Symposia & Conferences
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Item The Impact of Economic Crisis on Firm Performance: Evidence from Listed Commercial Banks in Sri Lanka(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2025) Prabodya, P. H. H.; Gunasekara, A. L.Introduction: This paper examines how the economic crisis impacted the listed commercial bank’s performance, focusing especially on performance indicators such as primary profitability ratios, Interest Income, and Non-Interest Income. Methodology: This investigation analyzes panel data covering ten companies over 10 years. The firm age, firm size and asset tangibility used as the control variables. Findings: According to the t-test results, there is a statistical difference between the previous and during crises groups with a significant decline in financial performance. The regression analysis showed that the financial crisis impacted the ROE most. Conclusion: The banks need to have proper risk management mechanisms during crisis periods to manage its negative impact. The future studies can use bank specific factors and macroeconomic factors as control variables to see whether the negative impact becomes significant after removing the influence of macroeconomic conditions and bank specific factors.Item The Effect of Debt Financing on Corporate Profitability: Special Reference to Retailing Sector Listed in Colombo Stock Exchange(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2025) Jayarathna, I. D. I.; Samarawickrama, A. J. P.Introduction: Debt financing plays a crucial role in ensuring continuity of operations and achieving maximum profitability in firms. This study probes into how debt financing affects the profitability of retailing firms listed in the CSE, with emphasis on the management of STD, LTD, and TD to attain an optimal capital structure. The study also considers the control variables of firm size and firm growth in assessing the profitability as represented by ROA. Methodology: A descriptive research design underpinned by a positivist philosophy was employed. Secondary panel data were collected from financial reports of 12 retailing firms listed on the CSE during 2019–2024. The data were analyzed using EViews 12, employing descriptive statistics, correlation analysis, regression analysis, and hypothesis testing. The relationships between STD, LTD, TD, and ROA were examined to understand the debt management strategies affecting profitability in the retail sector. Findings: The results yielded a negative and significant coefficient of STD on ROA, thus explaining that short-term reliance by firms diminishes profitability. LTD, on its part, demonstrated a positive and significant relation to ROA; hence, the support of trade-off theory presents its merits in the form of tax shields. TD expressed an insignificant influence on profitability; hence, debt mix turns out to be more crucial as compared to total debt amount. Conclusion: The study concludes that effective debt management is vital for enhancing profitability in the retail sector. Long-term debt should be used strategically to leverage tax benefits and stability, while excessive dependence on short-term debt should be avoided to prevent financial stress. The findings are consistent with the trade-off theory and provide actionable insights for retail firms on optimizing their capital structure. Future research can explore additional variables and their impact on profitability in evolving market conditions.Item The Effect of Disclosure of Corporate Social Responsibility on Financial Performance in Manufacturing Companies: from Manufacturing Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Farook, T.N.; Rajapakse, R.M.D.A.P.Today’s competitive and dynamic market environment has formed new set of tasks for any business which are not only connected to economics. To survive and grow, firms must connect the gaps in economic as well as social systems. Maximizing shareholder wealth is every time important, but satisfying that condition alone is no more valid in computing the financial success. Corporate Social Responsibility is significant and fundamental to the sustainable functioning of businesses. Similarly, financial performance is undoubtedly fundamental to the continued functioning of any company. The purpose of this Research is to study the relationship between corporate social responsibility disclosure percentage and the financial performance of manufacturing companies in Sri Lanka. Sample of study is the highest share volume of 20 companies listed in the Colombo Stock Exchange (CSE) in the manufacturing sector and data were collected over a five-year period from 2011 to 2015, this study explores and tests the significant of the relationship between corporate social responsibility disclosure percentage and financial performance. According to the result of the significant relationship between corporate social responsibility (CSR) disclosure percentage and financial performance. According to that that Sri Lankan listed manufacturing firms should step up their Corporate Social Responsibility programs and disclosures most especially environment, community, employee, and consumer responsibilities. Because of Corporate Social Responsibility is impact to the Corporate Performance as significantly.Item The effect of the working capital management on profitability of Sri Lankan companies(Department of Accountancy, University of Kelaniya, 2015) Dharmasena, N.W.G.N.P.Most firms have a large amount of cash invested in working capital, as well as substantial amounts of short- term payables as a source of financing. Therefore working capital mainly affect for the company profitability and liquidity. A well-managed working capital promotes a company’s wellbeing on the market in terms of liquidity and it also acts in favor for the growth of shareholders value (Jeng - Ren, Li & Han-Wen, 2006). Management of these short- term assets and liabilities warrants a careful investigation since the working capital management plays an important role for the firm’s profitability & risk as well as value (Smith, 1980). The main objective of this research is to find out the relationship between working capital management and company profitability. To collect the required financial data of these firms was obtained from the companies’ annual reports from CSE. Consequently, the sample data begins in 2010 and ends in 2014. The effects of working capital management on the firm's profitability are modeled using the following OLS regression equations to obtain the estimates. This study expects most of the Sri Lankan companies have large amounts of cash invested in working capital. It can be expected that the way in which working capital is managed will have a significant impact on profitability of those firms.