ICARE 2022

Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/25708

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The impact of green manufacturing practices on economic performance of the listed manufacturing companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Ruvini, W.K.; Munasinghe, M.A.T.K.
Green manufacturing practice is of vital importance in today’s context as people have become more conscious about the environment and this has mainly affected the manufacturing industry. Companies that should be considered when making strategic decisions on green manufacturing could benefit from the guidance provided by studies like this one that link green manufacturing practices with the economic performance of Sri Lanka's listed manufacturing companies. Most of the studies were done relating to the impact of the green practices on operational or financial performance, where limited studies revealed the impact on the economic performance of the manufacturing companies in Sri Lanka. Hence the purpose of this study is to investigate the impact of green manufacturing practices on economic performance of the listed manufacturing companies in Sri Lanka. This study will mainly test the existing practices, key aspects of economic performance subjected to green manufacturing practices & relationship between the green manufacturing practices and economic performance. This research will use the return on equity (ROE), return on asset (ROA) and return on capital employed (ROCE) to measure the economic performance of the organization. This research has used all the manufacturing listed companies as the population, and 50 companies were selected as the sample for the study. Data will be collected from annual reports for the period from 2017 to 2022. In this study, descriptive analysis, correlation analysis, and regression analysis are used to analyze the data by using e views software. The findings will report that all the green manufacturing practices considered in this study affect the economic performance of the listed manufacturing companies in Sri Lanka. This study is expected to contribute to all the society, decision makers and policy makers to identify regarding the economic performance and green practices in organization.
The effect of corporate social responsibility practices on the firm’s reputation and performance: evidence from the listed licensed commercial banks in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Dissanayake, D.M.V.P.S.; Karunaratne, W.V.A.D.
This study is aimed to examine the effects of Corporate Social Responsibility practices on the firm’s reputation and performance. This study used listed licensed commercial banks in the Sri Lanka context. This study has used corporate social responsibility dimensions such as employee satisfaction and customer satisfaction. The data is collected from the annual reports of listed licensed commercial banks in Sri Lanka, employees who work in listed licensed commercial banks in Sri Lanka and customers who consume banking facilities in listed licensed commercial banks in Sri Lanka. The data is collected from a structured questionnaire as a primary data source. The study examined a sample from Sri Lankan-listed licensed commercial banks covering the period of 2012–2021. The regression analysis and descriptive statistics are absorbed for analyzing data using SPSS software and EViews software. Days in the present, corporate social responsibilities are the most talkative concept in the world. According to the Covid-19 pandemic situation, CSR is considered the main concept of an entity. Recently banks are used CSR practices to improve their performance and the reputation of the company through the attention of the customers and their employees. Company reputation is the most important factor to improve the level of customers. There is no significant and appropriate evidence regarding the effects of Corporate Social Responsibility practices on the firm’s reputation and performance Sri Lankan commercial banking industry. According to previous studies, there are four approaches to CSR that have been specified inactive, reactive, active and proactive. This research will be used this model to identify the relationship between CSR practices and firms’ performance and reputation. The findings of the study would be useful to the policymakers, potential investors and different types of other stakeholders in the banking industry.
The review of company response on sustainable development goals - evidence from listed manufacturing companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Fernando, W.S.R.; Munasinghe, M.A.T.K.
This study aimed to examine the companies’ response to sustainable development goals (SDGs) by reviewing information disclosures in company annual reports. The sample of this study includes annual reports of 25 listed manufacturing companies in Sri Lanka that reported SDG information for five years during 2017-2021. Qualitative content analyses were used to analyze the information contained in the reports to recognize the nature of commitment to SDG/s. As the findings reveal over the years manufacturing companies have moved from a few towards including all 17 SDGs for reporting purposes. Companies disclose less information about the sustainability impacts of the selected SDG but more information describing the respective SDG/s during early periods of reporting. Narrative information highlights their commitment to the SDGs as a contribution to shaping the future of the world’s sustainable development, particular focus has been given to the goal of climate action. Nevertheless, SDGs reporting needs more research to analyze the reporting patterns over the years and to examine factors that influence commitment and information disclosures. The study contributed to the academic literature on sustainable development goals from the context of the manufacturing sector in Sri Lanka.
