New Validation of COVID-19's effects on Micro, small and Medium Enterprise and Its Survival

2021 ◽  
pp. 56-65
Author(s):  
Kanesh Suresh
Keyword(s):  
Sri Lanka ◽  
Swot Analysis ◽  
Primary Data ◽  
Sri Lankan ◽  
Growth And Survival ◽  
Job Experience ◽  
Medium Enterprise ◽  
High Degree ◽  
Input Prices ◽  
Method Approach

MSMEs (Micro, Small, and Medium-sized Enterprises) are the backbone of many economies worldwide, providing income and jobs to many people. The global and Sri Lankan economies have been seriously impacted by the coronavirus (COVID-19) outbreak. MSMEs are the primary victims of the COVID-19 epidemic, which faces numerous obstacles that impede their growth and survival. The analysis aimed to see how COVID-19 afected MSMEs in Sri Lanka. The extent of impacts of the sector was measured using descriptive statistics and SWOT analysis techniques with a Likert scale. From July to September 2020, the study used a mixed method approach, with primary data collected from 200 randomly selected entrepreneurs through a well-designed organized questionnaire survey in the Batticaloa District of Sri Lanka. According to the fndings, 62 percent of entrepreneurs have extremely high job experience power, while 52 percent have extremely low technical adaptation strength during this pandemic era. In terms of weakness, 61 percent and 60 percent of respondents, respectively, revealed a high degree of weakness in their companies, such as a lack of technical skills and expertise. According to the opportunity survey, 87 percent and 86 percent of respondents, respectively, had exceptionally low opportunities in subsidy facilities and social media use. Furthermore, during COVID-19, 59 percent, 68 percent, and 34 percent of respondents experienced extremely high threats due to curfew, increased input prices, and marketing facilities, respectively. To resolve critical situations like the COVID-19 outbreak and improve MSMEs in the region, the study recommended that NGOs, local government bodies, and policymakers develop awareness and support for entrepreneurs through confdence building, planning of workshops, seminars, and exhibitions.

Dividend policy determinants of Sri Lankan firms: a triangulation approach

2019 ◽  
Vol 45 (1) ◽  
pp. 2-20 ◽  
Author(s):  
H. Kent Baker ◽  
N. Jayantha Dewasiri ◽  
Weerakoon Banda Yatiwelle Koralalage ◽  
Athambawa Abdul Azeez
Keyword(s):  
Sri Lanka ◽  
Survey Data ◽  
Cash Flow ◽  
Dividend Policy ◽  
Hybrid Approach ◽  
Secondary Data ◽  
Free Cash Flow ◽  
Primary Data ◽  
Sri Lankan ◽  
Content Type

PurposeThe purpose of this paper is to identify the dividend policy determinants of Sri Lankan firms and why they pay dividends.Design/methodology/approachThe study uses several quantitative approaches to investigate dividend determinants using market (secondary) data of 190 Sri Lankan firms and 1,330 firm-year observations. Dividend determinants are also identified using survey (primary) data from 141 of the 190 firms. Triangulation is then used to facilitate validation of the data through cross-verification from two data sources.FindingsAnalysis of the market data reveals that firm size, industry impact, corporate governance, free cash flow, earnings, past dividends, profitability, investment opportunities, net working capital, concentrated ownership structure and investor preference represent the most important dividend determinants. Survey data confirm these findings. The evidence supports the pecking order, signaling, free cash flow, catering and outcome theories using both secondary and primary data and the bird-in-the-hand theory using survey data.Research limitations/implicationsThe findings are useful not only for corporate decision makers in establishing an appropriate dividend policy but also for shareholders in making investment decisions. Because the current study is limited to Sri Lanka, future researchers should study the same phenomenon in other countries using the triangulation approach.Originality/valueThis study provides a hybrid approach to dividend policy research by using both primary and secondary data in a single study. It is the first dividend study in Sri Lanka to use a triangulation approach.

scholarly journals Critical factors influencing online consumer preference towards cash on delivery method in Sri Lanka

2021 ◽  
Vol 3 (1) ◽  
pp. 66-80
Author(s):  
Navodika Karunarathna
Keyword(s):  
Sri Lanka ◽  
Structural Equation ◽  
Consumer Preference ◽  
Primary Data ◽  
Sri Lankan ◽  
Critical Factors ◽  
Delivery Method ◽  
Payment Methods ◽  
Foreign Products ◽  
Factors Influencing

