Browsing by Author "Madhavika, N"

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    PublicationOpen Access
    Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
    (PLoS ONE, 2023-02-01) Wannisinghe, P; Jayakody, S; RathnayakeI, S; Wijayasinghe, D; Jayathilaka, R; Madhavika, N
    This study examines the impact of the Logistics Performance Index (LPI), Global Competitiveness Index (GCI) and Interest Rates (IR) on Foreign Direct Investment (FDI) for the Asia & Pacific region. The study is original as extensive evidence on the impact of LPI, GCI and IR on FDI in the Asia & Pacific region are examined initially. For the years 2007, 2010, 2012, 2014, 2016 and 2018, data was gathered for 33 nations in the Asia and Pacific area. Data analysis was performed using a panel regression model and multiple linear regression. The findings of the study reveal that LPI, GCI and IR are the three major factors influencing FDI inflows into the economies. However, the impact of these factors varies from country to country. The results concluded that LPI positively impacts FDI in India, Korea, Lebanon, and Oman. In contrast, a negative influence was observed for China, Kuwait and the Philippines. GCI positively impacts FDI in China, Korea, Kuwait, Pakistan and the Philippines, while a negative impact was observed in Armenia, India, Lebanon. Furthermore, IR has a positive impact on FDI flows in China and Egypt while in Korea and Lebanon, a negative impact was observed. Therefore, policymakers should focus more on improving the infrastructural requirements and macroeconomic factors while considering the other countrylevel variables that influence the FDI in flow.
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    PublicationOpen Access
    Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
    (PLoS ONE, 2023-02) Wannisinghe, P; Jayakody, S; Rathnayake, S; Wijayasinghe, D; Jayathilaka, R; Madhavika, N
    Competitiveness Index (GCI) and Interest Rates (IR) on Foreign Direct Investment (FDI) for the Asia & Pacific region. The study is original as extensive evidence on the impact of LPI, GCI and IR on FDI in the Asia & Pacific region are examined initially. For the years 2007, 2010, 2012, 2014, 2016 and 2018, data was gathered for 33 nations in the Asia and Pacific area. Data analysis was performed using a panel regression model and multiple linear regression. The findings of the study reveal that LPI, GCI and IR are the three major factors influencing FDI inflows into the economies. However, the impact of these factors varies from country to country. The results concluded that LPI positively impacts FDI in India, Korea, Lebanon, and Oman. In contrast, a negative influence was observed for China, Kuwait and the Philippines. GCI positively impacts FDI in China, Korea, Kuwait, Pakistan and the Philippines, while a negative impact was observed in Armenia, India, Lebanon. Furthermore, IR has a positive impact on FDI flows in China and Egypt while in Korea and Lebanon, a negative impact was observed. Therefore, policymakers should focus more on improving the infrastructural requirements and macroeconomic factors while considering the other country-level variables that influence the FDI in flow
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    PublicationOpen Access
    The Impact of Service Quality and Weather Condition on Tourists’ Guest Night Stays in Coastal Area of Sri Lanka: Perspective of Tourists
    (SLIIT Business School, 2023-12-14) Koralage, B; Fernando, T; Nilakshika, T; Madhavika, N; Jayasinghe, P; Ehalapitiya, S
    This study aims to explore tourists' perceptions of service quality and weather condition of guest night stays in Sri Lanka and how they influence tourists’ decisions regarding the duration of their guest night stays. This study employed qualitative approach, having the data collected using purposive sampling. Researchers conducted in depth interviews with 18 foreign tourists in Colombo and Galle coastal area of Sri Lanka. The study revealed that both service quality and weather condition are significantly impacting tourists' decision of duration of guest night stays. Longer stays were associated with higher levels of service quality, emphasizing the pivotal role of service delivery in attracting and retaining tourists. In addition, weather condition was identified to be a major factor in determining guest night stays in the coastal area of Sri Lanka. This research offers valuable insights into Sri Lanka's coastal tourism, emphasizing the significance of excellent customer service and environmental responsibility in attracting and retaining tourists. The study's practical implications enable industry experts and policymakers to formulate strategies for promoting eco-friendly practices, ultimately enhancing the overall traveller experience in the coastal regions of Sri Lanka. By examining tourists' perceptions of service quality and weather condition's impact on guest night stays in Colombo and Galle coastal areas, this study contributes to existing literature on tourism in Sri Lanka. The results underscore the significance of sustainable practices and exceptional service in attracting visitors and fostering longer stays. Ultimately, these insights can aid in the formulation of effective plans to strengthen eco-friendly tourism and enhance Sri Lanka's appeal as a preferred destination for international travellers.
