http://repo.lib.sab.ac.lk:8080/xmlui/handle/susl/1777 Best Undergraduate Thesis of the Department with respect to the academic year. 2026-04-20T03:26:56Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/susl/3630 IMPACT OF INTANGIBLE ASSETS AND INTELLECTUAL PROPERTY ANNOUNCEMENTS ON SHAREHOLDERS’ WEALTH: EVIDENCE FROM TOP BRANDED AMERICAN TECHNOLOGY COMPANIES Dushyanthi, P. K. T. In the modern knowledge economy, intangible assets have become an emerging trend of creating shareholders’ value of companies, particularly intangible assets and announcements of intellectual property rights. Thus, measuring and analyzing the impact of intangible assets and the announcement of intellectual property (IP) on shareholders’ wealth is a decisive effort in the direction of creating the company’s value. Therefore, this paper aims to shed light on how intangible assets and intellectual property announcements impact on shareholders’ wealth of the world’s top eight (08) brands which are American based technology companies. The research was conducted based on four intangible assets including goodwill, patent, trademark, and trade secret, and the impact of these variables on shareholders’ wealth was assessed and evaluated using the panel data regression model. Moreover, the influence of intellectual property announcements on shareholders’ wealth was measured by using the abnormal returns of companies that are analyzed using the event study methodology. The study revealed that goodwill and patent were showing a positive significant impact on the shareholders’ wealth while trademark and trade Secret were indicating a positive, however, insignificant impact on shareholders’ wealth. Further, intellectual property announcements were positively and significantly impacted on the shareholders’ wealth followed by the abnormal returns in the short run. Based on the findings the study concluded that goodwill, patent, and IP announcements significantly impact on maximizing the shareholders’ wealth. The study directs the research literature into a new direction towards identifying the impact of intellectual property announcements on shareholders’ wealth of industry of technology. This research recommends that the shareholders of technological firms can obtain higher returns through the Patent and Goodwill, and further justifies that they can maximize the shareholders’ wealth through intellectual property announcements. 2020-12-19T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/susl/3629 IMPACT OF BANK EFFICIENCY ON BANKING SECTOR DEVELOPEMENT IN SRI LANKA ASHA, M.A.A The study investigates the impact of bank efficiency on banking sector development in Sri Lanka. The data gathered through the World Bank database over the period from 1977 to 2018. The study employed ARDL model and apply three-stages of analysis procedure to enhance the objectives. In this study, the banking sector development has defined through develop a composite index using separate proxies for banking sector size, stability and banking access dimensions. The bank efficiency measured by using Private sector credit to GDP. The banking sector development used as dependent variable and bank efficiency as independent variable. Also, the economic growth, inflation, trade openness and financial openness represent the macro-economic determinants of the banking sector development. The study found that the bank efficiency, economic growth and trade openness have positive significant impact on banking sector development in long run. The economic growth shows statistically significant negative impact on banking sector development in short run. But the inflation and financial openness found as insignificant determinants of the banking sector development in Sri Lanka. The overall banking sector development and bank efficiency estimates indicate that the banks can still improve their level of development as well as the efficiency. Since, the banks should be encouraged to lend to the entire economy as against favoring specific sectors and the government should avoid the finance for budget deficit from the private sector in order to crowd out private sector investments. Further, financial reforms should further strengthened to reap large amount of foreign currencies. 2020-12-19T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/susl/3628 EXTERNAL DEBT SUSTAINABILITY AND ECONOMIC GROWTH IN SRI LANKA SASANIKA, K.K.N.T. This research aimed to investigate the relationship between External Debt Sustainability and Economic Growth in Sri Lanka. Research area is limited the study knowledge to global context. Therefore this study was initiated to fill Empirical gap. Also, to the researcher’s knowledge, in Sri Lankan context there is no study that has made comprehensive treatment to the study area and because of there is no study that included statistics after 2000, Performance Gap will be also addressed. This study is based on quantitative measures. Study ran an ARDL causal relationship test to identify the relationship between Debt Sustainability and the Economic Growth in Sri Lanka. Model is more robust and performs better for small sample size of data which suitable for this research also. Augmented Dicky-Fuller (ADF) test was carried to check unit root and to identify the Long-run equilibrium relationship between each variable. Gross Domestic Product, External Debt Servicing, Human Capital, Labour Force and Capital Stock variables were employed in this study. Data were collected from Department of Census & Statistics Sri Lanka, Annual Reports of Central Bank of Sri Lanka, World Development Indicators (World Bank) and Economic & Social Statistics (Central Bank of Sri Lanka) for 30 years from 1990 to 2019. Study found that the External Debt Sustainability does not have a long run relationship with Economic Growth in Sri Lanka. Study also identified that there are three variables with significant impact on Gross National Product. Only the External Debt Servicing variable does not have a significant impact on Gross National Product. 2020-12-19T00:00:00Z http://repo.lib.sab.ac.lk:8080/xmlui/handle/susl/3627 IMPACT OF OWNER – BASED AND LENDER-BASED GOVERNANCE MACHANISM ON FIRM FINANCIAL PERFORMANCE OF LISTED COMPANIES IN SRI LANKA Piyasena, R. M. A. P. This study examines the impact of both Owner-based and Lender Based Governance mechanisms on the firm financial performance in terms of three aspects, namely Profitability, Firm Value, and Firm Survival. The study was done using quantitative research methods with a deductive approach. The Secondary data was collected sample consist of 50 listed companies in Sri Lanka for the period of Eight years from 2012 to 2019. The data were tested using Panel Data Regression. The results indicate that the Owner- Governance Mechanisms would enhance the firm value. The Lender Governance Mechanism significantly impacts firm profitability, firm value, and firm survival. However, the latter aids sustain the corporates, by attenuating firm distress level. In conclusion, the two types of corporate financiers have got divergent expectations which they try to assure through their own governance mechanisms. The latter helps, however, support the companies, by attenuating the level of firm distress. In conclusion, the two types of corporate financiers have divergent standards that they try to guarantee over the organization (investor) by their own governance structures, as evidenced by various effects on three aspects of corporate financial efficiency. Therefore, both structures of governance must be regarded as relevant Factors in assessing the various types of the financial success of companies. 2020-12-19T00:00:00Z