Currently, he is serving as ‘Professor’ and ‘Executive Director’ of the Economic and Financial Policy Research Center in Iqra University Karachi (Pakistan). He has been serving as ‘Economic Advisor’ of the Economic Cooperation Organization (ECO) Chamber of Commerce for 3 years and also ‘Director General’ in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for 7 years. Development Financing, Macroeconomic Policies, International Trade and Finance are areas of his interest. He proactively completed several policy research studies on strategic issues including, ‘Infrastructure Development by Liberalizing Economic Policies: The Straight Path of Economic Prosperity’, ‘Financial Cooperation in South Asia: Recent Development and Challenges’, and ‘FDI, Infrastructure Development and CPEC: Is There a Connection?’ In recognition of his expertise, the Technology Policy and Assessment Center at Georgia Institute of Technology acknowledged his membership in the distinguished panel of international experts for Indicators of Technology-based Competitiveness, which is a project of the US National Science Foundation, United States Government.
It is concluded in the study that the Valuation Ratio will be independent from the Equities if eq... more It is concluded in the study that the Valuation Ratio will be independent from the Equities if equity-elasticity is equal to one. However, Market Capitalization depends on the investment in equities and the market liquidity. The model has been tested in the context of Pakistan ...
Purpose-The study examines the impacts of debt financing on infrastructure development, investmen... more Purpose-The study examines the impacts of debt financing on infrastructure development, investment, creation of new business entities, subsidies to private sector and GDP growth. Design/methodology/approach-The methodology is based on five simultaneous equations which have been estimated through panel least square. Findings-The most important conclusion of this study is the significant role of sovereign bonds in determination of subsidies to private sector. The role of domestic credit is important in South Asian context because of its significant role in creation of new businesses. Research limitations/implications-This study supports the enhancement in credit financing to private sector for creation of new business activities in the economy. Practical implications-The improvement in liquidity position by enhancing domestic credit facilities may ensure the sustainability and continuity of business activities. Such activities may improve GDP growth in future. Social implications-The most important aspect of the study is to identify the role of debt financing in subsidies and creation of new businesses which are important elements of social economics. Originality/value-Usually the impacts of sovereign bonds and external debts on infrastructure development and GDP growth are examined. But, to relate these debts to creation of business entities and subsidies is a new dimension.
Journal of Business and Social Review in Emerging Economies, 2021
Purpose: This research has examined the impact of Intellectual Capital (IC) on performance of the... more Purpose: This research has examined the impact of Intellectual Capital (IC) on performance of the firms in Pakistan while considering political uncertainty as moderating variable. Value Added Intellectual Coefficient (VAIC) model by Pulic (1998) has been used to calculate IC and its components and ROA is used to measure firm’s performance. Design/Methodology/Approach: The research used secondary data of firms, related to manufacturing sectors, listed in Karachi Stock Exchange-KSE 100 Pakistan for a ten-year period of 2010-2019. Regression Model has been employed to investigate the hypothetical relationship between IC and firm performance. Findings: Results of this paper revealed that CEE and CCE have a significant positive relationship with the financial performance of firms in Pakistan whereas SCE has negative effect on the financial performance of the firms. Furthermore, the findings suggest political instability as a significant moderating variable on the relationship among intel...
The paper discusses the cause and consequences of the deterioration and depressing condition of h... more The paper discusses the cause and consequences of the deterioration and depressing condition of higher education in Muslim countries. The study establishes the links between academic research and economic development. Alternative hypothesis to envisage the causes of sustainable economic development were discussed with historical evidences. The hypothesis of external conspiracy was not accepted in the study and it was concluded that weak human resources are mainly responsible for deterioration in the higher education.
