Management Dynamics <p>Management Dynamics is a NepJOL-registered journal renowned as a National Index Journal with a DOI equivalent to the UGC journal ranking. It is a management-focused, double-blind, peer-reviewed journal that enhances interdisciplinary research. Management Dynamics is being published by Shanker Dev Campus, a top-ranked constituent campus of Tribhuvan University, Nepal. Through the continuous publication of the journal, which incorporates contemporary issues in the social sciences, Shanker Dev Campus seeks to establish and strengthen the knowledge network among academicians, researchers, management leaders, and business owners.</p> Faculty of Management, Shanker Dev Campus, Tribhuvan University, Nepal en-US Management Dynamics 2091-0460 <p>Copyright © Research Management Cell, Shanker Dev Campus</p> Cultivating Job Satisfaction: Influence of Transactional Leadership in Nepali Commercial Banks <p>The transactional leadership style is a result-oriented approach to providing job satisfaction inside an organization while ensuring productivity. The present study aims to determine the dimensions of transactional leadership styles and the relationship between transactional leadership style and job satisfaction in the context of Nepali commercial banks. This research used a survey design to gather data from one hundred fifteen employees from Nepali commercial banks. The study utilized simple random sampling techniques, and data was collected using a questionnaire that required respondents to rate their level of job satisfaction with dimensions of transactional leadership styles using a five-point Likert scale. The study shows a significant relationship between dimensions of transactional leadership style and job satisfaction in Nepali commercial banks. This study concludes that transactional leadership is the most influencing leadership style for job satisfaction and suggests the exercise of transactional leadership style in Nepali commercial banks.</p> Dhan Raj Chalise Vishal Paudel Copyright (c) 2023 Research Management Cell, Shanker Dev Campus 2023-10-11 2023-10-11 26 1 1 9 10.3126/md.v26i1.59145 Financial Literacy and Investment Decisions in Nepalese Share Market <p>This study examines the role of financial literacy on the investment decisions of investors in the Nepalese share market. Financial literacy is expressed in personal saving, risk tolerance, investment options, and financial knowledge. The data were collected through a structured questionnaire using the convenience sampling method from 384 respondents of Kathmandu Valley. Pearson correlation and multiple regression analysis have been used to analyze data. The study results revealed a positive and significant relationship between the dimensions of financial literacy and investment decisions in the Nepalese share market. Low financial literacy and lack of financial information affect the ability to save and make sound financial decisions. Ignorance of basic financial concepts results in negative behavior in saving and investment decisions. The study suggests conducting financial education programs to help improve investors’ savings and financial decisions.</p> Dhruba Prasad Subedi Copyright (c) 2023 Research Management Cell, Shanker Dev Campus 2023-10-11 2023-10-11 26 1 11 20 10.3126/md.v26i1.59147 Systematic Risk and Cross Section of Equity Returns: Evidence from Nepalese Insurance Sector <p>This research analyzes the impact of firm-specific characteristics on the cross-section of equity returns of insurance companies in Nepal. For this purpose, the study used 22 insurance companies listed in the Nepal Stock Exchange (NEPSE), comprising seven life and 15 non-life insurance companies. To make a balanced panel, those companies are selected as samples that have completed at least seven years of operation until the end of 2021 and are listed in NEPSE. The secondary data from 2015 to 2021 is analyzed using panel regression models. The Breusch-Pagan and Hausman tests are used to select the best panel model, and the random effect model is the best estimation model. The study reveals that systematic risk associated with the stock can explain the stock’s risk premium, proving that the notion of CAPM holds in the context of Nepal as stock beta is positive and significant in all tested models. Similarly, the book-to-market ratio is found to be negatively affecting the stock return. On the other hand, earning yield positively affects the stock return, and firm size negatively impacts equity returns. However, the investment rate and leverage are insignificant to affect equity returns. Therefore, stock investors are recommended to select alternatives based on systematic risk, earnings yield, and BM ratio. The findings also suggest to corporate policymakers that merger and acquisition cannot maximize shareholders’ wealth because it only increases paid-up capital, and this leads to decreased equity returns due to an increase in the book-to-market ratio and size of the firm.