Ariyasena D.L.M.N.K., (Ms)

 M.Sc. in (Management), CPA Australia, BBA (Hons) in (Accounting), Dip. in Management Accounting (CIMA)


Lecturer
Department of Accounting
Faculty of Management and Finance
University of Ruhuna, Matara
Sri Lanka

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BIOGRAPHY

Madhavi Ariyasena is a Lecturer attached to the Department of Accountancy, Faculty of Management and Finance, University of Ruhuna, Sri Lanka, where she has been serving since November 2021. She obtained her Bachelor of Business Administration (Honours) in Accounting from the University of Ruhuna and later completed her Master of Science in Management at the University of Sri Jayewardenepura. Her research interests primarily focus on Circular Economy, Sustainability Accounting, and Financial Accounting.

RESEARCH AND PUBLICATIONS

Journal Article

Ariyasena, D. L. M. N. K. (2021). Short- and long-term Determinants of the Growth of Commercial Bank Deposits in an Emerging South Asian Economy: Sri Lanka. South Asian Journal of Finance. DOI: 10.4038/sajf.v1i2.36
Madhushanka. K.P., Ariyasena D.L.M.N.K., Nexus between Corporate Social Responsibility, Innovation, and Firm Financial Performance of the Manufacturing Companies In Sri Lanka
 

Full Paper Conference Proceedings

Ariyasena, D.L.M.N.K. (2025) Challenges of Adopting Circular Economy Business Models in Sri Lankan Manufacturing Companies Paper presented at the International Scientific Conference on Economics, Management & Business, University of Presove, Slovakia.
Ariyasena, D.L.M.N.K. (2025) Unveiling the Influence of Sustainability Control System on the adoption of Circular Economy Business Models: A mixed Method Approach Paper presented at the International Conference on Emerging Financial Markets and Policy, Sri Lanka Finance Association
Mishra, K.F.; Ariyasena, D.L.M.N.K. Impact of Integrated Reporting Disclosures on the Value Relevance of Accounting Information. Paper presented at the International Conference of Management and Economics, University of Ruhuna. http://ir.lib.ruh.ac.lk/handle/iruor/19918
Ariyasena, D. L. M. N. K. (2021). Effect of Microfinance on Profitability of Commercial Banks of Sri Lanka. Paper presented at the National Research Symposium on Management, Faculty of Management Studies, Rajarata University of Sri Lanka. http://ritigala.rjt.ac.lk/mgt/nrsm/booklet.pdf
De Silva, M., & Ariyasena, D. L. M. N. K. (2021). Impact of Dividend Announcement on Share Price: With special reference to THE Beverage, Food and Tobacco Sector in Colombo Stock” Exchange. International Conference on Business Management, Faculty of Management and Commerce, University of Sri Jayewardenepura. https://doi.org/10.31357/icbm.v18.5798
Thisaranga, K., & Ariyasena, D. L. M. N. K. (2021). Effect of CAMEL model on Bank Performance: with special reference to listed commercial banks in Sri Lanka. International Conference on Business Research. Faculty of Business, University of Moratuwa. http://dl.lib.uom.lk/handle/123/16864
Ariyasena, D.L.M.N.K. (2022). Micro-Level Determinants and Profitability of the Licensed Long-Term Insurance Companies in Sri Lanka, International Research Conference of KDU. http://ir.kdu.ac.lk/handle/345/6306
Ariyasena, D.L.M.N.K., Jayarathne T.A.N.R. (2019). E- Banking and Financial Performance of the Domestic Commercial Banks in Sri Lanka. 8th International Conference on Management, University of Ruhuna. Full Paper Conference Proceedings. http://ir.lib.ruh.ac.lk/xmlui/handle/iruor/133?show=full

Abstract

Ariyasena, D. L. M. N. K. (2021). Effect of Microfinance on Profitability of Commercial Banks of Sri Lanka. Paper presented at the National Research Symposium on Management, Faculty of Management Studies, Rajarata University of Sri Lanka
Dulmi Wellage., Ariyasena, D.L.M.N.K. (2025) The Relationship Between Corporate Governance and Sustainability Reporting Quality: Evidence from Listed Companies on the Colombo Stock Exchange in Sri Lanka. Paper presented at the 5th International Undergraduate Finance Research Conference, Sri Lanka Finance Association
Madushika M.A.H., Ariyasena, D.L.M.N.K. (2025) The Impact of Cooperate Governance Mechanism on Integrated Reporting Quality: Evidence from Licensed Domestic Commercial Banks in Sri Lanka. Paper presented at the 5th International Undergraduate Finance Research Conference, Sri Lanka Finance Association

PROFESSIONAL MEMBERSHIPS

Associate Member of Certified Practicing Accountant (CPA Australia).

AWARDS

Best Paper Award

Ariyasena, D.L.M.N.K. (2025) Unveiling the Influence of Sustainability Control System on the adoption of Circular Economy Business Models: A mixed Method Approach Paper presented at the International Conference on Emerging Financial Markets and Policy, Sri Lanka Finance Association
Madushika M.A.H., Ariyasena, D.L.M.N.K. (2025) The Impact of Cooperate Governance Mechanism on Integrated Reporting Quality: Evidence from Licensed Domestic Commercial Banks in Sri Lanka. Paper presented at the 5th International Undergraduate Finance Research Conference, Sri Lanka Finance Association

ACADEMIC AND SOCIETY INVOLVEMENT

Department Coordinator – Dissertation
Member of Department Curriculum Revision Committee
Coordinator - Professional bodies Exemptions Committee (CASL, CIMA, CIT)
Member of Sports Advisory Board
Member of Innovation Club Advisory Board
Co-Secretary - International Conference on Management and Economics 2026
Former Department Coordinator – Internship (2022-2025)
Former Department Coordinator of CIACC Scholarship Committee, Circle of Accounting (2022-2025)
Former Member of CAMFO : Capital Market Forum 2025 (Inter-University Short Video Competition which was sponsored by Colombo Stock Exchange)
Former Coordinator – Business Forum: International Conference on Management and Economics 2024
Former Chair – Finance Committee: International Conference on Management and Economics 2023 & 2025
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