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Financial Stress of Small and Medium Scale Entrepreneurs: A Review

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dc.contributor.author Jayasekara, B.E.A.
dc.contributor.author Fernando, P.N.D.
dc.contributor.author Ranjani, R.P.C.
dc.date.accessioned 2020-10-05T05:37:55Z
dc.date.available 2020-10-05T05:37:55Z
dc.date.issued 2019
dc.identifier.citation Jayasekara, B.E.A., Fernando, P.N.D. and Ranjani, R.P.C. (2019). Financial Stress of Small and Medium Scale Entrepreneurs: A Review, International Conference on Business and Information (ICBI – 2019), [Doctoral Colloquium], Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, P.69 en_US
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/21405
dc.description.abstract Financial stress became contemporary issue in the globe, directly and indirectly affects the individual’s behavior and disorders their physical and mental health. The main objective of this study is to critically evaluate the literature on financial stress and to build a financial stress mitigating framework. The study identified different aspects and different measures of financial stress, level of financial stress of small and medium entrepreneurs, consequences of financial stress and methods of mitigating financial stress. The study finds out that the financial stress caused for depression, anxiety, poor academic performance, unscheduled absences from work and also negatively effect on health, self-esteem, marriage satisfaction, parenting role and family functioning. The financial stressed individuals have a tendency to write cheques with insufficient funds in the bank, regret marketing purchases, make minimum payments, more like to pay interest, less likely to save regularly. To overcome the financial stress, necessary to develop problem solving and financial management skills, develop effective handling of economic hardship, introduce more flexible repayment plans for the loans; improve positive financial behaviors and budgets. The financial stress is less with those who are employed, older, having a lower debt load percentage, and perceives better health and a better family relationship. en_US
dc.language.iso en en_US
dc.publisher International Conference on Business and Information (ICBI – 2019), [Doctoral Colloquium], Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka en_US
dc.subject Financial Stress, Small and Medium Entrepreneurs, Subjective and Objective Financial Stress en_US
dc.title Financial Stress of Small and Medium Scale Entrepreneurs: A Review en_US
dc.type Article en_US


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