ISSN: 1998 - 4162

JISR - Management and Social Sciences & Economics Journal Contents

Volume 18, Number 1, January 2020


Dear Readers,

It is an honor for us to contribute to academia by publishing JISR-MSSE, a biannual research journal in the field of Management Sciences, Social Sciences and Economics. The journal enjoys being recognized in the prestigious “Y” category by HEC and is striving to be upgraded to an even more prestigious “X” category. The multidisciplinary journal welcomes contributions from people in academia, be it faculty or research scholars, as well as industry experts. The current issue contains papers from diverse fields that contribute to society.

The first paper titled, “Investigating Resilience and Performance of Emergent Financial Technology Startups Endorsed by Knowledge Management” seeks to examine the effect of knowledge management on resilience and performance of emergent financial technology startups (Fintechs) in Lahore, Pakistan through the development of dynamic capabilities when confronted with environmental dynamism. The results of the research reveal that Implementation of effective knowledge management practices result in reconfiguring and advancing the companies’ dynamic competences under the conditions of dynamism and unexpected changes occurring in the external business environment. Consequently, fin-techs succeed to accomplish their goals of spirit, adaptive capacity i.e. increased resilience and escalated performance.

The second paper titled, “Assessment of Citizen Perception: A Case Study of Municipal Solid Waste Management System in Guimaraes, Portugal,” explores a new method of service delivery in the public sector in Guimaraes, which is the UNESCO Heritage Centre. The study is to evaluate the level of satisfaction citizens derive from the services provided to them. The findings of the study indicate that citizens of Guimaraes are more satisfied with the new and innovative method of service delivery as compared to the old conventional method. The study also revealed that there is a significant positive relationship between Public Service Delivery and Citizen Satisfaction. The findings of the may help improve public service delivery projects success rates.


The third paper of this issue titled, “An Empirical Analysis in Effect of Macroeconomic Factors on Inflation for Pakistan” empirically assesses the effect of various macroeconomic factors on inflation in Pakistan by utilizing ordinary least squares (OLS) method and Granger non-causality test in the time-series framework from 1973-Q3 to 2017-Q2. The empirical results confirm that real GDP, money supply, imports, government expenditure, and lagged inflation have a positive and considerable influence on inflation while interest rate has an adverse impact on inflation. Additionally, the findings demonstrate bidirectional causality between money supply and inflation, while the unidirectional causal relationship is found from government expenditure and imports to inflation. These results signify that inflation does not depend solely on monetary growth in Pakistan; however, imports and fiscal policy are also contributory factors that have a considerable impact on inflation. The study concludes that central authority would not accomplish the stabilize prices through changing the monetary policy until and unless the government will not fix the fiscal deficit.

The fourth paper, titled “Acceptance of Mobile Banking (MB) Framework in Pakistan – A Systematic Review,” through a systematic literature review, explores the key factor of mobile banking acceptance in Pakistan. The findings of this study suggest that despite mobile banking is gaining a foothold in Pakistan, ease of use, privacy, security, reliability, lower risk are the key factors that affect acceptance of mobile banking among customers. This study has some strong practical implications for the banking industry.

The fifth paper of this issue, titled " An Evolutionary Historical Perspective of Pakistan Retail Fashion Industry,” seeks to capture the evolution (emergence, diffusion, and transformation) of the retail fashion industry in Pakistan from largely unorganized to modern commerce retail. In particular, it strives to understand this evolution of "collective activity" as conceptualized by Regina Blaszczyk in terms of interactions among enterprise, culture, consumer, and commerce in the context of emerging economies with an emphasis on past two decades 1998-2018. Although limited to the Pakistani case, this research outlines the founding feature of the flourishing fashion retail industry in emerging economies and the role of popular culture in the nourishment of creative industries. The evolution of fashion retail in South East Asia in general and Pakistan, in particular, has received very little scholarly attention. The historical analysis contributes a unique perspective in understanding drivers of this evolution as not consumers themselves but the ones who played an active role in the creation of the retail fashion industry in Pakistan build through historical narrative.

Paper number six in the issue is titled " The Effect of Political Instability on Bank Profitability: Evidence from Ethiopia”. The paper aims to examine the effect of political instability on Bank profitability. The results reveal that political instability positively affects Bank profitability. Bank specific variables such as credit risk ratio, Non- interest income to total asset ratio, and Cost to income ratio are essential factors for Bank profitability. Growth of gross domestic product and inflation are significant determinants of Bank profitability. Bank size, liquidity and credit risk ratio are insignificant. The study is helpful to higher government officials, policymakers, Banks shareholders, Banks top management, etc.

The seventh paper in this issue titled, “Conceptualizing the antecedents of Workplace Innovation in SMEs of Pakistan: A Literature Review”, focuses on the literature of ‘workplace innovation’ and proposes the model of workplace innovation especially in context of SMEs. Since Small and medium enterprise (SMEs) add a critical contribution concerning progression in economies in terms of employment and growth irrespective of economies standing and positioning. SMEs in Pakistan are functioning under constant constraints due to lack in advancement and evolution in operational, administrative and procedural dominions. The research is an attempt to analyse antecedents of Workplace Innovation in the Pakistani SME’s.

