dr. ranadeva jayasekera associate professor in accounting...

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Dr. Ranadeva Jayasekera Associate Professor in Accounting & Finance – Trinity College; University of Dublin Director MSc in Financial Risk Management Education PhD in Finance; Judge Business School, University of Cambridge 2009 MPhil in Finance; Judge Business School, University of Cambridge 2004 MBA; University of Colombo, Sri Lanka, 2000 Associate Member of the Chartered Institute of Management Accountants (ACMA) Associate Member of the Chartered Global Management Accountant (AICPA) BSc (Hons) Mathematics and Physics ; University of Colombo, Sri Lanka, 1997 Diploma in Credit Risk Management; Institute of Bankers, Sri Lanka, 2002 Postgraduate Certificate in Corporate Business Strategy; University of Sri Jayawardenapura, Sri Lanka, 1998 Research Interests Market efficiency, accountability issues of non-profit organizations, capital structure analysis, default prediction, financial derivatives and real options analysis Papers Accepted for Publication Choudhry, T., & Jayasekera, R. (2014). Volatility Spillover Effects in the Banking Industry during Global Financial Crisis ; Flight to “perceived” quality or Contagion?, International Review of Financial Analysis (forthcoming) Choudhry, T., & Jayasekera, R. (2012). Market Efficiency or Asset Mispricing? Insight from Current Financial Crisis period UK Equity Market Behaviour (2012), Review of Quantitative Finance and Accounting Choudhry, T., & Jayasekera, R. (2014). Market Efficiency during the Global Financial Crisis: Empirical Evidence from European Banks, Journal of International Money and Finance. Choudhry, T., & Jayasekera, R. (2014). Comparison of Efficiency Characteristics between the banking sectors of US and UK during the Global Financial Crisis of 2007-2011, International Review of Financial Analysis Dissanaike, G, Faasse,J & Jayasekera, R. (2014). What do equity issuances signal? A study of equity issuances in the UK before and during the financial crisis, Journal of International Money and Finance. Khoja, L., Chipulu, M., & Jayasekera, R. (2016). Analysing corporate insolvency in the Gulf Cooperation Council using logistic regression and multidimensional scaling. Review of Quantitative Finance and Accounting. Choudhry, T., Kling, G., & Jayasekera, R. (2014). The Global Financial Crisis and the European Single Market: The end of integration?. Journal of International Money and Finance. Jayasekera, R., (2017). Prediction of company failure: Past, present and promising directions for the future. International Review of Financial Analysis. Books and book Chapters Nnadi, M. and Jayasekera, R (2014) Accounting; Pearson’s publications (ISBN 978-1-78447-982-7) Mobile (IE) +353 (0) 838 89 9068 Mobile (UK) +44 (0) 79 6082 6641 Email: [email protected] Website: ranadevajayasekera.net

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Dr. Ranadeva Jayasekera Associate Professor in Accounting & Finance – Trinity College; University of Dublin

Director MSc in Financial Risk Management

Education PhD in Finance; Judge Business School, University of Cambridge 2009

MPhil in Finance; Judge Business School, University of Cambridge 2004

MBA; University of Colombo, Sri Lanka, 2000 Associate Member of the Chartered Institute of Management Accountants (ACMA) Associate Member of the Chartered Global Management Accountant (AICPA)

BSc (Hons) Mathematics and Physics ; University of Colombo, Sri Lanka, 1997

Diploma in Credit Risk Management; Institute of Bankers, Sri Lanka, 2002

Postgraduate Certificate in Corporate Business Strategy; University of Sri Jayawardenapura, Sri Lanka, 1998

Research Interests Market efficiency, accountability issues of non-profit organizations, capital structure analysis, default prediction, financial derivatives and real options analysis

Papers Accepted for Publication

Choudhry, T., & Jayasekera, R. (2014). Volatility Spillover Effects in the Banking Industry during Global Financial Crisis ; Flight to “perceived” quality or Contagion?, International Review of Financial Analysis (forthcoming)

Choudhry, T., & Jayasekera, R. (2012). Market Efficiency or Asset Mispricing? Insight from Current Financial Crisis

period UK Equity Market Behaviour (2012), Review of Quantitative Finance and Accounting

Choudhry, T., & Jayasekera, R. (2014). Market Efficiency during the Global Financial Crisis: Empirical Evidence from European Banks, Journal of International Money and Finance.

Choudhry, T., & Jayasekera, R. (2014). Comparison of Efficiency Characteristics between the banking sectors of US

and UK during the Global Financial Crisis of 2007-2011, International Review of Financial Analysis

Dissanaike, G, Faasse,J & Jayasekera, R. (2014). What do equity issuances signal? A study of equity issuances in the UK before and during the financial crisis, Journal of International Money and Finance.

Khoja, L., Chipulu, M., & Jayasekera, R. (2016). Analysing corporate insolvency in the Gulf Cooperation Council

using logistic regression and multidimensional scaling. Review of Quantitative Finance and Accounting.

