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Firm integration performance: accounting and finance, marketing, logistics, and supply chain performance
No full textThe firm performance is one of how the management of the company may fulfil the responsibilities of the parties to achieve the vision and mission of the firm. Thus, the objective of the study is to analyse the integration of accounting and finance, marketing, logistic, and supply chain performance in the organization. The data obtained from the annual reports of 132 companies listed on the Colombo Stock Exchange (CSE) include companies with data for AFP, MP, and LSCP based on a cluster sampling approach. As per the longitudinal study, data were gathered from the financial years 2015-2019 were used in this research. The study offers the results of an initial quantitative investigation on the scope of integration. The integration performance was evaluated using an ROE-based analysis in this study. The results of the study indicate that accounting and finance, marketing, logistic, and supply chain management are positively correlated with each other using the Pearson correlation and regression analysis showed that the independent variables, in reality, have a significant effect on the dependent variable. Other relevant aspects should be investigated in future research, as well as the interaction between internal and external integration. Furthermore, investigations should look into the best order for integrating business procedures
The Effect of perceived university support and perceived institutional support on entrepreneurial intentions
No full textDespite efforts taken to nurture entrepreneurship among young graduates in Sri Lanka, graduates still tend to show greater preference for paid employment over self-employment. This phenomenon is true for both students passing out from business as well as non-business degree programmes. Recent studies on entrepreneurial intention indicates that the effect of contextual factors such as university support and institutional support for entrepreneurship could enhance the entrepreneurial activities among students. Thus, the current study explored the effect of perceived university support and perceived institutional support for entrepreneurship on an individual’s entrepreneurial intention. A sample of 234 immediately passed out students from Sri Lankan state universities took part in the study and data was analysed using structural equation modelling. Findings showed that both perceived university support as well as perceived institutional support have had a significant positive effect on entrepreneurial self-efficacy, while entrepreneurial self-efficacy had a significant positive impact on entrepreneurial intention. These findings revealed the importance of university support and institutional support to foster entrepreneurship among graduates in Sri Lanka. The study recommends practical implications for government policy makers and other stakeholders in higher education sector. Steps should be taken to improve university support for entrepreneurship beyond mere entrepreneurship education. Further, policy makers should create a favourable and supportive institutional environment in order to enhance student’s entrepreneurial intention
Financial retirement planning: a survey among provident fund contributing employees in a tertiary educational institution
No full textThis study investigates the retirement planning behavior of EPF contributing workers of Sri Lankan tertiary educational institutions, considering their awareness, concerns, attitudes, and accessible information of financial planning choices during the pandemic. This article focuses especially on provident fund contributing employees recognizing the necessity of financial retirement planning because they are not eligible for any government-provided pension plans. The study is being conducted in a Non-State Tertiary Educational Institute with over 300 faculty members, both academic and administrative. Data was gathered using an online questionnaire covering demographic and socioeconomic information, understanding of EPF-related information, accessible financial planning options, and employee concerns and attitudes toward retirement from 103 responses. The statistical methods used are descriptive statistics and Chi-square test, to summarize the given data set and to evaluate how likely is that the observed distribution is due to chance. The tool used to derive the results is STATA. According to the results, awareness, availability of financial planning options, concerns, and attitudes all have a significant impact on retirement financial planning
Realizing sustainable biomass utilization through circular economy concepts
No full textOwing to carbon neutrality, biomass is a popular renewable energy source in the global context. In Sri Lanka, a significant portion of primary energy supply in industrial and domestic sectors comes from biomass sources but a sustainable biomass supply chain is yet to be realized
Bolgoda chat : the teaching Vice-Chancellor
No full textWhen I think of my early days, there are two experiences that made a profound influence on my future career. My father was an Assistant Station Master, and he taught me all aspects of managing a railway station except telegraphy. Later, as my father become ill, my parents arranged accommodations for me in a house near the Ulapane station and left for our home in Ambalangoda. Occasionally, the station master used to consume alcohol during night shift, and he used to summon me to look after the station
A Shift from polluting economics to enlightenment : acting on CODE red for humanity
No full textThe Intergovernmental
Panel on Climate Change
(IPCC) has released its
report on climate change,
and they have taken the
message under the title ‘Code RED
for Humanity' Whether we are in a
pandemic or not we are in the decade
where we have to collectively
act, and meet critical expectations to
safeguard the planet. Actually the reality
is safeguarding humanity as the
planet would continue in a trajectory
to be the next Venus! Some who are
working in science and technology
are planning to move into Mars when
that happens. However, its not an op-
ipn for most of us. The irony is that
the overseas press gave wide
Publicity to the news from the IPCC,
the local press was almost silent. We
reading developments like mar
kets making merry while the state was
hungry for dollars coming from anywhere.
