IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/105052.html
   My bibliography  Save this paper

Investigation of Institutional and Legislative Barriers and Drivers for Sustainable Transition Development of SMEs in Sri Lanka: A Literature Review

Author

Listed:
  • Rajapakshe, PSK
  • Jayasundara, JMSB
  • Prasanna, RPIR
  • Ekanayake, EMS
  • Naradda Gamage, Sisira Kumara
  • Abeyrathne, GAKNJ
  • Aravinda, MAKN
  • Bandara, KBTUK
  • Senarath, BTDN

Abstract

It is well documented that Small and Medium Enterprises (SMEs) are recognized as the key to economic growth, innovations and market competition in both developed and developing countries. In Sri Lankan context SMEs play a noteworthy role in environmental, social and economic sustainability. This paper attempted to investigate institutional and legislative barriers and to explore the drivers affecting towards the sustainable transition development of Sri Lankan SMEs, through a systemic literature review. In this study researchers developed model framework for sustainable transition development of SMEs and filled the gap of literature interms of institutional and legislative barriers and drivers on SMEs sustainability. Findings of this study will provide directions for further invetigations on barriers and drivers for sustainable transition development of SMEs in an empirical context which certainly helpful to find out the case specific and unique divers and barriers for sustainability of SMEs.

Suggested Citation

  • Rajapakshe, PSK & Jayasundara, JMSB & Prasanna, RPIR & Ekanayake, EMS & Naradda Gamage, Sisira Kumara & Abeyrathne, GAKNJ & Aravinda, MAKN & Bandara, KBTUK & Senarath, BTDN, 2020. "Investigation of Institutional and Legislative Barriers and Drivers for Sustainable Transition Development of SMEs in Sri Lanka: A Literature Review," MPRA Paper 105052, University Library of Munich, Germany, revised 30 Dec 2020.
    • Handle: RePEc:pra:mprapa:105052
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/105052/1/MPRA_paper_105052.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pissarides, Francesca, 1999. "Is lack of funds the main obstacle to growth? ebrd's experience with small- and medium-sized businesses in central and eastern europe," Journal of Business Venturing, Elsevier, vol. 14(5-6), pages 519-539.
    2. Bandara, KBTUK & Jayasundara, JMSB & Naradda Gamage, Sisira Kumara & Ekanayake, EMS & Rajapackshe, PSK & Abeyrathne, GAKNJ & Prasanna, RPIR, 2020. "Entrepreneurial Marketing & Performance of Small & Medium Enterprises in Developed and Developing Economies: A Conceptual Exploration," MPRA Paper 104341, University Library of Munich, Germany.
    3. Shinozaki, Shigehiro, 2012. "A New Regime of SME Finance in Emerging Asia: Empowering Growth-Oriented SMEs to Build Resilient National Economies," Working Papers on Regional Economic Integration 104, Asian Development Bank.
    4. Sisira Kumara Naradda Gamage & EMS Ekanayake & GAKNJ Abeyrathne & RPIR Prasanna & JMSB Jayasundara & PSK Rajapakshe, 2020. "A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs)," Economies, MDPI, vol. 8(4), pages 1-24, October.
    5. Jayasundara, JMSB & Rajapakshe, PSK & Prasanna, RPIR & Naradda Gamage, Sisira Kumara & Ekanayake, EMS & Abeyrathne, GAKNJ, 2019. "The Nature of Sustainability Challenge in Small and Medium Enterprises and its Management," MPRA Paper 98418, University Library of Munich, Germany.
    6. Naradda Gamage, Sisira Kumara & Ekanayake, EMS & Abeyrathne, GAKNJ & Prasanna, RPIR & Jayasundara, JMSB & Rajapakshe, PSK, 2019. "Global Challenges and Survival Strategies of the SMEs in the Era of Economic Globalization: A Systematic Review," MPRA Paper 98419, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rajapakshe, PSK & Gamage, SKN & Prasanna, RPIR & Jayasundara, JMSB & Ekanayake, EMS & Upulwehera, JMHM & Wijerathna, WAID & Abeyrathne, GAKNJ, 2020. "Social Capital, Performance of SMEs, and COVID-19 Pandemic," MPRA Paper 109530, University Library of Munich, Germany, revised 30 Aug 2020.
    2. Amin, Hindu Jibril, 2021. "Effect of Entrepreneurial Marketing Dimensions on Small and Medium Enterprises Performance in Nasarawa State," OSF Preprints n483y, Center for Open Science.
    3. Bandara, KBTUK & Jayasundara, JMSB & Naradda Gamage, Sisira Kumara & Ekanayake, EMS & Rajapackshe, PSK & Abeyrathne, GAKNJ & Prasanna, RPIR, 2020. "Entrepreneurial Marketing & Performance of Small & Medium Enterprises in Developed and Developing Economies: A Conceptual Exploration," MPRA Paper 104341, University Library of Munich, Germany.
