ICARE 2018
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/19607
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Item Non - Interest Income and Performance of Commercial Banks in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Karunarathne, W.G.S.M.; Aruppala, W.D.N.Non interest income of banks improve the total income, since banks can expand the source of income by diversifying their income while reducing business risks. Accordingly, non-interest income is an extra source of income for commercial banks which is essential to enhance their profitability. ATM technology, personal lending and loan quality are among the main microeconomic factors driving the performance in non-interest income in the commercial banking sector. This study investigated impact of non-interest income on bank performance in case of licensed commercial banks in Sri Lanka for the period of 2007 to 2017. 26 licensed commercial banks were selected as sample of the study. The study conducted based on secondary data which was collected from audited annual reports and published database of the Colombo Stock Exchange and data analyzed by using E-Views statistic software. The results reveal that relying on non-interest income activities may adversely affect bank performance. Findings suggest that only a small proportion of banks present an increase in efficiency level with inclusion of non-interest income, while no significant changes are seen on most banks’ efficiency levels. Also, further finds that the relationship between the share of non-interest income to the net operating revenue and the bank efficiency score is not significantItem Influence of Market Power on Leverage of Listed Manufacturing Companies in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Kumari, R.A.R.N.S.; Aruppala, W.D.N.Main purpose of this study is to investigate whether there is any impact of market power on leverage of listed manufacturing companies in Sri Lanka. Because manufacturing sector has grown faster and number of companies also more than any other sector in Sri Lankan economy. The population of the study is forty companies and thirty five companies are selected, based on the data availability for the study. Annual reports of the listed manufacturing companies from 2013 to 2017 were used as the secondary data source to collect data. Profitability, Growth and tangibility are used as independent variables and leverage is the dependent variable. Data analysis conducted by using Eviews statistical package and several statistical measures such as descriptive analysis, correlation analysis and panel data regression analysis. The study has proved that there is a significant and positive relation between market power and leverage. Profitability & tangibility remained significantly negative with leverage whereas growth remained significantly positive with leverage. The study generates valuable insight in the area of market power and leverage as little is known in Sri Lankan context.Item Demand of Market Share Price: Evidence from Listed Banks in Colombo Stock Exchange(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Indunilmini, E.A.I.; Aruppala, W.D.N.This research motivates to study the extent to which firm-specific determinants and macroeconomic determinants to stock prices of listed banks in Colombo Stock Exchange. The relationship of internal factors and external factors has become one of the most researched areas among accounting researchers. However the relationship between firm-specific determinants, macroeconomic determinants and stock price in different stock exchanges including both developed and developing market settings whilst there is very limited knowledge in this regard in Sri Lankan context. Hence this paper focuses to analyze the bank-specific factors and macroeconomic factors on investor’s decisions. The purpose of this paper is to find out the internal and external determinants on investor’s decisions and to examine the relationship between these two types of determinants and stock price. The population of the study comprises of listed seventeen banks in Colombo Stock Exchange for ten years during the period 2008-2017 and collected data from the website of central bank and annual reports of banks. This paper uses Market Share Price as dependent variable and Dividend Payout Ratio (DPR), Net Interest Margin (NIM), Interest Rate (INT), Inflation Rate (INF) and Gross Domestic Product (GDP) use as independent variables. Correlation analysis and multiple regression analysis are used to find out the relationship and impact of independent and dependent variables. The results shows that there is significant positive relationship between GDP and the market share price and significant negative relationship between interest rate, inflation and the market share priceItem Financial leverage and Firm Performance: Evidence from Sri Lankan Beverage, Food and Tobacco Companies(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Imalka, H.A.; Aruppala, W.D.N.This study investigates the effect of firm leverage and product diversity towards the financial performance of Sri Lankan Beverage, food and tobacco companies. Beverage, food and tobacco companies listed in Colombo Stock Exchange (CSE) for the period of 2011 to 2017. Financial leverage was considered as the independent variable and a financial performance was considered as the dependent variable. Accordingly debt to equity ratio & debt to asset ratio was used to measure the financial leverage and ROA; ROE & EPS were used as measures of financial performance. Product diversity was used as the moderating variable of this study. The secondary data obtained from corporate annual reports of sample companies were used in this study and descriptive statistics, correlation and regression analysis were used to analyses data of this study. Results of the study show a positive relationship between financial leverage and financial performance. Thus, alternative hypothesis which proposed as there is a relationship between financial leverage and firm performance was accepted and rejected the null hypothesis which proposed as there is no relationship between financial leverage and firm performance. Findings conclude that Beverage, food & tobacco sector companies of Sri Lanka can enhance their financial performance and profitability margins by having proportion of leverage in their capital structures