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Professor Elizabeth Sheedy is a risk management expert based in the Department of Applied Finance. Since 2012 her research focus has been risk governance, culture and remuneration in financial institutions.

Elizabeth uses a range of research methods to build understanding of behaviour in financial services including: surveys, experiments, interviews as well as the econometric methods traditionally used by finance scholars. She has collaborated with scholars in other disciplines, including organisational psychology and experimental economics. This multi-methods, multi-disciplinary approach has produced a number of ground-breaking findings in the field, including development of the Macquarie University Risk Culture Scale. This psychometrically-validated survey instrument has been found to predict a range of behaviours important in this industry.

The quality of Elizabeth's work has been enhanced through industry collaboration. She has received funding or in-kind support from the Australia and New Zealand Institute for Insurance and Finance (ANZIIF), Australian Prudential Regulation Authority (APRA), the Australian Securities and Investment Commission (ASIC), the Centre for International Finance and Regulation (CIFR), Dell EMC2, the Financial Services Council (FSC), the Financial Services Institute (FINSIA), the Insurance Council of Australia (ICA), Mercer Australia and 17 separate financial institutions.

This work has enabled Elizabeth to contribute to the policy debate on financial services misconduct, remuneration practices, enhancing financial services culture/conduct and related issues. She is a popular speaker at industry conferences and a regular media commentator.

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Projects 2006 2018

Research Outputs 1997 2019

  • 17 Article
  • 2 Chapter
  • 2 Conference proceeding contribution

Incentives and culture in risk compliance

Sheedy, E., Zhang, L. & Tam, K. C. H., Oct 2019, In : Journal of Banking and Finance. 107, 13 p., 105611.

Research output: Contribution to journalArticleResearchpeer-review

Open Access
Work place

Risk governance in the insurance sector: determinants and consequences in an international sample

Magee, S., Schilling, C. & Sheedy, E., 2019, In : Journal of Risk and Insurance. 86, 2, p. 381-413 33 p.

Research output: Contribution to journalArticleResearchpeer-review

Risk governance
Governance indexes
Performance measures
Insurance companies

International compliance with new Basel Accord principles for risk governance

Wright, S., Sheedy, E. & Magee, S., Mar 2018, In : Accounting and Finance. 58, 1, p. 279-311 33 p.

Research output: Contribution to journalArticleResearchpeer-review

Financial crisis
Basel Accord
Risk governance

Risk governance, structures, culture, and behavior: A view from the inside

Sheedy, E. & Griffin, B., Jan 2018, In : Corporate Governance (Oxford). 26, 1, p. 4-22 19 p.

Research output: Contribution to journalArticleResearchpeer-review

Risk governance
Governance structure
Risk management

Risk management behaviour in banking

Sheedy, E. & Lubojanski, M., 2018, In : Managerial Finance. 44, 7, p. 902-918 17 p.

Research output: Contribution to journalArticleResearchpeer-review

Risk management
Financial services
Individual risk