Research in Finance and Economics at Queens University Belfast

Professor Donal McKillop (Summary profile)

Donal McKillop is Professor of Financial Services at Queen’s University Belfast. At Queen’s he is the programme director for the undergraduate BSc Finance degree and the postgraduate MSc in Risk Management and Financial Regulation. His subject specialisms are Derivative Instruments, Financial Institutions and Markets and Financial Regulation. Donal’s research interests are in the areas of financial institutions and markets and pensions risk. He has published in both areas. In the last four years Donal has also completed commissioned research on financial co-operatives for the Royal Irish Academy, the Joseph Rowntree Foundation and the Scottish Executive. He is currently commissioned by Credit Union Central Canada and the Filene Research Institute in the US to examine the governance of Canadian and US credit unions.

Outside of his academic role at Queen’s Donal is currently (i) a member of the Financial Services Sector: Future Skills Action Group, established by the Department for Employment and Learning to explore the specific skills and training needs of the financial services sector (ii) a member of the research committee of the European Association of Cooperative Banks (Brussels) (iii) advisor to the Minister of Finance (Ireland) on credit union policy (CUAC) and (iv) Chair of the Irish Commission on Credit Unions (June 2011 to March 2012.

Detailed below is a sample of some of Donal’s published work over the last five years

(i) JOURNAL ARTICLES

Ward A.M. and McKillop, D.G., (2006), “The Pattern of Subsidisation and Assistance Received by Credit unions in Northern Ireland, Journal for Public and Nonprofit Services, Beiheft 34, 2006, pp. 89-100.

Glass, J.C. and McKillop, D.G., (2006) "The Impact of Differing Operating Environments on US Credit Union Performance, 1993-2001, Applied Financial Economics, Vol 16, No 17, pp 1285-1300.

Goth, P and McKillop, D.G. and Ferguson, (2006), Building Better Credit Unions, Joseph Rowntree Foundation, The Policy Press, 55 pages.

McKillop, D.G. Wilson, J., and Ward A.M., (2006), “Credit Unions in Britain: A Time for Change”. Public Money and Management Vol. 23, No.2, pp., 119-123

Glass, J.C., McCallion, G., McKillop D.G. and Stringer K. (2006), “A ‘Technically Level Playing-Field’ Profit Efficiency Analysis of Enforced Competition Between Publicly Funded Institutions”, European Economic Review, Vol. 50, No 6, pp. 1601-1626.

Glass, J.C., McCallion, G. McKillop, D.G., Rasaratnam, S. and K. S. Stringer (2006), Implications of variant efficiency measures for policy evaluations in UK higher education, Socio-Economic Planning Sciences, Volume 40, Issue 2, June 2006, Pages 119-142

Hannafin, K. and McKillop, D.G., (2006), Altruism in the Economic Evaluation of Credit Unions: A Thought Piece, Journal of Cooperative Studies, Vol. 39, No. 2, 5-14.

McKillop, D.G. and Wilson J. (2007), Financial Exclusion: What is it, why does it matter and what’s being done about it? Public Management and Policy Association Review, September 2007, 32, 12-13.

McKillop, D.G., Ward, A-M. And Wilson, J., (2007), The Development of Credit Unions and their Role in Tackling Financial Exclusion,’ Public Money and Management, 2007, 27, 37-44

Hannafin, K. and McKillop, D.G., (2007), Deposit Insurance and Credit Unions: An International Perspective, Journal of Financial Regulation and Compliance, Vol. 15, No. 1, pp. 42-62.

Goddard, J., McKillop, D.G. and Wilson, J.O.S., (2008), The Diversification and Financial Performance of US Credit Unions, Journal of Banking and Finance, Vol. 32, pp. 1836-1849.

Goddard, J., McKillop, D.G. and Wilson, J.O.S., (2008), What Drives Performance Differences across Cooperative Financial Institutions? Evidence for US Credit Unions’, Applied Financial Economics, Vol. 18, pp. 879-893.

