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Item General public preferences for the purpose of account opening in banks(UMT, Lahore, 2016) HAFIZ AHSAN ISRARThe banking system was introduced in the era of Jews where large bankers use to do financial practices in the open market. In the past few decades' capitalistic economy gained momentum. Islamic banking was firstly introduced in Pakistan with the banking reforms in 1972. At present, the banks have an immense role in deciding the economic fate of any state. The strong banking system is vital for the growth of any country. Pakistan has the dual banking system it can be divided into the conventional banking system and Islamic banking system. The main purpose of this study is to identify the bank selection criteria for the purpose of account opening by the people of Pakistan. The population of the study is all the intended customers of both Islamic banks and conventional bank in Pakistan who want to open his/her new bank account. The sample was chosen through convenient sampling technique. Data was collected from the customers of 5 Islamic banks and 5 conventional banks. Total 300 questionnaires were distributed, from which 150 questionnaires were filled and returned by the Islamic bank customers and 1 10 filled and return by the conventional bank customer. Reliability of the instrument is checked through Cronbach Alpha. Data is analyzed through descriptive statistics, one sample T-test and independent sample T-test using SPSS. The results show that people prefer banks have the number of branches, a wide range of products, low-cost products, easily approachable either these are the branches of Islamic banks or branches of conventional banks. The results of independent sample t-test show that there is no significance difference in the selection criteria for Islamic banking and conventional banking among the customers on the basis of Gender. This study has practical and theoretical implications for Islamic banks" managerial staff, policy makers and academics.Item Measuring the Impact of Corporate Governance on Dividend Payouts(UMT, Lahore, 2016) SADIA REHMANThe main objective ofthis study is to examine the impact ofcorporate governance on dividend payouts in the context of non financial sector companies in Pakistan. Ail compames have a sound ground for agency theory and it guided to management that they should work for the benefit and in the interest of investors. This study has a primary object to check the impact ofCG on dividend payments. Because it was just a prepositional theory that dividend payment may cause to reduce the agency cost. So it has been verified through this research work. This work also helpful to investors in the context that it will suggest a layout to the shareholders in the form of dividend paid, to adopt the corporate governance system for organization. For this purpose a sample set of60 non financial companies related to different sector has been extracted with random sampling technique from Karachi Stock Exchange. All compames almost having same firm size value. Dividend payout has been measured through dividend per share. On other hand,corporate governance is measured through two determinants named as, board composition and ownership structure. Board composition has two variables named as, board size and board gender. However,ownership structure has three variables named as, individual ownership,institutional ownership and director's ownership. Sales growth, profitability (earnings per share)and leverage (debt ratio) has been taken as control variables in study. VII ' Results showed board size and board gender both have negative impact on dividend per share. The relation of both with dependent variables is significant. However,Individual ownership has negative impact on dividend per share and has significant relation. Institutional ownership has positive impact of DPS,but director's ownership has negative impact on DPS. But both are insignificant. These hypotheses are rejected. On other hand, sales growth has negative impact on dividend share and earnings per share has positive impact on dividend per share, but both have significant relation with dividend per shareItem The Impact of Auditor Tenure on Audit Quality; Evidence from Pakistan(UMT, Lahore, 2016) Zohair Farooq MalikThis study aims to examine the impact of auditor-client-relationship tenure on the quality of audit and whether the mandatory auditor-rotation will result in enhancement of audit quality. Discretionary accruals calculated with the help of Modified Jones Model 1991 are used as the proxy for audit quality.