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		| Munawar-shah  Syed | 
	
		| BUITEMS University | 
	
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		| Faculty of Economics and Management | 
	
		| UKM University | 
	
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		| Bangi, Selangor 43600 | 
	
		| Malaysia | 
	
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		| s.munawarshah@gmail.com | 
	
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		| www.buitms.edu.pk | 
	
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		| JEL Areas: H3 : Fiscal Policies and Behavior of Economic Agents: General
 G3 : Corporate Finance and Governance: General
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