Browsing by Author "Premarathna, W.G.I.D."

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Impact of Sustainability Reporting Practices on Firm Performance: with Special Reference to Banks in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Ranathunga, Y.W.H.C.K.; Premarathna, W.G.I.D.; Tennekoon, S.T.M.S.
Purpose: The Impact of Board composition and Ownership structure on Dividend policy is one of the major concerns in Sri Lanka. The main objective of the study is to examine the impact of Board composition and ownership structure on firm’s Dividend policy of 41 listed companies on the Colombo Stock Exchange of Sri Lanka, over the period from 2016 to 2021. Purpose: The objective of this study is to examine the impact of sustainability reporting practices on firm performance in banks in Sri Lanka. Design/Methodology/Approach: The research is quantitative and used deductive research logic, based on secondary data from 20 licensed commercial banks and 04 licensed specialized banks that are registered with the Central Bank of Sri Lanka for seven years from 2015 to 2021. Return on Assets and Tobin’s Q are the dependent variables whereas Sustainability Reporting Score consisting of economic disclosure, environmental disclosure, social disclosure are the independent variables of this study. STATA version 13 Statistical package was used to analyze data using panel regression. Findings: According to the study's findings, environmental disclosure and social disclosure have significant impact on the return on assets, whereas economic disclosures have no significant impact on the return on assets. Further, social disclosures have a significant impact on Tobin’s Q. However, economic disclosures and environmental disclosures have no significant impact on Tobin’s Q. Moreover, the most influencing factor for sustainability reporting practices on firm performance was environmental disclosures. Originality: This study contributes to the existing literature by identifying the current state of sustainability reporting in licensed commercial banks and licensed specialized banks in Sri Lanka and the trend of sustainability reporting in Sri Lanka over the past seven years.
The Impact of the Intellectual Capital on Firms’ Financial Performance and the Market Value: Evidence from the Listed Companies in the Colombo Stock Exchange
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) De Mel, V. N. S.; Premarathna, W.G.I.D.; Tennekoon, S.T.M.S.
Purpose: The purpose of this research was to examine the impact of intellectual capital on firms' financial performance and market value. Design/Methodology/Approach: Intellectual capital was measured using the value-added intellectual capital coefficient and hence, human capital, structural capital, and capital employed efficiency were used as the components of the independent variable of Intellectual capital. The dependent variables of the study were firm's performance and the firm's value which were measured using return on assets and market to book value respectively. Secondary data were collected over the period of 2017 to 2021, from the annual reports of highest market capitalized companies from each sector of the GICS classification. Data of the research was analyzed by using the e-views software. Findings: The panel data regression analysis revealed that there is a positive significant impact of human capital, structural capital, and capital employed efficiency on firm’s performance. Further, the analysis confirmed the existence of a positive significant of human capital, structural capital, and capital employed efficiency on firm's value. Originality: The finding of this research will be beneficial to the management of the company to make decisions relating to intellectual capital, human capital development, knowledge management, and to prepare a succession plan for the organizations.