Browsing by Author "Liyanage, C. J."

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    Effect of Micro Finance Services on Growth of Micro Small and Medium Scale Enterprises (MSMEs) in Service Sector Operating in Colombo District
    (Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Liyanage, G. S. D.; Liyanage, C. J.
    The Micro, Small and Medium Enterprises (MSMEs) have been highlighted as a key strategic sector in Sri Lanka because MSMEs play a major role in economic development. The objective of the study is to investigate whether Microfinance services impact the growth of micro, small, and medium-sized businesses (MSMEs) in the Service Sector operating in the Colombo district. Micro, small, and mediumsized enterprises (MSMEs) in the service sector operating in the Colombo district are the population. A sample of 250 MSMEs were selected using the convenient sampling method and the data were collected through structured questionnaires. Independent variable of the study is Micro-finance Services which is determined by Micro-credit, Micro-saving, and Micro-insurance. The dependent variable is Growth of MSME's. The results found that there is a positive relationship between Micro-credit, Microsavings, and Micro-insurance services with the growth of MSMEs in the Service Sector Colombo District. Further, Micro-savings have been the most contributory factor and Micro-insurance services were the least contributory factor for the firm's growth. Based on the survey data, the author has developed a multiple regression model. The study recommended that the government should further promote microfinancial services to develop the MSMEs in Sri Lanka.
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    Enterprise Risk Management Practices and Financial Performance of Apparel Industry in Sri Lanka
    (Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Athuraliyage, N. M.; Liyanage, C. J.
    The apparel industry plays an important role in the Sri Lankan economy. However, based on the previous literature apparel factories continuously face many internal and external risks and business recessions that affect their performance. Therefore, the main objective of this paper is to identify the impact between enterprises' risk management practices and a firm's financial performance. To achieve the said objective, researchers conducted a questionnaire-based survey of 167 managers involved in enterprise risk management in the apparel industry in Sri Lanka applying a simple random sampling method. This study is quantitative research that adopts ontological and positivist research philosophy. The Statistical analysis has been done through correlation coefficient analysis with the SPSS software. Results found that small apparel factories' risk management systems turned out to be relatively weak and informal. Further, firm size and management attitude toward risk have been shown to significantly impact enterprises’ risk management practices and company financial performance. The findings confirmed a strong positive correlation between risk management practices and financial performance in the Sri Lankan apparel sector.