Corporate Social Responsibility; Measurement, and its Nexus with Earning’s Management and Corporate Governance Corporate Social Responsibility (CSR) gained the tremendous popularity and considerable attention of the public, academicians, researchers, and policymakers during the last few decades. Firms involve in CSR activities to fulfil the expectations of stakeholders and in order to build healthy relationships with them. However, recent accounting scandals in giants of the business world like Enron, Xerox, and Toshiba etc. exposed the managerial discretion in reporting accounting numbers, which is termed as Earnings’ Management (EM).These scandals have asserted that firm’s insiders mislead the firm’s stakeholders through EM that raised serious questions about the firm’s CSR and CG because financial transparency is vital for firms’ socially responsible behavior and CG is accountable for the credibility of disclosed financial information. A significant part of current debate on CSR has typically focused on its relationship with the financial performance of firms while inadequate little literature is available on CSR and EM relationship. The present research investigates whether firms involvement in CSR is induced by the long-term perspective in order to satisfy their stakeholders oris it used as a strategic shield against managers’ opportunistic behavior such as EM practices (accrual and real) for thedeveloping economy of Pakistan. In addition, it has also taken into consideration the individual impact of the four mechanisms of CG including board structure, audit structure, compensation structure and ownership structure as well as the composite effect of CG by establishing its index on CSR of the firm. Moreover, effective internal audit system in a firm plays an effective role in disseminating more information about CSR activities. A multi-method approach has been applied to measure CSR and established CSR disclosure index and CSR spending ratio. The empirical analysis is done through simultaneous equation system of Two-Stage Least Square (2SLS) method by using a panel data of 160 firms from 2008 to 2015. Overall results demonstrates the bidirectional and negative relationship among CSR and EM which is predominant and supports the long-term perspective. However, a positive relationship is also seen between accrual type of EM and CSR.With reference to CG and CSR relationship, findings reveal that large, diverse and more participative boards with less influence of the dual role of CEO reinforce the board effectiveness.This situation enables the corporate boards to direct the management effectively towards the implementation and execution of CSR activities and their disclosures. Compensation paid to CEO and executive’s personnel encourage them to act to the greatest advantage of not just shareholders but also stakeholders through increased participation in CSR activities and disclosing more information about them. Moreover, effective internal audit system in a firm plays an effective role in disseminating more information about CSR activities. The influence of external block holding, institutional, individual, associated companies, and insider ownership is very much positive on CSR disclosures of the firm. Contrary to this, ownership concentration, CEO and director''s ownership discourage the firm’s involvement in CSR activities. Finally, effective CG prevents the managers from exercising their opportunistic behavior of managing firm’s earnings by exploiting firm’s CSR activities. The current study also propos some implications for diverse stakeholders.
