International Conference on Business and Information (ICBI)
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Item An Insight for Investment: A Case on Maldivian Tourism Sector(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Hamidon, T.D.This study examines the Maldivian tourism sector from an investor’s view point. Data was collected from both primary sources as well as secondary sources such as information from Maldivian Ministry of tourism and Maldives High Commission – London. The period in consideration for the study is from 2010-2020. Financial forecast method is used in this study to forecast the tourism sector revenue. This study revealed that the resorts, hotels, guest houses and safari vessels are the establishment types with regards to Maldivian tourism sector where resorts contribute to 85% of the total sector revenue making it the highest contributor. Further, lifestyles, location, branding, food production and supply, technology, legislation and regulations, security and assets to be the drivers of the sector demand while location for target market, quality management, global outlook and flexibility act as critical success factors. Discussing the markets, China continues to be the top most contributor in terms of size of revenue and number of tourist visits and Asia pacific region tops the charts as the largest contributor in terms of tourist arrivals. Historically, tourism sector has shown an annual average growth rate of 29% over the past 3 years, from 2013-2015 while the author’s forecasted figures estimate the sector’s annual revenue would on average be 24% from 2016-2020.Item Capital Structure and Firm’s Financial Performance: A Study of Sri Lankan Manufacturing Sector(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Hamidon, T.D.; Ranjani, R.P.C.This research paper attempts to investigate the impact of capital structure on firm’s financial performance based on the manufacturing companies listed in Colombo Stock Exchange (CSE). Annual data were collected from published financial statements relating to 20 sample companies selected using systematic sampling technique operating in manufacturing industry. Descriptive statistics, Correlation and Regression analyses were used as statistical tests to reveal the relationship and the association between the variables. Debt to Equity (DE) and Debt to Total Assets (DT) ratios were used as proxies for capital structure while Gross Profit Margin (GPM), Net Profit Margin (NPM), Return on Assets (ROA) and Return on Capital Employed (ROCE) were used as proxies for financial performance. The results confirm that only ROCE is positively and significantly related with both DE and DT while there is a negative correlation between GPM, NPM and ROA with DE and DT. In conclusion, capital structure is not a major determinant factor affecting the firm’s financial performance where it’s evident that there is no significant association between capital structure components and firm’s financial performance. The results are in support of some literature and are contradictory with some as well.