Volume 01 - 2012
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/13912
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Item Visitor Characteristics and Perceptions: Case of Horton Plains National Park In Sri Lanka(University of Kelaniya, 2012) Rathnayake, R.M.W.; Gunawardena, U.A.D.P.The aim of this study was to find out visitor characteristics and satisfaction and perceptions of visitors, because park management requires a knowledge of what tourists demand in order that these resources can be optimized. A visitor survey was carried out in Horton Plains National Park (HPNP) to get knowledge on visitor characteristics, satisfaction and their perceptions. The results allowed differentiation of two major types of visitors: generalists and eco-tourists. The visitor survey results imply that HPNP may be the popular tourism destinations for both local and foreign visitors. Majority of foreign visitors (above 50%) are Europeans and majority of local visitors (above 40%) are from the western province. Both local and foreign visitors visit HPNP to see World's End. Generally the satisfaction level among local and foreign visitors at the national park is satisfactory. The majority of visitors are interested in participate in more recreational activities which are not available to have a diverse visitor experience at the park. Some of these visitor services/facilities could be implemented as ecotourism concessions through public-private partnerships. Local visitors mentioned that the tour is worth than that they paid for permits although foreign visitors felt it was not worth what they paid. Marketing of HPNP is not at a satisfactory level and visitors are mainly aware of HPNP from their friends and relatives. This study recommends to Sri Lanka government how to utilize the existing potential in developing ecotourism and maximize the quality of visitor experience at HPNP.Item An Evaluation on Risk and Return of Mutual Funds in India(University of Kelaniya, 2012) Bhuvaneswari, P.; Fernando, W.R.P.K.The Indian capital market has witnessed unprecedented developments and innovations particularly during the decades of 1980s and 1990s. The review studies have analyzed different types of mutual funds by using various measures. Hence, the present study analyzed the risk and return of mutual funds performance of top performing funds for the last three years (2008- 2010). The study concluded that beta values of top six schemes were significantly related to their market index values. The sample of schemes namely Reliance Banking Fund-Growth Plan- Growth Option and UTI Transportation and Logistics Fund - Growth are significantly related to their market value in 2010 only. All sample schemes except Reliance Banking Fund-Growth Plan-Growth Option earned negative returns in the year 2008. Results of the study indicate that the all sample schemes earned positive return in the year 2010.Item The Determinants of Microfinance Profitability: Evidences from Sri Lankan Microfinance Institutions(University of Kelaniya, 2012) Dissanayake, D.M.N.S.W.This study was undertaken with the objective of asserting the significant determinants of microfinance profitability in Sri Lankan microfinance institutions. This study is based on eleven microfinance institutions in Sri Lanka, within the period of 2005- 2010, which are practicing microfinance at present. In this study, profitability is measured by profitability and sustainability ratios. Determinants of microfinance profitability are measured by efficiency and productivity, financing structure and portfolio quality ratios. Profitability is measured by return on equity ratio, return on assets ratio, and profit margin ratio. Sustainability is measured by operational self sufficiency ratio. Efficiency and productivity are measured by operating expense ratio, personal productivity ratio and cost per borrower ratio. Financing structure is measured by debt/equity ratio. Portfolio quality is measured by writeoff ratio. Finally, the researcher intends to postulate that, the cost per borrower is a determinant for return on equity and operational self sufficiency. Besides, the operating expense ratio and write off ratios are determinants of return on equity, return on assets and profit margin. Observations of the debt/equity variable of the study imply causality for the return on assets and operational self sufficiency as a determinant of respective models.Item Causality between Public Expenditure and Economic Growth in Sri Lanka: A Time Series Analysis(University of Kelaniya, 2012) Kesavarajah, M.This paper examines the causality between public expenditure and economic growth in Sri Lanka using time series annual data over the period of 1977-2009. In particular, this study keeps a special focused on various selected components of public expenditure by applying a multivariate cointegration and Vector Error Correction Modeling (VECM) techniques. The empirical evidence suggests, in long run, public expenditure on education, agriculture, health and transport and communication have positive and statistically significant effects on economic growth while defense expenditure shows a negative but a statistically significant effect on economic growth. Granger causality analysis confirms that there is a unidirectional causality running from education expenditure to economic growth, defense expenditure to economic growth, and agriculture expenditure to economic growth, which supports the existence of Keynesian hypothesis in Sri Lanka. Analysis also indicates that existence of bidirectional causality between health expenditure and economic growth, transport and communication expenditure and economic growth. Therefore, the findings of this study provide an important implication to policy makers to improve the efficiency of public expenditure by reallocating among sectors in a growth context.Item Why Independent Inventors Never Quit? In Search of Contribution of Inventive Outcomes on Subjective Success of Independent Inventors(University of Kelaniya, 2012) Wickramasinghe, C.N.; Ahmad, N.; Rashid, S.Modern technological development of the modern society has been evaluated by the number of patents, commercialization and economic gains of technological innovations. Hence, the success of inventors has been purely measured by the objective measures of the invention process outcomes. Even though, this approach agreed with elite organizational inventors, independent inventors of a society are more humanitarian than the organizational inventors. Hence, the pure objective outcome measures were unable to address the question of why independent inventors continue in inventive activities even they are not objectively successful. Previous studies on the independent inventors has not focused on the social and psychological factors. Hence, the understanding of the subjective outcomes of inventive activities have remained unexplained. Along with the traditional objective outcome measures, the present study explains the inventive career satisfaction and sense of inventive community as two subjective outcomes of the inventive activities of independent inventors in Sri Lanka. It explores how the objective outcomes and subjective outcomes of the inventive life relates to the ultimate global happiness and satisfaction of the life of the independent inventors.Item Determinants of turnover intention of sewing machine operators: case from leading apparel company(University of Kelaniya, 2012) Liyanage, D.M.; Galhena, B.L.Item Effectiveness of the privatization process on the government coconut plantation companies in Sri Lanka(University of Kelaniya, 2012) Gunasekera, N.D.S.R.; Thushara, S.C.; Ranasinghe, D.N.Item Comparative advantage in international trade: A study based on leading exports in Sri Lanka(University of Kelaniya, 2012) Sachithra, K.M.V.; Sajeevi, G.A.C.; Withanawasam, M.P.K.; Jayathilake, W.M.S.A.Item Decentralization and role of School Development Committees (SDC) in the public school in Sri Lanka: case study in the Colombo district(University of Kelaniya, 2012) Kasturi Arachchi, C.Item Day of the week effect of stock returns: Empirical evidence from Colombo stock exchange(University of Kelaniya, 2012) Thushara, S.C.; Perera, P.