With the rapid technological advancements, E-commerce deliveries in Sri Lanka have been flourishing tremendously. However, payments have still been identified as one of the main obstacles to the developments of the E-commerce sector. The Cash on Delivery (COD) method has played a significant role in driving the growth of the E-commerce industry and accounts for more than 60% of all E-commerce transactions in Sri Lanka. Although COD is so important, many companies still waver with its processes as it has become a notoriously problematic area in terms of on-time and successful deliveries. Hence, the purpose of this study was to investigate the critical factors influencing online customers' preference of cash on the delivery method to provide insights into the management of E-commerce and logistics industries on the usage of appropriate payment methods for E-commerce transactions. This empirical study is based on the primary data obtained through a survey conducted among Sri Lankan online customers. The data were analyzed using the Partial Least Squares–Structural Equation Modelling technique. Consequently, 'Sri Lankan origin of the online seller,' 'Selling specialized products by the online seller,' 'Availability of wide choice of payment methods,' 'Offering a wide assortment of foreign products by the online seller,' 'Lack of trust on online payments' has been identified as the critical factors influencing Sri Lankan online customers' preference of cash on delivery method.

scholarly journals External relationships and entrepreneurial orientation of tea manufacturing firms in Sri Lanka

2017 ◽  
Vol 20 (3) ◽  
pp. 293-306
Author(s):  
Aruni Wickramaratne ◽  
Akira Kiminami ◽  
Hironori Yagi
Keyword(s):  
Sri Lanka ◽  
Entrepreneurial Orientation ◽  
Global Market ◽  
Manufacturing Firms ◽  
Primary Data ◽  
Sri Lankan ◽  
Policy Makers ◽  
Empirical Survey ◽  
External Relationships ◽  
Structured Questionnaire

The purpose of this study is to examine the relation of external relationships and entrepreneurial infrastructure on the entrepreneurial orientation (EO) of tea manufacturing firms. An empirical survey was conducted with tea manufacturing firms located in a low grown area in Sri Lanka. Primary data were collected by administering a structured questionnaire at 109 tea factories. The findings indicated the importance of external relationships; specifically, relationships with supply chain partners and relationships with government facilitating institutions enhance the EO of tea manufacturing firms. However, relationships with other tea factories and educational and research institutions are not significant influences on firms’ EO in the context of the Sri Lankan tea industry. When considering the dimensions of EO, risk taking is influenced by external relationships and not innovativeness and proactiveness. Further, the entrepreneurial infrastructure provided by related institutions except other tea factories have positive links with EO. Such contributions are important to managers and policy makers to enhance the EO of tea manufacturing firms when facing competitiveness in the global market.

scholarly journals Common Mistakes in Creating Sentences Consisting of a Subject and Predicate and in Translating them to Tamil: A Case Study of Undergraduates of the Department of Arabic Language of South Eastern University of Sri Lanka

2021 ◽  
Vol 4 (12) ◽  
pp. 152-157
Author(s):  
Zunoomy M.S. ◽  
Munas M.H.A.
Keyword(s):  
Sri Lanka ◽  
Language Learners ◽  
Second Language Learners ◽  
Secondary Data ◽  
Arabic Language ◽  
Specific Aspect ◽  
Primary Data ◽  
Sri Lankan ◽  
Analytical Methodology ◽  
South Eastern

Nominal sentence is a specific aspect of a language. It consists of a subject and predicate. The predicate reflects the subject. Second language learners of Arabic at the level university face difficulties in creating sentences consisting of a subject and predicate and in translating them into Tamil. At the same time, they have learned Arabic grammar in Sri Lankan Arabic Colleges with the 5 – 7 years and also Tamil is their native language. Thus, this research aims to identify the grammar errors when writing nominal sentences and to translate them to Tamil and to rely on the reasons for them. To this, the research uses descriptive analytical methodology through a quantitative approach. It uses a questionnaire for primary data among the undergraduates of the Department of Arabic Language, South Eastern University of Sri Lanka. At the same time, secondary data were gathered from researches, books, articles, website articles. The research finds that the undergraduate has the enough theoretical knowledge about the nominal sentence and they have no confuse to develop a nominal sentence. At the same time, in the practical part, they are neutral level in writing a nominal sentence, in finding the error from them a, and in translating them into Tamil. Hence, the practical part is difficult for the undergraduates than the theoretical part.

scholarly journals Problems Faced by Muslim Converts in Sri Lanka: A Study Based on Anuradhapura District

2020 ◽  
Vol 13 (3) ◽  
pp. 10
Author(s):  
Ahamed Sarjoon Razick ◽  
Mohamed Anifa Mohamed Fowsar ◽  
Ameer Rushana
Keyword(s):  
Sri Lanka ◽  
Married Couples ◽  
Primary Data ◽  
Voluntary Organizations ◽  
Sri Lankan ◽  
Significant Finding ◽  
Muslim Community ◽  
Qualitative And Quantitative ◽  
Depth Interview ◽  
Financial Issues

