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Prof. Niall O'Sullivan

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Biography

Professor Niall O’Sullivan is Chair of Economics at Cork University Business School and Head of the Department of Economics. He obtained his PhD in Finance from Cass Business School (London) and his research interests are in fund management, asset pricing and empirical finance. He has published research in Journal of Banking and Finance, Journal of Empirical Finance, European Financial Management, Journal of Business Finance and Accounting and others. Professor O'Sullivan is Co-Director of the Centre for Investment Research and is a founding Director of Investanalitix - a specialist investment consultancy company. He is the recipient of substantial research grants from the Irish Research Council, Science Foundation Ireland and Enterprise Ireland. He has acted as consultant to international investment management firms. Prior to joining University College Cork, Professor O'Sullivan held the positions of Economist at Bank of Ireland Global Markets, Senior Treasury Consultant at FTI Finance and Trading Risk Analyst at Ulster Bank Markets. See also SSRN:

 

Research Interests

Professor O’Sullivan’s research interests are in fund management, asset pricing and empirical finance. He is Co-Director of the Centre for Investment Research (CIR). Based in UCC, the CIR is an international collaboration involving researchers at UCC, Cass Business School (London) and Dublin City University Business School. The Centre has specialist expertise in fund performance evaluation and asset management where it sponsors and supervises PhD candidates in several research projects. The Centre engages with the financial services industry in finance technology transfer.   

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Affiliations

  • Council Member, Irish Economic Association (01-APR-08 / 08-MAY-14)
  • Institute Member, Institute of Chartered Financial Analysts (31-DEC-99 /)
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Journal Activities

  • Member of Editorial Board, International Review Of Financial Analysis (-)
  • Referee, Journal Of Banking And Finance (-)
  • Referee, International Review Of Financial Analysis (-)
  • Referee, Journal Of Business Finance And Accounting (-)
  • Referee, International Advances In Economic Research (-)
  • Referee, Research In International Business And Finance (-)
  • Referee, European Financial Management (-)
  • Referee, International Journal Of Banking, Accounting And Finance (-)
  • Referee, European Journal Of Finance, (-)
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Committees

  • Member, Academic Council (2012 /)
  • Council Member, Irish Economic Assocation. (2008 / 2014)
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Education

  • Cass Business School, London. , Ph.D., Finance (2006)
  • Dublin City University, Ireland. , MSc, Investment and Treasury (2000)
  • University of Kent at Canterbury, UK. , MSc, Econometrics and Social Statistics (1996)
  • University College Cork, Ireland , MA, Economics (1994)
  • University College Cork, Ireland , BA, Economics and Mathematics (1993)
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Employment

  • Professor (Chair) in Economics, University College Cork (01-DEC-17 /)
  • Professor of Economics, University College Cork (01-FEB-16 / 30-NOV-17)
  • Senior Lecturer, University College Cork (01-FEB-12 / 01-FEB-16)
  • Adjunct Lecturer, Dublin City University (01-SEP-09 / 31-DEC-15)
  • Lecturer, Economics, University College Cork (01-OCT-00 / 01-FEB-12)
  • Economist, Bank of Ireland Global Markets (01-JAN-99 / 30-SEP-00)
  • Senior Consultant, FTI Finance (01-AUG-97 / 31-DEC-98)
  • Trading Risk Analyst, Ulster Bank Markets (01-MAR-97 / 31-JUL-97)
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Teaching Interests

  • Dr O' Sullivan generally teaches in the area of financial economics and econometrics. 
  • The following is a list of courses taught:
  • EC6045 Asset Pricing
  • EC6046 Fund Management and Evaluation 
  • EC6006 Treasury Risk Management
  • EC6625 Financial Economics for Firm Strategy
  • EC6626 Corporate Treasury Management
  • EC3119 Capital Markets and Asset Valuation
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Consultancy

