Browsing by Author "Thilakasiri, K.K."

Now showing 1 - 11 of 11

Analysis of Stress on Employees’ Productivity: A Study based on Air Force Officers in Sri Lanka
(Department of Human Resource Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2014) de Silva, R.D.; Thilakasiri, K.K.
Job stress is became one of the main challenges faced by many organisations. It is usually occurs when employees cannot cope with pressure or tension of assigned task. It can be considered as one of the factors which influence the work behavior of employees. Work behavior of an employee can be affected due to stress either in positive or negative way. Negative impact of employees’ work behavior due to stress might contribute to lower employees’ productivity ultimately affecting organization performance. According to AIS (the American Institute of Stress) report, $ 300 billion spend annually due to accident, absenteeism, turnover, medical, legal, insurance costs and workers’ compensation as a result of job stress. The main aim of this study is to identify most significance stressor and also to analyses its effect on employees’ productivity. Descriptive survey was adopted as the research design of the study. This study has been conducted based on Sri Lanka Air Force with reference to three bases. The primary data were collected through a questionnaire survey from 67 Air Force officers. The results of the study indicate that over workload (.332**), excessive responsibility (.495**), poor relationship (.518**), meet deadline (.494**), and harassment (.558**) are statically significant factors in predicting the level of stress in Air Force officers. Educational level and civil status are most significant demographic factors affecting the level of stress. Finding of the study shows that there is a low positive relationship between stress and productivity.
Causal Relationship between Macro Economic Variables and on Firms Profitability. Evidence from: Banking Sector in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Biyagama, M.D.; Thilakasiri, K.K.
Banks play a vital role in Sri Lanka's financial system because they provide the entire economy with liquidity while changing the risk characteristics of assets. The performance of commercial banks can be affected by internal and external factors which can be classified into bank specific (internal) and macroeconomic variables. Number of Sri Lankan banks have faced financial crisis therefore many banks have been bankrupted in near past. This study focused on the effect of macroeconomic factors on the profitability of private commercial banks in Sri Lanka for12 years’ period from 2009 to 2020. Panel data regression analysis has been used to analyze the secondary data, that were collected from annual financial reports of selected companies and annual reports from central bank in order to answer the research questions. Inflation Rate (IR), Exchange Rate (ER), GDP growth (GDP) taken as independent variables. and return on assets (ROA) is considered as dependent variable. It was used Pearson’s correlation analysis and regression models to investigate the relationship among macroeconomic indicators and performance of commercial banks, data were analyzed using E- Views packages. The findings of the study will provide useful insights to the interest parties for purpose of decision making.
Effect of Corporate Social Responsibility on Consumer Behaviors of Banking Sector of Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Dissanayake, D.M.A.C.; Thilakasiri, K.K.
Corporate Social Responsibility is not a new trend of current business environment in Sri Lanka. Consumer Behavior is different from each other, and consumers behave different in same manner. Sri Lankan Banking Sector has involved to the Corporate Social Responsibility in current context for facing to the competitive business environment. The study aims to identify the effect of Corporate Social Responsibility on Consumer Behaviors in the Banking Sector of Sri Lanka. In addition, the study is expecting to analyze the existing of corporate Social responsibility in Banking Sector of Sri Lanka. The study used one hundred respondents of random consumers of Banking sector in Sri Lanka asking with questionnaires about Corporate Social Responsibility activities. Five banking sector entities were interviewed to collect qualitative data on Corporate Social Responsibility of banking sector of Sri Lanka. Data were analyzed using Statistical Package for the Social Science (SPSS). The results exhibit that the Corporate Social responsibility of banking sector influence on consumer behaviors. But the impact of Corporate Social Responsibility on consumer behavior was not generated same level of effect.
The Impact of Capital Structure on Financial Performance: With Special Reference to The Beverage Food and Tobacco Industry
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Dhanasekara, M.S.R.; Thilakasiri, K.K.
