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Dr Celine McInerney

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Celine McInerney

Contact

Accounting & Finance

Accounting & Finance
3.12 O'Rahilly Building
ACCOUNTING & FINANCE
University College Cork
Cork
Ireland

+353-21-490-2839 c.mcinerney@ucc.ie

Biography

Dr. Celine McInerney is a Senior Lecturer in the Department of Accounting, Finance and Information Systems, at University College Cork (UCC) where she specialises in corporate finance, investments, capital markets and investment appraisal. Celine is also a Principal Investigator with UCC's Environmental Research Institute. She  holds an M.Litt. in finance and a postgraduate diploma in statistics from Trinity College Dublin. Celine's postgruaduate study in Trinity was financed by the School of Business Scholarship award. Celine is the co-course director on the Masters in Corporate finance with Professor Mark Hutchinson. The course shortlisted for best postgrad business course by GradIreland in 2014. Celine represented UCC on the Cork Chamber of Commerce Financial Services Working Group and is the academic mentor for BSc Finance students on 3rd year work placement modules.

Celine completed her PhD thesis titled "" in  2014. The PhD thesis was completed under the supervision of Professor Derek Bunn of London Business School and Professor Ciaran Murphy at UCC. Her main research interests are in investment appraisal, investment in renewable energy assets, real options, carbon liabilities, impact of carbon on cost of debt, regulated returns, and cost of capital, community investment in renewables and fossil fuel lock in. 

Celine has significant industry experience. Prior to joining University College Cork (UCC) as a finance lecturer in 2009 she spent twelve years working as a corporate finance advisor. Her last position in industry was as Director of Corporate Finance at boutique corporate finance advisor Merrion Capital where she focused on the energy sector. Prior to this she spent three years working for Ireland’s largest private wind farm developer Southwestern Services where she was responsible for acquisitions and equity fundraising. Previously she worked in mergers and acquisitions at Deutsche Morgan Grenfell and Lehman Brothers in London and New York. Celine has also held position at Consensus Economics, Credit Lyonnais, Guinness Ireland and Trinity College Dublin. 

NASD (National Association of Securities Dealers, US Securities Authority) Series 7 qualified. SFA (Securities and Futures Authority, UK Securities Authority) qualified.

 

Research Interests

Celine's main research interests are in investment appraisal, investment in renewable energy assets, interconnection in power markets, real options, accounting for carbon, regulatory risk in invesments, impact of carbon on cost of debt, regulated returns, and cost of capital in regulated returns. Celine completed her PhD on investment incentives and valuation of power assets under the supervision of Professor Derek Bunn at London Business School and Professor Ciaran Murphy at University College Cork

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Research Projects

  • EU ETS and Competitiveness of Irish Industry (Environmental Protection Agency) €125,680.00 (30-NOV-16 / 31-MAR-18)
  • Long Term Resource Allocation and Funding in Primary and Social Care (Health Service Executive) €286,000.00 (12-FEB-16 / 12-FEB-19)
  • Role of Digitalisation and Innovation in Creating a Single Market for Retail Financial Services and Insurance (European Commission) €50,000.00 (04-NOV-15 / 04-APR-16)
  • Financial Incentives to promote a resource efficient Irish Economy. (Environment Protection Agency (EPA)) €151,153.00 (01-APR-15 / 01-JUL-17)
  • Financialisation of Agricultural Future Markets (Irish Research Council) €2,400.00 (01-MAR-16 / 01-MAR-17)
  • UCC Climate Change Conference (UCC Strategic Research Fund) €2,800.00 (30-SEP-15 / 30-SEP-16)
  • Fossil Fuel Lock-in in Ireland (Environment Protection Agency (EPA)) €249,417.00 (31-MAR-15 / 31-MAR-17)
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Affiliations

  • Member, British Institute for Energy Economists (/)
  • member, International Association for Energy Economics (/)
  • member, Irish Accounting and Finance Association (/)
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Modules

  • Corporate Finance 2
  • Corporate Internship
  • Professional Development
  • Corporate Financial Management
  • Corporate Financial Policies
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Languages

  • French : Reading=Fluent; Writing=Functional; Speaking=Fluent
  • Irish : Reading=Functional; Writing=Functional; Speaking=Functional
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Journal Activities

  • Referee, Journal Of Decision Systems (-)
  • Editor, The Journal Of Cleaner Production (-)
  • Referee, Energy Policy (-)
  • Referee, Accounting, Finance & Governance Review (-)
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Other Activities

  • EXTERNAL ADVISOR TO EU-FUNDED €3.5M HORIZON 2020 PROJECT ENTRUST (Energy System Transition through Stakeholder Activation, Education and Skills Development)
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Committees

  • Board member and Chair of Audit and Finance Commitee, Deaf Enterprises (Charity) Board Member (2016 /)
  • Accreditation Committee, CUBS Accreditation Committee (2015 /)
  • Committe member, UCC External Engagement (2014 /)
  • Committe member, AFIS Research Working Group (2014 /)
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Education

