Using badla financing as a measure of leverage we examine both temporal and contemporaneous links among badla financing, stock returns and market volatility. We find that the market volatility is significantly and positively related to the change in badla financing and to past market returns. We...

The presence of variation in all manufacturing and measurement processes is a natural phenomenon and is the key factor which affects the performance of all types of processes. A better understanding of the causes of variability in any processes is necessary to improve the process. For an...

Standard Shewhart control charts are often based on the assumption that the observations follow a specific parametric distribution, such as the normal, and outlier-free samples are initially selected to construct control limits for future monitoring of process parameters, e.g., location,...

This paper investigates the performance effects of bank governance reforms in Pakistan where banking industry has completed two decades of transition from dominance of state-owned banks to a system where foreign and private banks compete freely with state-owned banks. We employ the stochastic...

The problems of development and improvement of telecommunication services in the Asia Pacific region are vast and complex. Nearly 60% of the world population lives in this region which offers many contrasts in geographical, climatic and socioeconomic conditions. Telecommunication services in the...

This study attempts to investigate the impact of changes in bank governance on bank performance in Pakistan. Governance changes entail the privatization and restructuring of state-owned banks, and the merger and acquisition of private and foreign banks. Using the concept of frontier efficiency,...

In this paper we explore the role of the static, selection and dynamic corporate governance changes on performance of commercial banks. We use stochastic cost frontier and panel data methods for an unbalanced panel data of Pakistani banks from 1991 to 2005. We find overall bank cost inefficiency...

Purpose – The purpose of this study is to test the validity of Fisher effect for four South Asian and two oil-producing countries, namely India, Bangladesh, Pakistan, Sri Lanka, Kuwait and Saudi Arabia. Design/methodology/approach – The autoregressive distributed lag-bound testing approach...

: Malaysia s rapid economic growth has given rise to the realization of distributional objectives for achieving its ultimate goal of national unity. Reducing poverty and income disparities among races, income groups and regions is continuously emphasized by the Government of Malaysia in the...