山东师范大学硕士学位论文
Table of Contents
Abstract.................... iii
Chapter-1....................1
Introduction................1
1.1 Introduction .................. 1
1.2 Background of the Study. .................. 2
1.3 Research objectives. ................... 2
1.4 Research question................ 3
1.5 Significant of the study............... 3
1.6 Organization of the study .................. 3
Chapter-2....................4
Literature Review.....................4
2.1 international studies.................... 4
2.2 Studies related to Pakistan................. 6
2.3 Conclusion of literature review. ............... 7
2.4 Theoretical foundation................ 8
Chapter-3....................9
Research Methodology ...................9
3.1 Introduction .................. 9
3.2 Research Design ................ 10
3.3 Sample of Data .................. 10
3.4 Sample of the Study.................. 10
3.5 Research Hypothesis................. 11
2.5.1 Hypothesis 1 ....................... 11
2.5.2 Hypothesis 2 ....................... 11
2.5.3 Hypothesis 3 ....................... 11
3.6 Description of Variables.................. 12
3.7 The Empirical Model................ 12
Chapter-4..................13
Data Description ....................13
4.1 Introduction. ...................... 13
4.2 Oil and Gas Sector:................... 14
4.3 Chemical Sector................. 14
4.4 Construction sector:.................. 14
4.5 Financial sector.................. 15
4.6 Power sector. ..................... 16
i
山东师范大学硕士学位论文
4.8 Conceptual framework. ................... 18
Chapter - 5................19
Results and Discussion. ................19
5.1. Data Analysis.................... 19
5.1 Correlation Analysis................. 19
5.4 Unit Root Test (URT)............... 21
5.5 Descriptive statistics................. 22
5.6 Hypothesis Tasting. .................. 25
5.6.1 Hypothesis 1. ...................... 26
5.6.2 Hypothesis 2. ...................... 26
5.6.3 Hypothesis 3. ...................... 26
Chapter-6..................27
Discussion and Conclusion..................27
6.1 Introduction. ...................... 27
6.2 Summary of findings. ............... 27
6.3 Empirical Findings. .................. 27
6.4 Conclusion.................. 28
6.5 Recommendation............... 28
References................29
Table 3. 1: Summary of variables...............13
Table: 4. 1 Data for Oil and Gas Sector: Total Of 12 Companies........14
Table: 4. 2 Data for Chemical Sector: Total Of 30 Companies............14
Table: 4. 3 Data for Construction sector: Total of 18 companies.........15
Table: 4. 4 Data for Financial sector: Total of 25 companies......16
Table: 4. 5 Data for Power sector: Total of 14 companies. ...........16
Table:5. 1 correlation coefficient of Tobin q ratios and Sector wise FDI. .........19
Table:5. 2 correlation coefficient of Tobin q ratios and Firm Size.......19
Table:5. 3 correlation coefficient of Tobin q ratios and Board size. ...........20
Table:5. 4 Ordinary Least Squares..............20
Table:5. 5 Augmented Dickey-fuller (ADF) test.............22
Table:5. 6 Stationarity test At First difference..........22
Table:5. 7 Descriptive statistics..................23
Table:5. 8 Hausman Test. .............23
Table:5. 9 Random Effect Panel Regression. ...........24
Table:5. 10 Robust Regression. ..................25
Figure:4. 1 Trend analysis of FDI...............16
Figure:4. 2 Trend analysis of T Ratios...............17
Figure:4. 3 Trend analysis of Firm size. ............17
Figure:4. 4 Trend analysis of Board size. ..........18
ii