IPRC - 2019
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/20881
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Item Influence of Corporate Governance on Leverage Structure in Sri Lankan Manufacturing Companies(International Postgraduate Research Conference 2019, Faculty of Graduate Studies, University of Kelaniya, Sri Lanka, 2019) Perera, P.; Perera, P.R.M.R.Leverage structure of manufacturing companied provide an indication of the financial health of the company, while number of factors affect the leverage structure decision. Governance is the mechanism that controls decisions of the company that includes leverage structure decisions. The objective of this study is to examine the influence of corporate governance on leverage structure decision making in Sri Lankan manufacturing firms. Data collected from annual reports of manufacturing sector companies for the period from 2014 to 2018 were analyzed using panel data. The study identified board size, board composition, managerial ownership, board independence, institutional ownership and CEO duality as corporate governance attributes to measure their influence on leverage structure decision making. Firm Size and profitability were employed for control purpose. Findings of the study reveal a significant influence of corporate governance attributes of CEO duality and board independence on leverage structure with a moderate effect of firm Size and profitabilityItem Firm Characteristics and Intellectual Capital Disclosure: Evidence from Sri Lanka(International Postgraduate Research Conference 2019, Faculty of Graduate Studies, University of Kelaniya, Sri Lanka, 2019) Weerawickrama, V.; Perera, P.The purpose of this study is to examine the level of voluntary intellectual capital disclosure (ICD) by Sri Lankan listed companies and to evaluate four main company characteristics; industry type, listing age, leverage and auditor type on ICD. In current context ICD has identified as one of the most significant factors in creating and maintaining stakeholder value and gaining competitive advantages for the organization. Majority of these disclosures are qualitative, non-financial and historical oriented. In this study the level of ICD is examined in all non-financial traded companies (222) listed in the Colombo Stock Exchange using content analysis for the period of 2016 to 2018. The results of the study show that; the industry type has a significant impact on the disclosure level while, listing age and leverage did not show any significant influence on ICD. Further, knowledge-intensive and high technology-based industries as well as companies with Big Four auditors showed higher level of ICD than other companies. All other companies except previously mentioned, showed a homogeneous disclosure patterns over time. This study contributes new insights to the existing literature on ICD in Sri Lanka as the first study to consider all listed non-financial companies, while inviting future researchers to conduct more ICD related research for a considerable time period with different content analysis techniques.