Browsing by Author "Dissanayake, D."
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- ItemDescriptive Analysis of Newspaper Job Vacancy Advertisements as a Recruitment Method: In Sri Lankan Context(NSBM Green University, 2018-08-25) Dissanayake, D.; Rajapaksha, T.Recruitment is one of the remarkable functions in Human resource management due to its importance and relevance for being successful in achieving pre-desired goals via suitable and appropriate employees. Newspaper job dvertisements have become popular recruitment method due to its inherent advantages compared to other recruitment methods. The survey of newspaper job vacancy advertisements as a recruitment method in Sri Lankan context attempts to verify trends of Sri Lankan newspaper job vacancy advertisements in terms of eleven newspaper job advertisement characteristics; job category, size, appearance, etc. The Sunday Observer is one of the prominent medias for job vacancy advertisement that is being used by several organizations in Sri Lanka. In that case, source of data collection for this research relied on the Sunday Observer vacancy advertisements. Through analyzing 800 newspaper advertisements during the period of 06 months in 2014, it is identified that majority of job advertisements are reported in the field of marketing related advertisements, second highest demand found to be in accounting related jobs and next, jobs on operations management. Majority of job advertisements are neither picture oriented and nor colored advertisements. Sample statistics says, most of organizations have reluctant to reveal remuneration packages in their advertisements but they interest to publish their advertisement as open advertisement. The findings of the study is empirical significant for existing literature in Sri Lanka context while practically significant for top management, human resource managers/decision makers of corporations and general job seekers for their job related decisions.
- ItemDo Sri Lankan Companies Disclose Sustainable Performance Satisfactorily?(Nsbm Green University, 2022-11-25) Sooriyaarachchi, T.D.; Dissanayake, D.Disclosure in sustainability practices has gained a prominent place in corporate reporting due to its importance as a medium of flowing information to stakeholders. As a result, managers of commercial organizations no longer focus solely on reporting the business performance but its engagement in economic, social and environmental activities adhering to given standards. This paper attempts to analyse the state of sustainability reporting in Sri Lanka and measure the level of its compliance to GRI, G4 index in reporting. Accordingly, 18 listed Sri Lankan companies consecutively recognized for their sustainability reports by professional accounting bodies were selected and analysed for the past five years (2014/2015-2018/2019). The compliance to GRI – G4 core were analysed by deploying the scale developed by Dragmoir (2010) followed by a trend analysis for each selected. Based on the research findings of the study it was concluded that despite not having attained the expected state of sustainability reporting Sri Lanka is on a continuously improving journey to achieve the desired state. The level of sustainability reporting by the leading organizations recognized for sustainable practices were revealed by the study and this finding impose major implications to governing bodies of corporations, policy makers, stakeholders as well as the government. Further the study would be helpful to understand whether there is a gap between the desired state of sustainability reporting and the current state of sustainability reporting or not.
- ItemDoes Board Independence Moderate the Association between Sustainability Reporting on Performance? Empirical Evidence from Sri Lankan Non-Financial Listed Firms(NSBM Green University, 2019-11-22) Dissanayake, D.; Dissanayake, T.D.S.H.; Ajward, R.Sustainability Reporting has gained prominence from the industrial developments in 1980s. One of the outcomes of industrial developments has been emergence of the link between economy, ethics and politics as well as an interaction between economic issues and moral and social values As a result of that, managers of the business entities no longer purely focus on higher productivity, but also pay their attention on numerous environmental, ethical, social and cultural issues, and board governance practices (particularly independence of the board) has been highlighted for its paramount importance. With this contemporary importance and dearth of studies of this nature in the local context, this study aimed to investigate the link between sustainability reporting on the firms’ performance with the moderating role of board independence. Accordingly, the first objective of the study was to examine the direct impact of the sustainability reporting on firms’ financial performance and secondly, to examine the moderating impact of board independence towards this association between sustainability reporting on firms’ financial performance. All the non-financial companies in the Colombo Stock Exchange were selected amounting to 174 for a four years period (2014 to 2017) and thereby six hundred ninety-six (696) firm-year observations have been used in the study. Using the Global Reporting Initiative (GRI) based index for measuring sustainability disclosures, it was found via the pooled OLS regression and panel regression analyses that such sustainability disclosures have a significant (p<0.01) positive association on firm financial performance. Furthermore, the results of panel regression analysis also indicated that greater availability of independent directors positively (p<0.05) moderated the relationship between sustainability disclosures and financial performance of firms, and this finding is consistent with the agency theory, which posits that a more independent board of directors can better monitor the firms due to their independency. This study contributes to the literature by showing such a moderating impact. Furthermore, this study offers insights to policymakers on enhancing their monitoring.