SLIIT Business School Students Research Conference [SBSSRC]

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The Conference is open for all the business research students in Sri Lanka. The goal of the conference is to promote student research, while gaining and increasing the enthusiasm among students for academic research. This conference gives the opportunity to showcase their scholarly work and to discuss the research interest with students with other Higher education institutions in Sri Lanka.

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    Exploring the Impact of Sustainable Financial Practices on Perceived Business Development and the Challenges Faced by Small Entrepreneurs in Implementing those Practices
    (ICSDB 2024 and SLIIT Business School, 2024-12-10) Kumari, T. S.; Abeysekara, R.
    This qualitative study explores the impact of sustainable financial practices on perceived business development and identifies the challenges faced by small entrepreneurs in implementing these practices within the Colombo District, Sri Lanka. An inductive approach and interpretivist paradigm were employed, utilizing in-depth interviews with 20 small-scale entrepreneurs across 10 industries selected through purposive judgmental sampling. Thematic analysis of the data revealed that sustainable financial practices significantly contribute to market expansion, revenue growth, improved resource management, and brand recognition while aiding in overcoming challenges. However, small entrepreneurs face obstacles such as balancing shortterm financial needs with long-term sustainability, external environmental factors, and managing stakeholder expectations. The findings provide valuable insights into the benefits and barriers of sustainable financial practices, highlighting the need for strategic planning, stakeholder communication, and innovative funding solutions to foster business development.
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    COVID-19 MODIFYING THE DYNAMICS OF FINANCIAL REPORTING: AN EXPLORATORY STUDY
    (SLIIT Business School, 2019-12-10) Nagendrakumar, N.; Lokeshwara, A.A.; Naresh, R.; Abeywickrama, D.P.; Hewaarachchi, S.H.; Edirisinghe, A.M.I.E.
    The COVID-19 pandemic has influenced many business sectors worldwide, including the Accounting and Finance reporting perspectives. This motivated the researchers to investigate how the pandemic has affected the financial reporting of listed companies in the Sri Lankan context. It was evidenced that the empirical studies on the influence of COVID-19 on corporate financial reports based on accounting standards and techniques are still in the beginning stages; therefore, this paper sets the foundation in bridging the existing knowledge gap by examining how Covid-19 has modified the dynamics of financial reporting. This study is exploratory in nature, and the researchers adopted interpretivism philosophy and have used an inductive approach in conducting the research. The case study method was adapted, where in-depth and semi-structured interviews were applied to collect data. The study population is one hundred and fifty-eight (158) companies consisting of six (6) sectors: Banking, Materials, Consumer services, Diversified financials, Capital goods, and Telecommunication in Colombo Stock Exchange, out of which seven (7) sub-cases were chosen under the purposive sampling technique and the collected data were analyzed on thematic procedures using the Wordcloud analysis tool. Based on the findings, it was revealed that reporting aspects of different sectors were influenced differently by COVID- 19. LKAS 1(Going concern), LKAS 2 (Inventory), LKAS 16 (Cost of depreciation), SLFRS 13 (Fair value measurement) are a few of the standards generally mentioned by the respondents. The result of this study contributes to filling the existing knowledge gap and will be a value addition to contemporary academia.