Publications Volume: 4 | No. 1 | January - June, 2017

Editorial

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Dear Readers,

Once again it’s a pleasure to bring you the latest issue of Sukkur-IBA Journal of Management and Business (SIJMB). Following our editorial policy, this issue contains double blind peer-reviewed articles which address key business, management and economic issues pertaining to both national and international levels. The continued efforts of our editorial team and reviewers have enabled SIJMB to present you the high quality research work based on the innovation, originality and contemporary issues in the core areas, but not limited to business, management and economics. SIJMB follows continuous improvement policy, and I thank all the stakeholders who have been the part of it. Moreover, SIJMB has continued its open access policy in order to reach larger audience and wider dissemination of published work.

While not forgetting that the SIJMB has an institutional association with Sukkur Institute of Business Administration. In fact, the initiation of SIJMB is an outcome of strong research orientation followed by the institute and I am grateful for continuous institutional support in this regard. In addition, the SIJMB provides valuable platform for national and international researchers and publishes their research findings and disseminates it to the largest stakeholders. The journal charges no any fees and also provides complimentary copy (in hard form) to each author also the supplement copies of the journal distributed to HEI and R&D institutions of the country. The journal has been archived by world’s renowned scientific repositories. Journal has received recognition from several research agencies, universities and renowned professors. In coming years, the journal aims to improve its current state by attracting more national and international researchers in the field of business, management and economics.

On behalf of the SIJMB, I welcome submissions for the upcoming issues of the journal and looking forward to receive your valuable feedback.

Dr. Khalid Ahmed
Editor-in-Chief

The Model of Customer Experience and Purchase Intention in Online Environment

Muhammad Zahid Maitlo1*

Department of Business Administration, Shah Abdul Latif University, Khairpur Mir’s
*Corresponding Author: zahidmaitlo2011@gmail.com

Neelam Jugwani2

Department of Business Administration, Dadabhoy Institute of Higher Education, Karachi

Rehman Gul Gilal3

Department of Business Administration, Shah Abdul Latif University, Khairpur Mir’s

View Abstract

The online purchase intention is very critical and fascinating in today’s e-environment. It has direct involvement in customer decision making in terms of purchase. Thus, corporations use various marketing tools to seize customer attention for product purchase decision. This study provides the model of customer experience and purchase intention in e-environment. A total of 326 internet users were requested to provide the data through distributed questionnaire using non-probability e-convenience sampling technique. Further, Analysis of Moment Structure was employed and Structural Equation Model was used to measure the model of customer experience and online purchase intention with customer experience sub-dimension i.e. online hedonic elements, online aesthetics and online functional elements. The result of the study clearly indicates that customer with tremendous experience tends to purchase frequently in an online environment. In other words, customer online experience is directly proportional to purchase intention. Hence, increase in online customer experience will increase purchase intention.

Capital Flows and Money Supply: The Degree of Sterilization in Pakistan

Hina Ali1*

Department of Economics, Women University Multan Pakistan
*Corresponding Author: hinaali@wum.edu.pk

Sadia Sajjad2

Department of Economics, Women University Multan Pakistan

View Abstract

The present study proposes to analyze the impact of the capital flows on the economic growth. The change in the capital flows affects the money supply in the economy which in return influences the economic growth. The augmented dickey fuller test (ADF), descriptive Analysis, correlation method, and the auto regressive distribution lag are employed in this work. The ADF test is delved to examine the Stationarity of the variables and the correlation between them. The descriptive analysis is used to check the normality of the variable whether the variables is normally distributed or not. The survey bases on time series data ranging from the year 1974 to 2014. The variables as the gross domestic product (GDP), exchange rate (ER), inflation (INF), consumer price index (CPI), money supply (M2), total reserves (TR) and the foreign direct investment (FDI), price indices (PI). The research findings are Foreign direct investment, Exchange rate, Inflation rate, Consumer Price Index has the positive impact on the GDP while the Private Investment, Total reserves, and Money supply have the negative impact on the GDP. The value of the R square is 0.99874 which is very good. It means that the 99 percent variations exist in dependent variable due to independent variables.

Wholistic Management Education (WME): Theorizing the Contextualized Applicability of Transformative Learning in Management Education Discourse

Naveed Yazdani1

University of Management & Technology, Lahore Pakistan

Hassan S. Murad2

University of Management & Technology, Lahore Pakistan

Aleena Shuja3*

University of Management & Technology, Lahore Pakistan
*Corresponding Author: aleena.shuja@umt.edu.pk

ViewAbstract

Traditional management education discourse is in crisis. It does not prepare students to face real world complexities and challenges because it is devoid of context and historicity and localness. It focuses narrowly on the means and not ends of managing and organizing. To address these glaring and gaping fissures between concepts and reality. This paper utilizes Mezirow’s theory of transformative learning approach in management education so that the future managers are on course for individual transformation. Later developments in the transformative learning theory connecting it with extra-rational thinking, multiple ways of knowing and critically evaluating social dynamics are also incorporated so that the individual transformation leads to more broader collective transformation. The discursive interplay between texts, actions and discourses are captured in the proposed Wholistic Management Education (WME) model. The model’s validity and its relation with Discourse Analysis and Critical Discourse Analysis are briefly discussed along with future research directions.

