Research Publications Authored by SLIIT Staff
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This collection includes all SLIIT staff publications presented at external conferences and published in external journals. The materials are organized by faculty to facilitate easy retrieval.
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Publication Embargo The Relationship Between Financial Literacy and Household Indebtedness in Sri Lanka(SLIIT Business School, 2019-12-10) Wijayathunga, W.M.T.N.B.; Hettiarachchi, R.M.; Saparamadu, P.A.D.A.K.; Somawardhana, W.P.H.; De Silva Gunawardena, M.M.D.This study focused on identifying and investigating the factors affecting household indebtedness and the relationship between financial literacy and household indebtedness in Sri Lanka. This study contributes to new knowledge through identifying the significant factors that impact the household indebtedness in Sri Lanka and identifying the impact and the relationship between financial literacy and household indebtedness in Sri Lanka. The data was collected through a questionnaire survey using the systematic probability sampling technique. The collected data was analyzed using SPSS and AMOS software. The study concludes that the most affecting factor for household indebtedness in Sri Lanka as income and the ethnicity as the least affecting factor. The regression analysis shows that there is a weak negative relationship between financial literacy and household indebtedness in Sri Lanka. The analysis also revealed that this weak negative relationship is could be attributed to the households’ weaknesses in managing their personal finances, poor financial planning behavior as well as the poor knowledge in key financial concepts. Lastly, the study concludes that there could be reasons other than the financial literacy that drive the household indebtedness in Sri Lanka to be considerably high.Publication Embargo Condominium price dynamics in Sri Lanka: correlation with inflation and periods of concern(Routledge, 2020-05-03) Gomes, P. I. A; Yathushan, VThis study conducted in Sri Lanka’s commercial capital – Colombo, investigated temporal variation of condominium prices from 1998 to 2018, to identify price – inflation relationships and periods of concern. The price increased non-linearly with time without abnormal trends. Unit root, cointegration and vector error correction method tests showed inflation can explain temporal variation of semi-luxury condominium’s price appreciation, and it showed a statistically significant (P < 0.01) positive impact in the long run. Price appreciation and inflation showed a weak negative, yet statistically significant impact for luxury condominiums. The impact of inflation on price appreciation in the short run was mostly a negative correlation and as per explanatory powers the impact was minor. It seemed that Sri Lankan condominium market would mostly be without any periods of concern considering the increasing presales and the decreasing price to rental ratios. However, there is a continuous increment of the ratio between the price and household annual income, and it was about 5.25 as at 2018 (price bubbles occurred when this ratio is over six). More studies are recommended specially on future periods of concern and studies that incorporate ultra-luxury apartments being developed by international developers.