249 research outputs found
Ownership Structure, Firm Size and the Operational Risk Management of Domestic Commercial Banks in Sri Lanka
Purpose: The banking sector is a crucial player in any economy, often affected by economic and social crises. Thus, it is vital to identify the intrinsic weaknesses of banks to manage their operational risk. The recent COVID-19 pandemic also severely affects the global financial sector, irrespective of the development status. Accordingly, this study is an attempt to find out the evidence on operational risk management and its relationship with bank size and ownership structure of the banking sector in one of the developing countries in the world, Sri Lanka.
Design/Methodology/Approach: Financial data of eight out of thirteen commercial banks in Sri Lanka were analyzed over 13 years using panel data regression analysis. Sri Lankan banks' operational risk management practices are measured by excess capital (over the required minimum capital for operational risk). Deposits plus advances are used to calculate the size of a bank.
Findings: It is revealed a significant positive relationship between firm size and operational risk management. A significant relationship between the ownership and excess capital held by banks for managing operational risk is also identified. This result leads to the conclusion that the larger commercial banks hold higher excess capital over the required minimum as per Basel accords. Moreover, government-owned banks are recognized to have more excess capital for operational risk management.
Implications: Given the high amount of losses from bad loans and the central bank's implementation of Basel III regulations, the study has implications for Sri Lankan banks.
Originality: When considering Sri Lankan context there can be found only a little amount of evidence on operational risk management practices and its relationship with size and ownership
Spatial mapping and analysis of forest fire risk areas in Sri Lanka – Understanding environmental significance
This study presents the first attempt in Sri Lanka to generate a forest fire risk map covering the entire country using a GIS-based forest fire index (FFI) model. The model utilized seven parameters: land use, temperature, slope, proximity to roads and settlements, elevation, and aspect. All these parameters were derived using GIS techniques with ArcGIS10.4 and QGIS3.16. Data from Remote Sensing sources, particularly the MODIS hotspot real-world dataset, were employed to gather fire count information for the year 2020. Validation was conducted through the merging hotspot technique and kernel density estimation (KDE). The research findings highlight the districts in the Central and Uva provinces, such as NuwaraEliya (10.3 km2), Kandy (2.74 km2), and Badulla (10.41 km2), as having a “very low risk" of forest fire potential. Conversely, districts like Hambanthota (0.1 km2), Kaluthara (0.04 km2), and Kurunegala (0.2 km2) exhibit a “very high risk" of forest fire potential, although it is negligible compared country's total area. Overall, the study suggests that Sri Lanka is not currently facing a significant threat of forest fires and is a “medium risk" of forest fires as 49.49% of land falls under this category. These results are of immense value to relevant authorities, including the Ministry of Wildlife and Forest Resources Conservation, in formulating effective strategies to manage and mitigate forest fire risks in the country
Comparison of Calibration Approaches of the Soil and Water Assessment Tool (SWAT) Model in a Tropical Watershed
Hydrologic models are indispensable tools for water resource planning and management. Accurate model predictions are critical for better water resource development and management decisions. Single-site model calibration and calibrating a watershed model at the watershed outlet are commonly adopted strategies. In the present study, for the first time, a multi-site calibration for the Soil and Water Assessment Tool (SWAT) in the Kelani River Basin with a catchment area of about 2340 km2 was carried out. The SWAT model was calibrated at five streamflow gauging stations, Deraniyagala, Kithulgala, Holombuwa, Glencourse, and Hanwella, with drainage areas of 183, 383, 155, 1463, and 1782 km2, respectively, using three distinct calibration strategies. These strategies were, utilizing (1) data from downstream and (2) data from upstream, both categorized here as single-site calibration, and (3) data from downstream and upstream (multi-site calibration). Considering the performance of the model during the calibration period, which was examined using the statistical indices R2 and NSE, the model performance at Holombuwa was upgraded from “good” to “very good” with the multi-site calibration technique. Simultaneously, the PBIAS at Hanwella and Kithulgala improved from “unsatisfactory” to “satisfactory” and “satisfactory” to “good” model performance, while the RSR improved from “good” to “very good” model performance at Deraniyagala, indicating the innovative multi-site calibration approach demonstrated a significant improvement in the results. Hence, this study will provide valuable insights for hydrological modelers to determine the most appropriate calibration strategy for their large-scale watersheds, considering the spatial variation of the watershed characteristics, thereby reducing the uncertainty in hydrologic predictions.publishedVersio
Comparison of Two Hydrological Models, HEC-HMS and SWAT in Runoff Estimation: Application to Huai Bang Sai Tropical Watershed, Thailand