Abstract. The long-term return behaviour of dividend-changing firms has been investigated in the ... more Abstract. The long-term return behaviour of dividend-changing firms has been investigated in the study and it is estimated that 23 percent only incremental profits are transformed into dividend. The remaining profits are utilized for the additional investment. It is also concluded that concentration of ownership is also an important factor of the dividend payments. The results support the hypothesis that companies start to pay dividends after a certain level of growth. At the earlier stage companies concentrate on retained earnings. The Ordinary Least Square (OLS) technique has been applied in the study and the model has been estimated through the pooled data of annual audited accounts of 180 listed companies of the
Regional-based quota in public sector employment was always considered as one of the important ca... more Regional-based quota in public sector employment was always considered as one of the important cause of the ethnic politics in Pakistan and particularly in Karachi. The majority of educated youth and middle classers in Pakistan belong to the urban areas and big cities where public sector employment is a frictional part of the total employment. However, households ’ economic statuses in those areas are closely related with the employment status of the households ’ members. This study has one objective only: to test the hypothesis that socio-economic variation between the ethnic groups was the origin of the emerging ethnic politics in Karachi. The disparities in income, employment and social status have been compared between the nine ethnic groups of Karachi. It is noteworthy that statistical evidences have rejected the hypothesis that rise in ethnic politics was a consequence of socio-economic discrepancies between the ethnic groups.
Housing Finance is considered as a safest mode of investment for financial institutions. This ave... more Housing Finance is considered as a safest mode of investment for financial institutions. This avenue of investment provides greater flexibility in making financial agreements and contracts, easily adjustable with the Islamic principles, widely applicable in pure capitalistic societies; meet the requirements of strictly controlled economies, and also feasible for the non-traditional immigrants-based societies. In highly industrialized economies, the workers ’ immigration form one city (or country) to another city (or country) is a common phenomenon. In those societies, people prefer to lease a house instead by its acquisition on ownership basis. In pure capitalistic societies, housing finance is used as a mode of long-term investment. In centrally controlled and planned economies, the housing finance is used for planning and development purposes. In the interest-free Islamic economies the housing finance gives an opportunity to the investors and financial institutions to participate ...
The main objective of this study is to compare Muslim countries with the rest of world in terms o... more The main objective of this study is to compare Muslim countries with the rest of world in terms of the effectiveness and efficiency of the factors of competitiveness. Another objective of this paper is to determine the factors of competitiveness of the nations. The study has also assessed the impacts of improvement in political and corporate governances of the institutions, technological advancement and higher education on the business competitiveness. The World Competitiveness Index constructed by the World Economic Forum and World Banks statistics on aggregate savings and investment were used to estimate the regression parameters. It was hypothesized that Muslim world is significantly different from the rest of world in terms of the effectiveness and efficiency of the factors of competitiveness. The role of innovations and knowledge creating activities in determining of business competitiveness was not found statistically significant in Muslim world; it was highly significant in c...
It is concluded in the study that the Valuation Ratio will be independent from the Equities if eq... more It is concluded in the study that the Valuation Ratio will be independent from the Equities if equity-elasticity is equal to one. However, Market Capitalization depends on the investment in equities and the market liquidity. The model has been tested in the context of Pakistan ...
Purpose-The study examines the impacts of debt financing on infrastructure development, investmen... more Purpose-The study examines the impacts of debt financing on infrastructure development, investment, creation of new business entities, subsidies to private sector and GDP growth. Design/methodology/approach-The methodology is based on five simultaneous equations which have been estimated through panel least square. Findings-The most important conclusion of this study is the significant role of sovereign bonds in determination of subsidies to private sector. The role of domestic credit is important in South Asian context because of its significant role in creation of new businesses. Research limitations/implications-This study supports the enhancement in credit financing to private sector for creation of new business activities in the economy. Practical implications-The improvement in liquidity position by enhancing domestic credit facilities may ensure the sustainability and continuity of business activities. Such activities may improve GDP growth in future. Social implications-The most important aspect of the study is to identify the role of debt financing in subsidies and creation of new businesses which are important elements of social economics. Originality/value-Usually the impacts of sovereign bonds and external debts on infrastructure development and GDP growth are examined. But, to relate these debts to creation of business entities and subsidies is a new dimension.
