Nimalathasan Balasundaram

• PhD; MIMSL; MCPM
• Professor at University of Jaffna

Internal audit plays a major role on overall performance of the organization. Generally internal audit involves with monitoring of internal control, examination of financial and operation information, review of efficiency and effectiveness of operation, review of compliance with laws, regulations, other external requirements, management policies an...

The main aim of this study is to find out mean difference between budgeted total revenue, expenditure and actual total revenue and expenditure of Sri Lanka from 2005 to 2017. Budget deficit is a major problem in Sri Lanka. Budget deficit of the country is increasing in every year. Every country is trying to reduce the budget deficit and it has budg...

The main focus of this study is to identify impact of historical cost and fair value on selected financial ratios of selected listed plantation companies in Colombo Stock Exchange (CSE) from the financial year 2009/10 to 2014/15. International financial reporting standard (IFRS) very clearly states that biological assets which mean living plants an...

From the Desk of Editor Dear Readers, It gives me immense pleasure to present you the issue of Assam University Journal of Management (AUJM) owned by the Department of Business Administration, J.N. School of Management, Assam University, Silchar. The issues focuses different facets of business scenario, must known by the readers, researchers,...

Capital structure is one of the most complex areas of financial decision making because of its interrelationship with other financial decision variables. Capital structure choice is an important decision for a firm. It is important not only from returns maximization point of view, but also because this decision has a great impact on a firm's abilit...

This research on " Market Efficiency and Its Impact on Share price: A Study of Listed Manufacturing Companies in Sri Lanka. " it is designed to give some idea of the relationship between share prices and related variables such as dividend announcement and earning etc. Qualitative approach was utilized in this study, which is conducted by considerin...

The banking sector of developing countries is different from the developed countries. The banking sector of Sri Lanka plays a vital role in the Sri Lankan Economy specially commercial banks are playing a major role in the banking sector of Sri Lanka. There are two types of commercials banks in Sri Lanka such as public and private commercial banks h...

The purpose of this research is to provide empirical evidence concerning value relevance of accounting information such as Earning per Share (EPS), Net Assets Value Per Share (NAVPS), and Return On Equity (ROE) and Price Earnings Ratio (P/R) to Share Prices (SP) of manufacturing companies in Colombo Stock Exchange (CSE). Quantitative approaches wer...

Dividend policy is one of the most complex aspects in finance. The reality is that dividend policy is more commonly an instrument of wealth distribution than it is an instrument of wealth creation. The study of firm performance determinants is a central question for strategic management. In this study, an attempt has been made to analyze the Divide...

The board characteristics are generally seen as the major corporate control mechanism in Sri Lanka. Board characteristics and capital structure are correlated but a casual effect has not been established yet. The goal of this paper is to study this issue by identifying a specific channel through board characteristics affect capital structure. This...

The main purposes of this study are to identify significant impact on Working Capital Management (WCM) on profitability and find out the relationship between WCM and profitability of selected listed Beverage, Food and Tobacco Companies in Colombo Stock Exchange (CSE) from the financial year 2008 to 2012. Regression and Correlation analysis were per...

This study examines the impact of value relevance of accounting information on market vulnerability of the listed manufacturing companies in Colombo stock exchange (CSE). Using one of accounting based measure of market vulnerability which is measured by market price per share. The sample of this study composed of twelve companies listed in the CSE...

The main purpose of this study is to identify the decision-making styles of Sri Lankan managers. In this study, a sample of 150 managers in various organizations was surveyed. Following Ali's questionnaire (1993), managerial DMS were classified into autocratic, pseudo-consultative, consultative, participative, pseudo-participative, and delegative....

ABSTRACT: The purpose of this study was to examine factors influencing career choice among the second year undergraduate students, Faculty of Management Studies & Commerce, University of Jaffna, Sri Lanka. The factors investigated included such as personal or self, associate with family and relations, within the university and others, associate wit...

The main objectives of this study are to find out the relationship between corporate governance and banking performance and also find out the impact of corporate governance on banking performance. This study focused on four aspects of corporate governance namely; Board Size (BS), Board Diversity (BD), Outside Directors Percentage (OSDP) & Board Mee...

Abstract— Liquidity management and profitability are very important issues in the growth and survival of business and the ability to handle the trade-off between the two a source of concern for financial managers.The study is also aimed at finding the effect of changes in liquidity levels on profitability of manufacturing companies in Sri Lanka. Th...

