27Feb 2017

FACTORS AFFECTING GROWTH OF SMALL AND MEDIUM ENTERPRISES IN SRI LANKA.

  • Department of Economics, University of Kelaniya, Sri Lanka.
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Small and Medium scale Enterprises (SMEs) play an important role in promoting inclusive growth in the contemporary economy of Sri Lanka. However, the growth and expansion of SMEs are controlled by some unknown factors and those are yet to be revealed. Hence, the main objective of this study was to recognize the factors that influence the growth of SMEs in Sri Lanka. The present study was based on a sample of fifteen SMEs which may have positive or negative growth in sales. The study revealed that the growth of SMEs is constrained by financial inadequacy, the lack of access to new technology, and regulations imposed by the government. Moreover, it was revealed that the level of education of the owner of the enterprise has a direct impact on the growth of SMEs.

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[A. U. Amaradiwakara and M. M. Gunatilake. (2017); FACTORS AFFECTING GROWTH OF SMALL AND MEDIUM ENTERPRISES IN SRI LANKA. Int. J. of Adv. Res. 5 (Feb). 1805-1814] (ISSN 2320-5407). www.journalijar.com

M.M.Gunatilake
Department of Economics, University of Kelaniya, Sri Lanka.

DOI:

Article DOI: 10.21474/IJAR01/3345      
DOI URL: http://dx.doi.org/10.21474/IJAR01/3345

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