Volume 04 - 2015
http://repository.kln.ac.lk/handle/123456789/13915
2024-03-28T22:00:01ZPredictability of Stock Returns Using Financial Ratios: Empirical Evidence from Colombo Stock Exchange
http://repository.kln.ac.lk/handle/123456789/14539
Predictability of Stock Returns Using Financial Ratios: Empirical Evidence from Colombo Stock Exchange
Wijesundera, A.A.V.I.; Weerasinghe, D.A.S.; Krishna, T.P.C.R.; Gunawardena, M.M.D.; Peiris, H.R.I.
The purpose of this research is to examine the ability of the historical financial information in constructing a resilient value portfolio for investors by predicting stock returns in the Sri Lankan context. One of the most imperative and interesting phenomena for the investors and the analysts would be the stock returns from the financial markets. The present study will aim at mainly to assess correlation between financial ratios and the predictability of stock returns for companies listed on the Colombo Stock Exchange. This study applies ordinary least squares (OLS) techniques to estimate the predictive regressions in form of simple and multiple models of panel data sets. For the current study, 60 listed companies were selected and 10 years of data has been analyzed from 2004 to 2013. The results highlighted that ROE, EPS and MV/BV have a significant positive relationship with the stock return which is followed by a simple equation to predict the future stock returns. Hence the investors should consider these ratios of the companies and movement in these ratios in selecting a resilient portfolio to invest.
2015-01-01T00:00:00ZThe Relationship between Board Characteristics and Earnings Management: Evidence from Sri Lankan Listed Companies
http://repository.kln.ac.lk/handle/123456789/14538
The Relationship between Board Characteristics and Earnings Management: Evidence from Sri Lankan Listed Companies
Kankanamage, C.A.
This paper aims to examine the impact of board characteristics on earnings management in Sri Lanka during the period from 2012-2015. The current study uses the ordinary least squares regression (OLS) to examine the effect of board on earnings management for a sample of 160 listed firms in Sri Lanka from 2012-2015. Kothari, Lenon and Wesley (2005) performance adjusted discretionary accrual model used to measure the earnings management by using the discretionary accruals. Findings revealed that there is a significant relationship between board size, board composition, board financial expertise and board meetings and earnings management of the firms. Thus effective board of a firm is contributing to enhance the financial reporting quality and transparency. The findings of this study would provide useful information for regulators and the practioners in the country to understand the significance of board characteristics of firms to constrain the earnings management and enhance the financial reporting quality and transparency. Further results provide useful information to the investors and other stakeholders in evaluating the existence of effective board characteristics in advance to put the confidence of the financial reporting quality and make their decisions.
2015-01-01T00:00:00ZModel-Based Analysis of Student Satisfaction in Open Distance Learning
http://repository.kln.ac.lk/handle/123456789/14537
Model-Based Analysis of Student Satisfaction in Open Distance Learning
Perera, M.J.R.; Abeysekera, N.
Student satisfaction in Open Distance Learning (ODL) is a widely researched and admired feature in modern world. There are enormous number of research studies done on this ground with different variables affecting the student satisfaction. Since the Learners are coming from different societies, cultures, family backgrounds, educational backgrounds with different information technology skills it is very difficult to fulfill their requirements for satisfaction. But it must be explicable that the competitiveness of higher education rivalry being in the higher education field. The purpose of this study was to find out the significant factors affecting student satisfaction in Open distance learning at the Open University of Sri Lanka (OUSL). Based on literature, the famous modified service quality (SQ) model of SERVQUAL was applied in this study. The independent variables were Assurance, Empathy, Responsiveness, Reliability, and Website Content and the dependent variable was Student Satisfaction. Data were collected by using a self-administered questionnaire from 244 undergraduate students of OUSL. The analysis was based on descriptive and inferential statistics. The results have revealed Assurance, Reliability, and Website content in ODL were statistically significant with student satisfaction in ODL and results would contribute to administration of OUSL to improve the quality of service process.
2015-01-01T00:00:00ZFactors Affecting Purchase Decision for Indian Two Wheelers in Sri Lankan Market
http://repository.kln.ac.lk/handle/123456789/14536
Factors Affecting Purchase Decision for Indian Two Wheelers in Sri Lankan Market
Weerasiri, R.A.S.; Mendis, A.S.M.G.
Within the past decade two wheeler usage indicates a rapid growth in Sri Lankan market. Among the two wheeler population, Indian two wheeler brads representing a huge portion.. In this research study researcher put effort to find out what are the factors effect on decisions of consumers on Indian two wheelers as a novel research. Main purpose of this study was to identify why Indian two wheeler brands becoming more popular and which factors effect on the purchasing decision and open up the gateway to study on this area among this study. Researcher’s previous working experience at Automotive Industry was lead to conduct the study. Data were collected from four districts representing the Sri Lankan population using questionnaire. According to the literature review researcher employed six variables namely Price, Technology and Design, Product Awareness, Spare Parts Availability, After Sales Services and Economic Conditions. Data was gathered from two wheeler users and non-users who are having ether two wheeler or willing to have a two wheeler. The findings also revealed several implications for marketers to better segmentation and targeting in the automobile industry especially on two wheeler sales. Further contribution of the demographic factors such as age, gender, income level, education level how far impacted on the purchasing decisions of the two wheelers and those are helpful to marketing managers to develop their strategies. Ultimately the study provides important insides how the variables are impact on purchasing decisions towards the Indian two wheelers at the Sri Lankan market.
2015-01-01T00:00:00Z