http://gmjacs.bahria.edu.pk/index.php/ojs/issue/feed GMJACS 2022-01-11T01:46:29-07:00 Dr. Aamir Firoz Shamsi gmjacs.bukc@bahria.edu.pk Open Journal Systems <p>The Global Management Journal for Academic &amp; Corporate Studies (GMJACS) is a Refereed International biannual Journal having an Advisory Panel from the world’s leading Universities and Business Schools. The Journal welcomes articles in all areas of Management and Business. Both theoretical and applied manuscripts are considered for the Journal. The Journal employs double-blind and peer-reviewed processes. The primary goal of GMJACS is to provide opportunities for Academicians and Corporate leaders from various business-related fields in a global realm to publish their papers in one source. GMJACS accepts researched articles, case studies, and discussions for publication.</p> <p>To bring quality to the published work in GMJACS, we have established an internationally renowned large Advisory/Review board, comprising reputed scholars and well-qualified subject specialists.</p> <p>In order to ensure research dissemination, we are besides a print version of the journal also maintaining an electronic archive of the published articles available in the downloadable form, since 2015.</p> http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/180 Impact of E-Banking Service Quality on Customers’ Behavior Intentions Mediating Role of Trust 2021-12-31T03:52:31-07:00 Sadia Butt gmjacs.bukc@bahria.edu.pk <p>This study examines customers’ behavior intentions to use online-banking services in Pakistan context. It also examines mediating impact of customers’ trust on association of e-banking service quality (E-BSQ) and their behavior intention (BI) as users of service. Data is obtained via selfadministered questionnaire using survey method from 250 respondents (E-users of banks) from Lahore, Pakistan. Data is analyzed applying regression mediation analysis through Hayes process macro-SPSS 21. Results revealed the positive significant impact of E-BSQ on customers’ trust. Further, EBSQ was also significant predictor of their behavior intentions. Mediating variable trust had also significant effect on customer behavior intentions. Results also supported partial mediation of trust in association of E-BSQ and BI. This study has implications for scholars, management and decision makers as findings provide valuable information on the significance of building customer trust and improving online-banking services for customers’ retention. The research was focused on ebanking context. Future research studies should apply this framework in other service industries for generalizability of findings across various service sectors.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/181 Effect of Behavioural Biases on Investment Performance: A Case of The Emerging Economy 2021-12-31T03:58:18-07:00 Tahseen Mohsan Khan gmjacs.bukc@bahria.edu.pk Dr. Safia Nosheen gmjacs.bukc@bahria.edu.pk Muhammad Usman Islam gmjacs.bukc@bahria.edu.pk <p>This study focuses on the equity investors’ base on their educational qualification and experience by using their behavioral cognitive and behavioral emotional biases. Study performing a cluster analysis by using the respond of 317 stocks investors in Pakistan. Descriptive analysis along with SEM is applied as the combination of Confirmatory factor analysis and multiple regressions. The results show that cognitive biases have more impact on investment performance as compared to emotional biases. The path coefficient (standardized beta) has the maximum magnitude for framing biases and this is the only bias that impacts the investment performance through the mediator variable (fundamental anomalies) in cognitive biases. Myopic has mediation impact through fundamental anomalies on investment performance in emotional biases. The study is divided into direct and indirect effects (mediation effect). The study rejoins anomalies existence in Pakistan equity market and most investors having dependence on the fundamental analysis of investment decision making.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/182 Protecting the Copyrights and Trademark Infringements: An Integrated Model of Anti-Counterfeiting Strategies 2021-12-31T04:04:45-07:00 Sehrish Ilyas sehrishb35@yahoo.com Alia Ahmed gmjacs.bukc@bahria.edu.pk Fouzia Ashfaq gmjacs.bukc@bahria.edu.pk <p>Counterfeiting has been becoming a challenge for manufacturers across the nations to protect their originality and genuineness. The purpose of this study is to highlight anti-counterfeiting strategies in order to protect infringement of copyrights and trademark. A case study of the anti-counterfeiting strategies opted by a Pakistani natural product manufacturing company was adopted to highlight the mitigation strategies against its counterfeit products. Drawing on Deterrence theory, current study highlights some of the anti-counterfeit general and specific deterrence strategies. The results of interview unraveled some of the reactive and preventive strategies: maintaining network of incentivebased informers, briefing the consequences, multiple raids, follow-ups and seizures. Findings also suggest that out of reactive and preventive anti-counterfeiting strategies, the reactive ones comprised of legal prosecutions and are more successful in combating counterfeiting activities. Current study poses implications for the counterfeit taskforce and policy makers. The social implication of current study is to highlight some new discoveries of the field to alleviate counterfeiting.