Symposia & Conferences
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Item Environmental Accounting Disclosure and Financial Performance: Evidence from Listed Manufacturing and Service Sector Companies in Sri Lanka(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Naveendya, J.B.S.; Madhushani, P.W.G.The most challenging environmental issues that the world is facing today are climate change and global warming, which stem from business operations. Hence, it is the responsibility of the business sector to protect the environment and society. Thus, the observation intends to examine the impact of environmental accounting disclosure on the financial performance of manufacturing and services sector companies listed in the Colombo Stock Exchange, Sri Lanka. The methodology was a quantitative survey approach involving a sample of 28 manufacturing and 17 service sector companies over consecutive financial years from 2012 to 2022. The content analysis technique was used to measure the level of environmental accounting disclosures. The Environmental Accounting Disclosure Index (EADI) was prepared based on eight environmental accounting disclosure items. The regression analysis revealed a significant positive impact of environmental accounting disclosures and the firm’s financial performance of manufacturing companies but not service companies. The results of this study will make it easier for regulators and those who prepare annual reports for highly environmentally sensitive industries to set the foundation for environmental accounting disclosure practices that lead to improved financial performance.Item Understanding GCC Banks: Credit risk, Interest Charges, and Operating efficiency(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Duppati, G.; Maamari, B.E.This study empirically examines two research questions: First, whether the Credit Risk increases the operating efficiency of banks? And second, whether Interest Charges Influences the relationship between Credit Risk and Operating Efficiency? This study uses the secondary data and it is drawn from EIKON DataStream for the period 2005 to 2022. The sample size of the study includes 50 banks of the GCC region, covering eight states, which includes: Abu Dhabi, Dubai, Saudi Arabia, Sharjah, Kuwait, Oman, Qatar and UAE. For addressing the research questions raised in this study, we employ different regression techniques that include the fixed effects (FE) model and System dynamic panel-data estimation test to ensure robustness of the results. Our results show that high interest rates benefit the 25th and 75th percentiles, but the firm's ability to adapt, innovate, and restructure in response to the changing financial environment will determine how much they benefit lower efficiency quantiles. Banks that overcome these challenges may become more competitive, efficient, and streamlined. While higher interest rates increase financing costs and financial constraints for lower- efficiency banks, they can also spur good transformation.Item How Does Loss Aversion Mediate the Relationship between Personality Traits and Investment Decision-Making?(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Jayawardena, A.M.A.; Nanayakkara, N.S.This research finds evidence of the mediating role of loss aversion in the relationship between personality traits and investment decision-making among individual investors of the Colombo Stock Exchange. In Behavioural Finance expected utility maximization is replaced by the Prospect Theory, and it emerges as a fundamental descriptive theory for the study, attempting to uncover the subtle interplay between big five personality traits— conscientiousness, extraversion, agreeableness, neuroticism, and openness to experience— - and investment decision making. The study employed a quantitative research approach utilizing a convenience sampling technique, with 351 individual investors contributing to the research. Data collection was carried out through a structured questionnaire. The study adopts a cross-sectional time horizon, and Structural Equation Modelling was used to analyze the data with the help of SmartPLS4 statistical software. The study identified significant relationships between personality traits and investment decision-making. Specifically, openness to experience and agreeableness were positively associated with investment decision-making, while extraversion, openness to experience, and conscientiousness were significantly related to loss aversion. Mediating analysis revealed that loss aversion fully mediates the relationship between extraversion and conscientiousness with investment decision-making, and partially mediates the relationship between openness to experience and investment decision-making. The study’s findings highlight that considering personality traits in investment decision-making can help financial practitioners in Sri Lanka and similar economies tailor investment strategies, improve investor educationItem How Does Firm Specific Risk Impact for the Firm Performance of Insurance Industry in Sri Lanka(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Sooriyaarachchi, S.K.R.N.; Buddhika, H.J.R.Risks and uncertainties unique to the operations and functioning of insurance businesses are referred to as insurance-specific risks. Thus, using a sample size of 27 companies, the study examines how these insurance-specific risks affect profitability in Sri Lanka over an 11-year period (2012–2022). Insurance- specific risk for independent variables has been measured using three variables: reinsurance, technical provisions, and underwriting risks. Firm performance was assessed using the return on equity as the dependent variable. The Ex-Post Facto Research Design, on which the study is