10th Students' Research Symposium 2021
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/24956
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Item Stock Market Performance During the Covid 19 Pandemic in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Wasana, W.P.; Premarathne, W.G.I.D.Introduction: With the covid 19 pandemic eruption, Sri Lankan economy began to collapse. Stock Market ranks among the best indicators of a country’s economic condition. This study focuses on identifying the impact of the covid 19 pandemic on performance of Colombo Stock Exchange. Design/Methodology/Approach: In this study monthly values of All Share Price Index (ASPI) and USD Exchange rate were used as independent variable; the monthly Total Return Index (TRI) value was also used as dependent variable to measure the Colombo Stock Exchange performance. Monthly data from March 2017 to February 2020 were used to show stock market performance before the covid 19 pandemic and monthly data from March 2020 to December 2020 were used to show Colombo Stock Exchange performance during the period of the covid 19 pandemic. Findings: The stock market performance during the Covid 19 pandemic was not the same as the stock market performance before the covid 19 pandemic. And the findings conclude that Covid 19 pandemic is negatively affecting the performance of the stock market. Conclusion: The study concludes that the performance on the Colombo Stock Exchange has declined due to the covid 19 pandemic, and the future researchers have an opportunity to improve the study using death rates etc. as well as independent variables for the study.Item Financial Stability and Economic Growth: Evidence from South Asian Region(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Rajapaksha, R.S.D.S.D.; Perera, L.A.S.Introduction: This study investigates the impact of financial stability on economic growth in south Asian region. For this purpose, researcher had employed panel data analysis for the period of 2010 to 2020 and for 6 south Asian countries. Design/Methodology: To measure the impact on economic growth study used Gross Domestic product as the dependent variable and Ratio of regulatory capital to risk-weighted assets, Ratio of non-performing loans to gross loans, Ratio of liquid assets to total assets and Ratio of return on assets used as independent variables. Financial depth, Consumer Price Index, Population and Trade openness used as control variables. Researcher used fixed effect model for analysis data. Findings: The study revealed there is no significant impact between the Ratio of regulatory capital to risk-weighted assets, Ratio of non-performing loans to gross loans, Ratio of liquid assets to total assets on GDP. Ratio of return on assets has negative impact on GDP. Population and Trade openness have positive significant relationship to the Gross Domestic product. Consumer price index shows insignificant impact to the Gross Domestic Product. Financial depth shows significant negative relationship to the gross domestic product. Conclusion: This study concludes there is no significant impact from financial stability on economic growth in south Asian countries.Item Perceived Risk Factors Affecting Consumers’ Online Insurance Policy Purchase Behavior(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Weerasiri, R.A.U.I.; Chathurika, H.L.D.J.Introduction: This paper examines the relationship between four factors of consumers’ perceived risk and consumers’ online life insurance policy purchase intentions. Design/Methodology/Approach: A questionnaire was used to collect data, and regression analysis was used to test the hypotheses. A total of 110 respondents have contributed to the survey, and data were quantitatively analysed via IBM SPSS Statistics 23. Findings: The findings suggest that consumers perceived risks when purchasing a life insurance policy online. All the four perceived risk factors have a significant negative influence on consumer online life insurance policy purchase intention. Conclusion: This research gives useful information to insurance companies in online activities and hopes that the findings of this study can help insurance companies to formulate strategies to reduce risks in online purchasing. The development of online shopping has led to some challenges. This issue appears because many insurance companies who do online activities do not understand the main factors contributing to consumers’ perceived risk. Studies on consumers’ perceived risks toward online life insurance policy purchase intentions are still inconclusive. Thus, this paper fills the gap in the research area.Item The Factors Affecting on Usage of Cash Deposit Machines: With Special Reference to Elpitiya Area(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Suduwella, T.S.; Premarathne, W.G.I.D.Introduction: More recently, E-Banking or financial services via electronic systems spreaded more among customers due to information technology improvement & through competition between banks. This study aims to investigate the factors affecting on usage of cash deposit machines in Elpitiya area in Sri Lanka. The Technology Acceptance Model (TAM) was used to fulfill the intention of the research. Design/Methodology/Approach: The study used simple random sampling as the sampling technique and related data were collected using a questionnaire. A random sample of 250 respondents were selected and distributed the questionnaire both as hard copies and Google forms where yielded a 100 percent response rate. Dependent