ICARE 2021
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/24724
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Item The Impact of Sustainability Reporting on Financial Performance Evidence from Listed Companies in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Wasala, W.M.A.P; Munasinghe, M.A.T.K.With the United Nations emphasis on sustainable development goals, corporates around the world increasingly report on sustainability performances and commitments. At present most corporates in Sri Lanka tends to adopt this concept through their corporate reporting. Accordingly, the study focuses on the impact of sustainability reporting practices on the financial performance of 60 companies listed across 19 sectors in the Colombo Stock exchange. In this study, Environment disclosure (ENV), human rights & Economic disclosure (ECO) and Social disclosure (SOC) have been taken as independent variables. Financial performance as calculated by returns on shares (ROE) and returns on assets (ROA) have been used as research dependent variables. Organization size and Firm age were also used as control variables in the study. The study considered annual reports and stand-alone sustainability reports published on the company’s website from 2018 to 2021. Panel data regression is used to analyze data using E-views software. This research will help to understand the impact of sustainability reporting practices on firm performance for Sri Lankan listed companies.Item Financial Service, Internal Audit, Fraud Management, Organizational Status, Internal Audit Competence,(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Tharaka, A.B.S; Munasinghe, M.A.T.K.Environmental issues are one of the most crucial global concerns the world has currently to address and which has become most critical recently. To respond to higher consumer awareness about the seriousness of environmental issues and the value of environmental protection, an increasing number of hotels are revising their operations by implementing eco-friendly practices. On the other hand, Sri Lanka is one of the fastest – growing tourists’ destinations in the world and tourism has traditionally been the third largest foreign exchange earner in Sri Lanka. Thus considering the value of environmental protection and the importance of hotel industry as a top foreign exchange earner, this study problematizes the influence of hotel’s green practices on tourist’s perceived value, satisfaction and loyalty. Accordingly, the objective of this study to identify the influence and the relationship between ‘green’ initiatives and the tourists’ value perception, satisfaction and intentions to revisit the hotel and to spread positive word-of-mouth (WOM). A quantitative study will be constructed based on questionnaires. Data will be collected from a sample of foreign and local tourists who visited the selected hotels which were awarded National Sustainable Tourism Certification in 2019 by Sri Lanka Tourism Development Authority. Data will be analyzed by using correlation & coefficient analysis, multiple regression analysis and descriptive statistical analysis. The findings of this study will provide useful insights for managers for devising green marketing strategies for the hotel sector and encourage managers to pay more attention to environmental initiatives as an essential tool.Item Internal Audit and Fraud Management in the Financial Services Sector Based on Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Sepala, P.H.N.H.; Munasinghe, M.A.T.K."This can't happen here," - a reality? Fraud can happen anywhere. In the modern era, organizations are more concerned about internal audits as well as external audits because to minimize financial abuse. Internal auditing is a core function in detecting and preventing fraudulent activities. This study aims to study the relationship between internal audits and fraud management. Accordingly, this study, examines the internal audit organizational status, internal audit capabilities, and the contribution of internal audit activities to the fraud management of financial services companies in the Sri Lankan context. The target population for this study was defined as the 80 currently traded financial service sectors firms in Sri Lanka and data collected from systemically important banks namely, Bank of Ceylon, Commercial Bank of Ceylon, Hatton National Bank, People's Bank, Sampath Bank, Seylan Bank and they hold 78 percent of the banking assets and get total of 210 responses were collected from a questionnaire survey. In terms of findings, the results show that internal audit organization status, internal audit capabilities, and internal audit activities are important predictors of fraud management. Also highlighted is that each financial service sector's concern about internal audit and forensic accounting is a value-added function of an organization and gives more attention to that area in the modern era. The findings is expected to contribute to the existing literature and fill the gap in relation to developing countries. The results are important for internal audit managers, internal audit policymakers to empower internal audit function in their organization. As far as authors are aware, no research has hitherto been undertaken that investigates the individual contribution of internal audit organization status, competence, and its activities as internal audit constructs on fraud management in the Sri Lankan context. In future, more research is needed to further