http://dr.lib.sjp.ac.lk/handle/123456789/46 2026-01-07T03:59:19Z 2026-01-07T03:59:19Z Samarakoon, S.M.R.K. Perera, K.L.W. http://dr.lib.sjp.ac.lk/handle/123456789/8431 2019-07-15T04:08:51Z 2018-01-01T00:00:00Z

Short-Run Price Performance of IPOS and Corporate Governance Practices Samarakoon, S.M.R.K.; Perera, K.L.W.

2018-01-01T00:00:00Z Wasantha Perera Pradeep Priyashantha http://dr.lib.sjp.ac.lk/handle/123456789/8394 2019-06-11T09:21:12Z 2018-01-01T00:00:00Z

The impact of Working Capital Management on shareholders’ wealth and profitability evidence from Colombo Stock Exchange Wasantha Perera; Pradeep Priyashantha The Working Capital Management (WCM) has an important role for the firm’s success or failure, because it directly affects the overall business health of the firm. This study examined the impact of WCM on profitability and shareholders’ wealth using 50 companies listed in different sectors on the Colombo Stock Exchange (CSE) for the period from 2010 to 2015. This sample represents 47% of the selected sectors of CSE. The profitability of the company is measured using gross operating profit (GOP) and shareholders wealth measured by Tobin’s Q (TQ) ratio. The WCM is measured using five independent variables namely stock holding period (SHP), debtors’ collection period (DCP), creditors’ settlement period (CSP), cash conversion circle (CCC) and current assets ratio (CAR). Further, three additional variables such as firm size (SIZE), leverage (LEV) and earning yield (EY) are employed as controlling variables to capture the impact of other performance of the companies. The data were analyzed using ordinary least square (OLS) and panel data regression models. These regression models reveal that there is a significant negative relationship between CCC and dependent variables (GOP & TQ). Further, this relationship has been confirmed by the major components of CCC such as SHP, DCP. Firm size also positively and significantly affects the firm GOP, while negatively affects the TQ. Further, they revealed that there is a significant positive relationship between LEV and TQ. The study finds that the shareholders’ wealth and profitability can be increased through the efficiency of WCM.

2018-01-01T00:00:00Z Maheepala, S. D. S. R. Warnakulasooriya, B. N. F Weerakoon Banda, Y. K. http://dr.lib.sjp.ac.lk/handle/123456789/8387 2019-06-06T05:21:48Z 2018-01-01T00:00:00Z

Servitisation of an Industry and National Competitive Advantage in International Business The Case of Taiwan Textile Manufacturing and Sri Lankan Apparel Manufacturing Industries Maheepala, S. D. S. R.; Warnakulasooriya, B. N. F; Weerakoon Banda, Y. K. Servitisation studies in extant literature contribute to the resource-based view and relational view where industrial organisation view was largely ignored due to the focus on individual manufacturing units. In international business industry, competitiveness is required to enhance the performance of individual organisations. Following post-positivism epistemology, a multi-case study approach has been employed in this study. The unit of analysis is the network consisting of manufacture, supplier and the customer. Two such units of apparel manufacturing industry in Sri Lanka and two units from textile manufacturing industry in Taiwan were selected. This study establishes the link between servitised industry and national competitive advantage. The collaboration with suppliers, indirect competitors and other partners were identified as critical factors to differentiate a business-to-business (B2B) manufacturing industry in an international business.

2018-01-01T00:00:00Z Dcwasiri, N. J. Weerakoon, Y. K. B. Azeez, A. A. http://dr.lib.sjp.ac.lk/handle/123456789/8386 2019-06-06T05:17:03Z 2018-01-01T00:00:00Z

Mixed Methods in Finance Research The Rationale and Research Designs Dcwasiri, N. J.; Weerakoon, Y. K. B.; Azeez, A. A. The purpose of this study is to uncover the rationale (why) and the types of designs (what) for application of mixed method approaches in finance research using a systematic literature review approach. The findings revealed that there are four main research gaps in mixed method applications in finance: (a) poorly or nonformulated research questions, (b) lack of identification of the rationale for mixed methods, (c) poor identification of mixed methods and design, and (d) the manuscript reviewing gap. Finance studies based on quantitative methods and proxy variables can be further validated through mixed method approaches, thereby increasing the validity, completeness, and confirmation of findings, and minimizing the inherent weaknesses of monomethod approaches. We suggest that researchers in the finance discipline should justify their research methodology in order to eliminate the biases that arise through the selection of convenient methodologies. Thus, future studies should incorporate both qualitative and quantitative aspects when formulating mixed method research questions, emphasize the rationale, and choose appropriate mixed method designs to achieve a high level of scientific rigor in mixed methods research. Also, editors of nonmixed method journals need to have reviewing support from mixed method experts or adhere to the guidelines proposed by Onwuegbuzie and Poth when evaluating mixed method manuscripts to achieve a high level of quality and accuracy in their mixed methods research publications in finance.

2018-01-01T00:00:00Z