International Journal of Business and Economic Affairs

How Does Corporate Governance Shape Investment Efficiency through Quality Financial Reporting in Pakistan

Arshad Javed — 2024-10-10

With a focus on the mediating function of financial reporting quality (FRQ), this study investigates how corporate governance (CG) shapes investment efficiency (IE) of nonfinancial enterprises listed on the Pakistan Stock Exchange (PSX) from 2013 to 2023. Effective CG practices greatly improve IE, according to a study using a sample of 200 enterprises and strong hypothesis testing with the Generalized Method of Moments (GMM) that addresses the issue of endogeneity and unabsorbed heterogeneity. Additionally, the study shows that accurate and transparent financial reporting is crucial for making the best investment decisions and that first-class reporting of financial information plays a crucial mediating role in this relationship. Control factors such as business size, leverage, firm age, and financial slack are incorporated into the research to guarantee thorough results. The findings broaden our understanding by illustrating how FRQ plays a mediating function in the relationship between CG and IE and how CG and FRQ cooperate to enhance IE. CG significantly affects FRQ, and FRQ affects IE. Studies offer useful advice for corporate managers and policymakers.

Nationalism: A Politico-Aesthetic Study of Finnegans Wake

Sajila Karim Khan — 2024-10-15

This research investigates nationalism, especially concerning the Irish identity. Writer has set nationalist ideals in the background of humor, historical references, and complex storytelling. The novel questions the fixed narratives that nationalism often imposes. The novel’s narrative technique and stylistic innovation, mythic references, and looping timeline, invite readers into a world where identities constantly shift and blend. It examines the limitations of national identity and skepticism of the writer regarding national ideals. In light of politico-aesthetic discourse of thinkers like Jacques Rancière, Walter Benjamin, and Herbert Marcuse, this analysis reveals how the novel portrays nationalism as an endless cycle of pride and doubt. This dynamism shapes culture and opens up to reinterpretation and transformation.

The Dual Impact of Digital Currencies on Economy and Environment: Insights into the Role of Monetary Control

Faisal Iqbal — 2024-12-26

Purpose: The rapid development and adoption of digital currencies have significantly transformed the global financial environment. This study, thus, aims to examine how digital currencies (CBDC, cryptocurrency mining, and staking) affect economic performance and contribute to the green economy, with monetary control acting as an intervening mechanism. Design/Methodology/Approach: The research employs a quantitative deductive methodology, collecting data through questionnaires from 438 respondents and utilizing structural equation modelling to empirically evaluate the proposed model. The survey was administered and distributed online, enabling broad access to participants across Pakistan.
Findings: The study finds that CBDC, cryptocurrency mining, and cryptocurrency staking significantly influence monetary control, which positively impacts both economic performance and the green economy. While these digital currencies directly boost economic performance, they do not directly impact the green economy. However, through monetary control, their indirect effects on both outcomes are positive and significant, indicating partial mediation for economic performance and full mediation for the green economy.
Originality/Value: The research contributes to the diffusion of innovation theory in two ways. It provides a thorough analysis of how digital currencies (CBDC, cryptocurrency mining, and cryptocurrency staking) affect economic performance and the green economy, a combination that has been underexplored in prior research. It also introduces the novel concept of monetary control as a mediator, examining its influence on the relationship between digital currencies and their economic and environmental outcomes, an area not previously studied. Recommendation: Central banks should use monetary control to develop policies that optimize the economic benefits of digital currencies like CBDCs while aligning them with environmental objectives. This includes promoting CBDCs for renewable energy funding and enforcing strict environmental standards on cryptocurrency activities to balance economic growth with sustainability.

Integrative Insights into Rational and Intuitive Decision-Making: A PRISMA-Based Systematic Review

Mohammad Daud Ali — 2024-12-26

Decision-making processes integrate both rational and intuitive approaches, crucial across disciplines like management, psychology, and neuroscience. This study systematically reviews 152 eligible studies using PRISMA 2020 methodology, examining key theoretical frameworks. Single-process approaches highlight structured, logical analysis, while dual-process theories differentiate deliberate rationality from intuition. Emerging multidimensional perspectives frame intuition as a complex construct encompassing emotional, experiential, and holistic
mechanisms.The review proposes an integrated framework with 12 dimensions, including analytical, planning, and knowing (rational) alongside emotional, holistic, and anticipatory (intuitive) styles. It also introduces new dimensions such as body impulses, anticipation, unconscious thought processes, and technology-based decisions, bridging gaps in current models. Advanced technologies like AI are reshaping decisionmaking, challenging traditional boundaries between rationality and intuition.This study unites diverse theoretical approaches and provides a foundation for interdisciplinary research and applications. It emphasizes integrating rational and intuitive dimensions to enhance decisionmaking efficiency and adaptability across fields.