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MERIT RESEARCH JOURNAL OF ACCOUNTING, AUDITING, ECONOMICS AND FINANCE

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January 2014 Vol. 2 No. 1

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Balaputhiran S

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Merit Research Journal of Accounting, Auditing, Economics and Finance Vol. 2(1) pp. 008-011, January, 2014

Full Length Research Paper

Firm performance and earnings per share: A study of listed banks in Sri Lanka

Sathasivam Balaputhiran

Head, Department of Accounting, Faculty of Management Studies and Commerce, University of Jaffna, Sri Lanka.

*Corresponding Author’s E-mail: balan.acc@gmail.com

Accepted January 27, 2014

Abstract

This paper focuses on identifying the relationship between firm performance and Earnings per Share of the listed banks in Sri Lanka. The data of this study composed of 7 listed banks from the banks, finance and insurance sector covering the period of 5 years from 2008 to 2012. Correlation method has been utilized to find out the relationship whereas simple regression method has been used to identify the impact of firm performance on Earnings per share. Findings reveal that there is no significant association between firms’ performance and EPS. Furthermore r² values reveal that firm performance is not the determining factor of EPS of the listed banks in Sri Lanka.

Keywords: Firm Performance, Earnings per Share (EPS).