Prof Niall O'Sullivan

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Economics
University College Cork
Cork University Business School

[email protected] ORCID profile www.ucc.ie/en/cir

Biography

Professor Niall O’Sullivan is Chair in Economics at Cork University Business School. He obtained his PhD in Finance from Cass Business School (London) and his research interests are in portfolio management, risk management, asset pricing, empirical finance and monetary economics. He has published research in Journal of Banking and Finance, Journal of Empirical Finance, European Financial Management, International JournaI of Finance and Economics, International Review of Financial Analysis, Journal of Financial Stability and others and is co-author of the major European-wide text book Derivatives: Theory and Practice (Wiley, 2019). Professor O'Sullivan is Co-Director of the Centre for Investment Research at UCC. 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.

  1. Publications
  2. Grants and Honours
  3. Other Activities
  4. Research Domains

Grants and Honours

  • 01/09/2017 - Pension Provision for an Aging Demographic Profile, Irish Research Council
  • 10/01/2014 - UCC Strategic Research Fund, University College Cork
  • 10/01/2012 - UCC Strategic Research Fund, University College Cork
  • 03/01/2012 - Enterprise Ireland Commercialisation Programme, Enterprise Ireland
  • 01/01/2007 - Edgeworth Centre for Financial Mathematics, Science Foundation of Ireland
  • 01/01/2007 - Centre for Investment Research, Irish Research Council
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Other Activities

  • 28/11/2019 - Irish Academy of Finance annual conference
  • 29/11/2018 - Irish Academy of Finance Conference
  • 24/05/2018 - Irish Pensions: A Crisis of Unpreparedness & the Role of Financial Literacy
  • 24/11/2017 - Irish Academy of Finance annual conference
  • 01/09/2016 - Head, Department of Economics
  • 01/09/2016 - Business School Board
  • 01/09/2016 - College Executive Management Committee
  • 01/10/2014 - Academic Council representative on Governing Body Committee on Students .
  • 01/03/2014 - Academic Council Teaching and Learning Committee
  • 01/01/2014 - Journal of Accounting, Finance and Economics
  • 01/10/2013 - Reviewer, National Science Foundation, USA.
  • 13/09/2012 - Academic Council
  • 01/09/2011 - ECIS 2002 Proceedings
  • 01/01/2010 - International Journal of Project Organization and Management Science
  • 01/01/2010 - European Financial Management
  • 01/01/2010 - Journal of Retail and Leisure Property
  • 01/01/2010 - European Journal of Finance
  • 01/01/2010 - Research in International Business and Finance
  • 01/01/2010 - International Advances in Economic Research
  • 01/01/2010 - Journal of Multinational Financial Management
  • 01/01/2010 - European Political Economy Review
  • 01/01/2010 - Managerial Finance
  • 24/04/2009 - Irish Economic Association annual conference
  • 01/03/2007 - University Research Ethics Committee
  • 01/05/2003 - Macro-Finance Symposium
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Research Domains

  • Asset Pricing
  • Empirical Finance
  •  Co-Director of the Centre for Investment Research (CIR)
  • Applied Econometrics  
  • Fund Performance and Management
  • Monetary Institutions and Monetary Policy
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Publications

