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Item Train Human Resources with Buddhist Teachings for Sustainable Economic Development(Department of Human Resource Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2024) Bulugahapitiye, N.Sri Lanka is currently facing a profound economic crisis rooted in internal issues such as management inefficiencies, attitudes, and political interventions. This study aims to explore the integration of Buddhist teachings on economic management to address these challenges and foster sustainable development. Utilizing a qualitative approach, the research analyzes the Buddhist Pali canon alongside contemporary economic theories. The findings emphasize the relevance of Buddhist principles in tackling poverty, economic mismanagement, and social issues. Key teachings from Buddhist scriptures such as the Kūṭadanta sutta and Sigalovada Sutta offer frameworks for eradicating poverty, achieving full employment, and ensuring the basic needs of the population. The study also highlights the importance of ethical governance as discussed in the Mahaparinibbana Sutta and Cakkavattisihanada Sutta, suggesting that transparency, accountability, and compassion are crucial for economic stability. Additionally, Buddhist concepts of contentment and mindful consumption, as articulated in the Dhammapada, provide insights into sustainable resource use and environmental conservation. The integration of these teachings into education and professional training can cultivate values of mindfulness, ethical conduct, and social responsibility. The practical application of Buddhist teachings in economic policies, community initiatives, and fair trade practices can enhance social harmony and reduce economic disparities. Despite potential challenges such as cultural shifts and policy implementation, the study concludes that Buddhist teachings offer a holistic approach to addressing Sri Lanka's economic crisis and achieving sustainable development. By applying these principles, Sri Lanka can create a more equitable and prosperous society that values both material and spiritual well-being.Item Impact of COVID-19 on Employee Well-being in Apparel Industry in Sri Lanka(Department of Human Resource Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2023) Lakmali, M. G. T.; Sandeepani, D. M. M.Sri Lanka is one of the most vulnerable developing countries suffering from the emergence of novel COVID-19 pandemic. Along these lines, the Sri Lankan apparel sector was mainly impacted. Examining the impact of epidemics on the well-being of employees who work in the Sri Lankan apparel industry is a notable research direction as per the empirical evidence. Thus, the present study aimed to examine the attributes of perceived pandemic concerns in terms of physical, psychological, financial, and concerns regarding social gaze while investigating the well-being of employees working in the apparel sector during COVID-19. A total of 100 apparel sector employees from 10 different companies in Sri Lanka was selected as respondents using simple random sampling technique. A Google-form based questionnaire was developed for the data collection. Data analysis was conducted applying structural equation modelling using SMART PLS software. The results revealed that employees’ physical, psychological, financial, and concerns regarding social gaze, have a significant influence on their work stress during COVID-19 pandemic. Furthermore, work stress during pandemic significantly influences employee well-being in the Sri Lankan apparel industry. Moreover, significant indirect influences were identified between physical, psychological, and financial concerns and employee well-being via work stress. The present study provides valuable insights to the human resource officials attached to the apparel industry to mitigate possible work stress of employees to ensure higher employee well-being during pandemic situations.Item HR Department’s Compelling New Role in Workplace Transition in Response to the Coronavirus(Department of Human Resource Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2021) Peiris, J. M. P. M.COVID-19 is a global health crisis that started in Wuhan, China, and spread rapidly around the world. This pandemic has resulted in restrictions on movement and the temporary closure of workplace premises, business organizations made provisions for implementing remote work. The objective of this conceptual study is to investigate, HR department’s compelling new role in the workplace transition, in response to the covid 19 post-pandemic situations within the Sri Lankan context. The conceptualization was made upon, expanding the role of the HR department in the workplace. A comprehensive literature review was used as the method for this study to achieve the aforementioned study objective. Based on the literature, this study identified that previously HR departments focused on a day in life tasks, administering benefits, and drive to sustainable competitiveness. However, HR teams are now in support of their company's crisis management efforts. Based on the study it has identified, the HR department’s compelling new role in four areas. Developing mental and physical wellbeing of employees, improving the efficiency of remote work, developing employee engagement through effective communication, and providing equal access to opportunities and resources. The practical implications are attempting to promote the HR department’s expanding role in demonstrating a way for the positive results associated with workplace transition in the covid-19 post-pandemic situation.Item Factors Influencing on Career Choice of Management and Commerce Undergraduates in National Universities in Sri Lanka(Department of Human Resource Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2020) Saranapala, I. S.; Devadas, U. M.Selecting one’s career wisely and rightly is a core factor for performance, individual satisfaction and societal wellbeing. Identifying what determines career choice among undergraduates can have many a benefit. This study, therefore, aims at exploring the influence of various factors on career choice decision among management