variable for the study was usage of cash deposit machines & there were three independent variables as perceived ease of use, perceived usefulness, security & privacy and Reliability. This study used correlation test, multicollinearity test, regression test, and descriptive statics for analysis. Findings: The findings show that all the independent variables; Perceived ease of use, perceived usefulness, security & privacy and reliability have a significant effect on usage of cash deposit machines. At the same time, perceived usefulness is the most influencing factor for the Cash Deposit Machine usage in Elpitiya city. Conclusion: The study findings make a guidance to future researchers to find out other variables that are related to Cash Deposit Machine usage. Thus, this study contributes both to the practice and knowledge domain.Item Impact of Firms Specific Factors & Macroeconomic Factors on Debt Financing: Evidence from Capital Goods, Consumer Service and Foods Beverage & Tobacco Sectors in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Pankaja, H.P.H.; Perera, L.A.S.Introduction: The purpose of this study is to identify the impact of firms' specific factors and macroeconomic factors which determine the level of debt financing over equity financing of the capital goods, consumer service, and food, beverage, and tobacco sectors in Sri Lanka. Design/Methodology/Approach: Pecking order theory, agency theory, and trade off theory are taken to explain the relationship between debt financing. The population of the research is twenty sectors and two hundred and twenty-five non-financial companies listed on the Colombo stock exchange (CSE) in Sri Lanka. We are only focusing on 3 sectors, including 15 non-financial companies, selected for the sample, based on the market capitalization and using annual reports from the year 2011 to 2020 as the sample period of this research. A Panel Regression is performed using the E-Views 10 and Stata 13 software to analyses the calculated ratios for each factor. Findings: Based on the findings of a study involving a number of variables, the firm's leverage is negatively related to its performance and interest rates, but agency cost of debt, tangibility, liquidity, sales growth, non-debt tax shield, and inflation rate are all positively related to leverage. Furthermore, it found that firm performance and interest rate number have a negative significant effect on the dependent variable, liquidity, inflation rate have a positive significant effect on the dependent variable, while all other variables are insignificant to the model. Agency cost, tangibility, sales growth, non-debt tax shield, firm age, and size of the firm are not in line with the hypotheses developed. Conclusion: Evidence from past research is found to be proven with the results generated. This study contributes to enhancing the existing literature through analyzing the impact of factors on debt financing in non-financial companies listed in Sri Lanka.Item The Study of Awareness and Knowledge of Fintech Among Management Undergraduates in State Universities in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Perera, M.P.G.R.; Samarawickrama, A.J.P.Introduction: FinTech is become a catchword in the world and has reached its maturity in recent years. Academia is one of the valuable stakeholders of FinTech system. Therefore, its involvement into the development and usage of financial technology is very much imperative. Just as management students represent an important segment of FinTech products and services users. From this point of view, the paper aims to investigate the FinTech knowledge and awareness level among management students. Design/methodology/Approach: Descriptive statistics are used to analyze the level of awareness and knowledge of undergraduates regarding FinTech. Inferential statistical tool independence sample t-test and one-way ANOVA are also used to analyze the impact of the demographics of respondents on their level of knowledge about the practices and terms used in FinTech. Correlation is applied to measure the difference and relationship between variables. Findings: FinTech emerged around the over the world and reached its peak in recent years. The management undergraduates of state universities in Sri Lanka cannot overlook this phenomenon and they need to be aware of this innovative and emerging industry. Conclusion: This clearly shows that management students have different levels of knowledge about FinTech. Overall, their knowledge of FinTech is low. But as management undergraduates, it is essential to have adequate knowledge of FinTech as they look forward to entering these fields in the future.Item The Impact of Risk Management on Firm Profitability: With Special Reference to the Commercial Banks in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Soysa, W.D.M; Premarathne, W.G.I.D.Introduction: Banks are crucial to the sustainability of any economy, because they facilitate business, trade, and the efficient deployment of idle funds. Banks also play an important role in implementing government monetary policies. However, banks’ incapacity to satisfy their intermediation commitments exposes the financial system to some risk. Thus, this study aims to identify the effect of risk management on firm profitability in Commercial banks in Sri Lanka. Design/Methodology/Approach: The research population is commercial banks in Sri Lanka and the study covered a period of 10 years from 2011 to 2020. Based on the market capitalization and relevance