This study investigates the impact of leverage on earnings and share price of listed companies on Colombo Stock Exchange (CSE) in Sri Lanka. The study was identified 20 companies listed on the CSE for the period from year 2007/2008 to 2011/2012.The Degree of Operating Leverages (DOL), Degree of Financial Leverage (DFL) & Degree of Combined Leverage...

This study investigates the impact of leverage on earnings and share price of listed companies on Colombo Stock Exchange (CSE) in Sri Lanka. The study was identified 20 companies listed on the CSE for the period from year 2007/2008 to 2011/2012.The Degree of Operating Leverages (DOL), Degree of Financial Leverage (DFL) & Degree of Combined Leverage...

The study presents a new model of personal demographic factors and entrepreneurial intention among undergraduates. Quantitative approach was utilized in this study; the survey instrument in the form of close-ended questionnaire was developed for the purpose of collecting the main data for the study. The study was limited to Management undergraduate...

The boards of directors play a critical role in monitoring companies in Sri Lanka. However, it is possible that board director’s characteristics are important in the hotels and restaurants due to the nature of business and the effect of government regulations, both of which limit to managerial discretion. This study examines the relation between...

The main objective of the study is to determine the profitability of listed manufacturing companies in Sri Lanka. In order to meet the objectives of the study, data were collected from secondary sources mainly from financial report of the selected companies, which were published by Colombo stock exchange in Sri Lanka. The results revealed that the...

Valued Added (VA) is a recent financial tool that helps to determine the true shareholder wealth contribution of companies. VA application in companies is relatively new. In this study, an attempt has been made to analyze the VA and financial performance during 2006 to 2010 (05 years) financial year of listed manufacturing companies in Sri Lanka. F...

The main objective of the study is to explore the relationship between Entrepreneurial Motivation (EM) and Entrepreneurial Intention (EI). Secondary literature reviews and primary data collections methods were used to conduct the study. Stratified proportionate sampling method was adopted to select the respondents. Correlation analysis was used to...

The main objective of the study is to analysis the women entrepreneurs in Northern District and their organizational performance. Secondary literature reviews and primary data collections methods were used to conduct the study effectively. Random sampling method was adopted to select the respondents. The structural equation model was used in this s...

Leadership has been viewed from multiple perspectives like leaders’ personal characteristics, the nature of the organizational context and characteristics of subordinates. The behaviors are generic ones applicable to all types of leaders and organization and they may interactions with subordinates. Women are engaged in business for income generatio...

Industrial Relations (IR) is an inter-disciplinary field that encompasses the study of all aspects of people at work. IR is a fascinating subject for the study understanding discussion and practice, as it covers the whole range of human relations within industry. IR is a combination of various social sciences, the cumulative effect of which is to g...

This Study presents a new model of entrepreneurial motivation and examines the impact / influence of entrepreneurial motivation on self employment intention. Both quantitative and qualitative approach were utilized in this study, in the quantitative approach, the desirability of self employment, feasibility of self employment, tolerance for risk an...

An attempt was to enquire into the entire gamut of the Lanka Aluminium Industries Plc (LALU) affairs by diagnosing the financial health, particularly, aspects of liquidity, assets management, debt-financing and profitability, applying the techniques of ratio analysis on accounting information for a period five years (i.e., 2006-2010). The result re...

All developed and developing countries have recognized the importance of the development of SMEs, because, they play a significant role in economic development. SMEs perform as a useful vehicle for economic growth of countries, because they have the capacity to achieve rapid economic growth, while generating a considerable extent of employment oppo...

Financial system of a country is broadly the mechanism in the financial market which deals with the business or transactions in money. The banking sector is moving towards the goal of integrated financial services because of the strong competition and quick changes of technology. In developing countries like Sri Lanka, banking sector provides fund...

PURPOSE: To examine the level of entrepreneurial intention among management undergraduates in the University of Jaffna, Sri Lanka. DESIGN/METHODOLOGY/APPROACH: Qualitative approach was utilized in this study, especially three final year students (one male & two female students) and three scholars in the entrepreneurship academic field (Two male sen...

The main objective of the study is to identify the impact of Systematic risk management on Profitability, during 2007 to 2011 (05 years). In the present study, Systematic Risk Management [i.e., Degree of Financial leverage (DFL) and Degree of Operating leverage (DOL) as independent variable and Profitability (i.e., Net Profit, Return on Capital Emp...

The present study provides of cash conversion cycle (CCC) and profitability of selected listed manufacturing companies during the period from financial year 2006 to 2010. In order to select the sample, convenience sampling technique was used. Further the study suitably used secondary data. Correlation and regression analysis were performed. Results...

