CAREER SUMMARY
Lakshman Alles is a Professor in the Faculty of Business. Prior to joining SLIIT, he was an Associate Professor and a former Head of the Department of Banking and Finance at Curtin University, Perth, Australia. He received his MBA and Ph.D. degrees in Finance from Washington State University, USA. He is a Fellow member of the Institute of Chartered Accountant of Sri Lanka, and a Fellow of FINSIA, the Securities Institute of Australia. He has held visiting appointments from time to time, at the International Monetary Fund, Washington D.C. and at Universities in Canada, USA, Ireland and Sri Lanka. He has served as a consultant to the Asian Development Bank and several Australian government agencies.
He has over forty publications to his credit in numerous refereed academic and industry journals.
ACADEMIC QUALIFICATIONS
- Ph.D. (Finance) Washington State University, WA. USA
- MBA (Finance) Washington State University, WA. USA
- FCA - Fellow Member of the Institute of Chartered Accountants of Sri Lanka
- F FIN - Fellow of FINSIA (Financial Services Institute of Australasia)
- Passed Finalist - Chartered Institute of Management Accountants (CIMA) U.K.
RESEARCH INTERESTS AND MEMBERSHIP
Research Interests
- Asset pricing theory and applications
- Portfolio management and investment strategies
- Asset securitisation and structured finance
- Developmental issues in financial markets
- Retirement finance
ONGOING RESEARCH
"Under-pricing of South-East Asian IPOs: An Investigation of the Relevance of Governance Quality Indicators"
“The Rewards for Exposure to Conditional Downside Risk”
PUBLICATIONS
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“An investigation of the usage of capital budgeting techniques by small and medium enterprises”
Lakshman Alles, Ruwan Jayathilaka, Nelum Kumari, Taraka Malalathunga, Hashini Obeyesekera & Selvaraj Sharmila ,
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Asset pricing and downside risk in the Australian share market
Alles L. and L. Murray , “Applied Economics ” , pp. 10
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Investment Performance and Holding Periods: An Investigation of the Major UK Asset Classes
Alles L. and L. Murray , “Journal of Asset Management”
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Risk Factors in the Sri Lankan Capital Markets
Alles L. and L. Murray , “Sri Lankan Journal of Management”
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Fair Value Accounting, Credit Ratings and Cyclicality: Implications for the Stability of Financial Institutions
Alles L., “JASSA: The Finsia Journal of Applied Finance”
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Non-Normality and Risk in Developing Asian Markets
Alles L. and L. Murray , “Review of Pacific Basin Financial Markets and Policies ”
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Design considerations for retirement savings and retirement income products
Alles L., “Pensions”
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Sustainable withdrawal rates during retirement and the risks of financial ruin
Alles L., “JASSA: The Finsia Journal of Applied Finance ” , pp. 30-36
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Rewards for downside risk in Asian markets
Alles L. and L. Murray , “Journal of Banking and Finance ” , pp. 9
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Modeling and Forecasting Mortality in Sri Lanka
Aberathna W., Alles L., Wickremasinghe W. N and Hewapathirana , “Sri Lankan Journal of Applied Statistics”
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Investment Horizons, Time Diversification and Sustainable Withdrawal Rates during Retirement Investing in UK Markets
Alles L. and L. Murray , “Accounting, Finance, and Governance Review” , pp. 1-18