1,720,999 research outputs found
Impact of research & development expenditure of Sri Lankan large scale enterprises with special emphasis on the financial indicators
No full textThe respective research is conducted, in order to identify the impact or influence of
expensed R & D as well as capitalized R & D on the financial performance of the
firm, in accordance with the International Financial Reporting Standards. Its
necessitate that the R & D expenditures must be accounted in the comprehensive
income statement, and none of the intangible assets are considered from the R & D
research phases must be accounted as an asset in the statement of financial position.
For the data collection, the total samples size contains of 105 firms with 525
observations, from the audited financial statements of the public listed companies at
Colombo Stock Exchange, which are engaged with the R & D activities over the
period of last five financial years between 2010/2011 and 2014/2015. Those samples
are adopted with the random and stratified sampling techniques as well as the
multivariate quantitative technique is selected as the research technique to measure the
financial performance of the firm by using the selected accounting based indicators.
Such as; Interest cover ratio (ICR), Price-earnings ratio (PER), Capital structure
gearing ratio (CSGR), Return on invested capital employed (ROICE), Earnings per
share stock (EPSS), Dividend yield ratio (DYR), Return on assets ratio (ROAR),
Asset turnover ratio (ATR) and Dividend cover ratio (DCR).
The results could be concluded as; the expensed R & D positively associates with
DCR, negatively associates with EPSS, positively associates with CSGR with does
not have any substantial impact and negatively associates with ROAR, ROICE, DYR
and PER. On the other hand the capitalised R & D has substantial negative association
on ROAR, ROICE and EPSS; meanwhile it’s positively associates with CSGR but
does not have any substantial impact and negatively associates with DYR, DCR and
PER
Investors behaviour in stock exchanges based on price multiples and value drivers, a case study based on Colombo stock exchange in Sri Lanka
No full textThe main objective of this paper is to identify investor behaviour in the Colombo Stock Exchange by using price multiples and the corresponding value drivers. This study uses widely available and easily identifiable three price multiples (price earning, price to book value and price to sales ratios) and corresponding three value drivers (earnings per share, the net book value per share and sales). The main sources of data for this study are secondary data from the Colombo Stock Exchange and published Annual Reports of the 61 sample companies which covers 80% of the market capitalization. The regression analysis is used to forecast prices and obtained the pricing errors between the actual and forecasted prices. The main findings indicate that the net book value is the best value driver amongst all others for the entire market for investor behaviour. The best value
driver is earning per share except for food, beverage and tobacco category 7. It is, therefore, recommended to use the net book value per share as the main value driver for the valuation of stocks in the Colombo Stock Exchange, except for food, beverage and tobacco sector companies
The Development of informal sector small and medium scale enterprises through formation of cluster and networking : a case study based on Sri Lanka and Pakistan
No full textThe concepts of cluster and networking emerged in 1960s in Small and Medium
Scale Enterprises (SMEs) literature but the formation ofSME clusters and networking
is a very new strategy for Sri Lanka started in 2001 and Pakistan started in 2003. But
it shows some positive sign of growth by increasing competitiveness of SMEs by
opening-up new opportunities due to good innovative networking, common facility
usage and collective efficiency of economies of scale, scopes and synergies, etc. The
problem of many SMEs in both countries is not their size, but being isolated and working
in enclave nature, therefore SMEs individually have little capacity to respond to
competitive pressure and to generate factors for expansion and innovation. Especially,
SME Apex bodies and Authorities see the formation of clusters and networking as the
way to reduce transaction cost of facility provision by creating new form of co-operation
for sharing resources, information, technical expertise and knowledge, etc. But in turn,
this can strengthen the competitiveness as well as facilitating learning and technical
innovation and ultimately it helps SMEs to mobilize human, financial and other resources
to one place by opening avenue for long lasting networking. Many successful empirical
stories available regarding the effectiveness of SME cluster and networking formation
around the world but Sri Lankan and Pakistan cases may be too early to judge the exact
relationship between SME's success and cluster and networking formation as they
recently started these concepts. But available evidences in some clusters and networking in both countries show that due to this SMEs growth and competitiveness have been increasing during the last few years in terms of various indicators. Therefore, this paper ascertains the implications of cluster and networking formation on growth and
competitiveness of Sri Lankan and Pakistan's SMEs. This paper concludesby emphasizing that formation of clusters and promotion of networking is a very good start to develop and increase competiveness of SMEs but at the same time many other right policy initiatives, incentives, business development services and infrastructure facilities must be in place to better perform these clusters and networking relations to address SMEs complex and diverse problems. Especially, clusters and networking alone cannot be solved the complex problems and constraints encountered by SMEs in Sri Lanka and
Pakistan to break the vicious cycle of SMEs
The scale of operation, profitability based productivity and capacity utilization in seaports: the case study based on the Colombo Seaport in Sri Lanka - 1980-2005
No full textThe Sri Lanka (formerly Ceylon), an island nation, is strategically located in the South Asian
main sea routes as a gateway to the Far-East, the Middle-East, Europe, Africa and Australia.
