Lalith Samarakoon

Full Professor, Finance

2115 Summit Ave
McNeely Hall 333
St. Paul, MN 55105

Ph.D., Finance, University of Houston
M.B.A., Finance, University of New Hampshire
B.Sc., Business Administration, University of Sri Jayewardenepura

See publications in UST Research Online

Lalith Samarakoon is a professor of finance and the chair of the Department of Finance. He also holds professional credentials as a chartered accountant and a certified financial analyst. Samarakoon teaches Contemporary Global Finance Issues, International Finance, Financial Management and Investments.

Samarakoon's primary area of research is international finance, with particular focus on emerging and frontier markets. He has published numerous scholarly articles in dealing with issues such as market liberalization and return volatility, investment behavior of investor classes, return predictability, relation between returns and inflation, interest rates and dividends, tests of asset pricing models, mean reversion in stock prices, ownership structure, capital structure, initial public offerings and stock market interdependence, contagion, and the U.S. financial crisis. He has also published four texts. His current research focuses on understanding financial and policy issues associated with financial crises, specially the European debt crisis.

Samarakoon is an international expert in financial sector and capital market development and government debt management. As a financial economist, he has worked with key multilateral organizations such as the World Bank, USAID and ADB, and financial market institutions, investment and commercial banks, and has held multiple leadership positions in academia and the private sector. He also has international leadership experience in business school restructuring and reforms, academic administration, corporate outreach, curriculum design, program development and management. He has received awards for excellence in teaching and research.

Fall 2014 Courses
Fall 2014 Courses
Crs - Sec Title Days Time Location
FINC 755 - 201 Global Finance Issues & Policy See Details * *
Description of course Global Finance Issues & Policy : CRN: 42987
This course critically examines the current finance and economic crises and issues faced by specific countries and the global financial system as a whole with a view to understand the causes, consequences, and implications of such issues and formulate appropriate policies to deal with, prevent, or mitigate such issues. The specific topics of this course may vary from year to year depending on the current global financial crises and issues, but will not duplicate existing courses. Prerequisite: FINC 600

Schedule Details

Location Time Day(s)
SCH 4211730-213010 Sep '14
SCH 4211730-213001 Oct '14
SCH 4211730-213022 Oct '14
SCH 4211730-213012 Nov '14
SCH 4211730-213003 Dec '14
J-Term 2015 Courses
J-Term 2015 Courses
Crs - Sec Title Days Time Location
FINC 752 - 201 Global Financial Services - - - - - - - -
Description of course Global Financial Services : CRN: 10179
This course is designed to blend theory and practice regarding the structure and markets of global financial services. Expert presenters in each location will present topics such as investment banking, commercial banking, investment theory and practice, institutional wealth management, insurance, risk management, real estate and other real assests, custodial and transaction processing, political risk, social environment, regional economics, and currency and monetary policy. The lead faculty will coordinate the analysis, synthesis, and evaluation of the course content by the students. Emphasis on the global market will provide students with a broad perspective of the global economy and its interrelationships. Location varies.

Schedule Details

Location Time Day(s)
Spring 2015 Courses
Spring 2015 Courses
Crs - Sec Title Days Time Location
FINC 600 - 203 Financial Management See Details * *
Description of course Financial Management : CRN: 21990
This course will focus on the financial management of business. It will cover the following subject matter: risk, return, evaluation, cost of capital, capital budgeting, long-term financing, capital structure theory, financial analysis and planning, and working capital management. The international aspect of financial management will be covered as it applies to the subject matter outlined above. -- Prerequisite: OPMT600, ACCT601, GBEC600

Schedule Details

Location Time Day(s)
MCH 1110800-120007 Feb '15
MCH 1110800-120028 Feb '15
MCH 1110800-120021 Mar '15
MCH 1110800-120018 Apr '15
MCH 1110800-120009 May '15
Academic and Professional Positions
  • Professor, University of St. Thomas, Mineapolis / St. Paul (2012 - present)
  • Department Chair - Finance, University of St. Thomas, St. Paul / Minneapolis (2011 - present)
  • Associate Professor, University of St. Thomas, St. Paul / Minneapolis (2001 - 2012)
  • Visiting Associate Professor, University of Houston, Houston (2000 - 2001)
  • Professor of Finance, University of Sri Jayewardenepura, (2000 - 2001)
  • Senior Lecturer in Finance, University of Sri Jayewardenepura, (1994 - 2000)
  • Assistant Professor of Finance, Alabama A&M University, (1993 - 1994)
  • Teaching Fellow in Finance, University of Houston, Houston (1989 - 1993)
  • Assistant Lecturer in Business Administration, University of Sri Jayewardenepura, (1985 - 1989)

Professional Memberships
  • American Finance Association
  • CFA Institute
  • Financial Management Association
  • Minnesota CFA Society
  • Global Finance Association
  • Sri Lanka Association for the Advancement of Science
  • Institute of Chartered Accountants of Sri Lanka

