{"id":2472,"date":"2021-03-08T14:35:50","date_gmt":"2021-03-08T14:35:50","guid":{"rendered":"https:\/\/mgt.sjp.ac.lk\/vjm\/?p=2472"},"modified":"2021-03-08T14:39:27","modified_gmt":"2021-03-08T14:39:27","slug":"environmental-management-practices-on-financial-performance-with-special-reference-to-the-rubber-industry-in-sri-lanka","status":"publish","type":"post","link":"https:\/\/mgt.sjp.ac.lk\/vjm\/2021\/03\/08\/environmental-management-practices-on-financial-performance-with-special-reference-to-the-rubber-industry-in-sri-lanka\/","title":{"rendered":"Environmental Management Practices on Financial Performance: With Special Reference to the Rubber Industry in Sri Lanka"},"content":{"rendered":"<p><section class=\"kc-elm kc-css-7725 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-470646 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-876695 kc_text_block\"><\/p>\n<p><div class=\"welcome_banner full_white italic\" style=\"outline: 0px; max-width: 100%; line-height: normal; color: rgb(68, 68, 68); font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Oxygen-Sans, Ubuntu, Cantarell, \"Helvetica Neue\", sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><\/div>\n<\/p>\n<ul class=\"tabs-body\" style=\"padding: 0px; list-style: none; max-width: 100%; line-height: normal; color: rgb(68, 68, 68); font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Oxygen-Sans, Ubuntu, Cantarell, \"Helvetica Neue\", sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\">\n<li class=\"selected\" data-content=\"details\" style=\"margin-bottom: 6px; max-width: 100%; line-height: normal;\">\n<ul class=\"list4\" style=\"padding: 0px; list-style: none; max-width: 100%; line-height: normal;\">\n<li style=\"margin-bottom: 6px; max-width: 100%; line-height: normal;\"><b style=\"font-weight: 600; max-width: 100%; line-height: normal;\">D. Gunathilaka<\/b><br style=\"max-width: 100%; line-height: normal;\"><i style=\"max-width: 100%; line-height: normal; color: rgb(102, 102, 102); font-size: 11pt;\">University of Sri Jayewardenepura<\/i><\/li>\n<li style=\"margin-bottom: 6px; max-width: 100%; line-height: normal;\"><b style=\"font-weight: 600; max-width: 100%; line-height: normal;\">K.D. Gunawardana<\/b><br style=\"max-width: 100%; line-height: normal;\"><i style=\"max-width: 100%; line-height: normal; color: rgb(102, 102, 102); font-size: 11pt;\">University of Sri Jayewardenepura<\/i><\/li>\n<li style=\"margin-bottom: 6px; max-width: 100%; line-height: normal;\"><b style=\"font-weight: 600; max-width: 100%; line-height: normal;\">Abstract<\/b><br style=\"max-width: 100%; line-height: normal;\"><i style=\"max-width: 100%; line-height: normal; color: rgb(102, 102, 102); font-size: 11pt; text-align: justify;\">\n<p style=\"font-size: 14px; line-height: normal; margin: 1em 0px; max-width: 100%;\">\n<p style=\"font-size: 14px; line-height: normal; margin: 1em 0px; max-width: 100%;\">This study investigates the relationship between environmental management practices (EMPs) on financial performance (FP) using the data from thirty rubber manufacturing organizations by building panel models for the sample during the period of 2012-2016. The study has considered the three different EMPs of energy reduction (amount of furnace oil use per day), waste (amount of wastewater generates), and recycle (amount of recycle raw material) in capturing the effect of EMPs on FP. In addition, to elucidate how nancial performance is dealing with EMPs, the study used Return on Assets (ROA) as a determinant of financial performance. It is more difficult to identify the general relationship between EMPs and FP of firms due to its heterogeneity during the growth of firms.\u2019 The estimation results suggested that the recycling of waste material had significant negative driving forces on FP. However, wastewater treatment and furnace oil consumption had no significant impact on FP. Therefore, it is critical to investigate the relationship between FP and EMPs which is yet to be resolved in order to build up a scope for companies to implement better environmental practices in the organizations.<\/p>\n<p><\/i><\/p>\n<p style=\"font-size: 14px; line-height: normal; margin: 1em 0px; max-width: 100%;\"><i style=\"max-width: 100%; line-height: normal; color: rgb(102, 102, 102); font-size: 11pt; text-align: justify;\"><\/i><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/section><section class=\"kc-elm kc-css-771895 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-870303 kc_col-sm-12 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-549054\" style=\"height: 20px; clear: both; width:100%;\"><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"kc-elm kc-css-618857 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-146757 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-279498 kc_text_block\"><\/p>\n<p><b>Download<\/b><\/p>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/section><section class=\"kc-elm kc-css-259933 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-554195 kc_col-sm-12 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-77818 kc-icon-wrapper\">\n\t\t<a href=\"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-content\/uploads\/2021\/03\/6-environmental-practices-Final.pdf\" target=\"_self\" title=\"Download\">\n\t\t<i class=\"fa-file-pdf\"><\/i>\n\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/section><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts\/2472"}],"collection":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/comments?post=2472"}],"version-history":[{"count":4,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts\/2472\/revisions"}],"predecessor-version":[{"id":2477,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts\/2472\/revisions\/2477"}],"wp:attachment":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/media?parent=2472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/categories?post=2472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/tags?post=2472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}