WORK-LIFE BALANCE OF WOMEN IN HIGHER EDUCATION SECTOR: AN ASSESSMENT OF THEIR ORGANIZATIONAL SUPPORT
Mufeed Ahmad and Ambreen Wani
Despite the vast research on human resources, little is known about the perspective of perceived organizational support in helping women faculty in professional education to strike the desirable balance between their work and non-work activities. This paper studies the role of Organizational Support in relation to Work-Life Balance of working women. India in general and Jammu and Kashmir (J&K) in particular, shows paucity of research conducted in this area. Therefore, this paper empirically examines the influence of these three dimensions on the Work-Life Balance of women faculty at college and university level in Kashmir. The results of the study indicated that all the factors were significantly related to a woman’s Work-Life Balance. This means that modern organizations should frame robust organizational policies aimed at supporting and enhancing career development of women professionals at work.
ANALYZING THE REASONS FOR THE GLOBAL POPULARITY OF BTS: A NEW APPROACH FROM A BUSINESS PERSPECTIVE
Jimmyn Parc and Yeogeun Yonsue Kim
This paper analyzes the reasons for the global popularity of the Korean boy band BTS that has been at the center of the growing popularity of Korean pop music or K-pop. To address this issue more comprehensively, this paper utilizes a framework derived from a business approach which has been so far little attempted. In contrast from existing studies that focus on fandom and its activities, this paper argues that instead of egocentric strategies, sophisticated consumer-oriented strategies by utilizing internationalization and digitization are the key to its global popularity, which have helped BTS and their managing company Big Hit Entertainment to overcome all the disadvantages they faced before while reinforcing exiting advantages and creating new ones. By doing so, BTS has gained their global success and become Korea’s top boy band.
EFFECTS OF COVID-19 PANDEMIC ON DIESEL: A BOON OR BANE IN THE INDIAN CONTEXT
Ajay Kumar Shinghal, Vibhor Paliwal, and Harish Nagar
The ongoing Covid-19 pandemic has had a serious impact on the global economy and has brought a considerable part of the industry, worldwide, to a standstill. Long unprecedented lockdowns worldwide, to control the spread of corona virus, have affected many individuals and businesses which led to a fall in consumption of commodities to a level never seen before. Shutdown of travel and commercial activities during the lockdowns resulted in reduction of oil import and diesel consumption in India. The reduced consumption of commodities has, in turn, affected the government’s tax revenue. Despite the biggest drop in crude oil price in global market since 1991, the retail price of diesel in India has touched a new high-level record. It was because, in order to overcome the debilitating effects on both the central and state finances, the Indian government has doubled the taxes on diesel. Across the world, diesel is commonly used by various sectors as a means of transporting and electricity generating fuel. It is essentially a price-determining commodity. Therefore, any change in its price may affect the economy to the micro-level, including nation’s Gross Domestic Product (GDP). This study aims to assess the significant effects of the pandemic situation of Covid-19 on diesel in the Indian context.
A NEW APPROACH TO THE CAUSE AND PROGRESS OF FINANCIAL CRISIS FOR THE MANAGEMENT OF A FIRM AND THE NATION
Yongshik Choe and Hyun-jung Kim
In this paper, we try to reveal the principles that cause the processing stages of economic crisis as follows. First, most of economic crises are caused by a financial crisis because financial variables have the biggest variation in the economy as the principles of credit creation and credit destruction work altogether. Second, most of financial crises go through three stages of manias, panics, and crashes as Kindleberger clarified. Third, manias are caused by the time-shift of demand from the future which increases further the current demand and raises the prices of real estate and stocks. Fourth, panics are caused by the hollowing-out of demand which is caused eventually by the demand time-shift, with bubbles broken. Fifth, crashes are caused by the principle of credit destruction which decreases the money amount by the credit multiplier, resulting in a financial crisis. When this principle of financial crisis is understood well, it would be possible to foresee the development of the financial crisis and to prevent some damages such as a bankruptcy due to a sudden lack of liquidity. Then the crisis management would be performed better than before. This paper would contribute to a successful business management and to the evolution of economics.
THE IMPACT OF CURRENT ACCOUNT DEFICIT ON ECONOMIC GROWTH: AN ARDL APPROACH
Tamma Koti Reddy and T. Sita Ramaiah
In this study, we examine the linkages between External debt, Exchange rate, Current account deficit, and GDP at Factor cost for India over the period of 1975-76 to 2018- 19 using the Unit root test and Autoregressive Distributed Lag (ARDL). The results of the unit root test reveal that GDP growth rate and External debt are integrated at the level I(0); while the Current Account deficit and Exchange rate are integrated at first order I(1). The results of the ARDL technique reveal that the current account deficit has a positive and significant impact on Real GDP. It clearly reflects the role of imports in accelerating the growth of a developing economy like India. There is also evidence that the external debt has a positive and significant impact on the Current account deficit while the Exchange rate does not have an impact on the Current account deficit. The authors opine that the external debt assists in a gradual reduction in the current account deficit and contributes to economic growth by narrowing down the saving-investment gap. As the demand for Indian exports is inelastic in the global market, the country has not benefitted from the depreciation of its currency. The authors stressed the need for focusing on further diversification of its export markets, creating a conducive environment for attracting longer-term FDIs, liberalization, promoting commercial services exports, and achieving exchange rate stability in the context of the USA-China trade war and stagnation in the world output growth. Huge untapped potential for IT-enabled services should be exploited to promote service trade. The authors point out the current account deficit in the range of 2-3 percent of GDP can be manageable.