This supreme strategic hub location created commendable achievements in seaports in
different magnitudes over time. More specifically, after 1977 economic policy reforms, the
Colombo seaport has earned the reputation as the best managed and the most efficient hub port
in the South Asia and the major transshipment center in the Indian Ocean. This success further
strengthened by the liberalization of shipping in 1990 which was the land mark of changing the
fundamentals of the Sri Lankan shipping and ports related activities. In terms of future
prospects of transshipment activities in South Asia, it can be estimated that, with the size of
vessels growing in the main routes and economic booms in India and China, there will be a
concentration of transshipment activities on a very limited number of strategically located hub
ports equipped to cope with future generation of vessels requirements and ensuring excellent
operation conditions. Therefore it is obvious that the Colombo's qualifications are deemed fit
to become one of these major hub in the South Asia. In this context, the recent growth of the
Colombo seaport is analyzed by using production function, profitability and capacity
utilization approach to get more insights into the seaport operation and to find the possibilities
for further expansion. This new approach may overcome the potential problems of port impact
and cost benefits studies. First this study conclude that the analysis based on the Cobb-Douglas
production function has shown that the operation of the Colombo seaport is an increasing
return to scale during the recent past. The returns to scale depend to a larger extent upon
changing demand for seaport services and corresponding development to cope with this
demand. In view of the rapidly rising tonnage handled and the other services provided for ships
and the related other business activities by the Colombo seaport after the 1977 policy reforms
has reasonable evidences to find increasing returns to scale in our estimated models even with
some what ambiguous data set. Second the profitability based productivity analysis shows the
average profitability measures such as the marginal revenue product of labour (MRPI) is very
high compared to the average wage rate paid for labour (W) and the marginal revenue product
of capital (MRPk) is very high compared to the interest rate (r%) paid for the port development
loans. Furthermore, the small fluctuation of the Lagrange multipliers in the estimated max-min
model indicates the sustainable nature of profitability of operations in the Colombo seaport.
Finally the capacity utilization analysis shows that annual rate of increase of tonnage at the
Colombo seaport has been positive and, the rate has increased at an increasing rate over time
and it shows the high rate of actual to preferred capacity utilization which can be used as a
basis to expand seaport facilities without creating the problem of overcapacity. This new
approach can be use to any seaports in any parts of the world to see their scale of operation,
profitability based on the productivity and capacity utilization aspects before major expansion
in capacity
Seaports and their generated business activities in transition: an examination based on a case study of the Colombo seaport in Sri Lanka
No full textTechnology problems in the Sri Lankan tea industry : a study based on regional plantation management companies
No full textThe main objective o( this paper is to identify the technology issues ill the tea industry in Sri Lanka with special emphasis on the twenty plantation management companies. 111
audition to these twenty companies, interviews was conducted with a wide category of stakeholders in the tea industry, such as tea research, tea administration, Ministry Plantation and suppliers to the industry, etc. In this research, the tea production process was modeled into a simplified value chain, which identified three primary activities along with the - supportive activities. But marketing and sales promotion parts
do not cover this case paper. The final outcome of this paper is to show the
current status of product and process technology in the tea sector and its implication 0on the growth and development o] tea industry. Especially, the focus has been to
see what strategies can be adopted to overcome technology barriers in the Sri Lankan tea industry to increase competitiveness by minimizing costs and improving productivity to reach the next higher/eve/. of this industry. It was seen that a change is needed in Ihe perceptions and attitudes on technology, which needs to flow from
organizational structure arid culture it-self to use maximum of this sector of the growth and development of Sri Lankan economy.
