Biography
Professor Martha O"Hagan is an Associate Professor of Finance, a Fellow of TCD, and the Director of Undergraduate Teaching and Learning in Trinity Business School. She holds a BA in Economics, an MSc in Finance from Trinity College and a PhD in International Finance. Her research is in the area of Behavioural Finance, Entrepreneurship and Sustainable Finance, with a particular focus on financing nature restoration. She has published articles in the British Journal of Management, the Cambridge Journal of Economics, Small Business Economics, Ecosystem Services and Forest Policy and Economics. She is currently involved in several research projects in the area of funding nature restoration and conservation and is part of the Business and Nature Hub. Current research projects are ReFarm www.refarm.ie, FOREST https://www.tcd.ie/e3/forest/, FarmCredit https://www.farmcreditproject.com/and INVESTGREEN. She is on the advisory board of the AIB Trinity Climate Hub and on the Steering Committee of Natural Capital Ireland. Prior to completing her PhD Professor O"Hagan worked in Investment Banking in London and Dublin, for Bank of America, Credit Suisse First Boston and Bank of Ireland Global Markets. Her area of specialisation was derivatives and financial engineering. Professor O"Hagan has received multiple teaching awards - the Provost"s Teaching Excellence Award, a Teaching Hero Award and has received the Trinity Business School Teaching Excellence Award every year since 2018.
Publications and Further Research Outputs
Peer-Reviewed Publications
Laqiqige Zhu and Martha O'Hagan-Luff, Investigating barriers to afforestation in Ireland: Insights from a choice experiment survey, Forest Policy and Economics, 182, 2026
The Cost of Sustainability Reporting: Are Investors Charged Twice for Sustainability-Related Disclosures? in, Springer Nature Switzerland, 2026, pp233-254 , [Bevza, Irina, O"Hagan-Luff, Martha]
Risk-Return Management in Sustainable Finance: Collateral Basket Challenges for Synthetically Replicated Sustainability-Linked ETFs in a European Context in, Springer Nature Switzerland, 2026, pp393-411 , [Bevza, Irina, O"Hagan-Luff, Martha]
Zhu L., O'Hagan-Luff M., Valuing the invaluable: a review of economic valuations of forest biodiversity, Ecosystem Services, 78, 2026
Wylie N., O'Hagan-Luff M., An Investigation of the Relationship Between Central Bank Unconventional Monetary Policy and Bitcoin Activity, International Journal of Finance and Economics, 2026
Alina Sawy, Dieter Bögenhold, Martha O'Hagan-Luff, André van Stel, `I am my business': Solo entrepreneurs' self-presentation on social media, Journal of Management & Organization, 31, (6), 2025, p2726 - 2747
B Hoogendoorn, M O'Hagan-Luff, S Ramezani, A van Stel, Does self-employment provide a bridge to retirement?, Cambridge Journal of Economics, 48, (4), 2024, p767 - 784
Ruben Ruf, Jenny Berrill, Damien Cassells, Martha O"Hagan-Luff, Do Domestic Stock Markets Continue to Influence Immigrants" Mental Health When They Move Abroad?, Academy of Management Proceedings, 2024, (1), 2024
Irina Bevza and Martha O'Hagan-Luff, How Does Shareholding by Passive Institutional Investors Impact the Corporate Governance of European Firms?, Corporate Governance: An International Review, 2024
Perceptions of the self-employed and wage-employed regarding institutional conditions affecting entrepreneurship in, 2024, [D Bögenhold, M O'Hagan-Luff, Z Parastuty, A van Stel]
Ben Lynch, Martha O'Hagan-Luff, Finally, it seems to be working-the evolving valuation effect of the European Union's emissions trading system, The European Journal of Finance, 30, (3), 2023, p229 - 248, p229-248
J Cie"lik, E Nolan, M O'Hagan-Luff, A van Stel, Overconfidence among solo entrepreneurs: the role of national culture, the Journal of Small Business and Enterprise Development, 2023
Ben Lynch, Martha O'Hagan-Luff, Relative corporate social performance and cost of equity capital: International evidence, International Journal of Finance & Economics, 2023
Ben Lynch, Martha O'Hagan-Luff, Relative Corporate Social Performance and Cost of Equity Capital: International Evidence, European Financial Management, UCD, June 2021, 2021
Di Pietro, F., Monaghan, S. & O'Hagan-Luff, M., Entrepreneurial Finance and HRM Practices in Small Firms, British Journal of Management, 2021
Jenny Berrill, Domenico Campa, Martha O'Hagan-Luff. , Firm diversification and earnings management strategies: European evidence., International Review of Financial Analysis, 2021
Berrill, J., Cassells, D, O'Hagan-Luff, M. and Van Stel, A., The relationship between financial distress and well-being: Exploring the role of self-employment, International Small Business Journal, 39, (4), 2021, p330 - 349
Jenny Berrill, Martha O'Hagan-Luff, Andre van Stel, Analyzing the relationship between inward FDI, education and entrepreneurial activity at the macro-level, Revista Economia Laboral, 2021
Francesca di Pietro, Sinead Monaghan, Martha O'Hagan-Luff, Entrepreneurial Finance and HRM Practices in Small Firms , British Academy of Management, online, 2020
Jerzy Ciesli; Eimear Nolan; Martha O'Hagan-Luff, Andre van Stel. , Overconfidence among solo entrepreneurs: The role of national culture', 2020
Dieter Bögenhold, Martha O'Hagan-Luff, Zulaicha Parastuty, André van Stel , How do Policy Instruments Shape Intentions to Become Solo or Employer Entrepreneurs?, EURAM, online, 2020
Jenny Berrill, Martha O'Hagan-Luff, Andre van Stel, The Moderating Role of Education in the Relationship between FDI and Entrepreneurial Activity, Rethinking Cross-Border Entrepreneurship, Huelva, Spain (online), 2020
