Symposia & Conferences
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Item The Impact of Green Supply Chain Management on Organizational Performance in Sri Lankan-Listed Companies(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Sathsarani, N.L.A.; Rajapakse, R.M.D.A.P.This study intends to examine the impact of implementing Green Supply Chain Management Practices on Organizational performance, in terms of environmental, operational, and financial performance among listed companies in Sri Lanka especially concerning sectors, Capital Goods, Food, Beverage and Tobacco, Material, Consumer Durables & Apparel, Retailing, Automobile & Components, and Healthcare Equipment & services. Further, the researcher examined the impact of Green Supply Chain Management (GSCM) Practices on performance dimensions of environmental, operational, and financial separately to identify which performance dimension has the highest impact from the green supply chain management practices in the Sri Lankan context. The Survey Questionnaire was collected from 115 managerial positions in listed companies that are included in above mentioned sectors. Numerous studies have been done to find the impact of green supply chain management and organizational performance worldwide. Nevertheless, there is a research gap based on this in the Sri Lankan context. The empirical evidence verifies a significant impact of GSCM practices and organizational performance. It can be concluded that There is a positive impact of Green Supply Chain Management on Organizational Performance in terms of environmental, operational, and financial. Further, the operational performance dimension has the highest impact from GSCM practices.Item The Impact of Forensic Accounting Knowledge on Corruption Prevention: A Study Based on Sri Lankan Accounting Students(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Herath, H.M.U.G.A.M.; Rajapakse, R.M.D.A.P.This research addresses the relationship between forensic accounting education and corruption prevention among accounting students in Sri Lanka. Given the critical role accountants play in combating fraud and corruption, it seeks to understand how forensic accounting knowledge influences attitudes toward corruption prevention. By using a variety of quantitative research methods, including descriptive statistics, reliability testing, correlation analysis, and regression modelling, the study provides valuable insights. Preliminary results indicate that students' perspectives on corruption prevention and their understanding of forensic accounting concepts are diverse. Regression analysis successfully determines the significant effect of forensic accounting expertise on attitudes toward corruption prevention, and factor analysis reveals the underlying structures of these variables. The study highlights the potential for improving forensic accounting education to promote an ethical culture among accounting professionals, thereby strengthening anticorruption measures. Recommendations include curriculum improvements and collaborative efforts between academic institutions and professional organizations. With a sample size of 94 respondents, this study lays the groundwork for future inquiries into the complex relationship between forensic accounting education and ethical behavior in the accounting field.Item The Impact of Corporate Governance on Financial Distress: Evidence from Colombo Stock Exchange(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Bandara, K.M.J.K.; Rajapakse, R.M.D.A.P.The study aims to analyze the effect of corporate governance on financial distress among companies listed on the Colombo Stock Exchange from 2018 to 2023. The research methodology involved the use of panel regression to investigate the impact between corporate governance factors and financial distress. The major findings of the study indicate that board size and audit committee significantly impact financial distress, while board independence and board meeting show a non-significant relationship with financially distressed companies. The implications of the study extend to stakeholders such as investors, creditors, policymakers, and shareholders, providing valuable insights for decision-making regarding financially distressed companies and their behavior. In conclusion, the research emphasizes the importance of good corporate governance practices in reducing the likelihood of financial distress by promoting accountability, openness, and smart decision-making. The study's empirical evidence contributes to a more informed understanding of the link between corporate governance and financial performance, offering valuable insights for regulatory bodies, investors, and academics.Item Corporate Tax Planning and Financial Performance of CSE-Listed Tea Plantation Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Kodithuwakku, K.A.L.L.; Rajapakse, R.M.D.A.P.This meticulous study unravels the intricate interplay between corporate tax planning strategies and the financial performance of tea plantation companies listed on the Colombo Stock Exchange (CSE) in Sri Lanka. The overarching aim is to comprehensively investigate and analyze the nuanced impact of tax planning on these entities. The research spans a meticulously selected