Prof Michael Skully - Researcher Profile

Biography

Michael Skully is a professor in the Department of Accounting and Finance. 

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Research & Supervision Interests

Financial institutions in the Asia Pacific development finance and microfinance financial/regulatory policy and prudential issues, dividend reinvestment plans and dividend policy, international banking and financial centres, corporate governances, Islamic banking and finance.

Keywords

Financial institutions, superannuation

Qualifications

GRADUATE DIPLOMA

Institution: University of Stockholm

Year awarded: 1973

MBA

Institution: University of Utah

Year awarded: 1972

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

Institution: University of Arizona

Year awarded: 1968

Publications

Books

Bruce, R., McKern, B., Pollard, I., Skully, M.T. (eds), 1997, Handbook of Australian Corporate Finance, Butterworths, Australia.

Skully, M.T., 1997, The South Pacific: Finance, Development and the Private Sector, Australian Agency for International Development, Canberra ACT Australia.

Book Chapters

Skully, M.T., 2012, Securitization issues and Islamic financial products with reference to sukuk, in The Islamic Debt Market for Sukuk Securities: The Theory and Practice of Profit Sharing Investment, eds Mohamed Ariff, Munawar Iqbal and Shamsher Mohamad, Edward Elgar Publishing, Cheltenham UK, pp. 131-141.

Skully, M., 2011, Corporate governance and Islamic banks, in The Foundations of Islamic Banking: Theory, Practice and Education, eds Mohamed Ariff and Munawar Iqbal, Edward Elgar Publishing, Cheltenham UK, pp. 103-123.

Ahsan, A., Skully, M.T., Wickramanayake, J., 2008, Central Bank Independence and Governance: Definitions and Modelling, in Central Banking Governance: Issues and Perspectives, eds Ravi Kumar, Jain B, Sohani AK, ICFAI University Press, India, pp. 12-58.

Brown, K.E., Hassan, M.K., Skully, M.T., 2007, Operational efficiency and performance of Islamic banks, in Handbook of Islamic Banking, eds M. Kabir Hassan and Mervyn K. Lewis, Edward Elgar Publishing, Cheltenham UK, pp. 96-115.

Skully, M.T., Brown, K.E., 2006, Romanian financial markets, in Emerging European Financial Markets: Independence and Integration Post-Enlargement, eds Jonathan A. Batten and Colm Kearney, Elsevier, Oxford UK, pp. 281-321.

Brown, K.E., Skully, M.T., 2005, Regional comparative analysis of China's banking system, in China's Business Reforms: Institutional Challenges in a Globalized Economy, eds Russell Smyth, On Kit Tam, Malcolm Warner and Cherrie Jiuhua Zhu, RoutledgeCurzon, Abingdon UK, pp. 27-45.

Ariff, M., Skully, M.T., 2004, Banking and regulatory reform in postcrisis Asia, in Global Financial Markets. Issues and Strategies, eds Dilip K Ghosh, Mohamed Ariff, Praeger Publishers, Westport USA, pp. 105-119.

Brown, K.E., Skully, M.T., 2004, Comparative Islamic bank performance with environmental considerations, in Islamic Banking: An International Perspective, eds Bala Shanmugam, Vignesen Perumal, Alfieya Hanuum Ridzwa, UPM Press, Serdang Malaysia, pp. 184-206.

Ariff, M., Skully, M.T., Brummit, W., 1999, , in Asia's Financial Markets: Capitalising on reform 1999, Dept of Finance and Treasury, Canberra ACT Australia, pp. 75-102.

Kester, G.W., Chang, R.P., Echanis, E.S., Isa, M.M., Skully, M.T., Doeigno, S., Tsui, K., 1998, Executive Views on Dividends and Capital Structure Policy in the Asia-Pacific Region, in Emerging Capital Markets, Quorum Books, Westport CT USA, pp. 113-135.

Skully, M.T., 1997, Banks and Financial Institutions, in Handbook of Australian Corporate Finance, Butterworths, Australia, pp. 15-61.

Journal Articles

Nguyen, T.N.M., Skully, M.T., Perera, G.H.S., 2012, Bank market power and revenue diversification: Evidence from selected ASEAN countries, Journal of Asian Economics [P], vol 23, issue 6, Elsevier BV, Amsterdam Netherlands, pp. 688-700.

Perera, G.H.S., Skully, M.T., Nguyen, T.N.M., 2012, Market concentration and pricing behaviour of Sri Lankan banks, South Asian Journal of Global Business Research [P], vol 1, issue 1, Emerald Group Publishing Ltd, Bingley UK, pp. 63-78.

