Browsing by Author "Senarathna, K.A.H.K."

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Impact of human capital to success of a business in Sri Lanka
(Department of Accountancy, University of Kelaniya, 2015) Senarathna, K.A.H.K.
Human capital refers to knowledge, skills and abilities acquired by an individual through education and work experience. When considering the whole business context it can be seen human capital is the best factor businesses have. Although companies are having many resources, its management cannot proceed business towards the success without good combination of human capital. All other factors are used for the business process by involving the human capital. Human capital increases the capability of owners to perform the generic entrepreneurial tasks of discovering and exploiting business opportunities (Shane and Venkatraman, 2000). This paper refers to identify the combination of human capital and success of a business in Sri Lanka. Owners with higher human capital should be more effective and efficient in running their business than owners with lower human capital. When it comes to the Sri Lanka, as a developing country there are lack of financial resources in the Sri Lankan business context. Therefore Sri Lankan businesses have to maintain a good usage of human capital in order to get maximum contribution of other recourses. The effectiveness of other business resources mainly based on the effectiveness of the human capital. The study expect that that there is positive relationship between human capital and success of a business
Impact of Macroeconomic Variables on Sectorial Share Price Indices in Sri Lanka
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Senarathna, K.A.H.K.; Rathnasiri, U.A.H.A.
In the present turbulent environmental setting in Sri Lanka, it is paramount important to investigate the fluctuations in share prices with the changes in different macro-economic variables. The objective of this research is to investigate the relationship between macroeconomic variables on sectorial share price indices in Sri Lanka. Sectorial price indices from six business sectors were selected as dependent variable. Exchange rate, Treasury bill rate (Interest rate), Consumer Price Index (Inflation rate) and money supply were selected as independent variables. Multiply regression analysis was carried out to investigate the relationship between macroeconomic variables and sectorial share price indices by using monthly data from 2006 to 2015. Analysis revealed that macro-economic variables had significant influence for variation of sectorial share price indices in Sri Lanka. Moreover the study showed that money supply is most influential factor to determine the sectorial share price indices for all selected sectors. Exchange rate and Interest rate were showed significant negative impact on share prices for all selected sectors. The study gives meaningful insight to prevailing literature and it gives practical implication for investors, stock market regulators and policy makers and makes foundation for future research to study the macroeconomic variables on different sectors separately.