Browsing by Author "Madurapperuma, M.W."

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An Analysis of Capital Structure and Its Impact on Performance: with Reference to Financial Institutions in Sri Lanka
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Balendra, V.; Madurapperuma, M.W.
The capital structure of a firm is basically a combination of debt capital and equity capital. Which is deemed as appropriate to enhance its operations. A lot of investigations are being done on the implications of capital structure’s selection on organization’s value and its performance since the seminal work of Modigliani and Miller (1958). A wee little is empirically known about such implications in emerging economies such Sri Lanka. The purpose of this research is to explore empirically the impact of capital structure decisions on the financial sector organizations’ financial performance in Sri Lanka as one of emerging economies. Regression analysis is used in this research to identify the relationship between the leverage level and the performance of the financial institutions. Broad data covering the six year periods from 2009- 2015 of financial institutions in Sri Lanka are gathered and analyzed with the regression analysis. The data all are quantitative in nature and already available on Colombo stock exchange database (secondary evidence). There are sixty Financial Institutions in Sri Lanka and most of them are levered firms. Based on Return on Equity financial performance measurement and financial institutions’ leverage level the results revealed that leverage level has a weak level of negative impact and whilst controlling variable total assets has strong negative impact on organization’s financial performance.
Consumer Attitude on Online Shopping Intention: With Special Reference to Gampaha District in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Samanmalie, M.D.M.; Madurapperuma, M.W.
Consumer attitudes appear to be more influenced by the digital environment as a result of technological advancements and E-commerce activities, which has resulted in the growth of online purchasing activities. In this fast increasing industry, online shopping has become a vital aspect of consumer life, literally putting the consumer in control. The purpose of this study was to ascertain the critical drivers of customer attitude toward internet purchasing in the Sri Lankan environment. The purpose of this study was to offer a conceptual model of consumer attitude toward online shopping intentions by identifying the important components identified in prior research and developing hypotheses appropriately. Numerous studies have been conducted to examine the relationship between consumer attitude and online buying intention, but in the Sri Lankan context, there is a dearth of study on this subject following the pandemic. This study employed primary data from an online survey and evaluated hypotheses using multiple regression analysis and the E-Views program on a sample of 300 Sri Lankan online respondents in the appropriate category during the era of social separation caused by the Covid-19 outbreak. These study findings can aid in the comprehensive understanding of consumer behavior, allowing the online shopping industry to identify the most effective methods for engaging their customers' interest, attracting them to visit websites, and increasing online sales, as well as recommendations for the government to effectively support the online shopping industry in the future.
The Consumer Perception towards Internet Banking Adoption in Sri Lanka (With Special Reference to State Bank Consumers in Gampaha District)
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Fernando, D.T.M.; Madurapperuma, M.W.
Internet Banking offers banks a new frontier of opportunities and challenges in the contemporary global banking market. The demand for internet banking in Sri Lanka is relatively low despite the recent improvements of information and communication technology. This study attempts to investigate an insight into the determinants of the state bank customers’ perception towards the adoption of Internet banking services with paying special attention to the role of perceived ease of use, perceived usefulness, perceived security and risk, relative advantage and compatibility. This study will extend existing body of Internet banking literature by providing rich insight on state bank consumer perception behaviour in Sri Lankan context. A research model grounded on the technology acceptance model (TAM) and Theory of planned behaviour (TPB) model. Data were collected from primary sources and online questionnaire survey is used to gather data from selected random sample of 300 state banking customers who were internet users from Gampaha district. Data analysis procedure will be conducted through the SPSS and E-Views software and Spearman’s rank correlation test will use to measure the relationship since gathered data were in form of Likert type scale and it assess the hypotheses. The findings of this study will expect to make several contributions to the academic literature and the banking industry about the consumer decision process on Internet banking and the results will be important to the banks to strategically plan their products and service offerings.
Determinants of Financial Performance in Micro Finance Institutions of Sri Lanka
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Sudharika, W.P.A.; Madurapperuma, M.W.
