Junior Research Symposia
Permanent URI for this communityhttp://repository.kln.ac.lk/handle/123456789/10236
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Item The Effects of Total Quality Management Practices on the Business Performance of Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Kumari, S.A.L.N.; Thilakarathne, P.M.C.Organizations in the world have been exploring ways of improving quality to increase business performance in order to gain competitive advantage (Ferdousi & Shabnam, 2013; Jha and Joshi, 2010). As a result of that many businesses in the world are practicing Total Quality Management (TQM) in order to increase business performance and gain competitive advantage (Ferdousi & Shabnam, 2013). Therefore, this study investigates that the effect of TQM practices on the business performance of manufacturing companies in Sri Lanka. The sample was selected by using random sampling method. Conceptual framework and hypothesis are tested by using questionnaire mail survey. The research is basically based on the primary data collected using a questionnaire. The findings suggest that TQM determinants have significant correlation with business performance. Moreover, results in multiple regression analysis revealed that top management commitment, supplier quality management and strategic quality planning are positively related with the business performance. Hence, result indicates that manufacturing companies should emphasize greater attention on top management commitment, supplier quality management and strategic quality planning. Therefore, this study has important impact for the top management. According to the major findings of the study, top management have to increase their commitment and effort on the day to day operations. Moreover, suppliers’ input quality is essential in producing quality output. Further, strategic quality planning on quality decisions is also very much essential in enhancing business performance.Item The Impact of Working Capital Management on Profitability in Listed Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Bandara, A.B.M.M.H.; Thilakarathne, P.M.C.Working Capital Management has its influence on liquidity as same the profitability. Several studies (Deloof, M., 2003., Raheman A and M Nasr, 2007.),given emphasizing the importance of the short-term finance in firms. The purpose of this research is investigates the impact of working capital management on profitability of manufacturing companies in Sri Lank? The trend in working capital needs and its implication to profitability of firms are examined to identify the causes for any significant differences desirable among the industries. Hence the present study was used regression analysis to examine the hypotheses frame worked for the period of seven years from 2010-2016 with the total 182 observations and data collected from annual financial statements. Working capital management were measured using inventory period, trade receivable, trade payable, cash conversion cycle and current ratio. Return on assets applied to measures of profitability Found of this study showed a positive significant relationship between inventory turnover period, trade receivable period, and significant negative relationship with ROA. These findings of the study can be used cash conversion cycle enhancing it will lead to reducing profitability of the firm, and managers supports to create a positive value for the shareholders by reducing the cash conversion cycle to a possible minimum level. The study also finds a significant negative relationship between accounts payable and profitability which is consistent with the view that less profitable firms delay long time to pay their bills.