Banking industry is a crucial industry in the Sri Lankan economy. With the development of technology, the self-banking concept has been introduced in the island and it has now become an integral part to both customers as well as the banking institutions. Therefore, this study focused on the determinants of the technology based self-banking system in Sri Lanka. The main objective of the study was to identify whether usefulness, ease of use, risk and contribution of banking institutions can be a determinant on the adoption of the self-banking system in Sri Lanka. This research tries to make an extension to the Technology Acceptance Model introduced by Davis, (1989). The quantitative data were gathered using a structured questionnaire and the sample size was 164. Cluster sampling was used. Univariate, bivariate and multivariate analytical methods were applied to analyze the data. The findings of the study revealed that there was a moderately high level of self-banking adoption. Furthermore, there is a significantly strong positive relationship between perceived usefulness and perceived ease of use with the adoption of self-banking, while the risk and contribution of banking institutions imply a weak positive relationship with the adoption of self-banking. On one hand, the Multiple regression analysis recognized that perceived usefulness and perceived ease of use are significant determinants for the adoption of self-banking. On the other hand, the risk and contribution of banking institutions do not determine cause of adoption of self-banking. Moreover, usefulness determines the increment in the adoption level of customers more than the ease of use. According to the results of the study, it can be suggested to the banking authorities to build and maintain self-banking technologies in a way that they would increase the usefulness to the customers. Keywords: Self-banking, Self-service banking, Technology Acceptance Model
{"title":"DETERMINANTS OF THE ADOPTION OF TECHNOLOGY BASED SELF-BANKING SYSTEM - EVIDENCE FROM SRI LANKA","authors":"Manel D.P.K., Dias M.A.K.","doi":"10.31357/sljbe.v11.6010","DOIUrl":"https://doi.org/10.31357/sljbe.v11.6010","url":null,"abstract":"Banking industry is a crucial industry in the Sri Lankan economy. With the development of technology, the self-banking concept has been introduced in the island and it has now become an integral part to both customers as well as the banking institutions. Therefore, this study focused on the determinants of the technology based self-banking system in Sri Lanka. The main objective of the study was to identify whether usefulness, ease of use, risk and contribution of banking institutions can be a determinant on the adoption of the self-banking system in Sri Lanka. This research tries to make an extension to the Technology Acceptance Model introduced by Davis, (1989). The quantitative data were gathered using a structured questionnaire and the sample size was 164. Cluster sampling was used. Univariate, bivariate and multivariate analytical methods were applied to analyze the data. The findings of the study revealed that there was a moderately high level of self-banking adoption. Furthermore, there is a significantly strong positive relationship between perceived usefulness and perceived ease of use with the adoption of self-banking, while the risk and contribution of banking institutions imply a weak positive relationship with the adoption of self-banking. On one hand, the Multiple regression analysis recognized that perceived usefulness and perceived ease of use are significant determinants for the adoption of self-banking. On the other hand, the risk and contribution of banking institutions do not determine cause of adoption of self-banking. Moreover, usefulness determines the increment in the adoption level of customers more than the ease of use. According to the results of the study, it can be suggested to the banking authorities to build and maintain self-banking technologies in a way that they would increase the usefulness to the customers. \u0000 \u0000Keywords: Self-banking, Self-service banking, Technology Acceptance Model","PeriodicalId":248705,"journal":{"name":"Sri Lankan Journal of Business Economics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121565102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Foreign Direct Investment is one of the crucial forms of international equity flows for having undeniable growth in gross domestic product among emerging countries. The main objective of the study is to investigate the empirical relationship between foreign direct investment and real gross domestic product in Sri Lanka. Net foreign direct inflow was considered as the independent variable while real gross domestic product was considered as the outcome variable in this study. However, Exchange rate and money supply were selected as the control variables on the relationship between foreign direct investment and real gross domestic product. The current study used annual time series data over the period from 1970 to 2019 which were collected from the annual reports of the Central Bank of Sri Lanka. Stationary of the data was tested using the Augmented Dickey-Fuller test. Johansen co-integration rank test, max Eigen value test, Vector Error Correction (VEC) were used to estimate the relationship between foreign direct investment and real gross domestic product. At the 5% level of significance, the co-integration rank test and max Eigen value test revealed that there is only one co-integration equation existing in the study. Therefore, it was concluded that foreign direct investment has long-run impact on economic growth. Likewise, VEC revealed that foreign direct investment, exchange rate and money supply cause real GDP in the short run. The results support the theoretical prediction that foreign direct investment would play an active role in economic growth as it positively leads to the GDP. The study, therefore, concludes that foreign direct investment is driving the economic growth in Sri Lanka. Keywords: Foreign Direct Investment, Economic Growth, Vector Error Correction Model, Sri Lanka
{"title":"FOREIGN DIRECT INVESTMENT AND REAL GROSS DOMESTIC PRODUCT: ANALYSIS OF EMPIRICAL EVIDENCE FROM SRI LANKA","authors":"Kengatharan, Jeyan Suganya","doi":"10.31357/sljbe.v11.6006","DOIUrl":"https://doi.org/10.31357/sljbe.v11.6006","url":null,"abstract":"Foreign Direct Investment is one of the crucial forms of international equity flows for having undeniable growth in gross domestic product among emerging countries. The main objective of the study is to investigate the empirical relationship between foreign direct investment and real gross domestic product in Sri Lanka. Net foreign direct inflow was considered as the independent variable while real gross domestic product was considered as the outcome variable in this study. However, Exchange rate and money supply were selected as the control variables on the relationship between foreign direct investment and real gross domestic product. The current study used annual time series data over the period from 1970 to 2019 which were collected from the annual reports of the Central Bank of Sri Lanka. Stationary of the data was tested using the Augmented Dickey-Fuller test. Johansen co-integration rank test, max Eigen value test, Vector Error Correction (VEC) were used to estimate the relationship between foreign direct investment and real gross domestic product. At the 5% level of significance, the co-integration rank test and max Eigen value test revealed that there is only one co-integration equation existing in the study. Therefore, it was concluded that foreign direct investment has long-run impact on economic growth. Likewise, VEC revealed that foreign direct investment, exchange rate and money supply cause real GDP in the short run. The results support the theoretical prediction that foreign direct investment would play an active role in economic growth as it positively leads to the GDP. The study, therefore, concludes that foreign direct investment is driving the economic growth in Sri Lanka. \u0000 \u0000Keywords: Foreign Direct Investment, Economic Growth, Vector Error Correction Model, Sri Lanka","PeriodicalId":248705,"journal":{"name":"Sri Lankan Journal of Business Economics","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123077582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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