Corporate social responsibility and capital structure of listed companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Gunasinghe, W.R.N.S; Wijekoon, W.M.H.N.
Corporate social responsibility plays a significant role in today’s corporate world. It is a way of describing how companies control and measure their impact on the whole of society. Apart from that, the capital structure plays the main role in the business. This means that the capital structure consists of equity capital and debt capital and it describes how companies finance their operations. The prior researchers conducted research on corporate social responsibility and financial performance, corporate governance and corporate social responsibility disclosures. Given this context, there were few researches available on the impact of corporate social responsibility on capital structure particularly in developing countries. Further, there were no studies on sector comparison relating to the impact of corporate social responsibility on the capital structure of listed companies in the Colombo Stock Exchange. Therefore, to fill this gap, this study aims to analyze the impact of corporate social responsibility on the capital structure of industrial and material sector companies listed in the Colombo Stock Exchange in Sri Lanka. Further this study will provide fresh insights by comparing two sectors with regard to corporate social responsibility and capital structure. This research will use an index which consists with economic, social, and environmental activities to measure the CSR disclosures. The debt-to-equity ratio was used to measure the capital structure. This research used industrial and material sector companies as the population and 20 companies were selected from each sector as the sample for the study. Data will be collected from annual reports for the period from 2017 to 2021. E- Views analysis software will be used to analyze the data. Accordingly, the findings of this study will offer a better understanding of corporate social responsibility and the capital structure of listed companies in Sri Lanka.
Impact of board characteristics on bank performance: evidence from commercial banks listed in CSE
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Saliya, S.G.D.T.; Gunasekara, U.L.T.P.
This study aims to determine the Impact of Board Structure on the Performance of Commercial Banks listed on the Colombo Stock Exchange. To get efficient Performance through the best corporate governance the full list of licensed commercial banks listed in CSE was selected as the sample. The data is collected from 2012 to 2021 from the annual reports, audited financial statements, websites & CSE websites. They are all secondary data sources. This study uses the company's performance based on the following financial performance measures: return on assets (ROA) and return on equity (ROE) and board structure consisting of board size, board independence, executive directors, board meetings, gender diversity and advanced education of the board. Bank asset size and bank age were used as the control variables in this study. Many of the studies discovered how board characteristics impact firm performance, but very few studies were done for the banking sector in Sri Lanka. The regression modelling was done for identifying the relationships between board characteristics and bank financial performance. The study's findings suggest that the frequency of board meetings, gender, advanced education and board independence have a positive substantial influence on ROE & ROA. And board size has a negative substantial influence on ROE & ROA. But there is no significant relationship between the size of the board and bank performance. Additionally, the asset size of the bank and the age of the bank have a positive and significant impact on ROA & ROE. This study contributes to the literature on corporate governance and bank performance by providing the framework that affects the relationship between board structure and bank performance in the context of listed commercial banks. The findings of the study are important for policymakers, investors, regulators, and other bankers of the country. Commercial banks would put more attention on the structure and quality of the board to improve their performance
The relationship between public debt and economic growth evidence from Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Kumari, K.W.P.P.; Abeywardhana, D.K.Y.
