Commerce and Management

Now showing 1 - 4 of 4

Enterprise Resource Planning Systems, Intellectual Capital, and Business Performance: A Study of Listed Companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, 2021) Herath, M.N.; Perera, P.
With the proliferation of technology, the success of modern firms highly depends upon the new technologies that facilitate new commercial opportunities and improve business processes. Therefore, it is vital to investigate how Enterprise Resource Planning (ERP) systems improve business performances and the relationship between ERP systems with the firm's intellectual capital and business performance. The primary aim of this paper is to explore the relationship between ERP systems, intellectual capital, and business performance. The study was conducted in the form of a survey, with data being gathered via a standard questionnaire. According to the market capitalization of Colombo Stock Exchange (CSE), the companies in the top five sectors were selected as the sample. Data were analyzed by using the SPSS statistical software. A descriptive analysis was performed to describe demographical variables, followed by finding correlation coefficients to assess the relationship between each of the three variables of the research to support the developed hypotheses of the study. The results revealed that ERP systems have a positive relationship with components of intellectual capital and business performance. The findings of this study provide valuable insights for business institutions to decide the implementation of ERP systems and which component of intellectual capital has a significant impact on improving business performance. Since this provides valuable findings, more research on this area needs to be encouraged.
The month of the year effect: empirical evidence from Colombo stock exchange
(2013) Thushara, S.C.; Perera, P.
Many researchers have tested whether the seasonal anomalies are present in the stock markets. Those studies have been carried out in the stock markets both in the developed and developing economies. Existence of seasonal anomalies let the investors to earn abnormal returns by trading on past information. Most common seasonal anomalies are day of the week effect, month of the year effect, holiday effect, Monday effect and Friday effect. Although information technology and regulatory mechanisms are much stronger than ever, there are strong evidences to support that seasonal anomalies exist in stock exchanges both in developing and developed countries. Furthermore, Colombo Stock Exchange has been named recently as one of the stock exchanges with higher returns in the world. Thus, it is of paramount importance identify how those returns are made of. Abnormal returns gained from anomalies cannot be justified from a risk-return standpoint. Yet it remains as an important element of stock returns. This study attempts to examine whether the month of the year effect and January effect are present in the Colombo Stock Exchange based on data from January 2000 to December 2011. For the purpose of analysis, non linear GARCH t model is employed along with other techniques due to its strong capability to detect such anomalies. Results provide evidence to support the claim that both the month of year effect and January effect exist in the Colombo Stock Exchange despite its use of modern information technology infrastructure and regulatory developments.
Income recognition of a loan with increasing rentals (Stepping up Loans): A case study on a selected Sri Lankan company
(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Kawshalya, P.; Perera, P.
In consequence to introduction of Sri Lanka Accounting Standards (SLFRS and LKAS) compatible with International Financial Reporting Standards (IFRS), by the Institute of Chartered Accountants of Sri Lanka with effect from 1st January 2012, The Company being a registered finance company with public accountability, is required to apply provisions of the full set of accounting standards and in the preparation of the financial statements in compatible with these new accounting standards, company has encountered numerous issues regarding the deviations from the requirements of the accounting standards. Out of them, this case study discuses in detailed one of the main issues that was identified during the preparation of financial statements of this company. This company provides range of different types of loans to its customers and among them it was identified a loan category with a specific feature. This loan type is called as “Stepping Up” loans and the special feature in this loan is its monthly installment changes (increases) in every 12 months. Therefore the monthly installments in first few years are relatively lower than the monthly installments of the final years of the loan agreement. In the interest income recognition of these types of loans company has encountered a problem because Sri Lanka Accounting Standard (LKAS) 39 – ‘Financial Instruments: Recognition and Measurement’ requires recognizing the interest income of loans using effective interest method where in the first two years of the loan agreements the monthly rental is not even enough to recover the interest of these loans which is calculated using effective interest method.
Day of the week effect of stock returns: Empirical evidence from Colombo stock exchange
(University of Kelaniya, 2012) Thushara, S.C.; Perera, P.

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