Dr Thomas O'Connor

    School of Business

    Lecturer
    Assistant Professor

    TSI Building
    2nd Floor
    249
    (01) 708 6667

    Biography

    Dr. Thomas O'Connor is a lecturer in Finance. His work in the areas of corporate finance and corporate governance has been published in leading peer-reviewed academic journals such as European Financial Management; Journal of Financial Research; Journal of International Financial Markets, Institutions and Money; International Review of Finance; Journal of Multinational Financial Management; Emerging Markets Review; International Review of Economics and Finance; The Quarterly Review of Economics and Finance; and the International Journal of Managerial Finance, among others.

    Research Interests

    Payout policy; capital structure; corporate governance; international cross listings; emerging market finance; systemic risk of non-financial corporations.  

    Book Chapters

      Year Publication
    2012 'Cross-Listing Behavior'
    O'Connor, T. and K. Phylaktis. (2012) 'Cross-Listing Behavior' In: Baker, H. K., and L.A. Riddick (eds). Survey of International Finance. London: Oxford University Press. [Details]

    Peer Reviewed Journals

      Year Publication
    2023 'The corporate governance lifecycle in emerging markets – the case of the Korea Republic'
    McNally, B, and T. O'Connor (2023) 'The corporate governance lifecycle in emerging markets – the case of the Korea Republic'. Corporate Governance International Journal of Business in Society, [Details]
    2022 'Non-financial corporations and systemic risk'
    Dungey M.;Flavin T.;O'Connor T.;Wosser M. (2022) 'Non-financial corporations and systemic risk'. Journal of Corporate Finance, 72 [DOI] [Details]
    2023 'Building financial flexibility in preparation for Brexit: the case of Irish medium-sized enterprises'
    McNamara, A., O’Connor, T., and S. O’Donohue. (2023) 'Building financial flexibility in preparation for Brexit: the case of Irish medium-sized enterprises'. IRISH JOURNAL OF MANAGEMENT, [Details]
    2021 'Corporate governance, life cycle, and payout precommitment: An emerging market study'
    Flavin T.;Goyal A.;O'Connor T. (2021) 'Corporate governance, life cycle, and payout precommitment: An emerging market study'. Journal of Financial Research, 44 (1):179-209 [DOI] [Details]
    2020 'Corporate governance and life cycles in emerging markets'
    Esqueda, O. and T. O'Connor. (2020) 'Corporate governance and life cycles in emerging markets'. Research in International Business and Finance, 51 [DOI] [full-text] [Details]
    2019 'Valuation of defined benefit pension schemes in IAS 19 employee benefits - true and fair?'
    McNally, B., Garvey, A., and T. O’Connor. (2019) 'Valuation of defined benefit pension schemes in IAS 19 employee benefits - true and fair?'. JOURNAL OF FINANCIAL REGULATION AND COMPLIANCE, 27 (1):31-42 [DOI] [full-text] [Details]
    2015 'Governance and the corporate lifecycle'
    Byrne, J., and T. O'Connor. (2015) 'Governance and the corporate lifecycle'. International Journal of Managerial Finance, 11 (1):23-43 [DOI] [full-text] [Details]
    2017 'Creditor rights, culture and dividend payout policy'
    Byrne, J., and T. O'Connor. (2017) 'Creditor rights, culture and dividend payout policy'. Journal of Multinational Financial Management, 39 :60-77 [DOI] [full-text] [Details]
    2015 'When does corporate governance matter? Evidence from across the corporate life-cycle'
    Byrne, J., and T. O'Connor. (2015) 'When does corporate governance matter? Evidence from across the corporate life-cycle'. Managerial Finance, 41 (7):673-691 [DOI] [Details]
    2017 'Reputation building and the lifecycle model of dividends'
    Flavin, T., and T. O'Connor (2017) 'Reputation building and the lifecycle model of dividends'. Pacific Basin Finance Journal, 46 :177-190 [DOI] [full-text] [Details]
    2017 'How do creditors respond to disclosure quality? Evidence from corporate dividend payouts'
    Byrne, J., and T. O'Connor (2017) 'How do creditors respond to disclosure quality? Evidence from corporate dividend payouts'. Journal of International Financial Markets, Institutions and Money, 49 :154-172 [DOI] [full-text] [Details]
    2014 'Legal protection of investors, corporate governance, and investable premia in emerging markets'
    O'Connor, T., Kinsella, S., and O'Sullivan, V. (2014) 'Legal protection of investors, corporate governance, and investable premia in emerging markets'. International Review of Economics and Finance, 29 :426-439 [DOI] [full-text] [Details]
    2013 'Equity market liberalization and firm growth'
    O'Connor T. (2013) 'Equity market liberalization and firm growth'. Review of Development Finance, 3 (1):1-12 [DOI] [full-text] [Details]
    2013 'The Effects of Ownership Structure on Corporate Financing Decisions: Evidence from Stock Market Liberalization'
    Flavin, T., and T. O'Connor. (2013) 'The Effects of Ownership Structure on Corporate Financing Decisions: Evidence from Stock Market Liberalization'. International Review of Finance, 13 :383-405 [DOI] [full-text] [Details]
    2012 'Creditor rights and the outcome model of dividends'
    Byrne, J. and T. O'Connor. (2012) 'Creditor rights and the outcome model of dividends'. Quarterly Review of Economics and Finance, 52 (2):227-242 [DOI] [full-text] [Details]
    2012 'Investability and Firm Value'
    Mitton, T., and T. O'Connor. (2012) 'Investability and Firm Value'. European Financial Management, 18 :731-761 [DOI] [full-text] [Details]
    2012 'Investability, corporate governance and firm value'
    O'Connor T. (2012) 'Investability, corporate governance and firm value'. Research in International Business and Finance, 26 (1):120-136 [DOI] [full-text] [Details]
    2011 'Financial development, internationalisation and firm value'
    O'Connor T. (2011) 'Financial development, internationalisation and firm value'. Journal of Emerging Market Finance, 10 (1):21-71 [DOI] [full-text] [Details]
    2010 'The sequencing of stock market liberalization events and corporate financing decisions'
    Flavin, T., and T. O'Connor. (2010) 'The sequencing of stock market liberalization events and corporate financing decisions'. Emerging Markets Review, 11 :183-204 [DOI] [full-text] [Details]
    2009 'Is there a cross listing premium for non-exchange traded depositary receipts?'
    O'Connor T. (2009) 'Is there a cross listing premium for non-exchange traded depositary receipts?'. International Research Journal of Finance and Economics, 1 (25):183-202 [Details]
    2006 'Cross-listing in the U.S. and domestic investor protection'
    O'Connor T. (2006) 'Cross-listing in the U.S. and domestic investor protection'. Quarterly Review of Economics and Finance, 46 (3):413-436 [DOI] [full-text] [Details]
    2014 'Which factors determine the capital structure of non-financial publicly traded Irish firms?'
    Byrne, J., McNally, B., and T. O'Connor (2014) 'Which factors determine the capital structure of non-financial publicly traded Irish firms?'. The Irish Accounting Review, In Press, 2014 [full-text] [Details]
    2013 'Actuarial valuation of pension scheme – an Irish perspective'
    McNally, B., and T. O'Connor. (2013) 'Actuarial valuation of pension scheme – an Irish perspective'. The Irish Accounting Review, In Press [full-text] [Details]
    2010 'Are there permanent valuation gains from becoming investable?'
    O'Connor, T. (2010) 'Are there permanent valuation gains from becoming investable?'. BANKING AND FINANCE LETTERS, 10 [full-text] [Details]
    2009 'The valuation effects of cross listing abroad for Irish firms'
    O'Connor, T. (2009) 'The valuation effects of cross listing abroad for Irish firms'. The Irish Accounting Review, 16 :55-87 [full-text] [Details]
    2009 'Does cross-listing in the U.S. really enhance the vaue of emerging market firms?'
    O'Connor, T. (2009) 'Does cross-listing in the U.S. really enhance the vaue of emerging market firms?'. Review of Accounting and Finance, 8 :308-336 [DOI] [full-text] [Details]