Purpose - The objective of this paper is to examine the impact of human resource management (HRM) practices on the market performance of manufacturing industries in Bangladesh. As one of the pioneer studies, we hope that this research will convince organizations that by adopting systematic and efficient HRM practices, they will achieve competitive...

This article focused on the financial performance analysis of mutual fund schemes (equity diversified schemes and equity mid-cap schemes) of selected banks (State Bank of India, Canara Bank- Public Bank, ICICI Bank, HDFC Bank-Private Bank).The objectives of this research work is to analysis the financial performance of selected mutual fund schemes...

Abstract-Many industrial enterprises today are teetering on the edge of disaster. Excessive downsizing has created employees who find themselves overworked, underappreciated and constantly seesawing between exhaustion and fear. Competition in the workplace is fierce and many new recruits feel a need to turn to aggressive tactics to get ahead of the...

Abstract An efficient banking system facilitates linkage between mobilization and use of resources, which accelerates the process of economic growth. It is a widely accepted belief that a banking system which relies on a wide array of banking products, is able to carry out this function because it increases the efficiency of a banking systems to a...

The main objective of the study is to explore the relationship between Entrepreneurial Motivation (EM) and Entrepreneurial Intention (EI). Secondary literature reviews and primary data collections methods were used to conduct the study. Stratified proportionate sampling method was adopted to select the respondents. Correlation analysis was used to...

This Study presents a new model of entrepreneurial motivation and examines the impact / influence of entrepreneurial motivation on self employment intention. Both quantitative and qualitative approach were utilized in this study, in the quantitative approach, the desirability of self employment, feasibility of self employment, tolerance for risk an...

India can generate additional economic growth by fostering entrepreneurial activity within its borders. To pursue further the entrepreneurial approach to economic growth, India must now provide opportunities for (1) education directed specifically at entrepreneurial skills, (2) financing of entrepreneurial efforts, and (3) networking among potentia...

Over the year’s bonus issues announcements and share prices have been subjected to many empirical discussions within the finance literatures. To the knowledge of the researchers very few studies have attempted to observe bonus issue announcement and share prices in Sri Lanka. In attempt to fill this research gap the present study was initiated to f...

Efficient market is one in which prices fully reflect available information. An implication of an efficient market is that no excess returns can be made from this information because current prices already reflect the information. However, excess returns (if any) should not be statistically significant from zero. Market efficiency depends on the ab...

In the present day context of rising capital cost and scare funds, the importance of working capital (WC) needs special emphasis. The inefficient management of WC not only reduces profitability but ultimately may also lead a concern to financial crisis. For the purpose of this study, the data was extracted from the annual reports of sample companie...

In today’s highly competitive business environment long-term capital investments have become a critical issue. Organizations are still making efforts to understand suitable capital budgeting techniques. The importance has been given to capital investment for the creation of shareholder wealth for individual firms. It is vital to investigate the pra...

Job satisfaction has been widely researched in the field of human resource management and organizational behaviour. It is defined as an individual’s general attitude regarding his or her job. The study aimed at exploring the difference between academic professional of public and private universities in Bangladesh with respect to overall job satisfa...

Every organization is ready to pay any means to identify and understand the customers and their needs. It is an effective reaction of the consumers when their desires and expectations have been either met or exceeded in the course of experiencing the service. In the context of a retail supermarket, satisfaction could be interpreted as just meeting...

This study investigates the ability of the Sri Lankan political incidents of Sri Lanka and their impact on the share prices of listed companies in Colombo stock exchange (CSE) in Sri Lanka and whether political incidents have significant different impact on the manufacturing and non manufacturing sector. The present study used the ‘standard-event s...

The present study attempted to differentiate quality of work life (QOWL) among public and private universities’ academic professionals in the context of Bangladesh through using ‘discriminant Analysis’. The study reveals that out of the four factors of QoWL like ‘creativity of outside work’, and ‘payment for work’ are significantly differentiated b...

In general terms, an internship is viewed as a short-term practical work experience in which internees receive training and gain experience in a specific field or career area of their interest. The internship experience enables internee to apply classroom theory within the actual world of work thus bridging the gap between theory and practice. The...

The present study is initiated on factor analytic investigation of management attitudes towards internees' performance in different organizations in Bangladesh. Random and purposive sampling is used for drawing samples for this study. The questionnaire is designed by the researchers a five point Likert scale (1-excellent; 2-very good; 3-good; 4-ave...

Entrepreneurship Development (ED), proved to be critical resources, is an important factor in economic uplift and growth of developing countries. There is a paramount importance of the subject for the employment generation and increasing productivity. The study highlights entrepreneurship development potentiality in Bangladesh and pointing out less...

