Commerce and Financial Management

Now showing 1 - 4 of 4

The Tourism-Led Development Strategy in Sri Lanka.
(Journal of Business and Technology, 2017) Fernando, Sriyantha.
Sri Lanka has an ability to become one of the best tourism countries (TCs) in Asia. However, it missed opportunities on a number of occasions due to inappropriate economic policies, continuous political violence and wars. Since 1983 the Sri Lankan tourism sector was seriously affected by the nearly three decades of separatist war which ended in May 2009. Immediately after the end of war tourism in Sri Lanka bounced back and it now has become the engine of economic growth in post war Sri Lanka. In this paper, a historical analysis has been undertaken to demonstrate how Sri Lanka miss matched their development strategies in terms of tourism, although the country had potential to attract record number of tourists. The post-war tourism boom has given Sri Lankans and the Sri Lankan tourism sector new hopes and optimism. This paper demonstrates that the Sri Lankan tourism sector has potential and opportunities to play a vital role in the post-war inclusive development strategy in terms of generating much needed foreign exchange, poverty alleviation via employment generation, accelerating economic growth and uplifting living standards of all Sri Lankans.
Impact of Subjective Well-Being on Success of Technological Knowledge Creation among Independent Inventors in Developing Countries: A First Look at Sri Lanka
(2011) Wickramasinghe, C.N.; Ahmad, N.; Rashid, S.; Emby, Z.
Technological innovations have become one of the key determinants of the success of knowledge economy. So far, technological development in knowledge economies has been mainly measured based on organizational and explicit objective outcome of knowledge creation capacity of a nation or a region. In the Western knowledge economies, role of the independent inventors has been ignored, discouraged, and organizational innovations have been recognized as driving force in new knowledge creation. However, the continuous involvement of independent inventors in technological inventions in unfavorable conditions is a phenomenon that cannot be explained by existing objective measures. Recently, subjective well-being has emerged as a key aspect of human capital that positively influences the developing nations. However, there were hardly any published studies that examined the possible relationship between subjective well-being and the success of inventors in the developing countries. This paper presents the first look at this relationship among the independent inventors in Sri Lanka: a lower middle-income country in South Asia. The study found that independent inventors in Sri Lanka are not objectively successful, but they are subjectively successful. They feel happy about what they have achieved as inventors, satisfy with what they are planning to do and supposing to achieve in the future. Independent inventors’ subjective success depends on their satisfying assessment of existing objective outcomes, optimism on what they are going do, and what they are hoping to gain in the future. Findings suggest that subjective success or well-being of independent inventors might lead them to be continuously engaged in inventive activities under the unfavorable environments for independent inventing.
Issues and Challenges of Born Global Entrepreneurs: Information & Communication Technology (ICT) Exporters in Sri Lanka
(2015) Herath, H.M.T.S.; Karunaratne, H.D.
There has been a growing interest in early and rapidly internationalizing firms, known as ‘Born Globals’, in place of a novel phenomenon in International Entrepreneurship (IE) domain. Despite extensive research, the BG phenomenon is still under explained and hence, theory and practice are still developing. Therefore, the main aim of this study is to investigate the nature, characteristics, performance, issues and challenges of BGs in the context of Sri Lanka with special reference to Information and Communication Technology (ICT) exporters, who exhibit those characteristics of born globals. The study uses the descriptive approach and the sample includes ICT exporters in Sri Lanka. The findings of the study reveal that the main challenges and the issues, facing by ICT exporters in Sri Lanka are; the structural composition of the ICT industry, lack of skillful human resources, heavy dependency on US & Europe markets, costly infrastructure facilities & its poor condition and lack of global image as an IT destination.
Predicting Corporate Financial Distress in Sri Lanka With Reference to Z-Score Model
(University of Kelaniya, 2014) Nanayakkara, K.G.M.; Azeez, A.A.
Financial Distress is a problem spread all over the world from the history. Even though there are ample research studies on this area, the empirical results on this area provide inconclusive results. The majority of the research works focused only on the bankruptcy and not on the financial distress. Hence, the main purpose of this study is to develop a better financial distress prediction model for Sri Lankan companies using the Z-score model. Multivariate Discriminate Analysis (MDA) was used as the analytical technique and simultaneous estimation method has used to enter the variables in the analysis. The study has examined four accounting ratios for 134 distressed and non-distressed companies from 2002 to 2011. The study has found that the derived model which consists of four accounting ratios is capable of predicting financial distress of quoted public companies in Sri Lanka with 76.9% accurate one year prior to distress. Further, the model has the financial distress predicting ability of 74.6% and 67.2% two years and three years prior to distress respectively. This model can be used to assist investors, creditors, managers, auditors and regulatory bodies in Sri Lanka to predict the financial distress

Commerce and Financial Management

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