Allah Buksh Khan - Academia.edu (original) (raw)
Papers by Allah Buksh Khan
Journal of accounting and finance in emerging economies, Dec 31, 2018
This study has been carried out to find out the relative efficiency of the commercial banks in Pa... more This study has been carried out to find out the relative efficiency of the commercial banks in Pakistan over a five-year period from 2006 to year 2010 using Frontier Approach of efficiency. The commercial banks included in this research paper are public sector banks, privatized banks, domestic private banks, and foreign banks. In addition to overall efficiency comparison of the commercial banks, this study has also tested the effect of size and ownership structure of the commercial banks in Pakistan on their efficiency. Data/Design/Methodology/Approach: Out of 44 banks, 21 commercial banks have been chosen, which, in terms of deposits, account for about 94 percent of total deposits of the banking sector (Rs.5,124,308 million) as on December, 2010. Secondary data of the banking firms have been gathered from their audited financial statements. Intermediation approach has been used by employing Data Envelopment Analysis. The relative efficiency of the commercial banks has been investigated in context of intermediation approach which transforms labor and capital into advances/loans and investments. Originality: This paper is an attempt to find out the relative efficiency of the commercial banks during the mentioned period which lies during the Global Financial Crisis. Its findings would be of great value for every stratum of society including bankers, business community, academicians, and government and of course, the investors.
Journal of Accounting and Finance in Emerging Economies, 2020
The practices of Management Accounting have not been highly adopted in developing countries. But ... more The practices of Management Accounting have not been highly adopted in developing countries. But with increased importance of these practices, firms of developing countries are motivated to adopt MAPs. In this research, MAPs align with increased importance of SMEs have been studied and provide understanding to enhance adoption of MAPs in SMEs. This study outlines the usage of MAPs in Pakistani SMEs; identify the contextual factors that affect the adoption of MAPs by SMEs and lastly explore perceived benefits and problems in adoption of these practices. A mixed methodology was used to collect data. A questionnaire with five categories of MAPs was used to examine the extent of use of MAPs by 100 SMEs of Multan from textile sector. Eight interviews were conducted to identify the factors, benefits and problems. However, the results shows that majority of respondent firms adopt traditional MAPs and other medium sized firms do more focus on contemporary MAPs. The findings of current stud...
Review of Economics and Development Studies, 2019
This study has examined the impact of corporate reputation on risk exposure of the firms listed a... more This study has examined the impact of corporate reputation on risk exposure of the firms listed at Pakistan Stock Exchange (PSX) and rated by Pakistan Credit Rating Agency (PACRA). It has employed firm’s credit ratings as a proxy for corporate reputation. It has covered the time period from 2007-2016 and unbalanced and undated panel regression analysis has been carried out to observe the significance of the relationship among corporate reputation and the firm risk i.e. total risk and its parts (systematic and unsystematic risk). It has been found that corporate reputation has a significant negative relationship with total risk and systematic risk of the firm. It is however found that corporate reputation is insignificant in explaining the unsystematic risk of the firms. Leverage and profitability (the control variables) are also found significant in explaining the risk exposures of the firms.
Journal of Accounting and Finance in Emerging Economies, 2019
Purpose: The basic aim of this study is to investigate how capital structure influences the perfo... more Purpose: The basic aim of this study is to investigate how capital structure influences the performance of firms from textile sector listed at Pakistan Stock Exchange, taking liquidity of the firms as a moderator. Methodology: Data of 30 listed textile firms is taken from their financial statementsfor a period of ten years from 2007 to 2016.Analysis has been conducted using the Ordinary least square (OLS) regression. Two measures of capital structure (debt ratio and debt-to-equity ratio) have been used to find out its impact on three performance measures (return on assets, return on equity, and earnings per share). Findings: The variable, total debt ratio does not have any significant effect on all the three firm performance measures (return on asset, return on equity and earnings per share). Debt-to-equity ratio variable also does not have a significant impact on two firm performance measures (ROA and ROE). It however has a significant, negative impact on EPS. In case of liquidity ...
Sustainability, 2020
This paper explores the impact of institutional pressures on the adoption of environmental manage... more This paper explores the impact of institutional pressures on the adoption of environmental management accounting (EMA). EMA has been recognized as a valuable mechanism to deal with environmental issues. This paper uses institutional theory to explain the drivers of EMA adoption in Pakistan. Data were collected from the manufacturing sector in Pakistan through a questionnaire-based survey. The study concludes that coercive, normative and mimetic pressures have a significant and positive impact on the adoption of EMA.
