Symposia & Conferences
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Item Public Debt and Economic Growth: Comparison among Sri Lanka, India and Bangladesh(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Udayangi, W.P.; Perera, W.T.N.M.Public debt is one of the main macroeconomic indicators that show a country's position in the global market. This research endeavors to conduct a comparative analysis of the relationship between public debt and economic growth among three prominent South Asian nations: Sri Lanka, India, and Bangladesh. Each country possesses unique economic dynamics, making it imperative to scrutinize the impact of public debt on economic growth within this regional context. This study aims to examine whether an increase in public debt has a positive or negative effect on the economic growth rate in these nations. Three South Asian countries namely Sri Lanka, India, and Bangladesh were selected as the sample of this study. Data will be collected from mainly World Bank Indicators for the period from 1975 to 2021. In this study, descriptive and analytical research designs were primarily used to analyze the data. This research study is composed of five independent variables representing Domestic debt, long-term external debt and short-term external debt, and interest payment. The major findings of this research are the independent variables domestic debt and external debt have negative coefficients of -1.62379 and -0.28379 respectively. But, domestic debt appears to have no significant effect. Also, the research found that there is a positive relationship between long-term external debt, short-term external debt, and interest payment with countries' economic growth. The research emphasizes the necessity for tailored debt management strategies and fiscal policies suiting the specific economic conditions of Sri Lanka, India, and Bangladesh. Understanding the unique dynamics of debt and economic growth in each nation is crucial for formulating effective policies that foster sustainable development.Item The Impact of the Intellectual Capital on Firm’s Financial Performance: Evidence from the Listed Consumer Service Companies in the Colombo Stock Exchange(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Thennakoon, U.P.D.M.; Perera, W.T.N.M.This research study explores the impact of the value-added intellectual capital (VAIC) and financial performance within Sri Lanka's consumer service sector (listed on the Colombo stock exchange). Using statistical methods in E Views 08, the study examines the effects of three major events the COVID-19 pandemic, the 2019 Easter Sunday assaults, and difficult economic circumstances on the financial dynamics of 37 selected companies throughout the period of 2017 to 2023. Following the COVID-19 epidemic, worldwide upheavals impacted Sri Lanka's commercial environment, posing hitherto unseen difficulties such as strained supply chains, lower consumer spending, and operational limitations. The attacks on Easter Sunday created additional complexity and had an impact on consumer behavior and investment confidence in a number of industries. of addition to the external shocks, the study is further complicated by the wider economic conditions of Sri Lanka, which are characterized by structural problems and budgetary difficulties. The study evaluates the elements of intellectual capital and how they affect return on equity (ROE) using the VAIC framework. The study aims to provide a thorough understanding of how intellectual capital interacts with and potentially mitigates the impact of external shocks on the financial performance of consumer service industry companies in Sri Lanka by placing the findings within a larger economic framework and taking external events into consideration. By illuminating the complex dynamics that influence the financial results of businesses functioning in demanding and dynamic environments, the research's findings add to the body of knowledge and aid in actual decision-making.Item The Impact of Risk Management on the Profitability of Commercial Banks in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Sandamali, D.D.K.; Perera, W.T.N.M.In today's complicated and dynamic financial environment, risk management is essential for banks. It is essential for maintaining banks' financial stability, preserving their good name, and building shareholder and consumer confidence. Banks may overcome various obstacles and continue to be viable over the long run by implementing effective risk management procedures. Therefore, this study shows a willingness to analyze the impact of risk management on the profitability of commercial banks in Sri Lanka based on empirical data and knowledge gaps in this field. A conceptual framework was created to assess the extent to which the impact of risk management on the profitability of commercial banks was investigated based on a literature review. The data was collected from published annual reports for the period of 2013 to 2022 of commercial banks in Sri Lanka. Therefore, this study is quantitative. The data analysis included descriptive analysis, correlation analysis, and regression analysis and was analyzed by using E-views Software. These research findings revealed that as a result, the findings' generalizability is limited. The study established a significant impact of independent variables of credit risk, operational risk, and interest rate risk on the dependent variable of profitability of commercial banks in Sri Lanka.Item Sustainability Reporting Practices on Financial Performance in Listed Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Priyadarshana, W.M.K.L.; Perera, W.T.N.M.Today, sustainability is a critical issue for the business world. Investors' interest in socially responsible investment has grown rapidly in recent years. As a result, sustainability has the potential to impact company performance. This study investigated the impact of Sustainability Reporting Practices on Financial Performance in Sri Lankan listed companies. Data was gathered from annual reports of CSE-listed companies in five industries: manufacturing, plantations, beverage