Identification of the factors affecting for the productivity of the small and medium enterprises in Sri Lanka : a case study based on the rubber
No full textEnhancing competitiveness of small and medium scale enterprises through clusters
No full textThe concepts of cluster emerged in 1960s in small- and medium-scale enterprises (SMEs) literature, but the formation of SME clusters isa very new strategy for Sri Lanka started in 2001. But it shows some positive sign of growth and increasingcompetitiveness of SMEs by opening-up new opportunities due to good innovative networking, common facility usage and collective efficiency of economies of scales, scopes and synergies, and so on.
The problem of many SMEs in Sri Lanka is not of their size, but being isolated and working in enclave nature; therefore, SMEs individually have little capacity to respond
to competitive pressure and to generate factors for expansion and innovation. Therefore, this paper ascertains the implications of cluster formation on growth and competitiveness
of Sri Lankan SMEs. This paper concludes by emphasising that formation of clusters and
promotion of networking is a very good start to develop and increase competitiveness of SMEs, but at the same time, many other right policy initiatives, incentives, business
development services, common facilities and infrastructure must be in place to better perform these clusters to address SMEs complex and diverse problems. E specially,
clusters alone cannot solve the complex problems and constraints encountered by SMEs in Sri Lanka to break the vicious cycle of SMEs to reach next level of growth
Seaports and their generated business activities in transition: an examination based on a case study of the Colombo seaport in Sri Lanka
No full textPerformance of health care equipments in the public sector hospitals in the eye of good governance, a case study based on the Sri Lankan public sector hospitals
No full textToday all healthcare delivery systems are very much technology dependent and virtually no medical intervention can take place without recourse to technology or precisely medical equipment and devices. An existence of a good governance framework is a pre-requisite to determine introduction, utilization and management of health care equipment and devices for better performance of any healthcare delivery system. High cost of medical equipment and devices is often cited as the prime driver behind rising cost of health care business. However, health care administrators world over are compelled to deploy the latest technology so that standards of health care will not be compromised. With limited financial resources on one hand and increased expectations of the public for a better health care service on the other hand,
developing countries have many challenges to face in making the right medical equipment available in proper working order at all times in hundreds of public hospitals in their countries. This underlines the need for good governance framework with right technology management policy, which is absent in health care systems in most of the developing countries. This has resulted in poor performance of health care equipment and wastage of resources by undermining the quality of the health care service. In this context, this research paper ascertain the problems and causes related to the failure of health care equipment in the Sri Lankan public sector hospitals with special emphasis on good governance aspects and furthermore, recommend policies and strategies to develop a procedure or mechanism for better management of healthcare
equipment in transparent and accountable manner to upgrade health care delivery and to minimize wastage of scarce public resources. A structured questionnaire survey used to collect data from a sample of twelve public sector hospitals situated in different regions of Sri Lanka. This survey also included many discussions with medical professionals, health care administrators and Para medical staff (as users of equipment and devices), etc. This paper concludes that non-existence of national healthcare technology management policy as a part of good governance on selection, assessment, acquisition, usage, maintenance, disposal and replacement of medical equipment in Sri Lanka is the main responsible factor for poor management of health care equipment. Formation and implementation of new coherent health care equipment management policy as a part of good governance framework at national and
regional level would improve health care delivery and resolve many of the management and governance problems related to health care equipment and devices in the public sector hospitals in Sri Lanka
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