    4. RPIR Prasanna & JMHM Upulwehera & BDTN Senarath & GAKNJ Abeyrathne & PSK Rajapakshe & JMSB Jayasundara & EMS Ekanayake & Sisira Kumara Naradda Gamage, 2021. "Factors Determining the Competitive Strategic Positions of the SMEs in Asian Developing Nations: Case Study of SMEs in the Agricultural Sector in Sri Lanka," Economies, MDPI, vol. 9(4), pages 1-24, December.
    5. Hernita Hernita & Batara Surya & Iwan Perwira & Herminawaty Abubakar & Muhammad Idris, 2021. "Economic Business Sustainability and Strengthening Human Resource Capacity Based on Increasing the Productivity of Small and Medium Enterprises (SMEs) in Makassar City, Indonesia," Sustainability, MDPI, vol. 13(6), pages 1-36, March.
    6. Jarunee Wonglimpiyarat, 2010. "Commercialization strategies of technology: lessons from Silicon Valley," The Journal of Technology Transfer, Springer, vol. 35(2), pages 225-236, April.
    7. Meena Madhavan & Mohammed Ali Sharafuddin & Thanapong Chaichana, 2022. "Impact of Business Model Innovation on Sustainable Performance of Processed Marine Food Product SMEs in Thailand—A PLS-SEM Approach," Sustainability, MDPI, vol. 14(15), pages 1-33, August.
    8. Phan Van Thanh & Szilárd Podruzsik, 2018. "CSR in Developing Countries: Case Study in Vietnam," Management, University of Primorska, Faculty of Management Koper, vol. 13(4), pages 287-300.
    9. Asdrubali, Pierfederico & Signore, Simone, 2015. "The Economic Impact of EU Guarantees on Credit to SMEs – Evidence from CESEE Countries," EIF Working Paper Series 2015/29, European Investment Fund (EIF).
    10. Fadil Sahiti & Helen Lawton Smith, 2017. "An application of growth diagnostics on the growth of firms: with evidence from Kosovo firms," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-24, December.
    11. HMJCB Heenkenda & Fengju Xu & KMMCB Kulathunga & WAR Senevirathne, 2022. "The Role of Innovation Capability in Enhancing Sustainability in SMEs: An Emerging Economy Perspective," Sustainability, MDPI, vol. 14(17), pages 1-22, August.
    12. Wyrwich, Michael, 2013. "Can socioeconomic heritage produce a lost generation with regard to entrepreneurship?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 667-682.
    13. Henry Mugisha & Job Omagwa & James Kilika, 2021. "Capital structure, market conditions and financial performance of small and medium enterprises in Buganda Region, Uganda," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 276-288, April.
    14. Ruta Aidis, 2002. "Why don't we see more Small- and Medium-sized Enterprises (SMEs) in Lithuania?," Tinbergen Institute Discussion Papers 02-038/2, Tinbergen Institute.
    15. van der Zwan Peter & Verheul Ingrid & Thurik Roy, 2011. "The Entrepreneurial Ladder in Transition and Non-Transition Economies," Entrepreneurship Research Journal, De Gruyter, vol. 1(2), pages 1-20, March.
    16. Sasan Bakhtiari & Robert Breunig & Lisa Magnani & Jacquelyn Zhang, 2020. "Financial Constraints and Small and Medium Enterprises: A Review," The Economic Record, The Economic Society of Australia, vol. 96(315), pages 506-523, December.
    17. Rant Melita Balas & Černe Simone Korenjak, 2017. "How to Successfully Internationalize SMEs from the CEE Region: The Role of Strategies of Differentiation and Education," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 25(4), pages 2-27, December.
    18. Mateev, Miroslav & Poutziouris, Panikkos & Ivanov, Konstantin, 2013. "On the determinants of SME capital structure in Central and Eastern Europe: A dynamic panel analysis," Research in International Business and Finance, Elsevier, vol. 27(1), pages 28-51.
    19. Maksim Belitski & Julia Korosteleva & Julia Korosteleva, 2012. "Entrepreneurial Dynamics and Higher Education Institutions: Evidence from the Post-Communist World," UCL SSEES Economics and Business working paper series 120, UCL School of Slavonic and East European Studies (SSEES).
    20. Caliendo, Marco & Künn, Steffen & Weissenberger, Martin, 2020. "Catching up or lagging behind? The long-term business and innovation potential of subsidized start-ups out of unemployment," Research Policy, Elsevier, vol. 49(10).

    More about this item

    Keywords

    Institutonal Barriers; Economic Growth; Sustainable Transition Development; Economic Sustainability; SMEs; Sri Lanka;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:105052. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.