Prof. Y. K. Weerakoon Banda – PhD

Prof. Y. K. Weerakoon Banda – PhD

Professor in Finance
B.Sc. Bus. Admin. (Special) (SJP); MBA (Colombo); PhD (AUEB) Educational and Professional Qualifications

  • PhD (Finance) 2000, Athens University of Economics and Business;
  • MBA 1992, University of Colombo;
  • B.Sc. Business Administration (Special) 1986, University of Sri Jayewardenepura;
  • National Diploma in Business Studies, 1984, Sri Lanka Polytechnical Institute
  • Economists Association of Sri Lanka
  • Associate Member – Association of Accounting Technicians of Sri Lanka

Positions Held

  • Professor in Finance, Faculty of Management Studies and Commerce
  • Director, Research Center, Faculty of Management Studies and Commerce
  • Coordinator (Research), PhD in Management Studies program, USJ
  • Coordinator-Business Valuation Theory and Applications
  • Coordinator-Financial Modelling and Forecasting
  • Dean, Faculty of Humanities Social Sciences and Management, Sir John Kotelawala Defence University, 2013-15
  • Head, Department of Management and Finance, Sir John Kotelawala Defence University, 2013
  • Direct, Advanced Technological Institute, Dehiwala, Sri Lanka, 2011-2012.
  • Coordinator, Master of Applied Finance Programme, 2002-2008
  • Head, Department of Finance, 2002-2008
  • Head, Department of Commerce, 2001-2002

Specialties

  • Designing social and industrial research work
  • Money market and Capital market research and development
  • Designing and structuring financial model building
  • Programme design and Curriculum Development
  • Project evaluations and review

