Professor H.D.D.Champika Liyanagamage | Open University of Sri Lanka (original) (raw)

Papers by Professor H.D.D.Champika Liyanagamage

Journal of Economic Studies, 2017

Purpose The degree and impact of competitiveness in the banking sector is of great importance as ... more Purpose The degree and impact of competitiveness in the banking sector is of great importance as this has great impact on the financial system and the wider economy. A question of interest here is, does competition in the commercial banking sector boost or hamper economic growth. The purpose of this paper is to test the hypothesis that competitiveness in commercial banking is linked to economic growth. Design/methodology/approach The authors use the Boone (2008) indicator to estimate competitiveness of banking markets in ten frontier countries in Africa from 2005 to 2012. This model measures banking competitiveness by assessing the relationship between relative marginal costs and relative market share. Through a panel data model, the authors examine the effect banking sector competitiveness has on economic growth. Findings The results of Boone (2008) indicator suggest that, to a greater extent, banks in the countries studied have a competitive banking sector. The results of the pane...

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The degree of competition is an important aspect of financial sector development and, in turn, ec... more The degree of competition is an important aspect of financial sector development and, in turn, economic growth. However banks in the developing countries are competing in an environment where the financial infrastructure or the prerequisites for such competition is scarce. Hence, the present paper aims at assessing and identifying the macroeconomic forces that drive competition in the banking sector of Sri Lanka. The study covers both micro and macro level data for all 25 banks in Sri Lankan commercial banking sector for the period 1996 to 2015. The econometric model developed in this study comprised six major categories of variables; bank market structure, contestability, inter-industry competition, regulatory policies, bank efficiency and economic development. The study found a strong evidence to support a positive effect market structure suggesting state bank concentration promotes competitive behavior of other banks in the short run. Overall, the study identifies the macro envir...

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Entry and operation of foreign banks is generally thought to have favorable effects on the develo... more Entry and operation of foreign banks is generally thought to have favorable effects on the development of host banking systems, through increased competition. By using an extensive set of panel data for the period 1996-2010, the present paper tries to empirically test the effect of foreign bank competition on the competition of the domestic banking sector of Sri Lanka. The degree of competition measured with Panzar Ross H statistic lends support for a moderately competitive domestic banking sector and low competitive foreign banking sector in Sri Lanka. More interestingly, the H statistics estimated for two sub sets depicts a counteraction in competitive behaviour. Contrary to common wisdom the results of the present study further indicate that, for the period 1996–2010, competitiveness of foreign banks has negatively affected on the competitiveness of the domestic banking sector in Sri Lanka

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International Conference of Business Management, 2009

Growth is regarded as essential if companies are to remain vital and competitive. Using a large u... more Growth is regarded as essential if companies are to remain vital and competitive. Using a large unbalanced panel data set of Sri Lankan listed companies surviving over the period of 1997 to 2006, the purpose of this study is to examine the deterrninants of firm growth. The fixed effect panel data regression model used in this study indigenizes both micro and macro variables as determinants of firms' growth measured with market to book value of equity. The results of the regression revealed that availability of financial resources proved to be important determinants of firm growth. Both internally generated firnds and the use of debt finance provide means to finance more growth opportunities as these factors proved to be the most statistically significant explaining the growth of firms analyzed. Further, the overall economic performance of the country together with well performing equity market also helps to boost firms' growth.
Key Words: firm's growth, panel data, firm specific factors, macro economic factors, sectorial diversity.

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International Conference on Accounting and Finance, 2014

Much of the recent debate seems to assume that perfect competition in the banking sector is ideal... more Much of the recent debate seems to assume that perfect competition in the banking sector is ideal. The common wisdom would hold that restraining competitive forces should unequivocally produce welfare losses. Substantial convergence of recent research interest witnesses an opening debate which challenges the traditional theories highlighting the positive role of bank competition. The role of information in credit markets, concern on stability in the financial markets, less common but multiple effects of bank competition on economies and dynamics in economic environments of countries are some of the exceptions to competition-efficiency wisdom. The main conclusion that seems to emerge from the review of the current literature is that the market structure of the banking industry and the related conduct of banking firms affect the economy in a much more complicated way than through the simple association explained in conventional theories. Further, whether bank competition enhances efficiency or not might vary for markets of different sizes and across different institutional environments and ownership structures of the banking systems.