Professional Service
  • The African Finance Journal, Reviewer
  • International Journal of Management Science and Engineering Management, Reviewer
  • The Financial Review, Reviewer
  • Financial Management Association European Conference,
  • Journal of International Financial Markets, Institutions and Money, Reviewer
  • Journal of Multinational Financial Management, Reviewer
  • Journal of Multi-disciplinary Studies,
  • FMA-Financial Management Association,
  • Emerging Markets Finance and Trade, Reviewer

Publications
  • Fonseka, M. M., Samarakoon, L. P., & Tian, G. (2012). Equity financing capacity and stock returns: Evidence from China. Journal of International Financial Markets, Institutions and Money, (22), pp. 1277-1291
  • Samarakoon, L. P. (2011). Stock market interdependence, contagion, and the U.S. financial crisis: The case of emerging and frontier markets. Journal of International Financial Markets, Institutions and Money, (21)(2011), pp. 724-742
  • Samarakoon, L. P. (2010). The short-run underpricing of initial public offerings in Sri Lankan Stock market. Journal of Multinational Financial Management, (20), pp. 197-213
  • Samarakoon, L. P. (2010). Asymmetric investor behavior between buyside and sellside: Evidence from investor classes in the Sri Lankan stock market. Journal of Multinational Financial Management, (20), pp. 93-113
  • Samarakoon, L. P. (2009). The relation between trades of domestic and foreign investors and stock returns in Sri Lanka. Journal of International Financial Markets, Institutions and Money, pp. 850-861
  • Samarakoon, L. P., & Jaleel, F. M. (2009). Stock market liberalization and return volatility: Evidence from the emerging stock market of Sri Lanka. Journal of Multinational Financial Management, (19), pp. 409-423
  • Samarakoon, L. P. (2005). Portfolio performance evaluation. The Encyclopedia of Finance, (1), pp. 617-622
  • Samarakoon, L. P. (2004). Efficiency of the Sri Lankan stock market. Sri Lanka Journal of Business Economics, (1), pp. 1-22
  • Samarakoon, L. P., & Hasan, T. (2003). Altman's Z-Score models of predicting corporate distress: Evidence from the emerging Sri Lankan stock market. The Journal of the Academy of Finance, (1), pp. 119-125
  • Samarakoon, L. P., & Dissa Bandara, D. (2002). Dividend announcements, firm size and dividend growth in the Sri Lankan stock market. Sri Lankan Journal of Management, (7)(3 & 4), pp. 228-245
  • Samarakoon, L. P., & Hasan, T. (2000). Short-term interest rates and expected stock returns in Sri Lanka. (6), pp. 337-348
  • Samarakoon, L. P. (1999). The capital structure of Sri Lankan companies. Sri Lankan Journal of Management, (4), pp. 18-30
  • Samarakoon, L. P. (1999). The ownership structure of Sri Lankan companies. Sri Lankan Journal of Management, (4), pp. 143-171
  • Samarakoon, L. P., Hasan, T., & Hasan, S. (1999). Stock price behavior in a less developed market: Evidence from Sri Lanka. Journal of Applied Business Research, (16), pp. 15-23
  • Samarakoon, L. P. (1998). An Index to measure the performance of the Sri Lankan Treasury bond market. Sri Lankan Journal of Management, (3), pp. 204-220
  • Samarakoon, L. P. (1998). Indices to measure the performance of the Sri Lankan corporate bond market. Sri Lankan Journal of Management, (3), pp. 186-203
  • Samarakoon, L. P. (1997). The cross-section of expected stock returns in Sri Lanka. Sri Lankan Journal of Management, (2)(3), pp. 233-250
  • Samarakoon, L. P. (1997). Stocks, bills and inflation in Sri Lanka. (8), pp. 17-183
  • Samarakoon, L. P. (1996). Stock market returns and inflation: Sri Lankan evidence. Sri Lankan Journal of Management, (1), pp. 293-311
  • Samarakoon, L. P. (1996). Predictability of short-horizon returns in the Sri Lankan stock market. Sri Lankan Journal of Management, (1), pp. 207-224
  • Samarakoon, L. P. (1996). Credit rating factors for corporate bonds. (6), pp. 16-20
  • Samarakoon, L. P., & Hosseini, J. (1989). Decision support systems for drilling oil wells. (13), pp. 101-110

Books and Chapters
  • Samarakoon, L. P. (2010). Debt securities: Markets, instruments and analysis, 1st ed... Sri Lanka Sri Lanka: Securities & Exchange Commission of Sri Lanka
  • Samarakoon, L. P. (2010). Equity securities: Theory and practice, 1st ed. Sri Lanka Sri Lanka: Securities & Exchange Commission of Sri Lanka
  • Samarakoon, L. P. (2010). The financial market in Sri Lanka (Tamil translation), 1st ed.. Colombo, Sri Lanka Colombo, Sri Lanka: Securities and Exchange Commission of Sri Lanka
  • Samarakoon, L. P. (2009). The financial market in Sri Lanka - 1st ed. Sinhala Sinhala: Securities and Exchange Commission of Sri Lanka
  • Samarakoon, L. P. (2005). Securities market in Sri Lanka, 4th ed. Sri Lanka Sri Lanka: Sri Lanka Securities & Exchange Commission

Research Interests
  • Global Finance

Presentations