Research in Finance and Economics at Queens University Belfast

Professor Donal McKillop (Summary profile)

Donal is Professor of Financial Services in the School of Management at Queen’s University Belfast. His subject specialisms are Financial Theory, Derivative Instruments and Financial Institutions and Markets.

Outside of his academic role at Queen’s Donal is currently (i) a member of the finance committee of the Community Foundation for Northern Ireland, (ii) a board member of the Economic Research Institute of Northern Ireland (iii) 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 (iv) a member of the research committee of the European Association of Cooperative Banks (Brussels). In April 2009 he was involved in assessing research quality in the Faculty of Commerce at University College Cork

In the last two years Donal has completed commissioned research on financial co-operatives for the Royal Irish Academy (exploring the efficiency and performance of Irish credit unions); the Joseph Rowntree Foundation (analysing how to build better credit unions in the UK) and the Scottish Executive (financial cooperatives in Scotland. He has also completed work on the diversification strategies of US credit unions and the role that technology has in the merger and acquisition behaviour of US credit unions – this work was presented to the Board of the Federal deposit Insurance Corporation in the Washington DC. Also during the last two years he has undertaken commissioned research focusing on the impact of pension deficits on the equity and credit risks of quoted companies. [ACCA, The Impact of the Pension Deficits on The Risk Ratings of UK 250 Companies March 2007 to March 2008 and Irish Accounting Educational Trust, Defined Benefit Schemes of ISEQ Companies, January 2008 to July 2008.]

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

(i) JOURNAL ARTICLES

Hyndman, N.S., McKillop, D.G., Ferguson, C. and Wall, T., (2004), “The Financial Accountability of Irish Credit Unions: An Initial Empirical Study,” Financial Accountability and Management, Vol. 20, No. 3 pp 281- 284.

McKillop, D.G. and Wilson, J. (2005) Current Issues in Financial Exclusion, Public Management and Policy Association, Vol 30, August 2005 pp 14-15.

Ward A.M. and McKillop, D.G., (2005), “The Law of Proportionate Effect: The Growth of the UK Credit Union Movement at National and Regional Level. Journal of Business, Finance and Accounting. 32 (9-10), 1827-1859.

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.

J. Colin Glass, Gillian McCallion, D. G. McKillop, S. Rasaratnam 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

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.

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.

McKillop, D.G., and Pogue, M., (forthcoming, 2009), The Influence of Pension Plan Risk on Equity Risk and Credit Ratings: A Study of FTSE100 Companies, Journal of Pensions Economics and Finance.

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

Glass, J.C., McKillop, D.G., Rasaratnam, S. (forthcoming, 2009 or 2010), Irish Credit Unions: Investigating Performance Determinants and the Opportunity Cost of Regulatory Compliance Journal of Banking and Finance.

(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