University of Sri Jayewardenepura: Journals & Proceedings
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    Retail Investors and Turnover Anomaly: Evidence from the Korean Equity Market

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    This study is aimed at finding the role of retail investors in the well-documented turnover anomaly in the Korean equity market. Using the stock-level investor trading data from 2004–2015, I find a robust negative relationship between the turnover and the expected stock returns. This relationship is stronger among stocks with a high retail trading proportion (RTP), indicating that the turnover anomaly could be a mispricing generated by the irrational trading of retail investors. This study has strong implications for anomalies and retail investors’ literature

    Evaluation of plant based natural coagulants for surface water treatment of Pratapgarh District Uttar Pradesh, India

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    The efficacy of three plant-based natural coagulants, namely papaya seed powder, banana peel powder, and lemon peel powder, was evaluated in this study for their ability to remove high electric conductivity turbidity, hardness, fluoride, and nitrate from surface water. The experiments were conducted at room temperature without any adjustment to the initial pH. The results indicated that banana peel powder exhibited the highest turbidity removal rate, achieving 55.6% removal when used at a dosage of 0.4 g/L. Furthermore, banana peel powder demonstrated excellent removal efficiency for fluoride and nitrate, with 85% removal observed at the same dosage. Lemon peel powder also exhibited significant effectiveness, achieving 60% removal. Papaya seed powder proved to be the most efficient coagulant for removing hardness, demonstrating a removal rate of 69.66%. The study further revealed a noteworthy linear relationship between the removal of turbidity and hardness, as evidenced by correlation coefficients (R2) ranging from 0.67 to 0.88. Similar linear relationships were observed for turbidity removals, with R2 values ranging from 0.68 to 0.8. An additional advantage of using these natural coagulants was that they did not cause any pH alteration in the treated surface water. Moreover, Fourier-transform infrared (FTIR) analysis of banana peels indicated the presence of functional groups such as carboxylic acid, hydroxyl, and aliphatic amines. These functional groups likely play a crucial role in facilitating coagulation and flocculation by neutralizing the charges of impurities in the water. This study suggests that inexpensive natural coagulants hold promise for surface water treatment, offering a viable alternative to conventional methods

    Financial Literacy and Financial Distress on Financial Wellness among Public University Students in Sri Lanka

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    Sri Lanka is currently grappling with its most severe economic crisis, marked by a scarcity of foreign currency, impending debt payments, inflation, and shortages in essential goods. The crisis has disproportionately affected the younger generation, impacting their education and businesses. Public university students, in particular, face challenges with rising costs of living and educational materials. This study aims to investigate the influence of financial literacy and financial distress on the financial wellness of public university students in Sri Lanka. While existing literature abroad explores these factors, there is a research gap in understanding their combined impact on financial wellness in the Sri Lankan context. The theoretical framework incorporates Prospect Theory, Behavioral Life-Cycle Theory, and Self-Efficacy Theory. Primary data collection involved survey questionnaires distributed randomly among Sri Lankan public university students, with 122 responses analyzed using EVIEWS and Excel. The results indicate a strong positive relationship between financial literacy and financial wellness, highlighting the positive impact of financial knowledge on overall financial well-being. Conversely, while there is a negative relationship between financial distress and financial wellness, it is not statistically significant. However, when considering the combined effect, there is a significant impact of both financial literacy and financial distress on financial wellness. Overall, the study reveals that public university students in Sri Lanka exhibit higher financial literacy and effective financial management, contributing to their resilience during the economic crisis. The findings emphasize the importance of addressing both financial literacy and distress for comprehensive financial wellness among this demographic

    Customer-oriented HRM Practices: A Review and Reflections

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    The objective of this review is to identify and explore customer-oriented human resource management practices of organizations based on the existing literature and reflections. It is widely acknowledged that there is a need to expand the existing body of literature on human resource management (HRM) and customer satisfaction regarding the functions of HRM. The review of the literature indicates that previous studies predominantly concentrated on a limited number of HRM functions, namelytraining and development, performance management, and reward management when examining the integration of HRM with customer satisfaction. However, it is important to realize that HRM possesses a broader range of possibilities and opportunities for enhancing customer satisfaction within an organizational framework. Hence, this review incorporates diverse functions of HRM to explore the respective customer-oriented HRM practices under those functions. The findings of the review have identified and highlighted several customer-oriented HRM practices under the 12 functions of HRM such as job design, job analysis, human resource planning, recruitment, selection, induction, performance management, training and development, reward management, discipline management, health and safety management and employee relations. Further, identified customer-oriented HRM practices were categorized as customer-oriented competence and attitude-building practices, customer-oriented motivation-enhancing practices and customer-oriented employee involvement practices by using the lens of Ability-Motivation and Opportunity (AMO) theory. Key Words: Customer Orientation, Customer Satisfaction, Human Resource Management, Practice

