ICARE 2017
http://repository.kln.ac.lk/handle/123456789/18861
2024-03-28T12:05:54ZMoney Laundering and Terrorist Financing: Evidence from Sri Lanka
http://repository.kln.ac.lk/handle/123456789/18869
Money Laundering and Terrorist Financing: Evidence from Sri Lanka
Sivaguru, M.
This study investigates the effectiveness of the procedures have been taken by domestic financial institutions to combat money laundering and terrorist financing. It examines the domestic legislation acts against money laundering and regulations pertaining to inwards remittances. This research consist with mixed methods approach for data collecting, analysis and to evaluate interviewed data from respective individuals. The population of the study consist with 25 selected licensed banks, 20 financial institutions and 100 retailers who have been engaged with money transfer businesses. The expected conclusion out of the findings in this study is that the financial institutions are complying with rules and regulations assigned by regulators, still there are limitations from both regulatory bodies and financial institutions to combat money laundering and terrorist financing in Sri Lanka.
2017-01-01T00:00:00ZBusiness Ethics and Women Entrepreneurs, Sri Lanka
http://repository.kln.ac.lk/handle/123456789/18868
Business Ethics and Women Entrepreneurs, Sri Lanka
Jayawardane, V.P.T.
Women owned businesses in Sri Lanka, has increased significantly, creating a new generation of women entrepreneurs. This paper aims to outline the research connecting business ethics displayed by Sri Lankan women entrepreneurs when they are running successful businesses. Women entrepreneurs as decision makers come across ethical issues when managing their businesses. It has been identified that entrepreneurs come across ethical issues when they carry out their management responsibilities. Therefore, ethics and ethical perspectives in management are crucial for the success of women entrepreneurs.
The focus of this paper is to encourage women entrepreneurs to maintain ethical practices that are essential for their business survival. This research was undertaken using data which was obtained using both primary and secondary sources. A structured questionnaire was used to obtain the primary data whilst secondary data was extracted from literature. Qualitative methodology was used for analysis and the total number of questionnaires distributed was 30 in a chosen sample of established women entrepreneurs of Sri Lanka.
The study identified that there was a significant relationship between the ethical practices of the women entrepreneurs and the performance of their business. These findings contribute to a better understanding of how women entrepreneurs think and integrate business ethics into their decision-making. In conclusion, suggestions are made with essential business ethics which should be adopted by the women entrepreneurs in Sri Lanka as well as recommendations for future research.
2017-01-01T00:00:00ZAre We on Track? A Theoretical Inquiry into Integrated Reporting Regulations in Sri Lanka
http://repository.kln.ac.lk/handle/123456789/18867
Are We on Track? A Theoretical Inquiry into Integrated Reporting Regulations in Sri Lanka
Abeysinghe, A.A.C.
Traditional corporate reporting focuses on financial outcome and is criticized against its less attention on non-financial aspects, which have implications on sustainability of a business firm. As a result of continued studies and debates an integrated reporting framework has been issued by the International Integrated Reporting Council by 2013. Sri Lanka has adopted it. However, practitioners of integrated reporting are still vague on this. This paper attempts to understand the possible reasons for this situation. The research is carried out by with not fieldwork, but analyzing the current version of integrated reporting framework in the context of a theoretical framework. This benefits from Stakeholder theory and stakeholder-agency theory. The analysis reveals that the current practice of integrated reporting based on IIRC’s integrated reporting framework, including initiatives suggested by the Integrated Reporting Council of SrI Lanka are not in the direction of satisfying intentions of reporting on sustainability of a business firm. The paper suggests a path for improving integrated reporting practice.
2017-01-01T00:00:00ZThe Value Relevance of Integrated Reporting: A Quantitative Study of Listed Companies in the Colombo Stock Exchange,Sri Lanka
http://repository.kln.ac.lk/handle/123456789/18866
The Value Relevance of Integrated Reporting: A Quantitative Study of Listed Companies in the Colombo Stock Exchange,Sri Lanka
Deen, F.F.
This paper investigates the value-relevance of information disclosures,
particularly non-financial information presented in Colombo Stock Exchange
(CSE) listed company integrated reports, under a voluntary setting. To draw
meaningful comparisons, the sample size for this study contains 103
companies (cross-sector) “adopting” and “not adopting” integrated reporting
for the period 2016. The research is based on the linear regression analysis. A
modified Ohlson (1995) valuation model was used to test the value relevance
of accounting information (i.e., book value of equity and net income) and nonfinancial
information.
To quantify non-financial information a self-constructed disclosure index was
developed, and measured using the partial compliance approach. The empirical
results implicate both book value of equity and net income are positively and
significantly related to market value. However, in contrast to many findings,
voluntary non-financial information disclosures of integrated reporting show
positive yet insignificant association with market value.
On the basis of these results, it is presumed to be due in parts to the large
portion of ill-informed investors in the CSE incapable of incorporating
disclosure of non-financial information when screening firm performance.
Hence, it is recommended integrated reporting be made mandatory, on a
“comply or explain” basis to alter investor perceptions in paying more attention to the materiality of non-financials, and influencing moral corporate behaviour to create value in the short, medium and long term.
2017-01-01T00:00:00Z