Development of a Conceptual Model for Performance Management Practices (With Reference to the Listed Sri Lankan Companies)

Abstract

AttachedOne of prime earning sectors in Sri Lanka are the listed companies in the Colombo Stock Exchange which consist of different industries, to provide prominent contribution to economy of the country. However, performance management practices (PMP) and its contextual validity have not been explored with regard to them. Further, in contrast to the western countries, there is a dearth of studies conducted in Sri Lanka relating to the PMP especially in listed companies. There are precise variables identified by scholars linked with PMP in listed companies reviewing existing literature. For that reason, a conceptual model for empirical investigation is developed as the objectives for this conceptual paper if employee capacity, years of existence and owner ship of listed companies are related to PMP in Sri Lanka. Hence, this study is essentially an extensive contribution to the prevailing form of knowledge with the suggested conceptual model to be a foundation for future studies toward this direction.