Professor. P. D. Nimal

Senior Lecturer 
B.Sc. Bus. Admin. (Special) (SJP); MBA (PIM – SJP); MBA (Shiga); PhD (Shiga, Japan)

 

Qualifications

  • PhD, Shiga, Japan
  • MBA, Shiga, Japan
  • MBA, Postgraduate Institute of Management, Sri Lanka
  • B.Sc. Special (Business Administration), First Class, University of Sri Jayewardenepura

Positions Held

  • Head; Department of Finance of the Faculty of Management Studies and Commerce, University of Sri Jayewardenepura (2012 to 2015).
  • Secretary;  University Teachers Association, University of Sri Jayewardenepura, (March 2013 – March 2014)
  • Secretary;  Curriculum Development Committee, Faculty of Management Studies and Commerce, University of Sri Jayewardenepura (2013 to date)
  • Coordinator; Postgraduate Centre for Business Studies (MBA/MPM/MSc Management degree programs) conducted by the Faculty of Management Studies and Commerce,University of Sri Jayewardenepura (2006 to 2012).
  • Chairman; Organizing Committee of the 8th International Conference on Business Management, University of Sri Jayewardenepura (2008).
  • Coordinator; B.Sc. Business Administration (General) External Degree Program,University of Sri Jayewardenepura (1998 to 2000).
  • Coordinator;  specialization field of Financial Management of Business Administration (Special) Degree Program,University of Sri Jayewardenepura(1998 to 2000).
  • Subject Coordinator; FIN 2301 Financial Management (2006 to 2012).
  • Committee Member; University Teachers’ Association (2007) of the University and represented the association in the Housing Committee of the University.
  • Committee Member; Organizing Committee of the 7th International Conference on Business Management, University of Sri Jayewardenepura(2007).

Consultancies

  • A member of the Index Governance Committee of the Colombo Stock Exchange from 2017.
  • Consultant for the curriculum revision for 2020 for the Association of Accounting Techniques (AAT) of Sri Lanka
  • A member of the committee (i.e., Mr. Hilary Silva, Mr. Shyaman Udayanga, Dr. PD Nimal and Mr. Rukmal Weerasinghe) that contributed to prepare the corporate plan for Ceylon Ellectricity Board (CEB) for 2009
  • A member of the committee (i.e., Dr. PD Nimal, Mr. Shyaman Udayanga and Mr. Rukmal Weerasinghe) that contributed to prepare the corporate plan for Telecommunication Regulatory Commission of Sri Lanka (TRCSL) for 2014 
  • A member of the committee (i.e., Dr. PD Nimal, Mr. Shyaman Udayanga and Mr. Rukmal Weerasinghe) that contributed to design the corporate plan for Institute of Chemistry in Sri Lanka (TRCSL) for 2016-2021
  • A member of the committee (i.e., Dr. PD Nimal, Mr. Shyaman Udayanga) that contributed to carry out a curriculum revision in 2010 for the Association of Accounting Techniques (AAT) of Sri Lanka                                                         

Areas of Research Interest

  • Capital Asset Pricing
  • Capital Markets and Market Efficiency
  • Investor Behaviour
  • Financial Derivatives

