale for industrial entrepreneurs' start-up behaviour in the context of entrepreneurship under economic corridors. Particularly, the present study is committed to developing, contextualising, and statistically pilot testing the measurement scale of start-up behaviour of industrial entrepreneurs. This study applied EFA, validity, and reliability tests on the 6-items constructed for Start-up Behavior.Data was collected from the owners, shareholders, members of the board of directors and Chief level executives of 425 manufacturing organisations (e.g., also known as industrial entrepreneurs) in Pakistan. Results of this scale contextualisation process confirmed that initial developed 7 items were reduced to 6-items, and 1-item was deleted at the stage of face & content validity. The final form of measurement scale for Start-up Behavior consisted of 6- items under 1-factor. Moreover, this study described and presented a systematic process for scale development, scale contextualisation, and statistical pilot testing to ensure the factorisation/extraction of factors, reliability and validity for the
    newly operationalised scales for start-up behaviour. This study contributed to the body of knowledge for behavioural sciences, entrepreneurship, and economic corridors by providing a 6-item measuring scale of industrial entrepreneurs' start-up behaviour. This study is also an added advantage for the owners of the manufacturing firms and policymakers up to the extent that they were able to analyse the six behavioural factors for investment in the new start-ups.

    Industrial entrepreneurship, start-up Behavior, Star-up Decisions, Scale Development, Exploratory Factor Analysis, Economic Corridors,
    (1) Muhammad Arif
    Professor, Department of Management Sciences, Bahria University, Islamabad, Pakistan.
    (2) Zia Ur Rehman
    Department of Management Sciences, Bahria University, Islamabad, Pakistan.
    (3) Saira Batool
    Assistant Professor, Department of Urdu, International Islamic University, Islamabad, Pakistan

14 Pages : 128-136

http://dx.doi.org/10.31703/gssr.2021(VI-III).14      10.31703/gssr.2021(VI-III).14      Published : Sep 2021

Emotional Intelligence and Decision Making: A Correlational Study of School Principals

    The objective of the study was to find out the relationship between emotional intelligence and the decision-making of secondary school principals. The current study was descriptive and quantitative in nature, and a survey method was applied to collect the data.All the secondary school principals working in District Haveli and Punch were the population of the study. The instrument used was a self-developed questionnaire to collect the data. The questionnaire was used comprising of three parts. Part A of the questionnaire was used for demographic data, part B was used to measure emotional intelligence, and Part C of the questionnaire was utilized to measure the decision-making styles. The researcher collected data from all secondary school principals of both districts, District Haveli and District Bagh, including private and public school principals, using a universal sampling technique. Data were analyzed through SPSS by using Pearson's correlation analysis. It is inferred that a significant and strong positive relationship exists between emotional intelligence and decision-making styles of principals.

    Emotional intelligence, Decision Making, Correlational Study, School Principals
    (1) Nazir Haider Shah
    Assistant Professor, Department of Education, University of Kotli, Azad Jammu and Kashmir, Pakistan.
    (2) Muhammad Naqeeb ul Khalil Shaheen
    Lecturer, Department of Education, University of Kotli, Azad Jammu and Kashmir, Pakistan.
    (3) Sobia Yaseen
    Lecturer, Department of Education, University of Kotli, Azad Jammu and Kashmir, Pakistan.

41 Pages : 421-429

http://dx.doi.org/10.31703/gssr.2022(VII-II).41      10.31703/gssr.2022(VII-II).41      Published : Jun 2022

Students' Perception of Decision-Making Styles at University Level in Punjab

    The current study aims to investigate students' perceptions of decision-making styles carried out in Punjab. All the students from the education department/institute of the government universities were the population of the study. For this purpose, seven universities which offer B.Ed. (Hons.) the program was selected randomly, and students (last semesters) were the study participants. The data was collected through a survey questionnaire. The instrument's reliability was 0.72. Results show that students have different perceptions regarding the styles carried by them. Most of the students are carried avoidant decision-making styles. At the same time, dependent decision-making styles were considered to be the least. Furthermore, a significant difference was not found between female and male students' perceptions of styles. It is recommended that universities offer courses to improve/develop effective skills because improved education assists students in making the right decisions at the right time in various realms of life and deciding on a better future.

