Govind Jnawali - Academia.edu (original) (raw)

Papers by Govind Jnawali

Academic Journal of DAMC, 2023

This study examines the influence of macroeconomic variables on the Nepalese stock market by empl... more This study examines the influence of macroeconomic variables on the Nepalese stock market by employing an econometric model. Monthly data from mid-July 2001 to mid-July 2020 is analyzed to explore long- and short-term relationships. The study considers macroeconomic variables such as broad money (M2), the USD to NPR exchange rate (EXR), the consumer price index as a proxy for inflation (INF), and the T-Bill 91 days as a proxy for the interest rate (INT).The NEPSE index (NEPIN) is used as the dependent variable. The unit root test results reveal that only the interest rate variable is stationary or integrated at levels
I (0), while the other variables are stationary at the first difference I(1)). Given this mixed integration, the autoregressive distributive lag (ARDL) model is employed to determine the short-run and long-run relationships between macroeconomic variables and stock market development. The findings from the ARDL bound test confirm the presence of a long-run relationship between macroeconomic variables and stock market development. In the long run, there is a significant negative
relationship between money supply and stock market development. However, the other variables do not exhibit sufficient statistical evidence to be considered significant. In the short run, both the money supply and the USD NPR exchange rate show a negative and significant relationship with stock market development. On the other hand, inflation and the interest rate display statistically insignificant relationships with stock market development. Additionally, the study finds that the error correction term or co-integrating equation is negative and significant at the 1
percent level of significance. However, the adjustment process towards long-run equilibrium has a low speed of 2.76%. This indicates that deviations from the short-run equilibrium are corrected gradually, with only 2.76% of the disequilibrium being adjusted each month following a shock. As a result, it would take a considerable amount of time to return to long-run equilibrium. In conclusion, this study demonstrates the impact of macroeconomic variables on the Nepalese stock
market. Money supply is identified as a significant factor affecting stock market development in the long run. However, the relationships in the short run are more nuanced, with money supply and the USD to NPR exchange rate exerting negative effects while inflation and the interest rate show little statistical significance. The slow adjustment process toward long-run equilibrium highlights the need for careful monitoring and timely policy adjustments to maintain market stability.

Quantitative research is based on positivism which holds that there are facts with objective real... more Quantitative research is based on positivism which holds that there are facts with objective reality that can be expressed numerically. Quantitative research is very important in different variables of English language education. This paper presents the uses and limitations of quantitative approaches to educational research with a particular focus on English language Education. It was a narrative literature review the researcher had gone through the relevant literature and analyzed and interpreted the information in different themes. The findings of the study revealed that quantitative research is the dominant method in English language education; researching four language skills, different aspects, teaching methods, motivation, language testing, and assessment by using statistical techniques of research. It is also found that quantitative research in English language education provides a systematic and data-driven approach to understanding language acquisition, improving instruction, and informing educational policies and practices. This paper revealed that quantitative research is unable to capture the full range of factors and variables that influence language acquisition, such as sociocultural context, individual motivations, and affective factors. Variations in learning styles, prior knowledge, cultural backgrounds, and personal motives that affect language learning outcomes could not be adequately accounted for by quantitative research. It is also found that there is a challenge to obtain informed consent, protect participant anonymity, and ensure fair representation, particularly in large-scale studies or analyses of existing datasets.

Deleted Journal, Dec 31, 2023

The study aims to investigate how macroeconomic and bank-specific factors affect Nepalese commerc... more The study aims to investigate how macroeconomic and bank-specific factors affect Nepalese commercial banks' profitability. The panel data were collected from 16 Nepalese commercial banks for the fiscal year 2006/07 to 2020/21. The bank's profitability is measured by net interest margin (NIM) and return on assets (ROA). The bank-specific variables considered in this study are bank size, capitalization, credit risk, deposit-to-total-assets ratio, capital adequacy ratio, and credit-to-deposit ratio. In addition, interest rate, broad money supply, inflation rate, and growth rate of the GDP are used as macroeconomic independent variables. The results of random effect model showed that the most significant bank-specific factor influencing Nepalese commercial banks' profitability is bank size. Furthermore, the results reveal that the bank-specific factors namely bank size, credit risk, deposit-to-total assets, capital adequacy ratio, and credit-to-deposit ratio significantly increase net interest margin (NIM). Regarding the macroeconomic factors, the findings have explored that interest rates, inflation, economic growth, and the size of the money supply all significantly affect NIM. However when it comes to ROA, the data demonstrate that, aside from interest rate, all macroeconomic factors significantly affect the bank's profitability as determined by ROA.