Publications

  • Morawakage P. S. Nimal P. D. & Kuruppuarachchi D., (2018), Equity Risk Premium Puzzle: Evidences from Indonesia and Sri Lanka, Bulletin of Indonesian Economic Studies, (Accepted)
  • Anuradha P A N S, Nimal P D, (2018), Momentum in security returns and Investor behavior Evidence from Sri Lanka, Journal of Economics and Finance, Vol. 5(1).
  • Abeysekera, A. P. & Nimal, P. D., (2016), The Impact of the Financial Sector on Asset Pricing Tests: Evidence from the Colombo Stock Exchange, Asian Journal of Finance and Accounting,  Vol. 8(2), pp 113-124.
  • Perera K L U D, Nimal P D, (2015), Information Content of Insider Trading: Evidence from Colombo Stock Exchange, Asian Journal Of Management Research, Vol. 5(4), pp 570-582.
  • Edirisinghe U C, Nimal P D, (2015), Stock Price Reaction to Announcement of Right Issues and Debenture Issues: Evidence from Colombo Stock Exchange, International Journal of Business and Social Research, Vol. 5(2), pp 67-77.
  • Fernando J M R, Nimal P D, (2014), Does Risk Management Affect on Bank Efficiency? An Analysis of Sri Lankan Banking Sector, International Journal of Management and Sustainability, Vol. 3(2), pp 97-110.
  • Anuradha P A N S, Nimal P D, (2014), Revisiting the Momentum in Stock Returns: Evidence from the Colombo Stock Exchange in Sri Lanka, Colombo Journal of Multi-Disciplinary Research, Vol. 1, pp 27-45.
  • Fernando J M R, Nimal P D, (2013), Does Ownership and Size Influence Bank Efficiency? Evidence from Sri Lankan Banking Sector, Ruhuna Journal of Management and Finance, Vol. 1, pp 83-92.
  • Nimal P D, Fernando S, (2013), The Conditional Relation Between Beta and Returns; Evidence from Japan and Sri Lanka, The Hikone Ronso, No. 395, pp 94-105.
  • Fernando S, Nimal P D,  (2013), Conflicting Effects of Market Volatility on the Power of Two-Pass OLS Test of the CAPM; A Simulation Analysis, Kelaniya Journal of Management, Vol. 2, pp 18-38.
  • Nimal P D, Jinghui Dong, Minoru Yoshida, and Yoshio Iihara, 2004, An Efficient Algorithm for Binomial Option Pricing, Journal of Japan Society of Business Mathematics, Vol. 26, pp 105-116.
  • Nimal P D, 2006, “The Conditional Relation between Beta and Returns: Evidence from Japan”, The Hikone Ronso, No. 357, pp 195-214.
  • Nimal P D, “Relationship between Stock Returns and Selected Fundamental Variables: Evidence from Sri Lanka, Sri Lankan Journal of Management, July-September, 1997, pp. 268-287.

 

Presentations

  • Anuradha P. A. N. S. & Nimal P. D., (2016), Momentum in security returns and investor behavior: evidence from Sri Lanka, Proceedings of ARC 2016 8th International conference on applied research in engineering and management sciences, Malaysia.
  • Morawakage P. S. & Nimal P. D., (2016), Equity risk premium puzzle: evidence from Indonesia and Sri Lanka, Proceedings of the International conference -2016 on corporate finance, governance & sustainability, Delhi school of business, India
  • Riyath M I M & Nimal P. D., 13th ICBM (2016), Comparative study on asset pricing models in explaining cross sectional variation of stock returns in the Colombo Stock Exchange
  • Kongahawatta S. & Nimal P. D., 12th ICBM (2015), Impact of macroeconomic variables on size and book to market effects in stock returns: evidence from Sri Lanka
  •  Abeysekara A, Nimal P D,(2014), The Impact of the Financial Sector on Asset Pricing Tests: Evidence from the Colombo Stock Exchange, Published in the Proceedings of the 9th Annual International Research Conference on Management and Finance, University of Colombo.
  • Nimal P D, and Perera K L U D, (2014), Information Content of Insider Trading Volumes in Colombo Stock Exchange, published in the Proceedings of the 11th International Conference on Business Management (ICBM).
  • Perera K L U D, Nimal P D, (2014) Information Content of Insider Trading: Evidence from the Colombo Stock Exchange, Proceedings of the Peradeniya University International Research Sessions, pp 50.
  • Anuradha P A N S, Nimal P D, (2013), Momentum in Stock Returns: Evidence from Sri Lanka, Proceedings of the Annual Research Symposium, University of Colombo, pp 75.
  • Fernando S, Nimal P D, (2010), The Conditional Relation Between Beta and Return: Evidence from Japan and Sri Lanka, Proceedings of the 5th Annual International Research Conference on Management and Finance, University of Colombo.
  • Fernando S, Nimal P D,  (2009), The Power of Two-Pass OLS Test of the CAPM: Simulation Analysis of the Colombo Stock Exchange, Proceedings of the 4thAnnual International Research Conference on Management and Finance, University of Colombo.
  • Seneviratna S M C, Nimal P D, (2009), Size and Book to Market factors in Explaining Equity Returns and Earnings: Evidence from Sri Lanka, Proceedings of the 4th Annual International Research Conference on Management and Finance, University of Colombo.
  • Nimal P D, and Horimoto S, (2004), The Characteristics of Stock Returns:Evidence from TSE 1st Section, Association of Corporate Finance, Meiji University, Tokyo.
  • Nimal P D, and Horimoto S, (2005), The Conditional Relation between Beta and Returns: Evidence from Japan, Association of Corporate Finance, Kobe University.