At present, Sri Lanka is suffering from the disease of economic decline. For that Sri Lankan Central Bank give a massive support to treat for the illness through correct monetary and physical policy to the blood of Sri Lanka. Under supervision of Central Bank monitoring banking sector also give nutrition to the economy. There for this study aim to determine the impact of monetary policy instruments on bank performance in Sri Lanka, and it could be an ideal suggestion to regulators for constructing monetary policy tools that fulfill the Sri Lankan economy's macroeconomic goal as healthy. Various arguments about the relationship between key factors in various countries may be found in the literature study. However, there is a few studies discuss with different monetary tools related this relationship in Sri Lanka. As a result, this study aims to fill a research gap in Sri Lankan monetary policy instruments and bank performance. Hence this study will mainly test the impact of monetary policy Interest Rate (IR) and Statutory Reserve Ratio (SRR) and performance of the banks to achieve this purpose. This research will use the Return on Equity (ROE) and Return on Asset (ROA) to measure the performance of the banks. In this study, descriptive analysis, Pearson correlation analysis, and regression analysis are used to analyze the data there is a strong relationship between monetary policy instruments and commercial bank profitability measures, implying that appropriate monetary and banking policies are important factors in the commercial banking industry's continued stability and profitability. This research has used all the Sri Lankan banks as the population, and 24 commercial banks were selected as the sample for the study. Data will be collected from annual reports for the period from 2016 to 2021. In here assists in making recommendations to the Central Bank, researchers, and financial institutions regarding financial performance and monetary policy rates, and the Central Bank can also focus on the country's macroeconomic situation.
Impact of corporate governance on integrated reporting quality; evidence from listed companies in Colombo stock exchange in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Wimukthi, F.H.C.; Perera, P.R.M.R.
The changing economic and business environment has emphasized the weaknesses of business reporting historical information and financial information. Most investors are currently interested in both financial and non-financial information. As a result, a new business reporting framework named the Integrated Reporting Framework was introduced by the International Integrated Reporting Council (IIRC). This study primarily investigates the impact of corporate governance mechanisms on the integrated reporting quality (IRQ) of the listed companies in Sri Lanka. Adopting integrated reporting practices is not a mandatory requirement in Sri Lanka. However many companies voluntarily adopt to an integrated reporting framework to present and disclose their financial and non-financial information in one comprehensive report. Numerous studies have been done to find the impact of corporate governance on IRQ worldwide. Nevertheless, there is a research gap in the Sri Lankan context. This research uses the IRQ index to measure Integrated Reporting Quality. All the listed companies are considered as the population, and 50 companies were selected as the sample for the study. Data to be collected from annual reports for the period from 2018 to 2021. In this study Pearson correlation analysis, and regression analysis are used to find relationships. Findings will offer a better understanding of the impact of corporate governance mechanisms on integrated reporting quality. Further, the findings will be useful for regulatory bodies to understand the existing level of integrated reporting in Sri Lankan listed companies on the Colombo Stock Exchange, and helpful for developing a common reporting framework. In addition to that, the different other stakeholders, such as present and potential investors, also can use these findings to obtain an understanding of the impact of corporate governance mechanisms on integrated reporting quality.
Non-performing loans & performance of commercial banks in Sri Lanka: comparison between pre & during covid - 19 pandemic
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Silva, M.T.M.; Perera, W.T.N.M.
The size of non-performing loans (NPLs) plays a key role in the stability of the banking sector of a country. The factors that explain the NPLs contain very important information for banks. This study aims to investigate the relationship between Non- Performing Loans & Performance of Commercial Banks in Sri Lanka as well as the impact of the COVID-19 pandemic on them. For this purpose, secondary data from the banking sector will be used. The independent variable is non-performing loans, and the dependent variable is the performance of commercial banks that will be used in the analysis. Statistical tools will be used to test research hypotheses including individual correlation and regression analysis. Relationship analysis will be used to find the relationship between the independent variable and the linear regression analysis between the dependent variable to examine the impact of non-performing loans on financial performance from 2011 to 2021. The expected findings of the research are that non-performing loans significantly influence the financial performance of commercial banks in Sri Lanka with a negative relationship. And also, non-performing loans are increasing because of the COVID pandemic. Thus, this study will be useful for bank management personnel to create ideas to protect banks from crisis and to enhance the performance of banks.
Impact of accounting software on business performance: perspective of accounting professionals in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Pradhanage, P.M.U.N.; Rajapaksha, R.M.D.A.P.
