The purpose of this article is to unearth the dimensions of quality of work life and work–life balance and to find the impact of the quality of work life on work–life balance. Data have been gathered from 89 managers of public and private sector banks in India using a convenience sampling method and analysed using principal component analysis and multiple regression analysis. Both qualities of work life and work–life balance are multidimensional constructs. Results indicate that the productivity dimension of a work–life balance was influenced by all dimensions of quality of work life except grievance redress. Further, the skill deployment dimension was predicted by all three dimensions of quality of work life. However, none of the quality of work life dimensions had any relation with the efficiency dimension of work–life balance. The study will help managers to ensure employee productivity and skill deployment by enhancing the quality of work life. The study has relevance for employee welfare and organizational output. The study has unearthed new dimensions in quality of work life and work–life balance and has established new relationships.
Indian economy in the recent past had experienced a volatile situation in its financial markets. Forex markets witnessed continuous weakening of rupee against dollar, followed by rise in crude oil prices, gold prices, inflation rate which made RBI to interfere with its hike in policy rates to curb the inflation. Effect of one market on another market is not a new thing, but the variations in the degree of impact and co-movements between the markets need to be examined. The main objective of this article is to study the causal relationship between oil, gold, forex and stock markets, for a period ranging from January 2005 till July 2015. This study employs the Granger causality test. The results indicate that the existence of only unidirectional relationship among the variables. The Granger causality test reveals that oil prices contribute towards development and forecasting of exchange rate and gold prices, whereas fluctuations in oil prices are granger caused by Sensex.
Although several studies on the integration of diverse stock markets have been conducted in the financial literature, most of them have focused on the integration and volatility spillovers across established stock markets. The present study explores the dynamics of integration and volatility spillover across gold, oil, forex, and stock markets during four significant events in India: the pre-changed government regime, the post-changed government regime, the post-Brexit referendum date, and the COVID era. Daily data from 2010 to 2022 is divided into four categories using the Chow test. This is done to examine if these events’ financial turmoil affects market interconnectivity. The unit root test determines data stationarity. The ARCH LM test examines series volatility clustering, and the BEKK GARCH test examines market volatility spillover. Results indicate that gold cannot be considered a hedge or safe haven. Secondly, market interconnectedness increased during the crisis period. Third, domestic political and geopolitical conditions globally do not increase the scale of spillover amongst financial assets, though they impact the spillover’s magnitude. The results of this study have several important implications for portfolio diversification and risk management.
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