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Home > Board Gender Composition and Dividend Payouts ? an Empirical Evidence from Pakistan

Board Gender Composition and Dividend Payouts ? an Empirical Evidence from Pakistan

Thesis Info

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Author

Atif Waheed

Institute

Virtual University of Pakistan

Institute Type

Public

City

Lahore

Province

Punjab

Country

Pakistan

Thesis Completing Year

2018

Thesis Completion Status

Completed

Subject

Software Engineering

Language

English

Link

http://vspace.vu.edu.pk/detail.aspx?id=245

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676721005228

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The current thesis studies the gender composition in boardroom and dividend payouts in Pakistan. To check the link between gender composition in boardroom and dividend payouts, we have taken data of companies listed on Pakistan Stock Exchange in non-financial sectors. A sample of non-financial listed companies on Pakistan Stock Exchange?s KSE-100 index is included in the study which represents about ninety percent of the overall market capitalization of all listed companies on stock exchange. Empirical tests include descriptive statistics, regression and correlation models to check the relationship among dividend payouts and board gender diversity. Diversity in the boardroom can lead towards necessary skills and effective decision making and diversified boardrooms comprised of members of board from different gender, social and cultural background. The results of the current study indicated that a negative relationship exists between female in boardroom and dividend payouts. Furthermore, a positive relationship exists between male members in board room and dividend payouts. The current study can provide guidance in corporate governance structure which would ultimately result in economic growth of the country.
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تم بن رہ سکتا ہوں

تم بن رہ سکتا ہوں

میرا دکھ تو میرا دکھ ہے
تیرا دکھ بھی میرا دکھ ہے
دونا دکھ بھی سہہ سکتا ہوں
کب میں تم بن رہ سکتا ہوں

بات مری تم مان بھی جائو
دل کی باتیں جان بھی جائو
تم کو کب کچھ کہہ سکتا ہوں
تم بِن اَب میں رہ سکتا ہوں

عمومی اسباب طلاق اور ان کا حل پاکستانی معاشرے میں

Happy life with chest and purity by the way of NIKAH is based on best marital relationships. If there is no mutual love, affection and complete harmony in the marriage life, then the life of wife and husband become very difficult to maintain. This is one of the key feature of Islam that it has made humans responsible for mutual rights and responsibilities and bound them to follow rules and regulations. By doing so the decent nations of the whole world either Muslims or non-Muslims can achieve countless benefits of the marital status. Therefore, the divorce which the messenger of Allah (peace and blessing of Allah be upon Him) has declared as “Most hated act” in lawful and legitimate acts near the Almighty Allah, must be avoided, even if potential or should be minimized in our society. There are many causes of divorce in our Pakistani society and among the significant lake of proper religious education and guidance, family and domestic disputes, complex judicial system, exchange marriage, negative role of media, adverse effects of cellular phones, improper usage of Internet, extreme and excessive use of social media, second marriage, undue obedience of parents and drug addiction are included. This article not only indicates the significant causes of divorce in Pakistani society but also describes the details of their procurement. If corrective measures are taken for these root causes, there is a high hope that the divorce rate will be clearly reduced.

Formulation Development of Mucoadhesive Drug Delivery System for Milnacipran Hcl Using Design of Experiment Approach

Milnacipran HCl is a potential candidate to treat fibromyalgia associated with or without depression like comorbid conditions. The requirements of multiple dosing, absorption in first part of small intestine and fluctuating steady state plasma concentrations of drug have made it a suitable candidate for gastro-retentive sustained release drug delivery system. The utility of chitosan as mucoadhesive and polycaprolactone as hydrophobic polymer was aimed for creation of this matrix delivery system. Modified hot melt granulation with addition of second polymeric solution was opted for preparing optimized blends of acetaminophen. Modified wet granulation technique was utilized to prepare blends of milnacipran with different ratios of polymers. The optimized solutions for formulations containing blends of three polymers and drug with two solvents, i.e., dichloromethane and chloroform was optimized using design of experiment. A simple and sensitive colorimetric method for estimation of milnacipran was developed with ninhydrin to properly estimate drug from dissolution samples at 570 nm wavelength. The optimized blends were characterized for mucoadhesive time and strength using tensiometer, drug release analysis opting HCl buffer pH 1.2 for 12 h, kinetics of drug release and drug excipient compatibility analysis by utilizing FTIR and DSC. The optimized formulations M21-M24 were compared against reference formulation specifications for similarity index (f1 and f2). The optimized formulations were also scaled down containing 30 mg of drug according to weight of animals and were characterized for release parameters, i.e., the time to release certain percentage of drug (T10%-T90%). Different pharmacokinetic parameters were evaluated for M44 formulation using both non-compartment and two compartment model approaches. The best correlation (R2) values of 1 were observed with non-compartment model so parameters calculated were used to establish in-vitro in-vivo II correlation after estimating fractions of milnacipran absorbed/unabsorbed and time to absorb specific concentration of milnacipran using Wagner-Nelson method. The developed analytical method proved sensitive and precise with LOD and LOQ values of 0.55 and 1.667 μg/ml, respectively. Mucoadhesive strength was found as 201.06±16.8 dynes for different formulations with more than 12 h of adhesion time. Drug release studies showed release independent of concentration and was best described by Korsmeyer-Peppas model representing swelling controlled system. The n values of 0.5-0.7 showed dependency of release on both dissolution and diffusion mechanism. There were only physical interactions observed at various positions of IR spectrum with functional groups of polymers and drug were found intact. Thermal studies revealed that milnacipran has sharp melting point of 179.85℃ which was lowered to round about 154.30℃ due to covalent and ionic interactions required to form true blend with polymers. M24 formulation proved best on similarity parameters, i.e., f1=6.09, and f2=72.46, representing true similarity. Cmax, Tmax, and AUC0-∞ calculated for M54 were markedly found different from oral solution (P˂0.05) proving sustained delivery of milnacipran from the formulation blends. Bioavailability of M54 formulation was three fold improved as compared to solution. Level A correlation was established by comparing the above parameters and found R2 were 0.992, 0.9831 and 0.9998. The above results proved that milnacipran might be formulated as mucoadhesive DDS using three polymers opting design of experiment approach and evidenced best on IVIVC. III