Journal of Business and Social Review in Emerging Economies, 2019
Web 2.0 technology and social media have paved a new way for the communication for individuals an... more Web 2.0 technology and social media have paved a new way for the communication for individuals and for the businesses of e-commerce firms. This technology has opened the opportunities to introduce new business model which incorporates several social aspects of individuals. As Social Networking Sites are gaining more popularity, these have formed the links between internet consumers and it has become a critical way of getting knowledge for individuals. It has introduced social commerce which is joining of three concepts; e-commerce, web 2.0 and social media. E-commerce firms have started to engage their potential consumers on social media websites for the sake of contacting potential consumers and getting feedback on their products and services. Social Commerce is expanding because of its importance in information sharing. However, emotional support is also considered important factor which is comprised of informational and emotional factors that lead to trust and then ultimately, in...
Journal of Accounting and Finance in Emerging Economies, 2018
The purpose of this study is to estimate the accuracy and authenticity of valuation methods used ... more The purpose of this study is to estimate the accuracy and authenticity of valuation methods used by underwriters to set preliminary offer price. This study uses complete universe of all newly listed companies during 2000 to 2015 on Pakistan Stock Exchange. We analyzed the determinants of the Initial Public Offering (IPOs) by comparing the ex-ante and ex-post characteristics of IPOs firms. Binary logistic model was used for evaluation of variables. Results revealed that underwriters use four different valuation methods to set IPO preliminary offer price namely as dividend discount model (DDM), discounted cash flow method (DCF), peer groups multiple (MULT) and economic valuation method (EVA). This study used Binary Logistic Regression model to estimate the accuracy and authenticity of these valuation methods. Results of this study can help the portfolio managers for constructing their effective portfolio strategies. This study also helps to highly levered firms to get cheaper long ter...
Journal of Accounting and Finance in Emerging Economies, 2018
Purpose: This study has been carried out to find out the relative efficiency of the commercial ba... more Purpose: This study has been carried out to find out the relative efficiency of the commercial banks in Pakistan over a five- year period from 2006 to year 2010 using Frontier Approach of efficiency. The commercial banks included in this research paper are public sector banks, privatized banks, domestic private banks, and foreign banks. In addition to overall efficiency comparison of the commercial banks, this study has also tested the effect of size and ownership structure of the commercial banks in Pakistan on their efficiency. Data/Design/Methodology/Approach: Out of 44 banks, 21 commercial banks have been chosen, which, in terms of deposits, account for about 94 percent of total deposits of the banking sector (Rs.5,124,308 million) as on December, 2010. Secondary data of the banking firms have been gathered from their audited financial statements. Intermediation approach has been used by employing Data Envelopment Analysis. The relative efficiency of the commercial banks has be...
Journal of Accounting and Finance in Emerging Economies, 2018
This study aims to investigate the perceptions of accountants regarding the possible adoption of ... more This study aims to investigate the perceptions of accountants regarding the possible adoption of International Financial Reporting Standards (IFRS) for SMEs in Pakistan. IFRS for SMEs were issued by the IASB in 2009. The adoption of the IFRS for SMEs in Pakistan has been proposed by the Institute of Chartered Accountants of Pakistan (ICAP) and in 2015 the Securities and Exchange Commission of Pakistan (SECP) has approved the adoption of the 'International Financial Reporting Standard for Small and Medium Sized Entities. We conducted seven semi-structured interviews with the chartered accountants based in Multan that were providing accounting and consultancy services to various SMEs. The findings of the research confirmed the reasonable level of awareness among chartered accountants regarding IFRS for SME. Our respondents perceive high-quality comparable financial information as the most significant advantage of applying IFRS for SMEs whereas cost burdens on firms and lack of tra...
Global Social Sciences Review, 2018
This study looks into the potential effect of foreign exchange exposure elasticity (FEEE) on the ... more This study looks into the potential effect of foreign exchange exposure elasticity (FEEE) on the financial distress of non-financial firms from an emerging country (Pakistan) and a developed country (USA) during 2003-2015. It employs mixed methodology in which a comprehensive quantitative analysis is made from the panel data of the sample companies from both countries (Pakistan and USA). Subsequently, views of Chief Finance Officers (CFOs) of different companies are given. Results show that the effect of foreign exchange exposure is not statistically significant on the financial distress of Pakistani firms at contemporaneous level but it has positive significant effect at lagged level. Results also show that at gross exposure level, foreign exchange exposure of US manufacturing firms has a significantly positive effect on their financial distress contemporaneously but not at net market level. In case of US non-manufacturing firms, the foreign exchange exposure elasticity does not im...
