11th Students' Research Symposium 2022
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/26042
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Item Board characteristics and firm performance: Evidence from the Life Insurance Companies in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Jayasundara, J.M.D.N.; Buddhika, H.J.R.Purpose: The purpose of this study is to test the hypothesis about the impact of board characteristics on the life insurance firms‟ performance in Sri Lanka. The data used for the study is derived from eight consecutive years from 2014-2021 annual reports of 13 life insurance firms operating in Sri Lanka. Design/Methodology/Approach: This study employed publicly available data from financial databases and annual reports of 13 sample life insurance companies in Sri Lanka which are registered with the Insurance Regulatory Commission of Sri Lanka (IRCSL), for the past eight years from 2014-2021. The annual reports published by the respective companies and the statistical reviews of the Insurance Regulatory Commission of Sri Lanka are used to collect data about the life insurance companies. The Return on Asset (ROA) and Return on Equity (ROE), this study measures the performance of life insurance companies in Sri Lanka. Multivariate regression analysis on panel data is used to find the impact of the board characteristics, such as CEO duality, the Board size, Board independence, Audit committee size Audit committee independence and the performance of the life insurance companies. Findings: The results show audit committee size and audit committee independence have positively impacted the life insurance firms' performance in Sri Lanka while CEO duality, board size and board independence show a negative impact. The outcome emphasizes the importance of good board characteristics in Sri Lankan life insurance companies needed to perform well in the insurance industry. Originality: This finding guided life insurance firms how to manage their board composition to lead to better performances of the organization.Item Determinants of Low Insurance Penetration in the Sri Lankan Life Insurance Market(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Arachchi, K.D.G.; Buddhika, H.J.R.Purpose: Insurance penetration is the most popular measurement in the insurance sector. The main goal of this study is to identify the Determinants of Low Insurance Penetration in the Sri Lankan Life Insurance Market. Sri Lanka has a considerably low insurance penetration when compared with other main south Asian countries. Higher insurance penetration indicates the capability and confidence of the insurance industry. Insurance penetration serves as a benchmark for measuring the progress of the insurance sector. Many studies have been undertaken in the framework of foreign nations, but just a handful in the context of Sri Lanka. Design/Methodology/Approach: It was decided that an insurance penetration research study should be conducted to emphasize the factors of insurance penetration in the Sri Lankan setting. According to previous studies, some independent variables affect insurance penetration, which was Inflation rate, Income, Literacy ratio, and dependency ratio. And the data was gathered over 22 years from 2000 to 2021. This study was conducted as quantitative research and for the analysis of data, this research uses the EWIEWS statistical software to find outs the relationship between the independent variables and the dependent variable (life insurance penetration). Findings: Most of the independent variables are significant to the life insurance penetration in Sri Lanka long run as well as the short run. Not only that, but this study also examines if there is any difference between the pre-war-the post-war and the pre covid and post covid. Originality: This study guided the government of Sri Lanka to focus on factors leading to low insurance penetration ad further weight on those to improve the insurance penetration in Sri Lanka.Item Factors Effecting on Life Insurance Demand during the Covid-19 Pandemic(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Fernando, M.S.S.N.; Buddhika, H.J.R.Purpose: The covid-19 has been a worldwide pandemic and it needs studies related to the effect of people’s demand for insurance during the pandemic which is an important way to transfer risk. And apart from that as an investment method during the pandemic, life insurance plays a vital role. However, there is a lack of research linking covid-19 and people’s demand for insurance. Covid-19 has been a worldwide pandemic which will greatly affect people’s behaviour. Current studies have examined the impact covid-19 on people’s investment consumption and risk-taking behaviour, but there is a lack of research linking covid-19 and people’s demand for insurance which is an important way to transfer risk. In this research, I complement the literature by exploring the impact of covid-19 pandemic and with that situation how people demand life insurance policies. Design/Methodology/Approach: The researcher chose the western province as the population of this research and in this regard, data was collected from life insurance policyholders who live in the three districts which are Colombo, Gampaha and Kalutara district in the western province according to the ratio of population. The data were analyzed by using SPSS software which included statistical tests. Findings: The study aimed to identify the factors that affect life insurance demand during the covid-19 pandemic by focusing on 04 independent variables; dependency ratio, income, economic condition, and social factors. During the study, the researcher identified the above independent variables have a neutral impact and statistically significant relationship between them. Originality: This study found and further guides future factors effect for Life Insurance Industry in Sri Lanka during the Covid 19 period and this would be strong output for similar incidents that will happen in future.Item The Mediating Impact of Employee Motivation Variable on the Relationship between Determinants of Motivation and Organizational Performance(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Fernando, J.A.H.P.; Buddhika, H.J.R.Purpose: Organizations are always seeking to retain talented and motivated employees. Thus, they will maximise the performance of the organization. However, to what extent the employees need to be motivated still needs to be resolved. This study has focused on identifying different determinants of executive employees' motivations related to the general insurance industry in Sri Lanka and the mediating impact of employee motivation on organizational performance. Design/Methodology/Approach: This study attempted to bridge the gap by analysing the impact of determinants of employee motivation on employee motivation and organizational performance. This study sought to find the impact between the independent variables (Financial benefits, non-financial benefits, Management and Leadership factor, and Organizational factor), mediation variable and dependent Variable (Organizational Performance) through thirteen different hypotheses. Employee Motivation is measured as the mediating variable in the relationship between Determinants of Employee motivation and Organizational Performance. This study gathered Primary data from 369 executive employees of eight leading general insurance. Data were collected with a structured questionnaire and SPSS software has been selected as the key software for data analysis According to the research findings. Findings: The linear output supports for identify the linear relationship between independent variables and dependent variables within the study contexts and organizational factors and financial benefits are statistically significant with Employee Motivation and Organizational Performances. Originality: This study will particularly help the general insurance sector to make the right decision to retain their employees.