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42 Pages : 616-630

http://dx.doi.org/10.31703/gssr.2018(III-IV).42      10.31703/gssr.2018(III-IV).42      Published : Dec 2018

Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index

    This paper attempts to determine the impact of dividend policy on stock price in Pakistan. A sample of 20 textile listed companies in PSX is examined for a period from 2010 to 2017. The empirical estimation is based on a panel regression analysis of the relationship between dividend policy and share price and also used fixed effect model. Secondary data were used by the researcher in the study. The study has taken share price as a dependent variable while the dividend policy is an independent variable. The dividend policy was measure by different proxy such as SDS, DPR, EPS, PAT and ROE. The result explained that the ROE and EPS have significant positive relationship with share price while the SDS, PAT and DPR have negative association with share price. Although the results are not robust enough as in the case of developed markets but are consistent with the behavior of emerging markets

    Dividend Policy, Share Price
    (1) Sanaullah Khan
    MBA Student, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
    (2) Muhammad Faizan Malik
    Assistant Professor, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
    (3) Shehzad Khan
    Assistant Professor, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.

Views: 751 · Downloads: 3

54 Pages : 420-429

http://dx.doi.org/10.31703/gssr.2019(IV-II).54      10.31703/gssr.2019(IV-II).54      Published : Jun 2019

Oil Price Fluctuations and Volatility of Firm Risk

    Prior literature reports that macro-economic factors of a country affect stock exchange performance and thus firm performance. Recent strands of literature and the fluctuations in currency have a substantive effect on countries' economies. These fluctuations are also a cause of price fluctuations of imports and exports. One such factor which directly affects firm performance is the oil price fluctuations. Thus, this thesis empirically investigates the effect of oil price fluctuations on firm risk for the firms listed on PSX for the period 2012-2017. Secondary data is taken from SBP, Balance Sheet Analysis Database, Pakistan Stock Exchange and the company's website in some cases. Using Panel data, results show that oil prices increase firm risk (beta), which indicates that market participants react to change in oil prices and thus increases risks. The study indicates that policymakers need to control oil prices to keep firm risk in control and thus manage the market towards a better investment environment.

    Macroeconomic Factors, Oil Price Fluctuations, Firm Performance, Firm Risk
    (1) Asif Rahman
    MS Scholar, Institute of Business Studies & Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
    (2) Muhammad Faizan Malik
    Assistant Professor, Institute of Business Studies & Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
    (3) Shehzad Khan
    Assistant Professor, Institute of Business Studies & Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.

Views: 782 · Downloads: 5

04 Pages : 36-43

http://dx.doi.org/10.31703/gssr.2020(V-I).04      10.31703/gssr.2020(V-I).04      Published : Mar 2020

Short Run and Long Run Association of Macro-Economic Indicators with Stock Market: Evidence from Pakistan Stock Market

    Stock markets are of prime importance for the stability and boosting of an economy; its development and formation of capital. An active and stable stock market induces effective and successful organizations. The stability of stock markets is always disturbed by fluctuations in certain macroeconomic variables. This study is an endeavor to find out the effect of these variables on the Pakistan stock exchange index both on long term as well as short term bases. Statistical tests were applied on the quarterly time series data from January 2004 to December 2018. The results of the study show that there is negative association among the rate of inflation and share price while the stock prices have positive association with exchange rate and rate of interest. Findings of this study could help the investors to gain positive returns from investment in stock market.

    Interest rate , Exchange rate, inflation, Share Prices.
    (1) Raza Ullah Shah
    Assistant Professor, Department of Management Sciences,Qurtuba University of Science and Information Technology, Dera Ismail Khan, KP, Pakistan.
    (2) Kashif Saleem
    Assistant Professor,Department of Management Sciences,Qurtuba University of Science and Information Technology, Dera Ismail Khan, KP, Pakistan.
    (3) Faizan Malik
    Assistant Professor,Department of Management Sciences,Wali Khan University, Mardan, KP, Pakistan.

Views: 2,165 · Downloads: 9

40 Pages : 396-407

http://dx.doi.org/10.31703/gssr.2021(VI-I).40      10.31703/gssr.2021(VI-I).40      Published : Mar 2021

Factors Influencing Female Purchase Behavior for Organic Cosmetic Products in Pakistan

    The use of organic cosmetics is gaining popularity in Pakistan due to associated health and environmental benefits. Consumers' preferences are rapidly shifting towards organic cosmetics because these products are based on natural ingredients. To analyze the gathered data of 300 female's convenience sampling technique was applied belonging to Faisalabad and Lahore. The data was collected about consumers' socioeconomic characteristics, consumption, purchase patterns with major factors of organic cosmetic consumer behavior and were analyzed using descriptive statistics and multiple regression techniques. The findings of the study revealed that three factors, health consciousness, environmental consciousness, and product quality information, impact significantly consumer behavior for organic cosmetics. Another factor needs for uniqueness showed a week impact on consumer behavior. This study provided valuable insights and recommendations to the industry about consumer behavior. It is suggested that marketers improve operational marketing policies by communicating the eco-friendly benefits of organic cosmetics.

    Purchase Behavior, Health Consciousness, Environmental Consciousness, Need for Uniqueness, Price Sensitivity, Product Quality Information Purchase
    (1) Sidra Ishaq
    MS Scholar, Marketing Management, Institute of Business Management Sciences, University of Agriculture Faisalabad, Faisalabad, Punjab, Pakistan.
    (2) Hammad Badar
    Assistant Professor, Institute of Business Management Sciences, University of Agriculture, Faisalabad, Punjab, Pakistan.
    (3) Hira Javed
    Agri Extension, Education and Rural Development, University of Agriculture, Faisalabad, Punjab, Pakistan.

Views: 787 · Downloads: 7

09 Pages : 115-123

http://dx.doi.org/10.31703/gssr.2025(X-IV).09      10.31703/gssr.2025(X-IV).09      Published : Dec 2025

Rice Leading the Prominent Crop Production Using NDVI at Khairpur Nathan Shah

    Rice is the basic cereal crop after wheat; it is a major revenue generator in cash crops around the Khairpur Nathan Shah region. It is one of the rice cultivator regions in the Dadu zone, which is considered a prominent crop for its local economy. Climate change has a major effect on agriculture in the KN Shah area, also enforcing vulnerable conditions due to droughts and floods that have negative effects on production and seasonal cultivation. For assessing the rice crop, community-based survey data were collected along with remote sensing, using the GIS tool, through the Indicate the month of June and July 2022 crop data. It was used for the Normalized Difference Vegetation Index (NDVI) classification. The result demonstrated 0.16-0.34 values in rice in the month of June, while 0.26-0.54  values in July.

    Rice, Cash Crops, Dadu, Droughts, Floods
    (1) Azhar Ali Lund
    Teacher, School education and literacy department, Government of Sindh, Pakistan.
    (2) Sujomal Meghwar
    Associate Professor & Chairman, Department of Geography, University of Sindh, Jamshoro, Sindh, Pakistan.
    (3) Gianchand Kolhi
    Lecturer, Government (Boys) Degree College, Samaro, Sindh, Pakistan.

Views: 17 · Downloads: 7