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Impact of Idiosyncratic Volatility on Average Stock Returns: Evidence from Sri Lanka

Perera, H.A.P.K; Ediriwickrama, T.C. (2020)

The complete diversification of idiosyncratic volatility is questionable due to factors such as market imperfections, investor irrationality and managerial decisions. Therefore, the purpose of this study is to investigate ...

A Revisit on Idiosyncratic Volatility Puzzle: Evidence from Sri Lanka

Perera, H.A.P.K.; Ediriwickrama, T.C. (American Research Institute for Policy Development, 2019)

The inconclusive inferences on empirical findings on idiosyncratic volatility have created a substantive puzzle in the asset pricing literature.The purpose of this study is to analyze the long debated idiosyncratic ...

THE EFFECT OF AUDITORS’ REPORT ON STOCK RETURNS: EVIDENCE FROM LISTED ENTITIES IN SRI LANKA

Hewage, Y.M; Ediriwickrama, T.C. (2021)

Past literature shows inconsistent results when analyzing the impact on the external auditors’ report (AR) and stock returns. Similarly, it was observed that there is less literature that examined the significance of the ...

Using Pre-Listing Information to Mitigate Initial Public Offerings’ Long Run Underperformance: Evidence from Sri Lanka

Ediriwickrama, T.C. (2018)

The main channel of information dissemination for initial public offerings (IPO) in the pre-listing stage is the prospectus. Auditor fee and director emoluments are two types of information that investors know about ...

AN ANALYSIS ON THE RELATIONSHIP BETWEEN SECTOR STOCK RETURNS AND FOREIGN EXCHANGE RATES IN SRI LANKA: EVIDENCE FROM ARDL APPROACH

Ediriwickrama, T.C.; Pathirana, U.S. (2021)

The relationship between stock returns and exchange rates is a widely discussed topic among scholars across the world. However, there is no universal agreement in this regard and many researchers offer mixed evidence ...

Illiquidity Based Factor Construction in Asset Pricing: An Analysis on Long Run Performance of Sri Lankan Initial Public Offering Stocks

Ediriwickrama, T.C.; Azeez, A.A. (2017)

IPO long run underperformance is a widely debated anomaly in corporate finance literature. Present study inquires whether above anomaly exists even after pricing for well known risk factors constructed based on size as ...

The Impact of the Civil War on IPO Stocks in Sri Lanka: Regression and Event Based Analysis

Ediriwickrama, T.C.; Azeez, A.A. (2016)

Sri Lanka suffered from a civil war for three decades and this conflict ended in 2009. This study examines the impact of 20 war related incidents on Sri Lankan Initial Public Offering (IPO) stocks from 2000 to 2009. ...

MULTI FACTOR EXPLANATION TO IPO LONG RUN UNDERPERFORMANCE ANOMALY: SRI LANKAN EVIDENCE

Ediriwickrama, T.C.; Azeez, A.A. (2015)

This paper focuses on IPO long run underperformance anomaly and the application of calendar time techniques to dissect anomalous behavior of IPO stocks. More specifically this paper will provide fresh evidence on how ...

INCOME DIVERSIFICATION AND BANK RISK-RETURN TRADE-OFF: EVIDENCE FROM AN EMERGING ECONOMY

Ekanayake, E. M. N. N.; Wanamalie, H. A. (AESS Publications, 2017)

This study examines the impact of bank income source diversification on risk-return trade off, of commercial banks in an emerging economy. Considering eleven commercial banks for the period from 2002 to 2015, the paper ...

IMPACT OF OWNERSHIP STRUCTURE ON BANK PERFORMANCE; EVIDENCE FROM SRI LANKA

Ekanayake, E.M.N.N.; Premerathne, D.G.P.V. (Asia Pacific Institute of Advanced Research (APIAR), 2016)

The banking sector in Sri Lanka plays a dominant role in the financial system that facilitates the development of the economy. The participation of private banks has been increased together with a series of financial ...

The Impact of Bank-Specific and Macroeconomic Factors on Non-performing Loans in Sri Lankan Commercial Banks

Ekanayake, N. (DAVID PUBLISHING, 2018)

The main purpose of this study is to ascertain the effect of bank-specific and macroeconomic factors on non-performing loans in systemically and non-systemically important commercial banks in Sri Lanka over 10 year’s ...

Do Commercial Banks Use Loan Loss Provisions to Smooth Their Income? Empirical Evidence from Sri Lankan Commercial Banks

Fernando, W.D.I.; Ekanayake, E.M.N.N. (American Research Institute for Policy Development, 2015)

Banking industry is one of the most profitable industries in Sri Lanka and lending operations constitute as the core banking business which is a highly risk area. As a tool to mitigate the credit risk that occurs in the ...

DETERMINANTS OF NON-PERFORMING LOANS IN LICENSED COMMERCIAL BANKS: EVIDENCE FROM SRI LANKA

Ekanayake, E.M.N.N.; Azeez, A.A. (AESS Publications, 2015)

This study investigates the determinant factors of ex-post credit risk considering non-performing loans (NPLs) as proxy variable in Sri Lanka’s commercial banking sector and is carried out with a sample of nine licensed ...

Element of Corporate Governance in Islamic Banks vs Conventional Banks: A Case Study

Wijethunga, I. I.; Ekanayake, E. M. N. N. (American Research Institute for Policy Development, 2015)

Corporate governance (CG) have gained a prominent place in the sustainability of any institution, be it a corporate or a bank. Individuals lack detailed knowledge on the applicability of CG and its aspects in Islamic Banks ...

The importance of ancillary services for residential mortgage borrowers in default in Sri Lanka

Rathnasingha, D.L.P. M.; Khatibi, A. (2013)

1. Introduction The demand for housing and housing finance is high and this basic need should be addressed by society. This study aims to provide insights into the loan customer’s use of ancillary services in relation ...

The effect of deemed dividend tax on dividend policy: evidence from Sri Lanka

Samarawickrema, M.D.D.P.; Rathnasingha, D.L.P.M. (2019)

This study aims to find the effect of the Deemed Dividend Tax (DDT) on the dividend payout policy of companies in Sri Lanka. The sample of the study comprises of 100 companies listed on the Colombo Stock Exchange, excluding ...

Revisiting External Pecking Order Hypothesis: Evidence from Sri Lankan Companies Capital Structure

Rathnasingha, D.L.P. M.; Heiyanthuduwa, C.P. (2019)

This research is based on pecking order theory, which is one of the major capital structure determinant theory, driven by the information asymmetry. The purpose of this research is to investigate whether the pecking ...

Past Presidential Elections and Colombo Stock Exchange

Rathnasingha, D.L.P.M.; Sivanathan, M. (2019)

. Introduction The stock market is an important part of any country’s economy that plays a pivotal role in the industrial growth by providing an optimum channelisation of funds 3/12 between the users and suppliers of ...

How demographics contribute to mortgage default: using binary logistic regression to draw inferences

Rathnasingha, D. L. P. M.; Khatibi, A. (2012)

. Introduction Housing is an indispensable human need. It is predictable as a basic need for shelter. It is apparent that habitable housing contributes to the health, efficiency, positive social behavior and general ...

Do Sell-Side Security Analysts Act as Prophets?

Rathnasingha, D. L. P. M.; Weerasinghe, N. (2021)

The investment banks, brokerage houses, and pension funds spend large amounts of capital to hire security analysts to predict earnings, stock recommendations, and target prices for their customers and public investors. ...

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