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Dr. Ranadeva Jayasekera
Associate Professor, Trinity Business School

Biography

Ranadeva holds a PhD in Finance from the University of Cambridge. He received his initial education in Sri Lanka with a bachelor's degree with a first class in mathematics and physics from the University of Colombo. He also holds an MBA from the same University, where he graduated with honours and was awarded the Ceylon Chemical Industries Gold Medal Award for Strategic Management & Business Policy. He moved to the industry by joining IBM, working in the marketing field and later shifted to the finance field by joining a venture capital firm, Capital Suisse Asia. He then accepted an offer by Ernst & Young, and was employed as an assistant manager and was overlooking the management consultancy division of the firm in Sri Lanka. During this period he completed his accountancy exams and became an associate member of Chartered Management Accountants (ACMA) UK. After gaining more than 2 years experience at Ernst & Young he joined Practical Action (A UK based international not for profit organization) as the senior financial consultant for the South Asian region. With over 5 years experience in the industry he left full time employment at Practical Action to pursue higher studies at Cambridge, but has maintained strong ties with the organization being involved in numerous consultancy assignments to date. He joined the quantitative finance team of Deloitte in London at a senior capacity in 2007 and has been involved in the Valuation, structuring and modelling of complex financial instruments of major investment banks. Ranadeva completed his MPhil in Finance at the University of Cambridge and was awarded a full scholarship to continue his research to a doctoral level. His dissertation research was on the prediction of company failures. Since then he has completed his PhD from Cambridge in Accounting and Finance and his thesis is a combination of three interrelated papers based on the US airline industry branching in to the areas of modelling corporate distress, real options analysis and the implications and the anomalies of the US bankruptcy code. Ranadeva has got several publications in reputed international journals. His current research interests are in the areas of Capital Structure, real options, financial flexibility, Market efficiency, and bankruptcy prediction. Ranadeva commenced his academic career at the University of Southampton (UK) as a lecturer in Accounting and Finance and then moved to Cranfield University as a Senior lecturer in Finance before taking up the post of an Associate Professor in accounting and finance at the Trinity college of Dublin (University of Dublin) in November 2015.

Publications and Further Research Outputs

Peer-Reviewed Publications

Choudhry, T., Dissanaike, G., Jayasekera, R., Kang, W., Nandi, M., , Loss Sensitive Investors and Positively Biased Analysts in Hong Kong Stock Market., Review of Quantitative Finance and Accounting , 2021 Journal Article, 2021

Nnadi, M., Surichamorn, V., Jayasekera, R., Belghitar, Y., , Empirical analysis of debt maturity, cash holdings and firm investment in developing economies, International Journal of Finance & Economics, 2020 Journal Article, 2020

Andersson, E., Hoque, M., Rahman, L., Uddin, G., Jayasekera, R.,, ESG investment: What do we learn from its interaction with stock, currency and commodity markets?, International Journal of Finance & Economics, 2020 Journal Article, 2020

Nnadi, M., Surichamorn, V., Jayasekera, R., Belghitar, Y., , Empirical analysis of debt maturity, cash holdings and firm investment in developing economies, International Journal of Finance & Economics, 2020 Journal Article, 2020

Stelios Bekiros, Amanda Dahlström, Oskar Ege, Ranadeva Jayasekera ,Gazi Salah Uddin , A Tale Of Two Shocks: The Dynamics Of International Real Estate Markets, International Journal Of Finance & Economics, 2019 Journal Article, International Journal of Finance and Economics, 2019 Journal Article, 2019 DOI

Khoja, Layla, Maxwell Chipulu, Ranadeva Jayasekera, Analysis of financial distress cross countries: Using macroeconomic, industrial indicators and accounting data., International Review of Financial Analysis, 2019 Journal Article, 2019

Gillaizeau Marc, Ranadeva Jayasekera, Ahmad Maaitah, Tapas Mishra, Mamata Parhi, and Evgeniia Volokitina, Giver and the receiver: Understanding spillover effects and predictive power in cross-market Bitcoin prices, International Review of Financial Analysis, 2019 Journal Article, 2019 DOI

Lindman, S., Tuvhag, T., Jayasekera, R., Uddin, G.S. and Troster, V., Market Impact on financial market integration: Cross-quantilogram analysis of the global impact of the euro, Journal of Empirical Finance, 2019 Journal Article, 2019