    Impact of Workplace Ostracism on Turnover Intention: A Study of Machine Operators Working in the Apparel Sector, Rathnapura District, Sri Lanka

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    Employee turnover and turnover intention have become critical issues for organizations as they create direct and indirect costs for them. Employees with turnover intentions in the organizations also tend to be less productive, since they are not really interested in their jobs and are merely there to wait for the right moment to move on to other organizations. The main objectiveof this study was to study the impact of workplace ostracism on turnover intention. This study was carried out as a cross-sectional field study, predominantly applying the hypothetic deductive approach. The population of the study comprises the machine operators working in the apparel sector in the Rathnapura district. Simple random sampling method was used as thesampling technique and the sample size of this study was 322 respondents according to the Morgan table. Personally administrated questionnaires were used for collecting the data under the quantitative data collection methods. The data was analyzed using Statistical Package for Social Sciences (SPSS). Through the analysis of the study, the researchers tried toassess the impact and identify the association between workplace ostracism and the turnover intention of machine operators in the apparel sector. According to the data analysis there is an impact of workplace ostracism on the turnover intention of the machine operators in the apparel sector in Sri Lanka and workplace ostracism impacts 68.4% of the turnover intention. Key Words: Meaningful Existence, Sense of Belonging, Sense of Control, Self-esteem, Turnover Intention, Workplace Ostracis

    Inculcating Values Through Entertainment: A Study Based on Sinhala Children’s Songs

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    Children’s songs have an impact, on the wellbeing, personality development, communication skills and cognitive growth of preschool and elementary school children. They teach values, character education and positive behavior through creativity. This study aims to explore how Sinhala children’s songs can be used as a medium to instill values. A purposive sampling method was used to select twelve songs for analysis. Each song underwent an examination to identify phrases and ideas related to ten fundamental values using discourse analysis. Through qualitative approach, the research focused on uncovering values embedded in the lyrics. The importance of these values was assessed based on their presence and influence on the theme and narrative. Application of Schwartz’s Theory of Basic Human Values revealed a range of values within the selected songs that reflect experiences and perspectives influenced by cultural norms, family dynamics and societal expectations. The songs highlight concepts such as thoughtfulness, empathy, respect, education, tradition, relationships, personal growth, ethical reflection and cultural values such as benevolence and harmony with nature. Among this identified values benevolence emerges as the main theme in the songs symbolizing nurturing love and support. Conversely, power appears to be the least emphasized value in these songs, suggesting that they place an importance on relationships, empathy, personal growth and kindness. In a nut- shell, it is crystal clear that children's songs have the ability to impart values in children, aiding the overall development of a child's character. DOI: http://doi.org/10.31357/fhss/vjhss.v09i01.0

    A Simplified Conceptual Study of the Subject of Organizational Behaviour

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    Organizational Behaviour (OB) is a subject which is useful for becoming a successful manager in any type of organization. As far as teaching and learning OB was concerned, some performance and theoretical gaps were observed particularly in a developing country context. This research paper is a result of a conceptual study which attempted to achieve six objectives: (1) to presentdefinitions of OB given by various appropriately qualified authors, make a brief descriptive analysis about the definitions, and assert the general meaning of OB; (2) to ascertain whether OB is a part of HRM; (3) to explore and describe how OB distinctly differs from HRM; (4) to explore and describe how OB relates or becomes a synonym to subjects such as Industrial Psychology,Organizational Psychology, and Work Psychology; (5) to explore and describe how OB relates to Human Relations; and (6) to argue that OB should be an essential subject in Management Education. Adopted research strategy was the desk research and two non-scientific methods, i.e., authority to a greater extent and intuition to a lesser extent were used to carry out the study. Aconcept called 13 A’s of OB Competencies is introduced in this paper. It is believed that the write-up and the findings in achieving the six objectives are useful for teaching and learning the subject or course of OB at least in a developing country context. Key Words: Definition, Human Resource Management, Management Education, Organizational Behaviou