and commerce undergraduates in national universities in Sri Lanka. The existing literature in this regard, within the study context, is skeletal, and that this study, having explained about the socio-demographical composition of management and commerce undergraduates, achieved three research objectives; to assess the level of career choice among Sri Lankan national university management and commerce undergraduates; to identify the priorities of factors affecting career choices; and thirdly, to assess the influence of such career choice factors on level of career choices among Management and Commerce undergraduates in the national universities in Sri Lanka. This study designed as a postpositivist study, taking all national universities that have commerce and management streams as the population while using systematic random sampling. Data were collected using self reported questionnaire from 371 final year management and commerce, undergraduates in six Sri Lankan national universities. Correlation and regression analysis were used in analyzing data. Survey results revealed that personal factors and Job-related factors are the most influential factors on determining graduates’ career choice. Researchers concluded that, personal factors highly influence on career choices that implicate graduates be choosier in deciding their careers rather accepting available and demanded careers in the country. Further, it was concluded that majority of the graduates, concerned have moderately level career awareness. That implicates that graduates may not find their rightly matching career at their earliest, instead, they may realize it, after starting work. The identified implications guided the authors to recommend strong career development activities by the universities through their curricula and out of curricula activities to create career awareness of the most demanding and prioritized careers while motivating the graduates to accept such available careers.Item Predictors of Consumer Creditworthiness: Evidence from Personal Loan Borrowers of a Leading Public Bank in Sri Lanka(Department of Finance, University of Kelaniya., 2023) Nadeesha, R. P. S.; Madhushani, P. W. G.Purpose: The motivation of this study is to explore the significant determinants of consumers’ creditworthiness which support the development of a credit scoring model as non-performing loans are a major problem in lending institutions. Design/Methodology/Approach: Data were collected from four branches of a leading Commercial Bank in the Gampaha District under the convenience sampling technique with 130 personal loan borrowers as the study sample. Findings: The logit model test resulted that age, level of education, and monthly income, are positively influencing the creditworthiness of the borrowers. Increasing the number of dependents and the tenure of the loan have more chances of default. 39% to 56% of the dependent variable was explained by the independent variables in the regression model and the model predicted default correctly by 85.4%. Originality: The study contributes to the existing literature in terms of identifying important predictors for developing a credit-scoring model while helping lenders to assess the creditworthiness of personal loan applicants. Hence the study will assist in taking effectual measures to enhance the quality of the credit approval process and ultimately reduce the losses of lending institutions from bad debt.Item Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from the Listed Companies in Sri Lanka(Department of Finance, University of Kelaniya., 2023) Sarmila, K.; Niresh, J. A.Purpose: The primary objective of this study is to investigate the nexus between corporate governance and corporate social responsibility disclosure in Sri Lankan listed firms. Design/Methodology/Approach: Corporate governance was evaluated using the following criteria: board size, board independence, role duality, women representation, audit committee size, and ownership concentration. The Global Reporting Initiative (GRI) methodology was utilized to assess Corporate Social Responsibility Disclosure (CSRD) using content analysis. This study collects balanced panel data from 44 Sri Lankan listed firms over a five-year period, from 2018 to 2022. Because of their highly regulated nature, the banking, finance, insurance, and investment trust industries were omitted from the sample. All of the information was gathered from yearly reports published on the Colombo Stock Exchange's website in Sri Lanka. Findings: Test results suggest that board size, independence, and women representation have no significant relationship with CSRD. Role Duality, Audit Committee Size and Ownership Concentration exhibit a significant association with CSRD. Moreover, the mean value of the CSRD is 44.56 percent for the selected listed companies in Sri Lanka. Originality: This study contributes to determining the extent to which companies have adhered to the GRI as a widely acknowledged disclosure framework. It provides value to the company's management in order for them to make better judgments on whether the firms should involve them in more corporate governance disclosures in order to raise the degree of CSR to enhance transparency and to promote stakeholders' well-being. The outcome also has ramifications for regulatory agencies in developing obligatory reporting requirements for all listed firms to comply with the GRI framework.Item Stakeholders’ Perception on Auditors’ Role and Its Impact on Audit Expectation Gap with Special Reference to Licensed Commercial Banks in Sri Lanka(Department of Finance, University of Kelaniya., 2022) Prawanth, S.; Perera, K. H.Purpose: This study was conducted to understand the stakeholder perception on auditors’ role and its impact on audit expectation gap. Design/Methodology/Approach: A sample of 457 shareholders, employees, customers, and auditors from different licensed commercial banks were selected for the study using the convenience sampling method. Information collected through questionnaires was analyzed using descriptive analysis and Mann Whitney U test. Findings: The study revealed an audit expectation gap