  • Irish Life Corporate Business, 2012. : Fund Performance Evaluation.                      
  • Turner Commission on UK Pension Reform, 2005 : Live Now, Pay Later or Pay Now Live Later, Evidence to the Turner Commission on UK Pension Reform Live.
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Professional Achievements

Honours and Awards

  • Irish Research Council: Research Grant, Irish Research Council (2016)
  • Enterprise Ireland: Commercial Funding, Enterprise Ireland (2011)
  • Science Foundation Ireland: Research Grant, Science Foundation Ireland (SFI) (2007)
  • Irish Research Council for the Humanities and Social Sciences (IRCHSS): Research Grant, Irish Research Council for the Humanities and Social Sciences (IRCHSS) (2007)
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Publications

Peer Reviewed Journals

Year Publication
2017 Mutual Fund Skill in Timing Market Volatility and Liquidity
Jason Foran and Niall O'Sullivan (2017) Mutual Fund Skill in Timing Market Volatility and Liquidity. : International Journal of Finance and Economics [Details]
2017 The Market-Timing Ability of Chinese Equity Securities Investment Funds
Jun Gao, Niall O'Sullivan and Meadhbh Sherman (2017) The Market-Timing Ability of Chinese Equity Securities Investment Funds. : International Journal of Financial Studies [Details]
2017 Performance Persistence in Chinese Securities Investment Funds
Gao, Jun; O'Sullivan, Niall; Sherman, Meadhbh (2017) Performance Persistence in Chinese Securities Investment Funds. : Research in International Business and Finance [Details]
2016 A Review of Behavioural and Management Effects in Mutual Fund Performance
Cuthbertson, K., Nitzsche, D. and O'Sullivan, N (2016) A Review of Behavioural and Management Effects in Mutual Fund Performance. : International Review of Financial Analysis [Details]
2016 Multi-asset class mutual funds: Can they time the market? Evidence from the US, UK and Canada
Andrew Clare, Niall O'Sullivan, Meadhbh Sherman and Stephen Thomas (2016) Multi-asset class mutual funds: Can they time the market? Evidence from the US, UK and Canada. : Research in International Business and Finance [Details]
2015 Benchmarking UK Mutual Fund Performance: the Random Portfolio Experiment
Andrew Clare, Niall O'Sullivan and Meadhbh Sherman (2015) Benchmarking UK Mutual Fund Performance: the Random Portfolio Experiment. : The International Journal of Finance [Details]
2015 Liquidity Commonality and Pricing in UK Equities
Jason Foran, Mark Hutchinson, Niall O'Sullivan (2015) Liquidity Commonality and Pricing in UK Equities. : Research in International Business and Finance [Details]
2015 The Conditional Pricing of Systematic and Idiosyncratic Risk in the UK Equity Market
John Cotter, Niall O'Sullivan, Francesco Rossi (2015) The Conditional Pricing of Systematic and Idiosyncratic Risk in the UK Equity Market. : International Review of Financial Analysis [Details]
2014 Family Status and Mutual Fund Performance
Clare, A.; O'Sullivan, N.; Sherman, M (2014) Family Status and Mutual Fund Performance. : Journal of Asset Management [Details]
2014 Liquidity Risk and the Performance of UK Mutual Funds
Foran, J. and O'Sullivan, N (2014) Liquidity Risk and the Performance of UK Mutual Funds. : International Review of Financial Analysis [Details]
2014 The Asset Pricing Effects of UK Market Liquidity Shocks: Evidence from Tick Data
Foran, J., Hutchinson, M. and O'Sullivan, N (2014) The Asset Pricing Effects of UK Market Liquidity Shocks: Evidence from Tick Data. : International Review of Financial Analysis [Details]
2012 False Discoveries in UK Mutual Fund Performance
Cuthbertson, K.; Nitzsche D; O' Sullivan, N (2012) False Discoveries in UK Mutual Fund Performance. : European Financial Management [Details]
2011 Asset Price Effects Arising from Sports Results and Investor Mood: The Case of a Homogenous Fan Base Area
O' Sullivan, N. and Gallagher, R (2011) Asset Price Effects Arising from Sports Results and Investor Mood: The Case of a Homogenous Fan Base Area. : Applied Economics Quarterly [Details]
2011 Predictability Revisited: UK Equity Returns, 1965 - 2007
D. Bowen, M. Hutchinson and N. O' Sullivan (2011) Predictability Revisited: UK Equity Returns, 1965 - 2007. : Irish Accounting Review [Details]
2010 The Profitability of Momentum Trading Strategies in the Irish Equity Market
O' Sullivan, F; O' Sullivan, N (2010) The Profitability of Momentum Trading Strategies in the Irish Equity Market. : Irish Accounting Review [Details]
2010 High Frequency Equity Pairs Trading: Transaction Costs, Speed of Execution and Patterns in Returns
Bowen, D; Hutchinson, M; O' Sullivan, N (2010) High Frequency Equity Pairs Trading: Transaction Costs, Speed of Execution and Patterns in Returns. : Journal of Trading [Details]
2010 The Market Timing Ability of UK Mutual Funds
Cuthbertson, K., Nitzsche D. and N. O' Sullivan (2010) The Market Timing Ability of UK Mutual Funds. : Journal of Business Finance and Accounting [Details]
2010 Mutual Fund Performance: Measurement and Evidence
Cuthbertson, K.; Nitzsche D; O' Sullivan, N (2010) Mutual Fund Performance: Measurement and Evidence. : Financial Markets, Institutions and Instruments [Details]
2008 Investment Funds: What Next?
Cuthbertson, K., Nitzsche, D. and N. O' Sullivan (2008) Investment Funds: What Next?. : Quantitative and Qualitative Analysis in the Social Sciences [Details]
2008 Momentum Profits and Time-Varying Unsystematic Risk
Brooks, C., Li, X., Miffre, J. and N. O' Sullivan (2008) Momentum Profits and Time-Varying Unsystematic Risk. : Journal of Banking and Finance [Details]
2008 UK Mutual Fund Performance: skill or luck?
Cuthbertson, K., Nitzsche, D. and N. O' Sullivan (2008) UK Mutual Fund Performance: skill or luck?. : Journal of Empirical Finance [Details]

