ICARE 2020
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/22108
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Item Impact of Destination Attributes on Tourists Destination Selection: With Special Reference to Cultural Triangle of Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Raazim, M.A.M.; Munasinghe, M.A.T.K.Sri Lanka is one of the fastest growing tourist destinations in the world. Amongst attractions, “Cultural Triangle”, a region of cultural heritage of the country has become an important venue generating top contribution to income from tourists. However, when compared with the other regions of the country, it records a lower rate of tourists` arrival. Considering the importance of this region as a top contributor to income generation but not in terms of number of tourists visits, this study problematizes the impacts of destination attributes on tourist`s destination selection. Accordingly, the objective of this study is to identify the relationship between destination attributes and tourists’ decision on destination selection to enable identifying their impact on destination selection decisions. The study adopts a quantitative methodology and collected data through primary sources through questionnaire from a sample of 222 foreign tourists. Amenities, Destination Attractions, Accessibility, Ancillary Services, Destination Environment and Service Quality were studied as independent variables while Tourists Destination Selection was studied as dependent variable. Analysis of data reveals except service quality all other attributes have moderate positive relationship while service quality has weak positive relationship with tourist’s destination selection. Further destination attraction was identified as the most influential factor which affects tourists` destination selection. Findings of this study can be used by the policy makers in deciding what/ how things be changed to improve the sector.Item Taxation as a Fiscal Tool for Developing SMEs in post COVID19 New Normal Economy(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Gangodawilage, D.S.K.; Madurapperuma, M.W.; Aluthge, C.No abstract.Item Impact of International trade on Economic Growth of Nigeria (1989 – 2018)(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Adekanmbi Micheal, Oluwakayode; Adekanmbi John, AyodeleInternational trade plays a significant role in the economy of a country. It lets to fulfil the needs of the population of the country, stimulates the internal development. International trade is the exchange of goods and services between countries. The aim of this study is to investigate the impact of international trade on economic growth of Nigeria. It does so by employing the annual data over the period 1989 to 2018. The data used for the study was annual time series data collected from Central Bank of Nigeria (CBN) Statistical Bulletin, World Bank Economic Development Indicator for Nigeria on the internet covering the period of 1989 to 2018. Ordinary least square regression (OLS) estimation technique was employed in estimating the various component of international trade. The study showed that there is a significant effect of export on Nigeria economic growth and also reveal there is no significant effect of import on Nigeria economic growth. Therefore, the study recommends that For Nigeria to grow and have a high living standard, it must be ready to compete with the best in terms of production capacity, in today ‘s world, a country ‘s product must stand up to international competition if they are to survive. For Nigeria to gain access into the international markets, it must transform its raw materials into value-added products, improve quality and ensure consistency in its production capacity.Item The Relationship between Fiscal Policy and Economic Growth in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Rajapaksha, R.A.S.; Tilakasiri, K.K.Fiscal policy perform an important role to achieve macroeconomic objectives. Government revenue is mainly based on tax revenue. Capital Expenditure and Recurring expenditure are the parts of the Government Expenditure. The objective of the study is to identify the relationship between Fiscal Policy and Economic Growth in Sri Lanka for the period of 2000-2019. The dependent variable of the study is Economic Growth and it is determined by Fiscal policy components (Independent variables) such as government revenue (GR) and government expenditure (GE). Correlation and Regression analysis were used to identify the impact of fiscal policy on Economic Growth. The study results are showed that there is a strong positive relationship between Government expenditure and gross domestic product. Consequently, there is a strong negative relationship between Government revenue and gross domestic product. The study findings support the Keynesian theory.Item Business rejuvenation during COVID 19 outbreak: A case study in medium scale manufacturing in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Divakara, S.A.COVID 19 was a cyclone passed over the world impertinently exploring a new arena to think everyone in the world. This pandemic outbreak proved how powerful the nature and no one can challenge to the nature. Thus the pandemic retards all the process and made all to relook how to prepare their countries and plan for a major strategic renewal with the drastic down fall in the economic activities. The study conceptualized the concept of strategic renewal as a strategy to energize in the process of resumption of all the activities in terms of economical and financial within a short period of time from the prevailing situation of the manufacturing industries in Sri Lanka. The industries serve a significant portion to the economic development; thus, it is essential to discuss the strategies that can be applied to restore without sacrificing stakeholders requirement. Case study analyzed the factors based on two research questions what and how the industry faced the challenges to revitalizing the situation in short and long term. The study focused on financial status as against the unprecedented situation and how the organization executes business rejuvenation through strategies conceptualized in the concept of strategic renewal.Item Corporate Transparency and Firm Value: Evidence from Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Niruja, R.; Nimalathasan, B.The aim of this study is to investigate the impact of corporate transparency on firm value. Although managers are getting