GMJACS

Effect of Leader Creativity Expectations on Creative Performance in Higher Education: Mediating Role of Intrinsic Motivation for Creativity

Muhammad Shahnawaz Adil, Kamal Bin Ab Hamid — Sun, 31 Dec 2023 00:00:00 -0700

A plethora of research reported the positive effect of teachers' expectations on students’ academic performance. However, very little is known about how academicians’ perceived leader creativity expectations (LCE) affect their creative performance in higher education. With support from Pygmalion theory, this study's objectives are two-fold: a) to analyze the effect of academicians’ perceived LCE on their creative performance; and b) whether the intrinsic motivation for creativity mediates the relationship between academicians’ perceived LCE and creative performance. A usable sample of 281 responses is drawn from the full-time academicians of private-sector universities. The structural model demonstrates medium-to-high out-of-sample predictive power. This study is among the first reports in both creativity and education literature which assesses nonlinear effects and endogeneity using Ramsey’s RESET test and Gaussian copula approach respectively to determine the robustness of the structural model’s results. The findings suggest that, although academicians’ perceived LCE has a significant positive effect on creative performance, it actually emasculates the intrinsic motivation of academicians in higher education. Besides, intrinsic motivation mediates the relationship between academicians’ perceived LCE and creative performance. Implications and future directions are discussed.

Harmony and Discord: Unraveling the response of Yields of Fixed Income Securities against Economic Instabilities

AmeenUllah Aman, Abdus Salam Shaikh, Kamran Aziz Ahmed Siddique — Sun, 31 Dec 2023 00:00:00 -0700

In the times of macroeconomic and financial instability, governments are prone to issue excessive fixed-income securities in local as well as international markets while offering excessive rates of returns to fill their financing gaps. Therefore. this study aims to investigate the effect of the prevalent macroeconomic and financial instability of a country on the yields of Sukuk (Islamic bonds) and conventional bonds. The study collects the monthly data from Pakistan for the period 2015 to 2022 considering that the country has been facing such economic instabilities for the last few years. The findings reveal that there is a positive effect of inflation, interest rate, and the risk premium on the yields of both conventional and sukuk bonds. However, foreign exchange volatility and the performance of the stock exchange affect the conventional yield negatively. This study revealed lucrative prospects for investors who choose to invest in fixed-income assets, in terms of diversification gains by investing in both conventional and Sukuk bonds.

Factors Contributing to the Purchase Intention of Halal Fragrances (Ator): A Study on Dhaka City

Mahafizur Rahman Jim, Muhammad Intisar Alam — Sun, 31 Dec 2023 00:00:00 -0700

Fragrance is identical to the cherry on the cake in personal grooming. The halal fragrance (Ator) has different acceptance among Muslim customers. Like many supplementary beauty products, the purchase intention for fragrance is also a complex one. To understand the drivers of the purchase intention of halal fragrance a structured survey questionnaire was formed and responses were collected from 500 respondents conveniently. Nine predictors including price, bottle design, brand, smell, personal care budget, advertisement, peer recommendation, sales promotion and online review are considered as the determinants through reviewing the past literature and hypotheses were developed as well. The Multiple Linear Regression analysis was used to test the hypotheses. The results found that price, smell, personal care budget and advertisement have significant associations with the purchase intention of halal fragrances (Ator). The study has also discussed the significance of this study’s findings aligning with prior literature and provided guidelines for practitioners. Finally, the limitations and future research opportunities have been discussed.

Sustainable Economic Growth: Mediation Effect of Decrease of Energy Crises through the Use of Solar PVs

Muhammad Faisal Sultan, Nazia Abdul Rehman, Erum Khan — Sun, 31 Dec 2023 00:00:00 -0700

Sustainability is one of the prime issues across the world. Therefore, it is also included in the list of Sustainable Development Goals (SDGs). Therefore, the implications are much higher for developing sides of the world. Therefore, this study has been conducted specifically to check the use of on-roof installation of solar PVs in urban residential areas on the decrease of energy shortfall as well as upon sustainable growth of the country’s economy. Although for the purpose of data collection, the sample has been drawn from the energy sector companies of Karachi in order to reflect vividly upon the sustainable economic growth of the country. The sample size is of 125 respondents based on employees of energy sector. Analysis has been made through SMART-PLS using PLS-SEM findings indicating that the use of on-roof solar PVs is substantial for the decrease in energy shortfall as well as for the sustainable economic growth of the country. In fact, the outcomes of the study also prove the use of mediation through indicating indirect association between use of solar PVs at country’s economic growth.

Globalisation and Economic Growth Nexus: Empirical Evidence from Pakistan

Muhammad Noman, Azeema Begum, Nargis Noman — Sun, 31 Dec 2023 00:00:00 -0700

Globalisation has several faces and a variety of social, political, and economic ramifications. It has given many countries numerous opportunities. Others argue that today's globalisation is only tangentially different from colonialism in the past. Since affluent countries levy taxes on developing-country commodities, developing countries have not benefited from this. Developed countries' protection of agriculture and basic manufacturing has harmed developing countries significantly. Pakistan has made significant efforts to integrate its economy with the rest of the world through foreign commerce, investment, and other macroeconomic policies. Globalisation's sufficiency and utility are seen from a variety of angles. Based on solid factual evidence, it is vital to analyse whose viewpoints are supported by Pakistan's experience. Because Pakistan's economy has been liberalised, it also seeks to decrease poverty, which may be achieved through acceptable economic progress. Because Pakistan's economy has been liberalised, it also seeks to decrease poverty, which may be achieved through acceptable economic progress. The paper investigates the impact of globalisation on the economic growth of Pakistan over the period from 1971 to 2021, employing the ARDL approach. Economic growth was measured through the annual growth rate, whereas; KOF Globalization Index was used to measure globalisation. Instead, the inflation rate, FDI, official development assistance, gross capital formation, and labour force participation rate have also been taken into account in the model. The study's findings have proven the negative impact of globalisation on economic growth in Pakistan. The findings suggested that despite several years of openness policies related to trade, FDI, or technological transfer, Pakistan is still not ready to gain the positive effects of globalisation; Therefore, there is a need to adhere to policies that promote trade and investment considering the ground realities of Pakistan.

Does Inflation affect Poverty in South Asia? Panel ARDL and NARDL Analysis from 2001-2021

Abdul Wahab Khan, Assad Ullah Khan, Chandi Gul — Sun, 31 Dec 2023 00:00:00 -0700

Poverty is a global challenge that encompasses not only economic hardship but also limited access to basic necessities and opportunities for a better life. The study empirically investigates the impact of inflation on poverty in five Asian countries over a period 2001 to 2021 by using Panel ARDL and panel NARDL model, including various statistical techniques, such a panel unit root test and Pedroni cointegration tests. The analysis revealed, strong association among the variables. The other variables of the study include political instability, corruption, and GDP per capita. Findings of the study shown the significant role of effective governance, economic stability, and targeted policies in alleviating the negative impacts of inflation on well-being. The study suggests that focused on inflation in order to mitigate poverty and improve living standard of the masses through a comprehensive approach.