Financial sector plays a key role in the economic development. It is generally agreed that a strong and healthy banking system is a prerequisite for sustainable economic growth. Financial sector includes mainly the banking system and the microfinance institutions in the country. Microfinance promises to reduce poverty. To achieve this amazing objective Microfinance institutions have to developed strong enough in financial performance because donor constancy is not a given. Thus the question is: In what extent the MFIspecific, industry-specific and macroeconomic factors determinants the Sri Lankan micro finance industry financial performance from the period 2010- 2015. The study was based on a six years secondary data obtained from annual reports. Regarding the explanatory variables, operational efficiency ratio, debt to equity ratio and capital assets ratio affect MFIs financial performance significantly. The outcome of the study shows that GDP growth rate and the debt equity ratio have positive relationship. But GDP growth rate statistically insignificant effect on their financial performance. The capital assets ratio, debt equity ratio and operational efficiency ratio have statically significant. The Sri Lankan MFIs policy makers and managers should give high concern to the expense management and also the government and policy makers should work combining both poverty decrease and financial self- sufficiency of MFIs. And also MFIs have to emulate profit-making banking performs by effecting a sound financial management and good managerial governance to assure their financial performance and in the long run sustainability.
Does culture impact on Social networks of ethnic, small business entrepreneurs?
(2011) Madurapperuma, M.W.
This paper examines ethnic entrepreneurship in Sri Lanka and the UK by investigating the relationship between the characteristics of ethnic business entrepreneurs and their entrepreneurial experiences. What is worth noting in this study is comparative perspective of composition of networks across cultures. The research will discuss the key themes such as the extent to which ethnic (immigrant) entrepreneurs are embedded in networks. These results have the potential to be generalisable to other similar context, for example South Asians in the US, Canada and Western Europe.
An Empirical Analysis of Exchange Rate Volatility on Foreign Direct Investments in Sri Lanka
(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Ariyasinghe, A.T.T.; Madurapperuma, M.W.
Foreign direct investment is considered as one of key factor in determining factors for its economic growth. However, the macroeconomic environment in the host country must be favorable to attract foreign investment. Exchange rates of its currency against other foreign currencies are one of the main factors that affect the foreign direct investment of a country. The main objective of this study is to investigate the relationship between exchange rate volatility on foreign direct investments in Sri Lanka during the period of 2000 to 2017. Real exchange rate, Real exchange rate volatility, Openness of the economy, GDP per capita, stock of foreign direct investment and political situation were selected as independent variables while foreign direct investment was selected as a dependent variable. Data were collected through annual reports of Central Bank of Sri Lanka and World Bank. Data was analyzed using Vector Error Correction model. The results indicate a negative longrun relationship between exchange rate volatility and foreign direct investment for Sri Lanka. The existence of a short-run association was not Significant in Sri Lanka
An Empirical Study on the Dynamic Relationship between Crude Oil Price and Stock Market Performance in Sri Lanka
(2021) Kavindhya, H.K.H.; Madurapperuma, M.W.
The aim of this study is to examine the dynamic link between the price of crude oil and the performance of the Sri Lankan stock market. Monthly data from January 2011 to December 2020 will be analyzed, containing 120 monthly observations. The All-Share Pricing Index (ASPI) will be utilized as a proxy for stock market performance in this study, while the Brent Crude Oil Price will be used as a proxy for crude oil price. To determine the link between independent and dependent variables in the bivariate and multivariate models, descriptive and regression analysis will be used. This study will determine the effect of crude oil prices on the stock market performance in Sri Lanka using a bivariate model and will determine the effect of crude oil prices on the stock market performance in Sri Lanka using a multivariate model. Additionally, Johansen's cointegration test will be used to determine whether variables are related in the short or long run. This study will elucidate the relationship between oil price volatility and stock market performance. The findings of this study have significant consequences for domestic and international investors, policymakers and regulators, stock market experts, and future studies.
An examination of accounting internship on subsequent academic performance
(science publishing group, 2014) Thilakerathne, P.M.C.; Madurapperuma, M.W.
Increasingly, internship has become an essential component of the undergraduate degree programmes. It provides students with a smooth transition from on-campus environment to the working environment. It is often viewed as a ‘win-win’ situation for both the intern and the intern’s employers. Students are able to learn about the profession and gain practical experience while simultaneously being able to reflect on what they have learned in the classroom. Employers benefit from internships because interns are sources of future employees. The relationship between Internship and academic performance on accounting degree is significantly under-researched. This paper examines the effect of accounting student internships on subsequent academic performance in one of the national universities in Sri Lanka. For this purpose post-internship course unit performance of students with accounting internship experience were considered. Readily available data on internship status, gender and prior achievement of accounting special degree undergraduates were used. Linear regression models were constructed using the data with undergraduates. Research finds that internships do a have a positive impact on learning and higher scores tend to have a higher GPA and gender is negatively correlated with GPA signaling that male students performed better than female students.
