Economics
http://repository.kln.ac.lk/handle/123456789/4627
2024-03-29T13:54:35ZThe effect of board characteristics on tax aggressiveness: the case of listed entities in Sri Lanka
http://repository.kln.ac.lk/handle/123456789/27053
The effect of board characteristics on tax aggressiveness: the case of listed entities in Sri Lanka
Shamil, Mohamed Mihilar; Gooneratne, Dulni Wanya; Gunathilaka, Dasitha; Shaikh, Junaid M.
Purpose – This study examines the effect of board characteristics on the tax aggressiveness of listed companies on the Colombo Stock Exchange in Sri Lanka.
Design/methodology/approach – The sample consists of 264 firm-year observations of non-financial listed companies in Sri Lanka from 2014 to 2019. The dynamic panel system GMM technique was used to test the hypotheses, and further analyses were performed using the propensity score matching technique.
Findings – All four effective tax rate measures’ mean values were lower than the statutory tax rate, indicating the likelihood of tax planning. Whether board attributes are likely to mitigate tax aggressiveness is uncertain because the results are inconsistent and depend on the ETR measure. Similarly, the logistic regression results derived using the PSM approach are inconsistent, suggesting that board characteristics may have a limited effect on tax aggressiveness. Hence, the corporate governance-tax aggressiveness nexus is limited in the case of Sri Lanka.
Research limitations/implications – This investigation is limited to non-financial listed companies in Sri Lanka and incorporates only four tax aggressiveness measures. Findings are imperative for policymakers, regulators, and professional bodies to improve corporate governance codes and rules to enhance organizational transparency toward corporate tax payments.
Social implications – Aggressive tax planning by companies will reduce government tax revenue, hinder
social progress, and cause public mistrust of large corporations and institutions.
Originality/value – This study provides insight into the nexus between corporate governance and tax aggressiveness in a middle-income economy in South Asia hit by an economic crisis where tax revenue has fallen and tax enforcement is weak.
2023-01-01T00:00:00ZElements of microfinance on spatial poverty alleviation in Sri Lanka: Structural equation modeling
http://repository.kln.ac.lk/handle/123456789/25287
Elements of microfinance on spatial poverty alleviation in Sri Lanka: Structural equation modeling
Kumari, P.
Sri Lanka being a developing country, its poverty can be identified as a serious issue for the development of the country. Poverty can be identified as a spatial characteristic in Sri Lanka which can be seen in the high poverty rates in several areas as the result of disparities of natural and physical resources distribution and, geographical disadvantages. Microfinance has been identified as a significant tool for eradicating poverty in many Asian countries after the 1990s. Sri Lanka also launched several microfinance programs to reduce poverty in the country. Despite the availability of microfinance in Sri Lanka, very few studies have been carried out; therefore, only limited knowledge of the empirical and theoretical impacts of the various microfinance elements on poverty alleviation is available. This study is an attempt to remedy this paucity of knowledge. Primary data were gathered through a Likert scale questionnaire that was distributed among 497 borrowers of the Samurdhi microfinance program. This sample was chosen from five districts of Sri Lanka. Structural Equation Modeling was used for testing the hypotheses. The findings of the study revealed that microcredit was the most significant element of microfinance for alleviating spatial poverty in Sri Lanka. Nonfinancial Services and Insurance Services also had a positive impact on spatial poverty alleviation. Micro Savings and Social Intermediation Services did not have a notable positive impact on spatial poverty alleviation in Sri Lanka. The findings of this study enhance the existing knowledge of microfinance, providing conceptual and empirical contributions. This study could substantially contribute to the government by offering it deeper insight into its programs. Therefore, policymakers and regulators will be able to introduce better tools for eradicating poverty, based on this new knowledge.
2022-01-01T00:00:00ZMultidimensionality of urban poverty: an inquiry into the crucial factors affecting well-being of the urban poor in Sri Lanka
http://repository.kln.ac.lk/handle/123456789/11105
Multidimensionality of urban poverty: an inquiry into the crucial factors affecting well-being of the urban poor in Sri Lanka
Semasinghe, W.M.
Although, identification of the nature of poverty in a specific setting is crucial for poverty analysis and designing targeted poverty reducing programs, there is no consensus among researchers, policymakers etc. on the dimensions of poverty, due to the multidimensionality and the universality of the phenomena. Even the criteria for selecting dimensions used in the literature remain controversial. Although, the poverty has been greatly discussed recently in Sri Lanka as in many other developing countries, most of the analysts have focused mainly on the identification of incidence and trends of poverty based on uni-dimensional approach. It is hard to find the methodical attempts which are made to identify the border aspects of well-being and poverty of mankind. The main objective of this paper is to identify the dimensions of urban poverty in the light of conventional methodologies and historical knowledge. Qizilbash’s ‘core poor’ framework was applied in this analysis. Findings revealed that shelter, clean drinking water, children’s education, health service, environmental pollution, addiction to drugs/ alcoholism, uncertainty about the future, sanitation, domestic violence and stability of livelihood are the crucial factors of well-being of urban poor.
2015-01-01T00:00:00ZThe Impact and Sustainability of Remittances on Sri Lanka’s Economic Development
http://repository.kln.ac.lk/handle/123456789/5419
The Impact and Sustainability of Remittances on Sri Lanka’s Economic Development
Bachama, Y.N.
Workers’ remittances consist of goods or financial instruments transferred by
migrants living and working abroad to residents of the home of the migrants. There
is no doubt that workers’ remittances can spur economic development. Evidence
abounds that workers’ remittances in many nations have helped in no small way in
the development of the countries. The impact of remittances on development is both
at the macro and micro level. Have remittances impacted on Sri Lanka’s economic
development? Could the impact be sustained? And, for how long could it be sustained?
The objective of this study is to find out the impact of remittances on economic
development in Sri Lanka, and the sustainability or otherwise of the foreign capital
inflow into Sri Lanka. Secondary data was collected and used for this study. The study
confirmed that remittances have impacted positively on the economic growth and
development of Sri Lanka at both macro and micro level, but the study found that
sustaining such inflow of foreign capital may be hampered by growing resentment
against foreign workers in many countries of the world, macroeconomic instability
across nations that is becoming more frequent et cetera.
2012-01-01T00:00:00Z