Publications Volume: 3 | No. 1 | April, 2016

Editorial

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Dear Readers,

Once again it’s a pleasure to bring you the latest issue of Sukkur-IBA Journal of Management and Business (SIJMB). Following our editorial policy, this issue contains double blind peer-reviewed articles which address key business, management and economic issues pertaining to both national and international levels. The continued efforts of our editorial team and reviewers have enabled SIJMB to present you the high quality research work based on the innovation, originality and contemporary issues in the core areas, but not limited to business, management and economics. SIJMB follows continuous improvement policy, and I thank all the stakeholders who have been the part of it. Moreover, SIJMB has continued its open access policy in order to reach larger audience and wider dissemination of published work.

While not forgetting that the SIJMB has an institutional association with Sukkur Institute of Business Administration. In fact, the initiation of SIJMB is an outcome of strong research orientation followed by the institute and I am grateful for continuous institutional support in this regard. In addition, the SIJMB provides valuable platform for national and international researchers and publishes their research findings and disseminates it to the largest stakeholders. The journal charges no any fees and also provides complimentary copy (in hard form) to each author also the supplement copies of the journal distributed to HEI and R&D institutions of the country. The journal has been archived by world’s renowned scientific repositories. Journal has received recognition from several research agencies, universities and renowned professors. In coming years, the journal aims to improve its current state by attracting more national and international researchers in the field of business, management and economics.

On behalf of the SIJMB, I welcome submissions for the upcoming issues of the journal and looking forward to receive your valuable feedback.

Dr. Khalid Ahmed
Editor-in-Chief

Does Diversification towards Oilseeds Production reduce the Import burden in Pakistan?

Asif Ali Abro1

PhD Scholar at Department of Economics, University of Karachi, Pakistan
aliasifabro15@gmail.com

Zeeshan Atique2

Assistant Professor at Department of Economics, University of Karachi, Pakistan
zatique@uok.edu.pk

Iqbal Ahmed Panhwar3

Professor of Management Sciences, Bahria University, Karachi Pakistan
iqbalahmed14@hotmail.com

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Agriculture, constitutes a large segment of Pakistan’s economy, is facing problems in the production of oilseed crops. The situation is getting bad to worse due to increase in population and demand of oilseeds has increased from 1.298 million tons to 3.069 million tons during the last thirty three years with the same local production capacity. During 2013-14, the local oilseed production comprised of 17.9 percent of the total consumption, while the remaining 82.1 percent of the demand was fulfilled through import. The Ordinary Least Square (OLS) technique is applied to examine the impact of different factors on the IHVC in Pakistan. The regression coefficient of import of oilseeds showed a negative and highly significant impact which indicated that huge import of oilseeds badly affects the public exchequer. The regression coefficient of number of tube wells, availability of credit and farm machinery (tractor) showed a positive and significant impact on IHVC. The regression coefficient of local production of oilseed crops showed a positive and significant impact, it showed that increasing the area for production of oilseeds enhanced the contribution of high value crops in GDP resultantly reduce the import burden.

The Impact of Organizational Culture Types on the Job Satisfaction of Employees

Maham Fatima1

MS Scholar at Quaid-i-Azam School of Management Sciences, Quaid-i-Azam University Islamabad
maham.fatyma@gmail.com

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The study focused on investigating the impact of organizational culture types on the job satisfaction of employees. The study was based on four cultural types named as clan, adhocracy, market, and hierarchy culture. The empirical investigation was conducted by data collection from 11 organizations of Rawalpindi and Islamabad with the help of questionnaire based on five points Likert scale. The famous organizational culture model adopted from research of (S. K. Cameron, & Freeman, J. S., 1991) which incorporated clan, adhocracy, market and hierarchy cultures were utilized to test hypotheses against job satisfaction. The study was based on collection of data from entrepreneurial organizations and it was interesting to note that all the four type of cultures were prevailing in the same nature of the organizations. The study was conducted in order to cater with the discrepancies found in the literature. The Asian cultural studies depict contradictory phenomena as compared to the Western studies and this study added to the literature by showing that being Asian country the results match with the studies conducted in Western settings. The study suggests that culture types strongly impact the job satisfaction of employees. Employees working under clan and adhocracy culture were satisfied with their jobs. While those working under hierarchy and market cultures were dissatisfied with their jobs. The findings of the study are not just significant for academic purposes but are also critical for managers in determining the employee job satisfaction.

