Browsing by Author "Fernando, J.M.R"

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    Bank-Specific Determinants of Risk Management Efficiency: Evidence from Listed Commercial Banks in Sri Lanka
    (Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Piyananda, S.D.P.; Chandrasena, S.M.; Fernando, J.M.R
    This study aims to identify the significant bank specific determinants of risk management efficiency of the listed commercial banks in Sri Lanka, by covering the financial statements of 11 banks during the period of 2008 to 2014. Panel regression analysis employed as the data analysis tool. Capital Adequacy Ratio (CAR) has been used as the dependent variable as the proxy for risk management efficiency and credit risk, liquidity risk, market risk, return on assets (ROA), banks’ size, and operational efficiency selected as the determinants of bank efficiency. Results revealed that the credit risk, liquidity risk, ROA, operational efficiency and banks’ size are the important factors of determining the degree of CAR of commercial banks in Sri Lanka. Further as shown by the results of the study, independent variables collectively have high effect on the dependent variable since the explanatory power of the model is approximately 67%.
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    Risk Management and Firm Financial Performance: A Study on Listed Insurance Companies in Sri Lanka
    (Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Sasikumar, K.; Fernando, J.M.R
    Purpose: Risk management is a significant business function, particularly in the insurance sector. Thus, this study examines the effect of risk management on the financial performances of Sri Lankan insurance companies over the period of 2015 to 2021. Design/methodology/approach: Ten listed insurance companies were chosen as the sample of the study. Solvency risk, underwriting risk, liquidity risk and operation risk are the independent variables of the study whereas return on assets and Return on Equity used as the proxies for the dependent variable. This study also examines the moderating effect of firm age in between the risk management and firm performances proxies. Findings: Solvency risk, underwriting risk and operation risk show a significant impact on the insurance company performances. Further, firm Age shows significant moderating effects on the relationship between operational and solvency risk and of Insurance firms' financial performance. Originality: The findings imply that effective management of a firm's operations lowers operating costs, which in turn raises net premiums and improves a firm's success. As a result, this study advise managers, other stakeholders, and directors should use effective risk management strategies to improve financial performance.