Symposia & Conferences
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Item The Influence of Tangibility on Leverage of Listed Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Sewwandi, W.M.; Aruppala, D.The asset structure of companies matters on financing decisions. Although, the choice of the debt in capital structure is important for all firms, the scale effects may influence the degree of influence of particular financial theories upon capital structure. The study investigates the impact of tangibility on capital structure of listed companies in Sri Lanka. Tangibility, Market power, Profitability & Growth are considered as independent variables and Leverage is the dependent variable of this study. All listed companies registered in Colombo Stock Exchanges considered as the population of this study and five (05) sectors are select as the sample based on the market capitalization. Annual reports of the selected companies from 2015 to 2019 were used to collect data. This study applies panel data analysis using E- views. Further the study will identifies other capital structures determinants and players which impact the capital structure choices in Sri Lanka. Further findings may identify which of the firm’s characteristics that have significant effect on capital structure based on theories in the context of Sri Lankan listed firms. Due to the lack of studies done pertaining to this area in Southeast Asia & none of studies done pertaining to this area in Sri Lanka, this study may generate valuable insight in the area of tangibility and leverage as in Sri Lankan context. Further the finding of the study will provide useful for the capital structure decisions of the company.Item Corporate Governance and Firm Performance: A Study of Sri Lankan Beverage, Food and Tobacco Companies(University of Kelaniya, 2014) Kawshalya, P.; Aruppala, D.Corporate governance is a highly discussed topic which received the attention of corporate world during the last decade due to the paramount importance embodied within it for the company performance and stability. Basically corporate governance means the set of rules by which management of the company is directed and controlled. It attempts to ensure that managers and other insiders of an organization take measures or adopt mechanisms to safeguard the interest of stakeholders. With the global financial crisis which affected many of the world business giants, companies are highly concerned to improve their corporate governance practices and therefore today researchers also have a great awareness to carry out researches in this area. However currently in Sri Lanka context less researches available on Corporate Governance. This study focuses on “Corporate Governance and Company Performance” considering all Beverage, Food and Tobacco companies listed in Colombo Stock Exchange as at December 2013. Data was analyzed using the data of financial year 2012/13. Data was analyzed using SPSS statistical software and hypothesis were tested performing descriptive statistics, correlation analysis and regression analysis for collected data. According to the findings of the research corporate governance does not make a significant influence on companies ROE, ROA and EPS. Thus, study concludes that the determinants of corporate governance used in the study are not correlated to the performance measures of the organization.