Accountancy
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Item The Influence of the Exchange Rate on the Banking Sector’s Stock Returns: Some Evidence from the Greek and Sri Lankan Stock Markets(Journal of Management Sciences and Regional Development, 2001) Thilakarathna, P.M.C.Item Determinants of group cohesiveness in military units in Sri Lanka(Sabaragamuwa University of Sri Lanka, 2006) Gunasekere, U.L.T.P.Item Determinants of Academic Performance of Accounting Undergraduates(University of Portsmouth, United Kingdom, 2007) Ranjani, R.P.C.; Karuanarathne, W.V.A.D.; Weligamage, S.S.Item Seasonality Effect of Emerging Stock Markets: Evidence from Sri Lanka(University of Portsmouth, UK., 2007) Thilakarathna, P.M.C.; Amarasiri, K.P.M.M.; Abeywardena, D.K.Y.Item The Validity of Economic Value Added, Market Value Added and Traditional Financial Accounting Measures: An Empirical Study on Listed Companies in Colombo Stock Exchange(University of Portsmouth, United Kingdom, 2007) Karunarathne, W.V.A.D.; Sujeewa, G.M.M.Item Seasonality effect of emerging stock markets: evidence from Sri Lanka(University of Portsmouth, UK, 2007) Thilakarathna, P.M.C.; Amarasiri, K.P.M.M.; Abeywardhana, D.K.Y.The origin of share trading in Sri Lanka was date back to the 19th century. The Colombo Stock Exchange (CSE) has been one of the best performing stock markets in the Asian region, recording the best ever turnover statistics and a record-breaking growth rate of 35% per annum from 2001 to 2005. Thus returns generated by stock market supersede investment returns of all other competing investment avenues. In addition, the CSE possesses a state of the art infrastructure and a fully automated screen based online share trading system. These attributes have established the CSE as a world class market return of efficiency and fairness. Out of well-admired calendar anomalies this research investigates the existence of seasonality effect of Colombo Stock Exchange (CSE) over 17 years period: 1st January 1994 through 31st March 2007. Seasonal anomalies of stock prices are one of the most actively researched areas in Financial Economics. Seasonality Effect suggests that the share prices tend to behave differently depending on the day of the week, month of the year and following holidays. The majority of the research was confined to the developed capital markets with some research conducted on Asian stock markets. However, none of these studies included the CSE, despite the recent development in the market. Therefore, the main objective of this research is to fill a longstanding research gap in this area. This study employs the logarithmic form of nondividend adjusted daily return data of the All Share Price Index (ASPI) and use the multivariate regression models with adjustments to control the influence of other events to stock returns and to avoid some of the restrictive assumptions that are inherent to the model. The importance of such adjustments needs to be stressed in order to avoid spurious conclusions. The results indicate the presence of day of the week effect during the period under study with highest (positive) and lowest (negative) returns are observed on Fridays and Mondays respectively. Therefore, it could be concluded that the stock returns in CSE are not in agreement with the Random Walk Hypothesis. This finding will lead to a trading strategy that investors buying shares should avoid Fridays and those wishing to sell should avoid Mondays.Item Investors Attitudes and Investment in Unit Trusts: A Case Study of Sri Lanka(University of Portsmouth, United Kingdom, 2007) Thilakerathne, P.M.C.; Abeywardhana, D.K.Y.Item Software of Mind and Advertising Effectiveness: A Cross Cultural Study of Advertising Effectiveness(University of Portsmouth, United Kingdom, 2007) Udagedara, R.M.U.S.Item Relationship between Type of Residence and Undergraduates’ Academic Performance(University of Portsmouth, United Kingdom, 2007) Weligamage, S.S.Item හෙළ වෙලහෙලඳාම් හී සාක්ෂි(Sesatha Publishers, 2007) Jayasena, M.K.Item The Fit between National Culture, Organisational Culture and Management Practices and its Effect on Employee Satisfaction and Commitment(University of Portsmouth, United Kingdom, 2007) Ranjani, R.P.C.; Udagedara, R.M.U.S.Item Seasonality Effect of Emerging Stock Markets: Evidence from Sri Lanka(University of Portsmouth, United Kingdom, 2007) Thilakerathne, P.M.C.; Amarasiri, K.P.M.M.; Abeywardhana, D.K.Y.Item Ownership concentration and firm performance: Evidence from selected listed companies in Sri Lanka(Sri Lanka Association for the Advancement of Science, 2009) Weligamage, S.S.Item Social Network of Entrepreneurs & Small Business Growth(Economic & social research Council, University of Oxford, UK, 2010) Madurapperuma, M.W.The use of social network is considered an important development factor for the entreprneursial firm. Previous research has focused on the role of the entrepreneur in network building or structural characteristics of networks. This study address the different questions: Do different types of network positions influence differently on firm performance? Which types of network positions are crucial to overcome growth barriers?Item ‘Social Network of Entrepreneurs and Its impact of small business growth’(International Council for Small Business Word conference. Cincinnati, Ohio, USA., 2010) Madurapperuma, M.W.This paper explore the differences and similarities in the composition and structure of entrepreneurial social network at various stages of venture development and explore the impact of entrepreneurs social capital on business performance. Structural embedddeness (i.e. Configuration) of an entrepreneurs’ social network and the relational embeddedness (i.e.