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Proceedings of Annual Research Session, University of Colombo, 2012

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Proceedings of International Research Conference on Knowledge for Growth and Development , 2007

The empirical studies reveal that the target capital structure of a firm is a function of both fi... more The empirical studies reveal that the target capital structure of a firm is a function of both firm-specific and macroeconomic factors. Thus, optimal capital structure is a dynamic phenomenon that could vary both over cross section of firms as well as over time. As adjustment cost and constraints may prevent firms from adjusting completely to their target capital structures, corporate financial officers may have to pay continuous attention in order to adjust the capital structure appropriately with the changes taking place in both micro and macro environment. The study aims to understand the adjustment behaviour of financial leverage and its dynamics in Sri Lankan firms through a sample of 74 firms listed in Colombo Stock Exchange (CSE) from 1996 to 2004. The dynamic adjustment model used in the study indigenizes the target leverage as well as the adjustment speed by applying both micro and macro variables as determinants of capital structure and adjustment speed. The study finds that Sri Lankan firms are comparatively underleveraged but are inclined to marginally increase the utilization of leverage when economic prospects are good. The riskier, faster growing, relatively small and less profitable firms target more debt for their capital structure. Firms that are further away from their leverage target adjust faster than others. The aqjustment speed is positively influenced by risk, short-term debt, and size, and negatively by growth opportunities and stock price. Moreover, Sri Lankan firms demonstrated a market timing behaviour in adjusting their capital structure. The existence of frictions and less competition in financial markets could have greatly shaped the financing behaviour of Sri Lankan firms like in other developing countries making external finance premiums higher and prohibitive and high reliance on internal financing especially by profitable firms.

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Conference Proceedings of National Center for Advanced Studies, 2019

Since the global market place thrived upon the supply chain elements that are vastly and geograph... more Since the global market place thrived upon the supply chain elements that are vastly and geographically displaced, the effective integration of these elements was seen crucial in achieving the global competitiveness. Hence, both practitioners and researchers consider the Supply Chain Integration (SCI) as an integral contributor towards the success of the Supply chain management strategy. The present study employs the universalists rationale that implied that there is in fact a relationship between the SCI dimensions and the organizational financial and nonfinancial performance. Further, the study focused on the integrations on both internal and external domains through evaluating the key dimensions identified under SCI; information sharing and the operational coordination. Using data collected through a selfadministered structured questionnaire from 50 rubber manufacturing companies in Sri Lanka, the study finds evidence for significant positive impact of operational coordination and the information sharing aspects of the SCI towards both organizational financial and nonfinancial performance. The analysis of the study further revealed that rubber manufacturing companies with frequent and effective information sharing practices among the key supply chain partners generate relatively higher financial and non-financial performance while the companies with frequent and effective level of operational coordination generate relatively lower nonfinancial performance. Hence, the results of the study suggest companies could leverage the nature and the extent of the information shared to increase the financial returns generated. A higher level of relevance results in efficacy and effectiveness of the information shared business organizations enabling an enhanced level of financial performance. Therefore, the business strategy could include more resources dedicated towards the information sharing while relative low focus is being made on the operational coordination.

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Proceedings of Annual Academic Sessions, 2009

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Proceedings of International Conference on Business and Information, 2017

Ergonomics has become an important consideration in organizations especially employing knowledge ... more Ergonomics has become an important consideration in organizations especially employing knowledge workers. This study attempts to explore the impact of Ergonomics on the performance of the employees of the IT sector in Sri Lanka. A sample of 161 IT professionals serving at different levels of organizations at different junctures in their careers from several organizations was taken for this study. Their responses were gathered and analyzed from a quantitative perspective. Office Ambience, Spatial Arrangement, Safety, Equipment & Furniture were taken into consideration. Findings of the study revealed that all four variables are statistically significant and the multiple Regression analysis revealed that Spatial Arrangement was the most significant factor in explaining employee performance. This study serves as proof to owners and leadership of IT organizations that it is, in fact, important that they provide an ergonomically sound work environment for their employees as the impact of ergonomics on their performance is quite considerable.