  • Dublin City University , Bachelor of Business Studies, Finance (1994)
  • Trinity College Dublin , Postgraduate Diploma in Statistics, Statistics (1996)
  • Trinity College Dublin , Master of Letters, M. Litt. Finance (1997)
  • UCC , PHD, Energy Finance (2014)
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Employment

  • Senior Lecturer in Finance, UCC (01-SEP-16 /)
  • College Lecturer, UCC (01-SEP-09 /)
  • Director Corporate Finance, Merrion Capital (01-OCT-06 / 30-AUG-09)
  • Manager Corporate Finance, SWS Group (01-JUL-04 / 30-SEP-06)
  • Managing Director, McInerney Consulting (01-DEC-03 / 30-JUN-04)
  • Associate Investment Banking, Lehman Brothers (01-MAY-99 / 15-FEB-03)
  • Analyst Investment Banking, Deutsche Morgan Grenfell (01-SEP-97 / 30-APR-99)
  • Assistant to Financial Controller, Guinness Ireland (01-MAR-93 / 30-SEP-93)
  • Economist, Consensus Economics (01-APR-95 / 30-JUL-95)
  • Derivatives Broker, Credit Lyonnais (01-SEP-94 / 30-MAR-95)
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Teaching Interests

  •    Business Finance 1
  • AC1117
  •    Business Finance 1
  • AC1118
  •    Analysis of Accounting Information
  • AC6002
  •    Investments
  • AC6102
  •    Capital Markets
  • AC6103
  •    Business Research Skills
  • AC6110
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Current Postgrads

  • Loughnane Conor (Doctoral Degree)
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Professional Achievements

Honours and Awards

  • Irish Accounting and Finance Association: Joint Winner 2011 Irish Accounting and Finance Association Doctoral Colloquium (2011)
  • Irish Accounting and Finance Association: Irish Accounting and Finance Association (IAFA) Scholar Award (2014)
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Publications

Peer Reviewed Journals

Year Publication
2017 Optimal over installation of wind generation facilities
McInerney, C. , Bunn, D.W (2017) Optimal over installation of wind generation facilities. : Energy Economics [Details]
2016 Financial incentives to mobilise local citizens as investors in low-carbon technologies: A systematic literature review
Curtin, J., McInerney, C., O'Gallachoir, B (2016) Financial incentives to mobilise local citizens as investors in low-carbon technologies: A systematic literature review. : Renewable & Sustainable Energy Reviews [Details]
2016 Lima Paris Action Agenda: Focus on Private Finance – a note from COP21
McInerney, C. Johannsdottir, L (2016) Lima Paris Action Agenda: Focus on Private Finance – a note from COP21. : The Journal of Cleaner Production [Details]
2016 Calls for Carbon Markets at COP21 – a conference report
Johannsdottir, L., McInerney, C (2016) Calls for Carbon Markets at COP21 – a conference report. : The Journal of Cleaner Production [Details]
2013 Valuation anomalies for interconnector transmission rights
McInerney, C,Bunn, D (2013) Valuation anomalies for interconnector transmission rights. : Energy Policy [Details]

Book Chapters

Year Publication
2015 Measuring the Carbon Delta in Financial Performance
Charles Donovan (2015) Measuring the Carbon Delta in Financial Performance. : : Imperial College Business School [Details]

Conference Publications

Year Publication
2015 Financial incentives to promote citizen engagement and investment in sustainable development - policy insights based on selected case studies
McInerney, C., Curtin, J (2015) Financial incentives to promote citizen engagement and investment in sustainable development - policy insights based on selected case studies. [Details]
2015 Financial Incentives for Grid Efficient Wind Farms
McInerney, C., Bunn, D.W (2015) Financial Incentives for Grid Efficient Wind Farms. [Details]
2015 The Role of Tax Incentives in Attracting Investment to the Resource Efficient Economy
McInerney, C., Curtin, J (2015) The Role of Tax Incentives in Attracting Investment to the Resource Efficient Economy. [Details]
2015 Efficient Use of Transmission Assets by Oversizing Wind Generation Facilities
McInerney, C., Bunn, D.W (2015) Efficient Use of Transmission Assets by Oversizing Wind Generation Facilities. [Details]
2014 Carbon Exposure and the Cost of Capital
McInerney,C., Bunn., D (2014) Carbon Exposure and the Cost of Capital. [Details]
2014 Credit Impairment for European Power Companies under Decarbonisation
McInerney,C., Bunn., D (2014) Credit Impairment for European Power Companies under Decarbonisation. [Details]
2013 Irish Accounting and Finance Association Annual Conference
McInerney, C (2013) Irish Accounting and Finance Association Annual Conference. [Details]
2012 British Institute of Energy Economics Conference
McInerney,C., Bunn., D (2012) British Institute of Energy Economics Conference. [Details]
2012 Irish Accounting and Finance Association Annual Conference
McInerney, C (2012) Irish Accounting and Finance Association Annual Conference. [Details]
2011 Irish Accounting and Finance Association Annual Conference
Celine McInerney (2011) Irish Accounting and Finance Association Annual Conference. [Details]
2010 Irish Accounting and Finance Association Annual Conference
Celine McInerney (2010) Irish Accounting and Finance Association Annual Conference. [Details]

