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Article
Publication date: 27 February 2023

Ismail Khan, Yuka Fujimoto, Muhammad Jasim Uddin and Muhammad Asim Afridi

This study aims to examine sustainability reporting through the lens of global reporting initiative (GRI) standards in developing economies, particularly in Pakistan, from the…

Abstract

Purpose

This study aims to examine sustainability reporting through the lens of global reporting initiative (GRI) standards in developing economies, particularly in Pakistan, from the perspective of stakeholder theory, legitimacy theory, and system theory.

Design/methodology/approach

Qualitative and quantitative analyses on economic, social and environmental areas of sustainability reporting based on the GRI standards are applied across 57 organizations listed on the Pakistan stock exchange over the years 2016–2020.

Findings

The results from the content analysis and descriptive statistics show that overall sustainability reporting increased persistently over time and limited organizations disclose economic, social and environmental sustainability based on GRI standards. Moreover, the result from the two-tailed correlation analysis shows positive relations between economic, social and environmental sustainability reporting.

Research limitations/implications

Following the GRI standards, the regulators, government and policymakers need to assess the sustainability reporting based on GRI standards to improve corporate operations' transparency, stakeholder trust and legitimacy. The organizations should move beyond the compliance of regulatory norms and adopt the globally accepted sustainability GRI standards to improve sustainability reporting. The same kind of sustainability reporting is also advised for other countries with similar backgrounds and sustainability challenges.

Social implications

The integrated sustainability reporting framework based on GRI standards enables the organizations to work as a system of interconnected economic, social and environmental sustainability to resolve the issue of sustainability reporting, ensure the trust of multiple stakeholders and legitimize their business operations in society.

Originality/value

To the best of the authors' knowledge and thorough review of literature, this is the first study that examines the sustainability reporting based on GRI in the developing country of Pakistan to extend the findings of previous studies from conventional sustainability reporting to the globally accepted GRI based sustainability reporting. Using system theory, this study provides an additional contribution to the consideration concerning sustainability reporting based on GRI standards in the context of Pakistan.

Details

International Journal of Law and Management, vol. 65 no. 3
Type: Research Article
ISSN: 1754-243X

Keywords

Article
Publication date: 5 November 2020

Muhammad Tahir, Ahmad Ali Jan, Syed Quaid Ali Shah, Md Badrul Alam, Muhammad Asim Afridi, Yasir Bin Tariq and Malik Fahim Bashir

The purpose of this paper is to explore the contending role of important external inflows on the economic growth of Pakistan economy. The main purpose behind focusing on Pakistan…

Abstract

Purpose

The purpose of this paper is to explore the contending role of important external inflows on the economic growth of Pakistan economy. The main purpose behind focusing on Pakistan is that it is receiving significant inflows from different international sources such as International Monetary Fund, World Bank and Asian Development Bank.

Design/methodology/approach

The study adopted the autoregressive distributed lag cointegration approach for the purpose of exploring the long-run cointegrating relationship among the variables. As Pakistan Government had been implementing some major liberalization policies during 1990s, data from 1976 to 2018 is used to estimate the specified models to reflect the impact of the surge of foreign inflows occurring from that time. In addition, error correction model is estimated for examining the short-run relationships.

Findings

The findings revealed the significant role played by different inflows in accelerating the economic growth. According to results, in the long run, all inflows, for example, Foreign direct investment (FDI), debt, official developdment assistance and remittances, have influenced significantly and positively the economic growth. The two control variables such as inflation and employment level included in the model have also played their expected role in the growth process. In the short run, some of the variables such as remittances, FDI and inflation rate have lost their significance level while for debt, aid and employment level, the signs of their coefficients become reversed.

Practical implications

Based on the findings, the study suggests the policymakers of Pakistan economy to liberalize the economy and attract more inflows from the external sources to accelerate economic growth.