A business enterprise specifically a company is a conscious, deliberate and purposeful creation for satisfying the domain of aspiration of the society at large. It is an independent and a separate legal entity. The survival stability and growth of such entity within society largely depend on the wealth created by it through the collective efforts o...

Impact of human resource management practices on organizational performance has been a widely researched area for years. But unfortunately, very insufficient number of studies have been conducted on this area in the context of Bangladesh and other developing countries. This study was undertaken to fill this obvious research gap. Data collected from...

Industrial Relations (IR) usually refer to relationships between labour and capital that grow out of employment. There are two parties in the ‘employment’ relationship-labour and management. Both parties need to work in a spirit of cooperation, adjustment, and accommodation. In their own mutual interest certain rules for co-existence are framed and...

The banking organisations, today, is moving towards the goal of integrated financial services because of the strong competition and quick changes of technology. In developing countries like Sri Lanka, banking organisations provide fund for other organisatinal developments. The financial sector in SriLanka started as a part of their overall economic...

Women from an important segment of the labour force and the economic role-played by them cannot be isolated from the frame work of development. The role of women as business owners is gradually increasing all over the world. Women entrepreneurship development is the instrument of women empowerment. Empowerment leads to self-fulfilment and women bec...

The present study describes the relation between social responsibility and financial performance of enterprises. In fact relevant financial data of the sample enterprises have been reviewed to give a picture of the social responsibility and financial performance in this regard. The results revealed that there is a mixed evidence of the impact of so...

This study aimed at exploring the impact of HR practices on job satisfaction in the context of Bangladesh. A total 60 responses from 20 manufacturing firms were collected and analyzed objectively. It was found that HR practices have significant association with job satisfaction (JS). In addition, human resource planning (HRP), and training and deve...

Ready-made Garments (RMGs) industry is one of the Bangladesh’s success stories. Like many developing countries Bangladesh was encouraged in the late seventies into the garments industry. The RMGs in Bangladesh is characterised by small and medium sized privately owned enterprise. The industry has attained phenomenal growth over the past fifteen yea...

To make the best use of human resources, an organization must be given more attention to the human network (interpersonal relationship), the nature and content of their jobs. The job design of organization can have a significant effect on organizational performance (OP) and thereby, the proper attention needs to be given to the Quality of Work Life...

The present study was attempted to rank bond market development factors with respect to their importance in the context of Bangladesh through ‘Principal Components Varimax Rotated Method ’. The study was complied with help of primary and secondary data. In this case, the researchers selected ninety companies from a list of different economically im...

Employees are the most valuable asset in any organization. A successful and highly productive business can be achieved by engaging them in improving their performance. All employees are not equal in their working and they have different modes of working like some have highest capability regardless of the incentive but other may have occasional jump...

The present study attempted to rank quality of work life (QoWL) practices with respect to their importance in the context of Bangladesh through using ‘Exploratory Factor Analysis’ (EFA). The results show that four factors (QoWL practices) extracted from the analysis explain 56.754% of the total variance. These four practices such as ‘job benefits f...

In developing countries like Sri Lanka it has been widely recognized that the entrepreneurship development is essential not only to solve the problem of unemployment but also to achieve higher level of economic development and growth. Entrepreneurship development through business education is very important because entrepreneurship is a kind of sel...

Entrepreneurial activities create incremental wealth, which is a precondition to economic growth. Entrepreneurship nowadays is universally recognized as critical resource in the economic development process of a country. In view of this fact entrepreneurship development received serious attention among the policymakers, planners and development eco...

Customers are more challenging component for any organisation rather than their competitors. Their buying behaviours are fickle, at least three times a year expecting the best deal from the suppliers. Loyalty becomes a winning factor for any organisation facilitating with high productivity, solid profit and feasibility for steady expansion, competi...

Main purpose of the study is to identify the impact of working capital management on profitability of selected listed manufacturing companies from financial year 2003-2007. Correlation and regression analysis were performed. Results reveals that cash conversion cycle (CCC) and return on assets (ROA) are negatively correlated the value of -0.127 whi...

The present study attempted to rank Human Resource (HR) practices with respect to their importance in the context of Bangladesh through using ‘Exploratory Factor Analysis’ (EFA). The results show that five factors (HR practices) extracted from the analysis explain 83.667% of the total variance. These five HR practices such as ‘extensive training’,...

Compensation is one the most important functions of human resource management (HRM). The present study aimed at exploring differences between the public and private sector industrial enterprises of Bangladesh with respect to overall status of compensation practices. Data collected from twenty six public and thirty four private sector industrial ent...

