https://ojs.umt.edu.pk/index.php/jfar <div class="row" style="text-align: justify;">The Journal of Finance and Accounting Research (JFAR) is a multidisciplinary international journal of the Department of Banking and Finance, Dr Hasan Murad School of Management (HSM), University of Management and Technology (UMT), Lahore, Pakistan. JFAR is committed to publishing high-quality studies in finance and related fields and is widely circulated, both nationally and internationally.&nbsp;Accounting, Finance &amp; Auditing are seen as essential components for the successful implementation of market-based development policies supporting economic liberalization in the rapidly emerging economies. JFAR publishes research articles and reviews within the whole field of&nbsp; Accounting, and it will continue to provide information on the latest trends and developments in this ever-expanding subject.</div> en-US <p style="text-align: justify;">JFAR follows an open-access publishing policy and full text of all articles is available free, immediately upon acceptance. Articles are published and distributed under the terms of the <a href="https://creativecommons.org/licenses/by/4.0/">Creative Commons Attribution 4.0</a> International License.&nbsp;Thus, work submitted to UMT Journals implies that it is original, unpublished work of the authors; neither published previously nor accepted/under consideration for publication elsewhere.&nbsp;On acceptance of a manuscript for publication, a corresponding author on the behalf of all co-authors of the manuscript will sign and submit a completed&nbsp;<a href="https://ojs.umt.edu.pk/index.php/jfar/libraryFiles/downloadPublic/19">Author Consent, Copyright, and Declaration Form.</a></p> [email protected] (Editorial Office JFAR) [email protected] (Editorial Assistant) Tue, 24 Dec 2024 00:00:00 +0000 OJS 3.1.1.4 http://blogs.law.harvard.edu/tech/rss 60 https://ojs.umt.edu.pk/index.php/jfar/article/view/1905 <p>This paper presents a panel data study of microfinance banks in Pakistan. The data includes a random sample of financial statements from 8 microfinance banks over the period from 2011-2015, totaling 40 firm year observations. The study aims to evaluate the effect of government interventions on these microfinance banks and brings up a statistically critical assessment of various government policies applied to the sector. To quantify the effects of government intervention, panel data analysis is conducted. For a better selection of model, the Hausman’s specification test is employed. The random effect model was found suitable for analysis. Using statistical tools, this paper investigates the causal effect of government regulations, government grants, market size, and governmental audits on the profit ratios of microfinance institutes. This is one of the few studies that investigates the impacts of the small and medium sized government policies on microfinance bank from inception of these policies. By analyzing the period during which these policies were first implemented, the study provides a clear and direct picture of the relationship between governmental policy and SME entities. Taking a snapshot of the impacts in the beginning provides undiluted results that are not confounded by other environmental and regulatory effects. The results show that most of the variables used in the study, such as market size and number of audits are significantly related, while government grants have an insignificant relationship with the performance of microfinance banks. The study makes a significant contribution by demonstrating that government policies and grants have limited impact on SME performance and should be reevaluated, while they should rely more on audits.</p> Amina Rizwan, Talha Zubair Ahmad Khan, Rubeena Tashfeen ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 https://ojs.umt.edu.pk/index.php/jfar/article/view/1905 Fri, 04 Oct 2024 00:00:00 +0000 https://ojs.umt.edu.pk/index.php/jfar/article/view/1949 <p>The current study attempts to address the role of dynamic innovation capabilities, along with innovative work behavior of managerial employees, to explain banking performance in Pakistan. Furthermore, it also examines the moderating role of innovative work behavior. For testing the set of proposed hypotheses, the data was collected from 413 participants working at managerial positions in different banks across Pakistan. The study employed Structural Equation Modeling (SEM) to achieve the research objectives. The results revealed internal and external reliability and validity along with a statically fit model. It was found that innovation capabilities, especially organizational innovation and process innovation, along with managerial innovation behavior have a strong optimistic effect on banks’ performance in Pakistan. Furthermore, innovative work performance strongly moderates the impact of dynamic innovation capabilities on banking performance in Pakistan. The study has managerial and practical implications for policymakers, leaders, higher management, and decision-makers in the banking sector of Pakistan. Furthermore, limitations and suggestions for future research are also incorporated.</p> Zahid Bashir, Maryam Ashraf, Hina Arif ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 https://ojs.umt.edu.pk/index.php/jfar/article/view/1949 Thu, 12 Dec 2024 00:00:00 +0000