sample of 14 tea plantation companies, encapsulating the dynamic period from 2016 to 2022. An exhaustive exploration of key variables, including Return on Equity (ROE), Effective Tax Rate (ETR), Intensity of Capital (IC), Intensity of Inventory, Leverage, and Firm Size (FMS), offers a multifaceted lens through which to examine the complex relationships at play within these corporate structures. The methodological approach involves the scrupulous retrieval of financial statements from diverse and pertinent sources, establishing a robust foundation for the subsequent analysis. Through the application of panel regression analysis, the study unveils a spectrum of noteworthy findings that significantly contribute to the existing body of knowledge. Surprisingly, the Effective Tax Rate emerges without statistical significance, suggesting that the observed impact of tax planning is not statistically significant within the context of the tea plantation companies studied. Nonetheless, the study uncovers positive and statistically significant relationships between Capital Intensity, Firm Size, Leverage, and Return on Equity (ROE). In light of these compelling findings, the study offers strategic recommendations that underscore the importance of optimizing leverage to enhance overall financial performance. These insights not only enrich the academic discourse surrounding tax planning and financial performance but also provide actionable implications for tea plantation companies navigating the intricate landscape of financial management in the unique context of Sri Lanka.Item The impact of Tax Policy Changes and Gross Domestic Production on the Tax Revenue in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Begam, M.I.S.; Rajapakse, R.M.D.A.P.Taxation is a mode of revenue mobilization, providing resources for National Budgets and forming an important part of the macroeconomic management. The tax revenue is one of the major sources of income in every government. Tax policy and Gross Domestic Production influence to the government revenue of a country. Sri Lanka has been continuously producing budget deficits even though the tax revenue as a whole has been rising throughout the years. This study aims to identify the impact the tax policy changes and GDP of Sri Lanka has had on the tax revenue collected in Sri Lanka covering 17 years throughout the period from 2000 to 2016. Data was analysed using trend analysis and with the aid of IBM SPSS, OLS regression and correlation was used to understand the impact. The overall model predicts 89% of variance in the tax revenue. The results revealed that the correlation analysis confirms that there is no significant relationship between tax policy changes and tax revenue and the Gross Domestic Production of the country has a positive and significant impact on the Tax RevenueItem The Impact of Environmental Reporting on Company Financial Performance of Listed Manufacturing Companies in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Anuradha, P.H.; Rajapakse, R.M.D.A.P.The impact of business activities on the environment is gradually increasing. Hence it is vital for stakeholders to be concern on the relationship between environment aspects and company’s decision making process. This study aims to investigate the impact of environmental reporting on the financial performances of listed manufacturing companies in Sri Lanka. Further, this study extends to explain the interaction between the environmental disclosure and firm’s specific variables such as firm size and leverage on firm’s financial performance. The main variables of the study are, environmental disclosure being the independent variable, firm size and leverage as the control variables and Return on Assets (ROA) as the dependent variable. The current study use secondary data of 41 manufacturing companies in Colombo Stock Exchange for the period of 5 years from 2013 – 2017 by using content analysis. Correlation and multiple regression models is used to analyze the relationships of this research study. The results reveal that there is a significant relationship between environmental accounting disclosures and firm’s financial performance when environmental accounting is moderated by firm specific variables such as firm size and leverage of the selected companies.Item Environmental Accounting Practices and Firm Financial Performance: An Empirical Analysis of Selected Listed Manufacturing and Construction Companies in Colombo Stock Exchange of Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Lakmal, A.A.H .; Rajapakse, R.M.D.A.P.This research focused on the Environmental Accounting practices (disclosures) and the firm financial performance of the selected listed Construction and Manufacturing companies in Sri Lanka. The main objective of this research is to investigate the present state of environmental reporting practice of Sri Lankan listed companies and to show the relationship between EA disclosure level and financial performance of the selected companies. Environmental Accounting disclosures and financial performance are being the main variable. GRI Guidelines were used as independent variable and also financial performance as dependent variable. Material, Energy, Water, Biodiversity and Emissions are