Global Management Sciences Review - GMSR

Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan


Abstract
The current study is unique due to the consideration of firm size that is moderator variable between Institutional Investors and stock market liquidity in Fuel and Energy sector of Pakistan Stock Exchange because majority of the previous studies have been used SZ as a control variable. The secondary panel data of the sample firms for a period of 10 years (2009-2018) have been analyzed through Gretel software while multiple regression and moderation has been applied. The study concludes that SZ, as moderator, has significant role between I.I and ML along with other explanatory variables like Tobin Q ratio (Tob,Q). Therefore, big size I.I has considerable influence over ML as compared to Small or average size I.I. The study recommends that ML can be increased by reducing the undue influence of the large I.I through establishing proper legislation which will safeguard various parties such as small I.I, medium I.I and individual investors in capital markets.

Authors
1-Muhammad Arif
Assistant Professor, Department of Management Sciences, University of Swabi, Anbar, KP, Pakistan.

Keywords
Fuel & Energy, Firm Size, Moderation, PSE, Tobin Q.

DOI Number
10.31703/gmsr.2020(V-II).01

DOI Link
http://dx.doi.org/10.31703/gmsr.2020(V-II).01

Page Nos
1-8

Volume & Issue
V - II

Chinese Interests in Pakistan: A Study in Regional Perspective


Abstract
The present study is an effort to analyze the mode and intensity of Chinese interests in Pakistan. By examining the policy of pursuit in finding another market in the region, the study aims to understand the current warmth of the relationship between China and Pakistan. Although maintaining a perpetually friendly relationship with China has always been a cornerstone of Pakistan’s foreign policy, yet strengthening this relationship into a structured partnership remained a gradual process in the light of their mutual interests. In the politics of international relations, the relationship between countries is a complex interaction of pragmatic national interests, which are multifaceted and could take an alternate course with changing regional and international scenarios. As both Pakistan and China share many common political, economic and strategic interests due to which both are giving their utmost priority to protect their interests related to the other. This paper will investigate the situation where it is commonly believed that China is inevitable by avoiding the vice-versa. No doubt common threats and challenges faced by both the nation is the major cause to unite them in terms of security, political, economic and strategic fronts.

Authors
1-Muhammad Amir
Lecturer, Department of Pakistan Studies Abbottabad University of Science & Technology, Abbottabad, KP, Pakistan.

2-Muhammad Rizwan
Associate Professor, Department of Pakistan Studies Abbottabad University of Science & Technology, Abbottabad, KP, Pakistan.

3-Saira Bano
Lecturer, Department of Pakistan Studies, Hazara University, Mansehra, KP, Pakistan.
Keywords
China, Pakistan, National Interests, Geo-Strategic, CPEC, BRI, Gwadar

DOI Number
10.31703/gmsr.2018(III-I).01

DOI Link
http://dx.doi.org/10.31703/gmsr.2018(III-I).01

Page Nos
1-8

Volume & Issue
III - I

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