Kelaniya Journal of Management
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Item Audit Quality and Earnings Management: Evidence from Sri Lanka: Food & Beverage and Hotel Sectors(Faculty of Commerce and Management Studies, University of Kelaniya., 2024) Randenigala, C.J.; Wijesinghe, M.R.P.The company's earnings are crucial for investors' decision-making since they provide emblems about value-creating ability. However, with the possibility of manipulating earnings, the whole purpose of financial reporting becomes valueless. External independent auditing can be identified as a control mechanism that minimises earnings management. This study examines the impact of audit quality on earnings management in the food and beverage sector and hotel companies in the Colombo Stock Exchange from 2013 to 2019. The real earnings management approach and total accruals are used to measure the earnings quality, while audit firm size, presence of the audit committee, frequency of the audit committee meetings and audit timeliness are the audit quality proxies. The study used regression analysis as the main analysis tool, and the findings reveal the existence of earnings management in the food and beverage and hotel sectors. Fascinatingly, audit quality does not significantly impact earnings management in the food and beverage sector, while it exists in the hotel sector. Moreover, companies' size and leverage significantly impact earnings management in both sectors. These findings suggest that effective regulation and monitoring are necessary to improve audit quality for both sectors, especially in the hotel sector companies in Sri Lanka. Hence, enhancing audit quality would minimise earnings management and improve earnings quality, which is instrumental to the decision-makers, especially investors and creditors. Henceforth, we suggest improving the audit quality in the food and beverage and hotel sectors and enhancing disclosure requirements such as research and development expenses, audit time, and non-audit services.Item An Analysis of the Obstructive Factors that Impact the Empowerment of Women Entrepreneurs in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya., 2024) Amarasooriya, D. N. P.; Premarathna, S. P.; Rajadurei, S.The sector of small and medium enterprises is considered an encouraging platform for the economic empowerment of women through participating in economic development as entrepreneurs. The lower productivity exhibited by these SMEs in Sri Lanka was identified as a result of the high participation rate of female entrepreneurs in the informal economy. An unfavourable environment has been created obstructing the transition of women entrepreneurs towards the upper echelon of the business world through diverse impediments. Thus, the research focused on exploring the barriers that hinder the business growth of women entrepreneurs in small and medium-scale enterprises. Accordingly, the research was conducted as secondary research: a literature survey. In Sri Lanka, a minor percentage of female participation in small and medium enterprises occurs due to limited access to financial resources, lack of financial literacy, social prejudices, social and cultural restrictions, and limited opportunities for networking and communicating with external resources. Thus, closing the gender gap in education, giving access to capital through a concerted policy action and providing women entrepreneurs with opportunities to improve their financial literacy and educational level were highlighted as the major recommendations in the study to empower women entrepreneurs to climb the value chain. Women entrepreneurs in small and medium-scale enterprises need to be facilitated with greater access to the domestic, regional and international markets in order to enable them to expand their businesses with productivity and innovation. Thus, vital policy measures should be taken to mitigate the barriers involved in formalizing the business mechanisms while focusing on increasing the benefits that women entrepreneurs can gain through that standardizing process.Item The Influence of Customer Perceived Risk on Online Purchasing Intention: with reference to Fast fashion Retail industry in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya., 2023) Lakchan, U. G. C.; Samaraweera, G. C.Consumers' lifestyles and behavioral habits have altered substantially since the advent of digital marketing platforms, which has a big influence on consumption. More significantly, despite the fact that internet buying has many benefits, some consumers are a little more skeptical about it. According to the literature, there are several restrictions that affect consumers' purchasing intentions for online consumption of retail fashions and a nation like Sri Lanka is not particularly strong for online transactions or online shopping. This study is primarily based on online consumers’ behavioral shopping intentions. The independent variable, customer perceived risk is comprised with Financial Risk, Product Risk, Information Security Risk, Time Risk, Psychological Risk and delivery Risk. This study uses the positivistic research paradigm and deductive approach. Accordingly, purposive sampling technique was used by delivering the 400 questionnaires to internet users in Colombo district. Accordingly, data were analyzed using SPSS software after removing outliers. To evaluate the data, the study employed descriptive statistics, correlation analysis, and regression analysis. According to the findings, Time risk was found to be not significant for purchasing online. Delivery Risk and Information security risk were the top-ranked determining variables among the major elements. Consequently, by reducing their perceived risk, this research assists in educating all dealers on how to draw clients to their online platform.Item Impact of Quality of Work-life on Employee Productivity in Divisional Secretariats of The North-Western Province of Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya., 2022) Ekanayake, E. M. P. P.; Wanigasekara, W. A. D. K. J.Public sector organizations in Sri Lanka are running through public funds, and it is vital to use those funds in an impactive manner. To measure whether public organizations are running effectively, productivity is an important concept to study. Previous scholars have analyzed and identified an ideaof work-life quality related to employee productivity. The majority of early researchers found a relationship between quality of work-life and employee productivity, but they do not focus on measuringthe impact of quality of work-life on employee productivity. This study fills the said gap by investigating the effects of quality of work-life on employee productivity. Employee productivity was measured using ACHIEVE model, and quality of work-life was measured using the Walton model. In the Walton model, there are eight quality indicators of work-life working conditions, social integration, adequate and fair compensation, occupied space by work in life, use of capacities at work, social relevance, opportunities at work, and constitutionalism. The population of this study was all employees working in divisional secretariat offices in Northwestern province; thesample size was 375 and useda random sampling technique. This research was a basic type of explanatory research, and primary data was used. Data were collected from employees covering all sections of divisional secretariats in the northwestern province. The result of this study indicated that there is a positive relationship between quality of work-life and employee productivity. At the same time, quality of work-life has a significant impact on employee productivity. Of eight indicators of quality of work-life, only four have influenced employee productivity. They are social integration, constitutionalism, social relevance, and occupied space by work. Concern about providing formal and informal integration among employees, freedom of expression, fair treatment,, and focus on social responsibility in divisional secretariat offices are vital aspects of employee productivity.