Dr Taqadus Bashir | Bahria University, Islamabad-Pakistan (original) (raw)

Papers by Dr Taqadus Bashir

International Journal of Business Excellence, 2023

MPRA Paper, 2019

The study aimed to investigate firm decisionsofusing interest rate derivatives and factors affect... more The study aimed to investigate firm decisionsofusing interest rate derivatives and factors affecting this decision. Study is conducted by selecting data of 191 non-financial sector companieslisted on PSX from 2010 to 2015.Logit model was employed to detect contribution magnitude of foreign sales, profitability, leverage, liquidity, price to earnings, interest coverage ratio and dividend payout towards decisions by firm of using the interest rate derivatives. The expected users of interest rate derivatives for purpose of interest rate exposure management were the firms with high foreign sales,lesser leverage, low profits,low dividend payout ratio andlow interest coverage ratio. The examination concludes that these derivatives are financial engineering tools and serve as immunization instruments for a firm from anticipated future financial risk.

Environment, Development and Sustainability

This study tests the Post-Keynesian theory regarding bank stock returns and money supply endogene... more This study tests the Post-Keynesian theory regarding bank stock returns and money supply endogeneity in the context of South Asian countries. This study uses panel data set from different sources over twenty-eight (28) years. The research uses different econometric techniques before switching to the generalized method of moments (GMM). The empirical results indicate a significant positive effect of net interest rate margins on bank loans in South Asian countries, whereas a positive relationship exists between foreign to local interest rates and the money supply. The findings depict that positive associations exist between inflation and money supply of banks, and between the money supply and bank stock returns. More specifically, the GMM results show that the money supply has positively affected the stock prices of banks suggesting strong policies for the stakeholders of these economies for the sake of economic growth and sustainable development.

Proceedings of the 42nd International Academic Conference, Rome, 2018

Economics and conventional investment theory assumes that people are rational while markets are e... more Economics and conventional investment theory assumes that people are rational while markets are efficient, but people often think and act irrationally, and financial markets rarely follow textbook models of efficiency. Whereas behavioral finance uses knowledge from psychological studies in context of decision making in comparison to the so called predictable models popular in standard finance. Most oftenly investor behavior diverges from logics and rationality as investors are victim of numerous behavioral errors that intervene while they form up investment decision. Decison making is complicated due to the intervention of emotional attachments & avoidances, cognitive errors, and personality traits of decision makers. In developing country like Pakistan where the environment is unstable due to factors like security threats, terrorism, inflation, energy crises and are affecting the thinking pattern of people and the ratio of educated entrepreneur is very less, decisions are based on gut feelings, there is a need to study the impact of self-control, self-attribution along with cognitive dissonance and confirmation bias on investment decision and the current aimed to do so. The present study collected primary data through questionnaire from stock and bond investors. Significant positive relationship is found between the study biases and their impact on investment decisions of investors. Almost all the subjects were found to be the victims of confirmation bias, self-control bias, self-attribution & cognitive dissonance bias. Financial advisors are recommended to be first trained and then consulted for the detection & moderation of these biases before making investment decisions.

i-manager's Journal on School Educational Technology, 2007

Computational Intelligence and Neuroscience, 2021

In this paper, a novel swarm-based metaheuristic algorithm is proposed, which is called tuna swar... more In this paper, a novel swarm-based metaheuristic algorithm is proposed, which is called tuna swarm optimization (TSO). The main inspiration for TSO is based on the cooperative foraging behavior of tuna swarm. The work mimics two foraging behaviors of tuna swarm, including spiral foraging and parabolic foraging, for developing an effective metaheuristic algorithm. The performance of TSO is evaluated by comparison with other metaheuristics on a set of benchmark functions and several real engineering problems. Sensitivity, scalability, robustness, and convergence analyses were used and combined with the Wilcoxon rank-sum test and Friedman test. The simulation results show that TSO performs better compared to other comparative algorithms.

International Journal of Business Excellence, 2020

Journal of Economic and Administrative Sciences, 2021

PurposeThis study investigates the impact of the COVID-19 pandemic on investors' sentiments, ... more PurposeThis study investigates the impact of the COVID-19 pandemic on investors' sentiments, behavioral biases and investment decisions in the Pakistan Stock Exchange (PSX).Design/methodology/approachThe authors have assessed investors' behaviors and sentiments and the stock market overreaction during COVID-19 using a questionnaire and collected data from 401 investors trading in the PSX.FindingsResults of structural equation modeling revealed that the COVID-19 pandemic affected investors' behaviors, investment decisions and trade volume. It created feelings of fear and uncertainty among market participants. Evidence suggests that behavioral heuristics and biases, including representative heuristic, anchoring heuristic, overconfidence bias and disposition effect, negatively influenced investors' decisions at the PSX.Research limitations/implicationsThis study will contribute to behavioral finance literature in the context of developing countries as it has revealed th...

Emerging Markets Economics: Firm Behavior & Microeconomic Issues eJournal, 2019

The study aimed to investigate firm decisions of using interest rate derivatives and factors affe... more The study aimed to investigate firm decisions of using interest rate derivatives and factors affecting this decision. Study is conducted by selecting data of 191 non-financial sector companies listed on PSX from 2010 to 2015. Logit model was employed to detect contribution magnitude of foreign sales, profitability, leverage, liquidity, price to earnings, interest coverage ratio and dividend payout towards decisions by a firm of using the interest rate derivatives. The expected users of interest rate derivatives for purpose of interest rate exposure management were the firms with high foreign sales, lesser leverage, low profits, low dividend payout ratio and low interest coverage ratio. The examination concludes that these derivatives are financial engineering tools and serve as immunization instruments for a firm from anticipated future financial risk.

