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Relationship Between Oil Price, Exchange Rate, And Stock Market Kehkashan Nizam
International Journal Of Economics Social And Technology Vol. 1 No. 3 (2022): 2022, September
Publisher : Lembaga Riset Ilmiah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/ijest.v1i3.90

Abstract

The purpose of this study is to investigate the impact of oil prices and their fluctuation on the exchange rate and stock prices in Pakistan. The time-series data were collected from 1995 to 2018. The data will collect from World Bank and the Pakistan stock exchange (PSX). Oil price and oil price volatility are independent variables and dependent variables are the exchange rate and stock price. Descriptive statistics, unit root test, and ordinary least square OLS regression has applied for this research. The results from Model 1 show that there is a negative impact of oil price volatility OPV on stock price SP in Pakistan. The oil price has a positive impact on SP in Pakistan. The results suggest that increases in the OP lead to increases in the SP. in contrast increases the volatility in OP reduces the SP. Moreover, Model 2 results represent, as the impact of oil price volatility OPV is negative on exchange rate ER in Pakistan, while the oil price has a positive impact on exchange rate ER in Pakistan. The results suggest that increases in the OP lead to increases in the ER. In contrast, increasing or decreasing the volatility in OP reduces or increases the ER.  This research will be very helpful for company owners, businesspeople, managers, policymakers, academic and industry researchers, and individual investors to reduce uncertainty and volatility in the financial market. The finding suggested that the study would help in managing and measuring divestment risk present in the market, selecting stock or portfolio, and financial derivatives pricing
Corporate Governance And Firm Performance: Empirical Evidence From Pakistan Banking Sector Kehkashan Nizam
International Journal Of Economics Social And Technology Vol. 1 No. 4 (2022): 2022, December
Publisher : Lembaga Riset Ilmiah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/ijest.v1i4.260

Abstract

Corporate governance is important in developing a culture of integrity in an ‎organization that enhances the performance of business resulting in sustainability in the ‎business of the organization. The purpose of this study is to investigate the impact of ‎corporate governance factors on bank performance in Pakistan. The data was ‎collected from 15 banks from the period of 2010 to 2020. The data was collected ‎from the financial reports of the banks. The dependent variable was returning on assets as a ‎proxy of firm performance and the independent variables were corporate governance ‎factors (namely, the board size, firm size, independent directors, CEO duality, and ‎leverage). The technique was applied for this research included the Co-integration test, ‎the Hausman test to determine Random or Fixed Effect, and the Panel Least Square Regression ‎to check the relationship between variables The result found that board size has ‎a significant effect on return on assets indicated that optimum board size in an ‎organization increases the ROA. The results found board independence has a significant ‎effect on return on assets indicating the independency of directors is involved in creating ‎greater value for shareholders. The results found that CEO/Chairman duality has ‎an insignificant impact on return on assets. The results found leverage has a significant ‎impact on return on assets indicating that having high leverage earns more profit. The ‎results found a positive impact of firm size on return on assets. Results can be ‎concluded that improvement in corporate practices increases the firm performance ‎shows the positive revenue generates by the company and the company used its assets ‎through business. Good CG practices make firm-healthy.