between auditors and the shareholders; the auditors and customers; and auditors and employees in the areas of audit responsibility, the usefulness of audited financial statements, audit education, and providing non-assurance services. However, this gap was not significant with regard to audit reliability among auditors and employees. Practical Implication: The main reason behind this gap is the lack of proper education and understanding of the audit standards and audit practices. This gap can be reduced by giving adequate knowledge and awareness of audits to the stakeholders and the users of financial statements in general. Limitations: The study considered the stakeholders of licensed commercial banks in Sri Lanka, whereas there are so many other financial institutions registered under the Central bank of Sri Lanka.Item Banking Sector Development and Economic Growth in Sri Lanka: An Econometric Analysis(Department of Finance, University of Kelaniya., 2022) Wijesinghe, M. D. J. W.; Dulanjani, P.Purpose: This study aims to explore the role of the banking sector in elevating the economic growth of Sri Lanka by identifying the short-run and long-run relationship between banking sector development and economic growth in Sri Lanka. Design/Methodology/Approach: This study uses annual data for the period 1960 to 2019 from World Bank's Global Financial Development Database and World Development Indicators. Odedokun's model, which assumes the causation between financial development to economic growth, is employed using the bound test within the ARDL framework. Findings: The estimated long-term parameter of the banking industry development indicator was found to be positively affected economic growth by supporting supply-led growth model. The estimations of the Error Correction Model provide a broad picture of the short-term relationship, and the results are highly consistent with the results of the long-term model. Granger Causality test found that the banking sector development granger cause to the GDP indicating a unilateral relationship. Originality: This study differs from the existing studies, which focus on the neoclassical one-sector aggregate production model. Financial development is input along with other real sector variables to identify the short-run and long-run relationship with the help of a newly developed econometric approach.Item Antecedents of Customer Adoption on Digital Banking with Special Reference to Non-Banking Financial Institutes in Sri Lanka(Department of Finance, University of Kelaniya., 2021) Madusanka, K. A. E.; Kumari, D. A. T.Purpose: The principal destinations of this examination are to contemplate and recognize the variables affecting the appropriation of digital banking among non-bank clients in Sri Lanka. Design: A survey was carried out by using structured self-administered questionnaire. As the study is mainly focused on exploring the antecedents of adopting to the digital banking of non-banking organizations of the country, the target population were all the customers who are using digital banking services provided by non-banking organizations in the Sri Lankan context. Accordingly, the sample was based on 300 customers of the digital banking services provided by main players of the industry. The data was analyzed by using descriptive and inferential statistical tools and PLS based SEM was adopted to test the hypotheses. Findings: The researcher has identified the factors; perceived usefulness, perceived ease of use, perceived risk, customer trust, compatibility and information quality affect customer adoption on digital banking among non-bank clients. Originality: The study attempts to distinguish and examine the most significant and practical predecessors that can impact the advanced financial appropriation of non-monetary establishments considering the client's perspective. The study has chosen the TAM model for examining exact discoveries due to its nearby pertinence to the examination question. In view of the chosen model (TAM), however, numerous studies demonstrate that web ease of use, security, data quality, trust, administration quality, comfort, and protection are the main components in the reception of advanced banking by clients.Item Audit Quality and Earnings Management: Evidence from Sri Lanka: Food & Beverage and Hotel Sectors(Faculty of Commerce and Management Studies, University of Kelaniya., 2024) Randenigala, C.J.; Wijesinghe, M.R.P.The company's earnings are crucial for investors' decision-making since they provide emblems about value-creating ability. However, with the possibility of manipulating earnings, the whole purpose of financial reporting becomes valueless. External independent auditing can be identified as a control mechanism that minimises earnings management. This study examines the impact of audit quality on earnings management in the food and beverage sector and hotel companies in the Colombo Stock Exchange from 2013 to 2019. The real earnings management approach and total accruals are used to measure the earnings quality, while audit firm size, presence of the audit committee, frequency of the audit committee meetings and audit timeliness are the audit quality proxies. The study used regression analysis as the main analysis tool, and the findings reveal the existence of earnings management in the food and beverage and hotel sectors. Fascinatingly, audit quality does not significantly impact earnings management in the food and beverage sector, while it exists in the hotel sector. Moreover, companies' size and leverage significantly impact earnings management in both sectors. These findings suggest that effective regulation and monitoring are necessary to improve audit quality for both sectors, especially in the hotel sector companies in Sri Lanka. Hence, enhancing audit quality would minimise earnings management and improve earnings quality, which is instrumental to the decision-makers, especially investors and creditors. Henceforth, we suggest improving the audit quality in the food and beverage and hotel sectors and enhancing disclosure requirements such as research and development expenses, audit time, and non-audit services.