Browsing by Author "Pratheepkanth, P."

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    Do Female Directors Improve Firm Performance in Sri Lanka?
    (Uva Wellassa University of Sri Lanka, 2018) Pratheepkanth, P.
    Boards of Directors play a dominant governance role in organisations and (among other things) seek to ensure that the managerial goals align with those of shareholders and that ineffective management and/or processes do not proliferate. A 100-firms sample, randomly drawn from Colombo stock exchange, was analysed. The results reveal that female board members in Sri Lankan firms averaged 14 percent and ranged from 0-38 percent. Findings also demonstrate that the two performance ratios indicate that each three percent to the observed variability in firm performance is explainable by the female board representation. The significance levels show that both performance models generate statistically insignificant outcomes. Undoubtedly, there is still a gender imbalance in the higherlevel governance positions Sri Lanka. Female board representation may be a confounding factor that entangles and prevents the influence of board and company attributes from becoming apparent.
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    Intellectual Capital Disclosure: A Study of Australia and Sri Lanka
    (Uva Wellassa University of Sri Lanka, 2018) Pratheepkanth, P.
    This study considers whether national development level influences a firm's voluntary intellectual capital disclosure (ICD) provided by a sample of 100 Australian and 100 Sri Lankan firms in terms of a two-years during 2015-16. This two-nation study uses a content analysis and literature-review analysis to provide an understanding of the underlying forces and issues. It was found that Australian firms tend to rely heavily on external structure disclosures (with particular attention to brands, customer loyalty, and research collaborations), but Sri Lankan relatively larger firms prefer intellectual property disclosures and the smaller firms tend to be as adept at external structure as their Australian counterparts. It was also found that the nature of a firm tends to trump the nurture of the development level of the country in which the firm is embedded. While a wider diffusion of better ICD methodology under International Financial Reporting Standard (IFRS) could improve the cost-effectiveness of financial reporting and generally increase efficiency, this is unlikely to occur until competition is more of a spur.
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    Intellectual capital on Financial Performance: Sri Lankan Market
    (Uva Wellassa University of Sri Lanka, 2018) Pratheepkanth, P.
    The current theory of the firm posits that firms maximise their value by making decisions to maximise the wealth of their stakeholders. Intellectual capital is a key input to achieving that goal, is a major strategic asset capable of garnering sustainable competitive advantage. The data used in this study comes from 150 Sri Lanka (Colombo stock exchange listed firms). The research questions are answered via a quantitative research design that uses secondary data. This study finds that intellectual capital has a significant impact on ROA whereas the insignificant impact found between the intellectual and Tobin Q can be explained by other factors (e.g., Tobin Q may not handle the high levels of intangible assets present in rising knowledge economy of Sri Lanka) which validates the assertion that Sri Lankan culture may be more individualistic. Findings also demonstrate the Sri Lankan firms more closely adhere to the ethical branch of stakeholder theory.