to the Sri Lankan context, 12 Domestic Licensed Commercial Banks were recognized as the sample for this study. Return on Assets and Return on Equity were utilized to assess financial performance in the study. Nonperforming advances, net interest income to total assets, loan to deposit and cost to income ratios were used to measure the impact of credit risk, market risk, liquidity risk and operational risk respectively. Further, descriptive statistics, correlation and regression analyses were applied to analyze the data Findings: According to the regression Analysis all independent variables had a significant impact on commercial banks’ financial performance except Loan to deposit ratio which represent the Liquidity risk. It had a positive insignificant impact on ROE. Moreover, still the same variables show a significant positive impact on ROA. Conclusion: According to the findings, banks should strike a healthy balance between financial risk management methods and financial performance by employing appropriate market, credit, liquidity and operational risk management practices that will protect their banks' safety while also yielding positive profits.Item Impact of Firm Characteristics and Macroeconomic Variables on Liquidity Risk of Listed Commercial Banks in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Anurasiri, H.M.M.H; Perera, L.A.S.Introduction: In this study, researcher make an effort to identify the nature of the impact of firm characteristics and macroeconomic variables on liquidity risk of banking sector in Sri Lanka by using 9 listed commercial banks. Design/Methodology/Approach: The study is a basic research and it aims to conduct a quantitative research by using deductive approach and designed on casual research by empirically testing the impact of 9 independent variables on liquidity risk of listed commercial banks in Sri Lanka and used Random-Effect Panel data Regression method to analyze the data. Findings: Leverage, Net Interest Margin, Bank Size, Interest Rate and Exchange Rate show a significant impact on Liquidity Risk of Listed commercial banks in Sri Lankan context and at the same time; Capital Adequacy Ratio, Non-Performing Loans, Return on Assets, and Inflation show an insignificant impact. Conclusion: Findings of this paper will help banks’ managers to reduce liquidity risk and keep their banks at a better liquidity position.Item A Study on Service Quality and Its Effects on Customer Satisfaction in Online Banking in Kaduwela Region(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Nethmini, M.L.; Samarawickrama, A.J.P.Introduction: The purpose of the study is to analyze the service quality and its effects on customer satisfaction in online banking in Kaduwela region. Service quality in online banking is most important to the banking sector because service quality highly contributes most to the customer satisfaction in online banking. Further, this study explores the level of customer satisfaction on online banking through the service quality in online banking and explores the influence of the service quality factors in E-SERVQUAL model on customer satisfaction in online banking. Design/Methodology/Approach: The chosen sample of 200 online banking users who live in Kaduwela region, were selected as research sample. Researcher has used primary data for the data collection. The collected quantitative data were analyzed using SPSS with descriptive analysis techniques. The final version after conducted data analysis of the E-SERVQUAL model for measuring online banking service quality dimensions (Efficiency, Reliability, Security & Privacy, Responsiveness and Empathy) with total of 34 questions. Findings: Findings show that the level of customer satisfaction was 88.67%, it states the high level in customer satisfaction. Results show that, according to the personal correlation analysis, all the dimensions have significant and positive relationship on customer satisfaction in online banking. According to regression estimates, two dimensions (Efficiency and Security & Privacy) were statistically significant with customer satisfaction while three dimensions (Reliability, Responsiveness and Empathy) were insignificant. Conclusion: Results show that service quality is significantly influence the customer satisfaction.Item Impact of the Covid-19 Pandemic on the Level of Non-Performing Loans in the Banking Sector of Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Wijesundara, W.M.H.N.; Herath, H.N.M.P.Introduction: The aim of this paper is to investigate the impact of the Covid-19 pandemic of the level of non-performing loan in the Banking sector of Sri Lanka. The choice of this study was driven by the importance of non-performing loans that proved to be a major problem of the financial system. Design/Methodology/Approach: This study tried to find evidence as to whether the covid-19 pandemic is contributing to the increase in level of non-performing loans. For this analysis, over which a multiple regression analysis as performed. Secondary data from the banking sector were used in the analysis was performed. Findings: Results of the regression analysis depicted a significant positive impact from the credit growth to the level of non-performing loans. Also results showed a significant impact from the Covid-19 on the level of non-performing loans in the banking sector. Conclusion: With the spread of the covid-19 virus, banking sector has been severely impacted as a result of deteriorated purchasing power of the people leading to credit defaults.