http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/27 2026-04-19T15:52:10Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/123 3rd Interdisciplinary Conference of Management Researchers (ICMR) “Unlocking Business Potentials towards a Circular Economy” 2018-10-23T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/122 GEOMETRIC BROWNIAN MOTION BASED NEW HYBRID STATISTICAL APPROACH FOR STOCK MARKET FORECASTING Rathnayaka, R. M. Kapila Tharanga; Seneviratna, D. M. K. N Capital Investments in the stock market is the easiest and fastest way of building the healthy financial foundation for future life. In the past few decades, stock markets around the world have become more institutionalized and advanced as the main forms of investments for making profit investments in numerous organizations as well as individuals to arrange their large investment funds to the general public. As a result, the stock market prediction has become one of the great challenges caused by its complexity and eruptive nature. Generally, stock prices are chaotic and show both linear and nonlinear behaviors. Therefore, the accuracy of the forecast might be enhanced by modeling the non-linear behaviors of the series as well. The main purpose of this study is to take an attempt to understand the behavioral patterns as well as seek to develop a new hybrid forecasting approach based on Geometric Brownian Motion (GBM) for estimating price indices in Colombo Stock Exchange (CSE), Sri Lanka. Indeed, the Autoregressive integrated moving average (ARIMA) approach is used as a comparison mode. The current study was carried out on the basis of CSE daily trading data from January 2010 to May 2018 were extracted and tabulated for calculations. Because of the nonlinear behavioral patterns in the CSE, the mean absolute percentage error analysis results suggested that new proposed hybrid model (HGBM) is highly accurate than traditional ARIMA (HGBM (0.521%) < ARIMA (7.18%)) for forecasting one day ahead predictions. Furthermore, the results reveal that, the new proposed model is more significant for investors to make their investment decisions precisely 2018-10-23T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/121 WINDING UP OF A COMPANY AS A MODE OF LIQUIDATION: A COMPARATIVE ANALYSIS WITH UK PERSPECTIVES Sachindrani, D.M. Thimalee M; Samayawardena, Dilini T In present, the world has been globalized. Therefore, each and every person have been interconnected. Hence, people have started to think in a modernized approached. Consequently new companies enter into the business industry. According to the Sri Lankan Law, companies are governed under the Companies Act, No 07 of 2007. Each and every company which have been and which are going to establish should be registered under the Registrar of Company. In Sri Lanka, there are different types of companies incorporated as limited company, unlimited company, company limited by guarantee. A company is a collaboration of directors, shareholder and employees. Therefore, within the company, when a financial crises occur, when a company is unable to pay its debts, when the company has no directors the company ends with winding up. According to the Companies Act there are three modes of winding up. The winding up of a company may be either by the court, voluntary or subject to the supervision of the court. A liquidator is appointed to conduct this process. Liquidator plays a major role throughout the liquidation process. The objective of this research is as follows: the difficulties of liquidation method as mode of winding up a company. Further to ascertain the loopholes of the legal system related to liquidation. Therefore a comparative analysis will be taken place with the UK companies Act 2006. This research is conducted by a qualitative method: primary sources- relevant Acts and Ordinances, secondary sources-relevant articles, websites, law journals, text book. The research paper concludes with recommendations for a liquidation process during particular time frame. 2018-10-23T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/120 THE IMPACT OF CORPORATE SUSTAINABILITY PRACTICES ON FINANCIAL PERFORMANCE - AN EMPIRICAL STUDY ON LISTED MANUFACTURING COMPANIES OF SRI LANKA Fernando, H.S. Ajani D; Perera, W.T.Navini.M; Aruppala, W.Dilini N The modern world business organizations tend to operationalize the concept of sustainability into their bottom line in order to gain the competitive advantage and meet the increased demands of various stakeholder groups. Following the notions of Stakeholder Theory (ST) and Resource Based View (RBV), this study aims to assess whether Corporate Sustainability Practices (CSP) contribute towards enhancing the Corporate Financial Performance (CFP) in listed manufacturing companies of Sri Lanka over the period of 2012-2017. Further this paper addresses the timely need of research on the holistic concept of Sustainability, which has been replaced with constricted corporate social responsibility neglecting economic and environmental dimensions of the broader concept. The research design of this study deploys content analysis as the qualitative method and statistical analysis (panel data regression model) as the quantitative method. Disaggregated measures of sustainability have been used to assess CSP using the checklist following Taib, Ameer and Haniff (2012), while the CFP is assessed on the dimensions of Return on Assets (ROA). This paper reported that there is significant positive relationship between CSP and CFP in listed manufacturing companies of Sri Lanka. 2018-10-23T00:00:00Z