Review of Economics and Development Studies, 2018
This study investigates the Efficiency Performance of Takaful and Conventional Insurance Firms of... more This study investigates the Efficiency Performance of Takaful and Conventional Insurance Firms of Pakistan in terms of Cost, Allocative and Technical efficiencies for the period of 2010-2015. Six years panel data of Takaful and listed Conventional Insurance Firms of Pakistan is taken under consideration. The Methodology of Data Envelopment Analysis (DEA) is used in order to estimate efficiencies scores. Furthermore, Tobit Regression Analysis is carried out for determination of the real contributors of efficiencies in Insurance and takaful Industry of Pakistan. In Data Envelopment Analysis, Labor, Total Fixed Assets and Total Equity Capital are used as input variables. Simultaneously, the price variables are used along with input variables such as Price of Labor, Price of Total Fixed Assets and Price of Total Equity Capital. The output variables include Invested Assets, Investment Incomes and Net Premiums. In second Stage Analysis (i.e. Tobit regression), DEA efficiency scores are us...
Journal of Business and Social Review in Emerging Economies, 2020
This paper investigates the impact of various factors associated with the adoption of sustainabil... more This paper investigates the impact of various factors associated with the adoption of sustainability assurance. Our objective is to find out the impact of country-level institutional factors (stakeholder orientation, voice and accountability, rule of law, investors’protection and long-term orientation) on sustainability assurance. Extant literature is scarce at country-level and specifically does not address the impact of cultural-orientation on sustainability assurance. This paper fills the gap and focuses on the cultural dimension (long-term orientation) in addition to other country-level institutional factors. Companies listed on the Sustainability Disclosure Database (http://database.globalreporting.org) constitute the population for this study. We filtered companies of large size from sustainability-sensitive industries which produced GRI-based reports in the year 2017. Our final sample comprised 196 companies from 41 countries. Using linear regression model, our results sugges...
Journal of accounting and finance in emerging economies, Dec 31, 2018
This study has been carried out to find out the relative efficiency of the commercial banks in Pa... more This study has been carried out to find out the relative efficiency of the commercial banks in Pakistan over a five-year period from 2006 to year 2010 using Frontier Approach of efficiency. The commercial banks included in this research paper are public sector banks, privatized banks, domestic private banks, and foreign banks. In addition to overall efficiency comparison of the commercial banks, this study has also tested the effect of size and ownership structure of the commercial banks in Pakistan on their efficiency. Data/Design/Methodology/Approach: Out of 44 banks, 21 commercial banks have been chosen, which, in terms of deposits, account for about 94 percent of total deposits of the banking sector (Rs.5,124,308 million) as on December, 2010. Secondary data of the banking firms have been gathered from their audited financial statements. Intermediation approach has been used by employing Data Envelopment Analysis. The relative efficiency of the commercial banks has been investigated in context of intermediation approach which transforms labor and capital into advances/loans and investments. Originality: This paper is an attempt to find out the relative efficiency of the commercial banks during the mentioned period which lies during the Global Financial Crisis. Its findings would be of great value for every stratum of society including bankers, business community, academicians, and government and of course, the investors.
Journal of Accounting and Finance in Emerging Economies, 2020
The practices of Management Accounting have not been highly adopted in developing countries. But ... more The practices of Management Accounting have not been highly adopted in developing countries. But with increased importance of these practices, firms of developing countries are motivated to adopt MAPs. In this research, MAPs align with increased importance of SMEs have been studied and provide understanding to enhance adoption of MAPs in SMEs. This study outlines the usage of MAPs in Pakistani SMEs; identify the contextual factors that affect the adoption of MAPs by SMEs and lastly explore perceived benefits and problems in adoption of these practices. A mixed methodology was used to collect data. A questionnaire with five categories of MAPs was used to examine the extent of use of MAPs by 100 SMEs of Multan from textile sector. Eight interviews were conducted to identify the factors, benefits and problems. However, the results shows that majority of respondent firms adopt traditional MAPs and other medium sized firms do more focus on contemporary MAPs. The findings of current stud...
