Browsing by Author "Weligamage, S."

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Applicability of Student Learning Experience Survey Instrument in Sri Lankan Context
(University of Kelaniya, 2014) Weligamage, S.
The use of students learning experience in quality evaluation of higher education is widespread around the world. Outcomes of these exercises are used as indicators of teaching quality, accountability, learning improvement, process benchmarking and performance-based funding. Applicability of Course Experience Questionnaire (CEQ) as a survey-based instrument in evaluating teaching quality and students’ support were tested and validated in many countries. However, this instrument was not used previously in the South Asian and Sri Lankan context. This paper examines the applicability of students’ CEQ in Sri Lanka, where there is a need for improvement in teaching quality of public-funded universities, because till date there is no appropriate outcome-based evaluation system in place. Findings supported the structure of a slightly modified version of student CEQ and further support the applicability of the instrument in a non-western context.
Factors Affecting Individual Investment Behavior: A Study of Individual Investors in Colombo Stock Exchange
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Galhena, N.S.; Weligamage, S.
Both conventional finance theories and economic theories have been built on the assumption that investors are to be rational in making decisions. However, with the development of behavioral Finance theories which are based on psychology, attempts have been made to understand how the emotions and biases of human can influence investor behavior. Many studies have been conducted in different capital markets all around the world. However, there are limited studies about individual investor behavior in Sri Lankan capital market. This study expected to fill the gap of determining the factors and their level of influence over individual investor’s decision in Colombo stock exchange (CSE) by testing the factors used in other empirical researches in other countries.Primary objective of the study is to explore the variable that can be influenced on behavior of individual investors in CSE. Furthermore, the level of influence of these variables over the behavior of individual investors in CSE is also studied based on five main factors namely, self-image/firm image, accounting information, neutral information, advocate recommendation and personal financial needs. The study begins with the existing theories and studies in behavioral finance, based on which, the main variables are identified. A structured questionnaire has been used in the study covering all identified variables. Data is collected using convenient and snow ball sampling of 200 individual investors in CSE. Data will be analysed through factors analysis. Findings of this study will be useful for individual investors to make decisions, for fund managers and research firms to provide their recommendations to clients.
Intellectual Capital Disclosure Practices: Evidence from Banking Industry in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Almeida, H.V.; Weligamage, S.
Intellectual capital (IC) is recognized as a strategic asset which gives competitive advantages by driving organizations for superior performance in the modern day knowledge-based economies. Traditionally, tangible assets have been considered as significant in the process of value creation, whilst, intangible assets have not been recognized as equally important. The IC, knowledge related intangible assets in its existence have become more important than physical assets during the last two decades. However, in developing nations there can be seen very less amount of IC studies that have been carried out in comparison to the developed nations. Having identified the usage of IC as a strategic asset in modern day business and recent developments in the field of knowledge-related intangible assets, the prospective value and at the same time importance of research on IC can be understood. Therefore, a study which is ground in other than the IC disclosures in the context of Sri Lanka is timely needed. The objectives of the study are to identify the reporting trend in IC disclosure practices in licensed commercial banks in Sri Lanka and to examine the differences in the disclosure of intellectual capital among licensed commercial banks in Sri Lanka over the period of 2010 to 2015. The study is based on data drawn from 25 listed licensed commercial banks in Sri Lanka in the period of 2010 and 2015 and collected from published annual reports of the licensed commercial banks. Content analysis method was adapted to analyze the data and recorded using the framework identified through literature.
The Nexus between Work-Life Conflict and Job Satisfaction: Evidence from Network and System Integration Industry in Sri Lanka
(Department of Human Resource Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2014) Wijesekare, N.; Weligamage, S.
Work life conflict is an inter role conflict that arises due to conflicting roles required by organization and from one’s family. Objective of this study is to investigate the impact of work life conflict on job satisfaction of employees in Network and System Integration industry in Sri Lanka. Data for the study was from 147 employees working in different Network and System Integration organizations of Sri Lanka using structured questionnaire. Correlation analysis was used to find the association between identified variables of the study. Findings revealed that job satisfaction is significantly negatively correlated with Family to Work interference and Stress. However, the correlation of Work to Family Interference and working hours are positive and insignificant which shows that these two variables does not affect the job satisfaction of the employees in Network and System Integration Industry. The findings of the study suggest that work family conflict and job satisfaction becomes an increasingly important concern for organizations when focusing on the issue of developing employees in the changing global and regional scenario. Information Technology organizations should come up with effective and efficient work – life balance policies and programs and foster an organizational culture that supports the use of available policies is also of great importance. This will help to reduce the work – life conflict for employees in Network and System Integration Industry
The performance of value verses growth stocks in Sri Lankan capital market: with special reference to post war era
(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Herath, H.M.N.P.; Weligamage, S.
The Study on Herd Behavior in Colombo Stock Exchange
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Wijesinghe, D.C.; Weligamage, S.
Traditional Finance theory presumed that equity market participants take decisions based on rational platforms. However, recent market incidents witnessed that investor’s decision making process is fueled with irrational behaviors like herding. This study attempts to examine the herd behavior among investors in Colombo Stock Exchange (CSE). During the Civil war time period Colombo bourse significantly impaired investors sentiment and gloomy outlook witnessed. Benchmark Index dragged down by 40% which implies that investors’ sentiment largely weigh on uncertain country’s outlook. Cease of war situation in country which resulted in upliftment in the performances of Colombo Stock exchange and bench mark index surpassed key physiological point barriers. Researchers believed that time interval accurately captured the market fluctuations during the Sri Lanka civil war situation. Thestudy further attempts to detect the herding in bull and bear phrases in market. Long term bull run of CSE tandem with positive sentiment over future aspects of country and improving macroeconomic fundamentals. S& P SL 20 Index which was previously known as Milanka is used as a sample of the study. Daily counter returns of the S& P SL 20 index during the period of 2008-2010 has been gathered for analysis. This Study employed two empirical methods named Cross Sectional Absolute Deviation Return (CSAD) and Cross Sectional Standard deviation (CSSD) Method. All share price index is used as the proxy for market returns and S& P SL 20 individual counter returns used as a market portfolio returns assuming that blue chip counters are quickly respondent to the market moving news effect due to their high liquidity.
