http://ir.lib.ruh.ac.lk/handle/iruor/7360 2026-04-28T23:57:43Z http://ir.lib.ruh.ac.lk/handle/iruor/7551 Editorial Note Wijesundara, Tharaka R. 2022-01-01T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/7488 Does Corporate Governance Affect Financial Reporting Quality? Evidence from Listed Entities in Sri Lanka Hewage, Y.M.; Amarasekara, N.T. The purpose of this paper is to investigate the relationship between selected CG characteristics and the level of FRQ in Sri Lanka. The study was carried out using secondary data obtained through published annual reports from 209 companies listed in the Colombo Stock Exchange (CSE) from 2017 to 2020 including 836 firm-year observations. Six selected CG characteristics (Board Size, Board Independence, CEO Duality, Audit Committee Size, Audit Committee Independence, and Audit Committee Accounting Expertise) and the level of FRQ has been evaluated by the absolute value of discretionary accruals (ADA) using Panel linear regression analysis. It was found that a significant positive relationship between the audit committee accounting expertise and FRQ, while a significant negative relationship was found between Board Size and FRQ. However, the other remaining CG characteristics did not significantly influence the level of FRQ. Overall, this analysis highlights the importance of having a comparatively smaller board size and composition of the members in the audit committee with financial and accounting backgrounds to enhance FRQ and transparency. The findings of this study expect to have a significant policy implication for policymakers and regulators in terms of formulating strategies and policies on CG best practices in Sri Lanka. Similarly, the entities should promote smaller board size and recruiting, especially the majority of independent non-executive directors with sufficient accounting skills and financial experience to curtail the adverse earnings management practices to improve FRQ. 2022-01-01T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/7487 Methodological and Dimensional Issues in Dynamic Capability in Early Internationalization Research a Systematic Literature Review Jayasuriya, C.H.; Perera, G.A.T.R. The dynamic capability (DC) perspective is one of the key theories discussed related to the phenomena of early internationalization. However, there is no considerable effort has been made to review and integrate the associate literature of this perspective in the field. This review aims to examine methodological and dimensional choices in 22 empirical studies on DC in early internationalization including international new ventures (INVs) and born-globals (BGs). In carrying out this review, a search was conducted accessing the Google Scholar search engine, encompassing journals that have published research between 1970 and 2022 on INVs/BGs and DCs. The findings revealed that amid heightened research interest in the DC perspective in studies of INVs/BGs there is a methodological imbalance as quantitative research is underdeveloped while the majority of key studies are qualitative. Further, the dimensions are vaguely discussed, and tested and more bias has been given to a few capabilities like networking and learning capabilities. Concerning about the contribution, this review debates the role of DC in INVs/BGs by revealing the areas for immediate attention in methodology and dimensional choices. The implications are relevant for DC researchers, journal reviewers and editors as well as readers of scholarly DC articles on how to conceptualize DCs. This review is a novel contribution towards the understanding of the methods used in DC research and encompasses a slightly broader scope of time compared to the earlier reviews. Building upon, yet moving beyond reviews to date, and broadening to the latest publications, this paper advances the understanding of the state of dynamic capabilities in early internationalization. 2022-01-01T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/7482 Impact of Open Innovation on Firm Performance a Literature Review Dilrukshi, M.G.M.; Wickramasinghe, C.N.; Edirisinghe, S.D. This study investigates how the open innovation paradigm influences firm performance by synthesizing the existing literature on open innovation and firm performance. This study provides a better understanding of the concept of open innovation based on the current literature. The selection criteria were executed by the PRISMA article selection process linking open innovation and firm performance, published in peer-reviewed journals from 2015 to June 2021. The search string was tailored by Ebsco host, Elsevier, Emerald Insight and Sage publishers considering the inclusion and exclusion criteria. The descriptive method was used to analyze the selected articles. Numerous studies investigated that open innovation positively impacts firm performance, and few researchers demonstrated that open innovation has a U-shaped relationship with firm performance. Some studies discovered negative and mixed results on open innovation and firm performance. Due to the contradictory findings, more investigations on open innovation and firm performance are needed and this review produces knowledge for both practitioners and policymakers to implement their roles effectively. Especially these findings are significant for future researchers to identify the key areas that need to be investigated in the field of open innovation. 2022-01-01T00:00:00Z