Gallagher, R.C., McKillop, D.G. and Pogue, M. (2008), A Defining Time for Pensions, Accountancy Ireland, Vol. 40, No. 6

Glass, J.C., McCallion, G., McKillop, D.G., Rasaratnam, S. and K. S. Stringer (2009), Best-Practice Benchmarking in UK Higher Education: New nonparametric Approaches using Financial Ratios and Profit Efficiency Methodologies, Applied Economics, 41, 249-267.

Goddard, J., McKillop, D.G. and Wilson, J.O.S., (2009), Which Credit Unions Are Acquired? Journal of Financial Services Research, 36, 231–252

McKillop, D.G., and Pogue, M., ( 2009), The Influence of Pension Plan Risk on Equity Risk and Credit Ratings: A Study of FTSE100 Companies, Journal of Pension Economics and Finance, Volume 8, 4, , 405-428.

Glass, J.C., McKillop, D.G., Rasaratnam, S. (2010), Irish Credit Unions: Investigating Performance Determinants and the Opportunity Cost of Regulatory Compliance Journal of Banking and Finance 34, 1, 67-76.

McKillop, D.G. and Wilson, J.O.S., Ward AM (2010), The good, the bad and the ugly: A discussion of the impact of regulatory reform on the UK credit union sector, The Scottish Accountancy Trust for Education and Research, ISBN 978-1 904574-66-88, 55 pages

Gallagher, R.C. and McKillop, D.G. (2010), Unfunded Pension Liabilities and Sponsoring Firm Credit Risk: A Multi-Country Perspective, The European Journal of Finance, 16, 3, pp 183 - 200.

Gallagher, R.C. and McKillop, D.G. (2010), Unfunded Pension Liabilities and The Credit Default Swap Market , The Journal of Fixed Income, 19, 3, pp. 30-46

Ward, A.M., McKillop, D.G (2010) Profiling: a Strategy for Successful Volunteer Recruitment in Credit Unions, Financial Accountability & Management, Volume 26, Issue 4, pp. 367–391.

McKillop, D.G. and Wilson, J.O.S., (2011) Credit Unions: A Theoretical and Empirical Overview Financial Markets, Institutions and Instruments, Leonard N, Stern School of Business, New York University, Volume 20, pp.79-123.

McKillop, D.G., Ward, A-M. And Wilson, J., (2011), Credit unions: A Global Perspective, International Accountant, June 2011, pp. 27-29

McKillop, D.G., Ward, A-M. And Wilson, J., (2011), Credit unions in Great Britain: Recent trends and current prospects, Public Money and Management, Volume 31, pp. 35-42.

(ii) BOOKS AND RESEARCH MONOGRAPHS

McKillop, D.G., Goth, P. and Hyndman, N., (2006), The Structure, Performance and Governance of Irish Credit Unions, Gill and McMillan, Institute of Chartered Accountants in Ireland, 425 pages.

Hyndman, N. and McKillop, D.G., (2006), Case Studies in Management Accounting and Business Finance, Gill and McMillan, Institute of Chartered Accountants in Ireland, 200 pages.

Goth, P and McKillop, D.G. and Ferguson, (2006), Building Better Credit Unions, Joseph Rowntree Foundation, The Policy Press, 55 pages.

McKillop, D.G. and Wilson, J.O.S., (2008), Credit Unions in Scotland, Edinburgh: Scottish Government, http://www.scotland.gov.uk/Publications/2008/11/03160454/0 ISBN 978 0755972920.

Tsung-Han Hsieh, Y.Li, McKillop, D.G, (2009) Financial Bubbles: A Learning Effect Modelling Approach, Natural Computing in Computational Finance, Volume 2, Anthony Brabazon and Michael O’Neill (Eds.), Studies in Computational Intelligence, Springer-Verlag Berlin Heidelberg ISSN 1860949X

Biography

Recent Publications