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/183 Transformational Leadership, Emotional Intelligence, and Innovative work behavior: The role of psychological empowerment 2021-12-31T04:09:19-07:00 Essa Khan essakhan.bukc@bahria.edu.pk Muhammad Mumtaz Khan mumtazkhan.bukc@bahria.edu.pk Syed Saad Ahmed saadahmed@buaa.edu.cn <p>The purpose of study is to examine the mediating role of psychological empowerment between the leader characteristics of transformational leadership and emotional intelligence with employee innovative work behaviour.This study employed partial least square- structural equation modeling (PLS-SEM) to examine the mediating role of psychological empowerment. In addition, this study collected data through structured questionnaire and convenience sampling from 185 respondents.The finding of this research shows that psychological empowerment is important mediator between the relationships of emotional intelligence and transformational leadership with innovative work behavior. In addition, the result yield that emotional intelligence does not affect employee innovative work behaviour. However, tranformational leadership found to be positively affecting psychological empowerment and innovative work behaviour. This study has wider implications for the business leaders, managers, and consultants. Results of this reseach imply that the psychological empowerment of employee is sine qua non for the innovative work behaviour. The leader has onerous responsibilty to cultivate environment where employee feel motivated and free to embark on creativity and demonstrate innovative behaviour.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/184 Impact of Macroeconomic Conditions on Firm Leverage: A Comparative study of Pakistan and India 2021-12-31T04:14:02-07:00 Zia ur Rehman zia.rehman@uoh.edu.pk Dr Muhammad Ayub Siddiqui ayub.siddiqui@nu.edu.pk Asad Khan asadkhan@uoh.edu.pk Abdul Ghafoor Khan abdulghafoor@cuiatd.edu.pk <p>The study aimed to analyse the impact of macroeconomic conditions on firm level leverage of the listed non-financial firms of Pakistan and India. Data from 929 listed firms from Pakistan and India was collected for the period 2008-2019. Panel data regression (fixed effects model) was used to estimate the relationship between macroeconomic conditions and firm leverage. The findings of the study revealed that in Pakistan real interest rate, exchanges rates, public debt and GDP growth rates significantly influence firm leverage whereas in India none of the macroeconomic variables have a significant influence on firm leverage. In Pakistan real interest rate, exchange rate, corruption, public debt, banking sector development, stock market development negatively influence firm leverage whereas unemployment rate, GDP growth rate and corporate taxes has a positive influence on firm leverage. In India, on the other hand, real interest rate, corruption, exchange rate and public debt negatively influence firm leverage whereas the rest of macroeconomic variables have a positive influence firm leverage. Moreover, the analysis of slope and differential slope coefficients revealed that the only the influence of exchange rates, public debt and GDP growth rates significantly differs in Pakistan from that of India.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/185 Impact of budget announcement on stock returns: An Event Study in Pharmaceutical and Automobile sector 2021-12-31T04:21:07-07:00 Sadia Shafiq gmjacs.bukc@bahria.edu.pk Saiqa Saddiqa Qureshi gmjacs.bukc@bahria.edu.pk <p>This study explains the budget announcement impact on automobile and pharmaceutical sectors stock returns. We have observed whether there is any significant effect of budget announcement events in stock returns during the window period or not. It is a quantitative study and event-study methodology is adopted. The event window consists of 15 days, including seven pre-event days, one event day and seven post-event days, while the estimation window consists of 230 pre-event window days. As per knowledge of researcher, no study in Pakistan has specifically studied the budget announcement event impact on stock returns of automobile and pharmaceutical sectors by using event study methodology. This study will be beneficial for market participants of pharmaceutical and automobile sectors because of its consideration to dynamics in stock market after the budget event announcement. The findings of current study revealed that Pakistan’s stock market is found to be semi strong efficient. Volatility in returns was observed but no significant impact was found in the automobile sector while in pharmaceutical sector, significant impact was observed for two years. Results indicate that there is very low chance to earn abnormal returns as all the information related to the budget immediately absorbed by market forces.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/186 Linking Big-Data Analytics with the Pricing Strategies of E-Retailers: A Quantitative Approach 2021-12-31T04:24:18-07:00 Muhammad Faisal Sultan gmjacs.bukc@bahria.edu.pk Dr. Sadia Shaikh gmjacs.bukc@bahria.edu.pk Rozina Imtiaz gmjacs.bukc@bahria.edu.pk <p>Studies on big-data analytics are rare, especially from Pakistan. However in recent times the topic has been explored continuously in the field of computing as well as management sciences. However, most of the studies are not consistent with retail industry though industry is one of the fastest growing and significant in contributing to society. Therefore, the purpose of this study is to relate big-data with the pricing of e-retailers to understand the relationship in the context of developing sectors. However, there are very few skilled data-specialists specialists who have appropriate knowledge in this regard and hence the study has been conducted with sample of sixty five respondents. SMART-PLS has been incorporated to devise quantitative analysis which indicated that big-data is significantly important in the context of e-retailing and also have ability to improve pricing mechanism of e-retailers.