ICBI 2024 - Full Papers

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Financial Development and Environmental Degradation in the South Asian Region
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Ranasinghe R. A. N. P.; Weerasinghe W. D. J. D.; Abeyrathna R.M.L.M.
This study evaluates the possible long-term effects of financial development on environmental degradation. It emphasizes how financial development, institutional structures, and foreign investment determine the level of green development. The research uses the deductive approach. The data is extracted from the World Bank Statistics. The sample comprises seven countries in the South Asian region, and information is gathered from 2000 to 2020. Foreign direct investment, broad money supply, and domestic credit to the private sector are used to evaluate financial development. Energy use, CO2 emissions, greenhouse gas emissions, and the depletion of natural resources are used to measure environmental degradation. The data are analyzed using panel data linear regression analysis. The researcher’s findings conclude that Financial Development has a negative relationship with the four measures of Environmental Degradation in the South Asian region. This article reviews the relationship between financial development and environmental degradation in South Asia. In contrast to previous literature, the authors provide a broad money supply as an economic development variable instead of bank credit to the private sector. Also, this article reviews recent data up to the year 2020. Future researchers can develop an alternative methodology to study only using secondary data, and future researchers can use primary data for this type of study.
Corporate Sustainability Goal Setting of Indian Companies: An analysis of NIFTY 250 Companies
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Dr. Soha Khan
To embrace CSR in its entirety, businesses must understand it as a multilayered concept with four interrelated and often overlapping dimensions, namely, economic, legal, ethical, and philanthropic. Publishing of sustainability information and data into the mainstream report brings it to the attention of investors and shareholders and allows a wider, more sustainable conception of value to foster. As ESG and sustainability gain paramount importance globally, Indian enterprises are increasingly recognizing the importance of corporate sustainability goal setting, complying and revising those goals and their contribution to global SDGs, as a potential to drive positive impact, enhance transparency and foster value creation. The aim of this study is to investigate the degree to which businesses include environmental and social goals in their sustainability reports. This paper examines the status of sustainability targets set by Indian companies. Specifically, the trends of environment-related and social goals are analyzed by comparing the period of setting each goal over the five years from 2019 to 2023. The report also analyzes the status of Indian companies' commitment to the Sustainable Development Goals (SDGs) and their responses to each of the 17 goals from 2020 to 2023. The analysis shows that companies do set their sustainability targets for specific years, such as 2030, but the frequency of target revision is not as frequent as in ordinary medium-term management plans. While the setting of long-term targets was influenced by industry in terms of environment-related targets, there were few industry-specific characteristics in terms of social-related targets. The construction industry companies showed a high rate of disclosure and a long period for setting both environment and social-related targets. Since the United Nations approved the SDGs in 2015, Indian companies have been trying to more proactively reflect the SDGs in their business management, and the number of companies disclosing their commitment to the SDGs has been increasing. However, the priority has been placed on activities related to manufacturing and consumer responsibility, which are close to their core business, and on activities related to global warming. Through these studies, this paper attempts to contribute to the existing research on the status of setting sustainability goals by presenting evidence, especially in relation to corporate plans.
Enhancing Online Shopping Behavior: A Deep Dive into Website Personalization, Usability, Content, and Trust Among Women, Sri Lanka
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Prasadani, V. D. A.; Niwarthana, H. W. R.
With the increasing popularity of online shopping facilitated by the Internet, consumers are increasingly electing for the convenience and advantages offered by online platforms over traditional brick-and-mortar outlets. The research explores into the impact of Website Personalization (WEP), Website Usability (WEU), Website Content (WEC), and Website Trust (WET) on the Online Shopping Behavior (OSB) of the targeted demographic. The study employs rigorous methodologies to draw generalized conclusions based on the responses of 312 participants from the Central province. The sample respondents were selected through a convenience sampling method, comprising online retail customers who have either visited or made purchases from clothing websites. Results indicate a positive influence of WEP, WEU, WEC and WET on OSB, with significant relationships identified. Notably, WEU emerges as the most influential factor, as evidenced by its highest value in correlation analysis. The implications of the study's findings are discussed, and recommendations are provided based on the identified factors. The research contributes valuable insights to the understanding of OSB in the context of clothing websites, providing stakeholders with actionable information to enhance their platforms and better cater to the preferences and needs of Central province Sri Lankan female customers.
Examining the Impact of Organizational Politics on Employee Commitment: The Moderating Role of Political Skills among Public Sector Employees in Sri Lanka.
