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Dr. Martha O'Hagan Luff
Assistant Professor, Trinity Business School

Biography

I am an Assistant Professor of Finance in Trinity College. I joined Trinity Business School in 2015. I hold a BA in Economics and an MSc in Finance from Trinity College and a PhD in International Finance. My research is in the area of International Diversification and Home Bias in Equity Investments, Entrepreneurship and Sustainable Finance. Prior to completing my PhD I worked in Investment Banking in London and Dublin, for Bank of America, Credit Suisse First Boston and Bank of Ireland Global Markets. My area of specialisation was derivatives and financial engineering.

I have published 9 articles in journals listed on the Association of Business School (ABS) list, which are ranked from 1 star to 4 star journals. 6 of my publications are published in 3 star ABS journals. I have 3 papers under review and have begun collaborations with international co-authors on seven new papers. I have presented papers at at least two international conferences in international business, finance and entrepreneurship conferences every year. I have organised research workshops with academics from universities in Poland, the Netherlands and Germany.

I have excelled in the area of teaching, winning awards for my teaching ability and providing high quality learning experiences for my students. I have designed and taught five different modules at undergraduate and postgraduate level. I designed, and am director of, the Business School's first interdisciplinary MSc, the MSc in Law and Finance. I have supervised many MSc dissertations every year and am currently supervising 4 PhD students, 3 of whom are funded by scholarships.

I have made a large number of contributions to the school and to the University. In 2018 I designed and brought to completion one of the first interdisciplinary MSc programmes in the University, offered in conjunction with the Law School. The MSc Law and Finance accepted its first students in September 2019 and has been very enthusiastically received by students and industry. I am the academic champion for the school's application for the Athena Swan Bronze accreditation, due for submission in April 2020. I have been a college tutor since the second year of my appointment with a chamber of 62 students. I am on the organising committee for the EURAM 2020 conference, a management conference with 1,800 expected delegates, being hosted by Trinity Business School in June 2020. I have been on confirmation panels, have been an internal examiner for a PhD Viva, and have been on two university interview panels for the Department of Economics and the Department of Sociology.

I have made contributions to the wider discipline of academia, I was appointed as External Examiner to Adam Smith Business School in Glasgow in September 2018 for a 3 year term, for modules in econometrics and accounting. I appeared at the Oireachtas Finance Committee in April 2018 and presented a report that I wrote on non-performing loans at Irish Banks. I chaired a panel on FinTech for the Trinity Business School Forum in 2018, and was a panellist at the Forum in 2019 on Business and Human Rights. I was a panellist at the launch in June 2019 of a report into the change in the tax treatment of philanthropic donations in Ireland. I am an active member of the Centre for Social Innovation.

I was awarded funding to assist with my application for an ERC Starter Grant from the AHSS ERC teaching buy-out scheme and from Enterprise Ireland in 2019. I was awarded the Provost's Research Award in 2018 and was shortlisted for the Provost's Teaching Award in 2019, as well winning TBS teaching excellence awards in 2018 and 2019.

Publications and Further Research Outputs

Peer-Reviewed Publications

Lynch, Ben; O'Hagan-Luff, Martha, Corporate Social Performance, Firm Value and Country-level Institutions, Academy of International Business, University of Sussex, UK, April 2019, 2019 Conference Paper, 2019

Jessica Geiger, Martha O'Hagan-Luff, How global are German corporations? An empirical investigation, Global Business and Economics Review, 2019 Journal Article, 2019

Martha O'Hagan-Luff, Jenny Berrill, Brian Lucey, Should We Invest More in Multinational Companies (MNCs) when Domestic Markets Decline?, The Journal of Investment Strategies, 2019 Journal Article, 2019

Lynch, Ben; O'Hagan-Luff, Martha, Corporate Social Performance, Firm Value and Country-level Institutions, Infiniti Finance Conference, University of Glasgow, UK, June 2019, 2019 Conference Paper, 2019

Berrill, Jenny; Cassells, Damien; O'Hagan-Luff, Martha; Van Stel, Andre, The relationship between financial distress and well-being: Exploring the role of self-employment, RENT, Vienna, Austria, July 2019, 2019 Conference Paper, 2019

Berrill, J., Kearney, C. and O'Hagan-Luff, M. , Measuring the Diversification Benefits of Investing in Highly Internationalised Firms, International Business Review, 2019 Journal Article, 2019

Martha O'Hagan-Luff and Jenny Berrill, The international diversification benefits of U.S.‐traded equity products, International Journal of Finance and Economics, 2018 Journal Article, 2018

Berrill, Jenny, Martha O'Hagan-Luff & Andre Van Stel, The moderating role of education in the relationship between FDI and entrepreneurial activity, Small Business Economics, 2018 Journal Article, 2018

