We investigate the empirical nexus between financial inclusion and economic growth for an extended sample of 21 Asian countries spanning over a period from 2004 to 2019. Further, we also conducted sub-sample analysis by dividing overall samples into developed developing countries. Our results reveal significant positive long-term impact on in Asia. pair-wise causality test shows bidirectional development. robust are consistent across various estimation techniques. findings suggest that...

Asian economies are extremely vulnerable to climate due rapid economic progress, poor governance structure and governmental performance. Keeping in view the fragility of Asia context environmental deterioration, we examine role change shaping progress based on an extensive dataset 47 over period 2010–2020 through advance panel estimation models such as FMOLS DOLS for long-run relationships, panel-VECM granger causality. The finding suggests a long run positive impact progress. Further,...

We aim to investigate the empirical nexus between carbon emissions and financial inclusion for a panel of 74 countries from 2004 2020 based on environment kuznets curve (EKC). Using advanced data analysis framework Driscoll-Kraay, Generalised linear model, Prais-Winsten test entire sample heterogeneous subsamples, we document an inverted U-shape relationship inclusive system. Notably, is established in developed, emerging frontier economies except standalone economies. Furthermore,...

The nexus between financial inclusion and carbon emissions is becoming an increasingly important topic, given the augmented awareness of negative impacts climate change on environment human health. In this study, we examine impact using STIRPAT framework for 102 countries from 2004 to 2020. We measure as a composite index, principal component analysis (PCA) five proxies. Our robust panel regression estimations suggest N-Shaped relationship emissions. N-shaped Environmental Kuznets Curve...

The current study proposes an integrated theoretical frame work, to explain the moderating role of institutional investors, their investment horizon and corporate governance mechanism in sustainability social responsibility (CSR) firm’s performance nexus. proposed model explains how, positive association between CSR firm relationship, established on basis stakeholder citizenship theories, can be further strengthened (effective monitoring hypothesis) or weakened (myopic institutions theory)...

This study examines the causality between Chinese Investment under China–Pakistan Economic Corridor and economic growth in Pakistan by using Autoregressive distributed lag estimation framework. For this purpose, quarterly time series data ranging from 2009 to 2018 were used. In short run, results failed establish Foreign Direct Growth, while a unidirectional was found Investment. However, of confirm that variables interest are bound together long run only when is dependent variable,...

Purpose: This study investigates the relationship between financial development and sustainable development, emphasizing moderating role of technological innovation in sub-Saharan region. Design/Methodology: The analysis is based on a sample 33 countries over period 2003–2022, utilizing composite indicators for constructed through novel approach. Principal component was employed to extract information from these indicators. To ensure robust consistent regression coefficients, applied...

Purpose This study aims to examine how board characteristics influence corporate performance with risk as the mediating variable in Chinese context. Design/methodology/approach uses a data set of 2,920 A-listed nonfinancial firms during period 2006–2022. Fixed effect estimation robust standard errors is used estimate baseline model. Findings The findings indicate that independent variable, index (BCI), significantly associated mediator, risk. Additionally, dependent performance, shows...

This study investigates the impact of corporate performance and governance on executive remuneration in a Chinese market setting. Using Generalized Method Moments (GMM) estimation approach for sample 860 non-financial firms listed Stock Exchanges over 15 years period 2004–2018, found positive significant association between profitability pay. The further reports that ownership concentration is positively related to pay revealing an entrenchment effect i.e., collusion large shareholders top...

This research work is on the topic of an empirical estimation Okun's law in context Pakistan. Coefficient estimated to check whether this exist Pakistan's economy or not. shows three one link between real GDP and rate unemployment. Time series data unemployment Pakistan have been used find validity law. Duration 1972 - 2012. Different versions gap version, difference version dynamic are calculate coefficient. Ordinary least square method applied for analysis. The results show that there no...

The purpose of this research is to analyze the association between corporate governance and firm performance. Specifically, it examines impact CEO duality on board characteristics its relationship with performance through dynamic penal estimation. findings are based a sample 191 listed non-financial firms over period 2004-2014. We document that plays pivotal role in determining financial operating Pakistan. Consistent past studies, also show some statistical variations among sampled (large...

Purpose The purpose of this paper is to investigate the asymmetric adjustment cash holdings in Pakistani firms for above and below target firms. Design/methodology/approach study employs generalized method moments (GMM) holdings. Findings found that which hold optimal level have higher speed than level. Financially constrained (FC) also adjust their faster financially unconstrained (FUC) but high downward does not remain persistent after financial constraints are controlled. reveal extend...

Abstract We examine the relationship between financial inclusion and carbon emissions. For this purpose, we develop a composite indicator of based on broad set attributes through principal component analysis (PCA) for 26 countries in Asia region. Our robust panel regression reveals significant positive long-term impact The pairwise causality test unidirectional running from to study suggests that policy makers may design policies integrate accessible systems into climate change adaptation...

Purpose The purpose of this paper is to investigate how corporate cash holdings changes across firm life cycle and firms undergo heterogeneous dynamic adjustment as they advance from one stage the next stage. Design/methodology/approach This study uses an extensive data set 2,994 Chinese A-listed firms. authors use generalized method moments (GMM) Fisher Panel unit root testing targeting behavior Findings uni-variate investigation reveals that in growth exhibits highest levels decline report...

We examine the impact of corporate governance on cash holdings and interplay family ownership this relationship through static dynamic panel estimation models. Composite indicator for based several proxies related to board structure is constructed using principal component analysis (PCA). Our evidence a sample 120 publicly listed non-financial firms from Pakistan Stock Exchange (PSX) over period 2013–2017. The selected further divided into non-family 10% or more ownership. document negative...

The study aims to investigate the relationship between litigation risk, ownership structure and payout policy in light of agency theory. analyzed a data set 690 non-financial Chinese firms spanning 2013–2021, by employing two-stage dynamic panel methodology. results reveal that risk adversely impacts dividend payouts, while managerial has similar negative effect. Conversely, institutional concentrated exhibit positive associations with yield. Furthermore, moderates link ratio, strengthens...

Purpose Islamic label of an organization attracts Muslims for investment. There is a rising concern with huge profile corporate governance related to the rules (principles). In this context, study aims examine effect labelling on in Pakistani setting. Design/methodology/approach This used panel data set comprising 120 non-financial Shariah-compliant and non-Shariah-compliant firms listed Pakistan Stock Exchange over period 2013–2020. For analysis, static estimation techniques. Moreover,...

Purpose The purpose of this paper is to examine the impact corporate governance, investor sentiment and financial liberalization on downside systematic risk interplay socio-political turbulence relationship through static dynamic panel estimation models. Design/methodology/approach evidence based a sample 230 publicly listed non-financial firms from Pakistan Stock Exchange (PSX) over period 2008–2018. Furthermore, study analyzes data Blundell Bond (1998) technique in full as well sub-samples...

This research investigates the effect of corporate governance on downside systematic risk with moderating socio-political factor.Corporate covers key areas such as board structure, ownership structure and audit quality.The used two proxies, terrorism assassination, to construct index, whereas downside-CAPM Estrada ( 2002) is a measure risk.Using sample 201 non-financial firms from 2003 2014, this study has Arellano-Bond Dynamic Data-Estimation regression approach uncover relationship.Results...

Emerging economies are characterised by a high proportion of family-owned businesses, significant political corruption, and weak legal system which creates more favourable environment for politically-connected family firms. Hence, we investigate the effect connections on firm performance in non-family-owned firms through advanced panel estimation techniques. Our result is based sample publicly listed 150 non-financial from Pakistan Stock Exchange (PSX) over period 2013–2018. We demonstrate...