Muslim converts are living with several problems after the conversion, and they are disowned and separated by their original relatives. Muslims by birth call Muslim converts as 'Moula-Islam' which is keeping off them as a different segment. The aim of this research is, therefore, to identify the problems faced by Muslim converts in Anuradhapura district, Sri Lanka. This is an empirical study with the applications of qualitative and quantitative data. The study adopted the questionnaire survey and in-depth interview techniques to collect primary data and randomly selected sixty-five samples out of three hundred sixty-five Muslim coverts living in Anuradhapura district. The significant finding of the study reveals that Muslim converts are facing several socioeconomic problems including the separation from family and relatives, the language problem, financial issues, the disparity in the aspect of marriage and the occurrence of divorces among married couples. The study further highlights difficulties faced by Muslim converts in terms of Islamic knowledge, learning Al-Quran, adopting Muslim cultural identity. Muslim converts are the most vulnerable people in the Muslim community, and they do not receive financial help, including Zakat from traditional Muslims. Hence, this study argues that current problems faced by Muslim converts should be addressed meaningfully and the Muslim community and voluntary organizations should take corrective measures to improve the life of Muslim converts in the Sri Lankan context.

scholarly journals The Impact of HR Practices on Employee Retention; A Case of BPO Sector, Sri Lanka

2018 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
N.R.A.S.S. Wijesiri ◽  
G.S. Paranagama ◽  
M.M.A.S. Sirirwardhana ◽  
D.L.N.C. Thilakarathna ◽  
R.S Weerarathna ◽  
...  
Keyword(s):  
Sri Lanka ◽  
Employee Turnover ◽  
Employee Retention ◽  
Simple Random Sampling ◽  
Primary Data ◽  
Sri Lankan ◽  
Business World ◽  
Hr Practices ◽  
Executive Level ◽  
The Impact

In today’s business world, employee retention is one of the much debated topics and identifying the reasons for employee turnover and implementing the necessary policies to retain employees can be crucial. Thus, all organizations expect to minimize the employee turnover to best possible level. Therefore, the intention of this research is to study the impact of Human Resource practices on employee retention, conducted on the Business Process Outsourcing (BPO) sector in Sri Lanka. BPO sector is recognized as an emerging sector in Sri Lanka, and this sector is well known as an under-researched area. This study is significant as such research projects have been sparse in the Sri Lankan context and in order to fill that gap this research have been conducted for three companies namely Company A, B and C. The analysis was mainly based on 237 executive level employees from Company A, B and C respectively 108, 32 and 97 selected through simple random sampling. Primary data were collected using a self-administrated questionnaire and analyzed through deductive approach. According to the results obtain through regression analysis all three companies indicated that there is less impact of HR practices on employee retention. As a conclusion when management of BPO sector formulate the policies in their organizations with regard to employee retention, they should consider not only the HR practices but also, they have to concern about other factors that can effect on employees.

scholarly journals Impact of Lifelong-Learning Mindset on Career Success of Professionals in the Field of Accounting

2021 ◽  
pp. 54-74
Author(s):  
R. W. A. V. A. Wijenayake ◽  
P. M. R. N. Fernando ◽  
S. Nilesh ◽  
M. D. G. M. S. Diddeniya ◽  
M. Weligodapola ◽  
...  
Keyword(s):  
Sri Lanka ◽  
Lifelong Learning ◽  
Career Success ◽  
Pearson Correlation ◽  
Linear Regression Analysis ◽  
Strategic Thinking ◽  
Primary Data ◽  
Sri Lankan ◽  
Accounting Professionals ◽  
The Impact

The notion that the lifelong-learning concept bolsters career success is one of the popular and debated research areas in the world. Within the Sri Lankan context, there is a lack of evidence to determine this concept and only have the impression that a lifelong-learning mindset positively impacts career success. Therefore, this conceptual query is carried out to warrant scholarly investigation that encapsulates the impact of a lifelong-learning mindset on the career success of accounting professionals in Sri Lanka. By bridging the lacuna in existing research studies and determining the relationship between lifelong mindset and career success in the Sri Lankan context, this study tries to fulfill the empirical gap and contribute new knowledge. The study was conducted in SLIIT Business School, SLIIT, Sri Lanka during the time period between February to October 2021. Adopting an online questionnaire survey strategy and convenience sampling method, primary data was collected from a sample of 384 respondents who are accounting professionals in the Western Province of Sri Lanka. Descriptive statistics, correlation analysis, and multiple linear regression analysis were used to analyze the data and interpret the findings. According to the findings, there is a significant impact on career success from a lifelong-learning mindset, and a positive relationship between lifelong-learning mindset and career success with a Pearson Correlation Coefficient of +.729. The study discovered that increasing the Lifelong-learning mindset attitude by one unit increases the career success of accounting professionals by 77.9 percent (P = 0.000). The research found that out of three factors, namely, learning curiosity, strategic thinking, and resilience; only curiosity and resilience have a statically significant impact on career success in Sri Lanka. A finding this research was able to identify is that strategic thinking does not significantly impact career success within the Sri Lankan context.

