http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/10627 2026-04-12T17:53:54Z 2026-04-12T17:53:54Z Wanigasekara, W.A.D.K.J. Fernando, N.D.H. Jayalath, J.A.T.S. http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/10945 2025-01-09T04:00:42Z 2024-01-01T00:00:00Z

Title: Capital mix and firm value industrial sector comparison: Colombo stock exchange Authors: Wanigasekara, W.A.D.K.J.; Fernando, N.D.H.; Jayalath, J.A.T.S. Abstract: This study aimed to examine the impact of a firm's capital mix on its value. There was a methodological gap in the capital mix literature, which focused highly on the single or all industrial sectors as an average. Hence, to fill this gap, this study compared the impact of capital mix on the firm value of five industrial sectors in the Colombo Stock Exchange (CSE). The capital mix, the study's independent variable, was measured through the Debt Ratio (DR) and Debt-to-Equity Ratio (DER). In contrast, the firm value, the study's dependent variable, was measured using the Market-to-Book Value Ratio (MBVR). The data of 101 Public Limited Companies was collected for 11 years from 2012 to 2022. The findings revealed a significant negative impact of DR on MBVR in the capital goods sector and Food, Beverage and Tobacco sector an insignificant negative impact of DR on MBVR in the consumer durables sector, material sector, and real estate management and development sector. Further, it reveals a significant positive impact of DER on MBVR in capital goods sector and real estate management and development sector and an insignificant positive impact of DER on MBVR in consumer durables sector, material sector, and Food, Beverage and Tobacco sector in CSE. When the industry average was considered, a significant positive impact of DR and an insignificant positive impact of DER were found on MBVR. Finally, the conclusion derived from the study was that the impact of capital mix on firm value was not equivalent in different industrial sectors in the Sri Lankan context. It is recommended to have a separate investigation of the impact of capital mix on firm value for different industrial sectors.

2024-01-01T00:00:00Z Herath, H.M.M.N Aruppala, W.D.N. http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/10943 2025-01-09T03:58:03Z 2024-01-01T00:00:00Z

Title: Factors influencing the successful adoption of online banking services in Sri Lanka Authors: Herath, H.M.M.N; Aruppala, W.D.N. Abstract: This study examines the factors that affect the successful adoption of online banking services in Sri Lanka. Despite the many advantages offered by online banking, its acceptance in the country remains low. To address this issue, this research applies the Technology Acceptance Model (TAM) introduced by Davis in 1989, focusing on the key attributes influencing online banking adoption. The study investigates the determinants influencing the effective deployment of online banking services in Sri Lanka, gathering data through a questionnaire distributed among internet banking users. Demographic and correlation analyses were conducted and the impact of independent variables on online banking adoption was assessed through reliability tests and path analysis with Smart PLS software. Findings reveal that factors such as perceived benefit, ease of use, and customer attitudes significantly influence the intention to use online banking services in the country. Moreover, the study highlights the advantages of online banking for both consumers and banks, including convenience, time savings, and cost efficiency. The research suggests that banks should communicate these benefits to customers to increase adoption rates and enhance service quality. The findings offer important insights for Sri Lankan banks and policymakers aiming to promote the usage of online banking and improve financial inclusion.

2024-01-01T00:00:00Z Francis, S.J Gunathilaka, A.U.G.C.A. http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/10942 2025-01-09T03:56:10Z 2024-01-01T00:00:00Z

Title: Export competitiveness of Ceylon green tea: pre-covid opportunities and challenges Authors: Francis, S.J; Gunathilaka, A.U.G.C.A. Abstract: International trade has opened the doors to many products in the international market for most exporters to mark their dominance on the global level. Green tea, as a value-added tea, is also becoming a demanded product in the market. Only a few countries have increased their competitiveness in that product to a positive trend. In this background, the study aims to identify both competitive and comparative advantages of Ceylon Green Tea in the international market through the competitiveness indexes and insights of experts. This study examines the export competitiveness of Ceylon green tea, focusing on the pre-COVID period. Utilizing secondary data sources, the analysis employs a competitive position framework to evaluate export performance. Key informant interviews (KIIs) were also conducted to gain qualitative insights into market dynamics and strategic challenges. The findings of the descriptive analysis illustrate that Ceylon Green Tea has lost its competitiveness in the past years. Further, identifications of competitive position analysis emphasize that Sri Lanka still has a chance of gaining the comparative advantage of Ceylon Green Tea, especially in terms of the product HS code 090220 of Ceylon Green Tea which has comparatively engaged in the last decade in the global market. The rise of other Asian countries for green tea can also be identified as a reason for declining the export share of green tea. Therefore, Sri Lanka needs to enhance its share in the market to compete with them. The main reasons behind the declining trade value of green tea in Sri Lanka are the issues of exporters and lack of strategic enhancement of the sector as per the experts in the sector. This study also attempted to identify those backdrops and will recommend some steps to be taken for the improvement of the sector.

2024-01-01T00:00:00Z Maheswaranathan, S. Chesika, M. http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/10941 2025-01-09T03:50:48Z 2024-01-01T00:00:00Z

Title: Do remittances, foreign aid, and FDI serve as automatic output stabilizers in Sri Lanka? An application of the ARDL approach Authors: Maheswaranathan, S.; Chesika, M. Abstract: For developing nations in particular, the country has strong ties to Foreign Direct Investment (FDI), remittances, and official development assistance. Foreign capital receipts are crucial to Sri Lanka’s economic advancement, as with other developing nations. A thorough comprehension of the ramification of these overseas finance on Sri Lanka's national income growth is still lacking, despite much study in the field. This study strives to resolve that void by analyzing the effects of external inflows on Sri Lanka's Gross Domestic Product (GDP) from 1980 to 2022, utilizing available and reliable data. An Autoregressive Distributed Lag (ARDL) model enabled an analysis of the variables' relationship. According to this analysis, Sri Lanka's sustained economic growth is heavily depends by personal remittances, Official Development Assistance, and Foreign Direct Investment. In addition, the Error Correction Term's value of -0.776953 shows that a yearly adjustment of 77.69 will be made to any short-term aberrations in economic growth caused by external shocks, allowing for a restoration to long-term equilibrium. The high Error Correction Term (ECT) value shows that Sri Lanka's economy can withstand a lot of pressure from outside. Stronger financial systems, more diverse economies, and better institutions are the tenets of macroeconomic policies that can fortify this resilience. By providing actual data on the impact of monetary flows on Sri Lanka's growth, this study adds to the existing literature. The findings will provide valuable implementations for policymakers and scholars in enticing funding from outside sources.

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