The Relationship between Salary Packages and Employee’s Subjective Well-being: Evidence from Service-based SMEs in Pakistan

Nimra Ali Khokher1

Faculty of Management Sciences, Baluchistan University of Information Technology, Engineering and Management Sciences, Quetta, Pakistan

Abdul Raziq2*

Faculty of Management Sciences, Baluchistan University of Information Technology, Engineering and Management Sciences, Quetta, Pakistan
*Corresponding Author: araziq85@yahoo.com

View Abstract

An excellent package of salary plays very important role in the management of the talented people of the organization because such packages bring positivity in the feelings, behaviors and in the satisfaction of the people. The objective of this study is to test the hypotheses to investigate the relationship between salary packages and employee’s subjective well-being. The study employed a quantitative methodology. Data were collected through a self-administered survey questionnaire. The questionnaire was adapted from a previous validated survey. The target population consisted of SMEs operating in the city of Quetta, Pakistan. Convenience sampling was applied to collect data from service-sector SMEs. A total of 486 questionnaires were distributed. Of these, 380 were received. However, 349 questionnaires were finally considered as useable. The results of correlation and regression analyses indicate that salary packages have significant positive impact upon employee’s subjective well-being. Our study indicates that when an organization implement practice of excellent and attractive salary packages then such practices develop a realization of trust among the employees which bring positivity in their feelings and behaviors and this will develop their belonging and satisfaction towards the organization. This study also suggests that the top management should continuously monitor the structure of salary in the organization and devise such kind of salary structure which gives recognition to the competent talent of the organization.

Market Volatility and Momentum: Evidence from Pakistani Stock Exchange

Anila Rafique Khan1*

Capital University of Science and Technology, Islamabad, Pakistan
*Corresponding Author: anilarafiquekhan@hotmail.com

Muhammad Waqas2

Capital University of Science and Technology, Islamabad, Pakistan

Arshad Hassan3

Capital University of Science and Technology, Islamabad, Pakistan

View Abstract

This study explores the relationship between market volatility and momentum profitability. This study indicates that market state volatility has significant power to forecast momentum payoffs, especially in negative market states. The results are the context in the presence of market state and business cycle variables. Market premium is significant and negative. Market volatility is also found negatively influencing momentum profits. Volatility is divided into volatility in the positive market and volatility in the negative market. Both are significantly and negatively influencing momentum profits. Vol+ and Vol- both have negative signs; Vol- is dominant in terms of the magnitudes of the coefficient and the t-statistics. Business cycle effect measured by term and yield is not found significant. Non-linearity has not been observed regarding the term. Results are found robust for market adjusted momentum payoff. The study also explores the impact of market state, volatility and business cycles on the return of loser and winner portfolio. This study reports that returns of the loser portfolios are explained by market component, whereas volatility is found to be insignificant. The macroeconomic variables TERM, TERM2 and YLD show signs of statistical significance. Market factor is significantly and positively influencing winner portfolios. The results indicate that volatile markets forecast low returns on winner stocks. Return dispersion used to measures cross-sectional is also found significant. The study recommends that investors should devise investment and momentum strategies on the basis of the volatility of stocks and the business cycle. The tests of this study show that volatile down markets forecast low momentum payoffs. The time-series predictability of momentum is asymmetric, which arises from loser stocks.

A Research Framework for Antecedents to Interpersonal Trust Development from Organizational Perspective

Muhammad Abdul Basit-Memon1*

Department of Business Administration, Sukkur IBA University, Sindh Pakistan
*Corresponding Author: basit.memon@iba-suk.edu.pk

Manzoor Ali Mirani2

Department of Business Administration, Sukkur IBA University, Sindh Pakistan

Shahid Bashir3

School of Business & Economics, University of Management & Technology, Sialkot Campus

View Abstract

The researchers from a number of fields and disciplines have analyzed the role of trust as one of the most significant factors affecting the organizational performance. Trust facilitates and moderates the impact of other variables on employee-performance or organizational behavior; since it builds up the grounds over which the foundation of certain expected outcomes and results can be laid on. Due to increasing importance of trust, there has been a rigorous focus of researchers, academicians and practitioners to identify the antecedents to trust i.e. the factors that increase or decrease the extent of trust in organizational settings. This paper presents a research framework of the antecedents to interpersonal trust development from an organizational perspective, in the light of the existing literature and available empirical evidence to help the researchers, academicians and practitioners to identify the determinants of interpersonal trust development. We believe that the constructs identified in this paper will help the researchers to develop the models of trust building and provide guidelines for meaningful and valuable research in future in the domain of trust development.