understand the contribution of the internal audit structure to fraud management in other sectors such as the public sector and also other industries.Item The Effect of Corporate Social Responsibility on Customer Loyalty: A Study on Sri Lanka Telecom PLC(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Samindika, W.M.M.; Munasinghe, M.A.T.K.Corporate Social Responsibility is used by many organizations as a marketing tool and Customer loyalty is one of the most essential consumer behaviors that companies seek to influence. Organizations are not well aware of the involvement of companies in Corporate Social Responsibility activities and how consumers feel about such activities. Therefore, the purpose of this study is to investigate whether the effect on Corporate social responsibility on customer loyalty, A study on Sri Lanka Telecom PLC. This study examines the effects of CSR activities on the four antecedents of customer loyalty. Such as, Customer Satisfaction, Customer trust, Service Quality, Brand Image and development hypothesis based on this. This study aims to identify how the CSR activities influence the different aspects of customer loyalty in special reference to the Sri Lanka Telecom PLC. All the Sri Lanka Telecom customers in the Gampaha district will be concerned as the population of this research and sample will select using a simple random sampling method. This study uses primary data of structured questionnaires for the data collection process and statistical data analysis will be performed in SPSS software. From the findings of this study, SLT can identify how the customer loyalty of their CSR activities and this research is most relevant to both customers and the business organizations to obtain information about CSR and customer loyalty.Item Impact of Accounting Practices on Performance of the Small & Medium Enterprises: Evidence from Colombo District(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Preethimali, E.B.M.P.; Munasinghe, M.A.T.K.Small and Medium Enterprises are an important segment in many countries including Sri Lanka, due to its contribution towards the economic growth. Accounting can play a major role in SMEs successes as it does for corporates. However, little is known in this regard. Accordingly, the key purpose of this study is to identify the impact of accounting practices on the financial performance of small and medium-sized enterprises. A sample of 40 SMEs were selected from the Colombo District depending on the accessibility and time constraints. Data collected through questionnaires were analyzed using descriptive statistics. As findings reveals that financial reporting practices affect to the financial performance of SMEs in Sri Lanka. This study findings will be useful for Small and Medium Enterprises in Sri Lanka to improve the performance of the firm.Item Non – Performing Loans Determinants and Impact of Covid-19: Evidence from Banking Sector in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Madhushan, S.A.H.; Munasinghe, M.A.T.K.Non-performing loans (NPLs) are considered as a critical factor affecting bank credit policies and credit performance. This study aims to investigate on Non- Performing Loan (NPL) determinants in Sri Lankan banking sector. This study will specifically consider on bank specific factor and economic factors which determine NPL and consider the impact of COVID-19 on Non-Performing Loan in banking sector as well. The study has been conducted with a sample of 10 license commercial banks in Sri Lanka over the period of 2010 to 2020. Non-performing loan rates will be measured through the gross NPL ratio which are published by individual banks on their annual reports. Both primary and secondary data will be used in this study. Secondary data will be used to identify the determinants of nonperforming loans and the primary data will be used to assess the impact of Covid-19. Secondary data will be gathered by using individual banks websites, Colombo stock exchange and official website of Central Bank of Sri Lanka as well as primary data will be collected from bank employees (-working in the capacity of credit officers, marketing officers, branch managers and area managers-). Descriptive statistics, data screening and regression analysis will be used to analyze secondary data and correlation & coefficient analysis, multiple regression analysis and descriptive statistical analysis will be used to analyze primary data. The findings of this study will be important to the officers who set long term economic plans in Sri Lanka as well as to banks’ officers to reduce non-performing loans and manage the credit decisions in the banking sector.Item The Impact of Corporate Governance Characteristics on Environmental Disclosure Level – Evidence From listed Companies Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Kumarapeli, M.S.; Munasinghe, M.A.T.K.In the twenty-first century, environmental accounting and reporting has become a critical component of a company's external information system. Companies have been influenced to operate in an environmentally responsible manner by increasing pressure on them to be socially responsible. The purpose of this study is to investigate the relationship between environmental reporting and corporate governance attributes of companies in Sri Lanka. The corporate governance attributes include board size, board independence, CEO duality, managerial ownership and women representation selected through code of best practice on corporate governance