Commerce and Management
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Item Impact of Knowledge Enabling Environment and Project Knowledge on Business IT Project Success: A Conceptual Model(Faculty of Commerce and Management Studies, University of Kelaniya, 2021) Jayasuriya, D.R.N.; Razi, M.J.M.; Thilakarathne, P.M.C.Each year considerable amount of funds committed on IT projects, but the level of IT project success is considerably low. The level of IT project success is unknown in Sri Lanka and there isn’t any defined standard method for measure the IT project success level. There are many factors affect to success of the IT project and project Knowledge is one of the main factors. Domain knowledge and knowledge sharing are main components of the project knowledge. How these components of project knowledge affect to project success is not clear. Many factors affected to project knowledge and knowledge enabling environment is one of the main factors. There are many components in knowledge enabling environment. The leadership and trust are two main components of the knowledge enabling environment. How these components affect to project knowledge is unknown. The quantitative method is use in this research to identify the relationships between variables. Mainly this research is to investigate the success level of business IT projects in telecom and banking sector in Sri Lanka. In addition to that this study focuses on to find how domain knowledge and knowledge sharing impact on IT project success level. Further it is to find the relationship between trust and leadership with domain knowledge and the knowledge sharing.Item Impact of Dividend Policy on Stock Market Liquidity; with Special Reference to Companies Listed in Colombo Stock Exchange(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Rathnayaka, R.M.S.T.; Thilakarathne, P.M.C.In any country, share market variables are very important to the investors. This study investigates the impact of dividend policy on stock market liquidity with special reference to companies listed in Colombo Stock Exchange. Related studies which have been carried out in other stock exchanges show mixed results depending on the stock market conditions and investor perception. In different countries the nature of this relationship may differ. But in Sri Lanka, no previous studies could be found, directly addressed this research issue. The findings of this study will give a better understanding on impact of dividend policy on stock liquidity in a developing country like Sri Lanka. Therefore, purpose of this study is to investigate the impact of dividend policy on stock market liquidity by referring non-financial companies in Sri Lanka. The study uses share turnover (ST) to investigate the stock market liquidity. Dividend policy represented through dividend per share (DPS), dividend payout (DPO), dividend yield (DY) and earnings per share (EPS). The sample comprises 53 nonfinancial firms listed in Colombo Stock Exchange which are having continuous dividend payments over the most recent five years. The sample period is from 2015 to 2019 with 265 firm-year observations. The findings of the study will provide guidance to the management when and how much to pay or not to pay as dividends. The study also provides guidance to investors to make their investment decisions. Further, the results will be of interest to stakeholders, lenders, and financial consultants/analysts as well.Item The Effect of Credit Risk Management on Shareholder Value: With Special Reference to Licensed Commercial Banks in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Karunarathna, K.A.D.N.M.; Thilakarathne, P.M.C.This study investigates the effect of credit risk management on the shareholder value of the licensed commercial banks in Sri Lanka. The banking industry is facing enormous challenges due to various risk categories exposed by banks such as credit risk, operational risk, market risk, control risk, liquidity risk, reputational risk, IT risk, legal risk and strategic risk. Among those credit risk has a significant effect on the shareholder value. In the world context researchers found that there is an effect of credit risk management on the shareholder’s value. But in the Sri Lankan context there are a few studies investigated in this important research problem. So, the findings of this study offers a better understanding on the status of the effect of credit risk management on the shareholder value of licensed commercial banks in Sri Lankan context. The sample comprises 20 licensed commercial banks encompassing ten years (from 2009/2010 to 2018/2019). The secondary data extracted from audited financial statements and annual reports of banking institutions and analysed using the multiple regression. The findings of this current study will be beneficial for decision making parties in the banking sector, on deciding how to sustain their performance efficiently and effectively by achieving the shareholder value. Further this will beneficial for the parties who are interested in conducting studies relates to credit risk management and shareholder value.Item Relationship between Income Source Diversification and Financial Performance of Commercial Banks in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Dilrukshi, K.K.S.; Thilakarathne, P.M.C.Profitability of commercial banks highly depends on the net interest income generating activities. Due to the profitability and stiff competition, banks have changed their income sources, by diversifying into non-interest income generating activities. The objective of the study is to investigate the impact of income source diversification on