 Awards and Honors

  • Professor Lenus Silva Gold Medal for obtaining highest aggregate marks in the B.Sc. Business Administration Degree in 1992.
  • Japanese Government “Mombukagakusho” scholarship in 2000 to do higher studies in Japan.
  • Award for the one of most outstanding three papers at the 5th Annual International Research Conference on Management and Finance, University of Colombo, Nimal P. D, and Sandun Fernando, (2010), The Conditional Relation Between Beta and Return: Evidence from Japan and Sri Lanka.

Editorial and Reviewing Experience

  • Editorial board member of Vidyodaya Journal of Management, (2015), Review panel of the international journal of multidisciplinary studies, issue No. 1- Volume 2-2015,  Faculty of Graduate studies of the University of Sri Jayewardenepura
  • Member of the review panel of the Colombo Business Journal , Faculty of Management and Finance, University of Colombo
  • Member of the review panel of the international journal of multidisciplinary studies, Faculty of Graduate studies of the University of Sri Jayewardenepura
  • Member of the review panel of the Sri Lankan Journal of Business Economics of USJP.

 

Lecturing Experience

Master Programs

  • MBA Program, University of Colombo
    • Lecturer of the Investment Management course for last six Years.
    • Lecturer of the Financial Derivatives course for last six Years.
  • MBA Program at the Department of Mathematics, University of Moratuwa
    • Lecturer of Business Statistics
  • MBA Program at the Department of Management of Technology, University of Moratuwa
    • Lecturer of Financial Management Course
  • MSc in Mechanical Engineering, Univercity of Moratuwa
    • Lecturer of the Financial Management course for last two Years.
  • MBA program at the University of Kelaniya
    • Lecturer of the Financial Derivatives section of the Financial Management course.
  • PGDM at Rajarata University
    • Lecturer of the Financial management course for last Four Years.
  • MSc in Applied finance, University of Sri Jayewardenepura
    • Lecturer of the Investment Management course for last three Years
    • Lecturer of the Financial mathematics course for last three Years
  • MBA/MPM/MSc in Management program at the University of Sri Jayewardenepura
    • Lecturer of the Financial Management course for last two Years.
    • Lecturer of the Investment management course for last Four Years.

Undergraduate Programs, University of Sri Jayewardenepura

  • FIN 2320 Financial Mathematics
  • FIN 2321 Financial Management
  • FIN 3323 Financial Modeling
  • FIN 3321 Investment and Portfolio Management I
  • FIN 3324 Investment and Portfolio Management I
  • FIN 4326 Financial Derivatives
  • FIN 4322 International Financial Management
  • FIN 4320 Research methodology
  • FIN 4629 Supervisor of Research Projects

Other Interests

  • Listening Music
  • Watching Films
  • Playing Cricket
  • Travelling

Contact Details

  • Email: pdnimal@gmail.com
  • Telephone: +94-011-2758328