Students’ Research Symposium - Department of Finance (SRS-DFIN)
Permanent URI for this communityhttp://repository.kln.ac.lk/handle/123456789/12119
Browse
6 results
Search Results
Item Current Practices of Capital Budgeting Techniques in Sri Lankan Companies: Empirical Evidence from Colombo Stock Exchange(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Thilakarathne, M.D.H.N.Capital Budgeting (CB) is a relatively established theory in investment realm and the association of CB and the firm’s performance is addressed by several researchers over the past few decades. Firms using sophisticated capital budgeting techniques (CBTs) should theoretically perform better than firms using naive models such as the payback period or accounting rate of return. In the Sri Lankan context, it is hardly found evidence in CB. Therefore, the research is designed to tackle the above “puzzling relationship” relates to Sri Lankan companies. Descriptive analysis was the research method which was used to investigate the research problem. The principal data collection techniques were questionnaire survey. Fifty (50) companies engage in commercial perspectives were selected among public listed companies. Subsequently, an investigation about the current practices of CBTs in Sri Lankan companies is addressed through the research.Item Impact of Working Capital Management Policies on Firm Value(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Risla, M.R.F.This research study investigated the impact of working capital management policies on firm value in Sri Lankan companies. Data were gathered from a sample of 24 companies listed in Colombo Stock Exchange. It covers the manufacturing sector from period of 2010 to 2014. Aggressive working capital management policy (AWCMP), Conservative working capital management policy (CWCMP), Moderate working capital management policy (MWCMP), investing policy (IP) and Financing policy (FP) were used as independent variables. Firm value is measured in terms market value addition (MVA) and was employed as dependent variable in the study. The multiple regression analysis was used. The results indicate that there is a statistically significant positive relationship between conservative working capital management policy, aggressive working capital management policy, moderate working capital management policy and market value addition of the firm. It further explains the firms that follow aggressive working capital management policy yields higher market value additions than the firms with other two types of policies. Similarly it indicates that there is a significant negative relationship between market value additions and investing policy and financing policy. Accordingly the results conclude that the firms following aggressive, conservative and moderate working capital management policies improved the market value additions of the firms in Sri Lanka.Item Factors Influencing Investment Decisions in Stock Market: A Study of Individual Investors in Colombo Stock Exchange(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Udeepa, K.G.This study attempts to determine the main factors influencing investment decisions of investors and how these factors are related to the investors’ demographic characteristics in the Colombo stock Market. The study covers individual investors using convenient sampling method to obtain information from 162 respondents through a modified questionnaire developed by Al-Tamimi (2005). Independent sample t-test and Analysis of variance (ANOVA) were employed. The results indicate that the five most influencing factors on investment decisions of investors in Sri Lanka are past performance of the company’s stock, expected corporate earnings, dividend policy, get-rich-quick, marketability of the company. Also, the five least influencing factors include religious reasons, rumors, loyalty to the company’s products; government has a share in the company, and insiders’ information. The study finds that the demographic characteristics of investors (age, gender, marital status, income per month and educational qualifications) statistically and significantly influenced the investment decisions of investors in Sri Lanka.Item The study of the Effect of Financial Development on Income Inequality in Sri Lanka(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Wijesundara, W.M.S.S.B.Income inequality is an important economic issue faced by most of the developed and developing countries. Many attempts have been made to identify a link between economic growth and income inequality in Sri Lanka. But there is a lack of literature available to identify a link between financial development and income inequality in Sri Lanka. This paper basically investigates the effect of financial development on income inequality in Sri Lanka with a new framework. This study attempts to analyze the factors responsible for income inequality in Sri Lanka. In this study the Broad money to GDP and Domestic credit to the private sector by banks as a share of GDP are used to measure the direct impact of Financial Development and also used Inflation and Government expenditure as other variables which affect income inequality. This research presents the empirical evidences of Effect of Financial Development on Income Inequality in Sri Lanka for the period of 1980-2012. The test results also confirmed that there is a linear relationship between financial development and Income inequality. And also this paper emphasized that there is a positive relationship between Government expenditure and Income inequality.Item Customer Perception and Awareness towards Mobile Money: The Study Based On Colombo and Gampaha Districts(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Weerabangsa, K.K.M.D.This research study has mainly focused on customer perception and awareness towards mobile money service in Sri Lanka. It has used a structured questionnaire which has been distributed within Colombo and Gampaha districts among mobile phone users. According to the findings of the research most of the m-money users in Western Province are facilitated with the fund transferring service. Awareness of the customers in Western province is at a satisfactory level in considering the results obtained from the questionnaires. As well it was identified m-money customers has faced many problems mainly with the m-money agents, limitation in the amount approved for transferring, lack of cash points in every village. Some respondents has stated that they have not engaged with m-money service due to lack of trust, and understanding. As per the respondents the trust on this service has in a lower level due to the unavailability of proper legal framework for m-money service in Sri Lanka. This has caused for arising illegal activities like mainly the money laundering. Based on this situation it has recommended for future researchers to pay their attention on the risks associated with m-money service in Sri Lanka which can be useful for considering in establishing a proper legal framework to m-money service.Item Employee Perception towards Bank Merge in Sri Lanka(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Chathuranga, B.H.D.Bank merger is a new restructuring concept to the banking industry in Sri Lanka. Central Bank of Sri Lanka introduces Master plan on consolidation in 2014 to the banking industry in order to achieve goals in 2016. This study was done to gather employee perceptions regarding the bank merge in Sri Lanka. To collect data on performing this research it was selected 150 bank employees from the Colombo district as a sample and a structured questionnaire was developed to gather employee perceptions on the current organization, whether bank can get benefit from the mergers and the satisfaction level, if there is a merge in present organization. As per findings majority of the employees are very happy to spend their career with present organization. And they stated that the organization deserves their loyalty. Majority of employees think that bank can gain benefits from the merge due to market leadership, growth and diversification. The other employees think bank cannot gain benefits due to the Cultural Mismatch and the lower Competition. If the merge is with an underperforming bank, probably the bank has to bare the losses of the merged bank while bearing own expenses and other losses of the company itself. This may lead to Operational issues and Cutting down of employee promotion opportunities. Even though majority of employees think bank can gain benefits through a merger, majority dissatisfied if there would be a merge in current organization. It is evidenced with the reasons concluded that the cultural differences and job loss due to mergers are negatively affected to employees. These reasons paved the way for recommending policy makers to conduct training programs and increase confidence level of employees about job security to overcome negative perception about bank merge.