financial performance of commercial banks in Sri Lanka. The study used secondary data of 15 commercial banks covering the period of 2008- 2017. Diversification Index used as diversification indicator while Return on Assets (ROA) and Return on Equity (ROE) used as performance indicators. There are some control variables like asset size, growth rate, equity ratio and loan ratio added to the model to ensure that there is no any affect for the relationship between bank income diversification and bank performance from those variables. Descriptive statistics, correlation and regression analysis have used as analytical tools of the study. Results revealed that there is a positive relationship between income diversification and bank performance despite the fact that degree of diversification being not in the peak within Sri Lankan context. Additionally asset size, loan ratio and asset growth variables are not significant variables to the both ROA and ROE models and equity ratio variable shows a significant negative relationship with bank performance in both modelsItem Determinants of Financial Performance of Listed Banks in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Chandrapala, C.N.C.; Thilakarathne, P.M.C.The main purpose of this study examines the bank specific factors which are determined the financial performance of listed banks in Sri Lanka. Bank size (BS), Capital ratio (CAR), Liquidity (LIA), Deposits to assets (DEA), Operating expense to assets (OPA), and Loan to assets (LOA) as independent variables and financial performance as the dependent variable. This research return on assets (ROA) and return on equity (ROE) used measure the financial performance. The study conducted with panel data and utilized the sample frame interim financial reports of listed banks in Sri Lanka. Multiple regression model used analyze the data including 220 observations of 11 listed bank in Sri Lanka over the period 2013-2017.Regression model were analyzed by using E- Views software package. The result reveal that bank size, loan to assets and deposits to assets have significant positive relationship with both financial performance measures and liquidity has significant negative relationship with return on equity (ROE). In view of these findings, banks financial performance is determine by the bank specific factors therefore bank management have more significant influence on determine the financial performance of banks listed in Sri Lanka. The result of the study are value to both academic and policy makersItem Impact of Global Financial Crisis on Banking Sector Performance in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Priyadarshani, K.M.C.; Thilakarathne, P.M.C.Financial crisis is a situation in which the supply of money is outpaced by the demand for money. This means liquidity is quickly evaporated because available money is withdrawn from banks. The purpose of this study is to investigate impacts of global financial crisis on banking sector performance in Sri Lanka. It is based on the two objectives which were to assess relationship between financial crisis and bank performance and to examine impacts of Capital Adequacy, Assets Quality, Management Quality, Earnings and Liquidity on bank performance. Data was collected through the annual reports of selected commercial banks from 2007 to 2015.A descriptive statistics, correlation analysis and multiple regression analysis were used to investigate relationship between Capital Adequacy Ratio, Gross Non Performing Advances Ratio, Interest Coverage Ratio, Return on Equity and Liquid Assets Ratio with the Bank performance. The findings indicate that Capital Adequacy Ratio, Gross Non Performing Advances Ratio, Interest Coverage Ratio, Return on Equity had a significant relationship with bank performance. But Liquid Assets Ratio had a no significant relationship with bank performance. Thus the study concludes that global financial crisis significantly influenced on the bank performance. Final outcome of this research is adding knowledge to bank entities to get an idea about how they can preserve their performance within crisis period.Item The Effects of Total Quality Management Practices on the Business Performance of Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Kumari, S.A.L.N.; Thilakarathne, P.M.C.Organizations in the world have been exploring ways of improving quality to increase business performance in order to gain competitive advantage (Ferdousi & Shabnam, 2013; Jha and Joshi, 2010). As a result of that many businesses in the world are practicing Total Quality Management (TQM) in order to increase business performance and gain competitive advantage (Ferdousi & Shabnam, 2013). Therefore, this study investigates that the effect of TQM practices on the business performance of manufacturing companies in Sri Lanka. The sample was selected by using random sampling method. Conceptual framework and hypothesis are tested by using questionnaire mail survey. The research is basically based on the primary data collected using a questionnaire. The findings suggest that TQM determinants have significant correlation with business performance. Moreover, results in multiple regression analysis revealed that top management commitment, supplier quality management and strategic quality planning are positively related with the business performance. Hence, result indicates that manufacturing companies should emphasize greater attention on top management commitment, supplier quality management and strategic quality planning. Therefore, this study has important impact for the top management. According to the major findings of the study, top management have to