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Sri Lankan Journal of Real Estate , 2008

This study presents an empirical analysis of capital structure of Land and Property sector of Sri... more This study presents an empirical analysis of capital structure of Land and Property sector of Sri Lankan firms in order to understand the behavior of corporate leverage and its dynamics in the said sector. The dynamic adjustment model and panel methodology are applied on a sample of 14 Sri Lankan listed real estate companies, over a nine year period from 1996 to 2004. The study finds that the firms with relatively higher total assets and younger firms in the sector target more debt to their capital structures. The results further reveal that more liquid firms adjust readily towards the target capital structure. The findings also reveal interesting interrelations between the adjustment speed macro economic variables among Land and Property sector firm in Sri Lanka. For example, the speed of adjustment is higher when the inflation rate is lower.

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Management Issues, 2017

In the complex health care system, adverse events, medical errors and near misses are on the incr... more In the complex health care system, adverse events, medical errors and near misses are on the increase and have become a public health concern in the world. As the patient safety is a key principle of patient care, patient safety culture is an important tenet in the health care industry. The study based on two base hospitals in Sri Lanka with the purpose of exploring the factors affecting patient safety culture in Sri Lankan Hospitals. The sample covers 424 health care workers. Data pertaining to six dimensions of patient safety culture was collected through a self-administered questionnaire. The results of the regression analysis reflected a significant positive impact of all the identified dimensions; perception of patient safety, incident reporting, communication, organizational learning and team work on patients safety culture, while 'communication' having the strongest impact. These findings revealed that patient safety culture is in between pathological and reactive stage in Sri Lanka. The findings further highlight a strong need for patient safety process improvements in Sri Lanka.

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International Journal of Economics, Business and Finance , 2014

This study provides new and rather scarce evidence of effects of bank competition on banking sect... more This study provides new and rather scarce evidence of effects of bank competition on banking sector efficiency in an emerging economy during the period 1996-2010. Using bank level accounting data and applying Panzar-Rosse approach the study finds that Sri Lankan banking market is moderately competitive. Further, by using non parametric (DEA) approach study revealed a moderate level efficiency of Sri Lankan banking sector. The econometric analysis carried out in this paper provides evidence for a U shape relationship between bank competition and efficiency. The moderate level of efficiency of the banking sector is attributed to the moderate level of competition in Sri Lankan banking industry. Moreover, the results of the analysis confirm the long run positive effect of competition on efficiency in the banking sector.

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OIDA International Journal of Sustainable Development, 2018

Traditional Industrial Organization models predict that restraining competitive forces should une... more Traditional Industrial Organization models predict that restraining competitive forces should unequivocally produce welfare losses. However, recent empirical literature questions the conventional wisdom on the topic, and reveals that there is a trade-off between competition and stability of financial market when it focuses on a banking sector which supports sustainable development. This paper attempts to assess whether the current level of competition in the Sri Lankan banking sector is optimum as far as efficiency and stability of the banking sector are concerned. The sample covers a comprehensive set of panel data for the period from 1996 to 2013. Using bank level accounting data and applying Panzar-Rosse approach the study reveals that Sri Lankan banking sector is moderately competitive on average. Further, by using non parametric approach (Data Envelopment Curve analysis) study reveals a moderate level efficiency and as per Z-score high level of instability in the Sri Lankan banking sector. The results of the core analysis provide evidence for U shape relationships of bank competition with efficiency and stability in the Sri Lankan banking sector during the sample period. However the findings of the study do not point out a specific point as an optimum level of competition that should prevail in the banking sector. Rather, it supports to specify a minimum level of competition that should prevail in the Sri Lankan banking sector in order to support sustainable development of the economy by keeping the banking sector more efficient and financially stable. Hence, in conclusion a different approach emerges with underdeveloped countries giving a stronger role to competition authorities to understand the complex relationships between competition, efficiency and stability in the financial sector. Understanding these complexities particularly will help in developing strategies to achieve sustainable development of developing economies.