&nbsp;</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/187 Regional Trade and Food Security Challenges in SAARC Countries 2021-12-31T04:27:52-07:00 Nasir Munir nasir.munir@szabistisb.edu.pk Muhammad Nadeem Abbas gmjacs.bukc@bahria.edu.pk <p>Regional Trade has become the need of the SAARC region due to increase in consumption and less utilization of resources. Due to better trade among SAARC countries, it will bring good effect on food security of the region. In this study the need of Regional Trade in SAARC countries has been explored. Study showed the pattern of SAARC countries Intra- trade and with the different regions of the globe. Panel data is used to explore the effect of explanatory variables. Volume of Food Trade is used as endogenous variable in the study. Items of Harmonized System of 1-24 have been taken in the study. In this we have used the Gravity model to analyze the empirical relationship between variables. The objective of the research is to analyze the food security condition in the SAARC region in order to obtain assistance &amp; plans for provincial trade and co-operation in food safety. In the study, it has concluded that there is positive association among GDP of exporting and importing country with Volume of Trade. When the trade of food is increased the availability of food is easy for every citizen, due to demand supply gap prices also fall that will increase the purchasing power of the people and the accessibility of food to people of SAARC.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/189 Impact of Organizational Culture on Project Success and the moderating role of Top Management Support 2021-12-31T04:32:25-07:00 Muhammad Saad Khalid saadofficial42@gmail.com Qaiser Rashid Janjua qaiser.janjua@mail.au.edu.pk <p>The purpose of this research is to assess the impact of organizational culture on project success dimensions i.e., project efficiency, impact on customers, impact on team, direct organizational success and preparing for future. The study also demonstrates the significance of organizational culture, top management support and project success with respect to project management in telecommunication sector of Pakistan. A sample size of 293 is analyzed to assess the relationships between the said variables. Furthermore, the role of top management support in moderating the relationship between organizational culture and project success dimensions is assessed. The findings distinctly show a significant impact of organizational culture on the five dimensions of project success including project efficiency, impact on customers, impact on team, direct organizational success and preparing for future respectively. Top management support is found to have a significant impact as a moderator on the project success dimensions except that of preparing for future. The study contributes to the resource-based theory by highlighting organizational culture and top management support as an organizational capability that drives project success. The study also offers practical insights to the telecommunication industry and enables the senior management to revisit their perspective in developing enabling cultures and offering active management support in enhancing success rate of projects in their organizations.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/190 Influence of personal and work characteristics on employees’ Self-guided development 2022-01-04T20:40:01-07:00 Dr. Muhammad Qamar Zia gmjacs.bukc@bahria.edu.pk Dr Shabroz gmjacs.bukc@bahria.edu.pk Erum Khan gmjacs.bukc@bahria.edu.pk <p>In last two decades, the organization has faced numerous new challenges due to rapid changing environment at workplace and globalization. These challenges forced the management to curtail the training expenses and develop the employees with minimum cost. Currently, companies are in dire need to reduce the cost of formal training by increasing focus on self-development. However, research is lacking to investigate the possible factors of employee involvement and participation in self-guide development. This study tested a conceptual model that helps to boost the participation of workers in self-guide d development. Three hundred and seventy (370) questionnaires were distributed to the employees of education sector. A total of 285 respondents out of 370 returned the completed surveys with a response rate of 77%. The findings indicated that two work characteristics; empowering environment and feedback orientation are significant predictors of SGD. The results also supported that personal characteristics such as proactive personality and LGO are also linked to employees’ self-guided development. On the other hand the study failed to find a significant linkage between career insight and self-guided development. This article also provided implications and recommendations for future research.</p> 2022-01-04T00:00:00-07:00 Copyright (c) 2021 http://gmjacs.bahria.edu.pk/index.php/ojs/article/view/192 The Negative Role of Organizational Embeddedness in Organizational Support, Trust and Deviance Relationships: Evidence from Pakistan 2022-01-11T01:46:29-07:00 Samrah Shariq Samrahshariq21@gmail.com Dr. Danish Ahmed Siddiqui Daanish79@hotmail.com <p>It is the need of current research to assess the negative aspect of organizational embeddedness. In order to develop an understanding of its power, it is essential to assess its all dimensions so as to reduce its effects on employees and organizations. A sample of 454 employees has been drawn from various organizations operating in Pakistan. SPSS is used to assess demographics and PLS-SEM is used to test the research relationships. The findings of the study support the hypothesis that there exist a negative relationship of organizational support and trust with workplace deviance and trust-deviance relationship is weakened while support-deviance remains the same with organizational embeddedness serving as a moderator. The study caters the gap existing in research by highlighting the negative face of organizational embeddedness. Majority of the research depicts that organizational embeddedness leads to desirable employee and organizational outcomes. Moreover, it focuses on one of the commonly faced problems of the organizations not only in Pakistan but in rest of the world i.e. workplace deviance.</p> 2021-12-31T00:00:00-07:00 Copyright (c) 2021