issued by CA Sri Lanka in 2017. In addition, control variables used are firm size and profitability. The paper adopts a quantitative analysis approach. It examines the annual reports during four years from 2018, 50 companies. Those represent industries of retailing, capital goods, material, consumer service, and food, beverage, and tobacco sectors listed on Colombo stock exchange. A checklist of items based on the Global Reporting Initiative guidelines is used to analyze environmental disclosures. Environmental disclosure items are extracted from annual reports and sustainability reports using content analysis. The study examines the relationship between corporate governance and environmental disclosure using stakeholder theory, agency theory, and legitimacy theory. The data are analyzed using correlation and multiple regression analysis of E views statistical software. This research will provide empirical evidence for Sri Lankan regulatory bodies, policymakers, and company strategists to improve corporate governance mechanisms and environmental disclosure levels of listed companies.Item The Relationship between Corporate Social Responsibility and Firm Performance; Evidence from Licensed Commercial Banks in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Koshila, A.M.C.; Munasinghe, M.A.T.K.Organizations continually report on corporate social performances and existing studies provide evidence of the relationship between CSR and firm performance. However, CSR disclosures and its influence on bank performance, especially in the context of Sri Lanka is not known. Therefore, this study aims to identify the impact of CSR and bank performance in Sri Lanka. The purpose of this study is to identify the relationship between CSR and bank performance. The methodology involves a content analysis of such disclosures mapped with the global reporting initiatives (GRI) index. The main categories are economic, social and environmental indicators. Firm performance is measured by using profitability and firm value. Profitability is measured by using return on asset (RoA). The firm value is measured by using earning per share (EPS) and firm size is used as the control variable. The sample includes twelve (12) licensed commercial banks in Sri Lanka. Data was collected by using annual reports over five years period from 2016. The finding of the research will be useful for licensed commercial banks to gain an understanding on direction and impact of CSR on their financial performances which can be considered in CSR performances and spending.Item The Impact of Sustainability Reporting on Company Financial Performance in Different Industry Sectors – Evidence Form Listed Companies in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Jayasinghe, S.H.; Munasinghe, M.A.T.K.Sustainability reporting has become a trend in recent years. Sustainability report reveals non-financial information on three elements which are Environmental performance, Economic performance, and social performance. This research study attempts to examine the relationship between sustainability reporting and company financial performance. The research study consists of 40 companies listed in 08 different industries in Colombo stock exchange during the period of year 2015 to 2020. The independent variables are environmental performance disclosures, economic performance disclosures, and social performance disclosures. These variables are measured by means of sustainability disclosure index. Sustainability Reporting Guidelines from Global Reporting Initiative (GRI G4 Guidelines) is used as the basis of calculating the Index Score. The dependent variables are Return on Asset (ROA), Return on Equity (ROE), and earning per share as a measure of performance. To conduct this study secondary evidence method will be used to collect necessary data. Company annual reports and sustainability reports are used as secondary evidence. Uses regression analysis and statistical package E views to analyze the data. And also, to measure the check list, will use One-Zero method.Item Board Involvement in Corporate Sustainability Reporting: Evidence from Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2021) Gunarathna, M.M.C.P.; Munasinghe, M.A.T.K.Organizations can decide what should be disclosed and what should be left out of their sustainability report, and this decision is made by the board of directors. Prior studies have found different types of relationships between an organization's sustainability reporting and the characteristics of the board of directors. The goal of this study is to determine the association between board characteristics and sustainability reporting of Sri Lankan-listed firms over the five years from 2016. This research relies on secondary data which was collected from annual reports of listed companies in the Colombo Stock Exchange. The sample of the study consists of have been consecutively disclosed their sustainability information various business industries. The study adopts a quantitative approach. Multiple Regression model, Correlation model, and Descriptive Statistics are planned to use to test the hypothesis and find out the strength and direction of relationships. By examining the composition of the board of directors, shareholders may make informed judgments about their investments, and firms can efficiently manage internal changes. The findings will assist Sri Lankan corporations in determining board characteristics in order to strengthen sustainability disclosures.