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International Journal of Applied Economics, Finance and Accounting, 2021

Stock prediction with data mining techniques is one of the interesting areas being investigated i... more Stock prediction with data mining techniques is one of the interesting areas being investigated in recent research. Weighted Moving Average (WMA) technique is one such widely used technique in stock forecasting, in which each historical data term can have its own weightage. One of the main drawbacks of WMA is that there is no exact base to determine those weighting factors. Because of this drawback, the investors can assign arbitrary weightages on periodical data though it is misleading the investment decisions. The present study addresses the limitations in Weighted Moving Average technique and tries to generate more reliable and statistically proven weighting factors for stock price prediction. We develop a more reliable stock predictive model by using a panel data set of quarterly closing stock prices of 41 companies for a period of ten years, approximating a sample size of 1680 observations. The Auto Regressive Moving Average model analysed in our study provides strong evidence for statistically significant impact of past stock prices on current stock prices. The study further found statistically more reliable weight factors for past four quarters which can be used for forecasting future stock prices. The findings of the present study confirm that the weight factor drops as the data become older in a linear pattern.

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Kelaniya Journal of Management , 2015

Banks in the developing countries are competing in an environment where the financial infrastruct... more Banks in the developing countries are competing in an environment where the financial infrastructure or the prerequisites for such competition is lacking. Therefore there is a current debate in banking literature regarding the effect of bank competition on the stability of the banking sector. The present paper provides new and rather scarce evidence of effects of banking sector competition on financial stability of the Sri Lankan banking sector during the period 1996 to 2010. By analyzing a comprehensive set of panel data the study reveals that the Sri Lankan banking sector is moderately competitive as per Panzar and Rosse H-Statistic and, highly unstable as per Z-score. The results of the core analysis provide evidence for a U shape relationship between competition and stability in the Sri Lankan banking sector during the sample period. Hence, a different approach emerges, with underdeveloped countries giving a stronger role to competition authorities to understanding the complex relationship between competition and stability in the financial sector.

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Management Issues, 2019

Cross selling can be a highly effective tool for acquiring new clients to the bank and encouragin... more Cross selling can be a highly effective tool for acquiring new clients to the bank and encouraging multiple product holdings by an individual customer. This study investigates the extent to which the different components of attitudes affect towards motivation to product cross selling of banking sector in Sri Lanka. Three main components as cognitive, affective and behavioral attitudes were identified as independent variables and statistically analyzed to establish their relationship with motivation to product cross selling. The sample covers 230 front line bank employees working in Colombo District branches. The data was collected through a structured questionnaire. Results of the univariate analysis reveal that all three components in relation to attitude have positive associations with motivation to cross selling. More interestingly, the multivariate regression results of our analysis reveal that behavioral attitudes of front line staff is the most influencing attitude component which affect product cross selling. Hence, the results of the study highlight the importance of making past cross selling efforts of employees a positive experience in order to further motivate them towards cross selling.

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Handbook Of Management And Behavioural Science Vol.-II, 2011

Competition in the banking sector can matter for the efficiency of the production of financial se... more Competition in the banking sector can matter for the efficiency of the production of financial services, the quality of financial products and the degree of innovation in the sector. The common wisdom would hold that restraining competitive forces should unequivocally produce welfare losses. Substantial convergence of recent research interest witnesses an opening debate which challenges the traditional theories highlighting the positive role of bank competition. Focusing on the special role of information in credit markets, recent empirical findings reveal that bank competition may reduce the supply of credit to opaque borrowers by worsening adverse selection, moral hazard, and holdup problems. The main conclusion that seems to emerge from the review of the current literature is that the market structure of the banking industry and the related conduct of banking firms affect the economy in a much more complicated way than through the simple association explained in conventional theories. Further, whether bank competition enhances welfare or not might vary for markets of different sizes and across different institutional environments and ownership structures of the banking systems.

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Journal of Economic Studies, 2017

Purpose The degree and impact of competitiveness in the banking sector is of great importance as ... more Purpose The degree and impact of competitiveness in the banking sector is of great importance as this has great impact on the financial system and the wider economy. A question of interest here is, does competition in the commercial banking sector boost or hamper economic growth. The purpose of this paper is to test the hypothesis that competitiveness in commercial banking is linked to economic growth. Design/methodology/approach The authors use the Boone (2008) indicator to estimate competitiveness of banking markets in ten frontier countries in Africa from 2005 to 2012. This model measures banking competitiveness by assessing the relationship between relative marginal costs and relative market share. Through a panel data model, the authors examine the effect banking sector competitiveness has on economic growth. Findings The results of Boone (2008) indicator suggest that, to a greater extent, banks in the countries studied have a competitive banking sector. The results of the pane...