Conference Contributions

Year Publication
2016 Finance, Investments and Financial Incentives forSustainable Food, Agriculture and Forestry. [Invited Lectures (Conference)]
McInerney (2016) Finance, Investments and Financial Incentives forSustainable Food, Agriculture and Forestry. [Invited Lectures (Conference)]. [Details]
2016 How to incentivise low carbon technology by focusing on individuals and communities. [Invited Lectures (Conference)]
McInerney, C. Curtin, J (2016) How to incentivise low carbon technology by focusing on individuals and communities. [Invited Lectures (Conference)]. [Details]
2016 Community Ownership, Structures and Considerations. [Invited Lectures (Conference)]
McInerney, C. Curtin, J (2016) Community Ownership, Structures and Considerations. [Invited Lectures (Conference)]. [Details]
2016 #Yieldco – finding the magic formula for institutional investment in renewable energy infrastructure. [Invited Lectures (Conference)]
McInerney, C (2016) #Yieldco – finding the magic formula for institutional investment in renewable energy infrastructure. [Invited Lectures (Conference)]. [Details]
2016 The Socio-Economics of the Energy Transition: The role of communities in building a zero carbon future'. [Invited Lectures (Conference)]
McInerney, C. Curtin, J (2016) The Socio-Economics of the Energy Transition: The role of communities in building a zero carbon future'. [Invited Lectures (Conference)]. [Details]
2015 Financial Incentives for Grid Efficient Wind Farms. [Oral Presentation]
McInerney, C, Bunn, D.W (2015) Financial Incentives for Grid Efficient Wind Farms. [Oral Presentation]. [Details]
2015 Efficient Use of Transmission Assets by Oversizing Wind Generation Facilities. [Oral Presentation]
McInerney, C., Bunn, D.W (2015) Efficient Use of Transmission Assets by Oversizing Wind Generation Facilities. [Oral Presentation]. [Details]
2015 Financial incentives to promote citizen engagement and investment in sustainable development - policy insights based on selected case studies. [Oral Presentation]
McInerney, C., Curtin, J (2015) Financial incentives to promote citizen engagement and investment in sustainable development - policy insights based on selected case studies. [Oral Presentation]. [Details]
2015 The Role of Tax Incentives in Attracting Investment to the Resource Efficient Economy. [Oral Presentation]
McInerney, C (2015) The Role of Tax Incentives in Attracting Investment to the Resource Efficient Economy. [Oral Presentation]. [Details]
2014 How Sensitive are European Power Company Share Prices and Cost of Debt to Carbon Emissions?. [Poster Presentation]
McInerney, C (2014) How Sensitive are European Power Company Share Prices and Cost of Debt to Carbon Emissions?. [Poster Presentation]. [Details]
2013 A Taxonomic Evaluation of Options in Wind Farm Development. [Oral Presentation]
McInerney, C (2013) A Taxonomic Evaluation of Options in Wind Farm Development. [Oral Presentation]. [Details]
2013 Financial Market Assessment of Carbon Liabilities. [Oral Presentation]
McInerney, C (2013) Financial Market Assessment of Carbon Liabilities. [Oral Presentation]. [Details]
2012 Valuation of Interconnector Transmission Rights – Do Auction Prices Reflect Option Values? Some Survey Evidence. [Oral Presentation]
McInerney,C., Bunn., D (2012) Valuation of Interconnector Transmission Rights – Do Auction Prices Reflect Option Values? Some Survey Evidence. [Oral Presentation]. [Details]
2012 Accounting for Carbon - A Review of Current Practices. [Oral Presentation]
McInerney, C (2012) Accounting for Carbon - A Review of Current Practices. [Oral Presentation]. [Details]
2011 An Interactive Financial Learning Management System. [Oral Presentation]
Neville K., Woodworth S., O' Sullivan Rochford C., McInerney C (2011) An Interactive Financial Learning Management System. [Oral Presentation]. [Details]
2011 Valuing Interconnector Transmission Rights– an Arbitrage or Options Approach?”. [Oral Presentation]
McInerney, C (2011) Valuing Interconnector Transmission Rights– an Arbitrage or Options Approach?”. [Oral Presentation]. [Details]
2010 The Impact of Interconnection on the Irish and UK Wholesale Electricity Markets. [Oral Presentation]
McInerney, C (2010) The Impact of Interconnection on the Irish and UK Wholesale Electricity Markets. [Oral Presentation]. [Details]
2014 Carbon Exposure and the Cost of Capital. [Invited Lectures (Conference)]
McInerney,C., Bunn., D (2014) Carbon Exposure and the Cost of Capital. [Invited Lectures (Conference)]. [Details]
2014 Credit Impairment for European Power Companies under Decarbonisation. [Invited Lectures (Conference)]
McInerney,C., Bunn., D (2014) Credit Impairment for European Power Companies under Decarbonisation. [Invited Lectures (Conference)]. [Details]
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