based, makes use of previously gathered data. Their yearly reports provided secondary data for the study. The fixed effect regression model's findings demonstrated that, whilst underwriting risk had a negative and negligible effect on return on equity, technical provision risk and reinsurance risk had a negative and significant influence. According to the study's findings, the insurance companies listed in Sri Lanka will become less profitable as reinsurance and technical provision risks rise. According to the study, insurance companies in Sri Lanka should adequately account for unpaid claims by evaluating their liabilities and considering their experience in order to create a thorough process for efficiently tracking and managing their unpaid claims. Additionally, Sri Lankan listed insurance companies will take into account their risk retention ratios and reinsurance policies. Listed insurance companies must also improve their capacity to pay the majority of claims on their own.Item Why do Consumers Return Products?: Online Product Return Behavior of Young Female Consumers with Special Reference to the Fashion Industry in Sri Lanka(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Bandara, W.M.H.P.; Geethanjali, W.M.D.K.E-commerce is getting increasingly popular around the world. Following the COVID- 19 epidemic, e-commerce in Sri Lanka surged considerably. The fashion industry is a well-known industry that sells products to consumers via online channels such as social media and websites. Young, tech-savvy female consumers are becoming increasingly important in online retailing specifically in the fashion industry. Online product returns are a relatively new field in the Sri Lankan setting, therefore researchers utilized qualitative methodology to study the unique phenomena. In this study, the researchers identified the factors influencing online product returns among young female (Gen Z) consumers in the Sri Lankan context. 20 semi-structured interviews were conducted with both buyers and sellers to gather data for the study. The purposive sampling technique is used to select the respondent for the study. A thematic analysis was used to analyze the interview data. Researchers categorized the factors under three main themes such as customer requirement mismatch, cultural issues, and late deliveries. In addition, the researchers discovered customer recommendations for online fashion retailers to reduce online product returns. Furthermore, the researchers explored the fraudulent practices of consumers such as intentional damage to the product by reviewing bad comments, not paying for the delivery, placing the order without paying upfront, and not buying the product. In addition to that, researchers identified recommendations from customers to retailers to reduce online product returns. The implications of this study will help online fashion retailers reduce product returns by understanding customer expectations.Item Corporate Characteristics, Governance And Climate Change Disclosures In South Asian Context: A Signaling Theory Perspective(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Sonali, V.D.V.; Vijerathna, M.P.G.; Kannangara, S.D.P.P.Climate change has become a favorable and ponderable topic due to its irrevocable impact on human beings. People worldwide are experiencing horrible circumstances due to global warming. At present, researchers are considering climate change and its methods of mitigation, but the plethora of research studies has put off financial sector firms without considering their direct and indirect impact. Indeed, the banking sector influences climate change subtly and unswervingly. This study aims to investigate the extent of climate change disclosure level and the influence of corporate characteristics and governance on climate change-related disclosure in the banking sector in the South Asian region based on the signaling theory. This research has adopted a quantitative research methodology. Data were collected from a sample of 63 banks for the period from 2013 to 2021 in South Asian countries such as India, Pakistan, Bangladesh, and Sri Lanka, and R programming (R 4.30) and Python were used for the panel data analysis to validate the hypothesis. Findings revealed that bank age, size of the bank, and, independence of the board provide favorable signals to influence climate change disclosures in South Asian countries. This study adds to the existing body of knowledge on corporate characteristics including corporate governance and climate change-related disclosure in the banking sector because climate change practices are an upcoming and inescapable problem that humans can come across. Therefore, reporting the impact of climate change is very vital within the organizational context. For future research studies, the period and sample can further be increased by future researchers to broaden the scope of the study.Item AI Evolution: Assessing Maturity, Addressing Challenges, and Seizing Opportunities(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Umar Baki, N.; Mohd Rasdi, R.This article investigates the impact of AI-based automation technologies on workplace maturity levels, emphasizing the challenges and opportunities arising from their integration. Utilizing triangulation approaches, six case studies from various service industries, such as consulting, insurance, e-commerce, healthcare, education, and telecommunications were analyzed, focusing on the phases of experimentation and optimization in AI application. The primary challenges identified include ethical and legal concerns, resource constraints, resistance to AI adoption, and complexities in human-AI relationships. Conversely, the implementation of AI offers benefits such as increased