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The degree of competition is an important aspect of financial sector development and, in turn, ec... more The degree of competition is an important aspect of financial sector development and, in turn, economic growth. However banks in the developing countries are competing in an environment where the financial infrastructure or the prerequisites for such competition is scarce. Hence, the present paper aims at assessing and identifying the macroeconomic forces that drive competition in the banking sector of Sri Lanka. The study covers both micro and macro level data for all 25 banks in Sri Lankan commercial banking sector for the period 1996 to 2015. The econometric model developed in this study comprised six major categories of variables; bank market structure, contestability, inter-industry competition, regulatory policies, bank efficiency and economic development. The study found a strong evidence to support a positive effect market structure suggesting state bank concentration promotes competitive behavior of other banks in the short run. Overall, the study identifies the macro envir...

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Entry and operation of foreign banks is generally thought to have favorable effects on the develo... more Entry and operation of foreign banks is generally thought to have favorable effects on the development of host banking systems, through increased competition. By using an extensive set of panel data for the period 1996-2010, the present paper tries to empirically test the effect of foreign bank competition on the competition of the domestic banking sector of Sri Lanka. The degree of competition measured with Panzar Ross H statistic lends support for a moderately competitive domestic banking sector and low competitive foreign banking sector in Sri Lanka. More interestingly, the H statistics estimated for two sub sets depicts a counteraction in competitive behaviour. Contrary to common wisdom the results of the present study further indicate that, for the period 1996–2010, competitiveness of foreign banks has negatively affected on the competitiveness of the domestic banking sector in Sri Lanka

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Bookmarks Related papers MentionsView impact

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International Conference of Business Management, 2009

Growth is regarded as essential if companies are to remain vital and competitive. Using a large u... more Growth is regarded as essential if companies are to remain vital and competitive. Using a large unbalanced panel data set of Sri Lankan listed companies surviving over the period of 1997 to 2006, the purpose of this study is to examine the deterrninants of firm growth. The fixed effect panel data regression model used in this study indigenizes both micro and macro variables as determinants of firms' growth measured with market to book value of equity. The results of the regression revealed that availability of financial resources proved to be important determinants of firm growth. Both internally generated firnds and the use of debt finance provide means to finance more growth opportunities as these factors proved to be the most statistically significant explaining the growth of firms analyzed. Further, the overall economic performance of the country together with well performing equity market also helps to boost firms' growth.
Key Words: firm's growth, panel data, firm specific factors, macro economic factors, sectorial diversity.

Bookmarks Related papers MentionsView impact

International Conference on Accounting and Finance, 2014

Much of the recent debate seems to assume that perfect competition in the banking sector is ideal... more Much of the recent debate seems to assume that perfect competition in the banking sector is ideal. The common wisdom would hold that restraining competitive forces should unequivocally produce welfare losses. Substantial convergence of recent research interest witnesses an opening debate which challenges the traditional theories highlighting the positive role of bank competition. The role of information in credit markets, concern on stability in the financial markets, less common but multiple effects of bank competition on economies and dynamics in economic environments of countries are some of the exceptions to competition-efficiency wisdom. The main conclusion that seems to emerge from the review of the current literature is that the market structure of the banking industry and the related conduct of banking firms affect the economy in a much more complicated way than through the simple association explained in conventional theories. Further, whether bank competition enhances efficiency or not might vary for markets of different sizes and across different institutional environments and ownership structures of the banking systems.

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Proceedings of Annual Research Session, University of Colombo, 2012

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Proceedings of International Research Conference on Knowledge for Growth and Development , 2007

The empirical studies reveal that the target capital structure of a firm is a function of both fi... more The empirical studies reveal that the target capital structure of a firm is a function of both firm-specific and macroeconomic factors. Thus, optimal capital structure is a dynamic phenomenon that could vary both over cross section of firms as well as over time. As adjustment cost and constraints may prevent firms from adjusting completely to their target capital structures, corporate financial officers may have to pay continuous attention in order to adjust the capital structure appropriately with the changes taking place in both micro and macro environment. The study aims to understand the adjustment behaviour of financial leverage and its dynamics in Sri Lankan firms through a sample of 74 firms listed in Colombo Stock Exchange (CSE) from 1996 to 2004. The dynamic adjustment model used in the study indigenizes the target leverage as well as the adjustment speed by applying both micro and macro variables as determinants of capital structure and adjustment speed. The study finds that Sri Lankan firms are comparatively underleveraged but are inclined to marginally increase the utilization of leverage when economic prospects are good. The riskier, faster growing, relatively small and less profitable firms target more debt for their capital structure. Firms that are further away from their leverage target adjust faster than others. The aqjustment speed is positively influenced by risk, short-term debt, and size, and negatively by growth opportunities and stock price. Moreover, Sri Lankan firms demonstrated a market timing behaviour in adjusting their capital structure. The existence of frictions and less competition in financial markets could have greatly shaped the financing behaviour of Sri Lankan firms like in other developing countries making external finance premiums higher and prohibitive and high reliance on internal financing especially by profitable firms.

