Junior Research Symposia
Permanent URI for this communityhttp://repository.kln.ac.lk/handle/123456789/10236
Browse
5 results
Search Results
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 Impact of Capital Structure on Performance of Listed Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Perera, M.A.K.C.; Wijesinghe, K.D.G.N.This research investigates the impact of capital structure on performance of manufacturing companies’ listed Colombo stock exchange (CSE). Capital structure is the combination of debt and owners’ equity. Objective of this study is to find out relationship between capital structure and firm performance while searching factors which are significantly affect performance of listed manufacturing companies. This study uses panel data of 16 manufacturing sector companies listed in CSE for the period of 8 years (2009 to 2016). The researcher is use descriptive statistics, correlation and multiple regressions for analysis purpose. The researcher develops five models by considering five different performance measurements as dependent variable. Namely; Net profit ratio (NPR), Gross profit ratio (GPR), Return on asset (ROA), Return on equity (ROE) and Return on capital employed (ROCE). Further researcher is uses Debt to equity ratio (DTE), Debt to asset ratio (DTA), Long term debt ratio (LTDR) and Short term debt ratio (STDR) as explanatory variables for the study. Results reveals except long term debt ratio, other explanatory variables have negative relationship with firm performance and all five regression models accept long term debt ratio as significantly effects to firm performance.Item Working Capital Management and Profitability: Comparative Study between Manufacturing Companies and Hotels Listed in Colombo Stock Exchange of Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Patabendige, A.P.D.M.; Abeywardhana, D.K.Y.Working capital is a company’s surplus of current assets over current liabilities, and it measures the extent to which it can finance any increase in turnover from other fund sources (Hill, 2013). Working capital management is relating to maintain a balance between current assets and current liabilities. It ensures the proper liquidity position of the company in order to settle the short term obligations and operating expenses. This study examines whether there is any impact of working capital management on profitability for the selected manufacturing companies and hotels listed on Colombo Stock Exchange (CSE) in Sri Lanka. Profitability measures by using Return on Asset (ROA) and working capital management measures by using Inventory Control Period (ICP), Average Collection Period (ACP), Average Payment Period (APP) and Cash Conversion Cycle (CCC). And also debt ratio, credit ratio and firm size used as control variables. Data collected from the annual reports of selected companies for 5 year period from 2010 to 2014. Data analyzed by using both correlation analysis and panel data regression models. This study compared the manufacturing sector and hotel & travel sector based on the result of the analysis. Based on the findings of this study, ACP has significant impact on profitability for the selected manufacturing firms. That means if a firm spend more time for collect money from its customers, then companies can increase their profits. For the hotel sector, ACP and APP have negative relationship with the Return on Asset and ICP has positive relationship with the ROA. This study suggests that manufacturing companies in Sri Lanka can maximize their profit by increasing the average collection period.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.Item Relationship between working capital management and firm’s profit(Department of Accountancy, University of Kelaniya, 2015) Patabendige, A.P.D.M.Working capital is a company’s surplus of current assets over current liabilities, which measures the extent to it can finance any increase in turnover from other fund sources (Hill, 2013). Working capital management is a managerial accounting strategy focusing on maintaining efficient levels of both components of working capital, current assets and current liabilities, in respect to each other. Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses. Many firms of Sri Lanka are facing many problems due to not having proper working capital management system. This paper reaches for to find the relationship between working capital management and firm’s profit of manufacturing companies. A sample of 10 Sri Lanka firms listed on Colombo Stock Exchange for a period of 5 years from 2010 to 2014 was selected. Objectives of this research is to identify main component in current assets and current liability in manufacturing firms, to evaluate working capital management methods in different companies, to identify the relationship between working capital management and firm’s profit. Collect data from annual reports of companies and visiting web pages of selected companies. Data is evaluated by using simple regression analysis and correlation analysis. Final conclusion of this research is to identify whether there is any relationship between working capital management and firm’s profit and which kind of relationship.