Volume 2- Issue 2- 2022

Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/29483

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Financial Literacy and Investment Decisions: Evidence from Pakistan
(Department of Finance, University of Kelaniya., 2022) Hussain, A.; Kijkasiwat, P.; Ur Rehman, H. K.; Ullah, M. Z.
Purpose: This study investigates the key factors associated with financial literacy and examines the effect of financial literacy on investment decisions in Pakistan. Design/Methodology/Approach: The 504 samples were collected via a self-administered questionnaire. The study adopts both OLS and logistic regression techniques to analyze the data. Findings: The findings show that the significant factors which increase financial literacy are father education, father income and marital status. However, guardian occupation decreases financial literacy level. Additionally, the results show that financial literacy can enhance investment decisions. Originality/Value: This study is important to policymakers who can consider these statistically significant factors in efforts to enhance financial literacy as well as investment decisions in Pakistan.
Investment Behavior among Accounting / Finance Professionals in Sri Lanka
(Department of Finance, University of Kelaniya., 2022) Alles, L.; Lokeshwara, A.; Liyanage, D. L. N. Y.; Edirisinghe, C. M.; Siriwardhana, P. K. K. H.
Purpose: Investigating investment behavior of rational investors is crucial, as it helps to determine the performance of financial markets and will be more valuable to policymakers and financial providers. This study examines the investment behavior among finance/accounting professionals in Sri Lanka, considering the aspects of socio-economic and demographic factors, financial risk tolerance, concerns, and motives. Methodology: The study was conducted with 150 chartered accountants who are currently residing within Sri Lanka, selected from the “Institute of Chartered Accountants of Sri Lanka” by using simple random sampling. Data was gathered through a questionnaire. The initial data analysis was done through frequencies and Pearson’s correlation, while Ordered Logit Regression was used for further understanding the results and to test the likelihood of outcomes. Findings: Concerns, motives, and financial risk tolerance levels depicted a positive and significant relationship with the investment behavior, whereas demographics and socioeconomic factors show a negative correlation. Originality: The current study focuses on financial professionals who are highly financially literate, and how their investment behavior is influenced, as there were only a few attempts that have been made to address topics relevant to the current study within Sri Lanka considering different respondent samples. However, there were no research studies found out analysing on investment behavior of finance/accounting professionals who can be more rational when taking their investment decisions than normal household individuals. Therefore, this study provides an in-depth analysis addressing these gaps.
Tax Implication on Recurrent Expenditure and Internally Generated Revenue: Analysis on Southwestern States, Nigeria
(Department of Finance, University of Kelaniya., 2022) Adegbite, T. A.; Ishola, S.
Purpose: This study examined internally generated revenue impact on recurrent expenditure performance in Southwest Nigeria. Internally generated revenue was captured with the aggregation of personal income tax, road tax and direct assessment tax while recurrent expenditure performance was proxied with expenditures expended on recurrent expenditure. Design/Methodology/Approach: Data realized from published annual bulletins of all the States’ Board of Internal Revenue and Statistical Year-Book in Southwestern Nigeria were analyzed using Panel data analysis. Findings: Panel data outcomes showed that personal income tax has a positive but insignificant effect on recurrent expenditure, but the direct assessment has a positive and significant effect on recurrent expenditure. Also, road tax was found to exert a positive but insignificant effect on recurrent expenditure in Southwest, Nigeria. Conclusively, it was established that there was a statistically significant effect of internally generated revenue on recurrent expenditure in Southwestern states, Nigeria. Originality: Having reviewed extant literature, it has been discovered that the existing literature was either restricted to one state or local government in a single state. Also, the methodology employed by the extant literature collecting and analyzing the data were primary data and regressions respectively. Therefore, this study extended its projection to all six southwestern states in Nigeria for effective determination of the impact of IGR on recurrent expenditure. Also, this study involved all components of panel data analysis to deep out the effect of IGR on recurrent expenditure which jointly ignited research gaps in the study as against the extant literature.
The Dilemma of Information Overload: A Review of Literature from Accounting and Finance Related Studies
(Department of Finance, University of Kelaniya., 2022) Regina, A. L. V.; Munasinghe, M. A. T. K.
Purpose: Advancements in information and communication technologies enable the production of a mass amount of data and information. Do more information support quality decision-making? It is a dilemma. The purpose of this study is to address the findings related to information overload and discover potential research gaps. Design/Methodology/Approach: This paper aims to analyze the nature and trends of literature on information overload in the field of accounting and finance from 2017 to 2021 by adopting a systematic literature review approach. As a result of bibliometric analysis from the selected peer-reviewed journals, this paper shed light on 83 research papers for the review process. Findings: The current study finds an increasing trend of studies focusing on information overload issues in corporate reporting. Results portray that since corporate reports are the critical communication bridge between entities and their stakeholders, disseminating unclouded, coherent and transparent information through the reports is very important to facilitate users and decision-makers. Stakeholder perception studies on content, length, and readability of financial and non-financial information disclosures in the annual reports are suggested for future research endeavors. Originality: This study originates the point where the causes of information overload literally become a burden for effective decision-making. Thus, the finding of this study will be useful for both preparers and users of information in managing both financial and noninformation and help future researchers to spot gaps for upcoming research.
The Effect of Household Debt on the Stability of the Banking System in Vietnam
(Department of Finance, University of Kelaniya., 2022) Thuong, D. T. H.; Minh, P. T. T.
Purpose: The aim of the study is to examine the impact of household debt on the banking system stability in Vietnam and proposes the policy implications to minimize the impact of household debt on the banking system. Methods: The study uses the method of autoregression (Vector Autoregression) with microlevel and macro-level data from 20 commercial banks to examine the issue. Findings: This study assesses the impact of household debt on the banking system in Vietnam and proposes some policy implications to promote positive effects and limit the negative impacts of household debt on the stability of the banking system in Vietnam. Implications: Policymakers need to perfect the policy framework to reduce the risks of the Vietnamese banking system from excessive household debt. Originality: This study is the first attempt in the Vietnamese context to examine the impact of family household debt on the Vietnamese banking system.