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http://ir.lib.seu.ac.lk/handle/123456789/1761
2024-03-20T21:17:20ZCalendar effects of the Colombo stock market
http://ir.lib.seu.ac.lk/handle/123456789/1782
Title: Calendar effects of the Colombo stock market
Authors: Jahfer, A.
Abstract: This study examines the calendar effects specially day of the week effects and month of the year effects in the Colombo stock market. The study on the day of the week effect was done based on daily all share price index (ASPI) for the period January 2004 to June 2015 and the study on the month of the year effect employs based on monthly ASPI for the period January 1998 to June 2015. The calendar effects are examined by applying multiple regression ( OLS and GARCH models) using dummy variables. Regression results show that presence of the day of the week effect and month of the year effect in the Colombo stock market during the study period. Findings indicate significantly positive high returns on Friday while Monday returns are significantly negative in consistent with previous studies. In addition, the results shows a significantly positive returns on Wednesday and Thursday. In the case of monthly effect, there is a significantly positive high returns in September in the Colombo stock market in contradict to previous findings. There is no evidence for January or April effects during the study period instead there is September effect in the Colombo stock market. The findings of the calendar effects are important to the financial managers, financial analysts and investors to take a fruitful investment decisions.2015-10-01T00:00:00ZApplicability of Sri Lanka public sector accounting standards: Trincomalee urban council, Sri Lanka
http://ir.lib.seu.ac.lk/handle/123456789/1781
Title: Applicability of Sri Lanka public sector accounting standards: Trincomalee urban council, Sri Lanka
Authors: Nagendrakumar, N.
Abstract: Though the Sri Lankan Local Governments were introduced with the accrual based Public Sector Accounting Standards from 2009 they have not been implemented yet. As a result, the present study focuses why it has been a failure and sees the applicability of the standards to the Local Governmental set up in Sri Lanka. The Urban Council of Trincomalee city was selected as the case for study and semi structured interviews were conducted. The study concludes that since the accounting system (Wickramanayake’s accounting system) already in place was based on accrual principles, the application of accrual based accounting standards are possible provided that the staffs’ professional expertise is improved to the level expected.2015-10-01T00:00:00ZDoes sectorial cause the level of impact of risk on sukuk return? empirical evidence from nasdaq Dubai sukuk index
http://ir.lib.seu.ac.lk/handle/123456789/1780
Title: Does sectorial cause the level of impact of risk on sukuk return? empirical evidence from nasdaq Dubai sukuk index
Authors: Rauf, A.L. A.
Abstract: This study attempted to determine the impact of risks on returns of sukuk in different sectorial structures. The different types of risks (market risk, credit risk, operational risk and liquidity risk) are independant variables and the return of sukuk is dependant variable. Data were collected from Nasdaq Dubai HSBC sukuk index of sukuk market period from 2005 to 2015 on a monthly basis and analyzed using descriptive, correlation analysis and multi-regressions analysis. The four regression models explain 70% to 89 % of the variation.While risk exposure on global sukuk return is 88%, risk exposure on sovereign sukuk return is 70%. While risk exposure to corporate sukuk return is 89% risk exposure to financial sukuk return is 73%. The results indicate that a sovereign sukuk return is very less exposed to risk compared with other sectors corporate sukuk and financial sukuk. Therefore, it is possible to conclude that sovereign sukuk return is minimally exposed to risk. It is also found that when compared with finance sector risk is high in the corporate sector. This study recommend to maintain inflation rate at an optimal level and promote secondary markets for sukuk.2015-10-01T00:00:00ZRole of zakat in poverty alleviation and economic development – special field study of Maruthamunai
http://ir.lib.seu.ac.lk/handle/123456789/1779
Title: Role of zakat in poverty alleviation and economic development – special field study of Maruthamunai
Authors: Jalaldeen, M. S. M.
Abstract: This paper presents the role of Zakat in poverty alleviation and economic development in the community as well as in the nation. The researcher has given a special attention and field work in Maruthamunai, a village in Kalmunai Municipal Counicil of Amparai District. A variety of reforms and new ideas in the management and institutions are responsible for collecting and distributing of zakat. Zakat is a specific property with certain conditions prescribed for certain people and given to people or certain people (recipients) as well. The main aim of zakat has two dimensions i.e., spirituality (individually) and social economy to empowerment and enhance the status of the ummah (community). ( Mutiara Dwi Sari….2013) Sri Lanka as a country with minority Muslim population has a challengeable in collecting and distributing of zakat according to the state rule. If zakat is managed properly, it will certainly have positive effect on the wellbeing of Sri Lankan poor Muslims.Maruthamunai which researcher has focused specially is a village with 100% of Muslim population. The Zakat management has been practiced as an institutional level for last twenty years at this village with the coordination of Mosques Federation and some Dawah movements. However, Lack of coordination between all institutions of zakat management has resulted in the achievement of zakat collection and distribution does not optimum. The research will bring the reason of this backward of Zakat management into the light.2015-10-01T00:00:00Z