Copyright 2019 © SLIIT. All Rights Reserved. Concept designed and developed by Web Lankan



Prof. Lakshman Alles


Faculty of Business | Business Management

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.


  • 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 Memberships

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”

My Publications

Journal Publications

  • Alles L. and L. Murray  " Investment Horizons, Time Diversification and Sustainable Withdrawal Rates during Retirement Investing in UK Markets "  Accounting, Finance, and Governance Review,  vol.23,  Issue 1,  2017,  pp.1-18,      
  • Aberathna W., Alles L., Wickremasinghe W. N and Hewapathirana  " Modeling and Forecasting Mortality in Sri Lanka "  Sri Lankan Journal of Applied Statistics,  vol.15,  Issue 3,  2014,        
  • Alles L. and L. Murray  " Rewards for downside risk in Asian markets "  Journal of Banking and Finance ,  vol.37,    2014,  pp.9,      
  • Alles L.  " Sustainable withdrawal rates during retirement and the risks of financial ruin "  JASSA: The Finsia Journal of Applied Finance ,    Issue 4,  2012,  pp.30-36,      
  • Alles L.  " Design considerations for retirement savings and retirement income products "  Pensions,  vol.16,  Issue 1,  2011,        
  • Alles L. and L. Murray  " Non-Normality and Risk in Developing Asian Markets "  Review of Pacific Basin Financial Markets and Policies ,  vol.13,  Issue 4,  2010,        
  • Alles L.  " Fair Value Accounting, Credit Ratings and Cyclicality: Implications for the Stability of Financial Institutions "  JASSA: The Finsia Journal of Applied Finance,    Issue 3,  2009,        
  • Alles L. and L. Murray  " Risk Factors in the Sri Lankan Capital Markets "  Sri Lankan Journal of Management,  vol.14,  Issue 1,  2009,        
  • Alles L. and L. Murray  " Investment Performance and Holding Periods: An Investigation of the Major UK Asset Classes "  Journal of Asset Management,  vol.10,  Issue 5,  2009,        
  • Alles L. and L. Murray  " Asset pricing and downside risk in the Australian share market "  Applied Economics ,  vol.49,  Issue 43,  2017,  pp.10,      
  • Lakshman Alles, Ruwan Jayathilaka, Nelum Kumari, Taraka Malalathunga, Hashini Obeyesekera & Selvaraj Sharmila  " "An investigation of the usage of capital budgeting techniques by small and medium enterprises " "        2020,        

si_LKSinhala ta_INTamil en_USEnglish