Christoffer Wadström, Emanuel Wittberg, Gazi Salah Uddin, Ranadeva Jayasekera, Role Of Renewable Energy On Industrial Output In Canada, Energy Economics, 2019 Journal Article, 2019

Ranadeva Jayasekera, Prediction of company failure: Past, present and promising directions for the future, International Review of Financial Analysis, Volume 55, 2018, p196 - 208 Journal Article, 2018 DOI

Khoja, Layla, Maxwell Chipulu, and Ranadeva Jayasekera, Analysing corporate insolvency in the Gulf Cooperation Council using logistic regression and multidimensional scaling, Review of Quantitative Finance and Accounting, 2016, p483-518 Journal Article, 2016 DOI

Choudhry, T. and Jayasekera, R., Level of efficiency in the UK equity market: empirical study of the effects of the global financial crisis, Review of Quantitative Finance and Accounting, 2015, p213-242 Journal Article, 2015 DOI

Choudhry, T. and Jayasekera, R., Market efficiency during the global financial crisis: Empirical evidence from European banks, Journal of International Money and Finance, 2014, p299-318 Journal Article, 2014 DOI

Choudhry, T., Jayasekera, R. and Kling, G.., "The global financial crisis and the European single market: The end of integration?.", Journal of International Money and Finance , 49, 2014, p191 - 196 Journal Article, 2014 DOI

Nnadi, M. and Jayasekasekera, R , Accounting, Pearson publications, 2014 Book, 2014

Dissanaike, G., Faasse, J. and Jayasekera, R., , 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, (49), 2014, p358-385 Journal Article, 2014 DOI

Choudhry, T. and Jayasekera, R., Returns and volatility spillover in the European banking industry during global financial crisis: Flight to perceived quality or contagion?., International Review of Financial Analysis, 2014, p36-45 Journal Article, 2014 DOI

Choudhry, Taufiq, and Ranadeva Jayasekera, 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, 25 , 2012, p106 - 116 Journal Article, 2012 DOI

Effectiveness of viral marketing via social networking sites in, editor(s)Papadopoulou, P., Kanellis, P. and Martakos, D. , Social Computing Theory And Practice: Interdisciplinary Approaches, 2011, ppdoi:10.4018/978-1-61692-904-6 , [Papadopoulos, T. and Jayasekera, R. ] Book Chapter, 2011

Research Expertise

Description

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

Projects

  • Title
    • "Earnings Management and stock performance
  • Summary
    • Grant for Study of "Earnings Management and stock performance" by the National Science Centre, The value of the grant in excess of 130,000 Euro
  • Funding Agency
    • The National Science Centre, Poland
  • Title
    • Pump Priming grant
  • Summary
    • Grant by the University of Southampton (2011) for the study of NGO accountability Value of grant -£ 3000
  • Funding Agency
    • University of Southampton
  • Title
    • Constraints to the SME sector in the UK
  • Summary
    • Joint recipient of a grant by Santander for research on growth constraints to the SME sector in the UK (2012) - Value of Grant - £ 25000
  • Funding Agency
    • Santander
  • Title
    • The study of the effects of new regulations on the banking system in UK and how mathematical models need to be adapted
  • Summary
    • oint 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 Value of grant - £ 10000
  • Funding Agency
    • University of Southampton

Keywords

behavioural Finance; Corporate finance

Recognition

Representations

Visiting Professor of Finance - Poznan University of Economics

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. (2010) "Real options application to liquidity risk management", Deloitte & Touche, London

Jayasekera, L.I.R. (2011) Small can be Vulnerable : Failure Prediction of unlisted firms SIBR conference; Bangkok; Thailand

Jayasekera, L.I.R. (2012), "Financial Flexibility and the Theory of Capital Structure", World Finance Conference, Rio de Janeiro,Brazil

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

Awards and Honours

Research Scholarship-University of Cambridge 2004-2006

Finalist - Finance Student of the Year Award -Institute of Financial Accountants (IFA), UK 2007

British Chevening Shell Centenary Scholarship 2003

Ceylon Chemical Industries Gold Medal Award-University of Colombo 2002

BSc (Hons) Mathematics and Physics (First Class) 1997

Memberships

Associate Member of the Chartered Institute of Management Accountants (ACMA)

Associate Member of the Chartered Global Management Accountant (AICPA)