11th Students' Research Symposium 2022
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/26042
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Item Impact of Fintech on Economic Growth: Evidence from Asian Countries(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Tashikala, H.A.L.; Perera, L.A.S.Purpose: Fintech, otherwise called internet finance or digital financial inclusion, simply refers to an amalgamation of finance and information technology. The objective of this study is to examine the effect of Fintech to the economic growth of Asian countries. The sub objectives are to find out whether there is any impact of depth of ATM’s, depth of Credit Cards, depth of Debit Cards and depth of POS terminals on the economic growth of Asian countries. Design/Methodology/Approach: The research uses descriptive statistics, and the panel data regression technique is used to analyze the study. And uses deductive research logic and a quantitative research approach. The total population consists of all Asian Countries. Eight countries were selected as the sample. All the data collected falls into the period between 2009 -2020. Findings: The Research analysis has followed a fixed effect model and it includes Depth of ATMs and Depth of Debit Cards which are significant towards economic growth. Depth of Credit cards and Depth of POS terminals shows insignificant relationship with economic growth. The results emphasize that the overall model is statistically significant, and researcher conclude Fintech and economic growth of Asian countries have a significant relationship. Originality: This is one of the pioneer studies conducted on FinTech and economic growth for South Asian countries.Item Determinants of Financial Literacy with Special Reference to Young Adults in Western Province of Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Malavithanthila, M.K.T.N.; Perera, L.A.S.Purpose: The aim of this study is to investigate and evaluate the factors affecting financial literacy among the young adults of western province of Sri Lanka. The fact that this study expands on the idea of financial literacy and its factors is one of its strengths. Design/methodology/approach: The research has a quantitative survey-based data collection, and it also uses both structural equation modeling (SEM) and Regression analysis. The population of the study is the young adults that is young adults whose age is between 17 to 30 in Western province of Sri Lanka. The sampling method of the study is convenience sampling, and the sample size was determined using Cochran’s formula which is 384.91. Findings: The results of the study showed that the young adults are more confident with financial literacy, financial behavior, financial knowledge, and financial experience whereas they should concentrate more on improving their financial goals, financial decisions and financial wellbeing. With the help of the regression models, it also proved that financial Technology is a new determinant of financial literacy and the model built showed the interrelationship between the financial literacy determinants. Originality: This study fills a gap in the body of knowledge about the several variables that affect financial literacy. It offers data to aid decision-makers in creating plans to improve societal financial literacy.Item The Impact of Extended Service Quality Dimensions on Customer Satisfaction in the Life Insurance Industry in Western Province, Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Wijeruwan, M.P.N.K.; Perera, L.A.S.Purpose: In insurance industry service quality is a crucial factor because the services offer by the company are not visible, the quality of the Service is intangible, and it is difficult to assess quality of the service at the point of purchasing the service. Hence the objective of this study is to examine the impact of service quality dimensions on customer satisfaction in life insurance industry in Sri Lanka. Design/ Methodology/ Approach: The study empirically evaluated five service quality dimensions; Reliability, Responsiveness, Tangibility, Assurance, Technology and Corporate Image and their impact on life insurance customer satisfaction. The service quality measured by SERVQUAL model. Technology and Corporate Image are the newly introduced service quality dimensions to the insurance industry in Sri Lanka. The sample consisted of 277 life insurance customers in Western Province and primary data were gathered through a structured questionnaire among the respondents. Findings: The results demonstrated that there is a significant impact from Reliability, Assurance, Responsiveness, Technology and Corporate Image to the customer satisfaction. But Tangibility has an insignificant impact to the customer satisfaction in Insurance industry. Originality: This study concluded that Technology, Corporate Image, and Responsiveness are the key factors that influence mostly on customer satisfaction in life insurance industry in Sri Lanka. In the light of the results, extended service quality dimensions have an impact