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Conference Proceedings of National Center for Advanced Studies, 2019

Since the global market place thrived upon the supply chain elements that are vastly and geograph... more Since the global market place thrived upon the supply chain elements that are vastly and geographically displaced, the effective integration of these elements was seen crucial in achieving the global competitiveness. Hence, both practitioners and researchers consider the Supply Chain Integration (SCI) as an integral contributor towards the success of the Supply chain management strategy. The present study employs the universalists rationale that implied that there is in fact a relationship between the SCI dimensions and the organizational financial and nonfinancial performance. Further, the study focused on the integrations on both internal and external domains through evaluating the key dimensions identified under SCI; information sharing and the operational coordination. Using data collected through a selfadministered structured questionnaire from 50 rubber manufacturing companies in Sri Lanka, the study finds evidence for significant positive impact of operational coordination and the information sharing aspects of the SCI towards both organizational financial and nonfinancial performance. The analysis of the study further revealed that rubber manufacturing companies with frequent and effective information sharing practices among the key supply chain partners generate relatively higher financial and non-financial performance while the companies with frequent and effective level of operational coordination generate relatively lower nonfinancial performance. Hence, the results of the study suggest companies could leverage the nature and the extent of the information shared to increase the financial returns generated. A higher level of relevance results in efficacy and effectiveness of the information shared business organizations enabling an enhanced level of financial performance. Therefore, the business strategy could include more resources dedicated towards the information sharing while relative low focus is being made on the operational coordination.

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Proceedings of Annual Academic Sessions, 2009

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Proceedings of International Conference on Business and Information, 2017

Ergonomics has become an important consideration in organizations especially employing knowledge ... more Ergonomics has become an important consideration in organizations especially employing knowledge workers. This study attempts to explore the impact of Ergonomics on the performance of the employees of the IT sector in Sri Lanka. A sample of 161 IT professionals serving at different levels of organizations at different junctures in their careers from several organizations was taken for this study. Their responses were gathered and analyzed from a quantitative perspective. Office Ambience, Spatial Arrangement, Safety, Equipment & Furniture were taken into consideration. Findings of the study revealed that all four variables are statistically significant and the multiple Regression analysis revealed that Spatial Arrangement was the most significant factor in explaining employee performance. This study serves as proof to owners and leadership of IT organizations that it is, in fact, important that they provide an ergonomically sound work environment for their employees as the impact of ergonomics on their performance is quite considerable.

Bookmarks Related papers MentionsView impact

Sri Lankan Journal of Real Estate , 2008

This study presents an empirical analysis of capital structure of Land and Property sector of Sri... more This study presents an empirical analysis of capital structure of Land and Property sector of Sri Lankan firms in order to understand the behavior of corporate leverage and its dynamics in the said sector. The dynamic adjustment model and panel methodology are applied on a sample of 14 Sri Lankan listed real estate companies, over a nine year period from 1996 to 2004. The study finds that the firms with relatively higher total assets and younger firms in the sector target more debt to their capital structures. The results further reveal that more liquid firms adjust readily towards the target capital structure. The findings also reveal interesting interrelations between the adjustment speed macro economic variables among Land and Property sector firm in Sri Lanka. For example, the speed of adjustment is higher when the inflation rate is lower.