allowances to disclosure more, existing literature reveals that the disclosure brings negative effects and additional cost. However, being transparent is better way to boost up investors’ confidence through that firms could enhance their value. To clear out these conflicts current study empirically investigates the problem using three proxies of firm value such as return on equity, modified Tobin’s Q and share price. Corporate transparency were measured based on the adjusted S&P disclosure and transparency items under three aspects namely, financial transparency and information disclosure, board and management structure and processes and ownership structure and investor rights. The study considered all the listed firm in Colombo stock exchange as the population and after the careful elimination, total of 126 Sri Lankan listed companies were selected to the empirical analysis. Hypotheses of the study were tested based on the multiple regression. The results of the study reveal that the corporate transparency positively influence on firms’ value in Sri Lankan setting. This result could be practicable by disclosing more information voluntarily. This study contributes to the existing literature by examining the corporate transparency through modified disclosure index.Item Value Relevance of the Accounting Information; An Empirical Study of Selected Sri Lankan Firms(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Weerawickrama, V.L.; Tilakasiri, K.K.This research examines the value relevance of the accounting information in Sri Lanka which has taken book value per share (BVPS), operating cash flow per share (OCFPS), earnings per share (EPS) and return on assets (ROA) as independent variables and the market value per share (MVPS) as dependent variable. The sample of the study includes six largest sectors in Sri Lanka with the observations of 1490. The research is based on Ohlson’s (1995) price model along with OCFPS and ROA are captured. Regression Study found that EPS, ROA and BVPS have significant positive relationship with market value per share. However OCFPS is not statistically significant, but it still acts as a one of the determinant of market value per share with other mentioned variables. The data have been taken from the period 2012 to 2019. The research has covered the periods after to the accounting restructure in 2012 in which Sri Lanka enforced LKAS and SLFRS that were fully converged to respectively IAS and IFRS.Item The Expectation Performance Gap in Accounting Education: A Review and Comparison of Generic Skills between University Undergraduates and Chartered Accountancy Students(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Vidanapathirana, G.T.; Wijesinghe, M.R.P.Today accounting educators have been criticized that accounting graduates and chartered accountants do not possess the generic skills to a standard level. Given this backdrop, the main objective of this study is to compare and consider the perspective of accounting undergraduates and professional accounting students’ perceptions of the extent to which opportunities for generic skills development are exploited in Government University accounting degrees and chartered accountancy professional qualification. Generic skills are determined on the basis of prior studies and the models and a structured questionnaire was developed to ascertain the skills. Accordingly, 70 accounting undergraduates from government universities and 75 professional accounting students from chartered accounting qualification were responded to the study. Under quantitative approach to analyze the data mean ranking and the independent sample t-tests were used. The results indicate that government university educators and chartered accountancy educators should focus more on developing personal skills, inter-personal: leadership skills, interpersonal: communication skills, written communication skills. The results of satisfaction on internship time period shows that chartered accountancy course allocates sufficient time period for the generic skills development.Item The Employee Perceptions towards Corporate Governance Practices of the Listed Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Fernando, A.T.; Dissanayake, D.H.S.W.; Deshika, N.P.T.This study aimed to investigate the employee perceptions towards the corporate governance practices of the listed companies in Sri Lanka. The questionnaire was addressed to employees in the companies listed in the Colombo Stock Exchange, where the sample was constructed out of the top 50 companies of the highest market capitalization.The quantitative research approach is adopted and primary data is gathered using a questionnaire survey with a sample of 100 respondents. The analysis is done by a validity and reliability test followed by factor analysis and an analysis of variance (ANOVA) test. The results show that perceptions of employees on the factors of corporate governance differ with respect to the changes in the demographical factors. The results generated through this study can be beneficial for employees, managers, practitioners, and students in developing a better understanding of employee perceptions and the concept of corporate governance.Item Effect of Corporate Governance on Financial Performance of Companies Listed in CSE(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) De Silva, L.D.; Wanniarachchige, M.K.Corporate governance is in the limelight across the globe as result of a series of corporate failures directly attributable to agency issues. Consequently, many countries have formulated guidelines on corporate governance and incorporated into listing rules as well. Nevertheless, neither the level of compliance nor the effectiveness of the best practices is known without doubt. Therefore, this study measures the corporate governance compliance and investigates the effect of compliance on firm performance using a sample of 100 firms listed in Colombo Stock Exchange. Compliance was measured using a corporate governance index while firm performance was measured using ROA and Tobin’s Q. Findings showed a higher compliance in 2018 compared to 2014 while the compliance was higher in larger firms compared to their smaller counterparts. Nevertheless, an association between compliance and firm performance was not observed contrary to conventional literature. The evidence suggests that the claims made in stewardship theory may be valuable in redefining what constitutes corporate governance in Sri Lanka.