Dr Nirosha Hewa Wellalage

Nirosha Hewa Wellalage

Senior Lecturer in Finance
Undergraduate Convenor, Finance


Corporate Governance; Corporate Social Responsibility; Finance; Sustainability

Small Business ; Developing economies

Qualifications: BSC, University of Ireland; MBA, University of Keele, UK, PhD in Finance, University of Waikato

Contact Details

Email: [email protected]
Room: MSB.2.08
Phone: +64 7 838 4196

Papers Taught

About Nirosha

Dr Nirosha Wellalage has had several years of experience in the finance industry before moving to the University of Waikato. Her main research centres on issues related to corporate finance practices.

The substantive areas of her research include firm-level corporate governance, small business, and emerging markets finance. She has published several articles in leading international journals including the Journal of Business Ethics, Small Business Economics, International Review of Financial Analysis, and Applied Economics.

Nirosha is keen on supervising interesting empirical Ph.D. projects in finance. Supervision queries related broadly to the following research areas will be prioritised:

  • SMEs and family firms
  • Financial crimes, bribes, and corruption
  • Firm-level innovations and emerging markets
  • Financial inclusion of minority groups (SMEs, women, and refugees)
  • Firm-level CSR, sustainability and access to financing

Dr Nirosha received an early career research excellence prize in Modelling and Simulation Society of Australia and New Zealand (MSSANZ)2019.

Also,  in 2019 she received the Accounting and Finance Association of Australia and New Zealand (AFAANZ)  Research Grants.

Research Supervised

Doctor of Philosophy

  1. Dilip Jha Kumar, PhD thesis- Improving Corporate Governance in Nepalese Financial institutions to Promote Growth and Performance -Passed 2017
  2. Francis Agyekum, PhD thesis A trajectory of financial inclusion towards economic inclusion; empirical evidence from Licsghana as a case- Passed 2017
  3. Samir Harith, PhD thesis – Full enrolment The Development of a Performance Evaluation Framework for Start-up Entrepreneurship Financing Initiatives- Passed 2018
  4. Yimei Man, PhD thesis – Full enrolment Agency cost and earning management in Chinese listed companies -Passed 2019
  5. Polypailin Kijasiwat, PhD thesis – Full enrolment Capital Structure and Financial Performance: Small and Medium Enterprises (SMEs) in Thailand -Passed 2019
  6. Mercy Kiremu, Phd thesis-Climate Finance Instruments and Kenyan Agriculture-Submitted 2019 (Ongoing)

I also regularly supervise Summer Research Scholarships.

Research Interests

Corporate Governance,

Small Business Finance

CSR and Sustainability

Emerging Markets

Recent Publications

  • Hewa Wellalage, N., & Locke, S. (2020). Formal credit and innovation: Is there a uniform relationship across types of innovation?. International Review of Economics and Finance, 70, 1-15. doi:10.1016/j.iref.2020.07.004

  • Hewa Wellalage, N., Fernandez, V., & Thrikawala, S. (2020). Corruption and innovation in private firms: Does gender matter?. International Review of Financial Analysis, 70. doi:10.1016/j.irfa.2020.101500

  • Benjamin, S., Regasa, D. G., Hewa Wellalage, N., & Marathamuthu, M. S. (2020). Waste disclosure and corporate cash holdings. Applied Economics, 52(49), 5399-5412. doi:10.1080/00036846.2020.1764480

  • Hewa Wellalage, N., Locke, S., & Samujh, H. (2020). Firm bribery and credit access: Evidence from Indian SMEs. Small Business Economics, 55, 283-304. doi:10.1007/s11187-019-00161-w

Find more research publications by Nirosha Hewa Wellalage