Journal of Asia Pacific Business Innovation and Technology Management

Volume 2, No. 1, March 2012


Title
Impact of Attitudes and Awareness on Environmental Management Practices (EMPs): With Special Reference to Small and Medium Scale Enterprises (SMEs) in Sri Lanka

ABSTRACT

The main objective of this paper was to investigate whether there is an association amongst SMEs’ attitudes, awareness on environmental issues and their environmental management practices. A questionnaire based survey was chosen to obtain the information on attitudes, awareness and environmental management practices of SMEs. The questionnaire was developed to find out SMEs’ current environmental management practices as well as their attitudes and awareness on environmental issues. The associations amongst attitudes, awareness and environmental practices for waste, energy, and the environment were investigated by calculating correlation coefficient. These analyses revealed that there is no significant association between attitudes and awareness or attitudes and environmental management practices. Attitudes appear to be remaining positive even where awareness is limited. Managers/owners who expressed rather more positive attitudes appear no more likely to introduce environmental management practices for their organizations than managers/owners with less or negative attitude.

Keywords: Environmental Management, Environmental Management Practices, Attitudes, Awareness, SMEs

Authors
R A Sudath Weerasiri
Zhengang Zhang
Download article

Title
Financial Leverage, Firm Growth and Financial Strength: Evidence in Sri Lanka

ABSTRACT

This study attempts to extend knowledge of Financial Leverage, firm growth and Financial Strength in the listed Sri Lankan companies. Most of the scholars have studied of financial leverage and its related attributes in developed and emerging capital market. The pioneering work of Modigliani and Millar, and many scholars revealed that the financial leverage is one of the most influencing factors in determining the firm growth. The common approach in empirical capital structure studies has been to examine the relationship between observed financial leverage and value of the firm and share prices. In this study test the problem towards Sri Lankan context. The main problem of this study is to investigate whether the financial leverage influences negatively or positively on signaling the firms’ growth. Sample size of this study is 30% of thirteen sectors. The required data were collected from published annual reports, Handbook of listed companies in Colombo Security Exchange and annual reports of Central Bank of Sri Lanka from 2000 to 2009. The financial leverage variables calculated based on empirical findings and, growth of the companies is represented by total assets, profit, and sales these are calculate. Multiple discriminant function was constructed to ascertain study financial strength variable. Multiple regression model employ. The overall results of the study find financial leverage in the Sri Lankan context to be positively related to the growth and financial leverage. Conversely, this situation supports this view that there is a positive rather than a negative relationship between financial leverage and other growth variables as implied by the negative signals about the future growth of the company. It is explained, therefore, that the study of financial leverage is incomplete without a detailed examination of all aspect of financial leverage.

Keywords: Financia Leverage, Financial Strength, Company Growth, Capital Structure, Financial Distress

Authors
Bei Zhao
W P Wijewardana
Download article

Title
Employees Contentment in an Organization

ABSTRACT

In an attempt to stay competitive in the ever growing challenging education world, higher institutions are often trying to develop creative and innovative ways in which to improve their organizations performance. One way to attain this is, by looking into their employees’ job contentment level. It is believed that job contentment level has a direct association with employees’ achievement and organizations success. Hence, by having a better understanding of their perceived job contentment level, an institution should be able to increase its work quality and productivity. This paper will present the findings of the study which aims to determine the main facet affecting employees’ job contentment level based on Job Satisfaction Index [1] such as pay, promotion, supervision, benefit, contingent reward, operating condition, co-workers, nature of work and communication. It is also aimed to determine whether gender could influence job contentment level in a higher learning institution.

Keywords: Contentment, Organization, Satisfaction, Employees

Authors
Hamidah Abdul Rahman
Azizah Rajab
Roziana Shaari
Siti Aisyah Panatik
Ishak Mad Shah
Khairunnisa Hamid
Download article