Conference Program

Second Annual International Emerging Financial Markets and Policy Conference - EFMP 2022

Conference Theme: Impact of Digital Transformation on Finance

17th June 2022, Colombo, Sri Lanka
Virtual Conference
8:30 a.m. – 2:30 p.m. Sri Lanka Time

Pre-registration and Joining the Sessions
8.00 a.m. – 8.30 a.m. Registration

Registration Link: https://bit.ly/EFMP01

8.30 a.m. – 9.00 a.m. Commencement

Welcome Address

Senior Prof. D. B. P. H. Dissabandara
Conference Co-chair and Executive Secretary

Sri Lanka Finance Association

Address by Prof. Lalith Samarakoon

President, Sri Lanka Finance Association

Head, Department of Finance, University of St. Thomas, Minnesota, USA

Address by Prof. Chandana Gunathilaka

Head, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

Address by Prof. P.D. Nimal

Dean, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

Address by Senior Prof. Sudantha Liyanage

Vice-Chancellor, University of Sri Jayewardenepura

9.00 a.m. – 9.45 a.m. Keynote Address:

 
Prof Anup Basu
Prof. Anup Basu

Faculty of Business & Law, School of Economics & Finance, Queensland University of Technology (QUT), Australia

 

Anup Basu is a professor of finance and behavioural economics at the Queensland University of Technology and a Fellow of the Financial Services Institute of Australia. He is an internationally renowned expert in the field of pensions, investments, and behavioural finance. Before joining academia, he held various executive appointments in the financial sector including Fortune 500 companies.

Professor Basu’s research has been published in leading academic and professional journals including Journal of Pension Economics and Finance, Journal of Portfolio Management, Journal of International Financial Markets, Institutions and Money, and Pacific Basin Finance Journal, among others. At the same time, it has made a significant impact on public policy and industry practice. His work on target date funds has been presented in the joint hearing of the United States Government Department of Labor and the Securities & Exchange Commission (SEC), cited by the World Bank, IMF policy research report on pension plans, OECD Working Party on Private Pensions, the US Government Accountability Office, the US Senate Hearing before the Special Committee on Aging, and the Australian Government’s Review (Cooper Review) of the Australian Superannuation System.

Professor Basu has been the recipient of several research grants from the government and industry and his research has received the highest rating in the Australian Research Council’s Excellence of Research in Australia (ERA) for impact. He has been a consultant and trainer to government, regulators, and investment companies and has worked on various research projects with organisations like Australian Securities and Investments Commission (ASIC), QIC (investment manager with more than $70 Billion AUM), and FINSIA, the peak industry body for finance professionals in Australia.

Professor Basu is a regular commentator in media and his work has been covered on numerous occasions by the Financial Times UK, Pensions and Investments, Australian Financial Review, The Australian, Canadian Business, Gulf News, Business Review Weekly, Sydney Morning Herald, Daily Telegraph, The Age, and The Courier Mail.

 

9.45 a.m. – 11.45 a.m. Concurrent Sessions (A1, B1 and C1)
  Session A1: Corporate Finance (9.45 a.m. – 11.15 a.m.)

Registration Link: https://bit.ly/EFMP01

Session Chair:  Prof. P.D. Nimal, Dean, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

Convener: S. Yamuna

 1.   The Impact of Macroeconomic and Institutional Factors on Corporate Financial Flexibility with the Moderating Impact of Corporate Governance: Evidence from Sri Lanka

Author(s):     H.S.K. Wijerathna, Department of Accountancy, Faculty of

Commerce & Management Studies, University of Kelaniya

N.S. Anuradha, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

Presenter:    H.S.K. Wijerathna

Discussant: Prof. (Mrs) Rathiranee Yogendrarajah, Department of Financial Management, Faculty of Management Studies & Commerce, University of Jaffna

 

2.  Impact of Dividend Policy on Shareholders’ Wealth Under the Level of Leverage: An Empirical Study of Listed Diversified Financial Sector & Food, Beverages, and Tobacco Sector Companies in Sri Lanka

Author(s):  H.V. Abeywickrama, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

D.B.P.H. Dissabandara, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura                                                                               

Presenter:    H.V. Abeywickrama

Discussant:   Prof. Y.K. Weerakon Banda, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura                                                                               

 

 

3.   Impact of Dividend Policy on Stock Price Volatility in Colombo Stock Exchange (CSE)

Author(s): J.L.A. Dakshini, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

D.B.P.H. Dissabandara, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura                                                                               

Presenter:    J.L.A. Dakshini

Discussant:  Prof. A. Jahfer, Department of Accountancy and Finance, Faculty of Management and Commerce, South Eastern University of Sri Lanka

 

  Session B1: Corporate Governance (9.45 a.m. – 11.45 a.m.)