As the global economy became more interconnected, businesses from all over the world were forced to compete on a global scale, giving rise to a new set of accounting challenges. Accounting software adoption becomes a crucial aspect in deciding an organization's survival and success as businesses need more information, whether financial or non-financial, to deal with a larger scale of uncertainties in the competitive market. This study's objective is to assess how accounting software systems affect the success of Sri Lankan companies. Utilizing attributes of the accounting software such as efficiency, reliability, ease of use, data quality, and accuracy, which evaluates the performance of the company. The results of this study help the owners and employees of the company to appreciate the value of using the Accounting Information System (AIS) bought through Accounting Software to achieve performance. 100 employees who are familiar with accounting systems were selected as the study's sample from the population of employees in both private and public organizations in the Gampaha District. A questionnaire was used to gather data for the study from company management and employees. The structured questionnaire is divided into two sections: section A questioned about the respondents' personal information for the study, and section B measured how much respondents agree that accounting methods have an impact on organizational performance. Data will be analyzed using the SPSS program. And it is expected to find that all independent variables exist a significant impact on the accounting systems.
The relationship between specific business characteristics and the disclosure of sustainability reporting. evidence from: listed food, beverage, and tobacco companies in sri lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Kashini, S.A.K.K.; Tilakasiri, K.K.
In today’s dynamic and challenging business environment, most of the business organizations do not provide full information on companies’ overall performance as demanded by various parties. Most stakeholders are currently interested in sustainability development. Business stakeholders now demand better knowledge about how environmental, social, and economic impacts are applied into the business strategies and decisions, while also requiring compliance in reporting on daily operations. Organizations that want to be transparent about their economic, environmental, and social activities, on the other hand, can empower stakeholders, promote effective relations with other markets, and make better investment decisions. As a result, the Global Reporting Initiative (GRI) is producing a credible, reliable and sustainable reporting framework for all types of organization. This study primarily investigates the relationship between specific business characteristics and the disclosure of sustainability reporting of the listed food, beverage and tobacco companies in Sri Lanka. Business characteristics refer the financial and operational activities of a firm, that can influence stakeholders’ decisions. This study mainly focused about four specific business characteristics. They are financial leverage, firm’s current value, firm growth and Fixed assets staleness. Even though adopting sustainability reporting is not a mandatory requirement in Sri Lanka, most of the companies voluntarily adopt sustainability reporting framework to present and disclose environment, social and economic impacts. Nevertheless, there is a research gap based on this in the Sri Lankan context. This research will use the stock price per share (VALUE), firm debt ratio (LEV), firm growth (Grow), fixed assets staleness (AGE) to measure the business characteristics. The population of the research included all the listed food, beverage, and tobacco companies and out of that population 25 companies have been selected as the sample for this study. Data will be collected from the annual reports for the period from 2017 to 2021. The study applied, descriptive statistics which describe the mode, median and standard deviation, Correlation coefficient analysis, Regression analysis, ANOVA and R Square techniques to analyze the data. According to the findings, the study will offer a better understanding of the relationship between firm specific business characteristics and the sustainability reporting disclosure, and it will be helpful for different stakeholders, such as present and potential investors, government authorities and practitioners.
Internal factors affecting the profitability of public sector banks in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Nawarathna, R.G.N.M.; Aruppala, W.D.N.
A country's population can benefit from superior financial services depending on the development of its banking system. The purpose of this study is to determine the extent to which internal bank factors in Sri Lanka's public sector banks have an impact on their profitability. Operating cost efficiency, bank size, and liquidity are evaluated as internal bank characteristics, and return on assets (ROA) is taken into account as a measure of profitability in this study. For the ten-year period from 2012 to 2021, panel data was gathered from the financial statements of seven public sector banks in Sri Lanka that were published on the government information center (GIC). The variables were calculated using the correlation method, which was then utilized to run the regression model. The Eviews software package will be used to evaluate the study. The empirical findings revealed a negative relationship between liquidity and operating cost effectiveness and public sector banks’ profitability in Sri Lanka. The estimation result demonstrates that bank size and capital have a considerable, favorable impact on bank profitability. The findings imply that more policies should be implemented by the government to encourage public sector banks to increase their capital bases. As a result, the banks will be protected in the event of a financial disaster that affects the entire nation. Banks must make investments in effective technologies that will improve their control over operating costs. In order to increase their competitiveness in the market, public sector banks need to expand their efforts in the area of income diversification.