Originality/value

To the best of the authors’ knowledge, this is the first comprehensive empirical study on the role of foreign inflows in the process of economic growth in the context of Pakistan economy.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 13 no. 3
Type: Research Article
ISSN: 1754-4408

Keywords

Article
Publication date: 21 June 2019

Muhammad Tahir, Tooba Mazhar and Muhammad Asim Afridi

The trade–growth nexus has been researched during the past few decades. However, the impact of trade openness on different sectors of the economy is not well explored. The purpose…

Abstract

Purpose

The trade–growth nexus has been researched during the past few decades. However, the impact of trade openness on different sectors of the economy is not well explored. The purpose of the current study is to focus on developing countries to examine the impact of trade openness on three main sectors: industrial, service and agricultural.

Design/methodology/approach

The study applied econometric techniques that control unobserved heterogeneity and endogeneity to obtain robust and reliable results.

Findings

The results revealed that trade openness impacts different sectors differently. Trade openness positively impacts agriculture and industrial sectors, whereas it negatively affects the service sector. A similar trend is observed with regard to employment as it affects service sector negatively and creates a positive impact on other sectors, namely, agriculture and industrial sectors. Furthermore, it was found that human capital has a negative effect on all sectors, whereas financial development has positive effects on service and industrial sectors and negative effect on agriculture sector. The results are robust because of the method of estimation and the addition of some relevant variables.

Practical implications

The policymakers should focus on trade in agricultural and industrial sectors and should discourage trade in the service sector.

Originality/value

This study has examined the impact of trade openness on sectoral growth by focusing on the developing world, which is an under-researched area in the literature.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 12 no. 2
Type: Research Article
ISSN: 1754-4408

Keywords

Article
Publication date: 13 May 2024

Muhammad Zubair Khan, Ismail Khan, Zeeshan Ahmed, Muhammad Sualeh Khattak and Muhammad Asim Afridi

This study aims to test the Kuznets curve between economic growth and child labor, along with the influence of exports, household size and rural population in the context of…

Abstract

Purpose

This study aims to test the Kuznets curve between economic growth and child labor, along with the influence of exports, household size and rural population in the context of Pakistan.

Design/methodology/approach

To achieve the research objective, this study applied the unit root test, bound co-integration test, and autoregressive distributive lags (ARDL) method for the period of 1972–2021.

Findings

The findings show an inverted U-shaped relationship between economic growth and child labor indicating that at the beginning stage of economic development, child labor increases due to lower per capita household and subsequently, in the long-run of economic development, child labor decreases due to the higher per capita households. Moreover, the results also show that exports, household size and rural population have a positive influence on increasing child labor.

Research limitations/implications

The policymakers and government of Pakistan need to focus on long-term economic growth policies, ensure free quality education and cheap equipment which practices minimum manpower to reduce the threat of child labor.

Social implications

Having long-run economic growth, the government of Pakistan need to equally benefit the households and the poor population to reduce child labor and enhance the social welfare of society.

Originality/value

To the best of the authors’ knowledge, this is the first study that investigates the Kuznets curve relationship between economic growth and child labor in the context of Pakistan. Moreover, this study contributes to the reduction in child labor through long-term economic growth in the context of Pakistan.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0387

Details

International Journal of Social Economics, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 10 June 2020

Muhammad Tahir, Arshad Hayat, Kashif Rashid, Muhammad Asim Afridi and Yasir Bin Tariq

The new growth literature in general is very optimistic about the positive impact that human capital has on the economic growth of countries. Based on this argument, the current…

Abstract

Purpose

The new growth literature in general is very optimistic about the positive impact that human capital has on the economic growth of countries. Based on this argument, the current paper focusses to investigate the impact of different types of human capital on economic growth.

Design/methodology/approach

The paper utilizes data for the period 1998 to 2017 and employs suitable econometric techniques.