Review of Economics and Development Studies, 2019
This study has examined the impact of corporate reputation on risk exposure of the firms listed a... more This study has examined the impact of corporate reputation on risk exposure of the firms listed at Pakistan Stock Exchange (PSX) and rated by Pakistan Credit Rating Agency (PACRA). It has employed firm’s credit ratings as a proxy for corporate reputation. It has covered the time period from 2007-2016 and unbalanced and undated panel regression analysis has been carried out to observe the significance of the relationship among corporate reputation and the firm risk i.e. total risk and its parts (systematic and unsystematic risk). It has been found that corporate reputation has a significant negative relationship with total risk and systematic risk of the firm. It is however found that corporate reputation is insignificant in explaining the unsystematic risk of the firms. Leverage and profitability (the control variables) are also found significant in explaining the risk exposures of the firms.
Journal of Accounting and Finance in Emerging Economies, 2019
Purpose: The basic aim of this study is to investigate how capital structure influences the perfo... more Purpose: The basic aim of this study is to investigate how capital structure influences the performance of firms from textile sector listed at Pakistan Stock Exchange, taking liquidity of the firms as a moderator. Methodology: Data of 30 listed textile firms is taken from their financial statementsfor a period of ten years from 2007 to 2016.Analysis has been conducted using the Ordinary least square (OLS) regression. Two measures of capital structure (debt ratio and debt-to-equity ratio) have been used to find out its impact on three performance measures (return on assets, return on equity, and earnings per share). Findings: The variable, total debt ratio does not have any significant effect on all the three firm performance measures (return on asset, return on equity and earnings per share). Debt-to-equity ratio variable also does not have a significant impact on two firm performance measures (ROA and ROE). It however has a significant, negative impact on EPS. In case of liquidity ...
Sustainability, 2020
This paper explores the impact of institutional pressures on the adoption of environmental manage... more This paper explores the impact of institutional pressures on the adoption of environmental management accounting (EMA). EMA has been recognized as a valuable mechanism to deal with environmental issues. This paper uses institutional theory to explain the drivers of EMA adoption in Pakistan. Data were collected from the manufacturing sector in Pakistan through a questionnaire-based survey. The study concludes that coercive, normative and mimetic pressures have a significant and positive impact on the adoption of EMA.
Journal of Business and Social Review in Emerging Economies, 2019
Web 2.0 technology and social media have paved a new way for the communication for individuals an... more Web 2.0 technology and social media have paved a new way for the communication for individuals and for the businesses of e-commerce firms. This technology has opened the opportunities to introduce new business model which incorporates several social aspects of individuals. As Social Networking Sites are gaining more popularity, these have formed the links between internet consumers and it has become a critical way of getting knowledge for individuals. It has introduced social commerce which is joining of three concepts; e-commerce, web 2.0 and social media. E-commerce firms have started to engage their potential consumers on social media websites for the sake of contacting potential consumers and getting feedback on their products and services. Social Commerce is expanding because of its importance in information sharing. However, emotional support is also considered important factor which is comprised of informational and emotional factors that lead to trust and then ultimately, in...
Journal of Accounting and Finance in Emerging Economies, 2018
The purpose of this study is to estimate the accuracy and authenticity of valuation methods used ... more The purpose of this study is to estimate the accuracy and authenticity of valuation methods used by underwriters to set preliminary offer price. This study uses complete universe of all newly listed companies during 2000 to 2015 on Pakistan Stock Exchange. We analyzed the determinants of the Initial Public Offering (IPOs) by comparing the ex-ante and ex-post characteristics of IPOs firms. Binary logistic model was used for evaluation of variables. Results revealed that underwriters use four different valuation methods to set IPO preliminary offer price namely as dividend discount model (DDM), discounted cash flow method (DCF), peer groups multiple (MULT) and economic valuation method (EVA). This study used Binary Logistic Regression model to estimate the accuracy and authenticity of these valuation methods. Results of this study can help the portfolio managers for constructing their effective portfolio strategies. This study also helps to highly levered firms to get cheaper long ter...