Nguyen, T.N.M., Skully, M.T., Perera, G.H.S., 2012, Market power, revenue diversification and bank stability: Evidence from selected South Asian countries, Journal of International Financial Markets, Institutions and Money [P], vol 22, issue 4, Elsevier BV, Amsterdam Netherlands, pp. 897-912.

Perera, G.H.S., Skully, M.T., 2012, On the cross-methodological validation of bank efficiency assessments, Studies in Economics and Finance [P], vol 29, issue 1, Emerald Group Publishing Ltd, Bingley UK, pp. 26-42.

Perera, G.H.S., Skully, M.T., Wickramanayake, J., 2010, Bank market concentration and interest spreads: South Asian evidence, International Journal of Emerging Markets [P], vol 5, issue 1, Emerald Group Publishing Ltd, UK, pp. 23-37.

Liu, B., Skully, M., Tan, T., 2010, Effects of securitization on mortgage yield spreads in Australia, International Research Journal of Finance and Economics [P], vol 50, European Journals Inc, Austria, pp. 72-79.

Haq, M., Skully, M.T., Pathan, S.T., 2010, Efficiency of microfinance institutions: A data envelopment analysis, Asia-Pacific Financial Markets [P], vol 17, issue 1, Springer New York LLC, United States, pp. 63-97.

Pathan, S.T., Skully, M.T., 2010, Endogenously structured boards of directors in banks, Journal of Banking and Finance [P], vol 34, issue 7, Elsevier BV, North-Holland, Netherlands, pp. 1590-1606.

Bollen, B.E., Skully, M.T., Wei, X.T., 2010, The Financial Services Reform Act and Australian bank risk, Banks and Bank Systems [P], vol 5, issue 1, Business Perspectives, Ukraine, pp. 58-64.

Ahsan, A., Skully, M.T., Wickramanayake, J., 2009, A critical analysis of central bank independence and governance in Australia and Bangladesh, Journal of Administration and Governance [P], vol 4, issue 1, Monash University Department of Management, Caulfield East Vic Australia, pp. 11-28.

Brown, K.E., Skully, M.T., 2009, Ethical investments and performance of Islamic banks, Journal of Islamic Economics, Banking and Finance [P], vol 5, issue 1, Islami Bank Training and Research Academy, Bangladesh, pp. 59-72.

Setia-Atmaja, L.L.Y., Tanewski, G.A., Skully, M.T., 2009, The role of dividends, debt and board structure in the governance of family controlled firms, Journal of Business Finance and Accounting [P], vol 36, issue 7 & 8, Wiley-Blackwell Publishing Ltd, United Kingdom, pp. 863-898.

Ahmad, R., Skully, M.T., Ariff, M., 2008, Malaysian bank capital and risk profiles: Causality test, Asian Journal of Business and Accounting Asian Journal of Business and Accounting Asian Journal of Business and Accounting [P], vol 1, issue 2, University of Malaya Press, Kuala Lumpur, Malaysia, pp. 1-18.

Pathan, S.T., Skully, M.T., Wickramanayake, J., 2008, Reforms in Thai bank governance: The aftermath of the Asian financial crisis, International Review of Financial Analysis, vol 17, issue 2, Elsevier BV, North-Holland, Netherlands, pp. 345-362.

Ahmad, R., Ariff, M., Skully, M.T., 2008, The determinants of bank capital ratios in a developing economy, Asia-Pacific Financial Markets [P], vol 15, issue 3-4, Springer New York LLC, USA, pp. 255-272.

Liu, B., Skully, M.T., 2008, The impact of securitisation and structural changes of the Australian mortgage markets on bank pricing behaviour, International Journal of Banking, Accounting and Finance, vol 1, issue 2, Inderscience Publishers, UK, pp. 149-167.

Kester, G.W., Anderson, M.A., Dean, R.A., Ding, D.K., du Plessis, A., Hoover, S.A., Skully, M.T., 2008, The views of students outside the United States on the case method of learning, Advances in Financial Education, vol 6, issue Winter, Finance Education Association, USA, pp. 147-160.

Skully, M.T., 2007, Alternative investments: Definition, importance and risks, JASSA, vol 2007, issue 3, Financial Services Institute of Australasia, Australia, pp. 35-39.

Avram, K.J., Skully, M.T., 2007, Australian banks' disclosure of operational risk, Monash Business Review, vol 3, issue 2, Monash University ePress, Clayton Vic Australia, pp. 1-9.

