International Postgraduate Research Conference (IPRC)
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Item A Study on Working Capital Management and Its Impact to The Firm’s Profitability: Case Study in Leading Leather Garment Manufacturer, Sri Lanka(Faculty of Graduate Studies, University of Kelaniya, Sri Lanka, 2016) Anthony, G.; Wijayanayake, A.Working capital is critical for every organization to run day-to-day operations of the organization and it plays significant role in increased profitability, growth opportunities and shareholders wealth of the organization. The aim of working capital management is ability to settle short-term obligation by controlling the current assets and current liabilities effectively and efficiently to get maximum return to the organization. Working capital management is necessary for every business in their short- term planning process and managers should be decided to keep optimum level on each element. Holding them either too much or too little both are giving negative result to the business since there are significant costs associated with each element. So it is no surprise to study on working capital management in an organization since it is one of the main decisions in financial management. This study is to exactly analyses working capital management and its impact to the firm’s profitability in Sri Lanka’s only, and leading high quality leather garment manufacturer, profitability measured by the Return on Assets (ROA) and analyses the impact from the working capital elements such as inventory holding period, accounts receivable period, accounts payable period, cash conversion cycle, current ratio and quick ratio to the profitability. To investigate this relationship, secondary data analysis utilizes financial data based on independent audit statements of the company for the period of 2000-01 to 20014-15 (15 Years) and a quantitative analysis was conducted by using the SPSS statistics 20.0, linear regression runs in order to validate the hypothesis; correlation and regression analysis. Furthermore, descriptive statistics and correlation matrix also used to analyze the collected data. The findings show that the accounts receivable period (ARP) and cash conversion cycle (CCC) have a significant and moderate positive relationship with ROA. In addition, current ratio (CR) and quick ratio (QR) have significant and strong positive relationship with ROA. However, inventory holding period (IHP) and accounts payable period (APP) have insignificant relationship on profitability. And also based on key findings conclude that the company can increase the profit by offering effective credit facility system in order to encourage customers to buy more products and company has room to increase the profitability through effective working capital management. Thus, this study suggests that the managers can create profit by promoting their sales under the credit facilities until the overall benefits are higher than the overall cost and effective working capital management provides an inward option for source of financing other than the traditional sources of finance. Moreover, the study suggests that inventory management strategies such as JIT, EOQ and ABC analysis system should be implemented to avoid overstocking and stock write off while minimizing holding cost.Item Influencing Factors for The Adaptation of Mobile Phone Banking App Case Study for ABC Bank PLC(Faculty of Graduate Studies, University of Kelaniya, Sri Lanka, 2016) Vincent, C.; Wijayanayake, A.ABC Bank PLC introduced a mobile application referred as “Mobile App” software application designed to run on smart phones. The focus of this research is to evaluate influencing factors for the adoption of this mobile banking app in the context of registered retail mobile banking users of ABC Bank PLC and thereby to identify the relationship between the factors. The conceptual frame work was developed bases on the concept of Parasuraman’s (1988) SERVQUAL model measuring the relationship between the mobile banking application and its impact on customer adaptation to the mobile banking app. According to the critical literature review five dimensions were identified as important for customer adoption to internet banking (Mobile App) namely Awareness, Reliability, Perceived Value, Ease of use and Social influences. The research data was collected from actual mobile banking app users both customers and employees from ABC Bank PLC. The researcher was able to collect 73 positive responses to the questionnaire which was circulated among the target group. The reliability as measured by Cronbach’s alpha for the hypothesis which met the minimum requirement. The descriptive analysis of data has been done to evaluate the research findings. The Pearson correlation and regression analysis found all 05 dimensions have a positive impact on the adaptation of mobile banking app. The R2 coefficient revealed that the Social influence and Ease-of-use having highest influences. The limitation of the study is that it was focusing on the mobile banking app uses of ABC Bank PLC, where the scope of the study is much limited. The study provides a comprehensive understanding of Influencing factors affecting the adaptation of mobile banking app at ABC bank PLC, enabling the bank to simulate Product Development and Marketing strategy.Item Increase the performance of apparel industry through the application of lean tools and techniques(Faculty of Graduate Studies, University of Kelaniya, 2015) Wijayanayake, A.; Wannisingha, W.M.N.N.Lean manufacturing is an approach to identify and eliminate wastes through continuous improvement. Lean principles and techniques that drive organizations to continually add value to the product they deliver by enhancing process steps that are necessary, relevant, and valuable while eliminating those that fail to add value. Lean has been used in manufacturing for decades and has been associated with enhanced product quality and overall corporate success. The benefits of using lean manufacturing approach are evident in factories all over the world. With a view to achieve performance improvement, both developed