SLIIT Journal Publications
Permanent URI for this communityhttps://rda.sliit.lk/handle/123456789/294
All SLIIT indexed journals are included in this collection, with access to full texts subject to restrictions based on the access and licensing terms.
Browse
6 results
Search Results
Publication Open Access Emerging Challenges in Regulation of E-Commerce: An Insight of Laws in Sri Lanka(Faculty of Humanities and Sciences, SLIIT, 2020) Balendra, S.The growth of e-commerce in Sri Lanka is posing significant legal and regulatory challenges. The paper attempts to study and highlight deficiencies in the present legal framework regulating e-commerce in Sri Lanka. Content analysis of Electronic Transactions Act No.19 of 2006 (as amended) and other relevant legislations revealed, the existing framework recognises e-contract, e-signature, and e-documents. Still, certain drawbacks are unsettled in practice. In addition, areas like privacy and data protection, intermediary liability, security, and consumer protection are left unaddressed in the current regulatory framework. The study further identifies that the traditional dispute resolution mechanisms are no more effective in e-commerce disputes. Finally, adhering to the international standards, the paper makes key suggestions for policy and decision-makers to overcome these challenges.Publication Open Access Whole Life Costing Awareness and Implementation Challenges in the Sri Lankan Construction Industry(SLIIT, Faculty of Engineering, 2024-03) Jayasinghe, D.I.C; Abeynayake, D.NConstruction industry is highly demanding, especially with regard to the project cost as a significant aspect. However, more informed cost advice can be produced considering the project’s life cycle that begins with the conception and ends with its disposal instead of using a conventional initial capital cost basis. Thus, Whole Life Costing (WLC) and Life Cycle Costing (LCC) concepts are essential. Though many LCC research studies exist, WLC studies are minimal in the Sri Lankan construction industry context. Therefore, this study aims to explore WLC awareness and implementation challenges in the Sri Lankan construction industry. A literature review was conducted to search for the concepts. Empirical data were gathered using questionnaires by implementing a quantitative survey strategy. Findings depict that the awareness of WLC in the Sri Lankan construction industry is poor, preventing its benefits. Moreover, this research identified difficulty in identifying includes and excludes for calculating WLC, lack of details at early stages, lack of awareness of WLC benefits, lack of understanding of WLC tools, lack of reliable data and lack of expertise/knowledge on WLC as the primary challenges in implementing WLC in the Sri Lankan construction industry. Therefore, these challenges must be mitigated for the beneficial WLC implementation in the Sri Lankan construction industry while enhancing awareness and knowledge of the WLC concept among professionals, especially quantity surveyors, to facilitate responsible initiation of WLC practices in the Sri Lankan construction industry.Publication Open Access Off-Grid Wind-Solar Hybrid Energy System for Analaitivu Island in Sri Lanka(SLIIT, Faculty of Engineering, 2023-10) Liyanagama, N; Ravindra, D; Bopitiya, P; Guruvita, KThe objective of this project is to implement an off-grid wind-solar hybrid energy system with a battery bank system for Analaitivu island in Sri Lanka, which has no connection to the main grid. The hybrid model is developed by analyzing the wind-solar weather pattern of the island to fulfill the energy demand by choosing the ideal combination of solar cells and wind generatorsPublication Open Access Strategies Used by the Sri Lankan Construction Industry to Overcome the Challenges Posed by the Covid-19(SLIIT, Faculty of Engineering, 2023-03-02) Fernando, P; Gunarathna, NThe global outbreak of the COVID-19 pandemic has thrown the world's political, social, economic, religious, and financial structures into disarray. COVID-19 has a broad range of effects on numerous industries, including construction. Sri Lanka as a developing country is also affected by the pandemic and many sectors of the Sri Lankan economy such as construction, education, tourism, imports and exports, agriculture, and health etc are experiencing negative consequences of the pandemic, Construction industry as one of the key sectors of the economy was also severely affected by the COVID-19 global pandemic in various ways. Construction companies and government institutes are taking action to face these challenges. This study describes how COVID-19 impacts the local construction industry throughout the construction process. Furthermore, the impact was evaluated with regard to several aspects namely, financial, human resources, supply chain and logistics, legal, and completion and handover of the project. The strategies which are used by the construction industry participants to face the challenges of the pandemic are also discussed. A mixed research approach was used in the study and questionnaires which comprised of both qualitative and quantitative questions were used as a data collection tool. This research revealed new knowledge about the construction industry in relation to the COVID-19 pandemic. The study's most important finding was that the spread of the virus influenced the entire construction process. The pandemic had a major impact on the construction stage as well as the human resources aspect of the industry.Publication Open Access The Impact of Electronic Word of Mouth on Brand Image and Purchase Intention – A Study on Hospitality Industry in Sri Lanka(SLIIT Business School, 2021-06) Rathnaya, Y.; Jayasuriya, N.A.Interpersonal influences and word of mouth are considered as the most influencial factors in customer purchase decision making. With the development of technology, the electronic word of mouth has become a very popular and trusted communication mode among consumers. Due to the intangible nature of hospitality services and high risk involved with the purchase, most consumers in the hospitality industry look for other customers’ recommendations prior to making their purchase decision. Hence this study focuses on evaluating the value of electronic word of mouth in generating a purchase intention in customers’ mind in the hospitality sector in Sri Lanka. Data was collected using the survey method from 100 tourists who were visiting Sri Lanka based on the convenient sampling method. Data analysis was done using correlation and regression analysis. The results indicate a strong positive impact of electronic word of mouth and brand image on their purchase intention. However, the results also indicate that electronic word of mouth does not have an impact on building a brand image. This study fills a void in Sri Lankan research in the field of tourism.Publication Open Access Financial Statements Effects of Adopting IFRS: Evidence from Listed Manufacturing Firms in Sri Lanka(SLIIT Business School, 2021-06) Muthunayake, H.; Kawshalya, P.Accounting Information would be beneficial only if it is relevant to the decisions being made. According to International Accounting Standards Board (IASB), the usefulness of accounting information depends on the fundamental qualitative characteristics of relevance and faithful representation. As a result of harmonization and standardization, International Financial Reporting Standards (IFRS) were adopted in Sri Lanka as a developing country from 1st January 2012. Given the differences that exist between developed and developing countries in the context of the accounting profession and other contextual differences, the impact of IFRS adoption in developing countries remains as an empirical gap in the accounting literature. Therefore, the main purpose of the current study is to examine the impact of IFRS adoption on the accounting information quality, in terms of value relevance and the effect on key financial measures of financial statements in Sri Lanka. Data for the current study are collected from audited annual financial statements and Colombo Stock Exchange (CSE) reports for all the listed manufacturing companies in Sri Lanka, for the period of 10 years from 2008/2009 to 2017/2018. Based on the regression estimates obtained, the study concludes that the value relevance of book values of equity is increased upon IFRS adoption. Further the findings reveal that there are favourable impacts of financial statement measures upon IFRS adoption in listed manufacturing firms in Sri Lanka. These results would be pertinent and significant to both Sri Lankan investors and to accounting standard setting bodies such as the IASB and CA Sri Lanka. Further, the study might also be of value to emerging nations with an investment environment similar to that of Sri Lanka and where IFRS reporting have recently been or will be adopted.