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Impact of Behavioral Elements on Investment Decisions of Financial Managers An empirical Investigation From Financial Sector of Pakistan

Thesis Info

Author

Muhammad Ihsaan

Department

Department of Management Sciences

Program

Mphil

Institute

National University of Modern Languages

Institute Type

Public

City

Islamabad

Province

Islamabad

Country

Pakistan

Thesis Completing Year

2015

Subject

Management Sciences

Language

English

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676728791777

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The most crucial stage in the life of financial managers is to take investment decisions. So it is important to understand all the factors necessary for making investment decisions. With the advent of behavioral finance it becomes compulsory to study behaviors of investors and the financial managers. Behavior has great impact on investment decisions. The behavioral elements like risk averse attitude, corporate governance effect, use of financial measurement tools and the heuristics need to study. The aim of the study is to find the influence of these behavioral elements on investment decisions of financial managers. The financial sector of Pakistan was our population and the target was financial institutions like investment firms, insurance companies, banks and individual investors. A sample of 200 financial managers was taken. For the data analysis purpose, first of all descriptive statistics was used to calculate the basic characteristics of the data in summarized form. The reliability was checked through Cronbach's Alpha test. The relationship of the variables was assessed by Pearson correlation method. The results were significant and the variables were highly correlated. The significance results clearly defined the significant changes in dependent variable. The null hypothesis is rejected. So this study concluded that there is strong and positive impact of behavioral elements. In spite of various sophisticated financial measuring tools these behavioral elements have great importance for financial decision making. The study is helpful for investor especially taking financial decision and managing portfolios of financial assets.
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صحت مند رویے صحت مند معاشرہ

صحت مند رویّے صحت مند معاشرہ
نحمدہ و نصلی علی رسولہ الکریم امّا بعد فاعوذ بااللہ من الشیطن الرجیم
بسم اللہ الرحمن الرحیم
صدر ِمحترم اور معزز سامعین! آج مجھے جس موضوع پر اظہار خیال کرنا ہے وہ ہے:’’صحت مند رویے صحت مند معاشرہ‘‘
جنابِ صدر!
ہر ایک کی خواہش ہوتی ہے کہ وہ ایک معیاری زندگی گزارے، ایسی زندگی جس میں مسرتوں اور خوشیوں کے سوا اور کچھ نہ ہو، ایسی زندگی جو پریشانیوں اور مصیبتوں سے کوسوں دور ہو، ایسی زندگی جس میں انسان کے محبت اور پیار کا وافر سامان موجود ہو، ایسی زندگی جس کو دیکھ کر رشک کیا جائے۔
صدرِمحترم!
اس خواہش کی تکمیل کے لیے کئی خواہشات کی قربانی دینا پڑے گی، بے جا نمودونمائش کو چھوڑنا پڑے گا، ریا کاری، تصنع ، بناوٹ اور تفوق کے خیالات کو دل سے نکالنا ہوگا، حسد، بغض ،نفرت جیسی غیر اخلاقی بیماریوں سے کنارہ کشی اختیارکرنا ہوگی، بُخل، اسراف او ر ظلم و جبر جیسے تصورات اور نظریات کے عفریت کو کچلنا ہوگا۔
جنابِ صدر!
صحت مند رویے ہی صحت مند معاشرے کے قیام کا باعث ہوتے ہیں، صحت مند افراد صحت مند رویوں کا باعث ہوتے ہیں ، حدیث نبویؐ ہے کہ’’ صحت مند دماغ صحت مند جسم میں ہوتا ہے ‘‘ صحت درست ہوگی تو دماغ درست ہوگا، دماغ درست ہوگا تو خیالات درست ہوں گے سوچ مثبت ہوگی ، سوچ مثبت ہوگی تو معاشی اور معاشرتی غرض سے بنائے گئے منصوبے نافع ہوں گے۔
والسلام

اللسانيات والصوتيات الجنائية

الملخص: هدف هذا البحث للتعرف على أهمية اللسانيات والصوتيات الجنائية، واشتمل البحث على مبحثين، تناول الأول التعريف باللسانيات الجنائية ومجالاتها، واستعرض الثاني أهمية الصوتيات الجنائية وأهميتها في الإثبات الجنائي. استخدمت الباحثة المنهج الوصفي وتوصل البحث إلى النتائج، أهمها، أن اللغة متعلقة بالعلوم الإنسانية، والعلوم القانونية ومنها (الجنائية) أقرب العلوم الإنسانية والاجتماعية باللسانيات. وأن علم اللسانيات الجنائي، يقصد به الاحتكام إلى اللغة والاستعانة بها باعتبارها وسيلة من وسائل إثبات تهمة ما أو نفيها. ويشمل علم اللسانيات الجنائية مجالات متعددة، تساعد في الكشف عن بعض الجرائم، وتساعد في نفي أو إثبات الأدلة. واللسانيات الجنائية مثلها مثل التخصصات الاجتماعية الأخرى، لها مصطلحاتها ولها طبيعتها وفي نفس الوقت أدى إلزامها لبقية أفراد المجتمع فلابد أن تكون مفهومة لهم، فمصطلحاتها خارج الحلقة الطبيعية لدائرة المفاهيم المتعارف عليها في علوم اللغة الأم بين أفراد نفس المجتمع اللغوي. وعلى عالم اللغة الجنائي أن يلم في ظواهر الدراسات اللغوية، وملامح استخدامات اللغة وتراكيبها. ويتركز اهتمام الصوتيات الجنائية على الجوانب الصوتية للكلام التي يمكن أن تستخدم كدليل جنائي.

