Textile Firms Of Pakistan Research Articles

Antecedents to Employee Engagement and Moderating Role of Climate for Innovation and Mediating Role of Employee Psychological Wellbeing

Employee engagement is necessary for the growth and sustainability of firms. Many past studies have used different antecedents of employee engagement, including commitment, psychological well-being, and other organizational-related outcomes. However, a few studies have examined the moderating effect of climate for innovation on ESMU and EE. Given its importance, we have developed a conceptual framework that examines the impact of ESMU, EPWB, and EC on EE and the effect of ESMU on EPW. The study also examined the moderating effect of CFI and the mediating effect of EPW. The study has focused on Pakistan’s textile sector. Its employment generation and contribution toward GDP are significantly higher than other industries. Based on the data collected from the targeted textile sector and using smart PLS, we found support for all the hypotheses. The study documents ESMU, EPWB, and EC promote EE. ESMU promotes EPWB. EPWB mediates ESMU and EE. CFI moderates ESMU and EE. The study increased the generalizability of Bandura’s Social Cognitive Theory (1977), as our results support all the proposed hypotheses. We recommend firms must focus on creating an innovative environment. Employees suggest new ideas about new business processes and innovation in such an environment. New ideas may not always result in innovative products but may increase employee involvement and engagement. Many leading firms have made a policy in which all the employees have to give new ideas perpetually, producing good results. Textile firms in Pakistan may adopt and implement this policy. Therefore, we recommend firms must focus on creating an innovative environment. Employees suggest new ideas about new business processes and innovation in such an environment.

Investigating the Impact of Capital Expenditures on Firms’ Profitability of Textile Sector of Pakistan

The research objective was to determine the impact of capital expenditure on textile firm’s profitability in Pakistan. For this purpose, study utilizes panel data from the annual reports of firms operating in the textile sector of Pakistan. Quantitative research approach and longitudinal research design was applied. The panel data results indicates that the impact of capital expenditures on firm profitability is significant and positive. The findings suggest that increasing capital expenditures can lead to higher profitability for textile firms in Pakistan. This implies that textile firms in Pakistan should prioritize investments in capital expenditures in order to improve their financial performance. The findings provided by this research could be valuable for textile firms in Pakistan as they seek to make strategic investment decisions. Additionally, policymakers and investors in the textile sector can use the results of this study to inform their decision-making processes and optimize investment strategies. The study's findings could also contribute to a better understanding of the relationship between capital expenditures and firm profitability in the textile sector of Pakistan. The research could also helped to the researchers to conduct their research in future.

Exploring the impact of green human resource management on firm sustainable performance: roles of green supply chain management and firm size

AbstractThis study examined the impact of green human resource management (GHRM) and green supply chain management (GSCM) on the economic, social, and environmental performance of 272 (ISO-certified) textile firms in Pakistan. It investigated how a firm's size and the number of years since adopting GSCM practices influence performance. Survey data were collected from these firms through a cluster sampling approach and then analyzed through structural equation modeling. Results highlighted that GHRM positively influences a firm's environmental and social performance. Results further indicated that inbound and outbound GSCM activities mediate between GHRM and a firm's environmental and social performance. The moderation results revealed that a firm's size is crucial for improving performance. From an emerging economy perspective, this study draws the attention of policymakers and managers, concluding that implementing GHRM improves the green orientation of all the departments within a firm and helps organizations achieve sustainability goals.

An Investigation into the Impact of Power Outage on Working Capital Management in Textile Sector of Pakistan

Purpose: Electricity, being the most important resource for any organization has substantial impact on working capital. So, it is substantial to analyze the impact of acute power shortage on firm’s liquidity and profitability. As acute power shortages in the country adversely affects the performance of firms by reducing profits and enhancing working capital investment cycle, it is noteworthy to analyze the effect of electricity crisis on firm’s need for liquidity. The aim of the research is to find the impact of power outage on working capital and profitability.
 Design/Methodology/Approach: Using annual financial data of 102 textiles firms from 2008-2020, the study employed panel data analysis to measure the impact of acute power outage on firm’s working capital management.
 Findings: The results revealed that acute power shortage significantly impact working capital management in textile firms of Pakistan. So, firms must go for alternative energy sources for long-run resulting into huge savings from losses for these firms.
 Implications/Originality/Value: Motivated by the scarcity of empirical evidences from emerging economies and the importance of working capital efficiency, current study is the need of the day. The impact of power outages need to be explored in detail to gauge its impact on industry’s financial performance.