The Nexus between Work-Life Conflict and Job Satisfaction: Evidence from Network and System Integration Industry in Sri Lanka
(Department of Human Resource Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2014) Wijesekare, N.; Weligamage, S.
Work life conflict is an inter role conflict that arises due to conflicting roles required by organization and from one’s family. Objective of this study is to investigate the impact of work life conflict on job satisfaction of employees in Network and System Integration industry in Sri Lanka. Data for the study was from 147 employees working in different Network and System Integration organizations of Sri Lanka using structured questionnaire. Correlation analysis was used to find the association between identified variables of the study. Findings revealed that job satisfaction is significantly negatively correlated with Family to Work interference and Stress. However, the correlation of Work to Family Interference and working hours are positive and insignificant which shows that these two variables does not affect the job satisfaction of the employees in Network and System Integration Industry. The findings of the study suggest that work family conflict and job satisfaction becomes an increasingly important concern for organizations when focusing on the issue of developing employees in the changing global and regional scenario. Information Technology organizations should come up with effective and efficient work – life balance policies and programs and foster an organizational culture that supports the use of available policies is also of great importance. This will help to reduce the work – life conflict for employees in Network and System Integration Industry.
THINKING TOWARDS STAKEHOLDER SATISFACTION IN HIGHER EDUCATION: AN APPLICATION OF PERFORMANCE PRISM
(2010) Singh, K.; Weligamage, S.
Quality of service and customer satisfaction is key concerned area in the today?s business. When considering education, quality of educational service and stakeholder satisfaction can be taken as more important. Most of the performance management systems are fails to address and consider the entire stakeholder needs after considering the importance and contributions of all stakeholders to the organization. The Performance Prism Model can be used as one of performance management and measurement tool which is closely looking at measurement from a stakeholder perspective. Performance prism model is taking consideration of two ways process as first identify the what are the want and needs of stakeholders and second to identify what are the organizations wants and need from its stakeholders. The purpose of the study is to review the performance prism model and to identify the possibility of application of this model into higher educational institutions. Finally presents the interrelation between stakeholder need, organizational capabilities, existing process, strategies and stakeholders? role. The study concluded that use of performance prism model can be highly benefited in an academic institution and the process should start from identifying stakeholder needs, and then formulate strategies using existing capabilities and process and finally deliver better value with the support of all stakeholders in the system.
Thinking towards stakeholder satisfaction in higher education: an application of performance prism
(University of Kelaniya, 2010) Singh, K.; Weligamage, S.
Quality of service and customer satisfaction is key concerned area in the today’s business. When considering education, quality of educational service and stakeholder satisfaction can be taken as more important. Most of the performance management systems are fails to address and consider the entire stakeholder needs after considering the importance and contributions of all stakeholders to the organization. The Performance Prism Model can be used as one of performance management and measurement tool which is closely looking at measurement from a stakeholder perspective. Performance prism model is taking consideration of two ways process as first identify the what are the want and needs of stakeholders and second to identify what are the organizations wants and need from its stakeholders. The purpose of the study is to review the performance prism model and to identify the possibility of application of this model into higher educational institutions. Finally presents the interrelation between stakeholder need, organizational capabilities, existing process, strategies and stakeholders’ role. The study concluded that use of performance prism model can be highly benefited in an academic institution and the process should start from identifying stakeholder needs, and then formulate strategies using existing capabilities and process and finally deliver better value with the support of all stakeholders in the system.
The use of quality assurance assessment grading for performance evaluation of public universities in Sri Lanka
(Sri Lanka Association for the Advancement of Science, 2011) Weligamage, S.
Quality assurance rating systems can help parents and students to make informed choices regarding university selection. The existing evaluation procedure for academic programmes in Sri Lanka is based on peer reviewers’ judgments on eight selected aspects and the outcome is revealed based on a three level ordinal scale, as Unsatisfactory (C), Satisfactory (B) and Good (A). However, there is no formal method for calculating an overall programme performance indicator within the quality assurance (QA) process in Sri Lanka. The purpose of this study is to assess the applicability and use of quality assurance grading for performance ranking of public universities in Sri Lanka. Secondary data for programme grading in ten selected universities were obtained from the Sri Lankan Quality Assurance and Accreditation Council. Data for faculties of science, agriculture, humanities, social science and management were available. Twenty four total credit values were assigned to eight aspects that are currently used in programme evaluation depending on the relevance of the given evaluation aspects in monitoring programme performance. Three values were assigned for the grading and a formula was developed to calculate the final programme score as the Average Program Performance Index (APPI). Descriptive, regression analysis and ANOVA were used to compare and identify the performance score and the deviation across faculties and universities. Findings revealed that APPI ranges between 2.7 and 3.8. Similar results are observed when considering the specific quality aspects of the programme. This indicates that the performance scores are different within the faculties in the sample selected. However, this GPA difference varied among faculties. While significant deviations in programme performance exist in the faculties of science and management, such deviations are not observed in faculties of agriculture and arts. Results from the regression analysis proved that performance among universities are also different. The study concluded that the reviewers judgmental grading can be used as identifying the performance differences and the best performer among faculties in the public funded universities using the proposed model for programme performance calculation. Findings of this study can be used to identify the highest performer and that can be used as the baseline to compare the performance between universities.