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Mayuran, L.; Thasika, T; Manjula, S
This study assesses the importance of organizational politics in shaping employee commitment, emphasizing the complex interactions between perceived politics and individual characteristics. Specifically, we examined the moderating role of political skills in the relationship between perceived politics and employee commitment. The specific impact of political skills on employee commitment related to organizational politics is an unexplored area, particularly in Sri Lanka. Therefore, this research aims to bridge this gap by not only examining the negative relationship between organizational politics and employee commitment but also clarifying the moderating effect of political skills. The present study focuses on public sector employees in Sri Lanka. Out of 400 questionnaires distributed, a total of 211 questionnaires were returned and usable. We used a convenience sampling method to capture the complexity of this relationship. The study revealed a significant negative relationship between perceived politics and employee commitment. Furthermore, our findings highlight the significant role of political abilities as a moderator, demonstrating how individuals' confidence in their abilities moderates the effects of perceived politics on commitment. Therefore, political skills positively moderate the relationship between organizational politics and employee commitment. Our study underscores the importance of organizations recognizing and mitigating the adverse effects of organizational politics on employee commitment. Additionally, it emphasizes the importance of considering individual characteristics such as political skills to effectively understand and manage workplace dynamics. This research contributes to both theoretical advances and practical implications for organizational management and human resource practices.
Effectiveness of Different Value at Risk Models in Predicting Stock Prices during Covid-19: The Case of Colombo Stock Exchange
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Alagiyawadu N.M.; Perera S.S.N.; Bandara Y.M.
This paper assesses the predictive capabilities (the performance and the reliability) of three widely used Value-at-Risk (VaR) models in forecasting stock values before and during a major economic disruption. Utilizing trading data from companies listed on the Colombo Stock Exchange in Sri Lanka, the research compares the performance of Parametric VaR, Historical Simulation VaR, and Monte Carlo VaR models across two distinct periods - the pre-Covid-19 era and the volatile pandemic market conditions. The analysis delves into how effectively these VaR methodologies capture and anticipate market volatilities and potential losses, offering valuable insights for financial risk management practices. The dataset is divided into three periods: pre-Covid-19 (01 February 2019 to 11 March 2020), during Covid-19 (11 March 2020 to 15 June 2021), with 270 observations for each period, and finally considering both periods. This split enables a balanced analysis of VaR model performance across different market conditions. By evaluating the model outputs across eight financial assets, including individual stocks, indices, and a diversified portfolio, the paper provides a comprehensive assessment of their strengths and limitations in turbulent market environments. The study's findings reveal that, based on backtesting, the Historical Simulation VaR model outperforms other models in predicting market risk. The Parametric VaR model shows moderate effectiveness, while the Monte Carlo VaR model proves to be the weakest in capturing market volatility. The findings shed light on enhancing the usability and applicability of VaR analysis during periods of extreme uncertainty, such as the Covid19 pandemic. The paper aims to empower risk managers, investors, and financial professionals with data-driven strategies to mitigate risks and make more informed investment decisions, even in the face of unprecedented market conditions.
Customer Readiness and Adoption Potential of Fintech in Sri Lanka: An Empirical Investigation Using Online Platform
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Weerasinghe, K.G.; Hettiarachchi, T.R.; de Zoysa, R.P.S.; Kethmi, G.A.P.
This study investigates the readiness of Sri Lankans to adopt fintech and explores its adoption potential. The research uses demography, financial health, financial literacy, e-readiness, mental preparedness, and overall sentiment toward fintech as independent variables, with Customer Fintech Usage (CFU) as the dependent variable. The objectives were to assess the relationships between these factors and fintech usage and to build an index representing fintech readiness. Data were gathered through a structured questionnaire from a sample of 396 respondents across all nine provinces of Sri Lanka, derived from an internet user population of 1,458,000 as of January 2023. Regression analysis revealed that while demographics and mental preparedness did not show significant relationships with fintech usage, financial health, financial literacy, e-readiness, and overall sentiment positively influenced CFU. The model accounts for 42.14% of the variability in fintech usage (R-squared = 0.4214). Additionally, the findings indicate that a Customer Fintech Readiness Index can be constructed based on the supported relationships. The findings indicate that although Sri Lanka’s current fintech readiness is relatively low, there is strong potential for growth in the future as these factors continue to evolve.
Impact of Microfinance Services on the Performance of Micro and Small Enterprises Special Reference to Maharagama Area
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Weerasekara, P. H.; Wijetunge, W.A.D.S.
