Gunarathna K.G.P.V., (Mr.)

Reading for PhD (Sjp, SL), MSc (Agder, Norway), BBA (Ruh, SL),

vijitha
Senior Lecturer 
Department of Accountancy
Faculty of Management and Finance
University of Ruhuna, Matara
Sri Lanka

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Mobile: +94 777935941
Fixed Phone: +94 41 2222681/2 (Ext:15300)

BIOGRAPHY

Mr. K.G.P.V Gunarathna is a Senior Lecturer I in the Department of Accountancy, Faculty of Management and Finance, University of Ruhuna, Sri Lanka. He holds a Bachelor of Business Administration (Accounting) from the University of Ruhuna and a Master of Science in Business Administration from the University of Agder, Norway. Mr. Gunarathna has established a strong research profile through publications in internationally recognized peer-reviewed journals. He has presented a substantial number of research papers at prestigious international and local conferences. He also serves as a reviewer for several international peer-reviewed journals and international academic conferences. He continues to make significant contributions to the advancement of accounting education and research in Sri Lanka.

JOURNAL PAPERS & BOOK SECTIONS

Gunarathna, V., Kuruppu, C., Silva, H., & Fernando, A. (2026). Elite Capture and Control In Participatory Budgeting: Evidence from a Sri Lankan Municipality. International Journal of Accounting & Business Finance, 12(1), 336-360.
Chamika, P. S., & Gunarathna, K. (2026). FDI and Stock Market Performance in Sri Lanka: Short-and Long-Run Effects. South Asian Journal of Finance, 6(1), 59- 75.
Gunarathna, V. (2025). Book Review: The Routledge Companion to Behavioural Accounting Research, edited by Theresa Libby and Linda Thorne (Routledge publisher, 2018, pages 528). Asian Journal of Management Studies, 5(1).
Gunarathna, V., Kuruppu, C., Silva, H., & Fernando, A. (2025a). Exploring Institutional Logics in Participatory Budgeting: A Case Study of A Local Government in Sri Lanka. Journal of University of Ruhuna, 13(1), 72-92.
Gunarathna, V., Kuruppu, C., Silva, H., & Fernando, A. (2025b). The Interplay of Habitus and Capital in the Resource Distribution of Participatory Budgeting in a Sri Lankan Local Government. South Asian Journal of Business Insights, 4(2), 3- 23. doi: https://doi.org/10.4038/sajbi.v4i2.67
Hirudika, F., & Vijitha, G. (2025). Integrated Reporting and Firm Value: Empirical Evidence from Sri Lankan Licensed Finance Companies. International Journal of Accounting and Business Finance, 11(2), 113-129.
Indumini, W., & Vijitha, G. (2025). Ownership Structure and Firm-Specific Characteristics and Their Impact on Dividend Policy: Evidence from Colombo Stock Exchange in Sri Lanka. Vavuniya Journal of Business Management, 8(2), 55-77.
Gunarathne, K. G. P. V., Gunawardana, T. S. L. W., Indrani, M. W., Sriyani, G. T. W., & Mafasia, M. B. F. (2024). A Failed Attempt of Implementing Sustainable Waste Management Practices: A Study of Local Government in the Southern Province of Sri Lanka. Journal of Accountancy & Finance, 11(ii).
Indrani, M. W., Mafasia, M. B. F., Gunawardana, T. S. L. W., Sriyani, G. T. W., & Gunarathne, K. G. P. V. (2024). The Role of Central Environmental Authority in Managing Solid Waste in Sri Lanka. Journal of Accountancy & Finance, 11(ii).
Lakruwani, K. B., & Gunarathna, K. G. P. V. (2024). Impact of Accounting Information on Stock Price: Evidence from Colombo Stock Exchange. Journal of Accountancy & Finance, 11(ii).
Gunarathna, V. (2018). Factors affecting revolving credit card user in Sri Lanka. Ruhuna Journal of Management and Finance, 2(1), 67-81.
 Kuruppu, C., Adhikari, P., Gunarathna, V., Ambalangodage, D., Perera, P., & Karunarathna, C. (2016). Participatory budgeting in a Sri Lankan urban council: A practice of power and domination. Critical Perspectives on    Accounting, 41, 1-17.
Gunarathna, V. (2016). How does financial leverage affect financial risk? An empirical study in Sri Lanka. Amity Journal of Finance, 1(1), 57-66.

