Dr. Shrimal Perera

PhD (Banking and Finance); MPhil (International Finance); BSc (Business Administration); Grad Cert (Higher Education)

Senior Lecturer in Finance


Research and teaching specialties

Banking and financial intermediation; Risk management; Financial management; Financial economics

Biography

Shrimal is a graduate of Monash University, the University of Glasgow, and the University of Sri Jayewardenepura. Previously, Shrimal has taught banking and finance at Monash University where he won Monash Business School Commendation for Teaching Excellence (2010, 2016) and was a finalist in the Monash Postgraduate Association (MPA) Lecturer of the Year Award (2018). He also received multiple congratulatory letters from the Vice-Provost (Learning & Teaching) for outstanding unit and teaching evaluations (2014-2018).

During his tenure at Monash University, Shrimal held several leadership roles including the Responsible Officer of the Monash Business School Discipline Panel, Risk Management Specialisation Coordinator of the Master of Business program, and the Course Director of Master of Business (Banking & Finance) program. In addition, Shrimal has held memberships in various departmental and faculty committees.

Shrimal serves as an Associate Editor of the South Asian Journal of Business Research since its inception in 2012 and has served as an Editorial Board member of the Journal of Economic and Administrative Sciences during 2013-2016.

Publications and Presentations

Refereed Journal Publications

Edirisuriya, P., A. Gunasekarage & S. Perera, (2019). ‘Product diversification and bank risk: Evidence from South Asian banking institutions’, Applied Economics, 51(5), 444-464.

Nguyen, M., S. Perera & M. Skully, (2017). ‘Bank market power, asset liquidity and funding liquidity: International evidence’, International Review of Financial Analysis, 54(November), 23-38.

Nguyen, M., S. Perera & M. Skully, (2016). ‘Bank market power, ownership, regional presence and revenue diversification: Evidence from Africa’, Emerging Markets Review, 27(June), 36-62.

Ovi, N., S. Perera & S. Colombage, (2014). ‘Market power, credit risk, revenue diversification and bank stability in selected ASEAN countries’, South East Asia Research, 22(3): 399-416.

Perera, S., M. Skully & Z. Chaudrey, (2013). ‘Determinants of commercial bank profitability: South Asian evidence’, Asian Journal of Finance and Accounting, 5(1): 365-380.

Nguyen, M., M. Skully & S. Perera, (2012). ‘Revenue diversification, market power and individual bank stability: Evidence from selected South Asian countries’, Journal of International Financial Markets, Institutions and Money, 22(4): 897-912.

Nguyen, M., M. Skully & S. Perera, (2012). ‘Bank market power and revenue diversification: Evidence from selected ASEAN countries’, Journal of Asian Economics, 23(6): 688-700.

Perera, S., M. Skully & M. Nguyen, (2012). ‘Market concentration and pricing behaviour of Sri Lankan banks’, South Asian Journal of Global Business Research, 1(1): 63-78.

Perera, S. & M. Skully, (2012). ‘On the cross-methodological validation of bank efficiency assessments’, Studies in Economics and Finance, 29(1): 26-42.

Perera, S., T. Bertsch & J. Wickramanayake, (2010). ‘Exit market liquidity and venture capitalists’ investment behaviour: Evidence from Australia, Canada and the United Kingdom’, Corporate Ownership and Control journal, 8(1): 743-757.

Perera, S., A. Mehta & J. Wickramanayake, (2010). ‘Wealth effects of business takeover announcements: the case of Australian acquirers’ shareholders’, Corporate Ownership and Control journal, 8(1): 758-711.

Perera, S., M. Skully & J. Wickramanayake, (2010). ‘Bank market concentration and interest spreads: South Asian evidence’, International Journal of Emerging Markets, 5(1): 23-37.

Perera, S., M. Skully & J. Wickramanayake, (2007). ‘Cost efficiency in South Asian banking: the impact of bank size, state ownership and stock exchange listings’, International Review of Finance, 7(1-2): 35-60.

Perera, S., M. Skully & J. Wickramanayake, (2006). ‘Competition and structure of South Asian banking: A revenue behavior approach’, Applied Financial Economics, 16(11): 789-801.

Perera, S., M. Skully & J. Wickramanayake, (2005). ‘Human progress in South Asia: A multifaceted analysis’, South Asia: The Journal of South Asian Studies, 28(3): 437-456.