Microfinance is an economic development tool that provides financial services such as small loans, savings, micro leasing, and money transfers to poor people. Micro and small-sized enterprises (MSEs) are recognized around the world for their critical role in driving grassroots economic growth and promoting equitable, sustainable development. The purpose of this study is to examine the impact of microfinance services on the performance of MSEs in the Maharagama area. A sample of 357 micro and small enterprises benefiting from Samurdhi Bank in the Maharagama area was selected using simple random sampling method. The Microfinance services - micro-credit, micro-savings, and micro-training were considered as independent variables while the enterprises’ performance was considered as dependent variable. Data were collected by issuing a structured questionnaire and correlation analysis, regression analysis and factor analysis were done to measure the impact of financial services on performance of MSEs. The results indicated that microfinance services significantly affect MSE performance. Specifically, micro-credit enhances operational capacity and growth potential, while micro-training improves managerial skills and business practices. These insights are valuable for policymakers, for formulating policies to foster economic growth, job creation and creating an environment conducive to the success of micro and small enterprises.
The Impact of Role Stress on Work-Life Balance Evidence From Sales Employees in The Tile and Sanitary Ware Industry in Sri Lanka
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Harshani, M. D. R.; Senevirathne D. M. W. H. K.
In the modern workplace, work is an essential component of one's professional identity; however, striking a balance between work and non–work activities can be difficult. Since more workers realize the importance of what is now called "work-life balance," maintaining a healthy balance between one's professional and personal lives has come to the attention. However, work is an integral part of one's professional identity in the modern workplace. Work and family are two crucial aspects of an individual’s life. Changes in the workplace and employee demographics have driven the attention of many researchers toward the line separating the work and family lives of employees. Maintaining a healthy balance between one's personal and professional lives has gained public attention as more workers recognize the significance of what is now called work-life balance. A few studies have been conducted to illustrate various aspects of role stress on work-life balance (WLB) concerning sales personnel in Sri Lanka's tile and sanitaryware industry. Therefore, the present study aims to investigate the relationship, concentrating on the influence of role stress on work-life balance. The study is quantitative in nature. Responses were obtained from 211 participants via a self-administered survey questionnaire. The multiple regression analysis was carried out utilizing SPSS 23.0 to verify the proposed relationships between the variables. Results showed that role stress (role overload, role ambiguity, and role conflict) significantly impacts the work-life balance of sales employees in the tiles and sanitary ware industry in Sri Lanka.
The Level of Knowledge Management Practices and Barriers to Implement Knowledge Management in IT Projects in Sri Lanka
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Jayasuriya D. R. N.; Razi, M.J.M.; Thilakerathna, P. M. C.
Knowledge is a critical asset in an organization. New knowledge created while doing projects. IT projects are purely knowledge base projects. It is important to practicing knowledge management within IT projects to capture, store and review knowledge created while doing the project. This research is to identify the level of knowledge management practice within IT projects, what are the barriers to implement the knowledge management and what are the prerequisites to make the knowledge management implementation a success within project organization. A qualitative research approach uses in this research and data collected using semi structured interviews from 15 project managers. The data collected from completed IT projects in telecommunication industry. The code matching method use to analyze the data. The results reveal that knowledge management practicing within IT projects moderately. Further main barriers to implement knowledge management are, limitation of time, additional resources required for knowledge management activities, project culture, lack of leadership and project organization. When considering the prerequisites to implement knowledge management within IT project environment, it is revealed that, incentive schemes, leadership, and establishment of required infrastructure are main prerequisites to implement a successful knowledge management.
The Impact of the Quality of Grievance Handling on Job Satisfaction among Middle-Level Employees in ABC (Pvt) Ltd
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Dilakshi, G. P. P.; Devadas, U. M.
The Sri Lankan apparel industry is deeply committed to ensure the satisfaction level of its employees. Accordingly, the main purpose of this study is to see whether there is an impact of the quality of grievance handling on job satisfaction among middle-level employees at ABC (Pvt) Ltd. According to the literature, the research on the impact of quality of grievance handling on job satisfaction among middle-level employees in the apparel sector in Sri Lanka is skeletal. This study was conducted to determine the level of quality of grievance handling, the level of job satisfaction, and the impact of quality of grievance handling on job satisfaction among middle-level employees at ABC (Pvt) Ltd. Questionnaires were distributed among 59 selected respondents to collect data. The sample was drawn from its population using a simple, probabilistic random sampling technique. The Statistical Package for Social Sciences was used to analyze descriptive statistics, regression and correlation analysis. Accordingly, the analysis identified a significant positive relationship between the quality of grievance handling and job satisfaction among middle-level employees at ABC (Pvt) Ltd. The findings showed that dimensions of quality of grievance handling, such as timeliness, structure of grievance handling, justice and collaborative participation of managers and trade unions, also have a positive and significant impact on the job satisfaction of middle-level employees. Researcher is recommended by improving of commitment of all stakeholders and by implementing simple, transparent, timely manner grievance handling structure can easily enhance the quality of grievance handling in any organization.
