Scientific Research Journal, Volume III, Issue XII, December 2015 Edition

Scientific Research Journal

Scirj Volume III, Issue XII, December 2015 Edition
ISSN: 2201-2796

Publication starts: 25th December 2015
Full Paper available from: 25th December 2015

Using Altman�s Model and Current Ratio to Assess the Financial Distress of Listed Companies in the Default board of Colombo Stock Exchange
P.RAJKUMAR

Abstract: Risk of financial failure is defined as the inability of a firm to pay its current liabilities. Financial failure may lead firms to bankrupt or go into liquidation. This study uses Edward Altman’s financial distress prediction model and current ratio to assess financial situation of Companies listed in the default board of the Colombo Stock Exchange (CSE). The population of this study is composed of 8 selected listed Companies of Colombo Stock Exchange. The secondary data for assessment were obtained from the financial report of the particular Companies. This study found that there are financial distressed companies listed in the Colombo Stock Exchange.Study concluded that Edward Altman model and current ratio are useful tools for investor to predict financial failure of companies.

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Page 1-6

DYNAMICS OF BUSINESS SEA TRADE DISPUTE SETTLEMENT BY MEDIATION IN THE PORT OF BELAWAN, NORTH SUMATERA, INDONESIA
Dr. Djafar Albram

Abstract: Conflicts in busisness sea trade have positive relationship with the increasing activities of the sea international trade. However, this kind of conflict was still unable to be solved accurately, precisely, safely and smoothly either by the Indonesia’s court system or other states’ court systems. For this reason, this research taking the cases in the Port of Belawan, North Sumatera, Indonesia has three objectives. The first is to examine forms and mechanisms to settle business sea trade dispute. The second is to determine factors that encourage business community settled the sea trade dispute outside the formal court. The third is to address judgment and barriers faced by business community in settling their business trade outside the formal court. The approach used to analyse the research questions was based on the normative legal approach using both primary and secondary data. The instruments for collecting primary data are through field observation, in-depth interview and questionnaires. The secondary data were from literature and other legal documents related with business sea trade. The study found as follows. First, mediation or negotiation has been the dominant way that was used by the business community in the port of Belawan to solve the business sea trade disputes. Second, the practical, economic and the legal cultural reasons have been the reasons why the business sea trade disputes were settled outside the formal court. Third, judgment to use mediation or negotiations by business community is because this method is open and based on kinship principle. However, there is obstacles encountered using this method including the lack of understanding of the parties, the knowledge and negotiation techniques itself, and the absence of a law. Thus, much remain to done by the government to formulate rules to support this mediation or negotiation method in formal legal way.

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Page 7-14

Liveability of Fayoumi and Sonali Chicks in Scavenging Rearing System
O.F. Miazi, G. Miah, M.M. Momin, M.M. Hassan, M.M. Uddin, M.E. Hossain, M.S. Mahmud and M.F. Ahsan

Abstract: Now the days Fayoumi and Sonali breeds are commonly reared in scavenging rearing system in Bangladesh. The aim of the present study was to determine the liveability of Fayoumi and Sonali chicks. One observational cross-sectional study was done on the Fayoumi and Sonali chicks at Chittagong and Noakhali district from October 2005 to July 2006. A total of 48 farmers (24 from each Upazila) were selected randomly, who reared chicks under scavenging condition and as well as had broody hens. Twelve eggs of each breed were supplied to each farmer. The chicks were hatched out by the farmers managed broody hens. Then the chicks were reared under scavenging system. The overall liveability of Fayoumi chick after 8-week was 58.2% and the difference between Chittagong and Noakhali sites was negligible, which did not vary at all (χ2 = 0, df = 1, p > 0.05). Whereas the overall liveability of Sonali chick was 49.4% and there was small variation between two sites, but it did not differ significantly (χ2 = 0.316, df = 1, p > 0.05). On the other hand, the liveability of Fayoumi chick was higher than that of Sonali, though it did not vary significantly (χ2 = 1.317, df = 1, p > 0.05). After 12 weeks the liveability of Fayoumi was 42.3% and Sonali 31.2% that varied between two breeds, but not significantly (χ2 = 3.43, df = 1, p > 0.05). The liveability of Fayoumi chicks was higher Chittagong (43.8%), but that was not significantly different from in Noakhali (40.9%) (χ2 = 0.04, df = 1, p > 0.05). Liveability for Sonali did not differ significantly between two sites (χ2 = 11, df = 1, p > 0.06). Liveability of Fayoumi chicks was better than Sonali under scavenging rearing condition.

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Page 15-19

Aligning IT/IS goals with business objectives; facilitating knowledge discovery for enhancing organizational performance: A review study
Wilkister Atieno Dinda, Njeru Mwiti Kevin , David Kibaara, Alexander Muriithi Njoroge, Kevin Murithi Njagi

Abstract: Information Systems (IS) are becoming increasingly important for business and industry to improve their competitiveness in an ever dynamic market. This paper analyzes the strategic management approaches and the strategic significance of Information systems in information driven business economies. The various strategic IS concepts are identified and the importance of aligning IS and Information Technology (IT) goals and business goals is highlighted. Considering the growing interest and the vital role of Information Systems in improving the competitive position of firms, this paper reviews both academic and practitioner research in this area to provide insights in aligning IS and corporate objectives. It concludes that based on the strategic importance of IS, there is need to develop a framework that leverages IS/IT strategies with business objectives.

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