{"id":3147,"date":"2022-05-23T04:33:32","date_gmt":"2022-05-23T04:33:32","guid":{"rendered":"https:\/\/mgt.sjp.ac.lk\/vjm\/?page_id=3147"},"modified":"2022-05-23T08:22:11","modified_gmt":"2022-05-23T08:22:11","slug":"editors-note-2","status":"publish","type":"page","link":"https:\/\/mgt.sjp.ac.lk\/vjm\/editors-note-2\/","title":{"rendered":"Editors\u2019 Note"},"content":{"rendered":"
<\/p>\n


<\/span><\/span><\/p>\n

As the Editors-in-Chief of Vidyodaya Journal of Management (VJM),<\/span><\/span> <\/span>Faculty of Management Studies and Commerce, University of Sri<\/span><\/span> <\/span>Jayewardenepura, Sri Lanka, we are delighted to publish the Volume 8,<\/span><\/span> <\/span>Issue I of the Journal. The VJM is dedicated to publishing quality and<\/span><\/span> <\/span>original research papers in Management and related areas. This issue<\/span><\/span> <\/span>contains eight research papers.<\/span><\/span><\/p>\n

The research papers included in this issue are covering areas of impact of<\/span><\/span> <\/span>taxation on economic growth; influence of empathy and cynicism on<\/span><\/span> <\/span>green buying intention; marginal social cost and Pigouvian tax in a<\/span><\/span> <\/span>Ramsey setting; factors influencing savings behaviour among<\/span><\/span> <\/span>households; insurance companies’ financial and market performance;<\/span><\/span> <\/span>organizational resilience; customers\u2019 technology know-how and selfservice technologies; a legal framework for data protection and privacy.<\/span><\/span><\/p>\n

The first paper analyses the short-run and long-run impact of taxation on<\/span><\/span> <\/span>the economic growth using a linear Auto-Regressive Distributed Lag<\/span><\/span> <\/span>(ARDL) model under two scenarios: without controlling for economic<\/span><\/span> <\/span>liberalization (from 1960 to 2018) and the post-liberalized period (from<\/span><\/span> <\/span>1980 to 2018). The results of both pre- and post-economic liberalization<\/span><\/span> <\/span>conditions suggest that there is a significant long-run positive impact of<\/span><\/span> <\/span>tax level on economic growth. This implies that increasing taxes is a<\/span><\/span> <\/span>viable policy option in achieving fiscal independence without<\/span><\/span> <\/span>compromising growth potential in Sri Lanka.<\/span><\/span><\/p>\n

Examining the influence of empathy and cynicism on green buying<\/span><\/span> <\/span>intention and the mediating mechanism of consumer ethical beliefs is the<\/span><\/span> <\/span>focus of the second paper. The results revealed that empathy and<\/span><\/span> <\/span>cynicism predict consumer intention to buy green products directly and<\/span><\/span> <\/span>indirectly through ethical beliefs. The study asserts that the findings<\/span><\/span> <\/span>particularly important for developing countries like Sri Lanka in<\/span><\/span> <\/span>promoting sustainable consumption which enhances environmental, <\/span><\/span>social and future generations\u2019 well-being.<\/span><\/span><\/p>\n

The third research paper is investigating the relationship between<\/span><\/span> <\/span>Pigouvian tax and marginal social cost in the presence of distortionary<\/span><\/span> <\/span>taxes such as commodity and wage taxes in a Ramsey setting. The results<\/span><\/span> <\/span>indicated that the Pigouvian tax in the presence of wage tax is higherwhen the marginal social cost was considered a variable as opposed to a<\/span><\/span> <\/span>constant. The mathematical models used in this study enable to see the<\/span><\/span> <\/span>factors, such as homogeneity\/heterogeneity of household preferences and<\/span><\/span> <\/span>marginal social cost assumed as a variable as opposed to a constant, that<\/span><\/span> <\/span>impact the dynamics in determining the optimal Pigouvian tax.<\/span><\/span><\/p>\n

The fourth research paper approximates the socio-economic and<\/span><\/span> <\/span>demographic factors towards the level of saving of households in Sri<\/span><\/span> <\/span>Lanka using a quantile regression approach based on the Household<\/span><\/span> <\/span>Income and Expenditure Survey, conducted by the Department of Census<\/span><\/span> <\/span>and Statistics of Sri Lanka. The results showed that gender, income,<\/span><\/span> <\/span>education level have a significant positive impact towards the level of<\/span><\/span> <\/span>saving among households, whilst marital status and poverty have a<\/span><\/span> <\/span>significant negative impact towards the level of saving.<\/o:p><\/span><\/span><\/p>\n

