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Title: | The Impact of Internal Controls on Organizational Performance of State-Owned Commercial Banks in Sri Lanka |
Authors: | Kumari, K.A.H.M. Weerasooriya, W.M.R.B. |
Keywords: | Internal Controls, Organizational Performance, State-owned Commercial Banks |
Issue Date: | 2019 |
Publisher: | International Conference on Business and Information (ICBI – 2019), [Accounting, Finance and Economics]. Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka |
Citation: | Kumari, K.A.H.M. and Weerasooriya, W.M.R.B. (2019). The Impact of Internal Controls on Organizational Performance of State-Owned Commercial Banks in Sri Lanka, International Conference on Business and Information (ICBI – 2019), [Accounting, Finance and Economics]. Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, P.26 |
Abstract: | Internal control system plays an important role in determining how banks achieve their performance in a competitive business landscape. This study proposes to investigate the impact of internal controls on organizational performance of state-owned commercial banks in Sri Lanka. For this study, internal control was measured by five components: control environment; control activities; risk assessment; information; and communication, and monitoring as per COSO (Committee of Sponsoring Organizations of Tread Way Commission). 132 executive level employees from state-owned commercial banks in the Central province responded to the questionnaire. Respondent sample was selected using stratifiedԁ sampling technique. Correlation analysis revealed that internal controls have a significant positive relationship with organizational performance in the case of state-owned commercial banks in the Central Province. This means that state-owned commercial banks should pay more attention to internal controls pertaining to control activities and risk assessment because these variables predict the organizational performance of state-owned commercial banks in the Central Province of Sri Lanka. |
URI: | http://repository.kln.ac.lk/handle/123456789/21350 |
Appears in Collections: | ICBI 2019 |
Files in This Item:
File | Description | Size | Format | |
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ICBI 2019 - Abstract Book - pg 26.pdf | 239.72 kB | Adobe PDF | View/Open |
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