Findings

It is found that it is not the stock of human capital rather its utilization in terms of average working hours that matters for higher growth. Other than human capital, trade openness and investment are positively associated with growth. On the other hand, inflation has an insignificant impact while employment level has a negative impact on growth. Moreover, for developing countries, the study also revealed that stock of human capital has negatively and average working hours has positively impacted economic growth. Finally, domestic investment and employment level appeared to be the main growth determinants in developing countries.

Research limitations/implications

Policymakers are suggested to ensure the maximum utilization of working hours, trade openness and domestic investment in improving economic growth in OECD countries.

Originality/value

This study has visualized the impact of human capital on economic growth from a new perspective and hence would be useful for policymakers.

Details

Journal of Economic and Administrative Sciences, vol. 36 no. 4
Type: Research Article
ISSN: 1026-4116

Keywords

Article
Publication date: 10 November 2020

Muhammad Asim Afridi, Muhammad Tahir, Aziz Ullah Sayal and Imran Naseem

The African region has experienced relatively lower economic growth and higher outflow of migration over the years. The purpose of this research paper, therefore, is to focus on…

Abstract

Purpose

The African region has experienced relatively lower economic growth and higher outflow of migration over the years. The purpose of this research paper, therefore, is to focus on the African region to investigate whether or not there is any link between the poor economic growth and rising outflow of migration.

Design/methodology/approach

Empirical data spanning from 1990 to 2015 are collected from reliable sources for 41 countries belonging to the African region. Appropriate estimating methodology that controls for unobserved heterogeneity both across time and across countries, and endogeneity is employed.

Findings

The results revealed that the migration has adversely influenced the economic growth of the African region as a whole. The splitting of sample into male and female migration also reflected the fact that the unsatisfied economic growth of the African region could be explained by the ever rising migration level. Other determinants such as employment and growth of physical capital have helped the region in the growth journey. Human capital has not played a vital role in economic growth as it is adversely affected by migration. Further, the study found support for the positive impact of moderate inflation on economic growth. The obtained results are robust to alternative methodologies and hence would be beneficial for policymakers.

Originality/value

The present study provides for the first time comprehensive empirical evidence on the relationship between migration and economic growth by focusing on Africa. Therefore, this study would be of prime importance for policymakers.

Details

International Journal of Social Economics, vol. 47 no. 12
Type: Research Article
ISSN: 0306-8293

Keywords

Open Access
Article
Publication date: 22 August 2023

Muhammad Asim Afridi and Muhammad Tahir

This paper investigates the factors crucial for small and medium enterprises (SMEs) in establishing business relationships with banks in Pakistan.

Abstract

Purpose

This paper investigates the factors crucial for small and medium enterprises (SMEs) in establishing business relationships with banks in Pakistan.

Design/methodology/approach

To investigate how SMEs select banking relationships using criteria, such as decision factors, decision-makers, and decision processes, a comprehensive literature review was used to classify SMEs' decision factors for bank selection. A survey questionnaire was distributed to 200 SMEs, randomly selected from the Small and Medium Enterprise Development Authority database in Pakistan. Probit/Tobit model is estimated to explain the behavior of SMEs.

Findings

The results reveal that SMEs consider a bank's Reputation, Price, and Location essential while establishing bank relationships. SMEs tend to terminate relationships with banks when the Price and Location of the bank are considered essential factors in the relationship with the banks. Price and Location are necessary for SMEs to reduce banking relationships. The SMEs also tend to reduce if they get attractive offers, or the SMEs are recommended to make a banking relationship. This study also provides intuitions for bank policymakers to design policies to retain SME customers and attract new business relationships.

Practical implications

The research emphasizes the importance of competitive and transparent pricing strategies in designing products for SMEs. Banks must prioritize their Reputation and credibility to attract and retain relationships with SMEs.

Originality/value

The study attempts to provide evidence on the SME-Bank relationship focusing on the factors that are crucial for SMEs to decide while establishing business relationships with banks. Also, most of the related literature focuses on developed countries; this research adds to the literature on SMEs' behavior, particularly in a developing country's context.

