Papers by Dr. Ehsan ul Hassan
The purpose of study is to assess the effect of social networking sites on students' academi... more The purpose of study is to assess the effect of social networking sites on students' academic performance and student's behavior. The variables that determine the use of social networking sites as the independent variable and the dependent variables are students' academic performance and student's behavior. The population of this research was the university students of twin cities Rawalpindi and Islamabad (Pakistan). The data was collected through questionnaires, and sample size was 300. The data were collected from both public and private universities. The questionnaire contains the four sections. The first section and the second section contains the general questions about the social networking sites, the third part of questionnaire assess students 'academic performance and the last one is used to assess students' behavior. SPSS was used for the analysis of descriptive statistics and in AMOS structural equation modeling was used to test hypotheses of ...
Indian-Pacific Journal of Accounting and Finance
In corporate finance, the early prediction of financial distress is considered more important as ... more In corporate finance, the early prediction of financial distress is considered more important as another occurrence of business risks. The study presents a review of literature for early prediction of financial bankruptcy. It contributes to the formation of a systematic review of the literature regarding previous studies done in the field of bankruptcy. It addresses two most commonly used financial distress prediction models, i.e. multivariate discriminant analysis and logit. Models are discussed with their advantages and disadvantages. After methodological review, it seems that logit regression model (LRM) is more advantageous than multivariate discriminant analysis (MDA) for better prediction of financial bankruptcy. However, accurate prediction of bankruptcy is beneficial to improve the regulation of companies, to form policies for companies and to take any precautionary measures if any crisis is about to come in future.
Information Management and Business Review
Merger and Acquisition is a strategy adopted by the organizations globally to meet the needs of d... more Merger and Acquisition is a strategy adopted by the organizations globally to meet the needs of dynamic business environment. This strategy also has much importance in Pakistan mostly in banking sector. Therefore, the objective of the study is to assess the impact of M&A on the financial performance of banks in Pakistan. The accounting and financial data of 10 banks were used in this study. Data was taken from the financial statement analysis (FSA) by State Bank of Pakistan from the period of 20062011. For the analysis of pre and post Merger and Acquisition performance 15 financial ratios were used in the study. To compare the results Paired sample t-Test was used to measure the significant difference between pre and post M&A financial performance. The overall results show that there is no significant difference in financial performance. It is concluded that there is insignificant difference between pre and post M&A performance of banks in Pakistan.
International Review of Management and Business Research
Financial distress is a debatable issue among the researchers especially in developing economies.... more Financial distress is a debatable issue among the researchers especially in developing economies. This study investigates the significant financial indicators for five manufacturing sectors listed on Pakistan Stock Exchange (PSX). Sample consists of 35 bankrupt and 156 non-bankrupt companies from textile, cement, sugar, technology and communication and power generation and distribution sectors. Study uses two data sets from 2005 to 2013 for estimation sample and 2014 to 2016 for holdout sample. Logistic regression analysis comprises of sixteen financial ratios under respective indicators i.e. profitability, liquidity, leverage, asset efficiency and size. Findings of the study reveal six significant financial ratios for each indicator i.e. return on equity (ROE), quick ratio, current ratio, shareholder's equity to total assets, sales to current assets and natural log of total assets. Results show overall model accuracy of 89.6 percent for estimation sample while 92.2 percent for holdout sample which indicates model consistency with better financial distress prediction power in the context of Pakistan.
World Applied Sciences Journal
Financial theories support the efficient market hypothesis, which assumes that prices are fair in... more Financial theories support the efficient market hypothesis, which assumes that prices are fair in the market and investors behave rationally while taking any investment decision. Individual Investors of the stock market are therefore thought to take rational decisions while making judgments and investment decisions. However, a lot of studies on behavioral finance have criticized the phenomenon of market efficiency and investor’s rationality. The empirical evidences of these studies conclude the involvement of behavioral biases and psychological impacts on investor’s judgments and decision making. Keeping this in mind the present study has focused on studying the impact of affect heuristic, fear and anger on individual investor’s judgments and decision making. Overall discussion concludes the presence of behavioral biases in decision making process of investors. Keywords: Affect Heuristic, Fear, Anger, Investment Decision Making, Behavioral Aspects
ABSTRACT Behavioral finance shows the impact of psychology on the behavior of individuals and is ... more ABSTRACT Behavioral finance shows the impact of psychology on the behavior of individuals and is important to study because it shows the main factors behind market inefficiency. Individual investors of the stock market are therefore thought to take rational decisions while making judgments and investment decisions. The empirical evidences of previous studies conclude the involvement of behavioral biases and Psychological impacts on investor’s judgments and decision making that leads investors towards irrational decision making. Overall discussion in previous studies concludes the presence of behavioral biases in decision making process of investors. All the previous literature that is available has concluded contradictory results so far on the impact of fear and anger on individual investor’s judgment and decision making. Keeping this in mind the present study has focused on exploring the real impact of Affect heuristic, fear and anger on individual investor’s judgments and decision making considering the present scenario in Pakistan. The population of present study was the individual investors trading all over the three stock exchanges of Pakistan. A survey method was conducted with thirty four items to gather the data from 270 investors investing in Islamabad Stock Exchange. Confirmatory Factor Analysis is used to measure the validity of three determinants of individual investor investment decision making. Further work is needed to find out the impact of other type of behavioral biases, personal moods and different personality traits to find out how they can change the relationships between different types of behavioral biases and investors decisions. Key words: Affect Heuristic, Fear, Anger, Investment Decision making, Behavioral Aspects
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Papers by Dr. Ehsan ul Hassan