Research
A Study of Planning of Human Resources in Outpatient Department at District Siddha Ayurveda Hospitals in Vavuniya District
Human Resource Planning (HRP) is considered as the first and primary practice of human resource management and plays a crucial role in determining the success of organization. Effective human resource planning allows management to recruit, develop and deploy the right people at the right place at the right time, to meet organizational internal and external service level commitments. Most public organization in Sri Lanka today are facing challenges regarding implementing the effective HRP in order to achieve their goals and objectives. In this sense, indigenous hospitals also face challenges to implement proper HRP system to provide quality service and achieve patient’s satisfaction. In Sri Lankan context, the topic effective HRP in Ayurvedic Hospitals rarely conducted in the past. Hence, there is a research gap prevailing there. Therefore, in order to fill this research gap, this study was conducted with the objective of explore the HRP in OPD at Ayurvedic hospitals in Vavuniya district. In order to achieve the study objectives, primary data were collected from 67 staff of Ayurvedic Hospitals in Vavuniya district. The data were analyzed by using univariate analysis. Findings of the study revealed that, Ayurvedic Hospitals in Vavuniya district implementing HRP in a low level. Moreover, this study provides some recommendations to further improve the HRP system of Ayurvedic hospitals. This study is useful to improve the quality of HRP system in the organization.
Dividend Policy and Firm Performance: Evidence from the Manufacturing Companies Listed on the Colombo Stock Exchange
Purpose: The main thrust of this study is to find out the relationship between dividend policy and firm performance of listed manufacturing companies in Sri Lanka. Design: A set of listed manufacturing companies have been investigated to using the data representing the periods of 2008 – 2012.Returns on equity and return on assets were used as the determinants of firm performance whereas dividend payout and earnings per share were used as the measures of dividend policy. The statistical tests were used includes: descriptive statistics, correlation and regression analyses. Findings: The study found that determinants of dividend policy are not correlated to the firm performance measures of the organization. Regression model showed that dividend policy don’t affect companies’ ROE and ROA. Further recomm-endations are also put forwarded in the research. Research Limitations: The study only used data from the 2008-2012 annual reports. However, the findings have highlighted the effects of the firm performance and dividend policy. Originality: The study contributes to literature in Sri Lanka. Furthermore, the finding of the paper can be considered as helpful for managers and users that are anxious to develop financial description quality and practices of dividend policy.
Efficiency and Profitability: A Case Study of Banking Sector in Sri Lanka
Organizational efficiency is still important to planning because it enables plans that are possible to achieve profitability. Efficiency measure of how well or how productively resources are used to achieve a goal. Banking sector is important factor for economic development. The study is also aimed at finding the effect of changes in efficiency levels on profitability of banking in Sri Lanka. The study covered banking sector in Sri Lanka over a period of past 5 years from 2008 to 2012. Correlation and regression analysis were used in the analysis and findings suggest that there is a significant relationship exists between efficiency and profitability. However, the findings of this paper are based on a study conducted on the banking sector in Sri Lanka. Results of this study found that the Sales to Total Asset (SA/TA) is significantly correlated with Operating Profit Margin (OPM) and Return on Equity (ROE). At the same time SA/TA and Operating Expenses to Total Assets (OPE/TA) and Loan to Total Assets (LO/TA) are significantly correlated with Net profit Margin (NPM).
Satisfactory Level of Undergraduate Students with Academic Library: A Case study of Faculty of Management Studies and Commerce, University of Jaffna, Sri Lanka
An academic library plays a vital role in order to contribute to its users in an efficient and effective manner to satisfy their thirst of knowledge as well as in our information society. They help to connect people with the ever changing world of information. This article investigates satisfactory level of undergraduates of Faculty of Management Studies & Commerce with the facilities offered by the main library, University of Jaffna. A self-developed questionnaire was used to measure the satisfaction on the statements relating to four dimensions with a sample of 202 students. Mean analysis reflects that students were relatively most satisfied with competence of library staff, followed by information sources, library environment and library general services. According to the regression analysis, library facilities have an impact on undergraduate satisfaction at the rate of 20.1 % which is significant at 0.05 levels.
