Browsing by Author "Farook, T.N."

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    The Effect of Disclosure of Corporate Social Responsibility on Financial Performance in Manufacturing Companies: from Manufacturing Companies in Sri Lanka
    (Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Farook, T.N.; Rajapakse, R.M.D.A.P.
    Today’s competitive and dynamic market environment has formed new set of tasks for any business which are not only connected to economics. To survive and grow, firms must connect the gaps in economic as well as social systems. Maximizing shareholder wealth is every time important, but satisfying that condition alone is no more valid in computing the financial success. Corporate Social Responsibility is significant and fundamental to the sustainable functioning of businesses. Similarly, financial performance is undoubtedly fundamental to the continued functioning of any company. The purpose of this Research is to study the relationship between corporate social responsibility disclosure percentage and the financial performance of manufacturing companies in Sri Lanka. Sample of study is the highest share volume of 20 companies listed in the Colombo Stock Exchange (CSE) in the manufacturing sector and data were collected over a five-year period from 2011 to 2015, this study explores and tests the significant of the relationship between corporate social responsibility disclosure percentage and financial performance. According to the result of the significant relationship between corporate social responsibility (CSR) disclosure percentage and financial performance. According to that that Sri Lankan listed manufacturing firms should step up their Corporate Social Responsibility programs and disclosures most especially environment, community, employee, and consumer responsibilities. Because of Corporate Social Responsibility is impact to the Corporate Performance as significantly.
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    The impact of total quality management practices on performance and competitive advantage
    (Department of Accountancy, University of Kelaniya, 2015) Farook, T.N.
    This empirical study examines the association between Total Quality Management ,performance and competitive advantage. The article investigates the impact of Total Quality Management on performance and competitive advantage, following the evolution during a ten years. This study supports the hypothesis that Total Quality Management practices positively impact the performance and competitive advantage. The study reports that successful adoption and implementation of Total Quality Management practices results in improving the performance and competitive advantage of organization. The main implication of the findings for managers is that with Total Quality Management practices, manufacturing organizations are more likely to achieve better performance in customer satisfaction, employee relations, quality and business performance than without Total Quality Management practices. And competitive advantage focuses on performance variables revenues, market share, product quality and customer satisfaction. This study supports the hypothesis that Total Quality Management practices positively impact the performance and competitive advantage. Questionnaire using for collected data from the private organization in Sri Lanka and tested proposed model. The results of this study supported a model proposed.