and tobacco, construction and engineering, and power and energy. The samples covered 6 years from 2016 to 2022. The Annual Reports and Accounts of these companies were taken from the CSE website. Other secondary data and information were collected from textbooks, journals, the internet, etc. Statistical analysis revealed that compliance with Sustainability Reporting would have a significant impact on the Organization's Financial Performance. These findings imply that enterprises in Sri Lanka, and presumably other locations, stand to benefit from implementing and improving Sustainability Reporting Practices. This increases openness and accountability and places the firm in a business landscape where sustainable practices are gaining popularity. The paper's recommendation for the implementation of sustainability reporting practices serves as a strategic guideline for businesses seeking to align their operations with the growing demand for responsible and sustainable business practices, fostering both financial success and positive societal impact. As a result, the paper recommends that Sustainability Reporting Practices be established to provide a foundation for improving the firm's performance.Item The Effect of Covid -19 on the Profitability: Evidence from Commercial Banks in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Nisansala, H.N.; Perera, W.T.N.M.This study aimed to evaluate the financial performance of the banking sector during the COVID-19 pandemic. We analyze the pre- and post-COVID situation and evaluate the impact of the situation. The sample of this study includes annual reports of 15 banks currently operating in Sri Lanka under the Central Bank of Sri Lanka. This research used secondary data, data taken from financial reports, and annual reports issued by companies. The independent variable is banking profitability measured using Return on Equity, depending on variables consisting of nonperforming loan ratio, loan-to-deposit ratio, liquid asset ratio, interest rate, debt-to-equity ratio, and capital adequacy ratio. Qualitative descriptive panel data analyses were used to analyze the information in the reports to analyze the pandemic's impact on banking performance. The formulation of the regression model is used to analyze the data. Covid 19 hit the banking sector in a critical way in every country. Researchers gathered pre- and post-COVID situations data through commercial banks' annual reports to investigate during covid and post covid situations. The results show significant differences between the commercial banks' profitability measures at various stages of the pandemic. Important variables that impact banks' financial success include interest rate fluctuations, client behavior changes, government actions, and the effectiveness of risk management plans. The study's conclusions are beneficial not only to the banking sector but also to stakeholders, regulators, and policymakers who are developing plans to strengthen financial institutions' ability to withstand unexpected events in the future. In the end, the research hopes to add to the conversation on how global health crises and financial stability interact by offering practical advice for overcoming obstacles and promoting long-term development in the banking industry.Item Determinants of Financial Literacy of Management Undergraduates; Evidence from University of Kelaniya(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Madhushika, D.L.D.; Perera, W.T.N.M.Financial literacy is the ability of individuals to manage their finances, make wise financial decisions, and establish long-term plans. The significance of financial literacy has increased as economies change, and financial markets become more complicated. This is especially pertinent for recently graduated students who are getting ready to turn into professionals and commence their professional careers. Consequently, establishing a strong foundation in financial literacy becomes crucial for university students' long-term financial well-being and success in job markets both domestically and internationally. This research study is conducted to identify the existing level of awareness of financial literacy and the factors that influence to financial literacy of management undergraduates of Sri Lanka. The researcher explored several previous research articles relating to the financial literacy of management undergraduates. According to the conceptual framework of the study, the dependent variable is financial literacy, and the independent variables are demographic factors, educational factors, and personality factors. The researcher collected data from the 250 final-year management undergraduates of the Faculty of Commerce & Management Studies at the University of Kelaniya by distributing a structured questionnaire. The researcher has conducted a multiple regression analysis to analyze the collected data. According to the research study's findings, the students have basic knowledge in financial literacy and other practices. Further, it was discovered that financial literacy positively correlated with age, gender, and family income. However, it is interesting to observe a negative correlation between financial literacy and educational variables. Moreover, it was revealed that there is a significant positive correlation between financial literacy and personality factors such as financial behavior, financial attitudes, and financial knowledge.Item Factors Influencing Accounting Students’ Career Paths in Sri Lanka: Evidence from University of Kelaniya, Colombo and Sri Jayewardenepura(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Gunathilaka, L.D.L.R.; Perera, W.T.N.M.This research paper aims to identify the factors influencing accounting students' career paths in Sri Lanka. Using a quantitative approach, the study employs a structured questionnaire administered to accounting undergraduates from the University of Kelaniya, the University of Colombo, and the University of Sri Jayewardenepura. The sample size of 327 is determined using the Morgan Table, considering a population of 2,000, a 95% confidence level, and