Author : Siddiqui, Danish Ahmed

Behavioral Finance Perspectives on Pakistan Stock Market Efficiency: Assessing the Prospect Theory Empirically with an Adaptive Pattern of Efficiency across Military and Democratic Regimes

Zareen Zafar; Danish Ahmed Siddiqui

International Journal of Organizational Leadership, 2020, Volume 9, Issue 1, Pages 20-38
DOI: 10.33844/ijol.2020.60488

This study is based on pragmatic creations to make the hypothetical frame focusing on behavioral finance pattern for finding the sagacity of investors, stock returns, and effectiveness of stock market performance. The research investigates an extensive extent of Pakistan stock market Returns data from June 1994 to December 2018 along with the two economic segments including the Military phase (1999-2008) and Democratic phase (1994-1998) (2009-2018) to determine the Pakistan Stock market efficiency. To this end, autocorrelation and variance ratio tests were performed on the returns (weekly based) KSE 100 index during overall period as well as for both the Military Phase and the Democratic phase using adaptive pattern of market competence. The weak efficiency tests show trends of a stock performance, and consequently developing of bounded-adaptive market effectiveness. These tests recognized the presence of asymmetric dynamic behavior of returns obviousness in calculation of risk and return associations during two political states. These confirmations offer provision to investors bounded adaptive rationality, behavior, vigorous behavior of stock return and as a result establishing effectiveness of bounded adaptive market.

Authentic Leadership and Work Engagement: The Mediatory Role of Employees’ Trust and Occupational Self-efficacy

Syeda Amna Khalil; Danish Ahmed Siddiqui

International Journal of Organizational Leadership, 2019, Volume 8, Issue 3, Pages 17-42
DOI: 10.33844/ijol.2020.60481

This study examines the effect of authentic leadership on employee trust, occupational self-efficacy and work engagement. it also explores the mediating role of employees’ trust and occupational self-efficacy on the relationship between authentic leadership and work engagement. The sample size of this study was 200 employees from different organizations of Pakistan and the quantitative method was used which includes questionnaires with close ended questions. Smart PLS software was used to measure the relationship among variables and different techniques for the analysis were adopted such as SEM Path Analysis and Confirmatory factor analysis. The results indicated a strong relationship among variables and supported that there is a direct and positive relationship between authentic leadership and work engagement and employee trust and occupational self-efficacy act as mediating tool to mediate and strengthen the relationship between authentic leadership and work engagement. This research found a strong and positive relationship among the variables and highlights the vital role that authentic leaders play in motivating employees to bring positive change in employee’s attitude and behavior. The conclusions drawn will help to develop strategies so that the leaders may develop positive traits and workers may perform effectively and efficiently to enhance the productivity of an organization.