Browsing by Author "Mendis, T."

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Analysis of Corporate Governance theories and their implications for Sri Lankan companies
(University of Kelaniya, 2011) Mendis, T.
During the past 02 decades various scholars, researchers and investors have demonstrated a high degree of exigency to accentuate the importance of Corporate Governance in the private sector organizations. Recent corporate scandals such as World.Com that shook the economic foundations in those countries, have reiterated the importance of enacting sound Corporate Governance practices in the private sector companies. In Sri Lanka too, several corporate entities dramatically collapsed in the recent past due to poor Corporate Governance practices causing much amusement and disgust in the investor community and the stakeholders. With the competition becoming stiff and fierce around the world, introduction of sound Corporate Governance practices has become of paramount importance. Hence this research paper which examines the various established theories such as the agency theory, stewardship theory, stakeholder theory, theories of hegemony, legal theory, Anglo-US Model, the Cadbury Code etc., critically analyses and suggests implications especially focusing on the private sector companies in Sri Lanka. This paper adopts the theoretical normative perspective and is based on the theories related to Corporate Governance. The analysis reveals that a typology of Corporate Governance theories can be developed by using 03 dimensions evincing concern for shareholders, directors‟ duties and accountabilities and the managerial capabilities of the corporate management of a company. Critical analysis further unveiled that theories and codes that were evolved in the last decade paid greater emphasis towards “Directors” than the other two dimensions. The concepts and contents discussed in these theories can easily be executed in order to enhance the degree of Corporate Governance in quoted companies in Sri Lanka. A limitation of this paper is that it focuses only on the management perspective rather than on the financial perspective, and discusses only the established theories and codes.
Analysis of methodologies adopted in empirical Corporate Governance research: An exploratory effort to select the appropriate methodology for Sri Lanka
(University of Kelaniya, 2011) Mendis, T.
Identifying the components and measuring them to ascertain the effectiveness of Corporate Governance has been a phenomenal and perennial issue. A major reason for this is that recent literature suggests diverse dimensions of Corporate Governance such as ethics, transparency, accountability, directors‟ intellectual capital, auditor effectiveness, degree of democracy in the board, magnitude of the independence of the directors, etc. Measuring these elements poses a challenge to any researcher due to the abstract nature of the components and the complexity of the behavioural attributes of the directors. Hence this research paper is designed to critically analyse the different types of methodologies adopted by researchers in identifying and measuring the Corporate Governance construct. This research is exploratory in nature as it resorts to existing and available literature from given disciplines such as Corporate Governance, Strategic Management, Sustainability and Business Performance, etc. The analysis reveals that components of Corporate Governance have been identified mainly through triangulation that has been mapped out by validating the literature with practicing directors. The hypothetico deductive method has been the most commonly adopted research approach in Corporate Governance. Questionnaires designed to gather data have been on quantitative terms with a Scale of Likert to measure such components. Another revelation is that the companies that are active in the respective stock markets during the preceding 2-3 years have been selected for the sample. This paper focuses on the techniques used to identify the components of Corporate Governance and the methodologies adopted in empirical research to measure such components.
Explanation of resource use pattern between North Central and Northern part of central highland in the early historic Sri Lanka
(University of Kelaniya, 2013) Mendis, T.; Withanachchi, C.R.
Many academic researchers who worked on the history of Sri Lanka marginalized and underrated the use and exchange of resources in the country. On a regional scale, Northern Malayarata (Northern part of Central Highlands) and Nuwarakalawiya (North Central Province) has received less attention in these studies. The use and exchange of the natural resources between the mentioned regions have not been widely discussed, but existence of such in Early Historic Period (300 B.C. A.D) are evidenced by inscriptions. The present study discusses the matter using archaeological evidence, epigraphic data as well as literary sources. The Northern region of the central highlands of the country is rich in mineral sources. According to geological studies the Upper Kala Oya system originating from the Northern Central Highlands is rich in minerals such as amethyst, feldspar, mica and various types of quartz. Metal deposits were recorded vicinity of Nalanda. For a long period of time, people of the country used these resources and from the Early Historic period metal workmen have contributed to the Northern Highlands. The inscription at Bambaragala mentions a village called Kolagama (Koligama), which is a settlement of metal workers. Also, Early Brahmi inscriptions in Wegiriya devalaya and Nalanda provide evidence about lapidary and gem industry. Artisans and merchants obtain these minerals from the deposits in highlands and sub markets in peripheral small towns of Anuradhapura done a great role in supplying to the central markets at city. Also minerals such as agate, carnelian, lapis lazuli, onyx, etc. imported from foreign countries to Anuradhapura were distributed to highland areas via these same gateways. Further, it can be seen that there were certain population groups such as Parumaka, Gahapathi, Bharata, Gamika, etc. who handled the industry as evidenced by inscriptions.