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Management Issues, 2017

In the complex health care system, adverse events, medical errors and near misses are on the incr... more In the complex health care system, adverse events, medical errors and near misses are on the increase and have become a public health concern in the world. As the patient safety is a key principle of patient care, patient safety culture is an important tenet in the health care industry. The study based on two base hospitals in Sri Lanka with the purpose of exploring the factors affecting patient safety culture in Sri Lankan Hospitals. The sample covers 424 health care workers. Data pertaining to six dimensions of patient safety culture was collected through a self-administered questionnaire. The results of the regression analysis reflected a significant positive impact of all the identified dimensions; perception of patient safety, incident reporting, communication, organizational learning and team work on patients safety culture, while 'communication' having the strongest impact. These findings revealed that patient safety culture is in between pathological and reactive stage in Sri Lanka. The findings further highlight a strong need for patient safety process improvements in Sri Lanka.

Bookmarks Related papers MentionsView impact

International Journal of Economics, Business and Finance , 2014

This study provides new and rather scarce evidence of effects of bank competition on banking sect... more This study provides new and rather scarce evidence of effects of bank competition on banking sector efficiency in an emerging economy during the period 1996-2010. Using bank level accounting data and applying Panzar-Rosse approach the study finds that Sri Lankan banking market is moderately competitive. Further, by using non parametric (DEA) approach study revealed a moderate level efficiency of Sri Lankan banking sector. The econometric analysis carried out in this paper provides evidence for a U shape relationship between bank competition and efficiency. The moderate level of efficiency of the banking sector is attributed to the moderate level of competition in Sri Lankan banking industry. Moreover, the results of the analysis confirm the long run positive effect of competition on efficiency in the banking sector.

Bookmarks Related papers MentionsView impact

OIDA International Journal of Sustainable Development, 2018

Traditional Industrial Organization models predict that restraining competitive forces should une... more Traditional Industrial Organization models predict that restraining competitive forces should unequivocally produce welfare losses. However, recent empirical literature questions the conventional wisdom on the topic, and reveals that there is a trade-off between competition and stability of financial market when it focuses on a banking sector which supports sustainable development. This paper attempts to assess whether the current level of competition in the Sri Lankan banking sector is optimum as far as efficiency and stability of the banking sector are concerned. The sample covers a comprehensive set of panel data for the period from 1996 to 2013. Using bank level accounting data and applying Panzar-Rosse approach the study reveals that Sri Lankan banking sector is moderately competitive on average. Further, by using non parametric approach (Data Envelopment Curve analysis) study reveals a moderate level efficiency and as per Z-score high level of instability in the Sri Lankan banking sector. The results of the core analysis provide evidence for U shape relationships of bank competition with efficiency and stability in the Sri Lankan banking sector during the sample period. However the findings of the study do not point out a specific point as an optimum level of competition that should prevail in the banking sector. Rather, it supports to specify a minimum level of competition that should prevail in the Sri Lankan banking sector in order to support sustainable development of the economy by keeping the banking sector more efficient and financially stable. Hence, in conclusion a different approach emerges with underdeveloped countries giving a stronger role to competition authorities to understand the complex relationships between competition, efficiency and stability in the financial sector. Understanding these complexities particularly will help in developing strategies to achieve sustainable development of developing economies.

Bookmarks Related papers MentionsView impact

International Journal of Applied Economics, Finance and Accounting, 2021

Stock prediction with data mining techniques is one of the interesting areas being investigated i... more Stock prediction with data mining techniques is one of the interesting areas being investigated in recent research. Weighted Moving Average (WMA) technique is one such widely used technique in stock forecasting, in which each historical data term can have its own weightage. One of the main drawbacks of WMA is that there is no exact base to determine those weighting factors. Because of this drawback, the investors can assign arbitrary weightages on periodical data though it is misleading the investment decisions. The present study addresses the limitations in Weighted Moving Average technique and tries to generate more reliable and statistically proven weighting factors for stock price prediction. We develop a more reliable stock predictive model by using a panel data set of quarterly closing stock prices of 41 companies for a period of ten years, approximating a sample size of 1680 observations. The Auto Regressive Moving Average model analysed in our study provides strong evidence for statistically significant impact of past stock prices on current stock prices. The study further found statistically more reliable weight factors for past four quarters which can be used for forecasting future stock prices. The findings of the present study confirm that the weight factor drops as the data become older in a linear pattern.