    ATTITUDES TOWARDS THE APPRAISAL OF ACADEMICS’ EMPLOYMENT PERFORMANCE IN PUBLIC UNIVERSITIES IN SRI LANKA

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    This study examined the attitudes toward the performance appraisal of academics of public universities in Sri Lanka. The sample was selected using stratified and simple random sampling techniques. The sample size was 300 and it was allocated proportionately based on the designations of the teaching staff: Professor, Senior Lecturer and Lecturer. A questionnaire was used as a tool to gather the required data from the sample. The study employed a descriptive-analytical method and Principle Component Analysis (PCA) for analysing the quantitative data. According to the information which is sent by the respondents through open-ended questions of the questionnaires, the study revealed the need for a proper appraisal method to measure employee performance. Results of the descriptive analysis indicated the nature of the demographic characteristics of the respondents and their performance and achievements in the higher education field. Using PCA constructed three models for attitudes on existing methods related to promotion and motivation, socialization and orientation, and performance appraisal of academic staff members. Total variation of existing promotion and motivation methods, socialization, and orientation, the current performance appraisal method was described as 91.92%, 82.96%, and 94.13% respectively. The study concluded the importance of a proper appraisal method to measure the academic performances and administrative performance of members of the academic staff of the public universities in Sri Lanka

    The Impact of Climate change on Water Resources in Northern Sri Lanka: Stakeholder Perspectives

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    Climate change is a global phenomenon affecting the entire planet, including Sri Lanka. The Northern Province of Sri Lanka is particularly vulnerable to the impacts of climate change, especially regarding water resources. Public awareness of climate change and its impact on water resources is crucial for sustainable water management practices in the study area. In this context, this study attempted to analyze public perception of the climate change impact on the water resources of Northern Sri Lanka. There are different groups of water users in the study area. They were stratified as agriculture water users, industrial water users, fishing water users and domestic and drinking water users. Accordingly, a questionnaire survey was conducted using a stratified sampling method to identify consumer perceptions, and the collected data were analyzed using the SPSS tool. 87% of the consumers believe that climate change has a significant impact on water resources, and 50% of the people expressed vulnerability of the agriculture sector to the climate change impact on water resources. Water scarcity during the yala season became a crucial threat to paddy cultivation in the study area. Other kind of water users such as industrial water users, fishing water users and drinking and domestic water users face difficulties in obtaining water resources for their needs during the SWMS and FIMS. Furthermore, drinking and domestic water users mentioned that they face water quality issues especially during July, August and September. During the southwest monsoon season, water users face difficulties in obtaining water for their domestic needs due to water scarcity. Majority of the water users know about climate change, but many of them don’t know how climate change affects their water sources. Water suppliers should implement special projects regarding climate change impacts on water resources in the study area. This will lead the water users to use water efficiently and protect the water sources sustainably. DOI: http://doi.org/10.31357/fhss/vjhss.v09i01.0

    Factors Influencing Tax Evasion: The Perception of Sri Lankan Medium-Sized Taxpayers

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    This quantitative study investigates the taxpayers’ perceptions of tax evasion. The tax evasion determinants were considered as institutional, economic, socio-psychological, and political and legal factors. Using a 5-point Likert scale, this study looked at 436 medium-sized entrepreneurs in the Colombo district to determine the most influential determinant of tax evasion. The survey responses were gathered through a questionnaire. The results show that socio-psychological and economic factors have a significant and negative impact on medium-sized taxpayers’ income tax evasion behaviour while institutional and political and legal factors have a weak association on tax evasion. The findings show that tax evasion is influenced by socio-psychological factors such as fairness of the tax system, moral obligation, and social influences, as well as economic factors such as tax rates, penalties, audit, and taxpayer privileges. The results highlight that in the Sri Lankan context, socio-psychosocial factors are regarded as a very crucial determinant that impacts individual income tax evasion. In addition, it offers insight into the influence of gender of business owner on tax evasion behaviour. Results suggest that medium-sized taxpayers’ tax evasion behaviors could be changed if tax policy decisions contemplate more on taxpayer’s psychological condition and affordability to pay tax. Distributing the tax burden to a greater number of taxpayers will help to increase tax compliance.     DOI: http://doi.org/10.31357/fhss/vjhss.v09i01.0

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