Browsing by Author "Pathirana, H.P.S.S."

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The Impact of the Determinants of Financial Soundness on Firm Performance: Evidence from Listed Finance Companies in Sri Lanka
(Department of Finance, Faculty of Commerce and Management Studies University of Kelaniya Sri Lanka, 2024) Pathirana, H.P.S.S.; Gunasekara, A.L.
Introduction: The success and sustainability of finance companies that play a crucial role in the economic development and stability of Sri Lanka rely heavily on their financial soundness, which is measured through indicators such as capital adequacy, asset quality, profitability, and liquidity. However, there is a research gap in understanding the specific impact of financial soundness on LFC’s performance within the context of Sri Lanka. Methodology: This study examines the impact of financial soundness indicators on finance company's ROE and ROA. Study adopts a quantitative research design, utilizing secondary data and panel regression methods. The sample size includes 09 finance companies over a 10-year period (2013-2022) to ensure adequate representation and diversity. Findings: Higher capital adequacy positively influences ROA but not ROE. Effective NPL management consistently boosts both ROA and ROE. Liquidity has no significant impact, while higher profitability consistently improves both ROE and ROA in listed finance companies in Sri Lanka. Conclusion: The insights contribute to understanding the crucial dynamics between financial soundness and performance in the Sri Lankan finance sector, offering valuable implications for policymakers and industry stakeholders.
Impact of Unemployment on Food Security: Evidence from Sri Lanka
(Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2022) Weerasinghe, K. G.; Pathirana, H.P.S.S.; Dissanayake, D.M.U.H.
Unemployment is becoming one of the main socio-economic problems in Sri Lanka, coupled with the economic recession. Unemployment results in an increase in the poverty rate of the country. Poverty leads to food insecurity. Food security is defined as all people having physical, social, and economic access to sufficient, safe, and nutritious food that meets their food preferences and dietary needs for an active and healthy life. Food security will ultimately achieve zero hunger, the second Sustainable Development Goal. The study investigates the impact of Unemployment and Food security in Sri Lanka. The study investigates the impact of Unemployment and Food Security in Sri Lanka using the Autoregressive Distributed Lag Model (ARDL) using Sri Lanka as the sample country for thirty years from 1991 to 2020. The data was collected on an annual frequency from CBSL. The results show a negative relationship between unemployment and food in Sri Lanka. The study concludes that when unemployment is higher, food security is lower. Level of education and macroeconomic economic factors are the mechanisms through which unemployment reduces food security. Lack of education reduces chances for employment. Further, low-quality jobs and macroeconomic conditions will reduce food security. Thus, policymakers need to increase education and job opportunities, ultimately increasing food security.