http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/387 2026-04-19T16:56:47Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/1527 Proceeding of the 6th International Conference “Flourishing the Knowledge Beyond the Existing Paradigms”. The continuous successful journey of bianniel International Conference of Sabaragamuwa University of Sri Lanka (ICSUSL) for the last 12 years enables the 6th International Symposium. Truly it is a gathering of researchers, academics, professionals, industrialists, policy developers, postgraduates and undergraduates from diverse fields to disseminate their latest research findings, while networking with interdisciplinary researchers worldwide. As ICSUSL has contributed and facilitated by renowned researchers and scholars from diverse academic disciplines continuously, it has become a popular academic platform for the local and international presenters and participants to disseminate and share the latest knowledge and research experience. Sabaragamuwa University of Sri Lanka including Vice-Chancellor and Conference Committee is proud to hold the 6th ICSUSL in May 2017 under the theme “Flourishing the Knowledge Beyond the Existing Paradigms”. This would be another giant effort of the university in further making it nationally and internationally acclaimed through the contribution of the presenters, participants and sponsors. The 6th ICSUSL will be held in Kandy, the latest kingdom and a world heritage city of Sri Lanka to provide a fascinating and enjoyable venue for all the presenters and participants with the panoramic view of the Hill capital of the country. The symposium will be held at the latest four-star hotel “the Grand Kandyan Hotel” on the top of a hill overlooking the Temple of Tooth and the Kandy city. The symposium will be enriched with conference tours to World Heritage Sites and Nature Hotspots in the hill country. 2017-05-01T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/1526 Capital Structure of Pecking Order Theory: A Case of Non Financial Firms in the CSE Kapuge, K.D.L.R The capital structure of a company shows the proportion of debt-equity mix, vital for any organization regardless of the size of the firm. This is because capital structure is directly linked to the cost of capital and hence the organization’s performance and survival. However, there is a vacuum in the Sri Lankan context, only few studies have supported the capital structure in nonfinancial firms in the CSE. Hence, the main objective of this study was to assess the adoption of pecking order theory in non-financial listed companies in Sri Lanka. The study employed secondary data, by selecting 70 companies representing 10 sectors of listed companies in the Colombo Stock Exchange for the period of 2009 - 2014, in order to achieve the objective of the study. And the study used descriptive, correlation and regression statistics for data analysis. The findings of the study revealed that Pecking Order Theory in its weak form is supported by Sri Lanka listed firms capital structure. The results of this study will help policy makers in defining policies and procedures to ensure reliability and easy accessibility to different sources of finance for the Sri Lanka listed companies 2017-05-01T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/1525 Why do Rural Community of Sri Lanka prefer for Informal Sources of Financing? Kapuge, K.D.L.R The aim of this paper is to examine the factors that affect the preference of informal financing sources by the rural community of Sri Lanka. Data were gathered from 300 rural respondents in Uwa, Sabaragmuwa and Western Provinces of Sri Lanka using stratified sampling method. The main research instrument used was a questionnaire based on seven point Likert scale. Descriptive Analysis, Multiple Linear Regression Analysis and Stepwise Regression Models were used to analyse data. Research findings revealed that previous experience with informal borrowings, relationship with the lender, loan size, repayment flexibility and less collateral requirements significantly and positively affected the preference of informal financial sources by the rural community of Sri Lanka. Interest rates charge by the informal lenders have a significant and negative impact on the preference to use informal financing which reveals that interest rate is the core factor to make the informal financing unpopular. Legal requirement did not affect preference of informal sources of financing by rural community of Sri Lanka significantly. 2017-05-01T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/123456789/1524 The Impact of Accounting Information on Share Prices: Evidence from Colombo Stock Exchange Rajeshwaran, N; Kirushanthini, V There are mixed results between Accounting information and Share Price in developed as well as developing countries. However, the relationship between those variable is not clear in the contemporary scenario in Sri Lankan stock market. Therefore, the study aims (i) to identify the relationship between Accounting information [Earnings per Share (EPS), Dividend per Share (DPS) and Book Value per Share (BVPS)] and the Share Price and (ii) to examine combine impact of accounting information on Share Price of listed companies in Colombo Stock Exchange, Sri Lanka. Out of 242 listed companies, which have five years annual reports, 160 listed companies are selected by using proportionate stratified random sampling according to business sectors as a sample to carry out the research. Five years annual report of each company covering 2010/2011 to 2014/2015, altogether 800 annual reports, are observed to collect the data. Descriptive, correlation, Harris-Tzavalis unit root test, pooled ordinary least square (POLS), panel data regression (fixed effects model) are used to analyse the collected data. The result of the study shows that EPS, DPS and BVPS are positively correlated with share price of the companies in moderate level. The findings of simple separate regressions as well as fixed effects panel data regression analysis show that the individual independent variables have a positive relationship with share price. POLS regression shows DPS and BVPS are positively related with the stock price whereas EPS is negatively related with the share price. However, fixed effects model shows that EPS, DPS and BVPS are positively related with the share pricewhile EPS is not significant at 5% level. Further, variation in share price could be explained by encompassed all independent variables in both models POLS and fixed effects 47.6% and 36.5%, respectively. It is concluded that Accounting information influences share prices of listed companies in Sri Lanka. 2017-05-01T00:00:00Z