Exchange rate volatility and exports : Sri lanka's experience since 1990
(2003) Madurapperuma, M.W.
Exploring Different Perspectives of Strategic Entrepreneurship Construct
(Faculty of Graduate Studies, University of Kelaniya, Sri Lanka, 2016) Mudiyanselage, C.R.; Madurapperuma, M.W.
In recent years, both academics and practitioners have given increasing attention on the question of how to integrate strategic and entrepreneurial management to achieve a better balance between advantage-seeking and opportunity-seeking behavior. However little consensus exists over the meaning of concept of “strategic entrepreneurship” (SE), its constituents and operations. The study examined the literature on entrepreneurship, strategic management and SE to ascertain locus of integration lies between advantage -seeking and opportunity-seeking behaviours and observed factors emerge at the interface SE. The study mainly occupied literature review and the study utilized developmental configuration approach, which is a powerful method for building detailed models consisting of several domains illustrating complicated and interrelated relationships among large number of variables. Investigators framed different components discussed in the literature and empirical model implied that firms which employed an entrepreneurial mind set to explore for opportunities, manages its resource and applies creativity to exploit opportunities strategically and entrepreneurially. The empirical results further supported that SE fully mediated the relationship between entrepreneurial orientation and organizational performance. The study emphasized that it is necessary to consider both the integration and interdependency of its components to synthesize SE at the creation of a framework that could be applied by entrepreneurial managers and established firms to structure and refine their business architecture. Resource management and application of creativity was a main consideration in the literature, and an additional issue was what triggers the process of SE on the one hand and what factors push the firm to pursue innovation as a product of the SE process, on the other. Literatures have remained a gap of results for different level of innovation as a significant factor in constituting SE and firm performance. The review of literature addressed time and spatial considerations associated with “balance” between strategic behaviour simultaneously in a process of SE, ambidextrously using both at the same time, or, do firms draw on entrepreneurial behaviours when necessary to be followed by strategic advantage-building activities and vice-versa. SE facilitates organizational selection processes to evaluate the outcomes of new activities along new performance dimensions and organizations’ resource allocation along established performance dimensions. Empirical studies implicitly explicated managing resources strategically to create competitive advantages. Based on the broad range of components associated with SE and the common themes it shared with literature in the disciplines of entrepreneurship and strategy conceptualization, it was realized that development of SE construct as an unsettled matter.
Factors affecting for Consumer Purchasing Decision in Soft Drink Market (with special reference to youth segment in Monaragala District)
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Kularathna, J.A.A.P.; Madurapperuma, M.W.
In today's competitive business environment, the majority of soft drink marketers have failed to achieve their marketing objectives and are unable to achieve their business goals as predicted, leading in a shift in customer purchasing behavior. The purpose of this study was to identify the most significant factors influencing customer purchasing decisions in the soft drink market and to analyze their relationship using correlation and regression analysis with SPSS. Consumer purchase decisions are considered to be the dependent variable, whereas reference groups and consumer attitudes are considered to be the independent variables. Independent variables were found to have a favorable link with purchasing decisions. Additionally, correlation research revealed that attitudes are key predictors of purchasing decisions. Additionally, the results suggested that the reference group considered in the study had no substantial influence on purchasing decisions. As a result, these insights can be used by the soft drink industry to develop and build new goods that are more focused on their target clients.
Factors Affecting Job Satisfaction of Trainee Auditors: Special Reference Undergraduates of Faculty of Commerce & Management Studies at University of Kelaniya
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Bopearachchi, A.I.P.; Madurapperuma, M.W.