Journal article

Year Publication
2019 CLARE, A., O'SULLIVAN, N., SHERMAN, M., ZHU, S. (2019). The performance of US bond mutual funds. International Journal of Financial Studies. doi:10.1016/j.irfa.2018.12.001. Details
2016 CLARE, A., SHERMAN, M., THOMAS, S., O'SULLIVAN, N. (2016). Multi-asset class mutual funds: Can they time the market? Evidence from the US, UK and Canada. Research in International Business and Finance, 36, 212-221. doi:10.1016/j.ribaf.2015.09.011. Details
2014 CLARE, A., O'SULLIVAN, N., SHERMAN, M. (2014). Family status and mutual fund performance. Journal of Asset Management. doi:10.1057/jam.2014.19. Details
2019 O'SULLIVAN, N., ZHU, S., FORAN, J. (2019). Sentiment versus liquidity pricing effects in the cross-section of UK stock returns. Journal of Asset Management. doi:10.1057/s41260-019-00119-3. Details
2017 FORAN, J., O'SULLIVAN, N. (2017). Mutual fund skill in timing market volatility and liquidity. International Journal of Economics and Finance. doi:10.1002/ijfe.1580. Details
2017 GAO, J., O'SULLIVAN, N., SHERMAN, M. (2017). Performance persistence in Chinese securities investment funds. Research in International Business and Finance. doi:10.1016/j.ribaf.2017.07.085. Details
2016 CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2016). A review of behavioural and management effects in mutual fund performance. International Journal of Financial Studies. doi:10.1016/j.irfa.2016.01.016. Details
2014 FORAN, J., O'SULLIVAN, N. (2014). Liquidity risk and the performance of UK mutual funds. International Journal of Financial Studies. doi:10.1016/j.irfa.2014.09.001. Details
2012 CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2012). False Discoveries in UK Mutual Fund Performance. European Financial Management. doi:10.1111/j.1468-036X.2009.00536.x. Details
2010 CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2010). Mutual fund performance: Measurement and evidence. Financial Markets, Institutions and Instruments. doi:10.1111/j.1468-0416.2010.00156.x. Details
2010 CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2010). The market timing ability of UK mutual funds. Journal of Business Finance and Accounting. doi:10.1111/j.1468-5957.2009.02157.x. Details
2008 LI, X., MIFFRE, J., BROOKS, C., O'SULLIVAN, N. (2008). Momentum profits and time-varying unsystematic risk. Journal of Banking and Finance. doi:10.1016/j.jbankfin.2007.03.014. Details
2008 CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2008). UK mutual fund performance: Skill or luck? Journal of Empirical Finance. doi:10.1016/j.jempfin.2007.09.005. Details
2019 GAO, J., ZHU, S., O'SULLIVAN, N., SHERMAN, M. (2019). The Role of Economic Uncertainty in UK Stock Returns. Journal of Risk and Financial Management. doi:10.3390/jrfm12010005. Details
2018 SHERMAN, M., O'SULLIVAN, N., GAO, J. (2018). The Market-Timing Ability of Chinese Equity Securities Investment Funds. International Journal of Financial Studies. doi:10.3390/ijfs5040022. Details
2015 CLARE, A., O'SULLIVAN, N., SHERMAN, M. (2015). Benchmarking UK Mutual Fund Performance: the Random Portfolio Experiment. The International Journal of Finance.
2015 COTTER, J., O'SULLIVAN, N., ROSSI, F. (2015). The conditional pricing of systematic and idiosyncratic risk in the UK equity market. International Review of Financial Analysis. doi:https://doi.org/10.1016/j.irfa.2014.10.002. Details
2011 O'SULLIVAN, N., GALLAGHER, R. (2011). Asset Price Effects Arising from Sports Results and Investor Mood. Applied Economics Quarterly. doi:10.3790/aeq.57.4.285. Details
2010 BOWEN, D., HUTCHINSON, M., O'SULLIVAN, N. (2010). High-Frequency Equity Pairs Trading: Transaction Costs, Speed of Execution, and Patterns in Returns. The Journal of Trading. doi:10.3905/jot.2010.5.3.031. Details