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    PublicationOpen Access
    Influencing Factors of Resilience of Construction Supply Chains: A Case of SMEs in Sri Lanka
    (SLIIT Business School, 2023-12-14) Manchanayake, M; Bandara, M; Sandhakirani, C; Bandara, W; Madhavika, N; Jayasinghe, M; Ehalapitiya, S
    This research paper aims to explore the factors influencing supply chain resilience in Small and Medium-sized Enterprises (SMEs) operating within Sri Lanka's construction industry during economic crises. The study employed a qualitative approach. Data were collected using purposive sampling with a sample size of eight SMEs in the construction sector registered under the National Enterprise Development Authority of Sri Lanka. Using structured interviews, data were collected, and the responses were analysed using the Manual Thematic analysis procedure. The study findings states that collaboration, entrepreneurial orientation, internal integration, and outsourcing have been the main factors that have contributed to making the Sri Lankan construction supply chains resilient during Economic crisis. Therefore, it is recommended for the construction firms to focus and improve the presence of these factors in their respective supply chains, to make the supply chains more resilient. This study's significance lies in its focus on construction SMEs in Sri Lanka, offering insights from the perspective of manufacturers, which has been relatively unexplored in existing resilience related research. Although some research articles do touch upon this area, mostly these studies have been conducted in developed nations. Thus, this study contributes to the scant Sri Lankan supply chain resilience literature. Sri Lanka is making strong efforts to support its economy to combat the economic downturn and stabilize. Therefore, the findings of this paper will undoubtedly be useful for the Sri Lankan construction sector while aiding the country to flourish again.
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    PublicationOpen Access
    Macroeconomic factors affecting FDI in the African region
    (PLOS ONE, 2023-01-23) Rathnayake, S; Jayakody, S; Wannisinghe, p; Wijayasinghe, D; Jayathilaka, R; Madhavika, N
    Foreign Direct Investment (FDI) occurs when one country invests in another. Multiple factors have contributed to fluctuations in FDI flows globally. This study investigates the impact of the Logistics Performance Index (LPI), Global Competitiveness Index (GCI) and Interest Rates (IR) on FDI in the African region. The study is significant because the African region is underdeveloped and with an unstable macroeconomic environment. Data were collected for 26 countries in the African region for the years 2007, 2010, 2012, 2014, 2016 and 2018 and analysed using Panel Regression and Multiple Linear Regression models. The study’s findings concluded that LPI, GCI, and IR are three major macroeconomic factors impacting FDI inflows. The results indicated that LPI positively impacts FDI in Gambia, Lesotho and Rwanda, while in contrast, LPI impacts FDI negatively in Mauritius. GCI has a positive impact on FDI in Algeria and Lesotho with a negative impact in Rwanda, Mauritius and Namibia. Moreover, IR has a negative impact on FDI in Algeria, Rwanda and Mauritius with a positive impact in Lesotho. Policymakers should pay more attention to the infrastructure development and management of macroeconomic and other factors affecting FDI.
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    PublicationEmbargo
    Navigating economic crisis: Factors shaping resilience in Sri Lankan constructionSME supply chains
    (Taylor and Francis, 2024-10-05) Madhavika, N; Bandara, M; Manchanayake, M; Perera, C; Bandara, W; Jayasinghe, P; Ehalapitiya, S
    In today’s construction industry, supply chains are subject to much greater disruption than they were inthe past, resulting in a greater need for resilience. However, there is a gap in the literature that examinesthe resilience of construction small and medium scale Enterprises (SMEs) specifically focusing on develop-ing countries. This article is a step towards identifying the factors influencing the resilience of construc-tion SME supply chains taking the case of Sri Lanka: a developing country which is currently amidst amajor economic crisis. This research study adopted a mixed-method approach, employing 08 structuredinterviews with employees ranging from executive level to top level management of 08 constructionSMEs followed by a questionnaire survey considering a sample of 195 construction SMEs also with execu-tive level to top level management of each construction SME. The findings indicated that Collaboration,Entrepreneurial Orientation (EO), Internal Integration, and Outsourcing have a positive significant impacton the resilience of Sri Lankan construction SMEs’ supply chains during an economic crisis, while‘collaboration’ and ‘EO’ are the most influential factors respectively. Therefore, construction SMEs mustprioritize and enhance collaboration and EO when devising supply chain strategies to strengthen resili-ence during economic crises. This paper contributes to filling the research gap by investigating factorsinfluencing construction SME supply chains in a developing country during an economic crisis. Moreover,it contributes to the knowledge by being one of the latest empirical studies focusing on the constructionSME supply chains in Sri Lanka. The findings provide a valuable reference for both policymakers and prac-titioners seeking to improve the resilience of construction SME supply chains