Bank is old institution that is contributing toward the development of any economy and is treated as an important service industry in modern world. Now days the function of bank is not limited to within the same geographical limits of any country. Due to globalization and free market economy, this industry is facing severe competition in any countr...

For the purpose of this study, the data was extracted from the branches of people’s bank operating within Jaffna peninsula, Sri Lanka. Here, we analysed the data by employing simple correlation analysis. In the analysis, it is found that there is a positive relationship between job satisfaction and employees’ work performance. That is high level of...

The paper is attempted to focus on association between critical, creative thinking and problem solving in accounting researches. The professional accountant must possess thinking skills (i.e., inquisitiveness; open-mindedness; patience, thoroughness, and perseverance) to operate in an increasingly complex environment. These skills assist accountant...

In the globalized and highly competitive era of the present day business environment, firms are under constant pressure to build upon their skills and resources for developing distinctive competencies to withstand market challenges. Such competencies can be around either the lower delivered-cost-position or product differentiation. But building com...

The pharmaceutical market of Bangladesh very much dynamic and competitive and is comparable to those of developed countries. It is a matter of great pleasure that this sector successfully fulfils major portion of local demand of pharmaceutical products and at the same time it is moving forward to explore the international market for chemicals and p...

The pharmaceutical market of Bangladesh very much dynamic and competitive and is comparable to those of developed countries. It is a matter of great pleasure that this sector successfully fulfils major portion of local demand of pharmaceutical products and at the same time it is moving forward to explore the international market for chemicals and p...

The social responsibility of business organisations is getting increased attention in recent years, and a strong perception has developed among the business managers worldwide and that organisations need to be managed in a socially responsible way for economic viability and long term sustainability. Therefore, the social responsibility of businesse...

An efficient banking system facilitates linkage between mobilization and use of resources, which accelerates the process of economic growth. It is a widely accepted belief that a banking system which relies on a wide array of banking products, is able to carry out this function because it increases the efficiency of a banking systems to a large ext...

An efficient banking system facilitates linkage between mobilization and use of resources, which accelerates the process of economic growth. It is a widely accepted belief that a banking system which relies on a wide array of banking products, is able to carry out this function because it increases the efficiency of a banking systems to a large ext...

Inventories are momentous to the management of an organization. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods. As inventories occupy a dominant posit...

Inventories are momentous to the management of an organization. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods. As inventories occupy a dominant posit...

The global economy is creating profound and substantial changes for organisations and industries throughout the world, forcing them to carefully examine their purpose and to design strategies to satisfy their multiple stakeholders. In response to turbulent changes in their external and internal environments, many established companies have restruct...

In practice, entrepreneurs have historically altered the direction of national economies, industries, or markets. They have invented new products and developed organizations and the means of production to bring them to market according to their characteristics. The characteristics of entrepreneurs differ from entrepreneurs to entrepreneurs, even th...

The social responsibility of business organisations is getting increased attention in recent years, and a strong perception has developed among the business managers worldwide and that organisations need to be managed in a socially responsible way for economic viability and long term sustainability. Therefore, the social responsibility of businesse...

The global economy is creating substantial changes for organizations and industries throughout the world. These changes make it necessary for business firms to carefully examine their purposes and to devote a great deal of attention to selecting strategies. These strategies pursue the levels of success that are highly probable to satisfy multiple s...

Factor Analysis (FA) attempts to simplify complex and diverse relationships that exist among a set of observed variables by uncovering common dimensions or factors that link together the seemingly unrelated variables and consequently provides insight into the significance of underlying structure of the data. This state of affairs might produce some...

The present study has been attempted to understand and explain the job satisfaction, which influenced by utilitarian reasons (e.g., to increase productivity and organizational commitment, lower absenteeism and turnover, and ultimately increase organizational effectiveness) as well as humanitarian interests (i.e., the notion that employees deserve t...

Social Responsibility of business has now being widely recognised and emphasised for practice although its origin dates back to long past. A business has to be socially responsible owing to the pressures like changing expectations of stakeholders, restructuring of international business rules, continuous pressure to improve the quality of products...

Financial analysis offers a system of appraisal and evaluation of a firm’s performance and operations. Hence, performance evaluation is important for the management, so that they can locate strength and weaknesses of their units. The analysis of financial statements can be best done by various yardsticks of which, the important one is known as rati...

Entrepreneurship Development (ED), proved to be critical resources, is an important factor in economic uplift and growth of developing countries. There is a paramount importance of the subject for the employment generation and increasing productivity. The study highlights entrepreneurship development potentiality in Bangladesh and pointing out less...