Pathan, S.T., Skully, M.T., Wickramanayake, J., 2007, Board size, independence and performance: An analysis of Thai banks, Asia-Pacific Financial Markets, vol 14, issue 3, Springer New York LLC, USA, pp. 211-227.

Perera, G.H.S., Skully, M.T., Wickramanayake, J., 2007, Cost efficiency in South Asian banking: The impact of bank size, state ownership and stock exchange listings, International Review of Finance [P], vol 7, issue 1-2, Wiley-Blackwell Publishing Asia, Richmond Vic Australia, pp. 35-60.

Viverita, V., Brown, K.E., Skully, M.T., 2007, Efficiency analysis of Islamic banks in Africa, Asia and the Middle East, Review of Islamic Economics, vol 11, issue 2, Islamic Foundation, UK, pp. 5-16.

Ahmad, R., Ariff, M., Skully, M.T., 2007, Factors determining mergers of banks in Malaysia's banking sector reform, Multinational Finance Journal, vol 11, issue 1/2, Multinational Finance Society, USA, pp. 1-31.

Brown, K.E., Skully, M.T., 2007, Islamic banks from a global perspective, Journal of Islamic Economics, Banking and Finance [P], vol 3, issue 2, Islami Bank Training and Research Academy, Dhaka Bangladesh, pp. 105-128.

Balachandran, B., Skully, M.T., Tant, K.G., Watson, J., 2006, Australian evidence on student expectations and perceptions of introductory business finance, Accounting and Finance, vol 46, issue 5, Blackwell Publishing Asia, Australia, pp. 697-713.

Brown, K.E., Skully, M.T., 2006, Banking markets in the Asia-Pacific region, Monash Business Review, vol 2, issue 2, Monash University ePress, Clayton Vic Australia, pp. 1-15.

Perera, G.H.S., Skully, M.T., Wickramanayake, J., 2006, Competition and structure of South Asian banking: A revenue behaviour approach, Applied Financial Economics, vol 16, issue 11, Routledge, UK, pp. 789-801.

Ahsan, A., Skully, M.T., Wickramanayake, J., 2006, Determinants of central bank independence and governance: Problems and policy implications, Journal of Administration and Governance, vol 1, issue 1, Monash University Department of Management, Australia, pp. 47-67.

Brown, K.E., Skully, M.T., 2006, Evaluating cost performance of banks in the Asia-Pacific, Economic Papers, vol 25, issue 4, Economic Society of Australia, St Ives NSW Australia, pp. 61-70.

Chen, X., Skully, M.T., Brown, K.E., 2005, Banking efficiency in China: application of DEA to pre- and post-deregulation eras: 1993-2000, China Economic Review, vol 16, issue 3, Elsevier BV, North-Holland, The Netherlands, pp. 229-245.

Perera, G.H.S., Skully, M.T., Wickramanayake, J., 2005, Human progress in south Asia: a multifaceted analysis, South Asia: Journal of South Asian Studies, vol 28, issue 3, Routledge, UK, pp. 437-456.

Liu, B., Skully, M.T., 2005, The determinants of mortgage yield spread differentials: securitization, Journal of Multinational Financial Management, vol 15, issue 4-5, Elsevier BV, North-Holland, The Netherlands, pp. 314-333.

Brown, K.E., Skully, M.T., 2004, Islamic Banks: A cross-country study of cost efficiency performance, Accounting, Commerce & Finance: The Islamic Perspective Journal, vol 8, issue 1 & 2, Accounting Commerce & Finance: The Islamic Perspective Journl, Lakemba NSW Australia, pp. 43-79.

Balachandran, B., Skully, M.T., 2004, Student perceptions of introductory business finance: accounting and finance versus other business majors, Advances in Financial Education, vol 2, Financial Education Association, Philadelphia USA, pp. 34-51.

Ariff, M., Lim, T.K., Skully, M.T., 2003, Accurate prediction of analyst forecast revisions and stock returns in the emerging Malaysian market: EPS versus non-EPS variables, Global Business & Finance Review, vol 8, issue 1, Global Business and Finance Review, Inc., USA, pp. 61-75.

Lim, T.K., Ariff, M., Skully, M.T., 2003, Information-relevance of analyst expectations: Evidence from forecasts of earnings and cash flows, Malaysian Journal of Economic Studies, vol 40, issue 1/2, Persatuan Ekonomi Malaysia, Malaysia, pp. 61-88.