increase their commitment and effort on the day to day operations. Moreover, suppliers’ input quality is essential in producing quality output. Further, strategic quality planning on quality decisions is also very much essential in enhancing business performance.Item Impact of Working Capital Management on Profitability of Manufacturing Sector Small and Medium Sized Enterprises (SMEs) in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Bandara, A.W.D.Y.; Thilakarathne, P.M.C.Working Capital Management (WCM) is the management of short-term financing requirements of companies. WCM impacts on both profitability and liquidity of the companies. This study aims to investigate the impact of working capital management on profitability of manufacturing sector small and medium sized enterprises in Sri Lanka. This study makes use of twenty manufacturing sector small and medium enterprises in Sri Lanka for the period from 2010 to 2015. Study used secondary data, data were collected from selected companies audited financial statements of relevant years. Multiple regression model was used to investigate the relationship between working capital management and companies’ profitability. The working capital was measured by cash conversion cycle (CCC), average number of day-sales of inventories (INV), average number of day-sales accounts receivable (AR) and average number of accounts payable (AP) as independent variables and the profitability was determined by return on assets (ROA) as dependent variable. Finally, researcher finds that the positive relationship between CCC and AP with ROA and AR is negatively related with ROA. So, the CCC, AR and AP are significant factors to determine the impact profitability of manufacturing small and medium sized enterprises in Sri Lanka. The INV is not a significant factor. Therefore, INV does not impact on profitability of manufacturing small and medium sized enterprises in Sri Lanka.Item The Impact of Working Capital Management on Profitability in Listed Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Bandara, A.B.M.M.H.; Thilakarathne, P.M.C.Working Capital Management has its influence on liquidity as same the profitability. Several studies (Deloof, M., 2003., Raheman A and M Nasr, 2007.),given emphasizing the importance of the short-term finance in firms. The purpose of this research is investigates the impact of working capital management on profitability of manufacturing companies in Sri Lank? The trend in working capital needs and its implication to profitability of firms are examined to identify the causes for any significant differences desirable among the industries. Hence the present study was used regression analysis to examine the hypotheses frame worked for the period of seven years from 2010-2016 with the total 182 observations and data collected from annual financial statements. Working capital management were measured using inventory period, trade receivable, trade payable, cash conversion cycle and current ratio. Return on assets applied to measures of profitability Found of this study showed a positive significant relationship between inventory turnover period, trade receivable period, and significant negative relationship with ROA. These findings of the study can be used cash conversion cycle enhancing it will lead to reducing profitability of the firm, and managers supports to create a positive value for the shareholders by reducing the cash conversion cycle to a possible minimum level. The study also finds a significant negative relationship between accounts payable and profitability which is consistent with the view that less profitable firms delay long time to pay their bills.Item Corporate Sustainability Reporting Practices of Financial Service Sector Institutions in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Akram, R.M.W.; Thilakarathne, P.M.C.This study aims to explore the practices of sustainability reporting by leading financial services sector institutions in Sri Lanka when compared to GRI guidelines. The GRI guidelines which is used for the comparison purpose for the Financial Services sector (FSS) institutions include both GRI G4 framework and 16 GRI FSS specific performance indicators. In this study, the researcher investigated the FSS’s reporting in five wide areas of sustainability, which include environment, labor practices and decent works, product responsibility, human rights and society. The annual reports published in 2015 related to 15 leading financial institutions, which are listed on the Colombo Stock Exchange (CSE) were examined and coded using a technique called as content analysis.The overall findings of the research suggests that there is a lack of reporting on sustainability, however when the extent of disclosure is concerned, the society related information is broadly disclosed which is followed by disclosures on product responsibility and the issues related to environment. Moreover, the disclosures related to labor practices and decent work and human rights related information were relatively rare in the reports of financial institutions. Further, on the matter FSS- disclosures, less than 30% of the financial institutions have disclosed out of all sample financial institutions. Moreover, even within that 30% there is an inadequacy in the disclosure.The findings of the paper specify that the Sri Lankan financial institutions’ social disclosures could progress in this way to become more holistic and eventually (in association with the country’s central bank, CSE and other regulatory institutions) to come up with a type of arranged reporting to the point where they are appropriately branded as per the requirement.