ICARE 2020

Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/22108

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Author: search.filters.author.Tilakasiri, K.K.Has files: Yes

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    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.
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    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.