a 5% margin of error. The key findings reveal positive relationships between intrinsic motivation, the influence of third parties, and career exposure with accounting students' career paths. However, extrinsic motivation does not exhibit significant relationships. The study's conclusions emphasize the importance of intrinsic motivation, external influences, and exposure in shaping accounting students' career paths. Limitations include the study's focus on three state universities in Sri Lanka, cautioning against broad generalizations. These findings suggest that universities should focus on fostering intrinsic motivation, providing career counseling, and offering internship opportunities to enhance accounting students' career development.Item Analyzing the Impact of Behavioral Biases on Stock Investment Decision Making: Evidence from Sri Lanka Individual Investors at CSE(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Dissanayake, S.; Perera, W.T.N.M.The objective of this study is to analyze the impact & relative importance of several prominent behavioral finance variables covered by the behavioral financial literature (overconfidence, loss aversion, risk perception, and herding) on stock investment decision-making at the Colombo Stock Exchange (CSE). This study's significance stems from the fact that local studies focusing on behavioral finance are rare, and thus the researchers believe that such research will raise awareness in this domain. A total of 303 active individual investors who actively traded on the Colombo Stock Exchange during the research period were included in the study. Following authorization of the questionnaire's reliability and validity, data were collected using a Likert scale questionnaire and analyzed using descriptive statistical tests, factor analysis, correlation analysis, multiclonality test, and paired sample T-test using SPSS software. The findings revealed that behavioral finance observed variables have an impact on the Colombo Stock Exchange, as represented by four behavioral factors influencing individual investors' investment decisions: overconfidence, loss aversion, risk perception, and herding. According to the findings, the variables Risk perception and Loss aversion had the highest impact and relative significance on the individual investor's investment decision-making at CSE. The study made recommendations for CSE investors to use scientific bases when making stock investment decisions, as well as need further research on the impact of behavioral finance on the several types of risks and yields at CSE.Item Non-performing loans & performance of commercial banks in Sri Lanka: comparison between pre & during covid - 19 pandemic(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Silva, M.T.M.; Perera, W.T.N.M.The size of non-performing loans (NPLs) plays a key role in the stability of the banking sector of a country. The factors that explain the NPLs contain very important information for banks. This study aims to investigate the relationship between Non- Performing Loans & Performance of Commercial Banks in Sri Lanka as well as the impact of the COVID-19 pandemic on them. For this purpose, secondary data from the banking sector will be used. The independent variable is non-performing loans, and the dependent variable is the performance of commercial banks that will be used in the analysis. Statistical tools will be used to test research hypotheses including individual correlation and regression analysis. Relationship analysis will be used to find the relationship between the independent variable and the linear regression analysis between the dependent variable to examine the impact of non-performing loans on financial performance from 2011 to 2021. The expected findings of the research are that non-performing loans significantly influence the financial performance of commercial banks in Sri Lanka with a negative relationship. And also, non-performing loans are increasing because of the COVID pandemic. Thus, this study will be useful for bank management personnel to create ideas to protect banks from crisis and to enhance the performance of banks.Item Public debt & economic growth: evidence from Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Rathnayake, R.W.S.K.; Perera, W.T.N.M.One of the primary macroeconomic indicators that determines a country's standing globally is public debt. The relationship between public debt and economic growth has been extensively studied in several countries, and the effects of public debt on economic growth vary from country to country. Therefore, it is critical to conduct individual studies for each country. As a result, this analysis uses the most recent data available for the past 45 years to determine the relationship between public debt and economic growth in Sri Lanka. This was investigated utilizing econometric approaches and annual time series data from 1977 to 2021 in order to achieve the goal of determining how Sri Lanka's public debt affects economic growth. The normality and unit-roots values of the macroeconomic time series are examined using the Jacque Bera (JB) and Augmented Dickey-Fuller (ADF) tests, respectively. The short-run relationship of variables studied using the Error Correlation Model and the long-run relationship of variables analyzed using the Engel-Ganger residual-based model (ECM). The analysis demonstrates that Sri Lanka's governmental debt has increased during the study period on both public domestic debt and public external debt. Additionally, throughout that time the public external debt grew closer to the public domestic debt. Economic growth is negatively and significantly correlated with public debt, including public domestic debt, public external debt. In comparison to external debt, domestic debt has a strong negative impact on economic growth over the long term. Furthermore, domestic debt has a short-term negative impact on economic growth than external debt. Due to the negative consequences on economic growth and the need of using public debt effectively for Sri Lanka, this report advises the government to set some borrowing limits.