Employees are an organization's backbone. Employee happiness has been critical in recent years in terms of developing and achieving any organization's goals and objectives. Trainee auditors are the newest generation of entry-level professionals in accounting organizations. Satisfied trainees tend to stay in their current field for a longer period of time and achieve greater achievement. The purpose of this research is to determine the characteristics that contribute to trainee auditors' job satisfaction based on supervision, pay, work-life balance, working conditions, and firm size. A review of theoretical and empirical studies is conducted to determine the elements affecting employee satisfaction. The research study will use a random sample of 200 interns from the faculty of commerce and management studies at the University of Kelaniya to represent the overall population. The project will largely collect data using a standardized questionnaire. The variables will be analyzed using descriptive statistics and SPSS. The research findings will highlight the main element affecting trainee auditors' satisfaction levels and the difference in satisfaction levels between big four and non-big four audit firms. This study will add to the audit literature by providing secondary data for subsequent research. The poll will be used to ascertain what is most essential to trainee auditors, where the organization falls short in terms of developing contented employees, and to help influence the industry's future policy formulation.
Factors Affecting on Capital Structure of Sri Lankan Listed Companies in Pre and During the Covid-19 Pandemic
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Samarasinghe, D.G.H.M.K.; Madurapperuma, M.W.
This study aimed to investigate factors affecting the capital structure of Sri Lankan companies listed on the Colombo Stock Exchange (CSE) in pre- and during the COVID-19 pandemic. Every company needs to have a robust capital structure because it significantly impacts the financial decisions adopted by the company. The goal of the company is to effectively manage the debt-to-equity ratio (DER) to maximize shareholder wealth. The study is based on a sample of 30 non-financial listed companies, considering market capitalization. This research used secondary data and data taken from the annual reports during the six years (2017–2022). The independent variables consist of growth, tangibility, size, profitability, and liquidity. The dependent variable is capital structure, which is measured by the debt-to-equity ratio (DER). Panel data regression was employed to analyze the information collected to identify the factors affecting capital structure. Pre-COVID-19 period regression results suggest that company growth has a significant positive impact on capital structure and profitability has a significant negative impact on capital structure. Tangibility, firm size, and liquidity have an impact on capital structure that is insignificant. During the COVID-19 period, results found company growth has a significant positive impact on capital structure and firm size has a significant positive impact on capital structure. Tangibility, profitability, and liquidity have an impact on capital structure that is insignificant.
Factors Affecting the Life Insurance Demand in Sri Lanka
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Premasiri, K.A.A.G.S.S.; Madurapperuma, M.W.
Insurance industry is the one sector in financial system in Sri Lanka. Insurance industry is continuing both long term and general insurance business. Life insurance demand in Sri Lanka has increased significantly in the past decade. Many factors have contributed to the development of life insurance industry including microeconomic and macroeconomic factors. This research, therefore, aimed to study the impact of macroeconomic factors on the life insurance demand in Sri Lanka. Four independent variables were gathered such as GDP Per Capita, Age Dependency Ratio, Inflation Rate and Level of education. (Fortune, 1973; Beenstock, Dickinson, and Khajuria (1986), Fortune (1973), Truett and Truett (1990), Beck and Webb (2003) from the literature to do this study. Further, factors were selected to be statistically examined for their potential impacts on life insurance demand, which was represented by the amount of all directly earned premium of total life insurance demand by all insurance companies in Sri Lanka, were gathered from Central Bank Annual Report. Secondary data resources from 2013 to 2020 will be employed. Unit roots, cointegration and error correction model will be used to analyze the data. The findings of this study will be useful for the Policy makers in order to get the better decision relating to regulate and maintain life insurance industry in the Sri Lanka.
Female Labor Force Participation; Evidence from Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Priyadarshani, S.A.G.; Madurapperuma, M.W.
The aim of this study was to ascertain the micro-level determinants that prevent females from entering the labor market. One of the least discussed issues in Sri Lanka is the decline in female labor force participation and the causes underlying it. Numerous studies have been undertaken in recent years to address this issue, but this dissertation focuses on identifying numerous macro level factors that have led to the fall in labor force participation. This study will be thoroughly reviewed and significant efforts will be made to overcome them expeditiously in order to encourage women to participate more actively in the national economy by increasing female labor force participation. The study used a descriptive time series research design. The study is descriptive in nature because it aims to determine how, where, and why female labor force participation changes in response to various circumstances. The study's unit is the women of working age population in Sri Lanka from 1990 to 2020, who are at least 15 years old. This study will utilize secondary data from the Department of Census and Statistics' Labor Force Surveys (LFSs) and Central Bank of Sri Lanka publications (CBSL). This study will employ a quantitative methodology to examine hypotheses. This study will contribute to improving work quality and identifying strategies for increasing female education levels.
Foreign Direct investment and Economic Growth in Sri Lanka
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Jayarathna, S.P.H.S.; Madurapperuma, M.W.
