Gao Lei-fu

Do Dividend Payout Ratio Drive the Profitability of a Firm: A Case of Energy and Textile Sector of Pakistan?

This paper investigates the relationship between dividend payout ratio and profitability of a firm. For this, two main sectors of Pakistan are selected, energy and textile. We employed the date of 2004–2015. We employed the logarithmic regression analysis. The results of logarithmic regression show that there is a negative impact of dividend payout ratio on next year earnings of a firm.

Education Democracy and Dictatorship

In the battle between democracy and dictator, this study aims to analyze the role of education in this battle overall and gender wise. Furthermore, it investigates whether and how different political regimes classified as democracy and dictatorship affects the education sector of Pakistan. The results show that primary and middle school education do support significantly the dictator type of government in Pakistan. It is observed that female enrollment in middle school supports the dictator over the democratic. We also find that dictator promoted education equally for males and females. Overall dictators perform better in the development of education of Pakistan.