Registration Link: https://bit.ly/EFMP02

Session Chair:  Prof. Roshan Ajward, Department of Accounting, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

Convener:  Ms. Miuni Shamika

 

1.  Impact of Corporate Social Responsibility Disclosure on Financial Performance

Author(s): I.K.S. Soyza, Department of Commerce and Financial Management, University of Kelaniya

Presenter:    I.K.S. Soyza

Discussant:   Prof. D.L.P.M. Rathnasingha, Department of Finance, Faculty of Management and Finance, University of Colombo

2.  Impact of Corporate Governance Practices on Financial Distress of Listed Consumer Services Sector Companies in Sri Lanka

Author(s):      G. Keerthana, Department of Financial Management, Faculty of Management Studies & Commerce, University of Jaffna, Sri Lanka

S. Balagobei, Department of Financial Management, Faculty of Management Studies & Commerce, University of Jaffna, Sri Lanka

Presenter:    G. Keerthana

Discussant:   Prof. K. G. A. Udaya Kumara, Department of Accountancy and Finance, Faculty of Management Studies, Rajarata University of Sri Lanka

 

3. Corporate Internet Reporting: Evidence from Sri Lankan Listed Companies

Author(s):   P.P. Abeykoon, Department of Business Finance, Faculty of Management, University of Peradeniya

M.N.F. Nuskiya, Department of Business Finance, Faculty of Management, University of Peradeniya

K. G. A. Udayakumara, Department of Accountancy and Finance, Faculty of Management Studies, Rajarata University

Presenter:    P.P. Abeykoon

Discussant:   Prof. Sampath Kehelwalatenna, Department of Accounting, Faculty of Management and Finance, University of Colombo

 

4. The Relationship between Corporate Social Responsibility (CSR) Disclosure and Financial Performance – Evidence from Listed Manufacturing Companies in Sri Lanka

Author(s): A. Pathmapriya, Faculty of Management, University of Peradeniya

M.G.P.D. Menike, Department of Business Finance, Faculty of Management, University of Peradeniya

Presenter:    A. Pathmapriya

Discussant:   Prof. S.S. Weligamage, Department of Finance, Faculty of

Commerce & Management Studies, University of Kelaniya

  Session C1: Financial Markets, Institutions and Banking (9.45 a.m. – 11.15 a.m.)

Registration Link: https://bit.ly/EFMP03

Session Chair:  Prof. Lalith Samarakoon, Head, Department of Finance, University of St. Thomas, Minnesota, USA

Convener:  Mr. Ranil Hewamana

 

1. The Effect of Financial Innovations on Bank Performance: Evidence from Commercial Banks of Sri Lanka

Author(s): N.A. Dissanayake, Department of Finance, Faculty of Management and Finance, University of Colombo

E.M.N. Ekanayake, Department of Finance, Faculty of Management and Finance, University of Colombo

Presenter:    N.A. Dissanayake

Discussant:   Dr. Manjula K. Wanniarachchige, Department of Finance, Faculty of Management and Finance, University of Ruhuna

 

2. An Empirical Study of Investors’ Risk Aversion Behaviour and Decisions on Investment Options

Author(s): S.T.M.S. Tennekoon, Business Academics Department, Business Management School (BMS)

C. Liyanage, Department of Finance, Faculty of Commerce & Management Studies, University of Kelaniya

Presenter:    S.T.M.S. Tennekoon

Discussant: Prof. Lalith Samarakoon, Head, Department of Finance, University of St. Thomas, Minnesota, USA

3.  Determinants of Non-Performing Loans in Sri Lanka – Evidence from Licensed Commercial Banks

Author(s):    B.A.N.S. Balasuriya, Department of Finance, University of Sri Jayewardenepura

D.B.P.H. Dissabandara, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura                                                                                

Presenter:    B.A.N.S. Balasuriya

Discussant:  Prof. R.A Rathnasiri, Professor at Department of Banking and Finance, Wayamba University of Sri Lanka

11.45 a.m. – 12.15 noon Break
12.15 p.m. – 1.45 p.m. Concurrent Sessions (A2, B2)

 

  Session A2: Behavioral Finance (12.15 p.m. – 1.15 p.m.)