Foreign Direct Investment an increasingly important channel for developing countries to enhance their economic growth. Sri Lanka is also not an exclusion to this exercise. Existing studies shows that FDI inflows are useful in refining the production process in the host country. In addition to that some studies shows that FDI inflows will contribute to quality exports and the economic growth of Sri Lanka. This research is designed at finding the impact of FDI in promoting economic growth in Sri Lanka by using the time series annual data from 1950 - 2020. Unit root test, cointegration and the Vector Auto Regression models will be employed to estimate the impact of FDI on economic growth. The E-views-08 software were used for data analysis. The foreign direct investment, Gross domestic product Labor force, domestic investment trade openness will be used to investigate the impact of FDI on economic growth. The findings of this study will suggest that how FDI influence on economic progress in Sri Lanka. Finding will further provides a useful indication to the policymakers in order to gear up the barriers for the economic growth of Sri Lanka.
How to transfer heavy losses while smiling to the shareholder
(Department of Accountancy, University of Kelaniya, 2014) Abeykoon, A.M.M.S.; Madurapperuma, M.W.
Identifying the Issue by Using Audit Trail Report
(Department of Accountancy, University of Kelaniya, 2016) Arachchi, K.A.H.S.K.K.; Madurapperuma, M.W.
PQR (PVT) Ltd is one of the leading companies in Construction & Engineering sector which is importing and selling raw material for building constructions. The company uses Quick Book Accounting Software to record daily transactions.
Impact of Accounting Practices on Organizational Performance of Small and Medium Enterprises in Sri Lanka (Gampaha District)
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Ranshani, M.M.A.T.; Madurapperuma, M.W.
Accounting practice is defined as the typical way a business entity's day-to-day financial actions are gathered and recorded. There is some empirical evidence that could be found to identify whether the accounting practices would impact the organizational performance of SMEs. Therefore, this study attempted to explore how accounting practices affect the organizational performance of SMEs. This study adopted a quantitative research approach. Thus, a self-administered survey questionnaire was applied to a sample of 220 Small and Medium Enterprises (SMEs). The sample was determined using the random sampling technique. The data were collected from the respondents through Google Forms. The multiple linear regression analysis was performed using the SPSS 20.0 version to test the hypothesized impacts between the constructs. According to the results, it is revealed that record keeping, budgeting practices, and inventory management have a significant positive impact on organizational performance. In contrast, payroll accounting did not significantly affect the organizational performance of SMEs. It can be recommended that academic institutions and other bodies that are responsible for SMEs should organize training programs for those operators who do not have the technical knowledge of how to apply accounting practices in the field of accounting and provide some SME-specific accounting guidelines and forms for capturing accounting practices for the operators to use.
Impact of Bank-Specific and Macroeconomic Determinants on Commercial Bank Profitability: with Reference to Systematically Important Private Commercial Banks in Sri Lanka
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Samarathunga, S.M.D.S.S.; Madurapperuma, M.W.
Bank-specific and Macroeconomic factors have substantial repercussions on the performance of commercial banking sector in Sri Lanka, the favorable macroeconomic environment seems to stimulate higher profits. (Weerasainghe V.E.I.W & Perera T.R, 2013).The return on Assets which is a major measure of performance of commercial banks is a function of bankspecific determinants and macroeconomic determinants. A proper functioning of banking system facilitates a rapid economic growth enhancing savings and investments. The performance of the Sri Lankan commercial banks, measured by the Return on Assets (ROA) appeared to be stronger in the recent past without facing any significant fluctuations. This paper examined the impact of bank-specific and macroeconomic determinants on the profitability of licensed commercial banks. The study uses quarterly data from 2010-2015 relating to the bank-specific and macroeconomic indicators of commercial banking profitability by carrying out a multiple panel regression. According to empirical results, Macroeconomic determinants, gross domestic production rate and inflation rate found to be having a significant impact on the bank profitability with a positive relationship between the Return on Assets of a bank. The results further show that bank-specific factors of past period performance, net interest margin, bank size, liquidity risk, credit risk and capital adequacy have contributed significantly to the profitability of the commercial banks. The implication of the study is that efficient management of the bank-specific factors and implementation of favorable economic policies lead to an economic growth can contribute immensely to uplift the performance of the banking industry in Sri Lanka.