Drawing on social exchange theory, this study explores the relationship between high-performance work systems (HPWS) and proactive work behavior. We also examined whether psychological empowerment mediated the effects of HPWS on employees' proactive behavior. Using a sample of 247 employees employed by three large manufacturing firms in Bangladesh, results from structural equation modeling and hierarchical regression analyses showed that HPWS was positively related to proactive behavior. The results also suggested that psychological empowerment mediated the relationship between HPWS and proactive behavior. The theoretical and practical implications of these findings are discussed.
Efficient Market Hypothesis (EMH) hasattracted a considerable number of studies in empirical finance, particularly in determining the market efficiency of an emerging financial market that is Dhaka Stock Exchange (DSE). Conflicting and inconclusive outcomes have been generated by various existing studies in EMH. In addition, efficiency tests in the emerging financial markets are rarely definitive in reaching a conclusion about the issue. This paper recommend a paradigm of non-parametric tests of market efficiency for an emerging stock market, that is DSE, consisting of non-parametric test which is autocorrelation function tests (ACF), to establish a more definitive conclusion about EMH in emerging financial markets. The result of this research using Dhaka Stock Exchange General Index (DGEN) demonstrates that a positive autocorrelation on Dhaka Stock Exchange returns exists particularly in the period of 2001-2013 and DSE doesn't hold weak form of efficiency and not following the Random walk model. The inefficiency of the Dhaka Stock Exchange follows on from the violation of the necessary conditions for an efficient market with a developed financial system and also implies financial markets and institutional imperfections.
Globalization is a buzzword today encompassing every sphere of modern life denoting integration of economies under free trade, privatization and liberalization. Unlike many other theories, globalization has its merits along with its demerits especially for intensifying discrimination against different groups. In this regard, in a world irrespective of society and culture where a major portion of women posits a vulnerable and less-benefited role in every sphere of life, it is essential to inquire into the globalization process with a gender perspective. This process could be termed as 'Gendering Globalization', where different implications of globalization, whether positive, negative, or neutral would be critically examined in reference to different literature, research and compiled data theoretically. Following this methodology, this study endeavors to find out the effects and more importantly the process of globalization of gender. Finally, it gives some recommendations to relate growth, gender and globalization in a purpose of 'Re-Gendering Globalization' as a development goal.
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