10th Students' Research Symposium 2021
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/24956
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Item Barriers in Progressing Micro Insurance Scheme in Self Employment: With Special Reference to North Central Province(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Senanayake, S.D.L.; Abeysekera, R.Introduction: The primary goal of this research is to identify the major barriers or variables that influence the implementation of microinsurance schemes in the north-central province, with a focus on the self-employment sector. Design/Methodology/Approach: Based on the literature review, the conceptual framework was formulated with independent variables and a dependent variable. Independent variables selected for the study are willing to pay, trust in insurance, accessibility, simplicity and flexibility. The dependent variable is the implementation of microinsurance. Questionnaires were distributed to collect data in two districts of Northcentral Province. The study followed the simple random sampling method for data collection. The sample size was 140. Descriptive statistics and linear regression models were used for data analysis and SPSS was used as statistical software to analyse the data. Finding: According to the findings willingness to pay and trust in insurance significantly influence the implementation of microinsurance. Conclusion: This research help develop microinsurance programmes in Sri Lanka which are not developed at the moment.Item Effect of Financial Literacy on Firm’s Performance of Micro-Enterprises in Sri Lanka (With Special Reference to Gampaha District)(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Madhushani, J.M.N.; Abeysekera, R.Introduction: The purpose of this study is to determine the relationship between financial literacy and the firm’s performance of micro-enterprises. This study focused on how financial literacy factors such as financial knowledge, financial behaviour and financial attitude affect the firm’s performance of micro-enterprises in Sri Lanka. Design/Methodology/Approach: The quantitative approach was used to carry out the research and data were collected from 150 micro-enterprises located in the Gampaha District. In this study, the main source of the data gathering approach was questionnaires. Descriptive statistics, independent sample T-test, ANOVA test, and multiple regression were used to analyze the survey data using the SPSS software. Findings: The study findings demonstrate that financial knowledge, financial behaviour and financial attitude significantly impact the firm’s performance of the micro-enterprises. The study's adjusted R square is 84.4 per cent which indicates that the financial literacy elements in this study explain 84.4 per cent of financial literacy on a firm’s performance. Conclusion: According to the research findings, financial literacy has a bigger impact on microenterprises’ performance. As a result, the researcher proposes that the efforts be expanded to offer micro-entrepreneurs a higher degree of financial literacy through training and skill development.Item Exploring the Effectiveness of Microfinance in Promoting Microenterprises Growth – Special Reference with Gampaha District(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Wickramasinghe, W.A.M.N.; Abeysekera, R.Introduction: Access to microfinance is necessary to create an economic environment that enables Micro-Enterprises to grow and prosper. Therefore, the researcher wants to find out the factors that would contribute to this. This research study explores the effectiveness of microfinance in promoting microenterprises growth from the Gampaha District evidence. Design/Methodology/Approach: The researcher has purposively selected four microfinance institutions in Gampaha, and data were gathered based on the twelve in-depth interviews through a semi-structured questionnaire. Findings: The findings reveal that Microfinance Institutions (MFIs) provide microcredit to existing businesses rather than start-ups. Further, they provide mainly financial services overlooking non-financial services. Moreover, they prefer to use individual lending over group lending. MFIs use business expansions, income and profitability, employability and asset growth as the yardsticks to measure the effectiveness of microfinance programmes. Conclusion: The findings will help the development of microfinance institutions and achieve microenterprises owners’ objectivesItem The Impact of Micro-Financial Support on The Growth of SMEs (With Special Reference to Rathnapura District)(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Ariyasena, M.T.N.; Abeysekera, R.Introduction: The main objective of the study was to examine the impact of micro-financial support on the growth and development of SMEs. Design/Methodology/Approach: In this study, the researcher used a quantitative approach. The primary data were collected by using structured questionnaires and 140 SME holders in Rathnapura District were used as the sample. Financing of SMEs, financial literacy skills, development of management skills and marketing facilitation were chosen as the independent variables and growth and development of SMEs was the dependent variable for the study. Descriptive Statistics, Correlation and Regression Analysis were used to analyze the collected data. Findings: Based on the regression analysis result, it can be concluded that there is no significant impact of financing of SMEs and marketing facilitation on the Growth and development of SMEs. Further, there is a positive significant impact of financial literacy and development of management skills on the Growth and development of SMEs. Conclusion: Microfinance institutions should organize seminars and workshops to train SMEs on financial literacy and managerial skills.Item The Impact of Microfinance on Poverty Alleviation (With Special Reference to Kaluthara District)(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Hansani, R.A.M.; Abeysekera, R.Introduction: The purpose of this study is to analyse the impact of microfinance on poverty alleviation in the Kalutara district. The study focussed on how loan facility, Saving Facility, Member’s ability and training affect poverty alleviation. Design/Methodology/Approach: To achieve the research objectives, the researcher collected data from 150 customers of microfinance institutes in the Kalutara district. This study used the stratified random sampling technique. Questionnaires were used as the main source of the data collection method in this study. Descriptive Statistics, independent sample T-Test, and ANOVA test were used for data analysis and SPSS was used as statistical software to analyse the survey data. Findings: The findings revealed that factors including loan facility, Saving facility, and Training affect poverty alleviation. Conclusion: This study fills empirical and practical gaps. Microfinance institutions must concentrate on loan facilities, saving facilities, and training to alleviate poverty.