Impact of the advancement of accounting software on the accounting practices: a qualitative study
(Aasik I.M.; Gunasekara U.L.T.P. (2022), Impact of the advancement of accounting software on the accounting practices: a qualitative study, 8th International Conference Accounting Researchers & Educators (ICARE 2022), Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka. 86., 2022) Aasik, I.M.; Gunasekara, U.L.T.P.
This study is to investigate and explore the impact of the advancement of accounting software on the accounting practices of Sri Lankan firms. The goal of this study is to demonstrate the evaluation of accounting software and obtain an understanding of the importance of using an Accounting Information System (AIS) derived from Accounting Software (AS) to achieve performance. Several characteristics such as efficiency, reliability, ease of use, data quality and accuracy influenced the use of Accounting Information Systems, thereby affecting the performance of firms. The result of this study shows that these Accounting Information System characteristics possessed by accounting information such as efficiency, reliability, ease of use, data quality and accuracy have significant effects on the use of AIS and a firm’s performance. Previous research has shown that it is crucial for firms to use Accounting Information Systems to ensure the survival and sustainability of business in the increasingly competitive environment besides enhancing their business operations competency and efficiency. This study is one of few that could shed light on how the evaluation of accounting software affects the performance of firms. This study proposes the dimensions of using an Accounting Information System that is important for improving the performance of business organizations.
The skills, practical knowledge, academic, and professional qualification for forensic accountants in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Sandamini, S.D.N.; Sujeewa, G.M.M.
Employers in the modern world have a high demand for forensic accountants. However, job holders are unable to meet these standards since they lack the necessary credentials in the field of forensic accounting. This study mainly focused on skills, practical experience, academic qualifications, and professional qualifications to be a forensic accountant in Sri Lanka. This research gathered primary data from 40 Professional accountants in public practice and business practice in Sri Lanka. The majority of professional accountants have accounting, finance, and forensic accounting-related degrees, and completed forensic accounting-related courses and diplomas given by reputable institutions like CA, ACCA, and CIMA. Multidisciplinary skills and more than five years of practical knowledge and experience must be a forensic accountant according to the analysis. According to the findings of this study, job candidates should have accounting, finance, or forensic accounting-related degrees and professional qualification related to the forensic accounting field, multidisciplinary skills, and more than five years of experience in the general accounting field.
The impact of cash conversion cycle on firms’ profitability: a study of food, beverage and tobacco companies listed in CSE
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Imanjalee, I.H.; Gunasekara, U.L.T.P.
One of the most popular metrics for assessing and measuring the risks and returns related to liquidity management is the cash conversion cycle (CCC). Every business organization must keep an eye on the elements affecting profitability because they are all highly concerned with how to maintain and increase profitability. The objective of this study is to empirically find the effect of the cash conversion cycle on the corporate profitability of the Food beverage & Tobacco companies listed in CSE. The profitability was measured in terms of Return on Equity (ROE) and Return on Assets (ROA). The CCC was determined by the Inventory Conversion Period (ICP), Debtor Conversion Period (DCP), and Payable Conversion Period (PCP). Analyzing a sample of 20 randomly drawn companies listed in Colombo Stock Exchange (CSE) in Food beverage & Tobacco companies over ten years from 2012 to 2021. This research is using secondary data. Data are gathered from the published annual report of the companies on CSE website. The influence and association between CCC and profitability were estimated in this study using statistical methods of regression and correlation.