CONFERENCE PROCEEDINGS & PRESENTATIONS

 Gunarathna V. (2026). Budget Priorities and Circular Economy Challenges in Local Government Waste Management: Evidence from Sri Lanka (Abstract). Paper presented at the Wayamba Conference in Management (WAYACiM), Faculty of Business Studies and Finance, Wayamba University of Sri Lanka.
 Abeyrathne D. C., & Gunarathne, V. (2026). Sustainability Reporting and Financial Performance: Evidence from Sri Lankan Material and Capital Goods Sectors. Paper presented at the International Conference on Management and Economics, Faculty of Management and Finance, University of Ruhuna, Sri Lanka.
 Indumini Wimalagunarathna and Vijitha Gunarathna. (2025). “The Impact of Ownership Structure and Firm-Specific Characteristics on Dividend Policy: With Special Reference to the Food, Beverage, and Tobacco Industry and the Capital Goods Industry in Sri Lanka” Paper presented at the International Undergraduate Finance Research Conference 2025 (IUFRC). University of Ruhuna.
 Weerakkody, D. I. D., & Gunarathna, K. G. P. V. (2025). The Impact of Intellectual Capital on the Financial Performance of Licensed Commercial Banks in Sri Lanka with the Moderating Impact of Sustainable Competitive Advantage Paper presented at the 21st International Conference on Business Management (ICBM 2025) Faculty of Management Studies and Commerce University of Sri Jayewardenepura Colombo, Sri Lanka.
 Chamika, P. H. S., & Gunarathna, K. G. P. V. (2024). Impact of FDI on Stock Market Performance in Sri Lanka. Paper presented at the International Conference on Management and Economics, Faculty of Management and Finance, University of Ruhuna, Sri Lanka.
Fernando, H., & Gunarathna, K. G. P. V. (2024). Impact of Integrated Reporting on Firm Value: Empirical Evidence from Licensed Finance Companies in Sri Lanka. Paper presented at the International Conference on Management and Economics, Faculty of Management and Finance, University of Ruhuna, Sri Lanka. 
Gunarathna V, Kuruppu C, Silva H, & Anil, F. (2024). Institutional Logics in Participatory Budgeting: Evidence from a Sri Lankan Local Government. Paper presented at the 8th International Conference on Contemporary Management (ICCM-2024), University of Jaffna. 
 Lakruwani, K. B., & Gunarathna, K. G. P. V. (2024). Value Relevance of Accounting Information, Firm Size, and Firm Leverage on Stock Price: With Special Reference to Listed Food, Beverage & Tobacco Companies and Consumer Services Companies in Sri Lanka. Paper presented at the International Conference on Management and Economics, Faculty of Management and Finance, University of Ruhuna, Sri Lanka.
Gunarathna V, Kuruppu C, Silva H, & Anil, F. (2023). Elite Domination in Sri Lankan Participatory Budgeting: Evidence from a Sri Lankan Local Government (Abstract). Paper presented at the 6th Annual Research Symposium in Management,, Faculty of Business Studies and Finance, Wayamba University of Sri Lanka. 
Gunarathne, K. G. P. V., Gunawardana, T. S. L. W., Indrani, M. W., Sriyani, G. T. W., & Mafasia, M. B. F. (2023). Sustainable waste management practices: A failed attempt of local governments in the Southern Province of Sri Lanka (Abstract). . Paper presented at the International Research Symposium 2023, University of Vocational Technology, Sri Lanka. 
Indrani, M., W, , Gunawardana, T. S. L. W., Gunarathne, K. G. P. V., Sriyani, G. T. W., & Mafasiya Fairoz, F. (2023). The Role of CEA in Managing Solid Waste in Sri Lanka (Abstract). . Paper presented at the International Research Symposium 2023, University of Vocational Technology, Sri Lanka. 
Mafasiya Fairoz, F., Gunawardana, T. S. L. W., Sriyani, G. T. W., Indrani, M. W., & Gunarathne, K. G. P. V. (2023). Circular Entrepreneurship for Shared Value Creation: Explore Multiple Case Studies from Southern Sri Lanka. Paper presented at the International Research Symposium 2023, University of Vocational Technology, Sri Lanka. 
 Sriyani, G. T. W., Gunawardana, T. S. L. W., Mafasiya Fairoz, F., Gunarathne, K. G. P. V., & Indrani, M. W. (2023). Value Chain Development for Municipal Solid Waste Management in Sri Lanka: An Integrated Approach for Sustainable Urban Development. Paper presented at the International Research Symposium 2023, University of Vocational Technology, Sri Lanka.
Wijesekara, W. A. D. S., Gunawardana, T. S. L. W., Sriyani, G. T. W., Indrani, M. W., Mafasiya Fairoz, F., & Gunarathne, K. G. P. V. (2023). Determinants of Households’ Pro-Environmental Behavior on Solid Waste Management: Towards Circular Economy in Sri Lanka. Paper presented at the International Research Symposium 2023, University of Vocational Technology, Sri Lanka. 
Vijitha, G. (2021). Revitalizing Grassroots Democracy: A Failed Attempt from a Sri Lankan Municipal Council [Abstract]. Paper presented at the Proceedings of 18th Academic Sessions 2021, University of Ruhuna, Matara. 
Chethana, D., & Gunarathna, V. (2020). Value Relevance of Accounting Information on Stock Price: With Special Reference to Colombo Stock Exchange. Paper presented at the 7th International Conference on Business Management, Pakistan. 
Thaksarani, I., & Gunarathna, V. (2020). Working Capital Policies on Firm’s Profitability: Empirical Evidence from Listed Companies in Sri Lanka. Paper presented at the 7th International Conference on Business Management, Pakistan. 
 Gunarathna, V., Kuruppu, C., & Ambalangodage, D. (2020). Institutional Logics in the Process of Implementing Participatory Budgeting in a Sri Lankan Local Government. Paper presented at the 5th Comparative Asia Africa Governmental Accounting (CAAGA) Conference 2020, Indonesia.
Gunarathna, V., Ambalangodage, D., & Kuruppu, C. (2020). Diffusion of Participatory Budgeting in a Sri Lankan Local Government: What can be learnt? . Paper presented at the 5th Comparative Asia Africa Governmental Accounting (CAAGA) Conference 2020, Indonesia.
Gunarathna, V. (2016). The Determinants of Outstanding Balances among Credit Card Holders: Evidence from Sri Lanka. . Paper presented at the 5th International Conference on Management and Economics 2016, Faculty of Management and Finance, University of Ruhuna, Sri Lanka. 
Gunarathna, V. (2014). Determinants of Expected Rate of Return on Common Stock: An Empirical Study in Sri Lanka. Paper presented at the International Conference on Management and Economics, Faculty of Management and Finance, University of Ruhuna, Sri Lanka. 
Gunarathna, V. (2013). Degree of Financial Leverage as a Determinant of Financial Risk: An Empirical Study in Sri Lanka. . Paper presented at the 2nd International Conference on Management and Economics-Faculty of Management and Finance, University of Ruhuna, Sri Lanka. 