</p> Durga Datt Pathak Jhabindra Pokharel Copyright (c) 2023 Research Management Cell, Shanker Dev Campus 2023-10-11 2023-10-11 26 1 21 32 10.3126/md.v26i1.59148 Interplay of Financial Socialization, Financial Behavior, and Adult Financial Well-being <p>Financial well-being has significantly more importance in life than it used to be a few decades back, as more and more people face financial distress and financial problems. Concerning the importance of financial well-being, this study intends to unearth the impact of financial socialization and behavior on young adults' financial well-being. The study population was young individuals aged 18-29 years, and the responses were collected through an online questionnaire using Google Forms. The study adopted the quantitative approach, for which the data from 391 respondents was collected. Subsequently, the data was analyzed with the help of Smart-PLS, where reliability and validity were established, and the hypothesis and relation were tested through path analysis. The result indicated that financial socialization and financial behavior significantly impact young adults' financial well-being. However, financial behavior's impact was more significant than financial socialization. Thus, to increase the financial well-being of young adults, different educational programs that will positively impact financial socialization and behavior should be implemented, which may lead to financial stability and a strong financial base.</p> Pradeep Acharya Omkar Poudel Copyright (c) 2023 Research Management Cell, Shanker Dev Campus 2023-10-11 2023-10-11 26 1 33 42 10.3126/md.v26i1.59149 Organizational Culture Orientation and Union Influence <p>Employee unions are indispensable components of organizational success. The role of the employee union, which could be a consequence of organizational culture, determines the degree of an organization’s success. This study aims to explore the employee unions’ influence on the different cultural orientations of the organization. The study is based on survey data from 23 sample organizations’ 479 respondents. This study employed a mixed approach: a qualitative approach for understanding the fundamentals of employee unions and their influence in the Nepalese context and a quantitative approach for estimating unions’ influence. OCAI to determine the cultural orientation of sample organizations. A survey questionnaire was distributed to the employees, management leaders, and union leaders as respondents to estimate the influence of employee unions. Word clouds, OCAI charts, and descriptive statistics were used to conclude the study. Findings revealed unions’ influence on organizations in different functions like recruitment and selection, training and development, compensation, and the working environment. Union influence is found to be more active and influential in hierarchy culture than in market culture. This study contributes to the Power Resource Approach and Social Exchange Theory. It encourages the organizations’ leaders to orient their culture toward market culture to foster a fair, transparent, and competitive work environment and lessen the adverse influence of employee unions.</p> Prakash Kumar Gautam Rishi Raj Gautam Copyright (c) 2023 Research Management Cell, Shanker Dev Campus 2023-10-11 2023-10-11 26 1 43 55 10.3126/md.v26i1.59150 Examining Career-Orientation Determinants of Managerial Roles in Nepal <p>This study examines the factors influencing career orientations among Nepalese professionals and students. The objective is to explore the correlations between proactive personality, ambition, career self-management, mentorship relationships, commitment, and career orientations. The research uses a sample of 275 participants involved in managerial roles in different corporate houses. The study adopted descriptive and causal-comparative approaches. The major findings reveal significant positive correlations between these factors and career orientations. Regression analysis underscores the substantial predictive role of ambition (β = 0.302), career self-management (β = 0.302), and commitment (β = 0.370), indicating their significant impacts on career orientations. These insights contribute to a deeper understanding of the interplay of individual attributes and external factors in shaping career trajectories. Future research could expand geographically and adopt longitudinal perspectives to enrich these findings and recommendations for enhancing career development practices.</p> Surendra Prasad Joshi Binod Ghimire Sugam Subedi Prajwal Karki Copyright (c) 2023 Research Management Cell, Shanker Dev Campus 2023-10-11 2023-10-11 26 1 57 68 10.3126/md.v26i1.59151