Commerce and Management
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Item The Impact of Public Expenditure on Economic Growth in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Wimalasiri, N.P.G.U.S.; Madurapperuma, M.W.The relationship between public expenditure has been one of the most searched issues in both developing and developed countries in the recent years. Public expenditure and policies related to public expenditure are important for a country and its macroeconomic stability. Hence, the objective of this study is to investigate the relationship between public expenditure and economic growth of Sri Lanka for the time period spanning from the year 1985 to 2015. A model developed by Ram (1986), as summarized by (Kweka & Morrissey, 1997) is used for the analysis. Total government expenditure is disaggregated in to three categories for the research purpose of this study as; government investment expenditure, government consumption expenditure and government human capital investment expenditure. Private investment was also added as an independent variable based on the econometric model employed for the study. All three categories of expenditure; government investment expenditure and government human capital expenditure were found to be insignificant in the regression, whereas private investment showed a positive and government consumption expenditure showed a negative significant relationship with regard to economic growth in Sri Lanka.Item Impact of human capital to success of a business in Sri Lanka(Department of Accountancy, University of Kelaniya, 2015) Senarathna, K.A.H.K.Human capital refers to knowledge, skills and abilities acquired by an individual through education and work experience. When considering the whole business context it can be seen human capital is the best factor businesses have. Although companies are having many resources, its management cannot proceed business towards the success without good combination of human capital. All other factors are used for the business process by involving the human capital. Human capital increases the capability of owners to perform the generic entrepreneurial tasks of discovering and exploiting business opportunities (Shane and Venkatraman, 2000). This paper refers to identify the combination of human capital and success of a business in Sri Lanka. Owners with higher human capital should be more effective and efficient in running their business than owners with lower human capital. When it comes to the Sri Lanka, as a developing country there are lack of financial resources in the Sri Lankan business context. Therefore Sri Lankan businesses have to maintain a good usage of human capital in order to get maximum contribution of other recourses. The effectiveness of other business resources mainly based on the effectiveness of the human capital. The study expect that that there is positive relationship between human capital and success of a businessItem Factors of Human Capital towards Business Performance of Women-Owned Small Enterprises: A Study in Matara District, Sri Lanka(2011) Ganewatta, G.K.H.; Rathnayake, R.M.In today?s context, managing business successfully is not an easy task. Many people who begin the process of starting a new business fail to achieve their goals, although others are quite successful . It has been recognized that women owned firms were more likely to fail, and had lower levels of sales, profits, and employment than those owned by men . Human Capital is arguably the most valuable asset held by any organization today. Prior research showed that human capital attributes in particular those of the business owner, have been argued to be a critical resource that affects small business performance. However the amount of investigations linking performance of women entrepreneurs and human capital are very limited in Sri Lanka. Therefore this research is is an empirical investigation of the impact of factors of human capital on the business performance of small enterprises managed by women entrepreneurs. The main objective of the study was to determine the impact of human capital and to what extent factors of human capital contribute to performance changes of small enterprises managed by women. A secondary objective was to find the most influencing human capital factor in formulating a composite index of human capital. This study considered seven factors of human capital as independent variables and business performance as dependent variable. The strength of the relationship between variables and the level of statistical significance were assessed using Correlation coefficient and the Multiple regression procedure . The findings of the correlation analysis showed that human capital is highly correlated with performance. With regard to regression analysis, only two human capital variables i.e training, and previous entrepreneurial experience, were significantly positively influencing for performance. Other five factors; education level, education area and previous occupation, entrepreneurial skills and parents or husband owns a business were not significantly affecting for performance. Thus, this study reveals that level of education, area of education as not influential factors to enhance performance of women entrepreneurs in small scale enterprises, but training and experience as more important factors. It suggests that, even without formal education women can be directed to do businesses and their performance can be improved by giving proper training. Therefore the results of this study have practical implications for managerial practice and small business development. The regression model which explains the influence of factors of human capital towards the human capital index showed that education area as the most influential factor and education level as the least influential factor in formulating a composite index of human capital.