Insurance companies offer a range of economic and social benefits, such<\/span><\/span> <\/span>as minimizing the impact of losses, reducing uncertainty and fear, and<\/span><\/span> <\/span>creating job opportunities. Accordingly, the fifth paper critically analyzed<\/span><\/span> <\/span>the impact of company-specific and macro-economic factors on<\/span><\/span> <\/span>insurance companies’ financial and market performance in Sri Lanka. The<\/span><\/span> <\/span>study provides evidence that the capital structure, capital adequacy, GDP<\/span><\/span> <\/span>growth rate, size of the company and liquidity position are essential<\/span><\/span> <\/span>factors that affect the insurance sector’s financial and market<\/span><\/span> <\/span>performances.<\/span><\/span><\/p>\n

The concept of resilience is considered to be a very promising notion for<\/span><\/span> <\/span>explaining how businesses can survive and develop in the face of<\/span><\/span> <\/span>adversity or instability. The sixth paper evaluates the phases or<\/span><\/span> <\/span>dimensions of the organizational resilience process and its contradictions<\/span><\/span> <\/span>in order to improve the understanding of this complex and embedded<\/span><\/span> <\/span>construct. Findings revealed that contradictions which are encountered in<\/span><\/span> <\/span>different phases of the organizational resilience process are paradoxical<\/span><\/span> <\/span>tensions. The study proposed a framework that
conceptualizes<\/span><\/span> <\/span>organizational resilience dimensions to be managed as a paradox to<\/span><\/span> <\/span>enhance the understanding of the concept of organizational resilience and<\/span><\/span> <\/span>thereby facilitate its operationalization.<\/span><\/span> <\/span><\/p>\n

Self-service technologies (SSTs) are characterized as the technologies,<\/span><\/span> <\/span>provided by an organization, specifically to enable customers to engage<\/span><\/span> <\/span>in self-service behaviors. Exploring the customer technology know-how,customers’ corrective actions in the event of SSTs service\/process<\/span><\/span> <\/span>failures, and differences between customers in terms of service<\/span><\/span> <\/span>performance, technology know-how, and error corrective capabilities in<\/span><\/span> <\/span>SSTs are the focus of the seventh paper. The study identified four types<\/span><\/span> <\/span>of knowledge that SSTs users need to effectively complete service<\/span><\/span> <\/span>transactions: computer knowledge, SST device knowledge, internet<\/span><\/span> <\/span>knowledge, and language ability. Furthermore, the study classified<\/span><\/span> <\/span>numerous mechanisms used by customers to correct errors in SSTs as<\/span><\/span> <\/span>‘error preventing’ or ‘error recovering’ mechanisms. Interestingly, the<\/span><\/span> <\/span>study discovered customer performance disparities among SSTs based on<\/span><\/span> <\/span>their level of technological expertise and error-correcting capabilities.<\/span><\/span><\/p>\n

The eighth research paper assesses the existing legal framework on data<\/span><\/span> <\/span>protection and privacy in Sri Lanka by comparing the Sri Lankan legal<\/span><\/span> <\/span>framework with the UK and Singapore, the countries that are known as<\/span><\/span> <\/span>pioneers of data protection and privacy. With the comprehensive review<\/span><\/span> <\/span>of existing legal frameworks, the study provides a basic guideline to the<\/span><\/span> <\/span>policymakers in Sri Lanka on how prevailing data protection and privacy<\/span><\/span> <\/span>regime need to be improved as non-existence of specific\/separate law to<\/span><\/span> <\/span>deal with data protection and privacy which is identified as a major gap<\/span><\/span> <\/span>in the law.<\/span><\/span><\/p>\n

On a final note, we are grateful for the contribution of authors, reviewers,<\/span><\/span> <\/span>editorial board and the publisher for their continuous support in<\/span><\/span> <\/span>publishing of another volume and look forward to obtaining their<\/span><\/span> <\/span>valuable scholarly contribution for the upcoming volumes as well.<\/o:p><\/span><\/span><\/p>\n


<\/span><\/span><\/p>\n

Dr. L. A. Pavithra Madhuwanthi and Dr. Vilani Sachitra<\/span><\/span>
<\/span>University of Sri Jayewardenepura<\/span><\/span>
<\/span><\/span><\/p>\n

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