Other Journals

Year Publication
2008 Momentum Profits and Time-Varying Unsystematic Risk
Brooks, C., Liang, X., Miffre, J. and N. O’ Sullivan (2008) Momentum Profits and Time-Varying Unsystematic Risk. : CFA Digest [Details]

Newspaper Publications

Year Publication
2008 Early intervention to crisis is best form of damage control
Kavanagh, E., O' Sullivan, N. and D. Walshe (2008) Early intervention to crisis is best form of damage control. [Details]
2008 State injection to banks could end up good value
Connor, G., Hutchinson, M., Lucey, B., McCabe, P., Muckley, C., O' Sullivan, N. and V. Poti (2008) State injection to banks could end up good value. [Details]
2005 Most mutual funds rely on luck not skill
Cuthbertson, K., Nitzsche, D. and N. O' Sullivan (2005) Most mutual funds rely on luck not skill. [Details]
2001 Charlie Banks on a Quick Recovery
N. O' Sullivan (2001) Charlie Banks on a Quick Recovery. [Details]
2000 Building up hopes of a price slow-down not a good idea despite government moves
N. O' Sullivan (2000) Building up hopes of a price slow-down not a good idea despite government moves. [Details]
2000 Euro may rally after a disappointing year
N. O' Sullivan (2000) Euro may rally after a disappointing year. [Details]
2000 Primary reasons for surge in inflation are outside of the government's control
N. O' Sullivan (2000) Primary reasons for surge in inflation are outside of the government's control. [Details]
1999 Sterling Remains Strong as Downturn in UK Economy Bottoms Out
N. O' Sullivan (1999) Sterling Remains Strong as Downturn in UK Economy Bottoms Out. [Details]

