Finance
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Item Social entrepreneurship: concepts and research areas(Open University of Sri Lanka, 2019) Abeysekera, RuwanSocial entrepreneurship is an emerging phenomenon that provides innovative solutions to persisting social problems such as poverty, lack of access to education, clean drinking water and human rights which were previously overlooked by businesses, governments and non-governmental organizations. The concept of social entrepreneurship has not been defined properly, and hence, is a contested concept. Further, given that it consists of many sub-concepts, it is defined as a cluster concept. Social enterprises engage in social entrepreneurship and they try to achieve sustainability by using business models. Being a new discipline, social entrepreneurship presents many opportunities in research. This paper discusses the important concepts in social entrepreneurship and potential research areas for prospective researchers.Item Default risk and debt recovery strategies in microfinance: evidence from Sri Lankan microfinance sector(the Department of Accountancy, Wayamba University of Sri Lanka, 2018) Kalpani, B.L. Wathsala; Abeysekera, RuwanMicrofinance Institutions (MFIs) contribute immensely to low income earning individuals by providing microcredit and other services such as insurance, savings and training to engage in income generating activities. Microfinance spurs entrepreneurship, alleviates poverty and empowers women. Since MFIs provide microcredit to low income earning individuals who cannot provide collateral, there is a significant risk involved in lending. Hence, MFIs need to have good recovery strategies to maintain better loan portfolios. Thus, the objective of this study is to examine the default risk and debt recovery strategies adopted by Sri Lankan MFIs. Multiple case study method was used in this study as the research method and data was gathered using in depth interviews. Findings show that taking preventive actions such as quality screening, following up and critical monitoring, enhancing social capital, field officer portfolio tracking, providing Business Development Services (BDS), and using effective incentive systems can reduce the default risk. The debt recovery strategies identified by the present study are promise register, reminder letters, deductions form savings and guarantor’s income, and legal actions that could reduce the arrears in the status of default. The findings of this study contribute to both the epistemological and practical domains.Item Concepts and Implications of Theory of Co-production(Faculty of Management & Finance University of Colombo, 2015) Abeysekera, RuwanThe purpose of this paper is to present the concepts of co-production discussed in previous literature and to discuss its implications on research and practice. This is a theoretical paper. It identifies that the extant literature in co-production presents a number of research gaps that can be addressed in future research. These gaps exist in the areas of collective co-production, dyadic relationships and contextual factors. Moreover, the practicing managers and the policy makers can also use co-production concepts identified in this paper to implement in their programmes which offer diverse benefits to the programmes and the clients.Item Business development services (bds) offered by microfinance institutions (mfis) in sri lanka: case study as a research strategy(Open University of Sri Lanka, 2019) Abeysekera, R.Research methodology refers to an overall approach to a problem, which can be put into practice in a research process; from the theoretical underpinning, to the collection and analysis of the data. Research methodology consists of components such as research philosophy, process, strategy, choice and techniques. Strategy provides overall direction including the process to conduct a research. Case studies, experiments, action research and ethnography are strategies that can be used in a research. A case study is an empirical inquiry that investigates a contemporary phenomenon in depth and within its real life context, especially when the boundaries between the phenomenon and its context are not clearly evident. Choosing the correct research strategy is very important for a doctoral study. Thus, Case study method was used for a doctoral study to explore the business development services (BDS) offered by the Sri Lankan Microfinance Institutions through the lenses of coproduction concept. Case study method addresses the research objectives and questions at hand and improves the reliability of the research process. Further case study method contributes to understand the complex relationships in BDS and addresses the call for improved methodological pluralism in BDS research.Item Corporate governance and default prediction: a reality test(Applied Economics, 2019) Fernando, J.M.R.; Li, Leon; Hou, Yang (Greg)Default prediction has commanded the attention of researchers for at least 50 years. This paper addresses several testable hypotheses regarding the relations between corporate governance and default prediction. We employ the conventional logistic regression to provide empirical evidence from U.S. default data over the period of 2000 to 2015. Empirical results are consistent with the following notions: First, default firms are associated with high ownership concentration, low shareholder rights, low financial transparency and disclosures, and less board effectiveness. Second, in-sample and out-of-sample tests support the incremental contribution of corporate governance information on default prediction, when compared with the models involving just financial information.Item A case study on modern supply chain management practices(Naval and Maritime Academy, Naval Base, Trincomalee, Sri Lanka, 2016) Morawakage, P.S.; Perera, A.S.Item Valuing human capital in Sri Lanka: Prospects and challenges(Sri Lanka Association for the Advancement of Science, 2015) Weligamage, S.S.Item The use of students’ feedback indicator in programme quality assessment in Sri Lankan universities(Sri Lanka Association for the Advancement of Science, 2015) Weligamage, S.S.Item Management faculty members’ satisfaction on academic support in Sri Lankan public universities(Sri Lanka Association for the Advancement of Science, 2013) Weligamage, S.S.Item The use of quality assurance assessment grading for performance evaluation of public universities in Sri Lanka(Sri Lanka Association for the Advancement of Science, 2011) Weligamage, S.Quality assurance rating systems can help parents and students to make informed choices regarding university selection. The existing evaluation procedure for academic programmes in Sri Lanka is based on peer reviewers’ judgments on eight selected aspects and the outcome is revealed based on a three level ordinal scale, as Unsatisfactory (C), Satisfactory (B) and Good (A). However, there is no formal method for calculating an overall programme performance indicator within the quality assurance (QA) process in Sri Lanka. The purpose of this study is to assess the applicability and use of quality assurance grading for performance ranking of public universities in Sri Lanka. Secondary data for programme grading in ten selected universities were obtained from the Sri Lankan Quality Assurance and Accreditation Council. Data for faculties of science, agriculture, humanities, social science and management were available. Twenty four total credit values were assigned to eight aspects that are currently used in programme evaluation depending on the relevance of the given evaluation aspects in monitoring programme performance. Three values were assigned for the grading and a formula was developed to calculate the final programme score as the Average Program Performance Index (APPI). Descriptive, regression analysis and ANOVA were used to compare and identify the performance score and the deviation across faculties and universities. Findings revealed that APPI ranges between 2.7 and 3.8. Similar results are observed when considering the specific quality aspects of the programme. This indicates that the performance scores are different within the faculties in the sample selected. However, this GPA difference varied among faculties. While significant deviations in programme performance exist in the faculties of science and management, such deviations are not observed in faculties of agriculture and arts. Results from the regression analysis proved that performance among universities are also different. The study concluded that the reviewers judgmental grading can be used as identifying the performance differences and the best performer among faculties in the public funded universities using the proposed model for programme performance calculation. Findings of this study can be used to identify the highest performer and that can be used as the baseline to compare the performance between universities.