2008 KEITH, C., DIRK, N., O'SULLIVAN, N. (2008). Investment Funds: What Next? Quantitative and Qualitative Analysis in the Social Sciences.
2014 FORAN, J., HUTCHINSON, M., O'SULLIVAN, N. (2014). The asset pricing effects of UK market liquidity shocks: Evidence from tick data. International Review of Financial Analysis. doi:10.1016/j.irfa.2014.01.010. Details
2015 FORAN, J., HUTCHINSON, M., O'SULLIVAN, N. (2015). Liquidity commonality and pricing in UK equities. Research in International Business and Finance. doi:10.1016/j.ribaf.2015.02.006. Details
2020 GAO, J., O'SULLIVAN, N., SHERMAN, M. (2020). An evaluation of Chinese securities investment fund performance. Quarterly Review of Economics and Finance. doi:10.1016/j.qref.2019.08.007. Details
2020 ZHU, S., KAVANAGH, E., O'SULLIVAN, N. (2020). Constructing a financial conditions index for the United Kingdom: A comparative analysis. International Journal of Finance & Economics. Details
2021 ZHU, S., KAVANAGH, E., O'SULLIVAN, N. (2021). Inflation targeting and financial conditions: UK monetary policy during the great moderation and financial crisis. Journal of Financial Stability, 53. doi:10.1016/j.jfs.2020.100834. Details
2021 CLARE, A., CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2021). How skilful are US fixed-income fund managers? International Review of Financial Analysis, 74. doi:10.1016/j.irfa.2021.101673. Details
2021 ZHU, S., KAVANAGH, E., O'SULLIVAN, N. (2021). Uncovering the implicit short-term inflation target of the Bank of England. International Economics, 167, pp. 120-135. Details
2020 ZHU, S., KAVANAGH, E., O'SULLIVAN, N. (2020). Constructing a Financial Conditions Index for the United Kingdom: A comparative Analysis. International Journal of Finance & Economics. Details
2021 GAO, J., O'SULLIVAN, N., SHERMAN, M. (2021). Chinese securities investment funds: the role of luck in performance. Review of Accounting and Finance, 20 (5), 271-297. doi:10.1108/RAF-07-2020-0182. Details
2022 CLARE, A., SHERMAN, M., O'SULLIVAN, N., GAO, J., ZHU, S. (2022). Manager characteristics: Predicting fund performance. International Review of Financial Analysis, 80. doi:10.1016/j.irfa.2022.102049. Details
2022 CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2022). Mutual fund performance persistence: Factor models and portfolio size. International Review of Financial Analysis, 81. doi:10.1016/j.irfa.2022.102133. Details
2017 SHERMAN, M., O'SULLIVAN, N., GAO, J. (2017). The Market-Timing Ability of Chinese Equity Securities Investment Funds. International Journal of Financial Studies, 5 (4). doi:10.2139/ssrn.3054429. Details
2019 SHERMAN, M., GAO, J., S., Z., O'SULLIVAN, N. (2019). The Role of Economic Uncertainty in UK Stock Returns. Journal of Risk and Financial Management, 12 (1). doi:10.2139/ssrn.3355648. Details
2022 CLARE, A., SHERMAN, M., O'SULLIVAN, N., GAO, J., ZHU, S. (2022). Manager characteristics: Predicting fund performance. International Review of Financial Analysis, 80. doi:10.1016/j.irfa.2022.102049. Details
2023 CUTHBERTSON, K., NITZSCHE, D., O'SULLIVAN, N. (2023). UK mutual funds: performance persistence and portfolio size. Journal of Asset Management. doi:10.1057/s41260-023-00310-7. Details

Book

Year Publication
2019 CUTHBERTSON, K., O'SULLIVAN, N., NITZSCHE, D. (2019). Derivatives. Theory and Practice. Chicester: John Wiley & Sons. Details

Book chapter

Year Publication
2004 O'SULLIVAN, N. (2004). Applications of Linear Factor Models. Quantitative Financial Economics.

Magazine article

Year Publication
2010 BOWEN, D., HUTCHINSON, M., O'SULLIVAN, N. (2010). Predictability Revisited: UK Equity Returns, 1965 – 2007.
2010 O'SULLIVAN, N., O' SULLIVAN, F. (2010). The Profitability of Momentum Trading Strategies in the Irish Equity Market.
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