Ms. Madushani Gunathilake

Ms. Madushani Gunathilake

Senior Lecturer Grade II (On study leave)

Google Scholar

Academic Qualifications

  • PhD:
    PhD in Accounting, University of Glasgow, United Kingdom (2023-2027)
  • Master's:
    MSc in Applied Finance, University of Sri Jayewardenepura, Sri Lanka Thesis: The Impact of Corporate Governance on the Corporate Dividend Policy of Listed Non-financial Companies in Sri Lanka
  • Master's:
    MSc in Applied Statistics, University of Peradeniya, Sri Lanka Research Project: Long Memory in Stock Market Returns: Evidence from Sri Lanka
  • Bachelor's:
    BBA (Financial Management) Special Degree with a first class honors, University of Peradeniya, Sri Lanka Thesis: Effectiveness of Audit Committee Practices in Sri Lanka with Reference to Listed Companies

Areas of Teaching

  • Accounting
  • Taxation

Research Interests

  • Critical Accounting Research, Accountability, Governance
  • Development Studies, Sustainable Development, Sustainable Development Goals
  • Research Impact
  • Research Impact

Publications and Research Projects

  • Gunathilake, P.T.M. and Ranasinghe, M. (2018). Effectiveness of Audit Committees: Evidence from Listed Companies in Sri Lanka. Peradeniya Management Review, 1(1), pp.51–66. DOI: http://doi.org/10.4038/pmr.v1i1.26
  • Presentation at the 3rd Annual Doctoral Colloquium, Interdisciplinary Perspectives Special Interest Group (IPSIG), British Accounting & Finance Association (BAFA), Hybrid at the University of Dundee, UK (04 Jul 2025)
  • Presentation at the PhD Student Masterclass, Development Studies Association Conference (DSA2025), Hybrid at University of Bath, UK (24 Jun 2025)
  • Presentation at the Panel Session 1 (P33)- Rethinking evaluation in times of crisis: empowerment, accountability and transformation in the Global North and South, Development Studies Association Conference (DSA2025), Hybrid at University of Bath, UK (25 Jun 2025)
  • Presentation at the Scottish Doctoral Colloquium in Accounting & Finance, The Scottish Graduate School of Social Science (SGSSS) and British Accounting & Finance Association (BAFA) at the University of Dundee, UK (04 Jun 2025)
  • Presentation at the Development Studies Association (DSA) Scotland Research Conference withCAREED (Centre for African Research on Enterprise and Economic Development) and PCRC (Protracted Crisis Research Centre) 2024 at the University of West of Scotland, UK (06 Sep 2024)
  • Presentation at the Emerging Scholars Colloquium of 14th Interdisciplinary Perspectives on Accounting (IPA) Conference 2024 (02 Jul 2024)
  • Edirisinghe, V. and Gunathilake, M. (2021). The Impact of Working Capital Management on Profitability: A Study on Banks and Finance Companies Listed on the Colombo Stock Exchange. Proceedings of the Second Peradeniya University International Management Research Sessions (iPUMSE), Faculty of Management, University of Peradeniya, Sri Lanka, 2(1), pp.276-281. ISSN: 2714-1403 (26 Nov 2021)
  • Gunathilake, M. (2016). Impact of the exchange rate regime change on the value of Sri Lanka currency. Proceedings of the Peradeniya University International Research Sessions (iPURSE - 2016), University of Peradeniya, Sri Lanka, 20(1), pp. 33. ISBN 978-955-589-225-4
  • Gunathilake, M. (2016). Impact of Corporate Governance Practices on Firm Performance: With Reference to Listed Companies in an Emerging Market. Proceedings of the International Conference–2016 on Corporate Finance, Governance &Sustainability, Delhi School of Business, India. 1(1), pp. 33.
  • Gunathilake M. & Ranasinghe M. (2015). Audit Committee Effectiveness in Sri Lanka: With Reference to Listed Companies. Proceedings of the 4th International Conference on Management and Economics, ICME - 2015, Faculty of Management and Finance, University of Ruhuna, Sri Lanka. pp.44-56. ISBN 978-955-1507-39-8
  • Gunathilake, M. and Ranasinghe, M. (2015). An Exploration of the Composition and Roles of Audit Committees in Sri Lankan Listed Companies. Proceedings of the Peradeniya University International Research Sessions (iPURSE - 2015), University of Peradeniya, Sri Lanka, 19(1), pp. 43. ISBN 978-955-589-201-8
  • Gunathilake, P.T.M. (2018). Efficient Market Hypothesis: The Way Forward. Management Reader, Faculty of Management, University of Peradeniya, Sri Lanka, 1(2), pp.14-16. https://mgt.pdn.ac.lk/mreader/index.php

Direct Contact

madushani@mgt.pdn.ac.lk
+94 81 239 4011

Memberships & Awards

  • Member, Centre for Social and Environmental Accounting Research (CSEAR) https://csear.co.uk/
  • Mentee, Thesis Mentoring Programme ttps://www.gla.ac.uk/myglasgow/ris/researcherdevelopment/forresearchstaff/engagewithmentoring/
  • Member, Development Studies Association, UK https://www.devstud.org.uk/
  • Member, European Association of Development Research and Training Institutes (EADI) https://www.eadi.org/
  • Member, The Poverty Alliance, Glasgow, UK https://www.povertyalliance.org/
  • Member, European Accounting Association (EAA) https://eaa-online.org/
  • Student Affiliate Member, The American Institute of Certified Public Accountants (AICPA) https://www.aicpa-cima.com/feed
  • Member, British Accounting & Finance Association (BAFA) https://bafa.ac.uk/
  • Member, Sri Lanka Finance Association https://slfa.lk
  • Member, Sri Lanka Finance Association https://slfa.lk
  • Best Research Awards 2022 (Postgraduate Category) | First Runner-up
    Institute of Applied Statistics, Sri Lanka, incorporated by the Parliament of Sri Lanka on 20th Sep 2011 by the Institute of Applied Statistics, Sri Lanka (Incorporation) Act No. 38 of 2011 https://iassl.lk
  • Best Research Awards 2021 (Postgraduate Category) | Second Runner-up
    Institute of Applied Statistics, Sri Lanka, incorporated by the Parliament of Sri Lanka on 20th Sep 2011 by the Institute of Applied Statistics, Sri Lanka (Incorporation) Act No. 38 of 2011 https://iassl.lk