Butwal Campus journal, Dec 31, 2023

This paper aims to evaluate household customer satisfaction towards solar energy in Rupandehi dis... more This paper aims to evaluate household customer satisfaction towards solar energy in Rupandehi district, Nepal. In order to address research issues, the study used questionnaire survey among 105 respondents during February to April, 2023. Multiple linear regression model was used to evaluate household customers' satisfaction based on characteristics of the product, customer services, contribution of the product and government support criteria. The research results showed that characteristics of the solar panel product (efficiency, durability convenient to use, price and quality) are highly concerning satisfaction criterion. Based on the results obtained of this study, it is concluded that there are high opportunities to manufacturers and solar panel service providers to keep their household customers satisfied by providing effective after sales service. Although, contribution of the solar panel energy towards energy needs of household customers is the less concerning criterion. There is large area for expansion to be made to increase solar energy market through the proper government initiation. The main implication of this study is that manufacturers should attention while designing, pricing and producing solar energy products to satisfy their customers for a long time. The results obtained may be useful to solar panel manufacturers, service providers, government authorities and researchers.

Nepalese Journal of Insurance and Social Security

This paper aims to investigate the determinants that affect the buying of life insurance in Kapil... more This paper aims to investigate the determinants that affect the buying of life insurance in Kapilvastu district of Nepal. Primary data have been collected through structured questionnaire out of 384 life insurance policy holders resident of Kapilvastu district of Nepal. Sample was selected by purposive sampling method. The study concludes that life insurance demand in terms of premium paid is significantly associate with gender, level of education, occupation, economic class, family size and monthly income of respondents whereas life insurance demand is not significantly associated with age, religion and marital status. The study further suggests to the life insurance companies to emphasize selling of life insurance policies to the people having more income, more family members, and educated people.

Introduction: COVID-19 is a viral respiratory disease caused by severe acute respiratory syndrome... more Introduction: COVID-19 is a viral respiratory disease caused by severe acute respiratory syndrome coronavirus2 (SARS-COV-2). The number of COVID-19 cases has been gradually increasing in Nepal among public and health care workers. The objective of the study was to assess the knowledge, attitude and practice Regarding Covid-19 pandemic among nurses working in selected hospitals of Rupandehi, Nepal. Methods A cross-sectional study was conducted among 260 nurses working in hospitals located in Rupandehi : district. The data was collected by using semi-structured self-administered questionnaire and was analysed by using descriptive and inferential statistics with SPSS version 26. Results: Out of 260 participants, 91.2% had adequate knowledge regarding COVID-19 pandemic. The majority (99.2%) of respondents had positive professional attitude regarding COVID-19 pandemic whereas (0.8%) had negative professional attitude. There was a significant difference in attitude score with working area(p=0.003), and working hour(p=0.020). There was a significant association between working experiences in years(p-value=0.001), working area (p-value=0.046) and working hour per week (p-value=0.024) with level of knowledge on COVID-19 pandemic. Where practices of nurses are significantly associated with training of Infection Prevention on COVID-19 and donning and doffing of PPE(p-value=0.000) and WHO protocol for triage and isolation of suspected cases of COVID-19(p-value=0.031) which is less than p-value=0.05. Conclusion:The majority of nurses working in hospital from Rupandehi, District, Nepal had adequate knowledge and good practice on Infection prevention regardless of adequate training and had a positive professional attitude towards COVID-19 pandemic clients.

The Lumbini Journal of Business and Economics

In the context of Nepal, this study investigates the long- and short-term factors that affect inf... more In the context of Nepal, this study investigates the long- and short-term factors that affect inflation with monthly time series data of fiscal year 2016/17 to 2021/22 (72 observations) employing the ARDL bounds test and error correction technique of econometric analysis. In order to identify the order of integration, the stationary of all variables were investigated by running PP test. Variables are found to be stationary at the level I (0) and first I(1) difference. In this study, Consumer Price Index (CPI) is the dependent variable, and Interest Rate (IR), Broad Money Supply (M2), Government Expenditure (GE), and Consumer Price Index of India (CPII) are the independent variables. The study shows that government expenditure is the most significant determinant of inflation in the long run, followed by interest rates. This study has also shown that inflation is negatively related to broad money supply and government expenditure with high significant. In contrast, the interest rate a...