Capital structure decisions are very important for all the business companies as it directly affected to companies’ financial performance. Capital structure is the mix of the debt and the equity capital that can be used to finance firms’ assets. The focus of this study to examine significant impact of capital structure on financial performance for the beverage food and tobacco industry listed in Colombo stock exchange. Further it examined the relationship between capital structure and profitability and liquidity. This research used firm size as a control variable to identify the relationship between firm size and capital structure in the beverage food and tobacco industry. Population of this study is all 50-beverage food and tobacco companies listed in Colombo stock exchange. The sample of this research is consisting with 20 beverage food and tobacco companies which are listed in CSE Sri Lanka. Random sampling method is used for identifying the research sample of this study. This study covers from 2015 to 2019 time period. All the data for this research is taken from secondary data sources. This study uses quantitative methods to analyze the annual reports using various models and ratios to provide quantitative data to the study. After collecting the data, analysis will be doing by descriptive statistics, multiple regression, correlation analysis, and testing the assumptions. E-views will be used as a software in analyzing data.
Impact of Corporate Social Responsibility on Financial Performance of Non-Financial Companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Rajapaksha, U.G.G.N.; Thilakasiri, K.K.
Corporate Social Responsibility (CSR) is an important concept in the business world. The main objective of this study is to identify the impact of CSR on financial performance of listed non- financial companies in Sri Lanka. Number of studies in this area have identified different impacts between the CSR and financial performance as positive, negative and no impact. Current study is used the secondary data from 2015 of the 100 listed non- financial companies of Sri Lanka. Secondary data is collected from annual reports and websites of the selected listed non-financial companies. The data was analyzed by using regression analysis. The financial performance of the company was measured by using ROA, ROE & EPS, as well, CSR disclosure was measured by using GRI Guidelines and firm size identified as a control variable. The findings of this study would be help to contribute for the prevailing literature through analyzing those relationships and will support to establish a better opinion for CSR in Sri Lankan context for the interested parties who are seeking to study or to be adopted on CSR.
Impact of Inventory Management on Financial Performance of Listed Beverage, Food & Tobacco Companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Silva, D.H.N.; Thilakasiri, K.K.
The inventory of a business is a significant part of the current asset in most of the industries. In order to avoid losses resulting from stock deficits and surpluses, managing of such inventories is useful for the business process. The main objective of this study is to find out the relationship between inventory management and financial performance of beverage, food and tobacco companies in Sri Lanka. A quantitative research approach is adopted to this study and financial data obtained from the published annual reports of 42 listed beverage, food and tobacco companies in the Colombo Stock Exchange for a period of 5 years from 2016 to 2020. In this regard, correlation and regression analysis are used to analyze the data by using E views software. Inventory turnover, inventory conversion period and inventory leanness have been identified as independent variables as well as operating efficiency, firm growth and firm size as control variables. Financial performance has been identified as dependent variable and measured through return on assets and cash flow from operations. The findings of this study would be important in providing guidance to the management in beverage, food and tobacco companies on inventory management and financial performance.
Impact of Inventory Management to the financial Performance: evidence from listed Manufacturing Companies in CSE in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Rahman, N.A.; Thilakasiri, K.K.
Inventory management is an important tool for improving the performance of manufacturers. Proper inventory management can improve productivity and customer satisfaction. The main objective of this survey is to examine the relationship between Sri Lanka's inventory management and listed manufacturing companies. The study used 25 listed manufacturing companies in companies as the sample of Colombo Stock Exchange. Secondary data was collected from the annual reports of selected companies for seven years from 2013 to 2019. Performance was measured in terms of assets (ROA), turnover (ITO), days in stock (NID) and operating cycle. (OC) is used to measure inventory control, and company size (FS) and sales growth (SG) are considered controllable variables. Data were analyzed using the Eview package under descriptive statistics, correlation analysis, and regression analysis. The results shows that ITO has a significant positive effect on ROA. And a significant negative association was found between NID and ROA, but OC has little negative effect on ROA. Furthermore, it is suggested that FS and SG have a positive effect on ROA, but the relationship between SG and ROA is not significant. However, overall inventory management has a significant impact on a company's performance.
Impact of Ratio Analysis on Financial Performance: Evidence from Listed Manufacturing Companies in CSE
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Kelumdeniya, A. H.; Thilakasiri, K.K.
Financial ratios can be considered as a regularly used measure of assessing the financial performance of entities. In volatile business environment, financial ratios play a vital role in assessing the financial performance in several industries. Therefore, it is important to analyze the effect, it will have on the financial performance of manufacturing sector companies which are listed in the Colombo Stock Exchange. The main purpose of this study is to investigate on how the ratio analysis will impact on financial performance by considering listed manufacturing companies in CSE by taking various ratios. In order to carry out this quantitative research, the data is collected from published annual reports of 30 manufacturing companies for a period of 6 years (2015-2020). The data is analyzed using E views software. Current ratio, Debt to Equity ratio, Earnings per share ratio and Total Assets Turnover ratio are the independent variables while the Firm size is the control variable. The dependent variable is the Net profit margin. By conducting this research study, it provides an insight for future investors to make informed decisions and the findings of this study will enable the future researchers to get an idea for further improvements.
