December 2015

Impact of compensation incentives on corporate cash holdings: Evidence from non-financial listed companies at Karachi Stock Exchange

This study examined the relationships between corporate cash holdings (corporate liquidity policy) and compensation incentives, offered by Karachi Stock Exchange listed non-financial companies, to their CEOs, Directors and Executives, keeping in view the managerial shareholding of the firm, levered capital structure and firm size. The regression results suggested that the CEO Compensation and Executive Compensation have...

Author(s): Khalil-Ur-Rehman Wahla, Syed Zulfiqar Ali Shah and Iftikhar Mehboob

December 2015

Facebook from socializing to advertising: An empirical study on the effect of Facebook as an advertising tool in Egypt

This research aims to investigate if Facebook has a significant effect as a tool of advertising in Egypt and to present to marketers practical trends to use in order to close this gap of the missing formula. Quantitative approach based on an online survey of 400 Facebook users from Cairo and Alexandria governorates was used in this work. To achieve the research objectives, descriptive analysis was used to test the data,...

Author(s): Azer Jaylan

December 2015

Application of vector auto regressive analysis on financial sector and economic growth in Ethiopia

The direction of causality between financial sector and economic growth has remained contentious in Ethiopia. This study investigated their linkage for the period of 1980 to 2014. Granger causality test revealed the existence causality that runs from financial sector to economic growth and not the vis-a-versa, while Johnson cointegration analysis confirmed the existence of long-run relationship between financial sector,...

Author(s): Gutu Tesso