Factors Influencing on E-Banking Practices: Evidence from Sri Lanka

With the rapid technological advancements, E-commerce deliveries in Sri Lanka have been flourishing tremendously. However, payments have still been identified as one of the main obstacles to the developments of the E-commerce sector. The Cash on Delivery (COD) method has played a significant role in driving the growth of the E-commerce industry and accounts for more than 60% of all E-commerce transactions in Sri Lanka. Although COD is so important, many companies still waver with its processes as it has become a notoriously problematic area in terms of on-time and successful deliveries. Hence, the purpose of this study was to investigate the critical factors influencing online customers' preference of cash on the delivery method to provide insights into the management of E-commerce and logistics industries on the usage of appropriate payment methods for E-commerce transactions. This empirical study is based on the primary data obtained through a survey conducted among Sri Lankan online customers. The data were analyzed using the Partial Least Squares–Structural Equation Modelling technique. Consequently, 'Sri Lankan origin of the online seller,' 'Selling specialized products by the online seller,' 'Availability of wide choice of payment methods,' 'Offering a wide assortment of foreign products by the online seller,' 'Lack of trust on online payments' has been identified as the critical factors influencing Sri Lankan online customers' preference of cash on delivery method.

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Study of Emotional Factors Influencing Professionals' Adoption to E-Payment in Sri Lanka

Advances in Marketing, Customer Relationship Management, and E-Services - Structural Equation Modeling Approaches to E-Service Adoption ◽

10.4018/978-1-5225-8015-7.ch012 ◽

2019 ◽

pp. 222-253

Author(s):

Damith Dhanushka De Silva ◽

Jayaranjani Sutha

Keyword(s):

Factor Analysis ◽

Sri Lanka ◽

Exploratory Factor Analysis ◽

Academic Research ◽

Present Situation ◽

Professional Satisfaction ◽

Emotional Factors ◽

Payment Methods ◽

Factors Influencing ◽

Structured Questionnaire

Electronic payment is widely regarded as a fund transfer between parties electronically for commercial purposes, and it is increasingly being recognized as a key competitive tool in the present situation. While businesses are focusing more on rational factors behind consumer acceptance and adoption of e-payment, academic research is lagging in investigating the emotional factors. This chapter is providing a clear background about how businesses can emotionally influence and motivate consumers to utilize e-payment methods for their day to day transactions. A sample of 460 professionals in Sri Lanka was empirically investigated with the aim of identifying the emotional factors influencing professionals to adopt and use e-payment methods. A structured questionnaire was used to collect data and the exploratory factor analysis identified that the professionals' e-payment adoption was influenced by six different emotional factors. Based on the literature these factors are innovativeness, professional satisfaction, optimism, insecurity, skepticism, and discomfort.

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Study of Emotional Factors Influencing Professionals' Adoption to E-Payment in Sri Lanka

Research Anthology on E-Commerce Adoption, Models, and Applications for Modern Business ◽

10.4018/978-1-7998-8957-1.ch079 ◽

2021 ◽

pp. 1548-1577

Author(s):

Damith Dhanushka De Silva ◽

Jayaranjani Sutha

Keyword(s):

Factor Analysis ◽

Sri Lanka ◽

Exploratory Factor Analysis ◽

Academic Research ◽

Present Situation ◽

Professional Satisfaction ◽

Emotional Factors ◽

Payment Methods ◽

Factors Influencing ◽

Structured Questionnaire

Electronic payment is widely regarded as a fund transfer between parties electronically for commercial purposes, and it is increasingly being recognized as a key competitive tool in the present situation. While businesses are focusing more on rational factors behind consumer acceptance and adoption of e-payment, academic research is lagging in investigating the emotional factors. This chapter is providing a clear background about how businesses can emotionally influence and motivate consumers to utilize e-payment methods for their day to day transactions. A sample of 460 professionals in Sri Lanka was empirically investigated with the aim of identifying the emotional factors influencing professionals to adopt and use e-payment methods. A structured questionnaire was used to collect data and the exploratory factor analysis identified that the professionals' e-payment adoption was influenced by six different emotional factors. Based on the literature these factors are innovativeness, professional satisfaction, optimism, insecurity, skepticism, and discomfort.