An Empirical Analysis of The Firm-Specific Internal Factors on the Profits of Insurance Companies in Sri Lanka
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Hansini, W.W.; Sudasinghe, S. L.; Fernando J.A.H.P.
The insurance sector plays an important role in the national economy, managing risks and providing financial security. The goal of every company is to achieve optimal profit. Profits are important to investors and management as sources of dividend payments and growth. For insurers and regulators, profits provide additional protection against insolvency. Therefore, companies must identify the factors that affect their profits. This study investigates the impact of premium income, claim expenses, risk-based capital, underwriting results, and investment return on the profit of life and general insurance companies in Sri Lanka. The study sample consists of all life and general insurance companies in Sri Lanka from 2016 to 2022. A quantitative approach is used for this study. Independent variables include premium income, claims expenses, risk-based capital, investment returns, and underwriting results. Profit is considered the dependent variable in the regression model. Descriptive analysis, correlation analysis, and panel data regression are used to analyze the data in this study. As a result, the profit margin of insurance businesses in Sri Lanka would be greatly impacted by premium income, claims expenses, risk-based capital, investment return, and underwriting performance. The regression results could not reject every null hypothesis for the life and general insurance industry. More specifically, neither model rejected the null hypothesis that claimed that profit is not much impacted by risk-based capital and investment return. The analysis showed that underwriting outcomes, claims costs and premium income significantly affect profit.
Equipment Replacement: A Stochastic Approach Considering Financial and Failure Costs
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Vicentin, D. C.; Oprime, P. C.; Moralles, H. F.; Duppati, G. R.
There are various motives to substitute productive equipment, with equipment degradation being one of the main factors. Equipment degradation involves the expenses of malfunctions that become costly over time, resulting in loss to the company. However, there is a scarcity of research that approaches the problem from a stochastic perspective. The incorporation of randomness in decision models signifies a progression in the quality of equipment replacement decisions. Thus, this research aims to analyze the advantages of the stochastic approach compared to the deterministic one, which is widely adopted. The results indicate that it is not advisable to generalize procedures that use a single sample size of failure data as a rule for equipment replacement decisions.
The Impact of Disclosure of Key Audit Matters in Audit Reports on Shareholders’ Reactions
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Daskon B. R. M. M. H. T.; Priyadarshani P. L. W.
According to auditors’ professional judgment, Key Audit Matters (KAMs) are the most significant issues reported in the audit of financial statements for a given accounting period. This study aims to investigate whether disclosure of KAMs influences shareholders’ investment decisions. In this study, KAMs are measured using three dimensions namely, the total number of KAMs, the number of new KAMs and the number of recurring KAMs, whereas cumulative Abnormal Returns (CAAR) are used to measure shareholders’ reactions. The study sample consists of 14 non-financial companies listed in the S & P Sri Lanka 20 index. Data were collected for the period 2018-2023. A Generalized Least Squared (GLS) regression analysis is used to analyze data. The results of GLS regression depict that the total number of KAMs have a positive insignificant association with shareholders’ reactions. Number of new KAMs and number of recurring KAMs have negative insignificant relationships with shareholders’ reactions. It reflects that KAMs create no value for investors. This paper contributes to the literature on new developments in audit reports. The study provides an important policy implication for practitioners to employ their professional skepticism to decide which matters are the most significant facts to be disclosed as KAMs and the content of KAMs paragraph. Also, the study provides vital connotations for standard setters and the Colombo Stock Exchange to direct the SLAuS 701 effectively to optimize the benefits received by audit report users.