scholarly journals Perceived Readiness of Educated Youth towards Ethnic Integration in Sri Lanka

2021 ◽  
Vol 2 (1) ◽  
pp. 31-44
Author(s):  
M.S. Dimuthu Kumari
Keyword(s):  
Sri Lanka ◽  
Social Integration ◽  
Primary Data ◽  
Survey Method ◽  
Research Approach ◽  
Sri Lankan ◽  
Online Questionnaire ◽  
Integration Model ◽  
Ethnic Integration ◽  
The Social

Sri Lanka is a multi-ethnic society hence the ethnic integration has been a hot topic for decades.   By 2021, it has been 73 years after the independence from British empires, however, natives still struggle for the reconciliation among themselves. Often occurred ethnic clashes usually account for a huge social and economic cost.  Various scholars have highlighted that youth is highly active in initiating ethnic clashes. And, it is quoted specifically for the ‘Educated youth’ in Sri Lankan context. Therefore, this study explores the perceptions of ‘multi-ethnic, educated youth’ in heightening ethnic integration in Sri Lanka. This study utilized quantitative research approach and survey method. Primary data was mainly used for the study and collected through an online questionnaire. 100 multi-ethnic youth who are studying in higher education institutions in Sri Lanka selected as the sample using random sampling technique.  The readiness of respondents was basically measured through their perceptions with respect to the social integration model proposed by Awang et al (2019). Descriptive statistics were used in analyzing data. The results showed that the overall readiness of educated youth in promoting ethnic integration is high in Sri Lankan context. The respondents are almost ready for the social acceptance and cultural appreciation levels of the model. However, they have showed, relatively a slight attraction towards compromisation and adaptation levels for which a high degree of ethnic tolerance is required. Therefore, it can be concluded that the majority of educated youth are social extroverts and are aware the importance of integration. However, since they showed a little attraction towards the upper layers of integration pyramid, there is a need of re-evaluating existing social integration policies. So that, some policy recommendations are suggested to enhance more operational activities in reconciliation process to reach the upper levels of ethnic integration (compromization and adaptation) in Sri Lankan context.

scholarly journals Challenges and Opportunities for Sri Lankan Exporters in the German Market: A Specific Reference to the Electrical and Electronic Sector

2021 ◽  
pp. 118-133
Author(s):  
R. T. Vidyaratne ◽  
E. A. G. Sumanasiri
Keyword(s):  
Sri Lanka ◽  
Primary Data ◽  
Specific Reference ◽  
Sri Lankan ◽  
Snowball Sampling ◽  
Structured Interviews ◽  
Foreign Missions ◽  
German Market ◽  
Strategic Relationships ◽  
Trade Promotion

Foreign missions have been the pillars of trade promotion and in particular, of export and export-oriented investment. In Sri Lanka, the potential for export promotion to Germany is immense. However, it is discernible that there has been no coordinated effort by foreign missions to promote trade with Sri Lanka. At present, Sri Lanka maintains 52 High Commissions/Embassies overseas. In Sri Lanka, the Electrical and Electronic (EE) sector is one of the emerging sectors supported by the National Export Strategy (NES), and currently, the sector serves niche markets that have great potential to diversify in the area of Electrical and Electronic Components. The EE sector is also considered to have potential to stimulate innovation, research and development (R&D) and investment in Sri Lanka. Certain challenges are highlighted in the literature when promoting EEC as a major export of Sri Lanka. However, in this process of promoting exports in the EEC sector in the international market, foreign missions are recognized as the responsible stakeholder since they can facilitate the export process through diverse networks. Therefore, this research examines the challenges faced by Sri Lankan exporters when exporting to Germany, focusing especially on the Electrical and Electronic Sector. To achieve this research objective, a qualitative methodology was adopted as it permitted the researchers to understand human behaviour and thoughts to identify preferences in trade promotion activities. Primary data were collected through two main sources, namely, structured interviews and focus group discussions, while secondary sources such as international trade databases and trade maps were used to triangulate the data. The population of the study was Sri Lankan exporters and importers, trade support institutions and diplomats. In total, 14 semi-structured interviews were conducted using the convenience sampling method and snowball sampling. Analysis of data collected through semi-structured interviews (14) revealed that trade fairs and Business to Business meetings were vital opportunities to increase trade promotional activities of exporters. Major challenges faced by Sri Lanka exporters to the German market include the need for internalizing industries, limited recognition of Sri Lanka’s EEC sector locally and internationally, lack of business intelligence, lack of stakeholder communication, need to build strategic relationships and intergovernmental engagement. The study offers several recommendations to overcome trade barriers and to exploit the available opportunities in the host market.

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