ACADEMIC SOCIETY MEMBERSHIP

Reviewer-International Conference on Management and Economics, Sri Lanka (ICME 2013,2016, 2018, 2019, 2020, 2021)
Ad hoc Reviewer- Academic Sessions of University of Ruhuna, Sri Lanka
Career Guidance Advisor – Faculty of Management and Finance (2020/2021)
Member of the syllabus revision committee, BBA Degree Program, Faculty of Management and Finance, University of Ruhuna, 2017
Member of the committee on developing specialization stream in Finance to the BBA degree program, Faculty of Management and Finance, University of Ruhuna
Member of the proposal writing committee on establishing of Department of Finance,
Member of Internal Quality Assurance Cell, Faculty of Management and Finance, University of Ruhuna, 2017-2021
Faculty Coordinator- 12th Academic Sessions and 11th Vice Chancer’s Award, University of Ruhuna (2014)
Student Counsellor, Faculty of Management and Finance, University of Ruhuna – (2012, 2020)
 

CAREER PATH

2015- Up to date- Senior Lecturer II Department of Accounting and Finance, Faculty of Management and Finance, University of Ruhuna
2010-2015 – Lecturer: Faculty of Management and Finance, University of Ruhuna
2008-2010 – Temporary Assistant Lecturer: Faculty of Management and Finance, University of Ruhuna
2007-2008 – Assistant Accountant: Sierra Readymix (pvt.) Ltd. Colombo, Sri Lanka -
 

OUTREACH ACTIVITIES

Senior Treasurer - Teachers’ Union of Faculty of Management and Finance (2019/2020).
Chief Examiner for Accounting Subject, G.C.E. Advanced Level Examination, Sri Lanka Examination Department, Sri Lanka (2013-up to date)
Resource Person for the Advanced Level Teachers Training Workshop, conducted by Faculty of Management and Finance, the University of Ruhuna with the collaboration of the Department of Education, Southern Province, 2017
Resource Person - Teachers Training Programme (G.C.E. Advanced Level) for Accounting in Southern Province organized by the Department of Education- Southern Province, 2014
Resource Person workshop on “Formatting documents and reference management” for undergraduate of Faculty of Management and Finance organized by Career Guidance Unit, University of Ruhuna, 2020
 Member of the Judge panel of selecting the Best entrepreneur Award 2013, Hambantota District Chamber of Commerce (HDCC)

Teaching involvements

Computer Applications in Accounting
Financial Management
Financial Accounting
Project Management
Public Sector Accounting and Finance
Financial Statement Analysis
Macroeconomics
 
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