Today, we are living in the knowledge century. Knowledge-based intangible resources in enhancing sustainable growth of small and medium enterprises (SMEs) is presently a significant scope of research. Innovation capability is the intuitive skill of an individual or a firm to transform an explicit concept towards value orientation that carries an economic value. This economic value would then lead to wealth creation and eventually result in sustainable SMEs. The SME sector has been highlighted for its significant contribution towards the creation of employment, opportunity for innovation and economic dynamism. In this study, evidence derived from knowledge-based view and knowledge creation theory was used to construct a structured model to analyze the relationships among innovation capability, disruptive technology and knowledge creation and their impacts on SMEs sustainability. A sample of 384 owners of SMEs in Sri Lanka was included in the study. The outcome of structural equation modelling (SEM) discovered positive effects of innovation capability, disruptive technology and knowledge creation on sustainability. Innovation capability also emerged as a predictor of disruptive technology and knowledge creation. Moreover, disruptive technology and knowledge creation were found to be partial mediators of the association between innovation capability and SMEs’ sustainability. These findings pave the way for policy makers to promote sustainability in SMEs, by assisting to enhance their performance in competitive and innovative economic environments. Further, the validated model can be empirically tested in future research.

There has been a significant growth of interest in the field of corporate social responsibilityand the debate is still hot. There are however very few studies done in the least developedcountries on the subject matter.The main objective of the study was to investigate the impact ofCSR on Firm Financial Performance in the least developed countries, Tanzania being the countryin question. The aim of this paper is to find out if there is a significant difference in financialperformance of firms that engage in CSR relative to those that do not practice CSR. Independentsample t-test was used to test hypotheses. The data set included randomly selected 101 firmsoperating in Tanzania using accounting based measures of financial performance namely Returnon Asset, Return on Equity.The findings presented revealed that there is a significance differencein financial performance favoring those firms that do Corporate Social Responsibility, implyingthat CSR has a positive influence on firm financial performance. Firms should then engage incorporate social responsibility so as to improve their financial performance and managers shouldnot underestimate the contribution they make by committing their time and resources to makesure their CSR programs are effective in order to achieve the competitive advantage.

At the era of knowledge economy, knowledge innovation is crucial for an enterprise. On the basis of the definition of the cooperation of industry, university and research institute, the paper illustrates the reason why knowledge innovation needs the cooperation of industry, university and research institute, presents what is the cooperative process of industry, university and research institute leads to knowledge innovation, and concludes that the trend of collaborative competition stimulates the cooperation of industry, university and research institute into the developmental direction of knowledge innovation.

Environment is a rich heritage handed over by previous generations. However the nature’s straggling behind the economic development creates a chaotic atmosphere. Accountants are justifiably among those who might be criticized for this chaos because accounting which is the language business has never spoken for nature and environment except for the recent decades. The author tries to make the tragedy of environmental degradation More palpable through the numbers and accounting for senior managers and other participants to have a better understanding of the issues. Green economy means an economy that has the ability to rebuild itself as a stable one. The present economy of China and India are moving too rapidly in recent years and kills the environment that nourishes it which is a sort of suicide like a cancer that eventually led to its death with the elimination of host cells.