Symposia & Conferences
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Item Factors Affecting Financial Distress Among Sri Lankan Young Working Adults in Sri Lanka(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2025) Pihanage, P. I. M.; De Zoysa, R. P. S.Introduction: This study focuses on the factors that influence financial distress, spending behavior, saving behavior, investment behavior, and financial literacy among young working adults in Sri Lanka. Against the backdrop of challenging economic conditions in Sri Lanka, understanding financial behaviors and their impact on financial well-being has become increasingly important. The aim of this study is to determine the factors that contribute to financial distress among young working adults in Sri Lanka, focusing on the relationship between spending behavior, saving behavior, investment behavior, and financial literacy. It attempts to examine how these behaviors and financial literacy affect financial distress in this demographic in Sri Lanka. Methodology: This study uses a quantitative research design to explore the impact of financial behaviors (spending, saving, and investing) and financial literacy on financial distress among young working adults in Sri Lanka. A structured online questionnaire was used to collect data targeting 384 young professionals aged 18 to 34 years in both the public and private sectors. The survey was distributed via Google Forms and the responses were analyzed using SPSS (27) software. The research follows a descriptive analytical approach in a positive model with hypotheses developed based on empirical literature. The sample size was determined using Krejcie and Morgan’s table to ensure statistical rigor. Findings: According to the findings, spending behavior, saving behavior, and investment behavior show a statistically significant impact on financial distress among young working adults. Poor spending habits directly contribute to higher financial distress, while positive savings and investment behaviors help mitigate financial challenges by providing financial security and future growth opportunities. On the other hand, financial literacy did not show a statistically significant impact on financial distress in this study. This suggests that knowledge alone is not enough but is accompanied by active financial practices. Moreover, the variation in financial distress across different groups here further highlights demographic insights. Older respondents (aged 31-35) report higher financial distress due to the pressures of midlife and increased family responsibilities. Married individuals, especially those with children, experience higher levels of financial distress compared to singles, reflecting the economic burden of supporting their families. Moreover, low-income earners face greater difficulties in managing spending and savings, and financial difficulties are inversely related to income levels. Conclusion: The study highlights the critical need for interventions aimed at promoting responsible financial behavior. Targeted financial education programs, practical tools for budgeting, and initiatives to encourage savings and investments can help alleviate financial distress among this demographic. These findings provide valuable insights for policymakers, educators, and financial institutions seeking to enhance the financial resilience of Sri Lanka’s youth workforce.Item The Investment of Information Technology and Firm Performance: The Study of Manufacturing Industry in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Pathirana, M.P.D.M.; Thilakarathne, C.R.Many organizational leaders and strategy scholars would agree that the ability to effectively manage information within the firm has become critically important because it may provide a basis for gaining a competitive advantage. Many business people invest large amount of funds for information technology to improve the performance of the organization. Performance is the main area of measuring success of the organizations. Many researchers have shown the effect of information technology on the financial performance of organization by finding the relationship among information technology and the return on investment, growth in sales, return on equity and on assets. The objective of this research is to find the relationship between investment of IT and firm performance of the manufacturing organizations. According to this research independent variables are Investment of IT on Total annual sales, Investment of IT on Total assets and Investment of IT on Total investments. Dependent variable is Return on assets (Weill, 1992).Secondary evidence is used for this research. Seven years of historical data on IT investment and performance were collected using Annual reports of CSE website .In the recent past, researchers have shown conflicting results regarding the returns to IT investment .Some researchers posit that the equivocal results of IT investment are due to inconsistent measurement of firm performance and investment (Roberts, et al., 2004).Multiple regression analysis and correlation analysis technique were used to analyze the variables and data. The importance of this research is to gain more knowledge about IT and its effect of the organizations.Item Financial Performance of SBI Mutual Funds: An Analysis(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Baral, S.K.When we talk about mutual funds, putting all our eggs in a single basket is never a wise decision. This is due to the market volatility and the risks involved in it. But one can minimize risk by distributing his investments among various financial instruments, industries and many more options. Here the intent is to maximize returns by investing in diversified areas, where each would react differently to the same event. This not only buffers the impact of a market downturn, but also allows for more potential rewards by offering a broader exposure to various stocks and sectors. A mutual fund is a pool of money from various investors who wish to save or make money. Investing in a mutual fund can be easier than buying and selling individual stocks and bonds on our own. Investors can sell their shares when they want. The main objective of this paper is to analyze the financial performance of State Bank of India (SBI) mutual funds.Item Financial market and allocation of capital in Sri Lanka(Department of Accountancy, University of Kelaniya, 2015) Chandrasiri, C.L.S.S.Financial markets appear to improve the allocation of capital. Across 65 countries, those with developed "Financial sectors increase investment more in their growing industries, and decrease investment more in their declining industries, than those with undeveloped "Financial sectors. The efficiency of capital allocation is negatively correlated with the extent of state ownership in the economy, positively correlated with the amount of "firm-specific information in domestic stock returns, and positively correlated with the legal protection of minority investors. In particular, strong minority investor rights appear to curb overinvestment in declining industries. It is now well established that a sounder financial system is associated with faster economic growth. Recent research that examines the details of this connection has important implications for economies in transition. Stock prices in rich countries move in highly idiosyncratic ways that convey information about changes in firms’ marginal value of investment. This information is important because it facilitates the rapid flow of capital to its highest value uses. In contrast, stock prices in low-income countries tend to move up and down en masse, and thus are of scant use for capital allocation. Stock return a synchronicity is highly correlated with the strength of private property rights in general - and shareholder rights in particular. Many countries have voided protecting these rights for many decades. In light of the research we survey, the persistence of such policies requires explanation. Another strand of new papers offers insights. In many countries an elite (often the descendants of industrial barons who grew rich off political “connections” during early stages of development) controls most large corporations through “pyramidal” corporate groups. This corporate control gives the elite vast rent-seeking powers, which it uses to limit outsiders’ property rights and outsiders’ access to capital. The latter is accomplished by keeping the stock market and financial system from functioning well. The initial stages of this process of “economic entrenchment” may be under way in many transition economies. Economic openness may limit this sort of “economic entrenchment”, and thus contribute to institutional reform and economic growth.