This study examines the ability of investor sentiment to predict conditional volatility and excess returns at both aggregate market and industry level in Pakistani stock market. Following the top-do ... Read More
This study aims to analyze household saving behavior in Pakistan. The paper employs micro data tapes of Pakistan Integrated Household Survey (PIHS) 2001-02 and Pakistan Social Living Standards Measu ... Read More
This paper investigates the timing abilities of Pakistani mutual funds for 55 open-end mutual funds on monthly data over the period of 2007-2014. The results conclude that Pakistani mutual funds, in ... Read More
The aim of this study is to test the policy ineffectiveness proposition of rational expectations approach. According to this hypothesis, economic policies anticipated by economic units do not have a ... Read More
This paper examines the long-run inflation-growth relationship in developing economies by placing emphasis on sectoral heterogeneity and crosssectional dependence. This relation is explored using a l ... Read More
For project evaluation, the net present value (NPV) criterion is the most preferred one. It attaches a pre-fixed opportunity cost to initial investment. Therefore, it ranks projects by the amount of ... Read More
This paper examines the impact of external financial liberalization on economic growth of Pakistan using multivariate co integration technique and error correction mechanism. The paper in particular ... Read More
The aim of this paper is to analyze the spillover effects of larger equity market (North American) on smaller equity market (South Asian) in the context of Global Financial Crisis. The mathematical ... Read More
The objective of this study is to investigate the impact of technological innovations (TI henceforth) on energy use at aggregate and disaggregate levels for the economy of Pakistan. Using an extende ... Read More
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