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The Role of products of Microfinance for Reducing the Poverty of the Borrowers: Exploratory Factor Analysis

International Journal of Management Excellence ◽

10.17722/ijme.v15i3.1172 ◽

2020 ◽

Vol 15 (3) ◽

pp. 2244-2251

Author(s):

J.A Prasansha Kumari

Keyword(s):

Factor Analysis ◽

Sri Lanka ◽

Exploratory Factor Analysis ◽

Poverty Reduction ◽

Structural Characteristics ◽

Likert Scale ◽

Good Pattern ◽

Pattern Distribution ◽

Independent Variable

This paper intend to analyses the structural characteristics of microfinance and statistically categorized them in to five products of microfinance as independent variable and poverty reduction as dependent variable. Data were gathered from 494 borrowers of Samurdhi microfinance program in five districts in Sri Lanka using Likert scale questionnaire. The collected data analyzed by Exploratory Factor analysis using SPSS 21 version. The factor Metrix of the EFA results presented good pattern distribution among 38 items which indicated that six constructs loaded properly which is greater than acceptable threshold >0.5. Therefore, the results explored that the 38 items can be grouped properly into the six constructs based on their items.

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Development of Entrepreneurial Initiatives in Agricultural Business: A Methodological Approach

European Journal of Sustainable Development ◽

10.14207/ejsd.2021.v10n2p321 ◽

2021 ◽

Vol 10 (2) ◽

pp. 321

Author(s):

Lesia Kucher ◽

Svіatoslav Knіaz ◽

Olena Pavlenko ◽

Olesya Holovina ◽

Oksana Shayda ◽

...

Keyword(s):

Factor Analysis ◽

Methodological Approach ◽

Critical Factors ◽

Factors Influencing ◽

Agricultural Business ◽

The Relationship

The purpose of the study is to improve the methodological approach to taking into account critical factors for the development of entrepreneurial initiatives in agribusiness. To achieve this goal, it is necessary to: identify factors influencing the development of entrepreneurial initiatives in agribusiness; perform classification and analysis of factors in order to identify those that are critical for the development of entrepreneurial initiatives in agribusiness; specify the stages of the methodological approach to taking into account critical factors for the development of entrepreneurial initiatives in agribusiness. It is argued that entropy in the agribusiness environment can be caused by the fact that when forming decisions related to the development of entrepreneurial initiatives, the relationship between critical factors and their nature is not taken into account. It is proved that critical for the development of entrepreneurial initiatives in agribusiness are factors that are related to each other both on the basis of similarity of structure and on the basis of similarity of values that characterize these factors. It is argued that entrepreneurial initiatives in agribusiness should be based on in-depth factor analysis, the results of which exclude fluctuations in the implementation of these initiatives and prevent entropy.

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Factors Affecting the Consumer's Branded Tea Purchase Decision: A Case Study in the Western Province, Sri Lanka

Asian Journal of Economics Business and Accounting ◽

10.9734/ajeba/2021/v21i1030432 ◽

2021 ◽

pp. 67-73

Author(s):

A. M. K. R. Bandara ◽

H. M. M. Gayathri ◽

A. I. Y. Lankapura

Keyword(s):

