Impact of Financial Literacy on Firm Performance of SMEs in Sri Lanka: Mediating Role of Enterprise Risk Management
G.K.T.P. Premarathna,
M.W. Madurapperuma,
W.M.H.N. Wijekoon
Abstract:Small and medium enterprises (SMEs) can be recognized as a main role player in a country’s economy. This study mainly focuses on identifying a few factors that could lead to identifying a viable business strategy for SMEs in Colombo District, Sri Lanka. As a developing country, Sri Lanka needs to have lucrative business potential and sustainability of the business. It has been identified that financial literacy (FL) plays a crucial role in enhancing business performance, and enterprise risk management (ERM) is… Show more
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