The Relationship between Capital Structure & Profitability
Capital structure decision is the vital one since the profitability of an enterprise is directly affected by such decision. The successful selection and use of capital is one of the key elements of the firms’ financial strategy. Hence, proper care and attention need to be given while determining capital structure decision. The purpose of this study is to investigate the relationship between capital structure and profitability of ten listed Srilankan banks over the past 8 year period from 2002 to 2009.The data has been analyzed by using descriptive statistics and correlation analysis to find out the association between the variables. Results of the analysis show that there is a negative association between capital structure and profitability except the association between debt to equity and return on equity. Further the results suggest that 89% of total assets in the banking sector of Sri Lanka are represented by debt, confirming the fact that banks are highly geared institutions. The outcomes of the study may guide banks, loan-creditors and policy planners to formulate better policy decisions as far as the capital structure is concerned.
Capital Structure and Profitability in Srilankan Banks
Capital structure has attracted intense debate and scholarly attention across industries in the corporate finance literature over the past decades. Nonetheless, in the context of the banking industry, the subject has received a limited research attention. Capital structure decision is the vital one since the profitability of an enterprise is directly affected by such decision. Hence, proper care and attention need to be given while determining capital structure decision. The study investigated the impact of capital structure on profitability of ten listed Srilankan banks over the past 8 year period from 2002 to 2009.Basedon the findings of the study, there are a few key points that can be used to conclude this study. It is very important that the total debt is the determining factor of profitability in the Banking Industry of Sri Lanka. The outcomes of the study may guide banks, loan-creditors and policy planners to formulate better policy decisions as far as the capital structure is concerned. Further, the study reinforces and refines the body of knowledge relating to capital structure and profitability in Srilankan Banks.
Srilankan Tourism (SLT): A Forecast of Foreign Tourists (FFT)
Tourism has become a popular global leisure activity. Srilankan tourism has beaches, Archeological Sites, National Parks, Elephants, Adventure Sports and Precious stone mining. Sri Lanka has 39 tourist attractions all over the island. The International media reports published about the improvements in tourism industry of January 2008 by 0.6%, March 2008 by 8.6% when comparing to last year's (2007) figures. The 2004 Indian Ocean Tsunami and the past civil war have reduced tourist arrivals but Sri Lanka received over half a million tourists in 2006. Number of tourists’ arrival was 559600 in the year 2006. From secondary data analysis and literature review, research problem exists on two important variables such as period (year) and tourist (number of tourists’ arrivals to Sri Lanka). Objectives of this research are to know the relationship between years and number of tourists’ arrivals and to forecast number of tourist arrivals during the next five years. Target population are those who visit to Sri Lanka as foreign tourist. Number of foreign tourists is known from secondary data. Since the study involved entire target population there was no need to select sample of foreign tourists visiting Sri Lanka. Researcher concentrated on all foreign tourists as a target population study. Data were collected using secondary source. SPSS with the version of 16.0 and Excell 2007 were used as an analytical tool fordata presentation & analysis. Scatter plot showed that number of tourists who visited to Sri Lanka have increased from early 2001 to 2004. There were a slight declined number of tourists in the year 2005 than year 2004. A further decline started from 2006 to 2008. Number of tourists increased from 2009 onwards. Minimum and maximum tourists who visited to Sri Lanka were 336800 and 654477during the last decade. Totally, 5,340,977 tourists have arrived Sri Lanka. 486,000 tourists have come to Sri Lanka on an average basis. Pearson Correlation indicates the value of 0
Customer Relationship Marketing and Customer Satisfaction: A Study on Mobile Service Providing Companies in Sri Lanka
In the present era, customer relationship marketing plays a vital role. The major goals of customer relationship marketing can be expressed simply as understanding and treating customers better for increased loyalty and profit. Main purpose of the study is examining the relationship between customer relationship marketing and customer satisfaction. Customer relationship marketing can be measured through following ten variables trust, commitment, empathy and equity. Data were collected through a seven points Likert type summated rating scales of questionnaire. A sample of one hundred and seven customers was surveyed from three mobile service providing companies such as Airtel, Dialog, and Mobitel. Correlation and regression analyzed has been employed to measure relationship and contribution among the dependent and independent variables.