An Assessment of Financial Stability of Textile Sector of Pakistan: An Altman Z Score Approach

Purpose: The study purpose is to examine the financial stability of Pakistani textile enterprises. Investment towards textile is crucial to boost the textile sector’s financial performance, which can be analyzed by adopting the model of Altman Z-score.
 Design/Methodology/Approach: The Altman Z-score approach is a method, applied to analyze the financial stability of textile firms for seven years from 2013-2014 to 2019-2020 through the annual reports of textile firms which were taken from companies’ website and PSX links. Quantitative analysis is done by MS-Excel using simple random sampling technique of secondary data of 10 firms taken from 5% listed companies.
 Findings:Finding of the study shows that financial performance of textile sector lies in all three zones of safe, grey and distress zones. 30% of textile sector falls in safe zone, 40% falls in grey while only 30% of textile sector of Pakistan falls in distress zone. Average result of textile sector of Pakistan is in grey zone, which shows the companies can get safe zone if they control required ratios.
 Implications/Originality/Value: Result shows that textile firms of Pakistan may improve financial performance and stability because it lies in grey zone by controlling their financial ratios which are the part of Altman Z-Score model.

Determinant analysis of employee attitudes toward pro-environmental behavior in textile firms of Pakistan: a serial mediation approach

PurposeThe purpose of this study was to determine how environmentally specific transformational leadership (ETFL), green training (GT) and psychological green climate (PGC) affect environmental passion (EP) of employees which leads to pro-environmental behaviors (PEBs).Design/methodology/approachThe context of the study was set in textile industry of Pakistan which holds a promising future in the international markets as an emerging export-based industry. Using purposive sampling technique, cross-sectional self-report data were collected from the employees of textile exporting firms (n = 239) of Pakistan. Hypotheses were tested using PLS-SEM.FindingsThe findings revealed that ETFL and PGC act as important predictors of EP, whereas GT plays no role in influencing EP. EP predicts green behavioral intention (GBI) of employees, in turn, GBI predicts employees' PEBs. Further, mediation analyses revealed that EP and GBI sequentially mediated the link between PGC and PEBs.Research limitations/implicationsThe present study is not free from its limitations. First, the study adopted cross-sectional design that prevents the causal inferences which the researcher can make from the population. Second, the present study adopted purposive sampling technique which is a non-probability sampling technique. Third, the constructs of this study were assessed with self-report measures which are associated with social desirability bias (Podsakoff and Organ, 1986) or common-method variance (Podsakoff et al., 2003). Hence, this research suggests on the future direction of research based on these limitations.Practical implicationsAs per the results of this study, it is also suggested that managers may focus more on the overall organizational and psychological climate rather than on leadership styles alone. While conducting training, the leaders must pay close attention to training objectives to ensure that they do not lead to counterproductive behaviors.Originality/valueThis research adds to the literature in the area of PEBs at micro-level by focusing on how and why employees engage in PEBs.

Uncovering the Link between Strategic Human Resource Management and Crisis Management: Mediating Role of Organizational Resilience

The paper has attempted to examine a critical link between the strategic human resource management and crisis management. In this, the authors have taken a major drive to statistically test mediation and moderation simultaneously. Drawing upon the normal accident theory, the present study examined the link between strategic human resource management (SHRM) and crisis management through the mediation of organizational resilience. By adopting quantitative research approach, the data were collected from 176 HR managers of textile firms in Pakistan through survey method. The data were analysed by employing PLS-SEM technique. Results revealed that SHRM is positively linked with crisis management through the mediating effect of organizational resilience. In general, the results revealed that organizational resilience plays a key role in facilitating the relationship between SHRM and crisis management. The paper forwards notable implications for theory and practice followed by scope for future studies to enthusiastic scholars in the domain of HRM, strategic HRM and crisis management.

Impact of Supplier Relational Capital on Supply Chain Performance in Pakistani Textile Industry

This research aims to improve supply chain performance (SCP) through successful usage of supplier relational capital (SRC). This can be through investigating the effect of enterprise resource planning (ERP) system and organizational culture (OC) on the relationship between supplier relational capital and supply chain performance in the context of Pakistani manufacturing firms. The questionnaire survey was posted to the Pakistani manufacturing firms that are using ERP system. A total of hundred (100) usable responses were received and used in the analysis. The findings of this research indicated that there is a strong and significant positive relationship between SRC on SCP. In addition, the results also show a significant and positive influence of organizational culture on the relationship between SRC and SCP. Moreover, a significant but moderate influence of ERP on SCP was observed. The evidences show that textile firms in Pakistan not only have to improve their relationship with suppliers but also promote a conducive organizational culture to reap the benefits of ERP implementation and consequentially supply chain performance.

