Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri Lanka
This study aims at identifying factors affecting to failure of rural entrepreneurs and to examine moderate impact of financial literacy over the failure of rural entrepreneurs. This quantitative study investigates rural entrepreneurial failure in Sri Lanka's Teldeniya Divisional Secretarial Are...
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| Format: | Article |
| Language: | English |
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Faculty of Commerce & Manangement Studies, University of Kelaniya
2024-08-01
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| Series: | Kelaniya Journal of Management |
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| Online Access: | https://kjm.sljol.info/articles/7790/files/6704d2d2763e0.pdf |
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| author | G. A. T. R. Perera Somasiri, J.K.S.P S. M. C. Madhuwanthi |
| author_facet | G. A. T. R. Perera Somasiri, J.K.S.P S. M. C. Madhuwanthi |
| author_sort | G. A. T. R. Perera |
| collection | DOAJ |
| description | This study aims at identifying factors affecting to failure of rural entrepreneurs and to examine moderate impact of financial literacy over the failure of rural entrepreneurs. This quantitative study investigates rural entrepreneurial failure in Sri Lanka's Teldeniya Divisional Secretarial Area. A sample of 187 entrepreneurs, who experienced failure, was surveyed, focusing on factors like risk aversion, perseverance, and financial literacy as a moderating influence. Objectives included identifying failure contributors and examining financial literacy's moderating impact on rural entrepreneurship. The study highlights key competencies and their relationship with failure, emphasizing financial literacy's role. It contributes valuable insights for governments, development organizations, and rural entrepreneurs to address failure causes and leverage financial literacy for improved outcomes. The findings hold practical applications for enhancing rural entrepreneurship in Teldeniya and similar areas. |
| format | Article |
| id | doaj-art-de88adf856d64bf796e67280dd314cf4 |
| institution | DOAJ |
| issn | 2279-1469 2448-9298 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | Faculty of Commerce & Manangement Studies, University of Kelaniya |
| record_format | Article |
| series | Kelaniya Journal of Management |
| spelling | doaj-art-de88adf856d64bf796e67280dd314cf42025-08-20T02:57:59ZengFaculty of Commerce & Manangement Studies, University of KelaniyaKelaniya Journal of Management2279-14692448-92982024-08-011302214310.4038/kjm.v13i2.7790Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri LankaG. A. T. R. Perera0https://orcid.org/0000-0003-2788-4099Somasiri, J.K.S.P1https://orcid.org/0000-0003-0687-8693S. M. C. Madhuwanthi2https://orcid.org/0009-0001-6600-2071Department of Management and Organization Studies, Faculty of Management and Finance, University of Colombo, Sri Lanka.Faculty of Management, Saegis Campus, Nugegoda, Sri Lanka.Department of Management and Organization Studies, Faculty of Management and Finance, University of Colombo, Sri Lanka. This study aims at identifying factors affecting to failure of rural entrepreneurs and to examine moderate impact of financial literacy over the failure of rural entrepreneurs. This quantitative study investigates rural entrepreneurial failure in Sri Lanka's Teldeniya Divisional Secretarial Area. A sample of 187 entrepreneurs, who experienced failure, was surveyed, focusing on factors like risk aversion, perseverance, and financial literacy as a moderating influence. Objectives included identifying failure contributors and examining financial literacy's moderating impact on rural entrepreneurship. The study highlights key competencies and their relationship with failure, emphasizing financial literacy's role. It contributes valuable insights for governments, development organizations, and rural entrepreneurs to address failure causes and leverage financial literacy for improved outcomes. The findings hold practical applications for enhancing rural entrepreneurship in Teldeniya and similar areas.https://kjm.sljol.info/articles/7790/files/6704d2d2763e0.pdfbusiness failureentrepreneurial competenciesfinancial literacyrural entrepreneurs |
| spellingShingle | G. A. T. R. Perera Somasiri, J.K.S.P S. M. C. Madhuwanthi Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri Lanka Kelaniya Journal of Management business failure entrepreneurial competencies financial literacy rural entrepreneurs |
| title | Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri Lanka |
| title_full | Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri Lanka |
| title_fullStr | Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri Lanka |
| title_full_unstemmed | Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri Lanka |
| title_short | Factors Affecting Failure of Rural Entrepreneurs: Special Reference to Teldeniya Divisional Secretariat Area in Kandy District, Sri Lanka |
| title_sort | factors affecting failure of rural entrepreneurs special reference to teldeniya divisional secretariat area in kandy district sri lanka |
| topic | business failure entrepreneurial competencies financial literacy rural entrepreneurs |
| url | https://kjm.sljol.info/articles/7790/files/6704d2d2763e0.pdf |
| work_keys_str_mv | AT gatrperera factorsaffectingfailureofruralentrepreneursspecialreferencetoteldeniyadivisionalsecretariatareainkandydistrictsrilanka AT somasirijksp factorsaffectingfailureofruralentrepreneursspecialreferencetoteldeniyadivisionalsecretariatareainkandydistrictsrilanka AT smcmadhuwanthi factorsaffectingfailureofruralentrepreneursspecialreferencetoteldeniyadivisionalsecretariatareainkandydistrictsrilanka |