The Impact of Sustainability Reporting Practices on Company Performance in Listed Companies in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Rathnayaka, G.R.; Thilakasiri, K.K.
Sustainability becomes a very crucial issue for corporate world today. The interest of investors in socially responsible investment has rapidly grown over past years. Thus, sustainability has potential to influence company performance. This study aims to identify the impact of Sustainability Reporting Practices on Financial Performance in listed companies in Sri Lanka. Further it examined relationship between Return on Equity (ROE) and Sustainability Reporting Practices. This research has selected the 5 industrial sectors Food, Beverage & Tobacco, Energy, and Material. Consumer Services and Banks as the population. Samples were selected 50% of total number of companies from above sectors based on at Colombo Stock Exchange (CSE) by using random sample method. This study covers five financial years which is from 2016 to 2020. All the data for this research is taken from secondary data sources. In this research consider about the four independent variables using GRI Index. Return on equity and return on Investment select as dependent variable of this study. The data is further analyzed using descriptive statistics which describes the mode, median and standard deviation. Correlation coefficient analysis, Regression analysis, ANOVA and R Square techniques used for this study use investigate the effects of sustainability reporting for the financial performance.
Moderating Effect of Corporate Governance on the Relationship Between Corporate Social Responsibilities and Firm Financial Performances in Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Muthumalika, K.D.S.; Thilakasiri, K.K.
With the growing competition in the business world, firms adopt different strategies to stand against the competitors and survive in the market. Corporate social responsibility (CSR) being one of the key area of concerns, which also business trend nowadays to excel over others. Previous studies mostly analyzed the topic of CSR and firm financial performance and further most of the research have been done their research about CSR, firm performance and corporate governance with related to developed countries not in the developing countries like Sri Lanka. Then therefore, it needs to do more investigations to fill the gap. The objectives of this study were to determine the impact on CSR activities on firm financial performance and if the corporate governance shape the relationship between CSR and firm’s financial performance. The data is collected from annual reports of 50 listed companies based on highest market capitalization which are listed in Colombo Stock Exchange in Sri Lanka for the period of 2017-2020 and by using GRI G4 Sustainability Reporting Guidelines CSR index was developed to measure the CSR practices. Selected companies are representing all business sectors except Banking, Finance, and Insurance companies. Findings of this study will be helpful for identify how well the firms have adhered to introduce corporate governance codes in Sri Lanka and Study will motivate companies to pay more attention on good corporate governance practices and CSR activities which contribute to enhance wellbeing of employees, society and environment and ultimately increase the firm performance.
The Relationship Between Corporate Social Responsibility and firm Performance in Listed Companies in CSE
(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Madushani, B.V.I.; Thilakasiri, K.K.
CSR is a board concept that may take several forms depending on the company and business. The benefit of CSR is many, companies create good reputations, minimize environmental impacts, attract prime talent and encourage innovation. The purpose of this study is examined whether CSR activities influence firm performance based on a longitudinal survey for listed companies in CSE. Research Question of this research is what the relationship between CSR and firm Performance in listed companies is and what are CSR activities in listed companies in CSE. And aim to fill a gap in the field of CSR exploring performance relationships of firms with the potential to find new insights for governments and entrepreneurs within developing countries. This study Give an opinion about relationship between corporate social responsibility activities and firm performance of listed companies in CSE in Sri Lanka. Data was collected from secondary sources such as annual reports, Sustainability report and other related publication. Sample size of the study is 100 listed companies in CSE. And period covered from this study is from 2017 to 2020. Independent variable was CSR (Social Economic environments) dependent Variable is firm performance. To Measure the CSR used GRI Guidelines and to measure the firm performance used to Tobin s Q and ROA used to Measure the firm financial performance. And control variable is firm size. Generation of final outcome of this research is quantitative research data is using descriptive method. In describing the company CSR and firm performance descriptive analysis, Correlation and regression analysis are employed as statistical tools to analyze the data. The results show that there is a significant positive relationship between CSR activities and firm performance of listed companies in CSE.