http://ir.lib.ruh.ac.lk/handle/iruor/7346 Sun, 19 Jul 2026 22:51:15 GMT 2026-07-19T22:51:15Z http://ir.lib.ruh.ac.lk/handle/iruor/21390 Impact of Capital Structure on Dividend Policy: Evidence from the Food, Beverages & Tobacco, and Capital Goods sectors in Sri Lanka. Athukorala, W.A.A.B.K.; Weerakkody, D.I.D. The relationship between capital structure and dividend policy constitutes a fundamental area of inquiry in corporate finance, significantly shaping investor decision-making and corporate financial strategies. This study examines the influence of capital structure on dividend policies, drawing on evidence from the Food, Beverages & Tobacco, and Capital Goods sectors in Sri Lanka. The study specifically aims to examine whether capital structure determinants affect dividend policy, undertaking profitability, and firm size, controlling for these variables. Based on a sample population of 40 listed companies over five years, the study utilizes secondary data from annual reports to conduct a quantitative analysis. Additionally, previous findings contributed by Scholars are presented in the literature review. The study employs a multiple regression approach to examine the impact of capital structure on dividend policy. The findings from the empirical study reveal significant results, providing insightful descriptions of firms’ financing decisions and their subsequent implications for dividend payments. Specifically, firms with higher debt ratios tend to disburse lower dividends due to financial constraints associated with their debt obligations. Conversely, firms with higher equity ratios have a high likelihood of paying dividends, further validating the point that firms with higher equity bases are better placed to have stable dividend policies and moderately levered firms are likely to have fixed dividend policies. Profitability also emerges as a key determinant of dividend payment decisions, where firms with higher earnings are found to have a higher likelihood of paying dividends. Apart from that, the firms’ size is also revealed to play a moderating role. The findings of this research contribute to the body of literature with empirical evidence for the Food, Beverages & Tobacco, and Capital Goods sectors of Sri Lanka, yielding sector-specific information on the dynamics that drive dividend policies. The findings of this research are particularly relevant to corporate managers, policymakers, and investors who are concerned with optimizing capital structure decisions in line with dividend policies. Fri, 26 Sep 2025 00:00:00 GMT http://ir.lib.ruh.ac.lk/handle/iruor/21390 2025-09-26T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/21389 The Impact of Intellectual Capital on the Financial Performance of Licensed Commercial Banks in Sri Lanka with the Moderating Impact of Sustainable Competitive Advantage. Weerakkody, D. I. D.; Gunarathna, K. G. P. V. A sound financial system is crucial for a country's economy, as it provides financial and non-financial services to both the public and private sectors. Banks play a significant role in the Sri Lankan financial system, sustaining the confidence and performance of other financial and non-financial entities, and strengthening the economic health of the country. The banking industry has encountered significant challenges stemming from global pandemics, economic crises, political shifts, evolving policies and regulations, and intense competition. These circumstances reveal the importance of determining the strategic sources for enhancing the industry as a whole. It underscores the critical role of intellectual capital (IC) in achieving financial performance, encompassing knowledge, experience, technology, and relationships. With the turbulent economic environment, adopting a competitive perspective further emphasises the importance of IC as a cornerstone for strengthening financial success. This study investigates the influence of intellectual capital (IC) on the financial performance of licensed commercial banks in Sri Lanka, focusing on the moderating role of sustainable competitive advantage (SCA). The sample consists of 13 licensed commercial banks registered with the Central Bank of Sri Lanka, with data collected from their annual financial reports for the period 2019–2023. Data analysis was primarily conducted using multiple regression analysis. The findings reveal that structural capital, human capital, and capital employed significantly affect the financial performance of the banking industry, whereas relational capital does not. Overall, IC significantly impacts financial performance, and SCA is shown to moderate the relationship between IC and financial performance in Sri Lanka's banking sector. Wed, 19 Feb 2025 00:00:00 GMT http://ir.lib.ruh.ac.lk/handle/iruor/21389 2025-02-19T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/21001 Tourism in Sri Lanka during Political, Economic, and Environmental Crises: A Qualitative Analysis. Laksiri, W.M.R. This article examines the impact of interconnected political, economic, and environmental crises on Sri Lanka's tourism sector, analyzing their effects on tourism strategies. Employing a qualitative research design, this study uses framework analysis to analyze data collected from semi-structured interviews with tourism stakeholders (for example, hotel managers, tour guides, and government officials) and secondary sources (for example, government reports and policy documents). The study highlights Sri Lanka's tourism industry's vulnerability to political instability, economic downturns, and environmental issues. It emphasizes the need for adaptive strategies like diversifying offerings and targeting new markets. The study underscores the importance of resilience and flexibility in the sector to mitigate future crises. This study fills a gap in literature by conducting a comprehensive analysis of the interconnected challenges confronting Sri Lanka's tourism sector, as well as providing context-specific resilience-building measures tailored to a multifaceted crisis environment. The findings indicate that policymakers should enact specific policies to promote sustainable tourist development, encompassing crisis management, infrastructure enhancement, and environmental preservation. Emphasizing legal systems and advancing sustainable practices will reinstate global confidence in the business. Keywords: tourism crisis management; sustainable tourism development; qualitative framework Wed, 01 Jan 2025 00:00:00 GMT http://ir.lib.ruh.ac.lk/handle/iruor/21001 2025-01-01T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/20710 Understanding the Factors Influencing E-Government Adoption in Sri Lanka: An Integrated Model of UMEGA and Extended UTAUT2. Abeykoon, B.B.D.S.; Sirisena, A.B. The effective adoption of electronic government (e-government) services is crucial for enhancing public services, particularly in developing countries like Sri Lanka. Understanding the drivers that lead citizens to use and recommend egovernment services is essential for ensuring long-term engagement and diffusion. However, despite the significant investments in digital infrastructure, Sri Lanka continues to experience low adoption rates in the context of egovernment. The present study investigates the key factors influencing the adoption of e-government services among Sri Lankan citizens using an extended theoretical framework, which was developed by integrating the Unified Model of E-Government Adoption (UMEGA) and the extended Unified Theory of Acceptance and Use of Technology 2 (UTAUT2). The proposed model encompasses context factors: performance expectancy, effort expectancy, social influence, perceived risk, user factors: price value, facilitating conditions, hedonic motivation, habit, personal innovativeness in IT, trust in government, and system factors: perceived information quality, perceived system quality, perceived service quality. The study collected data from 100 respondents using a structured questionnaire, employing the convenience sampling technique. The model explained 42% of the variance in attitude, 59% in use behaviour, and 57% in intention to recommend. All the context factors significantly affected attitude, while price value, habit, facilitating conditions, and perceived service quality impacted use behaviour. Trust in government directly impacts on the recommendation intention of e-government services. The model disclosed acceptable model fit (SRMR = 0.057) and moderate predictive relevance (Q² = 0.44 for intention to recommend). The findings underscore the critical importance of system improvement, trust-building, and user engagement strategies to enhance peer-driven recommendation of e-government services. These strategies are essential in the Sri Lankan context to drive adoption and sustained use of governmental digital services. Wed, 18 Jun 2025 00:00:00 GMT http://ir.lib.ruh.ac.lk/handle/iruor/20710 2025-06-18T00:00:00Z