The eighth paper of the issue titled " An Empirical Analysis of Enterprise Risk Management and Firm's Value: Evidence from Pakistan” investigates the critical characteristics that influence firms to adopt enterprise risk management practices. Empirical results reveal that large firms, firms with a higher return on assets, and firms having more independent directors on board lead towards the implementation of enterprise risk management. The implementation of an enterprise risk management system augments the performance of the firm soon after the induction of this system as revealed by the results.

Ninth paper in this issue titled “Impact of Terrorism on Foreign Direct Investment: An Empirical Analysis of Pakistan”, study’s the impact of Terrorism on FDI inflow in Pakistan as well as other variables such as economic growth, market size, trade openness and infrastructure.
The study concludes that market size, economic growth, and trade openness have a significant positive relationship with FDI. At the same time, the result shows that Terrorism and infrastructure has a significant negative relationship with FDI. The empirical outcomes of the study of Terrorism confirmed the way that Terrorism based oppression has harmed the economic prosperity of Pakistan and has debilitated FDI inflows during the sample period. Therefore, Pakistan will take to measures the investment environment in this area. Government strategy makers should consider the situation of Terrorism, instability and lawfulness circumstance to decrease the risk of investors and to ensure their investment ability to host FDI.

Paper number ten in the issue titled “Gender-Based Labour Force Participation and Wage Gap in Pakistan: Does Globalization Matter?” investigates the impact of globalisation on gender-based gaps in the labor market (GBGLM) of Pakistan for the period 1982-2017. Particularly, the study estimates the impact of trade openness(OPEN), foreign direct investment (FDI), workers’ remittance inflows(WRI) and exchange rate(ER) on gender-based labour force participation rate differential (LFPRD) and wage differential (WD). The study has applied the Autoregressive Distributed Lag (ARDL) model and Johansen’s co-integration approach on two models estimated for LFPRD and WD.  The error correction models (ECM) have confirmed an error correction mechanism as reflected by negative and significant coefficients of lagged ECM terms. The study has applied all relevant diagnostic tests to ensure the validity of empirical findings. The results of the study indicated that in the long run, OPEN reduced LFPRD and WD, whereas, FDI augmented LFPRD. ER depreciation decreased LFPRD and augmented WD. WRI also augmented LFPRD and WD. The study concluded that OPEN and Real GDP are prominent factors in reducing WD and LFPRD of Pakistan, whereas, FDI and WRI augmented LFPRD. These are very important findings in the context of the stagnant real sector of Pakistan where agriculture and industry have performed lower than rapidly growing services sector of Pakistan. Since most of the exports emanate from the real sector of Pakistan, therefore, relatively more focus on real sector as compared to financial inflows can play a crucial role in reducing GBGLM of Pakistan. The policy implication based on results is that to reduce GBGLM of Pakistan, trade liberalisation with special focus on the commodity-producing sector is right policy option in Pakistan.

 Paper number eleven titled “Social Identity and Uncertainty: A Study of Responsible Societal Factors for Growing Extremism” aims to investigate the issue of growing extremism with reference to the wider theme of societal factors as a reason for this growing menace. Since society is responsible for developing particular behaviours amongst dwellers, their attitudes are shaped up by multiple influencing factors around; it may be political, economic, or it may be merely an influence supported by culture. This study explores the said factors within two dimensions; 1. the effects of cultural and social identity on human behaviour; and 2. the influence of uncertainty on growing extremism and crimes. Quantitative data was collected from a highly educated segment of society from all over Pakistan. The findings of the research are thought-provoking and setting a direction to work forward and to dig up more.

Twelfth paper in this issue titled, “Liquidity Risk of Conventional Banking: A Case of Pre- and Post-Financial Crisis-2008 investigates the post-financial crisis liquidity risk of conventional banks in Pakistan in consortium with the pre-financial crisis-2008. Methodologically, 15 of 20 conventional banks were selected as a sample. The paper shows that liquidity risk in the pre and the immediate year following the financial crisis was marginal and insignificant; however, the liquidity risk bar rises and becomes pronounced in the following year. Though the allied demise in Pakistan financial market felt the ruthlessness of this collapse is not comprehensive enough to demolish the financial stability of Pakistan. In addition, despite the sounding performance of Pakistan banking system in the pre and post-financial crisis, the Altman's Z-Score tool is indicative of bankruptcy creeping up amongst the sampled banks in the near future.  

We hope the research articles published in our journal will benefit academicians and researchers. Looking forward towards positive feedback from the research community.

Yours sincerely,


Dr. Muhammad Kashif,


SZABIST, Karachi.

August 23, 2019

DISCLAIMER: All views expressed in the journal are those of the authors and not necessarily reflect the policies or preferences of JISR-MSSE or SZABIST.