Details

EconomiA, vol. 24 no. 2
Type: Research Article
ISSN: 1517-7580

Keywords

Article
Publication date: 15 April 2022

Muhammad Wasif Hanif, Shakir Hafeez and Muhammad Asim Afridi

To deal with the issue of irresponsible consumer behavior, this study aims to find out the significant determinants that direct sustainability in consumers' responsible behavior.

Abstract

Purpose

To deal with the issue of irresponsible consumer behavior, this study aims to find out the significant determinants that direct sustainability in consumers' responsible behavior.

Design/methodology/approach

The study is quantitatively designed (survey approach) and targeted 520 respondents by deploying multistage sampling technique. The collected data is statistically analyzed in SEM-path analysis technique through Smart PLS 3.

Findings

The outcomes of study indicated that awareness of wasteful consumption (ß = 0.27, p = 0.00) and wastophobia (ß = 0.73, p = 0.00) strongly influence consumers’ mind to bring sustainability in responsible behavior.

Practical implications

This study suggests that the empirically tested wastophobia model can pave foundations in the theoretical literature to manage waste other than electricity waste, including time, food, water, agriculture, garbage, hazardous environmental pollution and natural reservoirs waste.

Originality/value

The study originates that promoting various conscious and unconscious aspects of wasteful consumption by focusing on fearful consequences of electricity waste supports to bring sustainability in consumers’ responsible behavior.

Article
Publication date: 4 January 2016

Muhammad Tahir, Mario Ruiz Estrada, Imran Khan and Muhammad Asim Afridi

The purpose of this study is to focus on South Asian Association for Regional Cooperation (SAARC) member economies to examine the impact of trade openness on the industrial sector…

Abstract

Purpose

The purpose of this study is to focus on South Asian Association for Regional Cooperation (SAARC) member economies to examine the impact of trade openness on the industrial sector development.

Design/methodology/approach

Panel data econometric techniques are used to the data for the period 1980-2013 for the selected six countries, namely, Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka.

Findings

It is found that trade openness has positively and significantly influenced the industrial sector of the sampled countries. Other determinants such as education and investment have also played a key role in helping the selected developing countries to develop their industrial sectors.

Practical implications

The study suggests the policy-makers of the SAARC member countries to liberalize international trade substantially to enhance the contributions of industrial sector toward gross domestic product (GDP) and to achieve the dreamed goal of sustainable long-run growth for the region.

Originality/value

An explicit relationship between trade openness and industrial sector of the SAARC member economies is yet to be examined.

Details

Journal of Asia Business Studies, vol. 10 no. 1
Type: Research Article
ISSN: 1558-7894

Keywords

Book part
Publication date: 9 September 2020

Stefano Bonino

Purpose – This chapter examines the process of radicalization, deradicalization, and support for intelligence agencies in a few well-known cases of terrorists who turned into…

Abstract

Purpose – This chapter examines the process of radicalization, deradicalization, and support for intelligence agencies in a few well-known cases of terrorists who turned into informants.

Methodology/Approach – Five cases studies are utilized to demonstrate the process of engagement in, disengagement from, and revolt against terrorist groups. Existing literature on radicalization and deradicalization is set against the context of these case studies.

Findings – By drawing upon the experiences of terrorists who turned into informants, it is possible to prove theories on radicalization and deradicalization. In particular, the process of cognitive radicalization presumes that extremist beliefs can also be rejected (deradicalization), while the process of behavioral radicalization presumes that terrorists can distance themselves from extremist behaviors (disengagement).

Originality/Value – Scholarship has traditionally focused on “underdogs” of all kinds, with a less keen interest in elites or the actors operating on their behalf. The work of informants has often remained in a dimly lit corner of academic research. This chapter helps illuminate the path undertaken by terrorists who become informants for Western security apparatus.

Details

Radicalization and Counter-Radicalization
Type: Book
ISBN: 978-1-83982-988-8

Keywords

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