Sensitivity of Green Finance to Environmental Sustainability
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Mohammad Talha; Nguyen-Quynh-Nhu Ngo; Ha Pham
This study investigates the impact of green finance on environmental sustainability across 136 countries spanning eight regions from 1960 to 2023. By employing robust regression models, including interaction terms to account for varying regional contexts, the research provides two key findings. First, green finance has a generally positive effect on environmental sustainability in the European Union and Western Europe, Eastern Europe and Central Asia, East Asia and the Pacific, North America, and South Asia. However, it shows a negative impact in Latin America and the Caribbean, the Middle East and North Africa, and Sub-Saharan Africa. Second, inflation moderates the effect of green finance on environmental sustainability, with its influence varying across different regions. This study contributes novel insights by revealing how green finance's effectiveness is contingent on regional economic conditions and inflationary pressures, offering a nuanced understanding of its role in promoting environmental sustainability globally.
Navigating Challenges and Nurturing Executive Talent: A Qualitative Inquiry on Executive Education Leading to a New 360- Degree Model for MBA Curricula
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Patabendige S. S. J.; Ekanayayake E. M. H. L.; Ekanayayake E. M. H. L.
Amidst disruptions, innovations, and competition, businesses face increasing pressure to secure executives capable of managing these challenges and anticipating and proactively addressing new ones. This study aims to bridge the perceived gap between contemporary business challenges and skill demands with that of existing MBA programmes. More specifically, we focus on four key research questions: (i) What are the key challenges and complexities faced by modern businesses? (ii) What are the critical skills expected from business executives when tackling modern business challenges and complexities? (iii) How can executive education bridge skills gaps perceived by business executives? and (iv) How can business educators design better master’s programmes relevant to local and global challenges and complexities? A qualitative research design was employed in collecting and analysing data. Primary data was collected through four roundtable discussions with key stakeholders, including managing directors, CEOs, past and current MBA students, and MBA educators and secondary data was collected by listening to expert business educators through the analysis of MBA-related documentation from top universities. Our findings confirm significant gaps between contemporary business challenges, skills, circumstances, and educational demands that are either unsupported or under-supported by current business education offerings. Utilising these insights, we propose a new "360-degree Model for Executive Education," using 4Is - insights, impact, ideation, and influence to progressively transform learners into strategic business partners initially and business innovators subsequently. The paper contributes by providing empirical evidence of gaps in current executive education, enriching both theoretical and practical knowledge. Additionally, by introducing a new executive education model, we guide business educators in developing curricula that effectively upskill and reskill individuals, ensuring their success in future-proofing personal and organisational outcomes.
Impact of Virtual Learning Exposure on Students’ Satisfaction during the Covid-19 Pandemic Epoch: A Study at Sri Lankan University
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Manjula, S.
The swift shift to virtual education due to the COVID-19 pandemic required a detailed assessment of students' satisfaction with this new learning environment. This study aims to examine the factors influencing students' satisfaction with online learning, focusing on how challenges of e-learning, learner motivation, and interaction affect their experience. Specifically, it investigates the extent to which these independent variables such as challenges of e-learning, learner motivation, and interaction impact students' satisfaction with online education during the COVID-19 pandemic, with a focus on the University of Jaffna in Sri Lanka. The study seeks to determine how these factors contribute to students' overall satisfaction with the transition to online learning. Using a convenience sampling, data gathered from 100 students at the University of Jaffna through a structured questionnaire. The data were then analyzed with SPSS version 25.0, utilizing Multiple Regression Modeling to evaluate the proposed hypotheses. This study highlights the strong correlation between learner motivation and student satisfaction in online education, especially during the COVID-19 pandemic. This study findings indicate a significant and positive relationship between student satisfaction and learner motivation, with learner motivation having the most substantial impact on satisfaction. Although e-learning challenges and interaction did not significantly influence satisfaction, this study has implications in practical, theoretical, and managerial areas. These results enhance comprehension of the factors influencing online learning satisfaction during exceptional global difficulties. Future research should expand to other universities and include perspectives from teachers and staffs to enhance generalizability.
The Potential Impact of AI-Driven Personalization on Tourist Satisfaction and Retention in Sri Lanka
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Pathirana, M. T.; Kelaniyage T. V.
This study explores the impact of Artificial Intelligence (AI) on enhancing personalized travel experiences in Sri Lanka's tourism sector. Employing a qualitative research approach, data was collected through in-depth interviews with 18 tourists and focus groups with 21 tourism service providers. The study applies the Technology Acceptance Model (TAM), Diffusion of Innovations Theory (DOI), and Service-Dominant Logic (SDL) to analyze perceptions, adoption challenges, and potential benefits of AI technologies. Key findings indicate that while AI tools like chatbots and personalized recommendations can significantly enhance customer service and operational efficiency, their adoption is hindered by technical issues, high costs, and resistance to change. This research was conducted to provide strategic insights that can help stakeholders in the tourism sector make informed decisions about AI adoption. To address these barriers, the study recommends comprehensive training programs, robust technical infrastructure, customization to local contexts, effective communication strategies, and collaboration between stakeholders. The implications suggest that leveraging AI can enhance Sri Lanka's tourism competitiveness and promote sustainable practices. Future research should focus on the long-term impacts of AI-driven tourism on local communities and the role of government support in facilitating AI adoption.
