Corporate governance and postcolonialism: the experience of Sri Lanka

Manawaduge, Athula S; Zoysa, Anura De; Rudkin, Kathleen M

doi:10.1504/ijcg.2018.091272

Cited by 2 publications

(2 citation statements)

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“…Consequently, 84% of European listed companies altered CEO duality role to non-CEO duality. Nirosha Hewa Manawaduge (2012) affirmed in her research that in Sri Lanka, individuals have unfettered powers of decision due to the authority in a company as evinced in the Sri Lankan mandatory code of practices. Through the agency theory, Fama & Jensen (1983) clarify that CEO duality becomes a shackle for a board's ability to supervise management, which creates agency problems.…”

Section: Ceo Dualitymentioning

confidence: 98%

Corporate governance and corporate profitability: evidence from Sri Lanka

Anandasayanan

2022

J. Bus. Stud.

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The poor performance of commercial organizations is frequently attributed to the absence of effective corporate governance. Developed economies with a strong private sector and well-established corporate governance systems consistently post high and steady growth rates. The main purpose of this study is to explore the effect of corporate governance mechanisms on a firm's Return of listed companies in CSE. Data collection was carried out on the 208 companies during the period 2015 to 2020. Size of the board, Board composition, Chief Executive Duality, and Institutional ownership were taken as the explanatory measures and ROA was taken as a proxy of corporate profitability. Furthermore, firm size, and firm age and Debt to Equity Ratio were taken as control measures. To explore the effect of governance mechanisms on a firm's Return, panel data regression was applied. According to the results of the panel data analysis, Board size, Board composition, and firm size have a significant impact on the profitability of the listed companies in Sri Lanka. Moreover, institutional ownership and CEO duality have no impact on Return on Assets. In the normality test, the p-value of the Jarque–Bera value for all models is found to be greater than 0.05. This satisfies the point that the residual has the normality. The findings of this research are vital for policy implications in Sri Lanka.

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Section: Ceo Dualitymentioning

confidence: 98%

Corporate governance and corporate profitability: evidence from Sri Lanka

Anandasayanan

2022

J. Bus. Stud.

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“…Banking, finance, and insurance sector' companies (47 companies) were excluded from the sample due to double regulations and were significantly different from other sectors' reporting practices in Sri Lanka. A similar approach was used by Imam and Malik (2007), Manawaduge (2012) and Kalainathan and Kaliaperumal (2014). Finally, 53 companies were drawn to the final sample.…”

Section: Sample: Identifying Ir-adopters and Non-adoptersmentioning

confidence: 99%

Improving Quality of Information: Does Integrated Reporting matter? Evidence from Sri Lankan Listed Companies

Bandara,

Wijesinghe

2023

jabminternational

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This study examines the information quality of Integrated Reporting (IR) adopted companies compared to non-adopted companies. Information Quality was measured in terms of the decision usefulness approach based on fundamental Qualitative Characteristics (QCs) of financial information. Data were collected through annual reports of listed companies of 26 IR-adopters and 27 non-adopters for 2010 (pre-adoption year) and 2019 (post-adoption year). The results revealed IR-adopters have significantly improved information quality from 2010 to 2019 compared to non-adopters. Also, there is a significant positive relationship between the information quality of IR-adopters with the number of years of experience in IR. Our novel QCs-based quality measurement index provides numerical measures for evaluating information quality. The study shows that IR has achieved its overall objective of improving information quality in the Sri Lankan context. Thus, it provides moral confidence for the firms expecting to adopt IR to improve their information quality in the future.

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Corporate governance and postcolonialism: the experience of Sri Lanka

Cited by 2 publications

References 0 publications

Corporate governance and corporate profitability: evidence from Sri Lanka

Corporate governance and corporate profitability: evidence from Sri Lanka

Improving Quality of Information: Does Integrated Reporting matter? Evidence from Sri Lankan Listed Companies

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