Book Chapters

Year Publication
2004 Applications of Linear Factor Models (chapter 9)
N. O'Sullivan (2004) Applications of Linear Factor Models (chapter 9). : : Wiley & Sons [Details]

Cases

Year Publication
2001 Unknown type other_case
N. O' Sullivan (2001) Unknown type other_case. [Details]
2000 Unknown type other_case
N. O' Sullivan (2000) Unknown type other_case. [Details]

Conference Contributions

Year Publication
2014 Liquidity Pricing in the UK Equity Market. [Oral Presentation]
Jason Foran, Mark Hutchinson, Niall O'Sullivan (2014) Liquidity Pricing in the UK Equity Market. [Oral Presentation]. [Details]
2014 The Asset Pricing Effects of UK Market Liquidity Shocks: Evidence from Tick Data. [Oral Presentation]
J. Foran, M. Hutchinson and N. O'Sullivan (2014) The Asset Pricing Effects of UK Market Liquidity Shocks: Evidence from Tick Data. [Oral Presentation]. [Details]
2013 Idiosyncratic Risk and UK Equities. [Oral Presentation]
J. Cotter, N. O'Sullivan and F. Rossi (2013) Idiosyncratic Risk and UK Equities. [Oral Presentation]. [Details]
2013 Asset Price Effects Arising from Sports Results and Investor Mood. [Oral Presentation]
R. Gallagher and N. O'Sullivan (2013) Asset Price Effects Arising from Sports Results and Investor Mood. [Oral Presentation]. [Details]
2010 Linear and Non-Linear Asset Pricing Effects of UK Market Liquidity: Evidence from Tick Data. [Other]
J. Foran, M. Hutchinson, N. O'Sullivan (2010) Linear and Non-Linear Asset Pricing Effects of UK Market Liquidity: Evidence from Tick Data. [Other]. [Details]
2010 Reviewer. [Referee]
Niall O'Sullivan (2010) Reviewer. [Referee]. [Details]
2010 The Irish Economy and International Risk. [Invited Lectures (Conference)]
N. O' Sullivan (2010) The Irish Economy and International Risk. [Invited Lectures (Conference)]. [Details]
2009 Predictability in Daily UK Equity Returns from 1965-2007. [Conference Organising Committee Member]
G. Ryan, N. O' Sullivan, E. Shinnick (2009) Predictability in Daily UK Equity Returns from 1965-2007. [Conference Organising Committee Member]. [Details]
2009 Testing for the Presence and Pricing of Liquidity Risk in the UK Equity Market using Daily Data. [Other]
J. Foran, M. Hutchinson, N. O' Sullivan (2009) Testing for the Presence and Pricing of Liquidity Risk in the UK Equity Market using Daily Data. [Other]. [Details]
2009 Organiser. [Conference Organising Committee Member]
Niall O' Sullivan (2009) Organiser. [Conference Organising Committee Member]. [Details]
2009 Predictability in Daily UK Equity Returns from 1965-2007. [Other]
D. Bowen, M. Hutchinson, N. O' Sullivan (2009) Predictability in Daily UK Equity Returns from 1965-2007. [Other]. [Details]
2008 The Market Timing Ability of UK Equity Mutual Funds. [Invited Seminars/Guest Lectures]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2008) The Market Timing Ability of UK Equity Mutual Funds. [Invited Seminars/Guest Lectures]. [Details]
2008 UK Mutual Fund Performance: skill or luck?. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2008) UK Mutual Fund Performance: skill or luck?. [Oral Presentation]. [Details]
2008 UK Mutual Fund Performance: skill or luck?. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2008) UK Mutual Fund Performance: skill or luck?. [Oral Presentation]. [Details]
2008 False Discoveries: Winners and Losers in Mutual Fund Performance. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2008) False Discoveries: Winners and Losers in Mutual Fund Performance. [Oral Presentation]. [Details]
2008 The Market Timing Ability of UK Equity Mutual Funds. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N O' Sullivan (2008) The Market Timing Ability of UK Equity Mutual Funds. [Oral Presentation]. [Details]