Publications

Refereed Journals

  • Determinants of Dividend Policy: Evidence from an Emerging and Developing Market“, Journal of Managerial Finance, fourth coming paper
  • Mixed Methods in Finance Research: The Rationale and Research Designs” International Journal of Qualitative Methods, 4th October 2018.
  • Dividend Policy Determinants of Sri Lankan Firms: A Triangulation Approach” Managerial Finance, fourth coming paper.
  • Relationship between the intellectual capital and disclosure practices among listed companies in Sri Lanka” Joint paper with Sanjaya D. Jayasooriya, Kennedy D. Gunawardana, Accounting History Review (fourth coming)
  • Assisted Christian Schools Governance, Practices, Boards Commitments and Performance Measures in Sri Lanka”, Joint paper with SM Fernando, KD Gunawardana, International Business Research 11 (8), 97-109, 2018
  • Servitization in Manufacturing Firms and Business Performance: A Systematic Literature ReviewInternational Journal of Business and Social Science; Vol. 7 No.5, May 31, 2016, pp. 200-210 Joint paper with S.D.S.R Maheepala, B.N.F
  • Dividend Policy on Stock Price Volatility; An error corrected approach”, Asia-Pacific Journal of Management Research and Innovation, 2015, Vol.11(3), PP. 165-171 Joint paper with Jayantha Dewasiri, http://apjmri.dsagepub.com
  • Servitization and Business performance in developing countries: An evidence from Sri Lanka”, International Journal of Services Sciences (IJSSCI), pp 1-20. Joint paper with S.D.S.R Maheepala, N.F Warnakulasooriya
  • Servitisation of an Industry and National Competitive Advantage in International Business: The Case of Taiwan Textile Manufacturing and Sri Lankan Apparel Manufacturing Industries” Joint paper with S Maheepala, BNF Warnakulasooriya,Asia-Pacific Journal of Management Research and Innovation 13 (3-4), 89-97, 2018
  • CFOs views on Corporate Financing Decisions: Survey evidence from Emerging Market of Sri Lanka”, Qualitative Research in Financial Markets, Vol. 8 Issue 4, 2016, pp 331-358
  • Servitization in Manufacturing Firms and Business Performance: A Systematic Literature ReviewInternational Journal of Business and Social Science; Vol. 7 No.5, May 31, 2016, pp. 200-210, Joint paper with S.D.S.R Maheepala, B.N.F Warnakulasooriya.
  • The Determinants of Capital Structure: Evidence from Selected Listed Companies in Sri LankaInternational Journal of Economics and Finance; Vol. 8, No. 2, 2016, pp 94-106, Joint paper with Tharmalingam Pratheepan
  • Market Development and Corporate Financial Leverage in Sri Lanka”, Wayamba Journal of Management, Vol.05 Issue 01, June 2014, pp. 39-47
  • Repo and Reverse Repo rates and their effect on Inter-Bank Call Money Market in Sri Lanka”, Joint paper with Narayana, Wayamba Journal of Management, 05 Issue 02, December 2014
  • “Dividend Policy on Stock Price Volatility; An error corrected approach”, Joint paper with Jayantha Dewasiri, Asia-Pacific Journal of Management Research and Innovation, 2015, Vol.11(3), PP. 165-171
  • “Impact of Observable Determinants and Unobservable Effect on Capital Structure: Evidence from Quoted Public Manufacturing Companies in Sri Lanka”, Joint paper with Abeywardene, The International Journal of Business & Management, 2015 Vol.3, Issue 3, PP.150-158 ISBN 2321-8916
  • “Static Trade-off Theory and Practice of Corporate Debt Financing in Sri Lanka: Evidence from Management and Firm Characteristics”, Joint paper with Riyad Rooly M.S.A, The international Journal of Social Sciences and Humanities Invention, 1(9), 2014, pp.813-844 ISBN 2349-2031
  • “Why do Companies pay dividends?: A Comment”, Joint paper with Dewasiri N.J , Journal of Corporate Ownership and Control (volume 13), 2016
  • Dividend Policy on Stock Price Volatility; An error corrected approach”, Asia-Pacific Journal of Management Research and Innovation, 2015, Vol.11(3), PP. 165-171, Joint paper with Jayantha Dewasiri
  • The Use of capital Budgeting Techniques in Large Businesses in Sri Lanka”, Joint paper with C Rathnayake, International Journal of Arts and Commerce, 3 (9) December, 2014. pp.77-84 (12 issues/year) ISBN 1927-7106  Available at www.ijac.org.uk
  • “Earning Pressure on equity issues”, Joint paper with Pretheeba, T. Wayamba Journal of Management, Vol. 1(2), December 2010 pp. 1-9
  • “Calander Anomalies : Evidence from the Colombo Stock Exchange”, Joint publication with Nimalie De Silva, Journal of Economics, Management and Financial Markets, 02, June 2011
  • “Momantum Anomaly in Emerging Stock Markets: Some Empirical Evidence from the Colombo Stock Exchange” Joint publication with Pathirawasam C and Gunaratne B. Wickramasinghe, Economics, Management and Financial Markets, Vol 6 No. 4 December 2011
  • “Profitability and Contrarian Strategies in the Colombo Stock Exchange”, Joint publication with Pathirawasam C, Vayamba Journal of Management, December 2010
  • Capital Structure and Competitive Behavior: Equity financing and Earning Pressure in Sri Lanka” Joint publication with Thilairasan P. Vayamba Journal of Management, December 2010