In the present study, the streamflow simulation capacities between the Soil and Water Assessment Tool (SWAT) and the Hydrologic Engineering Centre-Hydrologic Modelling System (HEC-HMS) were compared for the Huai Bang Sai (HBS) watershed in northeastern Thailand. During calibration (2007–2010) and validation (2011–2014), the SWAT model demonstrated a Coefficient of Determination (R2) and a Nash Sutcliffe Efficiency (NSE) of 0.83 and 0.82, and 0.78 and 0.77, respectively. During the same periods, the HEC-HMS model demonstrated values of 0.80 and 0.79, and 0.84 and 0.82. The exceedance probabilities at 10%, 40%, and 90% were 144.5, 14.5, and 0.9 mm in the flow duration curves (FDCs) obtained for observed flow. From the HEC-HMS and SWAT models, these indices yielded 109.0, 15.0, and 0.02 mm, and 123.5, 16.95, and 0.02 mm. These results inferred those high flows were captured well by the SWAT model, while medium flows were captured well by the HEC-HMS model. It is noteworthy that the low flows were accurately simulated by both models. Furthermore, dry and wet seasonal flows were simulated reasonably well by the SWAT model with slight under-predictions of 2.12% and 13.52% compared to the observed values. The HEC-HMS model under-predicted the dry and wet seasonal flows by 10.76% and 18.54% compared to observed flows. The results of the present study will provide valuable recommendations for the stakeholders of the HBS watershed to improve water usage policies. In addition, the present study will be helpful to select the most appropriate hydrologic model for humid tropical watersheds in Thailand and elsewhere in the world.Comparison of Two Hydrological Models, HEC-HMS and SWAT in Runoff Estimation: Application to Huai Bang Sai Tropical Watershed, ThailandpublishedVersio
Accessibility and Usage of Digital Technologies among Academics for Research: A Case of Selected Humanities and Social Sciences Faculties in Sri Lankan Universities
The Humanities and Social Sciences (HSS) involve understanding the human experience and the relationships between individuals and groups in society. The adoption of digital technologies has challenged the discipline of HSS, creating an entirely new environment for the study of human activities. This research aims to explore the employment of digital tools, resources and services in HSS research. Further, the use of digital methods (DM) throughout the research process; the impact of COVID-19 on the use of DM in research; the constraints of using DM in research were tested. Both quantitative and qualitative data were collected from Colombo, Kelaniya and Sri Jayewardenepura universities targeting academics in Economics, English, English Language Teaching, Geography, History and Archeology, Buddhist Studies, Political Science, Sinhala, and Sociology. Considering the digital infrastructure facilities, most of the academics rated email (45.6%) and LMS services (46.7%) as excellent but maintenance provided by the institute was not adequate. Most academics rated good on access to data storage (37.9%); reference management software (27.5%); plagiarism detection software (29.1%); institutional repository (35.2%); and support to online publications (39.6%) provided by their institutes. 55.7% of surveyed academics in SS often use digital data collection methods while in the Humanities it was 43.4%. Online publishing was most often used by SS (50.9%) and only 39.5% by the Humanities. 53.8% of SS academics and 43.4% of humanities academics often use cloud storage. Findings confirmed the expansion of using digital research methods during the pandemic compared to the early pandemic situation. Collaborative research works, virtual conferences, citation databases and digital indexing were identified as popular trends.
DOI: http://doi.org/10.31357/fhss/vjhss.v08i02.0
An Economic Analysis based on Equivalent Variance of the Fertilizer Subsidy: A Case of Mahaweli System H in Sri Lanka
AbstractThe theory of equivalent variance postulates that, cash transfers are preferred over material subsidies as overall production is expected to increase if the government grants a cash transfer equivalent to the value of the material subsidy. In line with this theoretical argument, the government of Sri Lanka recently undertook a major change in the agriculture subsidy policy by converting the material fertilizer subsidy in to a cash transfer. However this policy reform has received many criticisms from several parties, including the farmers and farmer representatives. The study aims at analysing the economic impact of this policy change on the paddy output by employing macro and micro perspectives. The analysis is based on time series data from 1961 to 2013 at national level and survey data on the Yala seasons of 2015 and 2016 at micro level. The survey was conducted using cluster sampling method and Meegalewa Grama Niladhari division in Mahaweli System H was selected for this purpose. The findings of this study indicate that fertilizer is a significant determinant of the paddy output in Sri Lanka. Further, it was revealed that the government has not allocated a cash transfer equivalent to the material fertilizer subsidy provided under the former subsidy scheme. Thus, a significant reduction can be expected in the paddy output in the Yala 2016. The study recommends that the government should grant equivalent cash transfer or encourage organic fertilizer usage in order to reap the benefits of this policy change.Keywords: Paddy Cultivation, Fertilizer Subsidy, Cash Transfer, Equivalent Varianc
Socioeconomic consequences of the COVID‐19 pandemic for people who use drugs
The COVID-19 pandemic triggered widespread socioeconomic hardship, disproportionately impacting disadvantaged populations. People who use illicit drugs are more likely to experience unemployment, homelessness, criminal justice involvement and poorer health outcomes than the general community, yet little is known about the socioeconomic impacts of the pandemic on their lives. To address this gap in the literature, we conducted in-depth interviews with 76 participants from two cohort studies of people who use illicit drugs (people who inject drugs and/or use methamphetamine) in Victoria, Australia. Findings support claims that pandemic-related Social Security supplementary payments and initiatives to reduce homelessness, although not systemically transforming people's lives, produced temporary relief from chronic socioeconomic hardship. Results also indicate how temporary interruptions to drug supply chains inflated illicit drug prices and produced adverse consequences such as financial and emotional stress, which was exacerbated by drug withdrawal symptoms for many participants. Furthermore, increased community demand for emergency food and housing support during the pandemic appeared to reduce participants' access to these services. Our findings about the unintended consequences of pandemic responses on the socioeconomic lives of a group of people who use illicit drugs provide insights into and opportunities for policy reform to redress their entrenched disadvantage
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