Martha O'Hagan-Luff, Jenny Berrill, Brian Lucey, Should We Invest More in Multinational Companies (MNCs) when Domestic Markets Decline?, Journal of Investment Strategies, 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
Jessica Geiger, Martha O'Hagan-Luff, How global are German corporations? An empirical investigation, Global Business and Economics Review, 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
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
Berrill, J., Kearney, C. and O'Hagan-Luff, M. , Measuring the Diversification Benefits of Investing in Highly Internationalised Firms, International Business Review, 28, (4), 2019, p672 - 684
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
Cormac Mullen and Martha O'Hagan-Luff, Alphabet Soup: The Relationship between Multinationality and Firm Performance, Transnational Corporations Review, 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
. 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
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
Berrill, Jenny; Lucey, Brian; O'Hagan-Luff, Martha. , Does Firm Internationalisation Matter to Investors when Markets are Declining?, Infiniti, Poznan, Poland, June 2018, 2018
Martha O'Hagan-Luff and Jenny Berrill, The international diversification benefits of U.S.‐traded equity products, International Journal of Finance and Economics, 2018
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
. 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
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
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
Berrill, J, Kearney, C & O'Hagan-Luff, M, The Diversification Benefits of Highly and Rapidly Internationalising Firms, Infiniti Conference, Ljubljana, June 2016, 2016
Berrill, Jenny, Kearney, Colm & O'Hagan-Luff, Martha, The Diversification Benefits of Highly and Rapidly Internationalising Firms, Infiniti Conference, Ljubljana, June 2016, 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
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
O'Hagan-Luff, Martha; Berrill, Jenny, Why Stay-at-Home Investing Makes Sense, International Review of Financial Analysis, 38, 2015, p1 - 14
O'Hagan-Luff, M & Berrill, J, Why Home-Based Investing in the US Makes Sense, Infiniti Conference, Prato, Italy, June 2014, 2014
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
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
O'Hagan-Luff, Martha, The Diversification Benefits of Highly and Rapidly Internationalizing Firms, AIB UKI Conference, , Aston Business School, Birmingham, March 2013, 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
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
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
Research Expertise
Projects
- Title
- Forest
- Summary
- Forest, linking nature and society.
- Funding Agency
- Kinsella E3 Funding
- Date From
- September 2021
- Date To
- September 2025
- Title
- Provost Research Award
- Summary
- The risk reduction benefits of Green Bonds
- Funding Agency
- Trinity College Dublin
- Date From
- 2019
- Date To
- 2023
- Title
- Government of Ireland PhD Scholarship
- Summary
- Home Bias in Investment Portfolios
- Funding Agency
- Irish Research Council
- Title
- ERC Enterprise Ireland Grant Funding
- Summary
- InvestGreen
- Funding Agency
- Enterprise Ireland
- Date From
- 2020
- Date To
- 2021
- Title
- TRISS Fellowship
- Summary
- Green Labelling Investment Funds
- Funding Agency
- TRISS
- Date From
- 2021
- Date To
- 2022
- Title
- ERC Teaching Buy Out
- Summary
- Project: funding in support of application for ERC application InvestGreen
- Funding Agency
- TCD
- Title
- Sustainable Investments in Pension Funds
- Funding Agency
- TCD Benefaction Fund
- Date From
- 2020
- Date To
- 2021
- Title
- Innovations in FinTech
- Funding Agency
- TCD Benefaction Fund
- Date From
- 2019
- Date To
- 2020
- Title
- Green Bond Issuance, the impact on risk
- Funding Agency
- TCD Benefaction Fund
- Date From
- 2018
- Date To
- 2019
- Title
- Antecedents of Senior Entrepreneurship
- Funding Agency
- TCD Visiting Professor Funding
- Date From
- 2019
- Date To
- 2020
- Title
- PhD Studentship
- Funding Agency
- Trinity Business School
- Date From
- 2011
- Date To
- 2014
Recognition
Representations
Co-editor of special issue of International Review of Entrepreneurship
External Examiner to Adam Smith Business School, Glasgow
Co-editor of Special Interest Group on Entrepreneurship at EURAM2020
Organising Committee for European Academy of Management conference in June 2020
Journal Reviewer for International Review of Financial Analysis
Academic Mentor for Chartered Financial Analyst Institute
Panel Organiser for Trinity Global Business Forum
Reviewer for Small Business Economics
Reviewer for Research in International Business and Finance
Awards and Honours
School Award for Excellence in Research Supervision
Trinity Business School Teaching Excellence Award
Trinity Business School Teaching Excellence Award
Trinity Business School Teaching Excellence Award
Teaching Hero Award
Winner of Provost Teaching Award
Provost's Research Award
Shortlisted Provost Teaching Award
Trinity Business School Teaching Excellence Award
Trinity Business School Teaching Excellence Award
Trinity Business School Teaching Excellence Award
Studentship Trinity Business School
Government of Ireland Postgraduate Scholarship - Irish Research Council
Memberships
Natural Capital Ireland Steering Committee