    Decision, Decision-making Styles, University, Students, Self-realisation
    (1) Noor Ul Ain
    PhD Scholar, Institute of Education and Research, University of the Punjab, Pakistan.
    (2) Abid Hussain Ch.
    Professor, Institute of Education and Research, University of the Punjab, Pakistan

10 Pages : 107-115

http://dx.doi.org/10.31703/gssr.2023(VIII-I).10      10.31703/gssr.2023(VIII-I).10      Published : Mar 2023

Driving Factors Influencing The Women's Preference and Decision-Making For Non-Medically Indicated Caesarean Section

    Background:Caesarean section has become an emerging issue and catching attention worldwide. Shared decision-making among families and individuals has become a fashion and the main reason for women's preference for caesarean section. There are many societal factors that play an important role in unnecessary caesarean sections. Objective: To evaluate the driving factors influencing the women's preference and decision-making for caesarean section at the mother's request. Material and method: Qualitative research design used in this study via face-to-face in-depth interviews in a public-sector Faisalabad. IDI was conducted at the convenient time of the participant at the time of their antenatal visits. The interview's time was 30 to 40 minutes. The study's participants were pregnant women. A purposive sampling method was used. Data analysis was done on Nviovo software. Results: After transcribing the data, codes were made which leads to the basic themes with their sub-themes. The themes which were the influencing factors in women's preference and shared decision-making towards  caesarean section were: child and maternal health, peer pressure (husband/mother-in-law/society influence), financial influence and hospital management (shortage of staff). Conclusion: The percentage of non-indicated caesarean sections has drastically increased day by day in the last ten years. There should be introduced some strategies for the education of women about pro cons and indications or non-indication for caesarean section.Patients' and peer preferences should be deliberated with healthcare practitioners. Healthcare staff should explain the indications of caesarean section at the time of antenatal.

    Caesarean Section, Shared Decision-making, Maternal Preference, Non-medical Indication
    (1) Misbah Akram
    Post Rn, MSN, Lahore School of Nursing, University of Lahore, Lahore, Punjab, Pakistan.
    (2) Muhammad Afzal
    Principal, Lahore School of Nursing, University of Lahore, Lahore, Punjab, Pakistan.

18 Pages : 193-203

http://dx.doi.org/10.31703/gssr.2023(VIII-I).18      10.31703/gssr.2023(VIII-I).18      Published : Mar 2023

Development and Psychometric Evaluation of Life Skills Scale: An Indigenous Approach

    The word adolescence is used interchangeably with young people. This current research aims to formulate and evaluate an indigenous scale to assess life skills in adolescents. The scale was standardized in multiple phases including the search for relevant constructs and item generation, initial data collection and empirical analysis. Forty-six items were finalized through a committee approach for initial data collection. A sample of the current research was taken from the Peshawar division. Principal Component Analysis with varimax rotation was run. KMO and Bartlet Test of Sphericity were found significant (χ2 = 15060, p < .001). 38 items and six different sub-domains were identified. The Social and Emotional Competence Questionnaire (SEC-Q) and Depression Anxiety and Stress Scale confirmed this new scale. (DASS). Validation was verified. Exploratory factor analysis checked factor loadings. Life Skills tool, an adolescent tool, is reliable.

    Life Skills, Decision Making, Creative & Critical Thinking, Self-awareness, Interpersonal, Coping
    (1) Abdur Rahman
    PhD Scholar, Department of Psychology, International Islamic University, Islamabad, Pakistan.
    (2) Asghar Ali Shah
    Assistant Professor, Department of Psychology, International Islamic University, Islamabad, Pakistan.
    (3) Abdus Salam
    PhD Scholar, Department of Psychology, International Islamic University, Islamabad, Pakistan.

07 Pages : 72-83

http://dx.doi.org/10.31703/gssr.2023(VIII-II).07      10.31703/gssr.2023(VIII-II).07      Published : Jun 2023

Insights into Significant Contribution by Local Government toward Community Development in the Bahawalpur Division

    This research investigates the role of local government institutions in promoting community development in Bahawalpur division from 2001 to 2018. The provision of municipal amenities is crucial for community growth, and local governments are expected to play a significant role in enhancing social, political, and cultural development. However, financial constraints, lack of education, community participation, and infrastructural development hinder their effective functioning. The study used statistical sampling techniques and analyzed the data using regression, and correlation analysis. The results show a positive trend in the contribution of local government towards community development, with a significant positive relation between the local government budget, community participation, education level, and infrastructure development. The study suggests that local governments should prioritize allocating sufficient budgets for community development programs and encourage community engagement in decision-making processes. Overall, the study highlights the significance of local government institutions in promoting community development in Bahawalpur division.

    Budget, Bahawalpur, Community Participation, Decision-making Process, Grassroots Level, Infrastructural Development, Local Government
    (1) Muhammad Asim
    PhD Scholar, Department of Pakistan Studies, The Islamia University, Bahawalpur, Punjab, Pakistan.
    (2) Ikram Ullah
    Assistant Professor, Department of Pakistan Studies, The Islamia University, Bahawalpur, Punjab, Pakistan.
    (3) Muhammad Akhtar
    PhD Scholar, Department of Pakistan Studies, The Islamia University, Bahawalpur, Punjab, Pakistan.