Refereed Conference Papers

  • Mediation effect of Servitization on Customer Relationship Orientation and Business Performance in B2B Textile Manufacturing Companies in Asia. Aston Servitization Conference, Copenhagen Business School, Denmark, May 14  2018
  • Servitization of an industry and national competitive advantage in International Business: The case of Taiwan Textile Manufacturing and Sri Lankan Apparel Manufacturing Industries, Aston Servitization Conference, Swizerland, 2016
  • Developing a reliable and valid scale to measure servitization, Aston Servitization Conference, Swizerland, May 2017
  • Impact of dividend policy on stock price volatility: Evidence from Sri Lanka. Joint paper with NJ Dewasiri, 11th International Conference on Business Management – 2014, 15-27
  • “Impact of Working Capital Management Practices to Firm Value, Joint paper with Saman Bandara, Second International Conference on, University of Kelaniya, Sri Lanka, November 2011
  • “Impact of Capital Structure on Profitability of Listed Manufacturing Firms in Sri Lanka”, joint paper  with A.Thayaparan, and T.Pratheepan,
  • “Momentum and Contrarian Strategies in Colombo Stock Exchange” joint paper with Pathirawasam C., International Conference on Business Management (ICBM), University of Sri Jayewardenepura, Sri Lanka, 27 March  2008
  • “Woman’s participation and Business Perfortmance in Small Business Organizations with reference to Putlam District in Sri Lanka” with RMCLK Ratnayaka, Conference Proceedings of the 8th International Research Conference, Sir John Kotalawala Defence University,  27-28 August 2015, pp. 33-39
  • Joint paper with RMCLK RatnayakaAnalysis of Intellectual Capital Disclosure Practices of the Annual Reports of Listed Companies in Sri Lanka” with D. JAYASOORIYa, K. D. GUNAWARDANAA,  ICBM  2015,
  • Management and Firm Characteristics: An Empirical Study on Static Trade-off theory and Practice on Debt Financing Decision of Listed Companies in Sri Lanka”, Joint paper with Riyad Rooly M.S.A, and Jamaldeen A., The 2nd Annual Research Conference – 2013, conducted by the Faculty of Management and Commerce, South Eastern University of Sri Lanka, 17th January 2014. – Proceedings Pp 41-55.
  • Impact of Dividend Policy on Stock Price Volatility: Evidence from Sri Lanka”, 11th International Research Conference on Business Management (ICBM), University of Sri Jayewardenepura, Sri Lanka, December  2014,  Joint paper with Dewasiri J
  • Momantum and Contrarian Strategies in the Colombo Stock Exchange” Joint paper with Pathirawasam C., International Conference on Business Management, University of Sri Jayewardenepura, Sri Lanka, 27 March 2008
  • Investigation of Stock Market Development and Financial Leverage of Corporate Firms: An Emerging Market Experience”, Tenth International Conference on Sri Lanka Studies, University of Kelaniya, Colombo, 16th -18th December 2005,
  • Output, Stock Volatility and Political Uncertainty: Evidence from Sri Lanka “, Joint paper with DKY Abeywardane, Tenth International Conference on Sri Lanka Studies, University of Kelaniya, Colombo, 16th -18th December 2005.
  • Share Price Reactions to the Announcement of Rights Issues on the Colombo Stock Market” , Joint paper with Safeena M. Gazali, Tenth International Conference on Sri Lanka Studies, University of Kelaniya 16th -18th December 2005,
  • The Impact of Central Bank Repurchase and Reverse Repurchase Rate Changes on Inter-Bank Call Money Market in Sri Lanka” , Joint paper with Narayana, Tenth International Conference on Sri Lanka Studies, University of Kelaniya, Colombo, 16th -18th December 2005 .
  • Why do some Investors prefer Fundamentally Weak stocks?” , Joint paper with C. Perera, Tenth International Conference on Sri Lanka Studies, University of Kelaniya  Colombo, 16th -18th December 2005,

Books

  • Measuring Servitization, Co-authored ,S Maheepala, BNF Warnakulasooriya, YKW Banda, Practices and Tools for Servitization, 41-58, 2018
  • Servitization: Case study, Service Management, 2017
  • Practical Training guideline in Finance, Ratna Printers, 2005
  • Business and Accounting Studies, Grade 11, Educational Publication Department, 2009, publications in all three languages
  • Accounting,C.E.(A/L), Educational Publication Department, 2011, publications in all three languages
  • Accounting Studies, Supplementary Reading for GCE (A/L), Educational Publication Department, in Sinhala language, 2011
  • අධ්‍යන පොදු සහතික පත්‍ර උසස්පෙළ හා වෙනත් විභාග සඳහා පිරිවැය හා කළමනාකරණ ගණකාධිකරණය, අධ්‍යයන ප්‍රකාශන දෙපාර්තමේන්තුව, 2012, ISBN 978-955-0693-01-6

Course Manuals and Materials

  • FIN 2301 Financial Management, Dept. of Finance, USJ, Tharanjee Printers, 2003 then edited in each year from 2004 -2009
  • FIN 3301 Advanced Corporate Finance, Dept. of Finance, USJ, 2004
  • FIN 3303 Financial Modeling and Forecasting, Dept. of Finance, USJ,2004

Training programmes & continious professional development undergone as a resource person 