productivity, enhanced customer satisfaction, and improved safety protocols. These findings are particularly relevant to the Sustainable Development Goal (SDG) of decent work, suggesting that AI can significantly contribute to equitable, inclusive, and sustainable economic growth by improving job conditions and workplace quality. The study provides practical insights for policymakers to develop incentives and regulations for Industry 4.0, promoting a holistic approach to AI utilization. Human resource professionals can leverage this research to devise tailored strategies based on their organization's AI maturity level, addressing challenges and seizing opportunities to advance AI implementation efforts. This study highlights the dual impact of AI in the workplace, demonstrating its potential to both disrupt and enhance various organizational practices, and aligns its findings with the global focus on promoting equitable employment opportunities.Item Learning from Career Preparedness: Examining the Influence of Person-Environment Fit on Decent Work Expectations(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Qi Kou; Roziah Mohd Rasdi; Ehikioya Hilary OsolaseThe impact of person-environment fit on decent work expectations was less explored among economically disadvantaged students. The main purpose of the study is to investigate the influence of person-environment fit on decent work expectations, and to examine the mediating effect of career preparedness on this relationship among Chinese students with financial constraints. Data were collected from several universities in China consisting of 356 economically disadvantaged college students (Mage = 20.3 years, SD = 1.27, 71.9% female). Structural equation modelling analysis was employed to examine the hypotheses of the study. The findings showed that person-environment fit significantly influenced decent work expectations directly and indirectly through career preparedness. A new contextual support (i.e. person-environment fit) was identified, and revealed the learning mechanism of career preparedness between P-E fit and decent work expectations. Insights into theory and practice are put forward.Item Pushed To the Brink: A Conceptual Paper on How Overwork Climate and Abusive Supervision Fuel the Intention to Quit Among Employees in Malaysian Banks(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Mohd Fuzi, N.; Mohd Rasdi, R.; Wan Abdullah, W.A.This study investigates the predictors of turnover intention among employees in the Malaysian banking sector, focusing on the role of overwork climate and abusive supervision. The banking industry in Malaysia is characterized by high work pressure and competitive demands, making turnover intention a critical concern for organizational performance and human resource management costs. The emphasis on overwork climate and abusive supervision as primary predictors stems from their pronounced influence on stress levels and job dissatisfaction within this high-pressure context. These factors are posited to be more salient in determining employees' decisions to leave, compared to other potential predictors. This study will employ a quantitative research approach, employing a cross-sectional survey design to collect data from a representative sample of banking employees in Malaysia. The data will be analyzed using Structural Equation Modelling (SEM) to assess the direct and indirect effects of overwork climate and abusive supervision on turnover intention. By understanding the relationships between these variables and turnover intention, this study seeks to contribute to the existing body of literature, offering a nuanced understanding of the unique work dynamics present in the Malaysian banking sector. The anticipated findings aim to inform management practices by highlighting the importance of addressing overwork and abusive supervision as key strategies for reducing turnover rates. Ultimately, this research aspires to enhance employee satisfaction and commitment, thereby promoting a more stable and productive workforce.Item Determinants of Hydrogen Bond Financing Costs: Gender Balanced Boards & Bond Maturity Type Risk(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Duppati, G.This study examines whether board female representation and bond maturity type risk individually or jointly affect the issuing firms’ hydrogen bonds financing costs. It predicts that corporations with higher female representation on their boards have lower financing costs than issuing organizations with lower female representation. This paper addresses its research issues by examining a sample of 212 corporate and government institutions across 36 countries engaged in the issuing of Hydrogen green bonds, namely callable bonds or maturity bonds. The data is obtained from the Bloomberg database. This study addresses the research concerns mentioned using a variety of statistical estimating techniques, including regression techniques (OLS and Quantile) and propensity score matching tests. The theories considered in the study include masculinity theory, agency theory, and the study's findings. The study results confirm that female representation is a very important determinant of the hydrogen bond financing costs and are robust to testing with different samples, specifications, and explanations. Despite a significant negative relationship between female board representation and financing costs, firms in the lower segment of the bond coupon rate distribution experience a decrease in bond coupon rates with increased female board representation, as compared to the 50th, 75th, and overall average distributions. This suggests that gender diversity may have differential effects depending on the firm's bond financing conditions.