The Impact of Green Training and Development on Green Organizational Citizenship Behavior: With the Mediating effect of Green Employee Attitudes at a Sri Lankan Apparel Sector Company
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Dasanayaka S. W. S.; Pieiris M. D. P.
Today, worldwide organizations are prioritizing their impact on the environment and are taking initiatives to reduce environmental impact. Organizations are making huge investments to enhance their employees’ green behaviors towards the environment. But employees are indicating less environmentally responsible behavior. This research aims to investigate how green training and development affect green organizational citizenship behavior, considering the mediating role of employee green attitudes at a selected apparel industry company in Sri Lanka. Apparel manufacturing sector is the key contributor to the Sri Lankan economy. Data was collected via an online questionnaire distributed to 108 executive-level and higher employees, selected through simple random sampling. The sample varied by gender, age, educational level, and years of service. Data analysis was performed using SPSS 25.0. The findings indicate that green training and development have a significant positive impact on both green organizational citizenship behavior and green employee attitudes. Additionally, green employee attitudes positively influence green organizational citizenship behavior. While those relationships are significant, they are not strongly correlated. Moreover, controlling green training and development, green employee attitudes have a significant direct impact on green organizational citizenship behavior. In order to analyze the mediating effect, the bootstrap test was utilized. Although green employee attitudes mediate the effect of green training and development on organizational citizenship behavior, this indirect effect is not significant. The relationships among green training and development, green citizenship behavior, and employee attitudes are also influenced by additional factors.
Supervisory Styles and Their Impact on Affective Commitment: A Gender-Based Comparison of Non-Managerial Employees in the Apparel Industry in Western Province, Sri Lanka
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Sivapathasundharam, S.; Jayasekara, P.
The study explores the impact of supervisory styles on affective commitment among non-managerial employees in the Sri Lankan apparel industry. This research addresses a critical gap by focusing on the Sri Lankan apparel industry, which struggles with affective commitment level of non-managerial employees. Additionally, this study has especially focused on whether male and female non-managerial employees have perceived supervisory style at work differently. Data were collected from 257 non-managerial employees across three knitted export organizations in Sri Lanka using validated scales for affective commitment, and supervisory styles while getting abusive supervision, task-oriented supervision and supportive supervision as dimensions of supervisory styles. Random sampling technique was adopted for the study. The methodological approach involved quantitative analysis to test the hypothesized relationships, utilizing principles from social exchange theory, particularly emphasizing exchange ideology. Statistical techniques, including regression analysis, and independent sample T-test were used to determine the impact of supervisory style on affective commitment. The findings highlight the critical need for organizations to address supervisory behaviour and foster positive social exchange to enhance employee commitment. In addition, gender alone is not sufficient to explain perception of supervisory styles. Therefore, the study also did not include other variables that may influence the difference in the perception of supervisory style.
Impact of Green Loans on Financial Performance: Evidence from Sri Lankan Licensed Commercial Banks
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-11) Senevirathne E.W.D.P.B.; Dissanayake D.M.U.H.; Jethusan J.
To examine the impact of Green Loans on the Financial Performance, through examining the complex relationship between green credit and the financial performance of licensed commercial banks. This study includes ten private sector banks and two public sector banks for the period 2015 to 2022. Financial performance measured using Return on Assets (ROA) and Return on Equity (ROE). Regression analysis through two models for ROA and ROE were used for analyzing the acquired data and in addition normality test, hausman test and interdependency test were performed. As there are several articles on green banking concept and how its impact on financial and non-financial performances, this study investigates the relationship between green loans and financial performance, and the impact of green loans and financial performance. Although the previous literatures’ results are inconclusive, this research study shows that there is a significant negative impact of Green Loans on the Financial Performance of the Licensed Commercial Banks in Sri Lanka. This research navigates the complex landscape of green loans and their impact on the financial performance of Sri Lankan banking sector, providing nuanced insights into both academic discourse and practical decision-making in the financial sector.