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Kelaniya Journal of Management , 2015

Banks in the developing countries are competing in an environment where the financial infrastruct... more Banks in the developing countries are competing in an environment where the financial infrastructure or the prerequisites for such competition is lacking. Therefore there is a current debate in banking literature regarding the effect of bank competition on the stability of the banking sector. The present paper provides new and rather scarce evidence of effects of banking sector competition on financial stability of the Sri Lankan banking sector during the period 1996 to 2010. By analyzing a comprehensive set of panel data the study reveals that the Sri Lankan banking sector is moderately competitive as per Panzar and Rosse H-Statistic and, highly unstable as per Z-score. The results of the core analysis provide evidence for a U shape relationship between competition and stability in the Sri Lankan banking sector during the sample period. Hence, a different approach emerges, with underdeveloped countries giving a stronger role to competition authorities to understanding the complex relationship between competition and stability in the financial sector.

Bookmarks Related papers MentionsView impact

Management Issues, 2019

Cross selling can be a highly effective tool for acquiring new clients to the bank and encouragin... more Cross selling can be a highly effective tool for acquiring new clients to the bank and encouraging multiple product holdings by an individual customer. This study investigates the extent to which the different components of attitudes affect towards motivation to product cross selling of banking sector in Sri Lanka. Three main components as cognitive, affective and behavioral attitudes were identified as independent variables and statistically analyzed to establish their relationship with motivation to product cross selling. The sample covers 230 front line bank employees working in Colombo District branches. The data was collected through a structured questionnaire. Results of the univariate analysis reveal that all three components in relation to attitude have positive associations with motivation to cross selling. More interestingly, the multivariate regression results of our analysis reveal that behavioral attitudes of front line staff is the most influencing attitude component which affect product cross selling. Hence, the results of the study highlight the importance of making past cross selling efforts of employees a positive experience in order to further motivate them towards cross selling.

Bookmarks Related papers MentionsView impact

Handbook Of Management And Behavioural Science Vol.-II, 2011

Competition in the banking sector can matter for the efficiency of the production of financial se... more Competition in the banking sector can matter for the efficiency of the production of financial services, the quality of financial products and the degree of innovation in the sector. The common wisdom would hold that restraining competitive forces should unequivocally produce welfare losses. Substantial convergence of recent research interest witnesses an opening debate which challenges the traditional theories highlighting the positive role of bank competition. Focusing on the special role of information in credit markets, recent empirical findings reveal that bank competition may reduce the supply of credit to opaque borrowers by worsening adverse selection, moral hazard, and holdup problems. The main conclusion that seems to emerge from the review of the current literature is that the market structure of the banking industry and the related conduct of banking firms affect the economy in a much more complicated way than through the simple association explained in conventional theories. Further, whether bank competition enhances welfare or not might vary for markets of different sizes and across different institutional environments and ownership structures of the banking systems.

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The paper explores how and to what extend the increase in the rate of inflation adversely affects... more The paper explores how and to what extend the increase in the rate of inflation adversely affects the performance of the Sri Lankan Hotels and Travels sector. The study was based on secondary data for a period of 10 years from 1997 to 2006, obtained from 21 firms listed under the Hotels and Travels Sector in the Colombo Stock Exchange. The findings revealed the performance of the Hotels and Travels Sector, as measured through profitability, liquidity, business risk, market returns and their volatility and Tobin's Q, has strongly and negatively been affected by the inflation. The evidence also indicates that deterioration in the sector performance has considerable negative implications for growth opportunities in new investments. The sector requires the adoption of strategies that will improve competitiveness and promote development to protect the gains already made and to begin a new phase of high growth to represent a solid value for investment within a phase of inflation. Hotels and Travels sector also needs policies to encourage promotion in local and foreign markets and financial assistance to face the uncertain future.

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International Conference on Business Management, 2017

Achieving of sustainable economic growth of Sri Lanka essentially depends on the Banking sector c... more Achieving of sustainable economic growth of Sri Lanka essentially depends on the Banking sector contribution which plays a vital role. Sri Lankan banking sector after the post war boom in 2009 is playing in a stable platform at present. This has created an intensified competition among the banks and unless competitive strategies are formed sustaining and increasing market share has become a remote target. The target population of this research consisted of 41,098 staff members, employed by the selected 11 Domestic Commercial Banks of Sri Lanka. The sample size was arrived at 381. The purposive sampling on convenience basis was used to obtain and gather reliable information and considering the knowledge required to answer questionnaire pertaining to strategies in the right manner.

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Proceedings, Faculty of HSS Annual Academic sessions, Open University of Sri Lanka, 2009

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