The Impact of Institutional Ownership on Firms’ Performance Evidence From Pakistan

Maqbool Ahmad,Nam Won Baek(백남원),Dae Wan Kim(김대완),Badar Abbas Shah 한국아시아학회 2019 아시아연구 Vol.22 No.1

본 연구의 목적은 비금융적인 영역의 기업들의 성과에 대한 기관 소유권의 영향에 대하여 탐색하였다. 본 연구에서는 총자산 이익률, 레버리지, 기관소유권, 규모, 유동성, 그리고 성장과 같은 변수들의 관계를 예측하기 위하여 최소 자승 추청 모델(Ordinary least square model)을 사용하였다. 본 연구결과, 총자산 이익률은 레버리지와 기관 소유권과는 음의 관계가 있는 것으로 나타났다. 반면에 규모, 유동성, 그리고 성장 기회와는 양의 관계가 있는 것으로 판명되었다. The objective of this study is to explore the impact of institutional ownership on the performance of quoted non-financial firms in Pakistan during the period from 2007 to 2011. Ordinary least square model is employed to estimate the relationship of variables like the return of assets, leverage, institutional ownership, size, liquidity and growth of the study. The results of the study reveal that return on assets has a negative significant relationship with leverage and institutional ownership while, size, liquidity, and growth opportunity have positive significant association among them. Pakistani firms employ 57 percent leverage into their capital structure and institutional ownership has 30 percent influence to obtain debt and both affects the performance negatively.

Determinants of Capital Structure

Maqbool Ahmad,Kim, Chang Su(김창수),Yoo, Ji Soo(류지수) 한국아시아학회 2016 아시아연구 Vol.19 No.2

기존의 연구들은 기업의 가치를 결정하는 요인으로서 부채의 영향만을 주로 분석하는 데에 그쳤다. 이런 한계를 넘어서고자 시도된 본 연구는, 부채의 성격과 내역 및 그 결과와 같은 자본구조의 변인이 기업의 가치에 어떤 영향을 미치는지를 탐색하기 위한 목적의 계량분석이다. 연구대상으로는 파키스탄의 기업 전체 리스트의 70%나 되는 비중을 차지하고 있는 비재무적인 영역의 기업이 선정되었다. 그들 중에서 161개의 비재무적인 기업들로 구성된 표본 집단으로부터 자료를 수집해서 분석한 연구결과, 유동성의 자본구조 변인이 기업의 부채에 대한 결정에 미치는 영향이69%에 달하는 것으로 나타났다. 기업크기의 측면에서 총자산 이익률의 자본구조 변인은 29%의 영향력은 지니는 것으로 나왔다. 이들 연구결과는 기업의 재무결정이 최적인지 아닌지를 평가하는 재무담당자에게 유용한 정보가 될 것으로 보인다. This research endeavoured to explore two schemes of the literature of capital structure i. e. antecedents and consequences of debt borrowing on firm specific factors and their impact on firm"s value. Previous studies tried to investigate the impact of debt borrowings on firm value. However, integration of these two ideas is non-existing. This research fills such literature gap and explores the determinants of capital structure to know whether these financing decisions are optimal or not. Non-financial sector firms are 70%, of total firms listed on KSE. It selected proposed research panel data for 161 non-financial firms listed at KSE for 2007 to 2014 and analyzed all of them. Its results show that liquidity has 69% influences in making the decision regarding debt financing, that return on assets has 25% influences on financing decision regarding debt that CG index is negatively linked with debt ratio, and that ROA in terms of the size of a firm is impacted by 29%. And thus this research provides some useful information for managers to know whether their financing decision is optimal or not, and how to make their financing decisions.

Review of The Technology Acceptance Model (TAM) in Internet banking and Mobile banking

Maqbool Ahmad 한국디지털융합학회 2018 IJICTDC Vol.3 No.1

The adoption of new technology has been under debate since the 1970s. Over the decades, many theories and models have proposed to address the consumer adoption issues; one of them is the Technology Acceptance Model (TAM). The focus of this research article is to highlight the significance of the TAM model in explaining system adoption and usage in Internet banking and Mobile banking. This research paper will provide insight by providing a comprehensive review of the literature in the context of the TAM model its extensions, development, and shortcomings. This research study contributes to the existing literature; and will be beneficial for future researchers interested in Internet banking and Mobile banking research comprehending the TAM model.