The idea somehow still is to
ramp up consumption and activities
on all fronts
Applicability of leed requirements to achieve water efficiency in Sri Lankan hotel industry
No full textLEED is an universally used green ranking system in the world. Among the six evaluation factors it specifically focuses on water use reduction, water efficient landscaping and innovative wastewater technologies. LEED provides a structure or collection of metrics to determine the water efficiency level that a building can achieve. Most of the hotels worldwide are inclined towards gaining LEED certification which is prompted by the higher volumes of water consumption in the facility. LEED is a US created rating system and the most categories of LEED certification are built according to the US aspects. Being an Asian country, Sri Lankan hoteliers also attempt to obtain LEED certification to their hotels with the motive of becoming in order to be more efficient. However, some of LEED requirements under the water efficiency category does not match the Sri Lankan hotel industry requirements. Therefore, the aim of the study to identify whether the LEED requirements under the water efficiency can be applied to Sri Lankan hotel industry. To accomplish the aim, literature synthesis was conducted to explore the water efficiency practices used by LEED certified hotels in other countries. A qualitative research methodology was subsequently adopted, directing semi-structured interviews with two LEED certified hotels in Sri Lanka to identify the LEED practices used in Sri Lankan hotel industry. Thematic analysis was conducted to analyse the collected data. Finally, a framework was developed to compare and contrast the water efficiency practices used in LEED certified hotels in other countries and Sri Lanka
Barriers in practicing life cycle costing techniques experienced by Sri Lankan quantity surveyors
No full textLife Cycle Costing (LCC) is a tool, which can evaluate all the building-related costs over a specified period of time, as mentioned in the agreed scope. Though there are number of benefits, LCC practices of consultants in the building industry are claimed to be weak. Hence, the aim of this research is to investigate barriers in practicing LCC techniques experienced by Sri Lankan quantity surveyors. Accordingly, a mixed approached was followed in data collection through a questionnaires survey and a series of expert interviews. However, in Sri Lanka, building construction consultants are not practicing the LCC concept to a greater extent. This research identified, lack of awareness on the LCC tool by employers and practitioners, lack of knowledge on LCC and lack of previous data as the major barriers for practicing LCC techniques in local context. It was suggested that enhancing the practice of LCC through conducting various awareness programme on LCC concept, build up and maintain the proper database and introducing user friendly tools, applications, calculations methods, guidelines and regulations, will lead to avoid above mentioned barriers, which will ultimately enhance the proper practice of LCC concept in the Sri Lankan quantity surveyors
Hydrofluorocarbon (HFC) management framework for low carbon industrial facilities : milk processing industry in Sri Lanka
No full textMilk processing industry consumes hydrofluorocarbon (HFC) at a great extent. Emission of HFC distresses the food security, water security and the future of healthy living beings. Thus, the purpose of this paper is to propose strategies to improve the HFC management practices in Sri Lankan milk processing industry. Case study method was involved under qualitative phenomenon. Thus, three case studies were selected based on the HFC handling process. Nine milk processing agencies representing three importers and distributors, three milk processors and three service providers were selected to collect the data. Case analysis technique was used for data analysis. Findings revealed that, lack of institutional and national level procedures, unstable governmental policies, and lack of technology have increased the unhealthy handling of HFC in milk processing industry in Sri Lanka. Initiating a national level mechanism for governing HFC importers and service providers, empowering inventers for creating sustainable applications over HFC use and improving awareness were identified as key strategies to eliminate the identified issues under organisational and national level. Accordingly, a framework was proposed, which provides a platform to investigate the status of HFC handling procedure of milk processing industry in Sri Lanka. Since there is a lack of national level concern on managing HFC use in milk processing industry, having a formal framework at national level to govern both national and institutional level procedures was determined as a vital step forward to be considered
Managing concrete wastes by implementing contemporary construction practices in Sri Lanka
No full textMaterial waste is one of the main reasons for the client to suffer due to increments in unnecessary costs. Among all construction material wastes, concrete waste highly draws expenses to the project stakeholders. As a main component in construction, the volume of the concrete waste in Sri Lankan construction projects are considerably high, when comparing with the other material wastes. Currently, most of the countries are moving towards the sustainable developments while minimizing concrete waste. Therefore, applying traditional practices to minimize concrete waste have not been successful over the years. The aim of this research study is, to minimize concrete wastes by implementing contemporary practices that assists to reduce the project cost in Sri Lankan construction industry. In order to achieve the aim, comprehensive literature review, a questionnaire survey and semi-structured interviews were conducted to gather data in both qualitative and quantitative procedures. The empirical findings revealed that concrete waste has a positive relationship with the project cost. Same time, discovered the drivers and barriers that gains while implementing contemporary practices in Sri Lanka. Concrete recycling, precast elements, lean construction techniques, value engineering methods and few more other contemporary practices were identified that leads to minimize concrete waste. The results from the interviews found that many projects are willing to implement mentioned contemporary practices within their construction projects although there are few barriers. These findings deliver a valuable evidence to the practitioners with an in-depth understanding about the essential necessity of contemporary practices to construction projects