Exploring the role of TQM and supply chain practices for firm supply performance in the presence of information technology capabilities and supply chain technology adoption: A case of textile firms in Pakistan

Exploring the role of TQM and supply chain practices for firm supply performance in the presence of information technology capabilities and supply chain technology adoption: A case of textile firms in Pakistan

Internal capabilities and SMEs performance: A case of textile industry in Pakistan

The small and medium-sized enterprises (SMEs) play an important role on the growth of the econ-omies of developing countries. In Pakistan, SMEs hold about 90 percent of the total businesses in-cluding the textile industry. The performance of SMEs in the textile industry is influenced by sev-eral factors including the internal capabilities of the firms. Hence the primary objective of the study is to examine the relationship between the internal capabilities namely Innovation Capability, Absorptive Capacity and SMEs Performance among textile firms in Pakistan. The study is conducted using quantitative research. There are 377 questionnaires distributed among textiles SMEs of Pakistan and they were analyzed using some statistical tests. The results reveal that innovation capability and absorptive capacity influenced the performance of SMEs, positively.

Is e-marketing a source of sustainable business performance? Predicting the role of top management support with various interaction factors

The evolution of the sustainable business performance in relation to the technology integration reveals a significant revolution but regrettably is given little global attention, thus compelling the firms to reexamine the approach for their business growth. Considerably, e-marketing has been recognized as an emerging practice and plays a vital strategic tool to bring sellers and buyers on a digital platform. Besides, this study analyzes the moderating effects of trading partners (TPs) and competitive pressure (CP) in the relationship between top management support (TMS) and use of e-marketing (UEM). Moreover, the interactive role of government support (GS) and technological opportunism (TOP) was also analyzed between the UEM and sustainable firm performance (SFP). The study also discussed the mediating role of e-marketing usage between TMS and SFP. The data (n = 293) were collected from the marketing managers employed in the textile firms of Pakistan. Additionally, the findings revealed that TMS had a significant direct relationship with the UEM and the SFP. Moreover, UEM mediated the relationship between TMS and SFP. Finally, TP’s pressure moderated the relationship between TMS and UEM, and TOP moderate the relationship between UEM and SFP, whereas CP and GS were unable to moderate the relationship particularly in current study context. However, this study has contributed empirically to several recognized relationships among the variables and extends the existing knowledge of literature. The study has contributed empirically to several recognized relationships among the variables and extends the existing knowledge of literature by leaving certain aspects of research for future studies.

Determinants of Corporate Cash Holdings “A Case of Textile Sector in Pakistan”

The topic on cash holding has attracted strong debate in the field of financial management for the past half century. A number of researchers studied the topic corporate cash holding and its determinants in the past in developed economies while a little attention is given to the corporate cash holdings of developing economies. The objective of the study is to identify and measure the relationship of firm size, profitability, net working capital and leverage and their effect on corporate cash holdings. A sample of 30 textile firms of Pakistan listed on Karachi Stock Exchange (KSE) was selected for the study, for the reason of examining their relationship. Secondary data for the period 2006-2013 was selected for the study. Variance Inflation Test (VIF) was used to check the problem of multicollinearity. Multiple regression models were used to conduct the results. Results calculated by regression model show consistency with the literature available. Profitability (ROA) and firm size (FS) show a positive and significant relation with cash holding. However negative and significant relationship was found between net working capital (NWC) and leverage (LEV) with cash holding. The findings of the study will be useful for financial managers, financial practitioners, consultants and investors.

Impact of Firm Size on Capital Budgeting Techniques: An Empirical Study of Textile Firms in Pakistan

This study examines the type of capital budgeting methods used by textile firms in Pakistan and impact of firm size on these methods. This study also investigates the relationship between the total assets of the firm and annual turnover of the firm according to primary capital budgeting technique used. Questionnaire method is used as a source of gathering primary data. SPSS is used as tool for analysis of data. Cross tabulation is applied on each variable. Chi square test is also applied to investigate the relationship between total assets of firm and total turnover of the firm according to primary capital budgeting technique used. Findings of this study reveal that net present value method and internal rate of return are two mostly used methods. Findings also show that there is no relationship between the total assets of the firms and turnover of the firm according to capital budgeting technique used by firms. These results are well supported by the literature.

Working Capital Management and the Profitability of the Manufacturing Sector: A Case Study of Pakistan’s Textile Industry

This study explores the association between working capital management and the profitability of textile firms in Pakistan. The efficiency of working capital management is reflected by three variables: cash conversion efficiency, days operating cycle, and days of working capital. We use return on assets, economic value added, return on equity, and profit margin on sales as proxies for profitability. A balanced panel dataset covering 160 textile firms for the period 2000–05 is analyzed and we estimate an ordinary least squares model and a fixed effect model. Return on assets is found to be significantly and negatively related to average days receivable, positively related to average days in inventory, and significantly and negatively related to average days payable. Also, return on assets has a significant positive correlation with the cash conversion cycle, which would suggest that a longer cash conversion cycle is more profitable in the textiles business. The findings of the regression analysis show that average days in inventory, average days receivable, and average days payable have a significant economic impact on return on assets. The findings of the fixed effect model reveal that average days in inventory and average days receivable both have a significant impact on return on assets.