Study on Glucan Producing Potential of Members of Oral Viridans Streptococci

Viridans group streptococci (VGS), normal inhabitant of oral cavity, are involved in a number of oral and extra-oral diseases. Among oral diseases, dental caries is the most common public health problem throughout the world. The cariogenicity of oral streptococci is attributed to their acidogenic potential and glucan (extracellular polysaccharide) production. For the study, 552 subjects were selected at random from different localities of Karachi, Pakistan. The subjects were categorized as carious (29.5%, 163) and non-carious (70.5%, 389) with respect to prevalence of dental caries. The carious and non-carious subjects were further categorized with respect to sex and sociodemographic characteristics i.e. age (<20, 21-40, 41-60, 61-80 and 81-100 years), socioeconomic status (SES) based on monthly income (low, middle and high), marital status (married and unmarried), dietary habits [daily consumption of vegetable, meat, fruit, mixed diet (vegetable and meat), milk and milk products], use of tobacco products, use of betel quid products, chewing habits, use of tea and oral hygiene practices. Overall, the prevalence of dental caries was found higher in males (58.9%, 96/163) as compared to females (41.1%, 67/163). The same higher trend of prevalence of dental caries was observed for all categories with respect to sociodemographic characteristics except age where prevalence of dental caries was higher in female of 61-80 years age group. In the present study, 525 isolates belonging to 09 different species of VGS were obtained from oral cavity of 552 subjects. Streptococcus anginosus was the most abundant (53.5%) followed by S. mutans (14.5%), S. mitis (11.4%), S. uberis (6.5%), S. intermedius (4.6%), S. sanguinis (3.8%), S. oralis (3.4%), S. salivarius (1.3%) and S. acidominimus (1%). A preliminary screening to determine the glucan producing potential of all isolates of VGS was performed. Out of 525 isolates, 41.5% were glucan producers while 58.5% were glucan non-producers. Species-wise comparison revealed the highest frequency of S. mutans (80.3%) exhibiting glucan producing potential followed by S. oralis (61.1%), S. intermedius (50%), S. anginosus (36.7%), S. mitis (35%) and S. salivarius (14.9%). None of the isolates of S. uberis and S. acidominimus showed the ability to produce glucan. The frequency of isolates having glucan producing potential was observed higher from carious subjects (46.3%) as compared to non-carious subjects (39.1%). Whereas, species-wise distribution of isolates indicated that the prominent glucan producing species were S. sanguinis (100%, 3/3) and S. mutans (76%, 22/29) from carious and S. mutans (83%, 39/47) from non-carious subjects. The glucan producing potential of VGS was also estimated quantitatively. S. sanguinis produced largest quantity (276.2 mg mean, 206.2-324.6 range) followed by S. mutans (143.5 mg mean, 43.5-521.1 range). The antibiotic susceptibility pattern of 525 isolates of VGS was also evaluated against 24 antibiotics viz., penicillin, amoxicillin, cephalothin, cefazolin, cefotaxime, ceftazidime, imipenem, chloramphenicol, clindamycin, trimethoprim, azithromycin, erythromycin, clarithromycin, ciprofloxacin, levofloxacin, doxycycline, tetracycline, gentamicin, streptomycin, tobramycin, teicoplanin, vancomycin, rifampin and linezolid. The highest incidence of resistance (48.4%) was observed against erythromycin. Overall, 39.2% isolates were susceptible to all the antibiotics used for the study. The emergence of multi-drug resistance (MDR) was noted among remaining 60.8% isolates. The resistance rate was observed as 5.5% isolatesresistant to 1 antibiotic, 4% isolates to 2 antibiotics, 6.3% to 3, 3.2% to 4, 2.5% to 5, 5% to 6, 2.9% to 7, 2% to 8, 4.2% to 9, 1.7% to 10, 2.1% each to 11 and 16, 2.7% to 12, 6% to 13, 2.9% to 14, 4% to 15, 2% to 17, 0.4% each to 18, 21 and 24, 0.8% to 19 and 0.2% to 20 antibiotics. In the present study, the in vitro antibacterial activities of oil, aqueous infusion and aqueous decoction of clove buds (Eugenia caryophyllata) and aqueous infusion and aqueous decoction of miswak (Salvadora persica) were determined against isolates having glucan producing potential viz., S. anginosus (19), S. mutans (10), S. mitis (14), S. intermedius (10), S. sanguinis (10), S. oralis (10) and S. salivarius (07). The highest antibacterial activity was noted for clove oil as all the isolates were found susceptible. It exhibited strong antibacterial activity against S. mutans (20.2mm mean zone of inhibition±3.4SD) from carious subjects and S. sanguinis (17.7mm mean zone of inhibition ±1.1SD) from non-carious subjects. The aqueous decoction of clove buds exhibited the highest zone of inhibition against S. mutans obtained from carious subjects (16.8mm±3.4SD) followed by non-carious subjects (14.3mm±2.3SD). The aqueous infusion of clove buds showed the highest zone of inhibition against S. mutans isolated from carious (13.2mm±3.2SD) and non-carious (13.6mm±4.2SD) subjects. Aqueous infusion and aqueous decoction of miswak failed to inhibit the tested VGS. The MICs and MBCs of the clove oil, aqueous infusion and decoction of buds of clove against VGS was recorded as 5 – 0.625%, 5% and 5 – 2.5%, respectively. The effect of clove oil and aqueous infusion of miswak was also evaluated on glucan production. The VGS isolates producing large amount of glucan were selected for the study. The effects of different concentrations of clove oil (0.5%, 0.25%, 0.125%, 0.0625% and 0.0313%) and aqueous infusion of miswak (10%, 8%, 5%, 2.5%, 1.25% and 0.5%) was assessed for the synthesis of glucan. The different concentrations of herbs preparations exhibited varying degree of reduction in glucan production. Clove oil was more effective and reduced the formation of glucan to approximately 80% in a dose dependent manner.