ICARE 2018

Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/19607

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    The Impact of Environmental Reporting on Company Financial Performance of Listed Manufacturing Companies in Sri Lanka
    (4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Anuradha, P.H.; Rajapakse, R.M.D.A.P.
    The impact of business activities on the environment is gradually increasing. Hence it is vital for stakeholders to be concern on the relationship between environment aspects and company’s decision making process. This study aims to investigate the impact of environmental reporting on the financial performances of listed manufacturing companies in Sri Lanka. Further, this study extends to explain the interaction between the environmental disclosure and firm’s specific variables such as firm size and leverage on firm’s financial performance. The main variables of the study are, environmental disclosure being the independent variable, firm size and leverage as the control variables and Return on Assets (ROA) as the dependent variable. The current study use secondary data of 41 manufacturing companies in Colombo Stock Exchange for the period of 5 years from 2013 – 2017 by using content analysis. Correlation and multiple regression models is used to analyze the relationships of this research study. The results reveal that there is a significant relationship between environmental accounting disclosures and firm’s financial performance when environmental accounting is moderated by firm specific variables such as firm size and leverage of the selected companies.
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    Influence of Market Power on Leverage of Listed Manufacturing Companies in Sri Lanka
    (4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Kumari, R.A.R.N.S.; Aruppala, W.D.N.
    Main purpose of this study is to investigate whether there is any impact of market power on leverage of listed manufacturing companies in Sri Lanka. Because manufacturing sector has grown faster and number of companies also more than any other sector in Sri Lankan economy. The population of the study is forty companies and thirty five companies are selected, based on the data availability for the study. Annual reports of the listed manufacturing companies from 2013 to 2017 were used as the secondary data source to collect data. Profitability, Growth and tangibility are used as independent variables and leverage is the dependent variable. Data analysis conducted by using Eviews statistical package and several statistical measures such as descriptive analysis, correlation analysis and panel data regression analysis. The study has proved that there is a significant and positive relation between market power and leverage. Profitability & tangibility remained significantly negative with leverage whereas growth remained significantly positive with leverage. The study generates valuable insight in the area of market power and leverage as little is known in Sri Lankan context.