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Title: | How has COVID-19 impacted the business performance of Sri Lankan firms : a qualitative inquiry |
Other Titles: | Digital transformation, strategic resilience, cyber security and risk management |
Authors: | Dewasiri, Narayanage Jayantha Perera, Nawalage Shashini Piyumika Wijerathna, W. A. I. D. Jayarathne, P. G. S. Amila Muthusamy, Vithiyalani Grima, Simon |
Keywords: | COVID-19 (Disease) -- Economic aspects -- Sri Lanka Financial institutions -- Sri Lanka Financial risk management -- Sri Lanka COVID-19 Pandemic, 2020- -- Influence Stock exchanges -- Sri Lanka |
Issue Date: | 2023 |
Publisher: | Emerald Publishing Limited |
Citation: | Dewasiri, N. J., Perera, N. S. P., Wijerathna, W. A. I. D., Jayarathne, P. G. S. A., Muthusamy, V., & Grima, S. (2023). How has COVID-19 impacted the business performance of Sri Lankan firms : a qualitative inquiry. In S. Grima, E. Thalassinos, G. G. Noja, T. V. Stamataopoulos, T. Vasiljeva & T. Volkova (Eds.), Digital transformation, strategic resilience, cyber security and risk management (pp. 201-216). United Kingdom: Emerald Publishing Limited. |
Abstract: | This study aims to investigate the impact of the COVID-19 pandemic on businesses, their operations, and the financial conditions in Sri Lanka. A sample of 19 executive-level employees from 19 companies registered at the Colombo Stock Exchange in Sri Lanka was interviewed. The thematic analysis method was used to analyse the data. It demonstrates the insecurity of the current business situation, as with the pandemic, most large-scale operating companies have been permanently or temporarily closed. The financial condition was categorised into main sub-themes such as business profitability, liquidity problems, the balance of payments, working capital, and cash flows and was highly impacted during the COVID-19 outbreak. The findings of the study help to improve the favourable image of Sri Lankan companies by facilitating solutions to overcome the challenges and difficulties and are beneficial for the relevant government parties to amend policies and for investors to make prudent investment decisions. As a maiden study, this one focused on investigating the pandemic’s impact on business operations and developed a nine-step plan for organisations, employees, and the government to minimise the impact of COVID-19 on their businesses. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/120903 |
Appears in Collections: | Scholarly Works - FacEMAIns |
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How_Has_COVID_19_Impacted_the_business_Performance_of_Sri_Lankan_Firms_A_Qualitative_Inquiry_2023.pdf Restricted Access | 1.67 MB | Adobe PDF | View/Open Request a copy |
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