Choudhry, T., Kling, G., & Jayasekera, R. (2014). The Global Financial Crisis and the European Single Market: The end of integration?. Journal of International Money and Finance.

Jayasekera, R., (2017). Prediction of company failure: Past, present and promising directions for the future.

International Review of Financial Analysis. Books and book Chapters

Nnadi, M. and Jayasekera, R (2014) Accounting; Pearson’s publications (ISBN 978-1-78447-982-7)

Mobile (IE) +353 (0) 838 89 9068 Mobile (UK) +44 (0) 79 6082 6641

Email: [email protected] Website: ranadevajayasekera.net

Papadopoulos, T. and Jayasekera, R. (2011) Effectiveness of viral marketing via social networking sites. In, Papadopoulou, P., Kanellis, P. and Martakos, D. (eds.) Social Computing Theory And Practice: Interdisciplinary Approaches. Hershey, USA, . (In Press). (doi:10.4018/978-1-61692-904-6).

Working Papers The interplay between NGO accountability and ‘development’: a case study. Jayasekera, Ranadeva, Ramoglou

Stratos and Soobaroyen, Teerooven (2015) , R&R , Organisational studies

Quantification of Financial Flexibility with Gishan Dissanaike (Cambridge)

Surviving without profits: the curious case of US airlines Joint paper with Prof. Geoff Meeks and Gishan Dissanayake

(Cambridge) submitted to the Journal of Business History (2017) A General Theory of the firm, Joint paper with Dr Dr Gerhard Kling (University of Southampton)

Bitcoins; Sinners currency in an opportunistic market? with Dr. Evgeniia Volokitina and Wooyong Kang (Cranified

University)

Information content of Annual reports in the NGO sector, Joint paper with Dr Teerooven Soobaroyen (University of Essex)

Selected Conference Presentations Jayasekera, Ranadeva and Soobaroyen, Teerooven (2012) The interplay between NGO accountability and ‘development’: A case study. AOS Workshop on Accounting, Non-governmental Organizations and Civil Society, London, GB

Jayasekera, L.I.R. (2012), Comparison of Efficiency Characteristics of the European banking sector during the Global Financial Crisis of 2007-2012; 4th International Finance and Banking Society conference, Valencia, Spain Jayasekera, L.I.R. (2012), -"Analysis of the Role of General Electric in the US Airline Industry; A Possible Capital Market Mutation in Response to the Anomalies of Chapter 11?", Multinational Finance Conference, Krakow, Poland Jayasekera, L.I.R. (2012), "Financial Flexibility and the Theory of Capital Structure", World Finance Conference, Rio de Janeiro,Brazil

Jayasekera, L.I.R. and Meeks G (2011) Analysis of the Role of General Electric in the US Airline Industry; A possible Capital Market Mutation in Response to the Anomalies of Chapter 11 : Multinational Finance Conference 2011; Rome Italy Jayasekera, L.I.R. (2010) “Flying with Heavy Loads": Capital structure considerations for the US airline industry”, Global Financial Conference, June 2010, Poznan, Poland Jayasekera, L.I.R. (2011) Small can be Vulnerable : Failure Prediction of unlisted firms SIBR conference; Bangkok; Thailand Jayasekera, L.I.R. (2010) “Real options application to liquidity risk management”, Deloitte & Touche, London

Honours and Awards and Research Grants & Journal Editorship Research Scholarship

Cambridge Commonwealth Trust, University of Cambridge, 2004-2006

Teaching Excellence Award 2017 – Trinity College Dublin Finalist - Finance Student of the Year Award 2007

Institute of Financial Accountants (IFA), UK British Chevening Shell Centenary Scholarship, 2003-2004 Ceylon Chemical Industries Gold Medal Award – Strategic Management & Business Policy

Master of Business Administration, University of Colombo, 2002

BSc (Hons) Mathematics and Physics (First Class)

University of Colombo, Sri Lanka, 1997

Guest editor - special issue of the Journal of International Money and Finance (JIMF) On the Global Financial Crisis and European Markets – 2012

Co Chair and organising committee member of an International conference on the Global Financial Crisis and European Markets – 2012 –Southampton; UK

Former Editor – Finance Research letters External Examiner-University of Greenwich (undergraduate, masters International and MBA programmes)

Referee - European Journal of Finance; International Small Business Journal; International Review of Financial

analysis; Finance Research letters Keynote speaker at the "efficiency as a source of wealth of nations" conference 2015 in Wroclaw Poland. Trinity Business School Teaching Excellence Award, Jun 2017.