Influence of monetary policy on bank performance in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Divanjana, J.D.N.; Abeywardhana, D.K.Y.
At present, Sri Lanka is suffering from the disease of economic decline. For that Sri Lankan Central Bank give a massive support to treat for the illness through correct monetary and physical policy to the blood of Sri Lanka. Under supervision of Central Bank monitoring banking sector also give nutrition to the economy. There for this study aim to determine the impact of monetary policy instruments on bank performance in Sri Lanka, and it could be an ideal suggestion to regulators for constructing monetary policy tools that fulfill the Sri Lankan economy's macroeconomic goal as healthy. Various arguments about the relationship between key factors in various countries may be found in the literature study. However, there is a few studies discuss with different monetary tools related this relationship in Sri Lanka. As a result, this study aims to fill a research gap in Sri Lankan monetary policy instruments and bank performance. Hence this study will mainly test the impact of monetary policy Interest Rate (IR) and Statutory Reserve Ratio (SRR) and performance of the banks to achieve this purpose. This research will use the Return on Equity (ROE) and Return on Asset (ROA) to measure the performance of the banks. In this study, descriptive analysis, Pearson correlation analysis, and regression analysis are used to analyze the data there is a strong relationship between monetary policy instruments and commercial bank profitability measures, implying that appropriate monetary and banking policies are important factors in the commercial banking industry's continued stability and profitability. This research has used all the Sri Lankan banks as the population, and 24 commercial banks were selected as the sample for the study. Data will be collected from annual reports for the period from 2016 to 2021. In here assists in making recommendations to the Central Bank, researchers, and financial institutions regarding financial performance and monetary policy rates, and the Central Bank can also focus on the country's macroeconomic situation.
The impact of sustainability reporting practices on earnings management in listed companies in sri lanka: pre and during the covid-19 situation
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Sandakelum, E.A.I.; Tilakasiri, K.K.
The main objective of this study was to evaluate the impact of sustainability reporting practices on the earnings management of companies that are listed on the Colombo Stock Exchange (CSE), under the best sustainability ratings 2021. The sample of this study was 45 listed non-financial companies in Sri Lanka that reported sustainability reported practices disclosure information for six years during 2016-2021. The independent variable was sustainability reporting practi, which consists of economic indicators, environmental indicators, and social indicators. These variables are measured by the disclosure index of sustainability reporting guidelines. The dependent variable is earning management that was measured by discretionary accruals (Modified Jones Model). Qualitative descriptive panel data analyses were used to analyze the information contained in the reports to recognize the impact of sustainability reporting practice on earning management. Research results suggest that there is a negative significant relationship between sustainability reporting practice and earning management on pre and during the Covid-19 period. There are no comprehensive changes between the impact of sustainability reporting practices and earning management on pre and during the Covid-19 situation.
The effect of social and intellectual capital on frauds: evidence from listed companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Chathuranga, M. P. S.; Kaushalya, M. D. P.
This study aims to assess the relationship between intellectual and social capital and financial statement fraud of Sri Lankan. In other words, this paper seeks to answer the question of “whether the intellectual and social capital can contribute favorably to fraud in financial statements or not. For the study, the multivariate regression model is used for hypothesis testing. Research hypotheses have been examined using a sample of 50 listed firms on the Colombo Stock Exchange during 2017–2021, using the panel data technique-based multivariate regression pattern and fixed-effect model. This study provides helpful information for the users, analysts and legal institutions about intellectual capital and social capital that contributes significantly to the fraud of business units. Moreover, the study results help the development of science and knowledge in this field and fill the existing gap in the literature.
Carbon disclosures and firm performance: evidence from Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Nawarathna, N.K.S.; Wijekoon, W.M.H.N.