Journal of Business and Social Review in Emerging Economies, 2021
Purpose: This research has examined the impact of Intellectual Capital (IC) on performance of the... more Purpose: This research has examined the impact of Intellectual Capital (IC) on performance of the firms in Pakistan while considering political uncertainty as moderating variable. Value Added Intellectual Coefficient (VAIC) model by Pulic (1998) has been used to calculate IC and its components and ROA is used to measure firm’s performance. Design/Methodology/Approach: The research used secondary data of firms, related to manufacturing sectors, listed in Karachi Stock Exchange-KSE 100 Pakistan for a ten-year period of 2010-2019. Regression Model has been employed to investigate the hypothetical relationship between IC and firm performance. Findings: Results of this paper revealed that CEE and CCE have a significant positive relationship with the financial performance of firms in Pakistan whereas SCE has negative effect on the financial performance of the firms. Furthermore, the findings suggest political instability as a significant moderating variable on the relationship among intel...
The paper discusses the cause and consequences of the deterioration and depressing condition of h... more The paper discusses the cause and consequences of the deterioration and depressing condition of higher education in Muslim countries. The study establishes the links between academic research and economic development. Alternative hypothesis to envisage the causes of sustainable economic development were discussed with historical evidences. The hypothesis of external conspiracy was not accepted in the study and it was concluded that weak human resources are mainly responsible for deterioration in the higher education.
Abstract. The long-term return behaviour of dividend-changing firms has been investigated in the ... more Abstract. The long-term return behaviour of dividend-changing firms has been investigated in the study and it is estimated that 23 percent only incremental profits are transformed into dividend. The remaining profits are utilized for the additional investment. It is also concluded that concentration of ownership is also an important factor of the dividend payments. The results support the hypothesis that companies start to pay dividends after a certain level of growth. At the earlier stage companies concentrate on retained earnings. The Ordinary Least Square (OLS) technique has been applied in the study and the model has been estimated through the pooled data of annual audited accounts of 180 listed companies of the
Regional-based quota in public sector employment was always considered as one of the important ca... more Regional-based quota in public sector employment was always considered as one of the important cause of the ethnic politics in Pakistan and particularly in Karachi. The majority of educated youth and middle classers in Pakistan belong to the urban areas and big cities where public sector employment is a frictional part of the total employment. However, households ’ economic statuses in those areas are closely related with the employment status of the households ’ members. This study has one objective only: to test the hypothesis that socio-economic variation between the ethnic groups was the origin of the emerging ethnic politics in Karachi. The disparities in income, employment and social status have been compared between the nine ethnic groups of Karachi. It is noteworthy that statistical evidences have rejected the hypothesis that rise in ethnic politics was a consequence of socio-economic discrepancies between the ethnic groups.
Housing Finance is considered as a safest mode of investment for financial institutions. This ave... more Housing Finance is considered as a safest mode of investment for financial institutions. This avenue of investment provides greater flexibility in making financial agreements and contracts, easily adjustable with the Islamic principles, widely applicable in pure capitalistic societies; meet the requirements of strictly controlled economies, and also feasible for the non-traditional immigrants-based societies. In highly industrialized economies, the workers ’ immigration form one city (or country) to another city (or country) is a common phenomenon. In those societies, people prefer to lease a house instead by its acquisition on ownership basis. In pure capitalistic societies, housing finance is used as a mode of long-term investment. In centrally controlled and planned economies, the housing finance is used for planning and development purposes. In the interest-free Islamic economies the housing finance gives an opportunity to the investors and financial institutions to participate ...
The main objective of this study is to compare Muslim countries with the rest of world in terms o... more The main objective of this study is to compare Muslim countries with the rest of world in terms of the effectiveness and efficiency of the factors of competitiveness. Another objective of this paper is to determine the factors of competitiveness of the nations. The study has also assessed the impacts of improvement in political and corporate governances of the institutions, technological advancement and higher education on the business competitiveness. The World Competitiveness Index constructed by the World Economic Forum and World Banks statistics on aggregate savings and investment were used to estimate the regression parameters. It was hypothesized that Muslim world is significantly different from the rest of world in terms of the effectiveness and efficiency of the factors of competitiveness. The role of innovations and knowledge creating activities in determining of business competitiveness was not found statistically significant in Muslim world; it was highly significant in c...
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Papers by Dr. Ayub Mehar