Commerce and Management

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Integrated thinking on integrated reporting practice: evidence from public listed companies in Sri Lanka
(Emerald Publishing Limited, 2024) Abeywardana, N.L.E.; Ferdous Azam, S. M.; Kevin Low, L.T.
Purpose This study aims to offer empirical evidence on how integrated thinking affects the integrated reporting (IR) practice and how integrated thinking originates from board and management involvement, cross-functional integration and integral link between capitals and strategies. Design/methodology/approach This study is cross-sectional and uses a mixed-method approach. The empirical data for the quantitative approach were collected from the 129 public companies listed on Colombo Stock Exchange in Sri Lanka. The personale responsible for preparing the annual report are selected as the respondents of this study. This study used partial least square modelling to test the hypotheses. The quantitative approach results are triangulated across a qualitative research approach in semi-structural interviews with ten responsible officers of integrated reporting practices. Findings The central finding of this study is the significant positive relationship between integrated thinking and integrated reporting practice. The qualitative results supported the quantitative findings and show that board and management involvement, cross-functional integration and integral link between capital and strategy enhance the integrated reporting practice. Top management and board management have positive beliefs about the integrated reporting practice; they initiate, encourage, influence, involve and support it. Furthermore, all company departments are involved with the integrated reporting led by the finance department and practice good coordination, communication and collaboration between departments. Moreover, it also evidenced their concern about the linkage between capital and strategy and how they do it in their organisation when practising integrated reporting. Research limitations/implications The firms which intend to practice or enhance integrated reporting will be benefited from this study. Hence, this research assists in constructing IT through the direct role of the board and senior leadership, breaking down silos to diffuse IR throughout structures and processes, and concentrating on strategies while managing their capitals and relationships over the long term. Originality/value This study provides the initial quantitative empirical evidence on the impact of integrated thinking on integrated reporting practice. To the best of the authors’ knowledge, this study is the first to operationalise both integrated thinking and integrated reporting based on a questionnaire that developed and tested both constructs as higher-order reflective formative and on the relationship between integrated thinking and integrated reporting. The mixed-method approach to examine the relationship between integrated thinking and integrated reporting provides additional insights into the existing literature.
Determinants of the Financial Inclusion in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Silva, A.K.C.; Abeywardana, N.L.E.
The financial system of a country reflects an important role to fulfill the needs of the people by offering savings, credits, payments and risk managements products. Inclusive financial systems are removing barriers and giving the opportunity to enter a broad access to financial services especially to poor and vulnerable communities. Due to the importance of the inclusive finance, financial inclusion emerged as a priority for poverty alleviation. Sri Lanka is in the process of development and to achieve development goals as a country; the majority should benefit from the outcomes of the economy. However, since the majority is living in rural areas, most of the disadvantaged communities are suffering from various problems when it comes to accessibility of a quality life. The level of financial inclusion is different from one country to another. Moreover, the empirical studies found that the age of individuals, literacy level, and distance to financial institutions, documentation, and trust in formal financial institutions, gender, insurance, dependents and income level of the individuals are factors which can influence the Financial Inclusion. Hence, to fill this research gap, the study tests the determinants of the financial inclusion of the rural farmers in Sri Lanka. To attempt to address this research problem, two objectives were formulated; to quantify financial inclusion and to identify the determinants of financial inclusion. The aim of this study seeks to contribute to the literature on the determinants of Financial Inclusion in Sri Lanka. This will become an eye-opener for the relevant public and private organizations to coordinate and prepare a strategic plan to spearhead the campaign for financial inclusion for rural farmers and suggest policy and operational measures for their financial stability.
The Battle against the World of Piracy: A Case Review of ABC Entertainment
(Staff Development Unit, Faculty of Commerce & Management Studies, University of Kelaniya, 2015) Abeywardana, N.L.E.; Jayarathne, L.C.H.; Jeewandarage, P.M.; Lasantha, S.A.R.; Dissanayake, D.M.N.S.W.; Jayarathne, B.C.P.; Hettiarachchi, H.A.H.; Anuranga, B.K.H.D.
In general, gaining of competitive advantage is the main objective of a company’s survival. In the pursuit of achieving this companies explicitly or implicitly adhere to many strategies and many external factors which beyond the company’s control affect this process. Thus is it inevitably complex and only keen companies survive? Provided that, in this review note we bring a contemporary case into discussion. ABC entertainment was one of the finest companies established in Sri Lanka and their core business was selling artistic content in different forms; ringtones, compact discs, etc. Their main revenue generator relied upon the ringtones supplied to mobile operators such as Mobitel, Dialog, Etisalat, Hutch and etc. Back then, Mobitel operated as the industry leader of telecommunication and subsequently companies entered to a price war with the emergence of companies like Airtel in 2009. All the companies faced severe reductions in revenue and found tough to operate. As means of survival and retaining competitive positions companies’ implemented strategies such as adding value added services such as internet and data. The review proceeds discussing problems raised in the revenue models of the companies providing facts in relation to telecommunication industry in Sri Lanka, management structure and etc. Finally the review suggests strategies as means of survival.

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