Sustainable Soil Management Practices: Adoption and Its Impact on Farm Income in Ramechhap District, Nepal

Rishi Ram Kattel1

Assistant Professor, Department of Agricultural Economics and Agribusiness Management, Agriculture and Forestry University, Rampur, Chitwan, Nepal
rishikattel@gmail.com

Suraj Acharya2

Department of Agricultural Economics and Agribusiness Management, Agriculture and Forestry University, Rampur, Chitwan, Nepal
acharyasuraz01@gmail.com

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This study was carried out to assess the impact of sustainable soil management (SSM) practices in relation to technology adoption and farm income in Ramechhap district of Nepal in 2015. Total 120 sample households were taken (60 SSM practices adopters and 60 non-adopters) using random sampling technique. Primary data were collected through face-to-face interview, focus group discussion, direct observation and key informant interview to gauge the impact using with-without SSM project intervention approach. Descriptive statistics along with independent t-test, chi square test, Probit and income function multi-regression models were used for data analysis. From the cost-benefit analysis, in tomato production, all the variables were found to be significantly different except cost of planting materials. The gross margin, gross income and B: C ratio were also found to be significantly different in tomato production by SSM practices adoption. In beans, potato and cauliflower production, most of the variables were found to be significantly different. The results revealed that, farm income was higher in adopters by significant margin whereas the income from services and remittance was higher in non-adopters than adopters. Probit model revealed that type of family and trainings received were found statistically and positively significant on SSM practices adoption whereas education of household head had negative impact. Income function multi-regression model showed that SSM adoption, male of the respondent, education of the household head and farm size have positively significant on farm income whereas nuclear family type was negatively determinate on farm income. Among the variables, SSM practices adoption was major determinate factor on farm income. If farmer adopted SSM practices, farm income would be about 198 percent higher than among non-adopters. SSM technology has identified an environmentally friendly and improved rural farmers’ income in a sustainable manner in Nepal.

Role of Social Networks, Emotional Intelligence and Psychosocial characteristics in developing Entrepreneurial Intentions of Students

Fatima Javed1

MS Scholar at National Defence University
fatimaj92@hotmail.com

Rebecca Ali2

MS Scholar at National Defence University, Pakistan
rebeccaali912@hotmail.com

Ariba Hamid3

MS Scholar at National Defence University, Pakistan
ariba.hamid@gmail.com

Madeeha Shahid3

MS Scholar at National Defence University, Pakistan
madeeha.shahid@gmail.com

Khadija Kulosoom3

MS Scholar at National Defence University, Pakistan
venerable_k@hotmail.com

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In today’s world the term “Entrepreneurship” is garnering great attention as it leads to value creation and help the countries on their journey towards achieving economic prosperity. Yet, to date the research determining the combined impact of various environmental, emotional and psycho-social factors on entrepreneurial intentions is scarce. This study examines how the perception of backing and assistance received by social networks; personal as well as professional shape entrepreneurial intentions. Current study explores the mediating role of a cognitive factor that is self-efficacy and a direct relation of a psycho-social factor that is self-esteem on entrepreneurial intention. With a sample of 192 students the model was tested using multiple regression analysis. The findings reveal that social networks and emotional intelligence has a significant role in determining entrepreneurial intentions. Self-efficacy was found to mediate both the relations, while the relation between positive self-esteem and entrepreneurial intention could not be proved. The study creates useful suggestions and awareness for the academic domain as well as policy makers in this region.

Co-Integration between Stock Prices and Exchange Rate of Selected SAARC Countries: An Empirical Study

Sumaira Channa1

MS Scholar, Department of Business Administration, Sukkur Institute of Business Administration
sumaira.channa@hotmail.com

Pervaiz Ahmed Memon2

Assistant Professor, Department of Business Administration, Sukkur Institute of Business Administration
pervaiz@iba-suk.edu.pk

Muhammad Ramzan Kalhoro3

Research Assistant, Office of Research, Innovation & Commercialization – ORIC, Sukkur Institute of Business Administration
ramzan.kalhoro@iba-suk.edu.pk

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This study examines the relationship between stock prices and exchange rates of three selected SAARC countries including Pakistan, India and Srilanka; using monthly data from period of January 1999 to December 2015. This study employs statistical techniques of Augmented Dickey Fuller (ADF), Phillips Perron (PP), unit root tests, and Johansen’s Co-integration test to determine long run equilibrium association ship between stock price indices and exchange rates. The study finds out no Co-integration between the two variables, hence no long run association is existing between them. This finding implies that investors in these markets are having more opportunities for diversifying their portfolios. However, using Granger Causality and impulse response tests, it finds significant short-run feedback effects, as stock prices Granger cause exchange rates in case of Pakistan and unidirectional causality flows from exchange rates to stock prices in case of Srilanka but no proof of causality running in either direction in case of India. Hence the findings for Pakistan and Srilanka have crucial policy implications.