Effects of Digital Convergence on Contemporary Economies

Maqbool Ahmad,Sang Tae Kim,Dae Wan Kim,Hyun-Sook Ahn 한국디지털융합학회 2018 IJICTDC Vol.3 No.2

Digital convergence and its importance to contemporary economies is undeniable. What does it mean to be a digital economy? This question is a big challenge to answer digital convergence disseminates new business models and brings about substantial changes across industrial activities worldwide. Convergence is becoming as a hot issue within the Information Technology (IT) industries. Several benefits come from converging communication networks, like increased productivity, reduction of transaction costs and a valuable impact on economic growth. Digital convergence of various industries has created new business opportunities. The net benefit of digitalization on a global basis could surpass $100 trillion by 2030. Industrial digitalization and internet access are projected to experience exponential growth. The digital economy is expected to grow from 15.5% to 24.3% of the global GDP by 2025. Digital technologies' long-term return on investments is 6.7 times more than that of non-digital investments. This study provides a look at digital convergence and its economic implications.

Does Debt Financing Affect Firms’ Profitability in Pakistan?

Maqbool Ahmad,Kim, Chang Su(김창수),Kim, Jung Tak(김정탁),Yoo, Ji Soo(류지수) 한국아시아학회 2016 아시아연구 Vol.19 No.4

본 연구는 파키스탄 카라치 증권거래소에 상장된 기업의 재무적인 의사결정에 영향을 미치는 요인은 무엇이며 또한 이러한 재무적인 의사결정이 적절한지를 연구하는 데 그 목적이 있다. 이러한 연구목적을 위해서 2003년부터 2014년 까지 금융회사, 파산회사, 신설회사, 자본잠식회사 등을 제외한 276개의 기업의 표본을 선택하여 실증분석을 실시하였다. 실증분석 결과에 의하면 이들 기업의 유동성, 고정자본비율, 감가상각비율, 판매액 증가율은 부채액과 음(-)의 관계가 있는 것으로 나타났고, 이와 반대로 기업규모는 부채액과 정(+)의 관계가 있는 것으로 나타났다. 아울러 2개의 더미변수를 이용하여 부채와 이윤과의 관계를 분석해 보았다. 규모가 크고 위험성이 적고 성장성이 큰 기업은 부채가 이윤에 큰 영향을 미치지 않고 있어서 이들 기업의 부채조달에 관한 의사결정은 비교적 적절하다고 할 수 있다. 이에 비해 규모가 작고 위험성이 크고 고정자본비율이 높고 감가상각비율이 낮고 성장성이 작은 기업은 부채가 이윤을 감소시키는 것으로 나타나고 있어 이들 기업의 부채조달에 관한 의사결정은 적절하지 않다고 할 수 있다. 본 연구의 이러한 결과는 재무적 의사결정을 하는 경영자들에게 유용한 정보를 제공할 것으로 판단된다. This study aims at finding out determinants of capital structure and consequences of financing decisions. In an effort to figure out what factors determine financing decision and what outcomes their decision brings forth in the Pakistani firms listed at KSE, it tried a quantitative analysis on 276 firms selected for the period of 2003 to 2014 after excluding financial firms, default firms, newly registered firms and firms with negative equity. Its study results say that liquidity, tangibility, non-debt tax shield and growth are negatively associated with debt financing, except only the factor of firm size. And they also reveal that debt borrowings negatively affect profits overall in all the condition, but that the impacts of debt borrowing by larger, low riskier and high growth firms are less negative than those by small size, high risk, high tangibility, less non-debt tax shield and low growth firms. This study thereupon gives some useful information to firm managers in making financial decision.

Comparison of different classes of drugs for Management of Acute Coronary Syndrome (ACS): A brief communication

Malik, Jonaid Ahmad,Maqbool, Mudasir,Hajam, Tawseef Ahmad,Khan, Muhammad Abrar,Zehravi, Mehrukh Cellmed Orthocellular Medicine and Pharmaceutical 2021 셀메드 (CellMed) Vol.11 No.2

Acute coronary syndrome (ACS) is a class of conditions consisting of NSTEMI (non-ST-elevated myocardial infarction), STEMI (ST-elevated myocardial infarction), unstable angina, ranging from myocardial ischaemic states, as well as there is usually a mismatch with respect to both blood supply and blood demand marked by chest pain. Indian patients with ACS have a higher STEMI score than patients of established countries'. Since most of these patients were poor, they were less likely to receive adequate therapy and had a higher death rate of 30 days. In India, ACS patients appear to be young from low socioeconomic backgrounds and have higher ST-elevated MI ratesthan do patients of established countries'. In India, patients get late medical treatment and inadequate access to proven therapies. Hypertension, hyperlipidemia, diabetes, obesity, cigarette use and a family history of atherosclerotic disease are important risk factors attributed to ACS. Most of the general therapy for ACS focuses on reducing myocardial ischemia and pain suppression. Because of the time dependence of the condition, the onset of signs and arrival at the hospital for the treatment of ACS is very important. This time gap between the onset of symptoms and hospital appearance is larger in India relative to western countries. This paper will concentrate on ACS management and a brief on comparative study of various groups of drugs available with regard to clinical trials and guidelines, respectively.