 

Presentations at refereed international conferences

2019 – ‘Quality versus Quantity: The case of U.S. bank capital buffers’, The 9th International Conference of the Financial Engineering and Banking Society, University of Economics, Prague, Czech Republic, 30 May -1 June. Co-authored with K. De Silva & B. Williams.

2014 – ‘Bank market power and revenue diversification: Evidence from Africa’, The 4th International Conference of the Financial Engineering and Banking Society, University of Surrey, United Kingdom, 21-23 June. Co-authored with M. Nguyen & M. Skully.

2013 – ‘Bank market power and revenue diversification in Africa: The influence of ownership and legal origins’, The 26th Australasian Finance and Banking Conference, Sydney, 16-19 December. Co-authored with M. Nguyen & M. Skully.

2012 – ‘Impact of competition on credit risk, overall bank risk and revenue diversification: Evidence from selected ASEAN countries’, The 19th Annual Meeting of the Multinational Finance Society, Krakow, Poland, 24-26 June. Co-authored with N. Ovi & S. Colombage.

2011 – ‘Revenue diversification, market power and individual bank stability: Evidence from selected South Asian countries’, The 24th Australasian Finance and Banking Conference, Sydney, 16-18 December. Co-authored with M. Nguyen & M. Skully.

2011 – ‘Bank market power and revenue diversification: Evidence from selected ASEAN countries’, The 18th Annual Meeting of the Multinational Finance Society, Rome, Italy, 26-29 July. Co-authored with M. Nguyen & M. Skully.

2010 – ‘Wealth effects of business takeover announcements: The case of Australian acquirers’ shareholders’, The 8th NTU International Conference on Economics, Finance and Accounting, Taipei, Taiwan, 22 June. Co-authored with A. Mehta & J. Wickramanayake.

2009 – ‘Determinants of commercial bank profitability: South Asian evidence’, The 22nd Australasian Finance and Banking Conference, Sydney, Australia, 17 December. Co-authored with M. Skully & J. Wickramanayake.

2008 – ‘On the exit market conditions and venture capitalist’s investment behaviour’, the 4th International Conference on Banking and Finance, the Langkawi Island, Malaysia, 15 January. Co-authored with T. Bertsch & J. Wickramanayake.

2007 – ‘Bank market concentration and interest spreads: South Asian Evidence’, The 20th Australasian Finance and Banking Conference, Sydney, Australia, 13 December. Co-authored with M. Skully & J. Wickramanayake.

2005 – ‘Cost Efficiency of South Asian banking: The impact of bank size, state ownership and stock exchange listings’, The 18th Australasian Finance and Banking Conference, Sydney, Australia, 16 December. Co-authored with M. Skully & J. Wickramanayake.

2004 – ‘Competition and structure in South Asian banking: A revenue behaviour approach’, The 17th Australasian Finance and Banking Conference, Sydney, Australia, 16 December. Co-authored with M. Skully & J. Wickramanayake.

 

Presentations at workshops/seminars

2016 – ‘Bank market power, asset liquidity and funding liquidity: International Evidence’, Research Seminar, School of Economics and Finance, Massey University, New Zealand, Palmerston North Campus (6th July 2016), Albany Campus (8th July 2016). Co-authored with M. Nguyen & M. Skully.

2007 – ‘Cost efficiency estimates for South Asian banks: A methodological cross-validation exercise’, Research Seminar, Central Bank of Sri Lanka, Sri Lanka, 11 January. Co-authored with M. Skully & J. Wickramanayake.

2006 – ‘Parametric cost efficiency estimates of South Asian banking: Impact of bank size, state-ownership and stock exchange listing’, The 8th Annual Monash- Melbourne Finance PhD Symposium, Monash University, Australia, 17 April. Co-authored with M. Skully & J. Wickramanayake.

2006 – ‘Bank concentration, market power and interest margins: Evidence from South Asia’ 2006 Asia-Pacific Week, Research School of Pacific and Asian Studies, Australian National University, Canberra, Australia, 30 January. Co-authored with M. Skully & J. Wickramanayake.

2004 – ‘Contestability and structure of South Asian banking’ The 10th Annual Doctoral Research Conference, Graduate School of Business, Monash University, Australia, 25 October. Co-authored with M. Skully & J. Wickramanayake.

