While the z-score has been widely used to evaluate bank risk, it is criticized as a backward-looking measure. We propose a forward-looking method to construct the z-score by incorporating analyst forecasts. Empirical results show that the forward-looking z-score can predict the movement of the...

Academics traditionally view retail investors as rationally passive toward corporate proxy fights due to the higher cost of individual information gathering and their inability to coordinate collectively. In the wake of the digital age and social media, we re-examine retail investors’...

The main goal of this paper is to describe the sectoral structure of poverty in Pakistan by using 'HIES' data for the years 1987-88 and 1990-91. A range of poverty measures and decomposition techniques are employed to estimate the incidence, intensity and severity of poverty. The analysis...

In this paper, we have compared forecasting performance of three economic and two autoregressive models of exchange rate in five Asian economies; namely Pakistan, India, Indonesia, Korea and Sri Lanka. Models include purchasing power parity (PPP), interest rate parity (IRP), adhoc model, random...