title: Ownership structure and firm financial performance: Evidence from panel data in Sri Lanka

authors: Wellalage, Nirosha Hewa

subjects: ownership structure

abstract: This study investigates the effects of equity ownership structure on financial performance of Sri Lankan listed businesses. Using dynamic panel generalised method of moment this study finds an inverse hump shape relationship between insider ownership and firm financial performance. The results of this study confirm that the effect of insider ownership on firm performance is more positive and significant where legal protection for investors is weak. It suggests that although new legislative reforms have been enacted, Sri Lankan companies are highly dependent on internal governance mechanisms. There is potential merit in promulgating new rules to control the expropriation of minority shareholders.

text: Ownership structure and firm financial performance: Evidence from panel data in Sri Lanka This study investigates the effects of equity ownership structure on financial performance of Sri Lankan listed businesses. Using dynamic panel generalised method of moment this study finds an inverse hump shape relationship between insider ownership and firm financial performance. The results of this study confirm that the effect of insider ownership on firm performance is more positive and significant where legal protection for investors is weak. It suggests that although new legislative reforms have been enacted, Sri Lankan companies are highly dependent on internal governance mechanisms. There is potential merit in promulgating new rules to control the expropriation of minority shareholders.

year: 2012

title: The hydrodynamics of the southern basin of Tauranga Harbour

authors: Tay, H.W.

subjects: hydrodynamic model

abstract: The circulation of the southern basin of Tauranga Harbour was simulated using a 3-D hydrodynamic model ELCOM. A 9-day field campaign in 1999 provided data on current velocity, temperature and salinity profiles at three stations within the main basin. The tidal wave changed most in amplitude and speed in the constricted entrances to channels, for example the M2 tide attenuated by 10% over 500 m at the main entrance, and only an additional 17% over the 15 km to the top of the southern basin. The modelled temperature was sensitive to wind mixing, particularly in tidal flat regions. Residence times ranged from 3 to 8 days, with higher residence times occurring in sub-estuaries with constricted mouths. The typical annual storm events were predicted to reduce the residence times by 24%–39% depending on season. Model scenarios of storm discharge events in the Wairoa River varying from 41.69 m3/s to 175.9 m3/s show that these events can cause salinity gradients across the harbour of up to 4 PSU.

text: The hydrodynamics of the southern basin of Tauranga Harbour The circulation of the southern basin of Tauranga Harbour was simulated using a 3-D hydrodynamic model ELCOM. A 9-day field campaign in 1999 provided data on current velocity, temperature and salinity profiles at three stations within the main basin. The tidal wave changed most in amplitude and speed in the constricted entrances to channels, for example the M2 tide attenuated by 10% over 500 m at the main entrance, and only an additional 17% over the 15 km to the top of the southern basin. The modelled temperature was sensitive to wind mixing, particularly in tidal flat regions. Residence times ranged from 3 to 8 days, with higher residence times occurring in sub-estuaries with constricted mouths. The typical annual storm events were predicted to reduce the residence times by 24%–39% depending on season. Model scenarios of storm discharge events in the Wairoa River varying from 41.69 m3/s to 175.9 m3/s show that these events can cause salinity gradients across the harbour of up to 4 PSU.

year: 2013

title: Precariat Māori households today

authors: Rua, Mohi

abstract: Aotearoa New Zealand is now the fifth most unequal economy in the OECD. To highlight the human cost of this situation, the concept of “the precariat” offers more informed and contextualised understandings of the situations of socio-economically marginalised people in Aotearoa. Significant societal and policy change is required for Māori whānau to be truly free from the cycle of precarity.

text: Precariat Māori households today Aotearoa New Zealand is now the fifth most unequal economy in the OECD. To highlight the human cost of this situation, the concept of “the precariat” offers more informed and contextualised understandings of the situations of socio-economically marginalised people in Aotearoa. Significant societal and policy change is required for Māori whānau to be truly free from the cycle of precarity.

year: 2019