 

PhD Research Thesis Supervision (Monash University)

Associate supervisor (40% loading), thesis title: ‘Bank and systemic liquidity and bank stability: International evidence’ (Main supervisor: Professor Michael Skully)

Associate supervisor (40% loading), thesis title: ‘Competition, bank stability, revenue diversification and loan pricing: evidence from ASEAN countries 1998-2008’ (Main supervisor: Dr Sisira Colombage)

Associate supervisor (25% loading), thesis title: ‘Government intervention in financial markets and financial systems stability’ (Main supervisor: Professor Michael Skully)

Associate supervisor (25% loading), thesis title: ‘Information asymmetry, borrower-lender relationship and loan contract terms’ (Main supervisor: Professor Michael Skully)

 

Honours Research Thesis Supervision (Monash University)

2019 – Joint Supervisor (50% loading), thesis title: ‘Bank operational complexity and the sovereign-bank rating channel: Evidence from emerging markets’, mark (grade) achieved: 85 (High Distinction). (Joint Supervisor: Professor Michael Skully)

2019 – Joint Supervisor (50% loading), thesis title: ‘Do banks benefit from holding large capital buffers? Evidence from emerging markets’, mark (grade) achieved: 85 (High Distinction). (Joint Supervisor: Associate Professor Silvio Contessi)

2017 – Joint Supervisor (50% loading), thesis title: ‘On the composition of capital buffers: US evidence’, mark (grade) achieved: 84 (High Distinction). (Joint Supervisor: Associate Professor Barry Williams)

2012 – Joint Supervisor (50% loading), thesis title: ‘Revenue diversification and capital buffers: Evidence from the world’s largest banks’, mark (grade) achieved: 83 (High Distinction). (Joint Supervisor: Dr Jean-Pierre Fenech)

2012 – Joint Supervisor (50% loading), thesis title: ‘Bank liquidity, deposits and loan growth within a post-fiscal stimulus context: Evidence from China and India’, mark (grade) achieved: 81 (High Distinction). (Joint Supervisor: Dr Jean-Pierre Fenech)

2010 – Sole Supervisor (100% loading), thesis title: ‘Bank market power and revenue diversification: evidence from selected ASEAN countries’, mark (grade) achieved: 81 (High Distinction)

2010 – Joint Supervisor (50% loading), thesis title: ‘European mergers and acquisitions and the introduction of Euro’, mark (grade) achieved: 76 (Distinction). (Joint Supervisor: Dr J Wickramanayake)

2008 – Joint Supervisor (50% loading), thesis title: ‘Determinants of commercial banks’ profitability in South Asia’, mark (grade) achieved: 80 (High Distinction). (Joint Supervisor: Professor Michael Skully)

2007 – Joint Supervisor (50% loading), thesis title: ‘Mergers and acquisitions in Australia: an analysis of acquiring firms’ short term and long term shareholder wealth’, mark (grade) achieved: 75 (Distinction). (Joint Supervisor: Dr J Wickramanayake)

 

External Research Thesis Examination

2019 – (PhD), External Examiner, Massey University, New Zealand. Thesis title: ‘Corporate governance of banks in Vietnam and their roles on bank risk taking and efficiency’.

2017 – (Masters), External Examiner, Victoria University, Melbourne. Thesis title: ‘Efficiency and firm capital structure: An analysis of Australia-based and publicly listed manufacturing firms.

2015 – (PhD), External Examiner, Massey University, New Zealand. Thesis title: ‘Performance Measurement of South Asian Microfinance Institutions’.

 

Honours Research Thesis Examination (Monash University)

2019 –     ‘The economic relevance of the resolution time of Chapter 11 firms’

2017 –     ‘FinTech adoption and bank productivity and diversification’

2016 –     ‘Foreign bank participation and banking efficiency: An empirical study’

2015 –     ‘Does increased non-interest income result in increased systemic risk in banks? A G-SIB perspective’

2013 –     ‘Religious belief and loan repayment: Evidence from global microcredit market’

2010 –     ‘Tranching and tranche structures in Australian syndicated loans’

2010 –     ‘Banking risk premiums in US publicly listed firms’

2009 –     ‘Insurance and economic growth’

2009 –     ‘Government policies and bank risk in Australia’

2008 –     ‘Corporate governance and performance of Chinese mutual funds’

2007 –     ‘Quantifying capital against operational risk under Basel II’

2006 –     ‘Risk premiums on equity: an alternative approach’