  • Finance Workshop – Delhi School of Business, 2016/10/21-22
  • Quality Assurance Training program, 2006, BMICH
  • Quiz program: “කොටස් වෙළෙඳ පොලයි ඔබයි”  2008. Prepare proposal for quiz programme for A/L students on the above theme except Jafna District and telecasted on ITN in association with Securities and Exchange Commission of Sri Lanka. Setting up all the questions
  • Lecture series in finance aria: case studies workshops, Institute of Chartered Accountants of Sri Lanka (ICASL),Also, moderator and marking examiner of multidisciplinary case study and involvement in review  of syllabus,  2/5/2010
  • Two day International Video Conference on Developing Asian bond market in Financial crisis, new roadmap and regional financial corporation,  2009/9/23-24, conducted by Distance Learning Center Ltd
  • 2-Day  workshop on Capital markets and Insurance, 2005/6/6-7, conducted by the SEC
  • Applied Valuation training workshop, 2007/9/10-13 conducted by FINSIA
  • GCE (AL) Curriculum review workshops, National Institute of Education (NIE)
  • Examinations/Preparation of prototype Questions for the subject of Accounting for the G.C.E. (A/L) –Examination, 2009 and onwards. Works shops on “Item Bank”.   Teachers Training programs (A/L).
  • Developing syllabuses for the subject of Accounting for the GCE (A/L) examinations, 2011 and onwards, National Institute of Education(NIE), Maharagama, Sri Lank

Managerial level experience/programms coordination

  • Headed the restructuring committee for finance of the Faculty of Management Studies and Commerce which is Sri Lanka’s largest faculty with 154 faculty members and 3200 students (2000)
  • Designed and established Master of Applied Finance Degree Programme in 2007 attached to the department of finance.
  • Designed Postgraduate Diploma in Corporate and Strategic Finance Programme as a consultant appointed by the Council of the Institute of Chartered Accountants of Sri Lanka, 2007
  • Co-controller:C.E. (A/L) Examination, Accounting, 2006, 2007,2008, 2009,2010 Examination Department of Sri Lanka
  • Co-controlling Chief Examiner:C.E. (A/L) Examination, Accounting, 2006, 2007,2008, 2009,2010
  • Chief-examiner:C.C.E. (A/L) Examination, Accounting, from 1990 to 2010,Certified Management Accountants of Sri Lanka, from 2004,Bankers Training Institute, 1990 to 1994
  • Team Leader: ADB project: Capacity Building on Debt Market in Sri Lanka.Involved as local team leader in writing project proposal, International Finance Corporation Canada, 2005
  • Team Leader: Surveying and reporting on public participation in national budget in in Sri Lanka,  2017
  • Team Leader: Efficiency of Revenue collection of Local Government Authorities in Sri Lanka.
  • Co-chairperson/Editor/Reviewer:International Research Conferences on Knowledge for Growth and Development (IRCKGD), University of Colombo, Sri Lanka
    • International Conferences on Business Management (ICBM), University of Sri Jayewardenepura, Sri Lanka
    • International research symposium, Sir John Kotelawala Defence University, Sri Lanka
    • International Economic Forum
    • Journal of Business Economics, 2008/2012
    • Kelaniya Journal of Management, 2013-14
    • Foundation for Co-existence, Sri Lanka financial Sector (preliminary), 9th October 2009
    • Journal of Accounting and Taxation, April 2016:http://www.academicjournals.org
    • International Journal of Multidisciplinary Studies (IJMS), 2013-2018
    • International Journal of Productivity and performance Management:www.emeraldgrouppublishing.com/products/journals/journals.htm, 2017-2018
  • Faculty member: Investment research challenge competition
    • Investment research challenge, Second runner-up in Sri Lanka in 2009
    • Investment research challenge, Second runner-up in Sri Lanka in 2010
    • Winning team in Sri Lanka in 2010 and Top six in Asia Pacific region (presentations held in Basu in Malaysia 26-28 February 2011)

Teaching

  • Advance Corporate Finance
  • Financial Management
  • Investment and Portfolio Management
  • Financial theory and corporate policy
  • Financial modelling and forecasting
  • Global financial markets
  • Research methodology in Finance
  • Real estate finance
  • Business finance

Contact Details

  • Email: weerakon@sjp.ac.lk
  • Telephone:+94-011-802023 Ext 3023