Green House Gas emissions (GHG) have become one of the primary threats to life on earth. Companies are among the largest emitters of greenhouse gases, making them crucial to the fight against climate change. Therefore, companies are expected to play an increasingly important role in reducing their greenhouse gas emissions and stabilizing climate change. Businesses are required to disclose a greater amount of information about their climate change strategies and plans. The importance of carbon disclosure has grown dramatically in recent years, becoming a strategic decision making issue for organizations today. Most of the prior researchers conducted research on carbon disclosures and firm performance in the context of developed economies. However, there is limited research available from developing country context particularly. Hence, this study is aims to examine the relationship between Carbon disclosures and firm performance in the Energy and Material sector companies in Sri Lanka. Five independent variables used in the research are: GHG emissions accounting (Carbon footprint), climate change, energy consumption accounting, GHG reduction and carbon emission accountability. Return on asset (ROA) ratio has been used to measure financial performance. Sample of the study consist with all companies listed in the Energy & Material sector of the Colombo Stock Exchange (CSE) in Sri Lanka. Data will be collected from annual reports of listed companies in the Energy and Material sector for the period from 2017 to 2021. Data analysis will be performed using Eviews 10 software. The correlation analysis and regression will be used to examine the relationship and to determine the effect of the independent variables on the dependent variable. Finding of the research will help to the companies to understand the benefit of carbon disclosure and the importance of carbon disclosure. Additionally, these disclosures help to stakeholders such as shareholders and creditors to make better investment decisions for a particular company.
Implications of accounting outsourcing decision: evidence from SMES in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Udara, J.D.N.; Tilakasiri, K.K.
Decision of outsourcing is a make or buy decision that an organization decides to purchase previously they have made or a service that was performed in house. When studying about the accounting outsourcing practice it can be identified that there is a huge trend among small and medium enterprises (SMEs) to outsource their accounting function across the world. However, different countries reveal different reasons for the decision of accounting outsourcing. Further, the decision of accounting outsourcing can impact on the organization in different ways either in positive ways or negative ways. Accordingly, there is an empirical gap that can be identified relating to the developing countries. Moreover, as there are no studies which focus on the non-financial implications arising with the decision of accounting outsourcing, this study would help to fulfill the knowledge gap as well. Accordingly, the researcher followed a mixed research design and collected both qualitative and quantitative data for the analysis. Further, it selected a sample of 100 as the sample size through simple random sampling technique and a structured questionnaire was sent to the owners/ managers of manufacturing SMEs. Collected data is analyzed through correlation, analysis, regression analysis and thematic analysis. Accordingly, cost reduction, focus on core business, access to expertise and productivity improvement are considered as the factors that influence accounting outsourcing decisions. Further, it revealed that factors influence on accounting outsourcing have a positive relationship and positive impact towards accounting outsourcing decisions. Moreover, sharing confidential information with a third party, less contribution towards the SME and allocation of extra time and effort by the management were the major non- financial implications of occurring due to accounting outsourcing.
The impact of financial management practices on the performance of small and medium enterprises in Nuwara-eliya district
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Dinesh, Kumar T.; Perera., K.H.
Small and medium-sized enterprises (SMEs) have contributed to GDP growth by embarking on innovations and boosting other economic activity. The number of Small and Medium-sized Enterprises (SMEs) in Sri Lanka is steadily increasing. This growth can also be witnessed in the Nuwara-Eliya District. Financial management practices play an important role and has a large area in every activity of Small and Mediumsized Enterprises. In the context of Sri Lanka, especially in the case of Nuwara-Eliya district, there is a lack of investigation on the financial management practices and SMEs performance. Nuwara-Eliya district’s economy mainly depends on agriculture and the SMEs. But their performances are not much effective due to many reasons. Therefore, this research was conducted to analyze whether there is an impact of financial management practices on the performance of small and medium enterprises. A sample of 100 SMEs was selected for this study. Five-point Likert scale was used to measure the variables and the scale consisted of five boxes ranging from strongly disagree to strongly agree. The Multiple regression models has been used to test the impact of financial management practices on performance of SMEs in Nuwara-Eliya district. The independent sample t test was used to identify differentiation.