Determinant of Stock Market Prices in Nepal: A Case of Commercial Banks

<p>Equity share investment is one of the key investment paths that provide significant returns for investors but, unusual stock price instability makes confusion for them, as well as troubles for policymakers and the government authorities. This study aims to identify the empirical variables that influence the stock market price in commercial banks for 2015/16 to 2019/20 using a set of dependent and independent variables. The study is based on 130 observations from 26 commercial banks (out of 27) in Nepal using a secondary source and the information obtained from annual reports. The descriptive and causal-comparative research design was employed. For that, mean, standard deviation, correlation and regression analysis techniques have been used. The results revealed that Market to Book proportion (M/B), Price-earnings proportion (P/E) and Earning Yield proportion (E/Y) have a significant positive association with the stock market price. In contrast, the Dividend Yield proportion (D/Y) has a positive but insignificant impact on the stock market price. The finding of this study is valuable to the curious investors, concerned bankers, academicians and government authorities, which help them to more about the stock market’s returns and likelihood in the country.</p>

Working Rural Women - Acknowledgement on Various Roles

There are transformations happening in the social and economic front in the rural areas of India. Among the many changes, perception on women’s employment in information technology-enabled service companies among the rural society is emphasised in this study. This paper focuses on the views among the rural public towards changing woman’s roles and responsibilities in the family beyond the roles as a mother or wife due to an increase in women’s employment in information technology-enabled services companies. The article tries to examine whether there is a change in the perception between males and females in the rural area towards women’s employment. Besides, the study tries to see whether the working woman’s contribution to family wellbeing is influenced by childcare, more earning by husband, household duties and good relationship with children. Eight hundred and eleven samples were collected from four different districts of two states in India. The statistical tools used for the study are T test, Anova, multiple regression and discriminant analysis. The demographic variables considered for this study includes age, gender and education. The regression analysis revealed that wellbeing of the family is related to woman’s involvement in taking care of children, involving in household activities and maintaining good relations with children. The discriminant analysis reveals that there is no difference between the genders regarding her employment. The mind set of women taking care of children and household activities still remain priority but their perception that husband’s earning should be more than wife and spending extra time outside for official purpose is not given significance. There is a positive change in the attitude of the rural society towards woman’s employment. Her involvement in childcare and household activities is for the wellbeing of the family and for the future generation. This positive outlook encourages more women to the workforce in rural areas.

Twitch the Corporate Green Tale - An Empirical Study on the Learning Styles to Enhance Green Supply Chain Practices

<p>With an increasing awareness of environmental impacts, corporates are migrating from traditional supply chain operations to green supply chain operations. In this endeavor of corporate greening, employees’ roles and functions are transformed to become extensions of learning roles to enhance green practices. The employees, through their job roles, are receptive to learning about green supply chain practices in different ways through different learning styles. Understanding which learning style enhances green supply chain practices in the organization will be beneficial to structure appropriate learning interventions. For this study, 12 manufacturing companies were selected based on convenience sampling. In total, 270 respondents were chosen based on disproportionate stratified random sampling from 12 manufacturing companies through questionnaire. Bayesian Linear Regression was performed on the data collected. This empirical study establishes that employees’ learning styles can play a pertinent role in enhancing green practices in organizations. The learning styles drive, support and exploit the full-fledged potential of Green Procurement and Green Manufacturing practices but no significant impact on Green Distribution and Reverse Logistics. The understanding derived from the analysis is depicted as ‘Learn and Act’ Cycle of green supply chain practices.</p>

Editorial

No Abstract.

The Application of Corporate Governance Principles in the Banking Sector in Sri Lanka – An Overview

<p>All economies in the world are propelled by banks and the banking industry. Since the end of the war, Sri Lanka’s development has been accelerated and banks play a prominent role in the economy as they finance growth and development. Corporate Governance (CG) is seen as a particularly important regime for banks, due to their engagement with public funds, the public’s confidence and trust is of paramount importance to a bank’s stability. It is crucial that laws and regulations provide a versatile framework for good governance of the banking sector. This study critically examined the state of CG development and its underlying implications in the banking sector. Primarily, the relevant provisions of the Companies Act, Banking Act and the Monetary Law in Sri Lanka were evaluated, in addition to the other relevant laws, in order to ascertain whether they provide an adequate framework to ensure proper CG of banks. The Central Bank of Sri Lanka (CBSL) has improved its capacity over the years to supervise, enforce and maintain financial stability. It ensures the safety and stability of banks at all times and has taken steps to implement risk management, BASEL II, for tight CG of banking. A mandatory code of CG has been issued by the CBSL, requiring all banks to fully comply with the rules on or before the 31^st of January 2009. This study also explores the scope, extent, impact and the effectiveness of the supervisory and regulatory role of the CBSL and identifies the challenges faced by it when addressing the CG issues in the banking industry.</p>

DIE EMPTY: Unleash Your Best Work Every Day# Todd Henry

No Abstract.

Measuring the Performance Efficiency of State Bank of India and HDFC Bank using Balanced Score Card

<p>The research article presents performance analysis of the State Bank of India Ltd and the HDFC Bank Ltd using Balanced Score Card (BSC) developed by Robert Kaplan and David Norton. It attempts an analysis to develop a deep understanding of the concept of BSC as a tool for strategy mapping and measurement of performance of a public sector bank and a private sector bank as mentioned elsewhere. BSC is a performance evaluation system not only based upon financial parameters, but also on non-financial aspects like customer indicators, internal business processes and employee learning and growth. Actual performance data from years 2009 to 2019 and business indicators of the year 2020 of the Banks are used for this purpose. The BSC model was developed to address the problems and limitations of relying only on financial measures for strategy formulation and measuring organizational performance. The study revealed that Gross NPA of SBI has increased while that of HDFC Bank has reduced during the period of study. Obviously the ROA is also better for HDFC Bank compared to that of SBI. It is inferred that HDFC Bank has garnered more net profit than SBI during the period of study. HDFC Bank has shown better performance compared to SBI according to the current study. The implication of the study is that both the banks have to visit all the areas of their business to ensure growth in financial performance, better customer service, efficient internal processes and higher learning and growth in the future years. This could ensure better profit management and risk management.</p>

Women in IT-ITES Industries: Their Coping Styles and Quality of Work Life

<p>Women have chosen to establish their names in the competitive globe along with being good home-makers. Information Technology-Information Technology Enabled Services (IT-ITES) industries have helped women to establish their names in the competitive globe along with being good home-makers. With increasing responsibilities, women have been subjected to increasing stress. Women tend to use different coping styles to protect themselves against stress. Not all coping mechanisms are healthy. Meanwhile attention needs to be paid on the quality of their work life, as it’s a very competitive and dynamic industry. This study emphasizes on the different coping styles adopted by the women employees, their quality of work life and the relationship between these two variables. The research design used for the study is descriptive design. The researcher adopted convenient sampling technique to collect data from 307 women employees representing six IT-ITES companies in Bangalore city. The study revealed that the ‘distractive positive’ method of coping style was the most widely used by the women employees. The ‘quality of work life’ of these women employees was on the higher side. The results also showed that there is a significant relationship between coping style and quality of work life.</p>