Avram, K.J., Skully, M.T., 2001, Domestic Settlement Systems in East Asia-Pacific Economies, Journal of Asian Business, vol 17, issue 2, University of Michigan Business School, Ann Arbor MI USA, pp. 85-103.

Skully, M.T., Arsiraphongphisit, O., Kester, G.W., 2000, Financial Policies and Practices of Listed Firms in Thailand: Capital Structure, Cost of Capital and Dividends, Journal of Business Administration, vol 23, Thammasat University, Bangkok Thailand, pp. 70-93.

Kester, G.W., Chang, R.P., Echanis, E.S., Haikal, S., Isa, M.M., Skully, M.T., Tsui, K., Wang, C., 1999, Capital Budgeting Practices in the Asia-Pacific Region: Australia, Hong Kong, Indonesia, Malaysia, Philippines, and Singapore, Financial Practice and Education, vol 9, 1, Financial Management Association International, Tampa Florida USA, pp. 25-33.

Avram, K., Love, R., Skully, M.T., 1999, International Developments in Prudential Supervision of Banks, The Finance and Treasury Professional, vol 11, 3, The Finance and Treasury Association, Surrey Hills Vic Australia, pp. 15-18.

Love, R., Skully, M.T., 1998, Globalisation: Myth or Reality, The Australian Corporate Treasurer, vol .10 no.6 december, The Finance and Treasury Association Ltd, Melbourne Vic Australia, pp. 18-20.

Skully, M.T., 1997, Finance and Private Sector Development in the South Pacific, Pacific Economic Bulletin, vol 12, National Centre for Development Studies, Canberra ACT Australia, pp. 115-125.

Conference Proceedings

Viverita, V., Brown, K.E., Skully, M.T., 2004, Investigating the DEA Malmquist efficiency performance of Islamic banks, Global Standardisation of Islamic Banking and Finance Through Best Practices of Corporate Governance and Benchmarking: Proceedings of the 2nd International Islamic Banking & Finance Conference, 09 September 2004 to 10 September 2004, The School of Business, Monash University, Petaling Jaya Malaysia, pp. 1-12.

Brown, K.E., Skully, M.T., 2003, A cross-country analysis of Islamic bank performance, International Banking Islamic Conference - From Money Lenders to Bankers: Evolution of Islamic Banking in Relation to Judeo Christian and Oriental Banking Traditions, 09 September 2003 to 10 September 2003, Monash University Malaysia, Bandar Sunway Malyasia, pp. 1-20.

Brown, K.E., Skully, M.T., 2003, A regional comparative analysis of China's banking system, International Challenges for the Global China: Proceedings, 13 November 2003 to 14 November 2003, Asian Business and Economics Research Unit, Clayton Vic Australia, pp. 345-361.

Balachandran, B., Skully, M.T., 2000, Introductory Business Finance: Student Expectations and Perceptions, Finance Educators Conference: Proceedings of the 2000 Annual Conference, Melbourne Victoria, 30 November 2000, Deakin University, Burwood Vic Australia, pp. 21-34.

Love, R., Skully, M.T., 1999, The Adoption of Continuous Improvement and Innovation Strategies in Australian Manufacturing Firms - The Globalisation of Financial Markets: Evolution Not Revolution, 1999 Annual Conference Academy of International Business Southeast Asia Region Proceedings - Volume 1, Melbourne, Australia 8-10 July, Office of Continuing Education, Monash University, Clayton Vic Australia, pp. 199-206.

Other

Skully, M.T., 2009, Islamic finance in Australia, Country Report, Islamic Finance News, Australia.

Teaching Commitment

AFF9260 Australian capital markets

Postgraduate Research Supervisions

Current Supervision

Program of Study:

(DOCTORATE BY RESEARCH).

Thesis Title:

Board structure, incentives, risk taking and performance in US insurers.

Supervisors:

Skully, M (Main), Brown, K (Associate).

Program of Study:

(DOCTORATE BY RESEARCH).

Thesis Title:

Competition, liquidity, economic development and bank stability: international evidence.

Supervisors:

Skully, M (Main), Perera, S (Associate).

Program of Study:

(DOCTORATE BY RESEARCH).

Thesis Title:

Government intervention and banking sector stability.

Supervisors:

Skully, M (Main), Perera, S (Associate).

Program of Study:

(DOCTORATE BY RESEARCH).

Thesis Title:

Interaction effects between financial system components and the finance-growth relationship: a cross-country study.

Supervisors:

Skully, M (Main).