حدیثِ خواب گویم سفر نامے کے بنیادی لوازمات میں سے ایک سفر بھی ہے ۔جب کہ اس میں برتی جانے والی پابندیوں میں سب سے اہم فسوں گری اور مبالغے سے اجتناب ہے۔ یہ لوازمات اور پابندیاں کسی اور ملک کے سفر پر نکلے سفر نامہ نگار کے لیے زیادہ مشکل نہ ہوں مگر سفر اگر مصر کا ہو تو سفر نامہ نگار کے لیے یہ دو دھاری تلوار پر چلنے سے کم نہیں۔ مصری تہذیب کی حقیقت جس قدر مسلمہ ہے اس قدر فسوں آمیز۔ یہاں کے نظارے اس حد تک تحیر آمیز ہیں کہ ان پر بات کرنی اور اس پر تحریر کرتے وقت طلسماتی ارتعاش اور فینتاسی سے خود کو الگ کرنا ممکن ہی نہیں ہوتا۔ فوق الفطری ماحول اور فضا، قصہ در قصہ بنیادی حقیقت اور واقعے کے ساتھ ضمنی کہانیاں ،غیر مرئی حقیقت ،انسانوں کے علاوہ جانوروں اور چرند پرند سے منسلک واقعات، مرکزی کرداروں کی غیر معمولی طاقت اور حیثیت ،معاون کرداروں کی فوجِ ظفر موج، مشکلات، رکاوٹوں کاذکر، مذہبی اور دینی عقاید و تجربات ،آسمانی اور انسانی قوانین کا ذکر اور نفاذ غرض وہ تمام لوازمات جو کسی افسانوی تحریر کے خاصے ہوتے ہیں ، مصر پر لکھے سفر نامے کے بنیادی شرائط و لوازم بن جاتے ہیں۔ ان ہی لوازمات کی وجہ سے سفر نامہ داستان اور فسوں گری کا لبادہ اوڑھ لیتا ہے۔ لکھاری تہذیبی، تاریخی اور ذاتی داخلیت کا شکار ہو جاتا ہے۔ مسافر کے ساتھ بھی اس سفر پر کچھ ایسا ہی ہوا۔ جہاں بھی گیا حقیقتیں، حسین تخیل اور سچائیاں فینتاسی کا روپ دھار لیتیں، چاہے یہ حقیقتیں فراعینِ مصر کی ہوں یا یہ سچائیاں وادیٔ سینا کی طلسماتی فضا کی ہوں جہاں ریب و تکذیب کی گنجائش نہ ہوتے ہوئے بھی میری فکر افسوں اور بالعکس فسوں کے ساتھ ابہام و سحر کی خواب...
Linguists and Muslim jurists have depended heavily on the Arabic language in their researches about Islamic legislation. Their writings show a deep relationship between Islamic commandments and the rules of Arabic grammar. The three chapters of this research present a study of their work syntactically, and analytically to explore the earliest approaches and their various dimensions, and to detect the relationship with the Islamic commandments in the current time. The first chapter is about the role of nouns in deriving the Islamic commandments from the Quranic ayaat. The second chapter discusses the role of various verbs in deriving the Islamic commandments from the Quranic Ayaat. The third chapter is about the role of Arabic letters in deriving Islamic commandments from the Quranic Ayat. This study hopes to help not only the linguists of Arabic language but also the scholars of other related fields.
This study was undertaken to investigate the effectiveness of two instructional methods (i.e. Johnstone’s three-cycle instructional method and traditional instructional method) in the teaching of chemistry. Johnstone conceptualized that if chemistry concepts are made distinct and represented at three levels, are helpful in the meaningful learning. The main objectives of the study were to compare the relative effectiveness of these two instructional methods on the student learning and achievement. This experiment was carried out for the period of twenty two weeks in the chemistry classroom and laboratory of Federal Government Boys Model School F-8/3 Islamabad. Seventy-six science students of class ninth were randomly selected for the experiment. The design conceptualized for the study was the “posttest –only equivalent group design”. The research study had two groups i.e. experimental and control. Both the groups were equalized on the basis of eighth class science achievement scores. Different tools used to collect data were; multitier formative tools and a summative achievement tool. Experimental group was taught through Johnstone’s instructional method and the control group was taught through the traditional instructional method. Formative assessment was also made by the formative assessment tools. The achievement of the students in the chemistry theory and practical was measured by the summative tests called posttest theory and posttest practical. During the study the traditional formative assessments were also administered. The instruments constructed were validated. Data collected were analyzed and given the shape of mean scores. In order to compare the mean scores of the experimental and the control group, t-test was applied. The analysis of the data revealed that Johnstone’s instructional method was more effective than the traditional instructional method because the experimental group performed significantly better than the control group. Important information revealed was that the traditional measures of assessment were not suitable for the assessment of meaningful learning. Qualitative assessment mode was suitable for meaningful learning because these are not meant for the assessment of rote learning. The study demanded that learning and the way of assessment need to be matched. The study emphasized that the examination system of Pakistan needs to be re-evaluated and Johnstone’s instructional method be applied in chemistry classrooms in Pakistan and laboratories need to be improved for effective learning of chemistry.