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Factors Influencing Multicultural Team effectiveness in Nepalese Financial Institutions of Kathmandu Valley Sedhai, Gopal Prasad; Singh, Gobind Kumar; Thapa, Shweta
International Journal of Multidisciplinary Approach Research and Science Том 3 № 02 (2025): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v3i02.1528

Abstract

The effective management of multicultural teams is crucial for fostering a harmonious and productive work environment in Nepalese financial institutions, particularly within the Kathmandu Valley. This study investigates the dimensions influencing multicultural team effectiveness, including working environment, communication quality, superior’s support, remuneration, and cultural intelligence. Employing descriptive and causal comparative research designs, the study utilized convenience sampling to gather primary data from 418 respondents across 17 commercial banks. A structured questionnaire was administered, and Cronbach's alpha was employed to assess reliability. The analysis revealed that working environment, communication quality, superior's support, and cultural intelligence has positive and significant impact on multicultural team effectiveness. However, remuneration has negative and insignificant influence on the multicultural team effectiveness. The study concludes that improvements in working environment, communication quality, superior’s support, remuneration, and cultural intelligence were associated with enhanced team performance. The findings highlight the necessity for financial institutions to implement strategies that promote effective management of multicultural teams. Recommendations include providing meditation sessions to alleviate work-related stress, fostering an inclusive culture through team-building activities, and offering training on cultural sensitivity and communication styles. This research adds to the existing literature by providing empirical evidence on the factors influencing multicultural team effectiveness in Nepalese financial institutions and outlining practical management strategies.
Market Response to the Launch of Indonesia’s Sovereign Wealth Fund Siska, Elmira; Aryal, Narayan Prasad; Singh, Gobind Kumar; Indra, Natal
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 4 (2025): May 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i4.7184

Abstract

This study aims to investigate the short-term impact of Danantara’s launch, a newly established sovereign wealth fund in Indonesia, on market performance. A quantitative research design is employed in this study with an event study approach. The observed variables are stock returns and trading volume during 15 trading days before the launch of Danantara and 15 trading days after the launch of Danantara. Data were obtained from the IDX report. Paired-sample t-tests were conducted to identify any significant differences in Jakarta Composite Index (JCI) returns and trading volume. The results show no statistically significant changes in either variable, indicating that the market may have already priced in the policy or remained cautious due to limited information regarding the fund’s governance and implementation. Theoretically, these findings suggest that policy announcements do not necessarily trigger immediate market reactions when clarity is lacking. Practically, the study highlights the importance of transparent governance structures and effective communication in shaping investor sentiment. Future research could extend the observation period to capture delayed market responses and incorporate additional variables for a more comprehensive understanding of Danantara’s long-term effects.