Program of Study:

(DOCTORATE BY RESEARCH).

Thesis Title:

Interlocking trustee boards of Australian superannuation funds.

Supervisors:

Skully, M (Main), Brown, C (Associate), Strydom, M (Associate).

Program of Study:

(DOCTORATE BY RESEARCH).

Thesis Title:

Market discipline and the Australian government deposit guarantee - depositor monitoring and influence on authorized deposit-taking institutions.

Supervisors:

Skully, M (Main), Vu, T (Associate).

Completed Supervision

Student:

Ahmad, R.

Program of Study:

BANK CAPITAL, RISK AND PERFORMANCE: MALAYSIAN EVIDENCE. (PHD) 2004.

Supervisors:

Ariff, M (Joint-Co), Skully, M (Joint).

Student:

Ahsan, A.

Program of Study:

Central bank independence and governance in the Asia Pacific. (PHD) 2008.

Supervisors:

Skully, M (Joint-Co), Wickramanayake, J (Joint).

Student:

Azmat, S.

Program of Study:

Asymmetric information, credit risk and instrument characteristics in Islamic finance. (PHD) 2011.

Supervisors:

Skully, M (Main), Brown, K (Associate).

Student:

Bakir, C.

Program of Study:

THE POLITICS OF BANKING POLICY IN AUSTRALIA: THE WALLIS INQUIRY, THE AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AND THE 'FOUR PILLARS' POLICY.. (PHD) 2002.

Supervisors:

Woodward, D (Main), Hodge, G (Associate), Skully, M (Associate).

Student:

Brown, K.

Program of Study:

Financial development and bank efficiency in the Asia Pacific Region pre and post the 1997/1998 Asia financial crisis. (PHD) 2007.

Supervisors:

Skully, M (Main).

Student:

Lim, T.

Program of Study:

EARNINGS AND CASH FLOW FORECASTS IN MALAYSIA:A STUDY ON PRICE EFFECTS, TIME SERIES BEHAVIOUR AND COMPARATIVE ACCURACY. (PHD) 2001.

Supervisors:

Ariff, M (Joint), Skully, M (Joint-Co).

Student:

Liu, B.

Program of Study:

MORTGAGE SECURITISATION IN AUSTRALIA: ITS EFFECTS ON YIELD SPREADS, FEES AND LENDER PRICING BEHAVIOUR. (PHD) 2005.

Supervisors:

Skully, M (Main).

Student:

Murray, J.

Program of Study:

Dividend reinvestment plans in Australia: tax and agency perspectives. (PHD) 2008.

Supervisors:

Skully, M (Main), Steen, A (Associate).

Student:

Pathan, M.

Program of Study:

Bank board structure and risk-taking: An investigation into the US bank holding companies. (PHD) 2007.

Supervisors:

Skully, M (Main), Wickramanayake, J (Associate).

Student:

Perera, G.

Program of Study:

Competitive conduct and efficiency of South Asian banking 1990-2004. (PHD) 2006.

Supervisors:

Skully, M (Main), Wickramanayake, J (Associate).

Student:

Pham, K.

Program of Study:

THE OWNERSHIP-PERFORMANCE RELATION OF NEWLY LISTED CORPORATIONS: AN INVESTIGATION INTO POST-LISTING SHAREHOLDING TRENDS. (PHD) 2003.

Supervisors:

Skully, M (Main), Balachandran, B (Associate), Steen, A (Associate).

Student:

Pham, P.

Program of Study:

Jointness of loan contract terms, information asymmetries, and lending relationships. (PHD) 2012.

Supervisors:

Skully, M (Main), Perera, S (Associate).

Student:

Setia Atmaja, L.

Program of Study:

Ownership, board structure and the governance role of dividends. (PHD) 2007.

Supervisors:

Tanewski, G (Main), Skully, M (Associate).

Student:

Strydom, M.

Program of Study:

Earnings quality and accrual mispricing: a country and firm-level investigation in the period surrounding SOX. (PHD) 2011.

Supervisors:

Skully, M (Joint-Co), Veeraraghavan, M (Joint).

Student:

Valensi, M.

Program of Study:

Who disciplines Indonesian banks? A study of market discipline in Indonesia 1980 - 1999. (PHD) 2005.

Supervisors:

Skully, M (Main), Wickramanayake, J (Associate).

Student:

Vu, T.

Program of Study:

Loan syndications: an investigation of pricing and contract design. (PHD) 2008.

Supervisors:

Skully, M (Main).