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Bans on women's voting: An intersection of caste, gender, and class in Punjab, Pakistan
Safdar Muhammad Rizwan,Yousaf Farhan Navid,Ahmed Akhlaq,Akbar Muhammad Siddique,Asif Muhammad 한국외국어대학교 국제지역연구센터 2023 International Area Studies Review Vol.26 No.3
Pakistan ranks lowest in women's vote-casting turnout on the global gender gap index in South Asia. Political participation of women is consistently low and there is a quite obvious gender gap in voting throughout Pakistan's constituencies. One of the most important reasons behind this gap in voter turnout is the informal bans on women to cast their votes. This qualitative study unpacks the interplay of caste, patriarchy, and normative stances of Pakistani society to understand bans on women's vote-casting rights. The researchers argue that caste pride intersects gender and class in a dominantly patriarchal socio-political environment and prevents women to cast their votes. In the light of findings, the study also suggests a few constructive measures for authorities to sort out this burning issue in Punjab.
TAHIR, Safdar Husain,SADIQUE, Muhammad Abu Bakar,SYED, Nausheen,REHMAN, Faiza,ULLAH, Muhammad Rizwan Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.8
Based on the theoretical underpinnings of the agency theory and liquidity theory, the purpose of this study is to show how managers who want to enhance the performance of Pakistan's non-financial sector can use liquidity policy in relation to corporate governance. Nowadays, Pakistan is facing a severe liquidity crisis; this study contributes by examining the mediating role of liquidity on the link of corporate governance-performance. We use data from 63 firms from 2010 to 2018, excluding 17 outliers. To analyze the data, we use the Seemingly Unrelated Regression (SURE) model and nlcom-Stata test. Our findings support the mediating role of liquidity on the link between corporate governance and performance. In addition, the results show that corporate governance improves performance. Furthermore, the study supports a significant positive association of liquidity and performance. For robustness, we use two performance variables - return on assets (ROA) and Tobin's q (TQ) - where ROA represents full mediation and TQ indicates partial mediation. This study helps to use liquidity policy to strengthen the inside and outside dimensions of corporate governance mechanisms that improve the performance of firms. Overall, these findings suggest better disclosure, transparency, and solutions to auditing issues that add value to the firms.
Entrenchment Effect and Audit Quality in Family Business of Pakistan
TAHIR, Safdar Husain,AKRAM, Sadaf,PERVEEN, Shahida,AHMAD, Gulzar,ULLAH, Muhammad Rizwan Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.8
The purpose of this study is to test both the alignment theory and entertainment theory on family firms listed on the Pakistan Stock Exchange. To achieve these goals, we collected secondary data from 164 non-financial family firms in various sectors during 2014-18. These family firms are classified into two categories: family control firms and family owned firms. We take the audit fee and the audit quality as dependent variables while family control firms, family-owned firms, and family CEOs as independent variables. In addition, the study uses leverage, profit and export as control variables. To test the effect of the explanatory variables on the output variables, we use two econometric models, Ordinary Least Square and the Probit regression model. In addition, Huber Sandwich test is used to check the non-normality and heteroscedasticity of panel data. Contrary to the alignment effect, the study supports the entrenchment effect and advocates that family-controlled firms as well as family-owned firms are not conscientious regarding the selection of external auditors during their contracts with audit firms. They are less likely to pay high audit fees for good quality audit in Pakistan. Furthermore, the study shows a statistically significant and positive relationship between audit quality and audit fees.
Stock Market Response to Terrorist Attacks: An Event Study Approach
TAHIR, Safdar Husain,TAHIR, Furqan,SYED, Nausheen,AHMAD, Gulzar,ULLAH, Muhammad Rizwan Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.9
The purpose of this research study is to examine the stock market's response to terrorist attacks. The study uses data of terrorist attacks in different parts of the country (Pakistan) from June 1, 2014 to May 31, 2017. The event window procedure applies to a 16-day window in which 5 days before and 10 days after the attack. In addition, several event windows have been built to test the response of the Pakistan Stock Exchange. KSE-100 index is taken as proxy of response. The total terrorist attacks are classified into four categories: attacks on law enforcement agencies, attacks on civilians, attacks on special places and attacks on politicians, government employees and bureaucrats. The standard market model is used to estimate the abnormal return of the Pakistan Stock Exchange, which takes 252 business days each year. Furthermore, BMP test is used to check statistical significance of cumulative abnormal rate of return (CAAR). The results of this study reveal that total number of terrorist attacks and attacks on law enforcement agencies show long-term effects on Pakistan stock exchange. However, attacks on civilians, attacks on special places and attacks on politicians, government employees and bureaucrats have little effect on the Pakistan Stock Exchange.