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Purpose: This study aims to develop a robust predictive model for anticipating financial distress within Pakistani companies, providing a crucial tool for proactive economic turbulence management. Design/methodology/approach: To achieve this objective, the study examines a comprehensive data set comprising nonfinancial firms listed on the Pakistan Stock Exchange from 2005 to 2022. It investigates 23 financial ratios categorized under profitability, liquidity, leverage, asset efficiency, size and growth. Findings: The study reveals that financial ratio indices are more effective in forecasting financial distress compared to individual ratios. These indices achieve impressive accuracy rates, ranging from a robust 93.90% in the first year leading up to bankruptcy to a commendable 73.71% in the fifth year. Furthermore, the research identifies profitability, liquidity, leverage, asset efficiency, size and growth as pivotal indicators for financial distress prediction. Originality/value: This research underscores the utility and practicality of financial ratio indices, offering a comprehensive perspective on risk assessment and management. In conclusion, this pioneering study provides valuable insights into financial distress prediction, highlighting the enhanced information capture made possible by financial ratio indices. It equips stakeholders in the Pakistan Stock Exchange with an effective means to proactively address financial risks. [ABSTRACT FROM AUTHOR]

The study investigates the association among leadership styles, employee well-being and employee's safety behavior of healthcare workers. The study used social learning theory (SLT) for examining the relationship between leadership styles and employee safety behavior. Moreover, social exchange theory (SET) has been incorporated to narrate the moderating effect of employee well-being on the relationship between leadership styles and employee safety behavior. Data have been collected with the help of questionnaires from 515 healthcare workers working in the public hospitals of Punjab, Pakistan. Structural equation modeling has been utilized to test the study hypothesis. Findings indicate that both transactional and transformational leaderships have significant and positive relationship with employee safety behavior. Interestingly, employee well-being negatively moderates the relationship between transformational leadership and employee safety behavior. Furthermore, no moderation was found on the relationship between transactional leadership and employee safety behavior. The findings propose that healthcare management should invest to aware employees regarding their well-being. The findings also suggest that leaders should influence their followers to adopt safety measures at workplace. Furthermore, leaders must be role models in order to attain a competitive advantage and make a balance between management and workers. [ABSTRACT FROM AUTHOR]

Copyright of Industria Textila is the property of Institutul National de Cercetare-Dezvoltare pentru Textile si Pielarie and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study was conducted in an effort to better understand how decisions made by the government in Pakistan regarding taxation and spending have affected crime rates over the years 1980 to 2020. The Vector Error-Correction model suggests that the government's policies have a causal effect on crime rates in the long run. The study concludes that rising direct taxes and defence expenditures decreases the reported crime rate in Pakistan. Moreover, the empirics revealed that rising unemployment rate increase crimes. The income inequality has also portrayed positive relationship with reported crimes. The impulse responses affirm the persistent long run relationship trends in which both unemployment rate and income inequality increases crime rate and the direct taxes and defence expenditures decreases crime rate in the country. [ABSTRACT FROM AUTHOR]

THE HEALTH OF TRANSGENDER INDIVIDUALS ARE AT HIGH RISK IN DEVELOPING COUNTRIES. THE TRANSGENDER INDIVIDUALS ARE DESTITUTE OF BASIC HEALTH REQUIREMENTS IN THESE COUNTRIES. EVEN THOUGH TELEMEDICINE SATISFACTION QUESTIONNAIRE (TSQ) AND TELEHEALTH USABILITY QUESTIONNAIRE (TUQ) ARE CONSIDERED VALID AND RELIABLE INSTRUMENT IN DEVELOPED ECONOMIES. BUT IT CANNOT BE INVESTIGATED YET FOR TRANSGENDER INDIVIDUALS IN DEVELOPING ECONOMIES ESPECIALLY IN PAKISTAN. THE PURPOSE OF THIS STUDY IS TO INVESTIGATE THE RELIABILITY AND VALIDITY OF THE URDU VERSION OF TSQ AND TUQ. DATA WAS COLLECTED USING CONVENIENCE SAMPLING TECHNIQUE. A TOTAL OF 350 TRANSGENDER INDIVIDUALS FROM FOUR (LAHORE, FAISALABAD, RAWALPINDI AND GUJRANWALA) MAJOR CITIES OF PUNJAB WERE PARTICIPATED IN THIS STUDY. THE RESULT SHOWED THAT URDU VERSION OF TSQ AND TUQ ARE CONSIDERED VALID AND RELIABLE. THEREFORE, THIS URDU VERSION CAN BE USED OF FUTURE STUDIES. [ABSTRACT FROM AUTHOR]

Copyright of Industria Textila is the property of Institutul National de Cercetare-Dezvoltare pentru Textile si Pielarie and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Industria Textila is the property of Institutul National de Cercetare-Dezvoltare pentru Textile si Pielarie and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research is the earliest attempt to understand the impact of inflation and the interest rate on output growth in the context of Pakistan using the wavelet transformation approach. For this study, we used monthly data on inflation, the interest rate, and industrial production from January 1991 to May 2020. The COVID-19 pandemic has affected economies around the world, especially in view of the measures taken by governmental authorities regarding enforced lockdowns and social distancing. Traditional studies empirically explored the relationship between these important macroeconomic variables only for the short run and long run. Firstly, we employed the autoregressive distributed lag (ARDL) cointegration test and two causality tests (Granger causality and Toda-- Yamamoto) to check the cointegration properties and causal relationship among these variables, respectively. After confirming the long-run causality from the ARDL bound test, we decomposed the time series of growth, inflation, and the interest rate into different time scales using wavelet analysis which allows us to study the relationship among variables for the very short run, medium run, long run, and very long run. The continuous wavelet transform (CWT), the cross-wavelet transform (XWT), cross-wavelet coherence (WTC), and multi-scale Granger causality tests were used to investigate the co-movement and nature of the causality between inflation and growth and the interest rate and growth. The results of the wavelet and multi-scale Granger causality tests show that the causal relationship between these variables is not the same across all time horizons; rather, it is unidirectional in the short-run and medium-run but bi-directional in the long-run. Therefore, this study suggests that the central bank should try to maintain inflation and the interest rate at a low level in the short run and medium run instead of putting too much pressure on these variables in the long-run. [ABSTRACT FROM AUTHOR]

Copyright of Industria Textila is the property of Institutul National de Cercetare-Dezvoltare pentru Textile si Pielarie and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research investigates the risk of divorce in Pakistan, considering various aspects of gender roles. We used rare events logistic regression to determine the risk of divorce based on socioeconomic variables. We find that females are more likely to be divorced than their male counterparts in all estimation scenarios. While our analysis partially supports the gender role specialization theory, both males and females who do not participate in the labor market are less likely to divorce according to empirical analysis. We also found that people living in urban areas are more likely to divorce due to a lack of social integration. The risk of divorce in various occupations remained the same across years of education and rural/urban living. Our results show that years of education decrease the likelihood of divorce. The current study fills the literature gap by analyzing divorce risk in Pakistan using several theories and hypotheses, most of which are based on gender roles. The study provides a significant number of observations and data on both married and divorced individuals, enabling a thorough investigation of divorce risk in Pakistan. [ABSTRACT FROM AUTHOR]