1997 …2023

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Personal profile



Professor Elizabeth Sheedy is an expert in household finance and risk management based in the Department of Applied Finance of Macquarie Business School. In 2021 she published her first sole-authored book entitled 'Risk Governance: Biases, Blindspots and Bonuses' with Routledge. She is an Associate Editor for the Journal of Banking and Finance - rated A* by the Australian Business Deans' Council.


Elizabeth teaches students in the MBA, Global MBA and M.Applied Finance programs. She is unit convenor for 'AFCP8103/MMBA8148 Risk Measurement and Management' as well as 'GMBA8034 Manage the Risks'.


Her current research focus is in household finance, with a particular focus on the financial decision making of young adults (housing, use of debt, financial resilience and wellbeing). 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 the finance 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), Deloitte Australia, the Financial Services Council (FSC), the Financial Institution's Remuneration Group, the Financial Services Institute (FINSIA), the Governance, Risk and Compliance Institute, the Insurance Council of Australia (ICA), the Institute of Internal Auditors, Mercer Australia, the Risk Management Association of Australia, RSA Archer 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, as well as publishing in top international journals.


Elizabeth is currently seeking PhD and M.Research students with an interest in household finance.


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