Registration Link: https://bit.ly/EFMP01

Session Chair:  Dr. Manjula K. Wanniarachchige, Department of Finance, Faculty of Management and Finance, University of Ruhuna

Convener:   Ms. Sewwandika Gamage

 

1. Impact of Psychological Factors on Financial Wellbeing of Equity Investors in Sri Lanka:  Mediating Role of Financial Behavior

Author(s):    R. Thuraisingam, Jaffna, Sri Lanka

S. Buvanendra, Department of Finance, Faculty of Management and Finance, University of Colombo

K.G.K. Fernando, Department of Finance, Faculty of Management and Finance, University of Colombo

Presenter:    R. Thuraisingam

Discussant:  Prof. P.D. Nimal, Dean, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

2.  Impact of Financial Literacy on Business Performance of Small and Medium Enterprises in Sri Lanka: A Domain Vise Analysis

Author(s):  K.H.G.U.S. Jayasinghe, Department of Finance, Faculty of Management and Finance, University of Colombo

D.D.A.S.M. Domingo, Department of Finance, Faculty of Management and Finance, University of Colombo                                                                            

Presenter:    K.H.G.U.S. Jayasinghe

Discussant: Dr. S. Buvanendra, Department of Finance, Faculty of Management and Finance, University of Colombo

 

  Session B2: Special Topics (12.15 p.m. – 1.45 p.m.)

Registration Link: https://bit.ly/EFMP02

Session Chair:  Prof. Chandana Gunathilaka, Head, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

Convener:    Ms. Pethmi De Silva

 

1.  Is Islamic Microfinance Model a Viable Alternative to Conventional Counterparts: An Institutional Comparison

Author(s): S.M.S. Uddin, Department of Finance, University of Chittagong, Chattogram-4331, Bangladesh

N. Afroz, Financial Analyst, Credit Rating Agency of Bangladesh Limited, Chattogram-4202, Bangladesh

T. Khanam, Department of Business Administration in Finance & Banking, Bangladesh University of Professionals, Mirpur Cantonment, Dhaka-1216, Bangladesh

Presenter:    T. Khanam

Discussant: Prof. AL. Abdul Rauf, Dept. of Accountancy and Finance, Faculty of Management and Commerce, South Eastern University of Sri Lanka

2.  Impact of Microcredit on Poverty Alleviation – Special Reference to Trincomalee D.S Division

Author(s):    M. Sampavi, Department of Accounting & Finance, Faculty of Management Studies, The Open University of Sri Lanka

P. Tharshiga, Department of Financial Management, Faculty of Management Studies & Commerce, University of Jaffna

Presenter:    M. Sampavi

Discussant:  Prof. R. Abeysekera, Department of Finance, Faculty of Commerce & Management Studies, University of Kelaniya

 

3. Behavioural Factors Affecting Household Over-Indebtedness: A Conceptual Review

Author(s):    P. U. K. Biyanwila, Faculty of Graduate Studies, University of Sri Jayewardenepura

N.S. Anuradha, Department of Finance, Faculty of Management Studies & Commerce, University of Sri Jayewardenepura

Presenter:    P. U. K. Biyanwila

Discussant: Prof. L.M.C.S. Menike, Department of Accountancy And Finance, Faculty of Management Studies, Sabaragamuwa University of Sri Lanka

 

1.45 p.m.- 2.30 p.m. Conclusion (A3)

Zoom Link: https://bit.ly/EFMP001

Convener: Ms. T.M.R.T. Thennakoon

1.      Presentation of Best Paper Awards

 

2.      Presentation of Service Appreciation and Achievement Awards

 

3.      Presentation of Major Events and Future Activities of SLFA – 2022/2023

 

4.      Vote of Thanks

Mrs. Madushani Gunathilake, Coordinator, Annual International Conference on Emerging Financial Markets and Policy (EFMP 2022)

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Contact

Prof. Manjula K. Wanniarachchige
Executive Secretary
Sri Lanka Finance Association
Department of Finance
Faculty of Management and Finance
University of Ruhuna, Sri Lanka