Berrill, Jenny; O'Hagan-Luff, Martha; van Stel, Andre. , The Moderating Role of Education in the Relationship between FDI and Entrepreneurship, AIB-UKI Conference, Birmingham Business School, April 2018, 2018 Conference Paper, 2018

Cormac Mullen and Martha O'Hagan-Luff, Alphabet Soup: The Relationship between Multinationality and Firm Performance, Transnational Corporations Review, 2018 Journal Article, 2018

Berrill, Jenny; Lucey, Brian; O'Hagan-Luff, Martha. , Does Firm Internationalisation Matter to Investors when Markets are Declining?, Infiniti, Poznan, Poland, June 2018, 2018 Conference Paper, 2018

. Berrill, Jenny; Lucey, Brian; O'Hagan-Luff, Martha. , Does Firm Internationalisation Matter to Investors when Markets are Declining?, Irish Academy of Finance, Dublin, October 2018, 2018 Conference Paper, 2018

Lucey, B.M., Vigne, S.A., Ballester, L., Barbopoulos, L., Brzeszczynski, J., Carchano, O., Dimic, N., Fernandez, V., Gogolin, F., González-Urteaga, A., Goodell, J.W., Helbing, P., Ichev, R., Kearney, F., Laing, E., Larkin, C.J., Lindblad, A., Lon"arski, I., Ly, K.C., Marin", M., McGee, R.J., McGroarty, F., Neville, C., O'Hagan-Luff, M., Piljak, V., Sevic, A., Sheng, X., Stafylas, D., Urquhart, A., Versteeg, R., Vu, A.N., Wolfe, S., Yarovaya, L., Zaghini, A., Future directions in international financial integration research - A crowdsourced perspective, International Review of Financial Analysis, 55, 2018, p35-49 Journal Article, 2018 DOI

. O'Hagan-Luff, M, Berrill, J & Lucey, B, Does Firm Internationalisation Matter to Investors When Markets are Declining?, Infiniti Conference, Valencia, Spain, June 2017, 2017 Conference Paper, 2017

Berrill, J, O'Hagan-Luff, M, Van Stel, A. , The Joint Role of FDI and Education in Explaining Entrepreneurial Activity, IMES, Prague, Czech Republic, July 2017, 2017 Conference Paper, 2017

Berrill, J, Kearney, C & O'Hagan-Luff, M, The Diversification Benefits of Highly and Rapidly Internationalising Firms, European Financial Management Academy, Basel, Switzerland, July 2016, 2016 Conference Paper, 2016

Berrill, J, Kearney, C & O'Hagan-Luff, M, The Diversification Benefits of Highly and Rapidly Internationalising Firms, European Financial Management Academy, Basel, Switzerland, July 2016, 2016 Conference Paper, 2016

Berrill, J, Kearney, C & O'Hagan-Luff, M, The Diversification Benefits of Highly and Rapidly Internationalising Firms, Infiniti Conference, Ljubljana, June 2016, 2016 Conference Paper, 2016

Martha O'Hagan-Luff, Jenny Berrill, US firms - How global are they? A longitudinal study, International Review of Financial Analysis, 44, (1), 2016, p1 - 45 Journal Article, 2016 DOI

Berrill, Jenny, Kearney, Colm & O'Hagan-Luff, Martha, The Diversification Benefits of Highly and Rapidly Internationalising Firms, Infiniti Conference, Ljubljana, June 2016, 2016 Conference Paper, 2016

O'Hagan-Luff, Martha; Berrill, Jenny, Why Stay-at-Home Investing Makes Sense, International Review of Financial Analysis, 38, 2015, p1 - 14 Journal Article, 2015 URL

O'Hagan-Luff, M, Berrill, J & Lucey, B, Does Firm Internationalisation Matter to Investors When Markets are Declining? , Infiniti Conference, Trinity College, Dublin, June 2015, 2015 Conference Paper, 2015

O'Hagan-Luff, M & Berrill, J, Why Home-Based Investing in the US Makes Sense, Infiniti Conference, Prato, Italy, June 2014, 2014 Conference Paper, 2014

O'Hagan-Luff, M & Berrill, J, Why Home-Based Investing in the US Makes Sense, Irish Society of New Economists, NUI Maynooth, September 2013, 2013 Conference Paper, 2013

O'Hagan-Luff, Martha, The Diversification Benefits of Highly and Rapidly Internationalizing Firms, AIB UKI Conference, , Aston Business School, Birmingham, March 2013, 2013 Conference Paper, 2013

O'Hagan-Luff, M, Berrill, J & Kearney, C, The Diversification Benefits of Highly and Rapidly Internationalising Firms, Infiniti Conference, Aix-en-Provence, France, June 2013, 2013 Conference Paper, 2013

O'Hagan-Luff, M & Berrill, J, A Comparison of the Indirect Diversification Benefits of US Equity Investments, Academy of International Business, Liverpool University, March 2012, 2012 Conference Paper, 2012

