ICBI 2015
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/10527
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Item A Study on Colombo Stock Market Anomalies due to Presidential and General Elections(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Karunarathna, M.B.R.D.; Wijayanayake, A.Over the years researchers are studying stock market anomalies to find ways to earn arbitrage profits. And the position of the government is an important factor when investing in stock market. Internationally extensive studies have been carried out to find whether there is a relationship between position of the government and the stock market anomalies. But there are no studies available for the Colombo Stock Exchange (CSE). Using daily market indices and election information from 1988 to 2015 this research examines the behavior of the CSE immediately before and after the presidential and general elections in Sri Lanka. Wilcoxon signed rank test and homogeneity tests were used in this analysis. Results show that share prices are continuously increasing before the election and decreasing after the polling date. There were few exceptions due to high political stability and instability in the preelection period. Banks Finance & Insurance, Hotels & travels and Manufacturing are the three sectors dominantly increased in the pre-election period. And Beverage, Food & Tobacco, Construction & Engineering and Stores & Supplies have no anomalies during the election period.Item Identifying the Factors Affecting Non-Performing Advances: Lending Officers Perspective(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Gunaratne, N.; Wijayanayake, A.Core income generation source for any commercial bank is “Lending”. The asset value of a bank is several times of its equity. The largest portion of asset base of a bank consists of advances to customers. Non Performing Advances are the main threat to an asset base of a bank. Deterioration of even a small portion of its asset base would severely impact the equity and the stability of a bank. Hence, Key function of any bank is managing Non-performing Advances. The purpose of this research is to identify factors affecting to Non-Performing Advances in the perspective of Lending Officers context. Identified four factors by the author are Training and knowledge of the Lending Officers, Risk assessment, Monitoring and follow up and financial stability of the borrower. The principal under the research is common to all commercial banks in general. The survey was carried out using Simple random sampling method for selection of Lending Officers. Quantitative method was used to gather data through a selfadministered questionnaire. Relationships for the identified factors were analyzed using SPSS 17.0 software through Spearman’s coefficient of correlation. Recommendations of the study are that Non-performing Loans could be managed through enhancing the Training and Knowledge of Lending Officers by adequate credit exposure. Further, it is recommended that, bank need to consider Risk assessment and financial stability of the borrower. Also, continuous monitoring and follow up of Loans.