of customer satisfaction in Life Insurance Industry in Sri Lanka.Item The Impact of Monetary Policy on Economic Growth and Unemployment: Evidence from Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Ruwindrika, K.R.S.; Perera, L.A.S.Purpose: The purpose of this study is to identify what is the relationship between financial Management practices (fixed asset management, working capital management, accounting information systems, financial reporting analysis), and the financial performance of small and medium-sized enterprises in Matale district, Sri Lanka. Purpose: Economic growth and unemployment are some of the major macroeconomic problems in Sri Lanka for decades. In finding answers to these macroeconomic problems governments make use of fiscal policy and monetary policy. Therefore, the primary objective of this study is to examine the effects of monetary policy tools on economic growth and unemployment of Sri Lanka for the period of 1975 to 2021. Design/ Methodology/ Approach: This study focuses on GDP, Unemployment, and monetary policy tools such as Interest Rate, Money Supply and Exchange Rate. Further trade balance, capital formation, labor force and wages are considered as control variables in the study. The annual time series data are collected from 1975 to 2021. Research uses descriptive statistics, correlation, and regression models to analyze the data. Findings: The results show that the inflation rate, interest rate and money supply have a positive and exchange rate has a negative relationship with GDP. Inflation rate and money supply have positive with unemployment, but interest rate and exchange rate have negative relationship with unemployment. Inflation and exchange rates are significant but inflation rate and money supply insignificant with unemployment.Item Financial Inclusion and Income Inequality: Evidence from South Asian Countries(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Kaushalya, M.L.M.; Perera, L.A.S.Purpose: This study investigates the impact of financial inclusion on income inequality for five south Asian countries such as Sri Lanka, India, Bangladesh, Pakistan and Maldives over the 2007 to 2021. Design/Methodology/Approach: All the data collected as a secondary data and Data for all variables will be collected from the World Bank database, World Governance Indicators, International Labor Organization, the International Monetary Fund, and some national reports from 2007 and 2021. The variables underwent multiple regression model analysis to identify the predictability of the explanatory variables on GINI index. Findings: The research found that there is a positive significant impact of financial inclusion on income inequality in south Asian countries. As well as there is a positive significant impact of the number of commercial bank branches per 100,000 adults, school enrollment, government effectiveness and unemployment on income inequality. There is a negative significant impact of Number of ATMs per 100,000 adults on income inequality. Originality: The results showed that except for SE and GE, the remaining variables of BRANCHES, ATM and unemployment had a significant impact on income inequality. The overall result showed the positive significant impact of financial inclusion on income inequality.Item Determinants of Financial Performance During Covid 19 Pandemic: Evidence from Colombo Stock Exchange(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Eshan, W.M.T.; Perera, L.A.S.Purpose: Financial information is crucial for improving Sri Lanka's economy and delivering critical services to its citizens. The purpose of this study was to identify factors influencing financial performance with special reference to top companies in CSE in 20 sectors in Sri Lanka before and during the COVID-19 period. The study's importance lies in its ability to pinpoint the variables influencing the financial performance of Sri Lanka's top CSE firms across 20 industries. Design/Methodology/Approach: The target population of the study was 295 CSE companies Sri Lanka. The sample size in this study was top 50 companies in CSE in 20 industries. Data was obtained from audited financial reports. Data were analyzed using both descriptive, correlation and regression analyses. Statistical Software for Data Science (Stata) software was used as a tool for data analysis. The dependent variable is a firm’s performance measure ROA, the independent variables include Firm Size (FS), Asset Utilization (AU), Leverage (LEV), Liquidity (LIQ), Capital Structure (CS) and Operating Expenses (OPEX). Findings: The finding shows that leverage and capital structure have significantly impact on financial performance in top companies in CSE in 20 sectors and Liquidity, assets utilization, capital structure and operating expenses are not significantly impact on firm’s performance of companies in CSE in 20 sectors in Sri Lanka in before and during the COVID-19 period. Originality: This study has identified the determinants of financial performance During Covid 19 Pandemic for entire 20 sectors in the CSE.