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This paper aims to examine the performance of Islamic and conventional stocks listed at the Pakistan Stock Exchange by using both parametric and non-parametric approaches. The motivation is to do risk-return analysis of Islamic stock prices and conventional stock prices.

It uses various measures of performance, e.g. Sharpe ratio, Treynor ratio, Jensen's alpha, beta, generalized auto-regressive conditional heteroskedasticity and stochastic dominance. Using the Karachi Meezan Index-30 (KMI-30) and the Karachi Stock Exchange Index-30 (KSE-30) as proxies for Islamic and conventional stock prices, respectively, it examines the performance of Islamic and conventional stocks. The daily data of KMI-30 and KSE-30, covering period from June 9, 2009 to June 20, 2020 are used.

The results show that the overall KMI-30 outperforms the KSE-30. The returns of the KMI-30 are greater than the KSE-30. However, the risk and volatility of the KMI-30 and KSE-30 are similar. Further, the KMI-30 has higher excess returns per unit of total risk than the KSE-30. But both indexes have similar excess returns per unit of systematic risk. Moreover, the KMI-30 returns have stochastically dominance over the KSE-30 returns. These results reveal that the Islamic index performs better than the conventional index.

The findings provide several practical implications in financial and investment decisions making by investors, managers and policymakers such as strategies for asset allocation and investment. Further, in risk management, it provides guidance for allocating portfolios and managing risk. The investment in Islamic stocks may mitigate potential risk within asset portfolios.

This research is unique in its approach to the analysis of the performance comparison of conventional and Islamic stock by using comprehensive parametric and non-parametric estimation techniques. Such research has not been undertaken in the Pakistan's equity market since.

This study examines the determinants of idiosyncratic risk (IR) or unsystematic risk. The study also examines the determinants of IR by dividing the firms into different categories: beta-based firms, liquid and illiquid firms and financially constrained (FC) and unconstrained (FUC) firms.

The fixed effects static panel data model specifications are formulated based on Hausman (1978) test for BRICS (Brazil, Russia, India, China, and South Africa) member countries over the period 2000–2019. Moreover, the t-test is applied to see whether the returns of different types of portfolios are significantly different.

The portfolio analysis results show that, on average, high IR firms tend to be small in size, highly leveraged, have low competitiveness, low profitability, less dividend yield and low returns for all the sampled countries. The sample paired t-test also confirms that a significant difference exists between extreme portfolios: small and large size and low IR and high IR portfolios. The panel regression results show that firm size, market power, price-to-earnings ratio, return on equity (ROE) and dividend yield negatively relates to IR. Yet, both leverage and liquidity are positively related to IR. However, the sign of momentum returns is mostly positive for the entire sample. The coefficient values for high-beta, FC and illiquid firms are more significant and large than the firms' counterparts for all BRICS member countries. These results support the hypothesis of an under-diversified portfolio and suggest that the above-mentioned firm-specific variables are the significant determinants of unsystematic risk.

The securities exchange commission, as the supervisor of the public limited companies, needs to increase its role in investor protection related to the uncertainty of investment in the capital market. Accordingly, in making investment decisions in a stock exchange, investors can use the information that captures unsystematic risk for investment decision-making.

This study is the first to explore the determinants of IR in top emerging countries. Second, none of the existing studies has focused on the determinants of the IR based on different categories of firms.

This study aims to identify the significant scientific actors, reveal the intellectual structure and explore essential features for future research direction in Sharia governance studies.

The study applies a hybrid review combining bibliometric analysis and content analysis. It uses Rstudio (biblioshiny), VOSviewer and Microsoft Excel to analyze 457 articles published in 206 journals indexed by Scopus and/or Web of Science during the period of 1985 until the end of 2022.

The paper discovered four distinct streams of Sharia governance studies: structure of Sharia governance, Sharia governance and risk management, Sharia governance and sustainability and the effect of Sharia governance toward firm’s financial performance. Furthermore, it derives and summarizes 26 main research questions for future studies.

In terms of theoretical implications, the finding contributes to the general literature on Sharia governance by conducting bibliometric analysis and content analysis. In terms of practical implications, this study suggests that Sharia governance should be strengthened by the management of Islamic banks and other Islamic-based businesses.

To the best of the authors’ knowledge, this study is among the early studies using a hybrid review on the topic of Sharia governance, allowing future researchers in this field to capture the trends and progress of current literature as well as the research gaps to be filled in by future researchers.

This paper aims to make a theoretical critique of the revolutionary sociocultural transformations created by e‐learning in the manner knowledge is created, codified, retrieved, managed and transmitted across the boundaries of different cultures.

The structure of these transformations remains European and North American in orientation and very cautious in sharing the benefits of e‐learning with the developing societies. The paper contends that this might lead to a parallel academic bureaucracy of e‐learning institutions, alongside the traditional Western universities, making it economically hard for people of developing countries to participate in this great and new found experience of learning. The paper proposes a, “democratization of knowledge,” for this new venture of e‐learning. This rests on the premise, that e‐learning, in order to be truly effective, must be multilingual in content and context, culturally divergent, morally relativistic and technologically sharing and integrate non‐Western views on knowledge, morality, economics and politics, especially in curriculum designs.

The paper demonstrates that the social democratization of knowledge can lead to the establishment of viable global civil society, helping millions in Asia, Africa and South America to contribute and share the fruits of knowledge explosion in a just, equitable and honorable fashion.

The paper shows how e‐learning can help the growth and improvement of less developed communities.

This paper aims to facilitate researchers, practitioners and policymakers in understanding and managing the impact of the black swan event – COVID-19 on work from home in the social science subject area through bibliometric analysis. For this purpose, the authors analyzed publications from the Scopus database.

In this paper, the authors conducted bibliometric analysis based on two major techniques: performance analysis and science mapping. The authors applied VOSviewer and Biblioshiny to address the research questions of present study. The study explored the hot trend topics and summarized them with discussions and implications.

Based on the analysis of 500 publications, the authors present an overview of performance and science mapping from the perspective of different aspects such as publication output and authors. Also, authors visualized the text mining by co-word analysis forming nine clusters as well as mapping trend topics. The existing publications were divided into ten clusters according to different keyword analyses: Leadership, Mental health, Technology, Crisis Management, Gender, Challenges, well-being and Work-life balance.

Sample from the Scopus database is not exhaustive, and the dataset may be skewed due to the adoption of the selection criteria. The authors’ concentration was on academic publications in English that excludes potentially intriguing and pioneering studies done in other languages. The study area was limited to social science only.

The paramount lesson is that the COVID-19 quandary is multifaceted, necessitating not simply adaptations to current strategies but also an understanding and analysis of advancements in the economy, commerce and society. According to the analysis presented above, to overcome the COVID-19 “black swan event”, managers must think ahead. The analysis gives leaders and decision-makers a range of useful information on work from home (WFH) difficulties in COVID-19, as well as initiatives and revisions that must be implemented at the economic, social and scientific aspects when dealing with such uncertainties. The findings also aid managers in forecasting the need for sophisticated technology, organizational agility and resilience to attain the desired direction of progress.

With a focus on addressing WFH during COVID-19 from social science perspective and to synthesize its future research directions systematically, the authors performed Bibliometric analysis both with VOSviewer and Biblioshiny, in order to enhance the overall analysis for higher accuracy and more reliable results that is unique value addition and contribution to the existing literature.