RELIGIOSITY, AS DETERMINANT OF TURNOVER INTENTION: AN EXPLORATORY STUDY
Rahaib Zafar, Mohsin Altaf, Mohammad Majid Mahmood Bagram and Haroon Hussain
01-08
This paper aims at finding out impact of religiosity on switching intention of banking sector employees in Pakistan. A total of 40 open ended questionnaires were distributed to banking employees and 250 close ended questionnaires were distributed in banking sector independent variable was Religiosity and was measured using five dimensions: ideological, ritualistic, intellectual, consequential and experimental dimensions and dependent variable was Switching intention. Here results showed that religiosity is a factor that can influence switching intention of banking employees. This is a very first paper that is being written for exploring relationship between religiosity and switching intention of banking employees and this relationship has never been found before.
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MARKET EFFICIENCY IN ITS WEAK-FORM; EVIDENCE FROM KARACHI STOCK EXCHANGE OF PAKISTAN
Tabassum Riaz, Arshad Hassan and Muhammad Nadim
09-18
Following study investigates the weak form efficiency for Karachi stock market by taking monthly index data for the period of July 1, 1997 to July 2, 2011. Jarque Bera test, Kolmogorov Smirnov test, Unit root tests, Autoregressive Model, Run test and Variance ratio test employed to test the evidence of weak form efficiency. The results show that for selected sample period the Karachi stock market is not weak form efficient and hence not found to be random walk, therefore the rational investors can use the utility of the technical analysis in predicting the behavior of Karachi stock market at least in short run.
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MONEY, PRICES, INCOME AND CAUSALITY: A CASE STUDY OF PAKISTAN
Nisar Ahmad, Imrana Asad and Zakir Hussain
19-24
The fundamental relationship between money supply, prices and income in Pakistan was determined in this research study. The time series data of real gross domestic product (GDP), nominal GDP, prices and money supply for the period of 1973 to 2007 was used. The stationary properties of the data series were investigated with the help of ADF test and series were found integrated of the order zero. The results indicated a relationship between the growth of money supply and inflation in Pakistan during the study period. The estimated coefficient between the growth of money supply and inflation was positive and significant. Monetarist proposition that money supply determined the price levels and income was accepted in the light of the results of this study. The tight monetary policy along with fiscal measures was suggested to control inflation in Pakistan.
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EFFECTS OF MOTIVATIONAL FACTORS ON TEACHERS' JOB SATISFACTION: A STUDY ON PUBLIC SECTOR DEGREE COLLEGES OF PUNJAB, PAKISTAN
Muhammad Nadim, Muhammad Shahzad Chaudhry, Masood Nawaz Kalyar and Tabassum Riaz
25-32
Among all the resources of an educational institution, teachers are unquestionably the most important. Motivation plays a pivotal role in increasing the level of teacher’s job satisfaction. Satisfied teachers in turn can help in improving the performance of an educational institution. The objective of this study is to analyze the effects of intrinsic and extrinsic motivational factors on teacher job satisfaction in public sector degree colleges of Punjab, Pakistan. Data was collected from 406 respondents from public sector colleges in the Punjab. SEM was used to test the hypotheses using AMOS package. Results revealed that there is significant positive relationship between intrinsic motivational factors and teacher job satisfaction. Similarly, statistically significant positive relationship is also found between extrinsic motivational factors and teacher job satisfaction. However, it is found that teacher job satisfaction in largely caused by intrinsic motivational factors as compare to extrinsic motivational factors.
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