http://dr.lib.sjp.ac.lk/handle/123456789/10558 2026-01-07T04:01:46Z http://dr.lib.sjp.ac.lk/handle/123456789/10569 The Role of Sri Lankan Stock Market in the Asian Region Kuruppuarachchi, D. This paper investigates the interaction of the Sri Lankan stock market with other Asian stock markets in terms of cointegration, contemporaneous correlations, information spillovers, and impulse responses. The study consider India, China, Pakistan, Singapore, Malaysia, Hong Kong, Korea, and Japan as neighboring stock markets to the Sri Lankan market. And it use daily data of leading stock indices for each country from 01st January 2000 to 31st December 2012. Findings reveal that the Sri Lankan stock market is cointegrated with the Korean stock market but not with others. Contemporaneous correlations are significant between Sri Lanka and other Asian countries such as India, Singapore, Malaysia, Hong Kong, Korea, and Japan. Pakistan, Malaysian, and Korean stock markets Granger cause in mean to the Sri Lankan stock market while India and Korea Granger cause in variance. Extreme downside risks in Chinese stock market also Granger causes the Sri Lankan stock market. Impulse response analysis provides evidence for the following day’s impact on the Sri Lankan stock market due a current shock on other Asian stock markets. Findings of this paper provide insightful information to both policy makers and investors in order to understand the behavior of Sri Lankan stock market. 2016-01-01T00:00:00Z http://dr.lib.sjp.ac.lk/handle/123456789/10568 Managerial Innovation in the Public Sector: An Exploratory Study on the State University Administration in Sri Lanka Fernando, R. L. S. Universities are expected to provide employable and quality graduates. The government of Sri Lanka provides education facilities to the nations and the total expenditure incurred from the General Treasury. However, a lack of financial resources is one of main constraints being faced by the State universities. These situations negatively affect the performance of the students. Even though, the financial and other constraints remain, universities would not reduce the expected service delivery. Thus, this paper argues that universities could perform in innovative ways in managing their educational programmes that would lead to improve the quality and the relevance of the output of the universities leading to more effective and efficient administration. Thus, this study examines the utility of innovation theory in university administration in Sri Lanka. The study attempts to answer two main research questions: Is innovation possible in the university Administration? And what are the main factors affecting on innovation in the university administration? Qualitative research approach with a purposive sample of 20 administrators from four universities from the Western Province was selected by using reputed snowballing technique. Descriptive analysis was undertaken. The study confirmed that innovation is possible and already happening within the university administration. Innovation in university administration means introducing and implementing systems of management by using new ideas to improve the efficiency and the effectiveness of the degree programs. The study presents several innovative practices initiated by the university administration which have created potential benefits to the degree programs. The administrators’ motivation to achieve is the significant determinant of the managerial innovation and supportive environment which is mainly the supports of the academic staff and the external environment are other significant determinants of managerial innovation in the administration of the selected universities in Sri Lanka. 2016-01-01T00:00:00Z http://dr.lib.sjp.ac.lk/handle/123456789/10567 Cosmopolitanism Orientation and Fashion Consciousness of Educated Young Consumers of Fashion Related Products in Sri Lanka Jayarathne, P. G. S. A.; Warnakularsooriya, B. N. F. Cosmopolitanism has become an integral part of social systems. Fashion consciousness is also a central aspect of the self of the fashion consumer. Thus, cosmopolitanism orientation may be one of the main determinants of fashion consciousness in the world at large regardless the geographical proximity. Most of the studies centred on cosmopolitanism, fashion consciousness, and fashion related products are based upon developed countries reflecting the seldom of developing country-based research. Addressing such gaps in the literature this scrutiny firstly aims to assess the degree of cosmopolitanism orientation in Sri Lankan young consumers, secondly to examine whether or not cosmopolitism orientation varies across the different ethnic groups, and thirdly to examine whether cosmopolitanism orientation discriminates the high from moderate, and moderate from low degree of fashion consciousness of Sri Lankan young educated consumers by performing Multiple Discriminant Analysis. A survey was carried out taking university students as the proxy for Sri Lankan younger generation. 663 usable questionnaires were used for the analysis. The result uncovers that Sri Lankan educated young consumers possess moderate degree of cosmopolitanism orientation and that Sinhalese are more open to Western Values than Tamil and Muslim Community. The results of Multiple Discriminant Analysis divulge that cosmopolitanism orientation discriminates the high from moderate, and moderate from low degree of fashion consciousness though the discriminating power is weak. Finally the paper makes important implications and suggestions for practitioners as well as for academics in the field of fashion and fashion related products. 2016-01-01T00:00:00Z http://dr.lib.sjp.ac.lk/handle/123456789/10566 An Improved Approach to Line Balancing for Garment Manufacturing Wickramasekara, A. N.; Perera, H. S. C. Production managers in the apparel industry frequently face the issue of being unable to complete the orders at the scheduled time. One of the reasons for this issue is the unavailability of a Line Balancing procedure that could encompass the stochastic nature of the sewing process, which is manifested through the likes of variability of sewing times, machine breakdowns, correcting defective products, and operator breakings such as for changing bobbins and drinking water. The objective of this research is to introduce a diverse approach to Line Balancing through giving due consideration to the stochastic nature of the process. The improved approach was developed through case study approach. Having selected a sewing line in an apparel factory, the process times of operations, major random events and the times elapsed between random events were recorded. Then the whole production cycle was simulated using ARENA software. By attempting and analysing different scenarios, a different approach for line balancing was introduced. The initial steps of the algorithm developed includes: collecting processing times and necessary information on manufacturing process, fitting standard probability distributions to both value added and non-value added activities, developing the precedence diagram, developing an initial algorithm for balancing a production line and finally, making necessary adjustments to the algorithm analyzing different scenarios. In order to check the validity of the algorithm, a production line was balanced for two different daily production targets. Thus, the application of proposed algorithm to balance the production line reduces the gap between the expected production target and the real achievement. 2016-01-01T00:00:00Z