O'Hagan-Luff, Martha; Berrill, Jenny, A Comparison of the International Diversification Benefits of US-Traded Equity products, Infiniti Conference, Trinity College Dublin, June 2012, 2012 Conference Paper, 2012

Colm Kearney, Jenny Berrill, Martha O'Hagan Luff, The Indirect International Diversification Benefits of Investing in US Multinationals, , Academy of International Business-UKI Conference, University of Edinburgh, April 2011, 2011 Conference Paper, 2011

Berrill, Jenny; Kearney, Colm; O'Hagan-Luff, Martha, The Indirect International Diversification Benefits of Investing in US Multinationals, Infiniti Conference, Trinity College Dublin, June 2011, 2011 Conference Paper, 2011

Research Expertise

Description

My PhD research was in the area of international diversification and the behavioural factors that influence investors who overinvest in their domestic market. This contributes to the field of international finance by evaluating how international investment is recorded and questioning whether behavioural factors are as strong as previously believed. This resulted in 4 publications, two in the International Review of Financial Analysis, one in the International Business Review and one in the International Journal of Finance and Economics. The impact factors of these journals are 1.693, 3.639 and 0.636 respectively. I continued work in this area with 4 other publications in the area of international finance. One of these papers combines the fields of international investment and entrepreneurship by examining the incidence of entrepreneurship in countries with high levels of inward investment and the moderating effect of the education levels of the labour force in those countries. This was published in Small Business Economics, which has an impact factor of 3.555, and makes an important contribution to policy for countries such as Ireland, where policies encouraging both foreign investment and entrepreneurship may counteract each other. To date, my citations are 47 and my H index is 3. I have 3 papers which are currently under review. The first, has been submitted to a 4 star ABS journal, Business Ethics Quarterly, and evaluates the impact of a firm's Environmental and Social Ranking on its financial valuation. Another paper, under review at a 3 star ABS journal, Work and Occupations, examines the impact of financial distress on the well-being of the self-employed, and makes an important contribution by considering the solo self-employed. Another paper investigating the impact of industrial and international diversification on earnings management in European firms was submitted to a 3 star journal in September 2019. I am currently working on seven papers in the areas of finance, entrepreneurship, innovation and internationalisation, with international co-authors in Germany, Austria, France, the Netherlands and Poland, and plan to submit all of them to 3 or 4 star journals in the coming two years. One of these papers investigates the antecedents of senior entrepreneurship, an important policy issue in many developed markets given their aging workforce. Another uses a unique survey database on entrepreneurial intentions, which investigate the factors which influence the intention to start a business. A third paper looks at the change in well-being of those who switch into self-employment from wage employment. A fourth paper examines overconfidence in entrepreneurship. These papers are co-authored with academics in the Netherlands, Poland and Austria. I am currently collecting data for a paper which examines the spillover effects of exports on innovation, using longitudinal data on Irish firms from the Central Statistics Office in Dublin, co-authored with academics in Kiel in Germany. A further paper explores the impact on firm size of foreign direct investment in Ireland during the era of protectionism. This is co-authored with Frank Barry and Andre van Stel, both in Trinity. A further two papers examine patterns of financing and innovation within small and medium size firms. I received a Provost's Research Award for research in the area of sustainable finance. I am apply for an ERC Starter Grant for further work in this area. I received the teaching buyout funding and Enterprise Ireland funding to assist with the ERC application.

Keywords

behavioural Finance; Corporate finance; economics and finance; Entrepreneurship; Finance; International Finance; international finance ; Social Finance; Sustainable Finance

Recognition

Representations

Co-editor of special issue of International Review of Entrepreneurship 2020

External Examiner to Adam Smith Business School, Glasgow 2018

Co-editor of Special Interest Group on Entrepreneurship at EURAM2020 2019

Organising Committee for European Academy of Management conference in June 2020 May 2019

Journal Reviewer for International Review of Financial Analysis 2014 - Present

Academic Mentor for Chartered Financial Analyst Institute 2014 - Present

Panel Organiser for Trinity Global Business Forum March 2017

Reviewer for Small Business Economics 2018

Reviewer for Research in International Business and Finance 2018

Awards and Honours

Provost's Research Award Jan 2019

Short-listed Provost's Teaching Award May 2019

Trinity Business School Teaching Excellence Award June 2019

Trinity Business School Teaching Excellence Award June 2018

Scholarship Trinity Business School 2011

Government of Ireland Postgraduate Scholarship - Irish Research Council 2011 - 2014

Memberships

Chartered Financial Analysts 2015 – Present

Academic Advisor to the Trinity Student Managed Fund 2016 – Current

Academic Mentor for the Chartered Financial Analyst Challenge 2015 – Current