and developing countries are applying lean. The apparel manufacturing industry in Sri Lanka faces many challenges as a result of low cost garment manufacturers worldwide, and which now seeks options and tools to stay in the competitive market. With this need in mind many apparel companies have looked at lean manufacturing as a valuable method to promote new strategic positioning. There is no evidence in the literature in similar research where a framework is developed to identify the most appropriate lean tools or technique that could be used to minimize a particular waste. The purpose of this study is to identify the waste that is common in apparel industry in different departments and to map the most effective lean tools and techniques that are applicable to reduce the identified waste. This will enable to reduce waste, cost and time taken for each non value added activity and enable to stay competitive in the international market. A framework has been developed by mapping the significant waste in apparel industry with the most appropriate lean tools and techniques that has been proven effective in eliminating waste in order to improve the apparel manufacturing performance. The study, first, undertook literature review in the area of lean manufacturing and developed extensive research questions. These questionnaires were given to 15 lean practitioners in selected leading apparel manufacturing companies in Sri Lanka. The collected data was analyzed and tested on several nonparametric tests using SPSS version 22.Item Determining Critical Factors of Consumers‟ Adoption of Internet Banking(Faculty of Graduate Studies, University of Kelaniya, 2015) Wijayanayake, A.; Perera, T.Banks in Sri Lanka have been at the forefront in the deployment of ICT based products and services. With Electronic banking, financial institutions began to exploit new approaches to their business while delivering their customers a wide range of value added products and services in aligning with the product delivery mix with the new technology. One of the major E-banking channels is the Internet Banking (IB). Though there is a growth in transaction volume of IB in Sri Lanka over the years, yet it takes less than 10% compared with total transaction volume. This implies that still the IB services have not been used as much as customers could or should have used them. There are few studies have been conducted to determine the critical factors affecting the customer adoption of IB. The objective of this research is to identify the different banking customer segments on the demographic and socio-economic characteristics and then to identify the deterrent and appealing factors governing in these segments that affect IB adoption. The paper describes IB-readiness as the state of being fully prepared to engage in IB, and it is argued that both the potential banking customers, banks and their web technology must be equally ready before IB-adoption can occur. Eight factors such as Technology readiness, Banking service usage, Access and availability of resources, Risk and adaptability, User friendly IB services, Security, Perceived convenience and Cost are considered to evaluate their effects towards IB adoption through a survey. This study presents the results of the initial test of the conceptual model of IB adoption with a sample of retail banking customers who belong to different demographic segments in Sri Lanka. Technology readiness has a statistically significant difference among different age groups and Risk and adaptability, Access and availability of resources and Security shows a statistical significance impact towards IB adoption. The above findings provide information on consumer behavior in IB and this enables the banks to identify the motivating and the deterrent factors in different customer segments. This would enable the banks to discover the deterrent factors in different segments and to address them by introducing new strategies and promotional programs to increase the IB usage.Item A study on the factors influencing supply chain quality management practices and their impact over a firm’s supply chain performance(Faculty of Graduate Studies, University of Kelaniya, 2015) Wijayanayake, A.; Dharmawardana, M.With the accelerated evolution of today‘s business environment, the competition is no longer between businesses, but between supply chains of rival companies. Therefore, the supply chain managers have a huge responsibility to gain competitive advantage over rival supply chains in order to achieve and retain stakeholder attraction. The competitive environment of the twenty-first century requires achieving efficiency, high service levels, rapid response, and high quality and agility in products and processes. All these competitiveness could be achieved through improvement in quality performance in collaborative supply chain (SC) environment. In order to face challenges in quality management and to enhance performance, a sound knowledge about supporting factors for effective quality management practices are important. This research involves in studying the factors influencing supply chain quality management practices (SCQMP) and their impact over a firm‘s supply chain performance (SCP) in Sri Lankan apparel industry. Apparel industry is one of the most evolving industries in Sri Lanka, hence it is chosen as the domain for the research. Through an extensive literature survey and the expert opinion from the industry, this research investigates the impact of the seven selected SCQMP over SCP. Both qualitative and quantitative data has been gathered through a structured questionnaire survey, through interviews from executive level to top management members working in supply chain and quality departments and from secondary data. Four plants of leading apparel export firms have been studied to obtain information under convenient sampling concept. Multiple regression analysis and Spearman‘s Correlation has been used to analyse data. The results indicate that customer focus, supplier quality management, operations focus and information analysis as the most significant SCQM factors influencing supply chain performance.