The mediating role of work-family conflict in the relationship between supervisor support and job satisfaction

With the increase in single mother employees, there has been an increased concern over the work-family conflict that they experience in trying to balance the demands of work and family roles. Recognizing the impact of the conflict on job satisfaction and the need for supervisor support, this study examines the interrelationships between these variables, and the mediating role of work-family conflict in the relationship between supervisor support and job satisfaction. Data were gathered from 159 Malaysian single mother employees, aged 45 and below, using self-administered questionnaires. Results of correlation analyses reveal that work-family conflict is negatively related to supervisor support (r=-.23; p<.05) and job satisfaction (r=-.35; p<.05), and supervisor support is positively related to job satisfaction (r=.19; p<.05). Results of regression analyses indicate that work-family conflict mediates the relationship between supervisor support and job satisfaction. Supervisor support leads to a reduction in work-family conflict (β=-.23; p<.05) which in turn leads to a reduction in the level of job satisfaction (β=-.32; p<.05). The results suggest the importance of providing social support at the workplace to help single mother employees reduce the conflict that they experience and subsequently increase their job satisfaction

The construct of policy leadership: a conceptual framework

This paper provides a framework in defining and presenting the concept of “policy leadership”. Policy leadership are activities that leaders in organizations take to guarantee that the internal and external policy environments keep on being beneficial to the purpose, culture, and changing circumstances of the organization. Policy leadership is not just restricted to the acknowledgment of policy unquestioningly, yet it is likewise worries on the improvements, and changes but it provides the basis for policy execution and implementation in organizations. This type of leadership is significantly important for leaders who are encircled and enclosed with internal and external policies in their organizations that need them to deal proactively and positively within the policies for organizational well-being and its effectiveness. This emerging concept will assists leaders in understanding the ‘what’ and ‘why’ of policy leadership. Besides that, policy leadership provides an opportunity for understanding the role of leaders engaging in policies to achieve organizational effectiveness. However, future research is needed to empirically validate the concept through systematic investigations that sheds light on the constructs and later devise a scale to measure policy leadership

Information transmission between Islamic stock indices in South East Asia

PurposeThe purpose of this paper is to investigate the transmission of information (at return and volatility level) as well as the correlation between Kuala Lumpur Syariah and Jakarta Islamic Indices.Design/methodology/approachThe daily return from July 4, 2000 to December 29, 2006 was employed in the bivariate VAR GJR‐GARCH model.FindingsThe results indicate significant unidirectional return and volatility transmissions from Kuala Lumpur Syariah and the Jakarta Islamic Indices. There is no evidence of asymmetric effects in volatility for both markets. However, volatility is highly persistent and mean‐reverting in each market. The findings also revealed that there is low correlation between the two Islamic stock markets investigated.Research limitations/implicationsThe data used in this study are limited to the Islamic stock markets located in South East Asia, concentrating more on the post‐economic crisis period analysis. Further research may be conducted using a different time period and frequency of data while utilizing more Islamic indices. In addition, future research may look at and compare the market interdependence of Islamic stock markets in different economic conditions such as the pre‐economic crisis period, during an economic crisis period or post‐economic crisis period.Practical implicationsMarket participants such as investors and market analysts should include the Malaysian Islamic stock market in forecasting market price movement and the volatility of the Indonesian Islamic stock market. In addition, both the Kuala Lumpur Syariah and Jakarta Islamic Indices offer potential for diversification to investors who wish to create an Islamic portfolio investment. From the regulator point of view, this study highlighted the fact that the Jakarta Stock Exchange should consider the Malaysian Islamic stock market in setting its policy to control the volatility of the Indonesian Islamic stock market because the source of volatility in Indonesian market is not only from the market itself, but also from the Malaysian market. On the other hand, in controlling the volatility of the Islamic Malaysian market, Bursa Malaysia should only implement a policy related to the Malaysian market because the source of volatility only comes from the local markets. Finally, the policy makers in both markets do not need to implement long‐range measures to reduce the impact of volatility persistence in these markets.Originality/valueThis is the first paper to investigate information transmission and market interdependence between the Islamic stock markets in South East Asia.</jats:sec

Information transmission between Islamic stock indices in South East Asia

Purpose – The purpose of this paper is to investigate the transmission of information (at return and volatility level) as well as the correlation between Kuala Lumpur Syariah and Jakarta Islamic Indices. Design/methodology/approach – The daily return from July 4, 2000 to December 29, 2006 was employed in the bivariate VAR GJR-GARCH model. Findings – The results indicate significant unidirectional return and volatility transmissions from Kuala Lumpur Syariah and the Jakarta Islamic Indices. There is no evidence of asymmetric effects in volatility for both markets. However, volatility is highly persistent and mean-reverting in each market. The findings also revealed that there is low correlation between the two Islamic stock markets investigated. Research limitations/implications – The data used in this study are limited to the Islamic stock markets located in South East Asia, concentrating more on the post-economic crisis period analysis. Further research may be conducted using a different time period and frequency of data while utilizing more Islamic indices. In addition, future research may look at and compare the market interdependence of Islamic stock markets in different economic conditions such as the pre-economic crisis period, during an economic crisis period or post-economic crisis period. Practical implications – Market participants such as investors and market analysts should include the Malaysian Islamic stock market in forecasting market price movement and the volatility of the Indonesian Islamic stock market. In addition, both the Kuala Lumpur Syariah and Jakarta Islamic Indices offer potential for diversification to investors who wish to create an Islamic portfolio investment. From the regulator point of view, this study highlighted the fact that the Jakarta Stock Exchange should consider the Malaysian Islamic stock market in setting its policy to control the volatility of the Indonesian Islamic stock market because the source of volatility in Indonesian market is not only from the market itself, but also from the Malaysian market. On the other hand, in controlling the volatility of the Islamic Malaysian market, Bursa Malaysia should only implement a policy related to the Malaysian market because the source of volatility only comes from the local markets. Finally, the policy makers in both markets do not need to implement long-range measures to reduce the impact of volatility persistence in these markets. Originality/value – This is the first paper to investigate information transmission and market interdependence between the Islamic stock markets in South East Asia.Financial markets, Information transfer, Islam, South East Asia, Stock exchanges