Nanocrystals formation and intense green emission in thermally annealed AlN:Ho films for microlaser cavities and photonic applications

Maqbool, Muhammad,Ali, Ghafar,Cho, Sung Oh,Ahmad, Iftikhar,Mehmood, Mazhar,Kordesch, Martin E. American Institute of Physics 2010 JOURNAL OF APPLIED PHYSICS - Vol.108 No.4

Evolution of ferroelectric and piezoelectric response by heat treatment in pseudocubic BiFeO3-BaTiO3 ceramics

Maqbool, Adnan,Malik, Rizwan Ahmed,Hussain, Ali,Akram, Fazli,Rafiq, Muhammad Asif,Saleem, Mohsin,Khalid, Fazal Ahmad,Song, Tae-Kwon,Kim, Won-Jeong,Kim, Myong-Ho Springer-Verlag 2018 JOURNAL OF ELECTROCERAMICS Vol.41 No.1

모바일 마켓플레이스 UI/UX에 관한 연구

김상태,Maqbool Ahmad 한국디지털융합학회 2019 디지털경영연구 Vol.5 No.2

E-commerce has enabled companies to conduct their entire production and distribution tasks through the Internet-based Web, thereby reducing off-line costs and securing highly efficient business processes using various online benefits. Large-scale manufacturers and distributors of existing offline companies have acquired market dominance with pricing policies and services that can not be applied to existing distribution structures by applying an online marketplace platform to their infrastructures. These characteristics also apply to agricultural products distribution, which allows a variety of benefits when trading through the online marketplace platform of agricultural products. The online marketplace platform environment based on mobile technology not only promotes sales through sales promotion of agricultural products but also enables a platform for users to use the efficient platform, thereby providing more convenient on-site computing and work environment for maximizing added value can do. This study analyzes and studies the environment of related cases to understand these characteristics.

Electron penetration depth in amorphous AlN exploiting the luminescence of AlN:Tm/AlN:Ho bilayers

M. Maqbool,M.E. Kordesch,I. Ahmad 한국물리학회 2009 Current Applied Physics Vol.9 No.3

The penetration depth of electron in amorphous aluminum nitride (AlN) is determined in terms of energy loss per unit length using electron beam in a cathodoluminescence (CL) apparatus. Thin films bilayers of holmium doped aluminum nitride (AlN:Ho) and thulium doped aluminum nitride (AlN:Tm) are deposited on silicon substrates by rf magnetron sputtering method at liquid nitrogen temperatures. The bilayers structure consisted of a 37.8 nm thick AlN:Tm film on the top of a 15.3 nm thick AlN:Ho film. Electron beam of different energies are allowed to penetrate the AlN:Tm/AlN:Ho bilayers film. The spectroscopic properties of AlN:Ho and AlN:Tm, the thickness of the film and the energies of electron beam are used to calculate the penetration depth of electron in amorphous AlN. Electron beam of 2.5 keV energy was able to pass through the 37.8 nm thick AlN:Tm film. The electron penetration depth for AlN is found to be 661.4 MeV/cm. The penetration depth of electron in amorphous aluminum nitride (AlN) is determined in terms of energy loss per unit length using electron beam in a cathodoluminescence (CL) apparatus. Thin films bilayers of holmium doped aluminum nitride (AlN:Ho) and thulium doped aluminum nitride (AlN:Tm) are deposited on silicon substrates by rf magnetron sputtering method at liquid nitrogen temperatures. The bilayers structure consisted of a 37.8 nm thick AlN:Tm film on the top of a 15.3 nm thick AlN:Ho film. Electron beam of different energies are allowed to penetrate the AlN:Tm/AlN:Ho bilayers film. The spectroscopic properties of AlN:Ho and AlN:Tm, the thickness of the film and the energies of electron beam are used to calculate the penetration depth of electron in amorphous AlN. Electron beam of 2.5 keV energy was able to pass through the 37.8 nm thick AlN:Tm film. The electron penetration depth for AlN is found to be 661.4 MeV/cm.