Research Grants (approximately £138,000) Grant for Study of “Earnings Management and stock performance”. The National Science Centre, Poland >£100.000 Recipient of Pump Priming grant (University of Southampton-2011) for the study of NGO accountability £ 3000 Joint recipient of a grant by Santander for research on growth constraints to the SME sector in the UK (2012) - £ 25000 Joint recipient of a grant from the Strategic Interdisciplinary Research Development Fund for The study of the effects of

new regulations on the banking system in UK and how mathematical models need to be adapted - £ 10000

Teaching and Admin Experience Trinity College – University of Dublin Nov 2015 to date

Director – MSc in Risk Management; Overall responsibility for the design, staffing, recruitment and successful delivery of the whole MSc programme; International collaboration; Teaching in UG and PG courses; PhD supervision

Cranfield University Oct 2014- Nov 2015 Senior Lecturer (Associate Professor) in Finance; Postgraduate & executive teaching, consultancy and research

University of Southampton April 2009 – Oct 2014

Lecturer in Accounting and Finance; Teaching at postgraduate and undergraduate level; Responsible for the supervision of numerous postgraduate dissertations; Solely responsible for the design and delivery of one undergraduate and two postgraduate modules.

University of Cambridge Spring 2007 Undergraduate Instructor for Corporate Finance Topics; Teaching Assistant for Corporate Finance Topics for engineering students M.B.A., Teaching Assistant for Accounting and Finance Modules, Spring 2007 London School of Economics (LSE) Undergraduate, Graduate Teaching Assistant for principals in Finance, Michaelmas 2006 BSc; Valuation and securities analysis; External degree course; 2010- 2012

Executive Education Delivered an executive education customised training course for Kuwait Investment Authority 2014

Commercial Exposure Deloitte (London, UK) Oct 2007 – Apr 2009 Full Time – present (Consultancy) Assistant Manager - Financial Advisory – Risk management team

Strategic advisory for new ventures; Application of real options to quantify strategic value propositions to aid in price negotiations

Strategic Advisory for M& A structuring: Feasibility studies, strategic value analysis Strategic advisory roles in change management, staffing and remuneration design Risk oversight – Credit and Market risk analysis; VAR analysis, Advisory roles on risk management Proposition development - Development of a service offering in the area of the quantification and management of

liquidity risk Financial innovation / product development in the clean energy space Structuring fixed income products, convertible bonds, inverse floaters, coco bonds Internal Capital Adequacy Assessment Procedures (ICAAP) – Establishing Basel II; Pillar II Compliance for Financial

Institutions Valuation, structuring and modeling of complex Financial instruments of major investment banks (Morgan Stanley,

RBS, Goldman Sachs, Deutshe Bank,) (e.g. CDO’s , Exotics, CMS, Interest rate products, Energy / Commodity products, Yield curve analysis, bond Vs CDS spread analysis; use of Math lab, Fincad, Reval and Bloomberg)

Forensic investigation of a large bank, to investigate the possibility of financial misconduct NHS (Strange ways Laboratory - University of Cambridge) Oct 2006 – Feb 2007 Provided financial consultancy services to restructure the current accounting procedure to be in line with the management accounting requirements of the NHS University of Cambridge – Gonville and Caius College Apr 2005 – Dec 2005 Performed financial modelling to re-organise the then existing accounting structure and reporting systems to highlight and provide more value added information for decision making Practical Action 2002 – 2003 (Full-time) 2003 – present (Consultancy) Senior Financial Consultant (Reporting directly to the Regional Director)

Conducted a comprehensive project feasibility study and proposed a business plan for the establishment of a consultancy arm for ITDG.

Performed financial modelling: cash flow, P&L and balance sheet; scenario analysis and the impact of strategic decisions on cash flow projections and associated investment indicators such as NPV & IRR.

Identified benchmark organizations and conducted a salary survey. Developed an equitable forward-looking compensation package for the organization considering factors such as

funding availability, effects of exchange rate movements, employee motivation, performance, and skill level. Ernst & Young (Colombo & New Zealand) 2000 – 2002 & 2008 Manager (Reporting directly to a Partner)

Performed valuations (Brands, Business, Share), due diligence and feasibility studies. Led a team of 15 analysts completing job responsibility reviews, salary surveys and surveys for compensation

packages, Manpower rationalization studies (in collaboration with Hewitt Associates) Financial modelling - Cash Flow, P&L and Balance Sheet sensitivity analysis to 'stress' projections to arrive at downside

case scenarios from a base case. Acknowledged recognition of risk in forecasting and the determination of Cost of Capital using Monte Carlo Simulation based projections through spreadsheet randomisation, and the use of real options valuation concepts and methodologies.

Performed a share valuation using the Earnings Yield and Net Assets Bases for the purpose of affixing stamp duty. Conducted a job responsibility review for CARE International for 53 benchmark job positions, to develop a suitable job-

rating tool. The evaluation technique used for this study was the Decision Band Method (DBM). Developed a concept paper for First Capital Ltd on Variable Pay and designed an employee profit bonus scheme linked

to the economic value added concept. Team Leader for a project feasibility study with an investment of US $50 Million Key a member of a team of consultants perfuming due diligence study of the National Insurance Corporation with

assets of over $25 Million.

Extra Curricular activities University of Cambridge – Darwin College cricket captain 2006 Tennis, hiking, camping travel and exploring the meaning of life