Environmental Management Practices on Financial Performance: With special reference to the Rubber Industry in Sri Lanka

Abstract

This study investigates the relationship between environmental managementpractices (EMPs) on financial performance (FP) using the data from thirtyrubber manufacturing organizations by building panel models for the sampleduring the period of 2012-2016. The study has considered the three differentEMPs of energy reduction (amount of furnace oil use per day), waste (amount ofwaste water generates), and recycle (amount of recycle raw material) incapturing the effect of EMPs on FP. In addition, to elucidate how financialperformance is dealing with EMPs, the study used Return on Assets (ROA) as adeterminant of financial performance. It is more difficult to identify the generalrelationship between EMPs and FP of firms due to its heterogeneity during thegrowth of firms.’ The estimation results suggested that the recycling of wastematerial had significant negative driving forces on FP. However, waste watertreatment and furnace oil consumption had no significant impact on FP.Therefore, it is critical to investigate the relationship between FP and EMPswhich is yet to be resolved in order to build up a scope for companies toimplement better environmental practices in the organizations.KeywordsEnvironmental management practices; Financial performances; rubber industry

Effect Of Social Media Marketing Communication On Customer Behavioral Intention Of Fast-Food Restaurant Chain Customers In Sri Lanka: Brand Image As A Mediator

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“…Many factors influence the growth of fast-food consumption in Sri Lanka with the growing knowledge and adoption of Western culture modify food consumption patterns among Sri Lankan families (Gurunathasivam et al, 2023;Saraniya & Kennedy, 2015;Sriyalatha & Kumarasinghe, 2021). Especially: 1) the growing contribution of women in the workforce; 2) long working days; 3) increasing household income; 4) the declining number of families; 5) rapid urbanization; 6) development in the tourism industry; 7) extended life expectancy; 8) growing level of education in consumers; 9) rising per capita income; 10) way The factors of socializing, 11) fun and entertaining, and 12) promotion activities by fast-food restaurants, distribution networks, and marketing systems have directly led to the growth of the use of fast-food in Sri Lanka (Gurunathasivam et al, 2023;Salwathura & Ahmed, 2023;Bandara et al, 2021;Devendra, 2015;Saraniya & Kennedy, 2015). Fast-food became more widespread in Sri Lanka with the advent of inexpensive fast-food items, the start of fast-food home delivery services like Uber and Pickme, and the introduction of rice, a staple meal of the country, as fast-food (Saraniya & Kennedy, 2015;Sriyalatha & Kumarasinghe, 2021).…”

The Determinants of Financial Distress in Emerging Country: Empirical Evidence from Indonesia

“…Based on many previous studies, Altman's Z-Score has proved as one of the most important indicators in predicting a company's financial condition, due to its ability to minimize errors in the classification process, such as misplacing company classifications known as "Type I Errors'' (Gunathilaka, 2014). In addition, this model focuses on all assets owned by the company and has ratios that simultaneously influence bankruptcy predictions (Patunrui & Yati, 2017).…”