2008 Reviewer. [Referee]
Niall O'Sullivan (2008) Reviewer. [Referee]. [Details]
2008 Reviewer. [Referee]
Niall O'Sullivan (2008) Reviewer. [Referee]. [Details]
2007 The Market Timing Ability of UK Equity Mutual Funds. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2007) The Market Timing Ability of UK Equity Mutual Funds. [Oral Presentation]. [Details]
2007 UK Mutual Fund Performance: skill or luck?. [Invited Seminars/Guest Lectures]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2007) UK Mutual Fund Performance: skill or luck?. [Invited Seminars/Guest Lectures]. [Details]
2006 UK Mutual Fund Performance: skill or Luck?. [Invited Seminars/Guest Lectures]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2006) UK Mutual Fund Performance: skill or Luck?. [Invited Seminars/Guest Lectures]. [Details]
2006 UK Mutual Fund Performance: skill or luck?. [Other]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2006) UK Mutual Fund Performance: skill or luck?. [Other]. [Details]
2006 Reviewer. [Referee]
Niall O'Sullivan (2006) Reviewer. [Referee]. [Details]
2006 The Persistence of UK Mutual Funds. [Invited Seminars/Guest Lectures]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2006) The Persistence of UK Mutual Funds. [Invited Seminars/Guest Lectures]. [Details]
2006 UK Mutual Fund Performance: skill or luck?. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2006) UK Mutual Fund Performance: skill or luck?. [Oral Presentation]. [Details]
2005 UK Mutual Fund Performance: skill or luck?. [Other]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2005) UK Mutual Fund Performance: skill or luck?. [Other]. [Details]
2005 UK Mutual Fund Performance: skill or luck?. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2005) UK Mutual Fund Performance: skill or luck?. [Oral Presentation]. [Details]
2005 UK Mutual Fund Performance: skill or luck?. [Other]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2005) UK Mutual Fund Performance: skill or luck?. [Other]. [Details]
2004 Asset Prices and Unit Trusts. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2004) Asset Prices and Unit Trusts. [Oral Presentation]. [Details]
2004 Do Funds Possess Genuine Stock Picking Ability?. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2004) Do Funds Possess Genuine Stock Picking Ability?. [Oral Presentation]. [Details]
2003 Your Money in Their Hands. [Oral Presentation]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2003) Your Money in Their Hands. [Oral Presentation]. [Details]
2003 Your Money in Their Hands. [Invited Seminars/Guest Lectures]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2003) Your Money in Their Hands. [Invited Seminars/Guest Lectures]. [Details]
2003 Your Money in Their Hands. [Invited Seminars/Guest Lectures]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2003) Your Money in Their Hands. [Invited Seminars/Guest Lectures]. [Details]
2003 Your Money in Their Hands. [Invited Seminars/Guest Lectures]
K. Cuthbertson, D. Nitzsche, N. O' Sullivan (2003) Your Money in Their Hands. [Invited Seminars/Guest Lectures]. [Details]
2003 Symposium of International Speakers. [Conference Organising Committee Member]
N. O' Sullivan, L. Gallagher (2003) Symposium of International Speakers. [Conference Organising Committee Member]. [Details]
2002 Stocks and Bonds: Eggs in the Same or Different Baskets. [Oral Presentation]
N. O' Sullivan (2002) Stocks and Bonds: Eggs in the Same or Different Baskets. [Oral Presentation]. [Details]
2002 Stocks and Bonds: Eggs in the Same or Different Baskets. [Oral Presentation]
N. O' Sullivan (2002) Stocks and Bonds: Eggs in the Same or Different Baskets. [Oral Presentation]. [Details]
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