Factor Analysis ◽

Logistic Regression ◽

Sri Lanka ◽

Brand Loyalty ◽

Binary Logistic Regression ◽

Purchase Decision ◽

Western Province ◽

Factors Influencing ◽

Main Factors ◽

Product Marketing

Aims: The purpose of this paper is to identify the factors influencing on consumers' purchasing decisions for branded tea in Sri Lanka. This study investigated the relationship between the factors influencing a consumer's purchase decision on branded tea and the consumer's loyalty behavior. The study concentrated primarily on the socioeconomic factors that influence consumer brand loyalty for tea. Study Design: Multi-stage quota sampling. Place and Duration of Study: The study was carried out in the Western province, the most densely populated province, and the main administrative and commercial center of Sri Lanka in 2016 - 2017. Methodology: Both primary and secondary data were used in the study. Primary data were mainly collected from a survey using a pre-tested, structured questionnaire. Descriptive analytical techniques, factor analysis, and binary logistic regression analysis were used for data analysis. Statistical analysis was performed using both SPSS and SAS software. Results: According to the factor analysis, three main factors were recognized, such as product, marketing, and lifestyle. The product factor contributes 31 percent to the total variation that implies the prominence of product-oriented variables over the other variables considered. Among the related variables of the product, the highest factor loading (0,963) was received by the taste of the product, while the price (0,946) was the next. The results of the binary logistic regression revealed that both the level of education (ED) and the level of income (IL) had a significant impact on tea brand loyalty. Conclusion: The study concludes that both income and education have a significant impact on brand loyalty for tea, while product, marketing, and life-style attributes are the main factors influencing the purchase decision of the branded tea by the consumer. As product-related attributes contribute more to the purchase decision of branded tea, firms can increase their market share by planning their marketing strategies, focusing mainly on product-related aspects.

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Factors Influencing Student Enrollment in Career Academy Programs

Career and Technical Education Research ◽

10.5328/cter46.1.34 ◽

2021 ◽

Vol 46 (1) ◽

pp. 34-52

Author(s):

Whitney Ketchledge ◽

Michael Kosloski ◽

Philip Reed

Keyword(s):

Factor Analysis ◽

Influencing Factors ◽

Student Attitudes ◽

Student Enrollment ◽

Career Academy ◽

Pareto Analysis ◽

Factors Influencing ◽

Considerable Research

There is considerable research demonstrating strong benefits of the career academy model to students and teachers, but there is little indicating why students enroll in academies and what methods of recruitment may work best. This study assessed factors influencing students' decisions to enroll in career academy programs by looking at factors that influence students to apply for academy programs and reasons students have for choosing not to enroll in academy programs. A survey was used to collect the necessary data with n = 401 responses from students enrolled in an academy and n = 2,421 responses from students not enrolled in an academy. A factor analysis resulted in two larger groupings linking items together based on program experience and student attitudes. A Pareto analysis indicated that counselors were the greatest influencing factors on student decisions to enroll in career academy programs. Parents, teachers, other students, the course catalog, website, and brochure also played a considerable role in how students learned about the academies. The most influential reasons students have for not applying included not knowing, not interested, and missed deadline.

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Factors Influencing the Tourist’s Future Intentions in Small-Scale Sports Events

Sustainability ◽

10.3390/su12198103 ◽

2020 ◽

Vol 12 (19) ◽

pp. 8103

Author(s):

José Miguel Vegara-Ferri ◽

José María López-Gullón ◽

Irena Valantine ◽

Arturo Díaz Suárez ◽

Salvador Angosto

Keyword(s):

Factor Analysis ◽

Confirmatory Factor Analysis ◽

Influencing Factors ◽

Word Of Mouth ◽

Destination Image ◽

Small Scale ◽

Good Strategy ◽

Sports Events ◽

Factors Influencing ◽

Confirmatory Factor

Small-scale sports events are a good strategy for communities seeking to attract visitors and are one of the major attractions of sustainable sports tourism. The aim of this study to determine which factors influence the future intentions of the tourist involved in small-scale sports events. The sample was composed of 236 subjects who participated in a half-marathon in Spain. The results of the Exploratory Factor Analysis (EFA) and Confirmatory Factor Analysis (CFA) provide support for the applicability of the tourists’ perception questionnaire in the context of sports events. The results of both validity (convergent and discriminant) and reliability (internal consistency) analyses were satisfactory. The results indicated that this scale had 18 items distributed in six factors (communication, staff, electronic wordofmouth, destination image, satisfaction and future intentions). The proposal model revealed that satisfaction is a mediated factor between staff and destination image with future intentions of repeating the event. Electronic word of mouth and satisfaction were influencing factors that predicted the tourists’ future intentions. This finding suggests that this questionnaire can be a useful tool in measuring tourist perception on a small-scale sports events scale, allowing a better understanding of the reasons that lead a tourist to select a certain destination and sports event.

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