-strength) of those relations are considered. Based on 101 entrepreneurs in small retail businesses, this paper presents evidence indicating that different network configuration are associated with the mobilisation of different types of resources and also show different evolutions. Hierarchical regression results shows that after controlling for the most economic factors Strong diversified regular ties play a key role in explaining the business performance. This research contributes a deeper knowledge and understanding of network characteristics of small retail businesses for accessing resources which in turn influence on business performance.Item An Empirical Study of Herzberg’s Two Factor Theory with Operational Level Employees of Private Banks in Sri Lanka(2011) Gunasekare, U.L.T.P.; Kulathunga, K.M.K.N.S.Item Best financial practices analysis and efficiency of small financial institutions: Evidence from cooperative rural banks in Sri Lanka(2011) Jayamaha, A.; Mula, J.M.Many small financial institutions (SFIs) in developing countries make great effort to provide efficient services to poor house holders. It is generally accepted that maintaining the best financial practices which are of importance in corporate governance mechanism of institutions, has a close relationship with the efficiency of financial institutions, although they are small. This paper seeks to test best financial practices of cooperative rural banks in Sri Lanka (CRBs) and whether these practices have a significant impact on the efficiency of these institutions. The financial practices of CRBs was assessed using ratios of capital adequacy, liquidity, asset quality, loan to deposit, profitability, loan portfolio yield, operational efficiency, and operational self-sufficiency. The efficiency of CRBs in Sri Lanka was examined by using Data Envelopment Analysis (DEA). Based on the data extracted from CRBs’ financial statements, correlation coefficients showed that several ratios have significant associations with the efficiency of CRBs. This confirms that efficient CRBs maintain best financial practices which contribute to their higher levels of efficiency.Item Social networks of entrepreneurs and small business growth(University of Reading, 2011) Madurapperuma, W.Small businesses are regarded by policy makers and academics alike as being significant sources of wealth creation, employment generation and innovation. Yet, few small businesses grow. One possible way of explaining why so many businesses do not succeed is through the notion of 'barriers'. Social networks can mitigate those barriers. Previous studies on networks typically identify and predict what kinds of networks affect firm success, rather than attempt to explain how or why this is the case. This thesis' aim is to elaborate on the understanding of the impact of networks on small business growth. To achieve this aim, a qualitative study was conducted on 107 ethnic, small business owners in Sri Lanka and 86 South-Asian ethnic, small business owners in the United Kingdom using semi-structured interviews. The purpose of the study was three-fold: firstly, its purpose was to examine how and why small business networks develop, from the perspectives of ethnic, small business entrepreneurs, secondly, to explore whether and to what extent the effect of the institutional context on social networks differed between the UK and Sri Lanka, and thirdly to explore what the implications of these differences had for business performance. Data was analysed using non-parametric statistical techniques. First, the study examined how and why small business networks developed. The results supported the conflicting pattern from the literature and were able to reconcile it. The analysis confirmed that access to different resources required different types of relations in terms of density and ties strength. Next, the research found ethnic entrepreneurs in the UK and SL show institutional differences in trust and social network characteristics. Finally, the findings suggested that the relationship between networks and small business growth is mixed. While structural characteristics of advisor and business network are more robust in explaining sales performance in the UK, relational characteristics of advisor and business networks are more forceful in explaining sales performance in Sri Lanka. These findings imply that successful entrepreneurs are those who can develop the right kind of relationship with others. The result of this research indicates the value of studying small businesses owned by a particular ethnic group and the importance of gaining a greater understanding of ethnic entrepreneurship. - See more at: http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.553031#sthash.E083PJru.dpufItem Does culture impact on Social networks of ethnic, small business entrepreneurs?(2011) Madurapperuma, M.W.This paper examines ethnic entrepreneurship in Sri Lanka and the UK by investigating the relationship between the characteristics of ethnic business entrepreneurs and their entrepreneurial experiences. What is worth noting in this study is comparative perspective of composition of networks across cultures. The research will discuss the key themes such as the extent to which ethnic (immigrant) entrepreneurs are embedded in networks. These results have the potential to be generalisable to other similar context, for example South Asians in the US, Canada and Western Europe.Item Budgetary process and organizational performance of apparel industry in Sri Lanka(2012) Silva, L.M.D.; Jayamaha, A.The budgetary process has been a part of management control system of the organization. This process encourages managers to plan, consider the stakeholders involved, provides information for improved decision making, increases and enhances communication and coordination among departments, and for evaluation. This paper seeks to evaluate budgetary process of apparel industry in Sri Lanka (BPA) and see whether budgetary process has significant impact on performance of such industry. The budgetary process of apparel industry was assessed by using variables such as planning, coordination, control, communication and evaluation. The performance of apparel industry in Sri Lanka was examined by using Return on Assets. Based on the data extracted from apparel industry’s financial statements, correlation coefficients and regression analysis showed that budgetary process have significant associations with the organizational performance of apparel industry in Sri Lanka. This confirms that efficient apparel companies maintain sound budgetary process which contributes to higher levels of organizational performance.