NICE Research Journal, 2018

Aversive leadership has picked up a lot of consideration as a result of its effect on a few activ... more Aversive leadership has picked up a lot of consideration as a result of its effect on a few activity results. The motivation behind the momentum inquire about work is coordinated to explore the association of aversive leadership (AVL) with job outcomes (Aggressive voice and organizational deviance), directing psychological hardiness (PH). Work Alienation (WA) was utilized as a mediating variable. Banks from Private sector situated at Peshawar District were chosen to get data. The sample size was 3oo employees from these banks. Random sampling technique was utilized through proportional distribution method and information was gathered through structured questionnaires. The aftereffects of this exploration work examined that AVL has a noteworthy impact on AV and OD. Moreover, WA completely interceded between AVL and an AV and halfway intervened between aversive leadership and organizational deviance. Managers and supervisors should maintain a strategic distance from AVL and attempt to...

FEN: Behavioral Finance (Topic), 2014

Standard Finance assumes that investors are rational decision makers selecting the best alternati... more Standard Finance assumes that investors are rational decision makers selecting the best alternatives / solution among all the possible ones. On the contrary and realistically due to bounded rationality the individuals behave normally and satisfice by settling down to the first available solution that comes to their mind. This bounded rationality leads to irrational decision making resulting into the market anomalies. One of the reasons of irrational decision making is biased behavior. While trading irrational investors make biased decision due to multiple cognitive and emotional biases. Current study explores a sequential series of three-step process to Decompose gains/losses of recent past trades for an individual investor into Sign of outcome and the Residual construct/variable of interest (size). Empirical investigation has been performed to reveal the fact that in context of Pakistani stock market Sign is significantly more powerful to influence investor’s mind and hence on the ...

Journal on School Educational Technology, 2007

One of the emerging research areas in the strategic orientation is how to transfer different orie... more One of the emerging research areas in the strategic orientation is how to transfer different orientations from the commercial sector to the non-profit sector. Therefore, the objective of this study is to determine the mediating effect of Learning Orientation among the Market Orientation, Social Entrepreneurial Orientation and Organizational Performance in the non-profit sector. The data from more than 300 employees of the non-profit organizations through snowball sampling method was collected from different parts of Pakistan and analyzed by using Smart PLS software to perform Structural Equation Modeling. The findings indicate that acquiring strategic resources is also relevant for non-profit sector but these resources are useless if can be easily imitated. Therefore, an organization should develop such capabilities to make resources imperfectly imitable. Research also shows that Market Orientation and Social Entrepreneurial Orientation are key strategic resources but in the presenc...

Journal on School Educational Technology, 2006

Environmental Science and Pollution Research, 2021

Computer Modeling in Engineering & Sciences, 2021

Introduction: Early supported discharge (ESD) is a transitional care model aimed at facilitating ... more Introduction: Early supported discharge (ESD) is a transitional care model aimed at facilitating post-acute stroke patients' discharge to home. Previous studies have demonstrated that ESD provides equivalent patient and caregiver outcomes with superior cost-effectiveness compared to conventional rehabilitation (CR). This study intends to examine the feasibility of ESD in Korea. Methods and Analysis: This study is designed as a multicenter assessor-blinded, randomized controlled trial. Ninety post-acute stroke patients with mild to moderate disability (modified Rankin Scale 1-3) will be recruited from three university hospitals (30 patients per hospital) in Korea and allocated to either the ESD group or the CR group in a 1:1 ratio. Patients in the ESD group will receive individualized discharge planning and goal setting, a 4-week home-based rehabilitation program, and liaison service to community-based resources by a multidisciplinary team. Patients in the CR group will receive rehabilitation practices according to their current hospital policy. Outcomes: The primary outcome is the Korean version of the modified Barthel Index, and the primary endpoint was post-onset 3 months. Clinical outcomes, patient/caregiver reported outcomes, and socioeconomic outcomes will be measured at baseline, 1 month after discharge, 2 months after discharge, and 3 months after onset. Institutional Review Board of Seoul National University Bundang Hospital (IRB number B-2012/654-308). The study protocol was registered at ClinicalTrials.gov (Identifier NCT04720820). Disseminations will include submission to peer-reviewed journals and presentations at conferences.

Global Social Sciences Review, 2019

This research aims at testing and confirming existence of selected behavioral biases of investors... more This research aims at testing and confirming existence of selected behavioral biases of investors that affect their decisions. Five behavioral biases affecting irrational behavior of investors were selected: overconfidence bias, illusion of control bias, confirmation bias and recency bias and optimism bias. Primary data was collected through a questionnaire from 300 investors from banks, insurance companies, stock exchanges etc. The results were obtained by employing a correlation and regression analysis for the presence of behavioral biases and to detect degrees of their influence on decision making. Correlation results indicate moderate association between behavioral biases and decisions of investors. Outcome of the research indicates that while making financial decisions investors are moderately affected by behavioral biases.

World Applied Sciences Journal

It is widely accepted that the growth in Non-performing loans is associated with the inefficiency... more It is widely accepted that the growth in Non-performing loans is associated with the inefficiency, failures of the banks and financial crisis in the developed and developing countries. In fact, existing studies have provided evidence that the rapid growth in NPLs leads to the financial crisis. Therefore whenever financial vulnerability is examined, main emphasis is placed on the levels of NPLs. The NPLs in Pakistan are increasing with an alarming rate each year; therefore the main aim of the current study is to investigate the bank specific determinants of NPLs. The current study used 6 years panel data (2006-2011) of 30 banks to test the validity of 10 banks specific hypotheses. The commercial banks can use the findings of current study to improve the current management performance, control the current level of lending as compared to expected NPLs and extensive lending during boom to reduce the level of NPLs.