Journal of Accounting and Finance in Emerging Economies, 2018
Purpose: This study has been carried out to find out the relative efficiency of the commercial ba... more Purpose: This study has been carried out to find out the relative efficiency of the commercial banks in Pakistan over a five- year period from 2006 to year 2010 using Frontier Approach of efficiency. The commercial banks included in this research paper are public sector banks, privatized banks, domestic private banks, and foreign banks. In addition to overall efficiency comparison of the commercial banks, this study has also tested the effect of size and ownership structure of the commercial banks in Pakistan on their efficiency. Data/Design/Methodology/Approach: Out of 44 banks, 21 commercial banks have been chosen, which, in terms of deposits, account for about 94 percent of total deposits of the banking sector (Rs.5,124,308 million) as on December, 2010. Secondary data of the banking firms have been gathered from their audited financial statements. Intermediation approach has been used by employing Data Envelopment Analysis. The relative efficiency of the commercial banks has be...
Journal of Accounting and Finance in Emerging Economies, 2018
This study aims to investigate the perceptions of accountants regarding the possible adoption of ... more This study aims to investigate the perceptions of accountants regarding the possible adoption of International Financial Reporting Standards (IFRS) for SMEs in Pakistan. IFRS for SMEs were issued by the IASB in 2009. The adoption of the IFRS for SMEs in Pakistan has been proposed by the Institute of Chartered Accountants of Pakistan (ICAP) and in 2015 the Securities and Exchange Commission of Pakistan (SECP) has approved the adoption of the 'International Financial Reporting Standard for Small and Medium Sized Entities. We conducted seven semi-structured interviews with the chartered accountants based in Multan that were providing accounting and consultancy services to various SMEs. The findings of the research confirmed the reasonable level of awareness among chartered accountants regarding IFRS for SME. Our respondents perceive high-quality comparable financial information as the most significant advantage of applying IFRS for SMEs whereas cost burdens on firms and lack of tra...
Global Social Sciences Review, 2018
This study looks into the potential effect of foreign exchange exposure elasticity (FEEE) on the ... more This study looks into the potential effect of foreign exchange exposure elasticity (FEEE) on the financial distress of non-financial firms from an emerging country (Pakistan) and a developed country (USA) during 2003-2015. It employs mixed methodology in which a comprehensive quantitative analysis is made from the panel data of the sample companies from both countries (Pakistan and USA). Subsequently, views of Chief Finance Officers (CFOs) of different companies are given. Results show that the effect of foreign exchange exposure is not statistically significant on the financial distress of Pakistani firms at contemporaneous level but it has positive significant effect at lagged level. Results also show that at gross exposure level, foreign exchange exposure of US manufacturing firms has a significantly positive effect on their financial distress contemporaneously but not at net market level. In case of US non-manufacturing firms, the foreign exchange exposure elasticity does not im...
Review of Economics and Development Studies, 2018
This study investigates the Efficiency Performance of Takaful and Conventional Insurance Firms of... more This study investigates the Efficiency Performance of Takaful and Conventional Insurance Firms of Pakistan in terms of Cost, Allocative and Technical efficiencies for the period of 2010-2015. Six years panel data of Takaful and listed Conventional Insurance Firms of Pakistan is taken under consideration. The Methodology of Data Envelopment Analysis (DEA) is used in order to estimate efficiencies scores. Furthermore, Tobit Regression Analysis is carried out for determination of the real contributors of efficiencies in Insurance and takaful Industry of Pakistan. In Data Envelopment Analysis, Labor, Total Fixed Assets and Total Equity Capital are used as input variables. Simultaneously, the price variables are used along with input variables such as Price of Labor, Price of Total Fixed Assets and Price of Total Equity Capital. The output variables include Invested Assets, Investment Incomes and Net Premiums. In second Stage Analysis (i.e. Tobit regression), DEA efficiency scores are us...
Journal of Business and Social Review in Emerging Economies, 2020
This paper investigates the impact of various factors associated with the adoption of sustainabil... more This paper investigates the impact of various factors associated with the adoption of sustainability assurance. Our objective is to find out the impact of country-level institutional factors (stakeholder orientation, voice and accountability, rule of law, investors’protection and long-term orientation) on sustainability assurance. Extant literature is scarce at country-level and specifically does not address the impact of cultural-orientation on sustainability assurance. This paper fills the gap and focuses on the cultural dimension (long-term orientation) in addition to other country-level institutional factors. Companies listed on the Sustainability Disclosure Database (http://database.globalreporting.org) constitute the population for this study. We filtered companies of large size from sustainability-sensitive industries which produced GRI-based reports in the year 2017. Our final sample comprised 196 companies from 41 countries. Using linear regression model, our results sugges...