used as environmental accounting disclosure aspects. All the companies listed in Colombo Stock Exchange under Manufacturing and Construction sectors were considered in this research. As well as the methodology follows the content analysis. The target population was 04 listed construction companies and 45 listed manufacturing companies. Both qualitative and quantitative data were collected using annual reports. The findings of this research indicate that the environmental disclosure practice of listed Manufacturing and Construction companies in Sri Lanka is not at a satisfactory level. But there is a significant relationship between EA disclosure level and firm financial performanceItem Impact of Liquidity on Profitability: With Special Reference to Listed Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Hirantha, P.A.N.; Rajapakse, R.M.D.A.P.The ultimate goal of the companies is to enhance the wealth of the shareholders. For that purpose, the liquidity and profitability plays the vital and crucial role. That brings the problem that provided the basis for his research “how liquidity effects on profitability of listed manufacturing companies in Sri Lanka?” Especially the liquidity and its management affects to a great extent to the growth and profitability of a firm. The liquidity management becomes most important one as the inadequate liquidity may injurious to the smooth operations of the firm as well as the excess liquidity can be disturbed to achieve the greater profits. In this way, the present study is aimed to investigate the relationship between liquidity and profitability. The analysis is based on quarterly data of 20 manufacturing companies listed in the Colombo Stock Exchange over a period of past six years from 2010 to 2015. Return on equity and Return on assets were used as the dependent variables while Quick ratio, Current ratio and Liquid ratio were used as independent variable. Correlation and regression analysis as well as the descriptive statistics were applied in the analysis and findings suggest that there is a significant relationship exists between liquidity and profitability listed manufacturing companies in Sri Lanka. According to this study there has an influence in liquidity on the profitability of manufacturing companies.Item Performance Measurement and Employee Incentive of Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Hearth, H.M.D.M.; Rajapakse, R.M.D.A.P.Performance measurement system would play a key role in communicating, evaluating and rewarding the achievement of strategic objectives. Many manufacturers have instituted programs to reduce costs and improve their operations but frequently fail to evaluate whether their operational changes achieved their desired results. An active performance measurement system can help to determine areas to improve before invest or money. Organizations adopt performance measurement systems typically classified as financial and non-financial measurements. Some manufacturers even use performance measurements to determine compensation and incentive bonuses. This research attempt to assess the performance measurement in manufacturing companies and plan the employee incentives like the adding the short term cash benefits for basic salary of their. The findings were that company performance has significant relationship with employee incentive in manufacturing companies in Sri Lanka. The findings have shown significant relationship EVA, ROA and ROI with employee incentive. This paper recommends that management must identify the both financial and nonfinancial performance measurement to determinate the employee incentive. This method is important to achieving of business objectives and whether the main purpose of that maximizes their own utility instead the interest of shareholder.Item The Impact of Foreign Direct Investment on Economic Growth in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Gunarathna, T.M.S.; Rajapakse, R.M.D.A.P.The growth of international production is driven by economic and technological forces. It is also driven by the on-going liberalization of Foreign Direct Investment (FDI) and trade policies. The growth of FDI has been focused in several studies examining the channels of transmission between FDI and growth. Economic models of endogenous growth were combined with studies of diffusion of technology in an attempt to show the effect of FDI on the economic growth of several economies The FDI is assumed to benefit to underprivileged country like Sri Lanka, not only by adding internal investment, but also in terms of employment creation, transfer of technology, increased domestic competition and other positive externalities. According to the Sri Lankan context Sri Lanka follow the attractive policies to accept FDI in to the country. As the result of this FDI has increased last year’s gradually. This paper seeks to identify that is there any relationship between foreign direct investment and economic growth in Sri Lanka. Data is collected by using secondary evidence. Data get from central bank report in Sri Lanka. Data is analysed using regression method. According to the data analysis there is positive relationship between FDI and Economic growth in Sri Lanka however the relationship is not significant.