    Other Journals

      Year Publication
    2022 'Payout policy during market-wide financial constraints: Evidence from the Covid-19 downturn'
    Esqueda, O., and T. O'Connor (2022) 'Payout policy during market-wide financial constraints: Evidence from the Covid-19 downturn' Applied Finance Letters, 11 :82-93. [Details]
    2013 'Dividend payout and corporate governance in emerging markets: which governance provisions matter?'
    O'Connor, T. (2013) 'Dividend payout and corporate governance in emerging markets: which governance provisions matter?' International Journal of Corporate Governance, 4 (2) :181-207. [DOI] [Details]
    2013 'The relationship between dividend payout and corporate governance along the corporate life-cycle'
    O'Connor, T. (2013) 'The relationship between dividend payout and corporate governance along the corporate life-cycle' International Journal of Corporate Governance, 4 (1) :20-50. [DOI] [full-text] [Details]
    2013 'Dividend payout, corporate governance, and the enforcement of creditor rights in emerging markets'
    O'Connor, T. (2013) 'Dividend payout, corporate governance, and the enforcement of creditor rights in emerging markets' IUP Journal of Corporate Governance, 4 (2) :7-34. [Details]
    2013 'Legal bonding, investor recognition, and cross-listing premia in emerging markets'
    O'Connor, T. (2013) 'Legal bonding, investor recognition, and cross-listing premia in emerging markets' International Journal of Accounting and Finance, 4 :209-239. [DOI] [Details]

    Conference Contributions

      Year Publication
    2009 7th INFINITI Conference.
    Thomas O'Connor (2009) 7th INFINITI Conference. [Oral Presentation], Investability and financing in emerging markets, Dublin [Details]
    2008 6th INFINITI Conference.
    Thomas O'Connor (2008) 6th INFINITI Conference. [Oral Presentation], Investability and firm value, Dublin [Details]
    2007 5th INFINITI Conference.
    Thomas O'Connor (2007) 5th INFINITI Conference. [Oral Presentation], Is there a cross-listing premium for non-exchange traded depositary receipts?, Dublin [Details]
    2005 Irish Accounting and Finance Annual Conference.
    Thomas O'Connor (2005) Irish Accounting and Finance Annual Conference. [Oral Presentation], Does Cross-Listing in the U.S. really enhance value?, Limerick [Details]
    2005 Global Finance Conference.
    Thomas O'Connor (2005) Global Finance Conference. [Oral Presentation], Does Cross-Listing in the U.S. really enhance value?, Dublin [Details]
    2005 3rd INFINITI Conference.
    Thomas O'Connor (2005) 3rd INFINITI Conference. [Oral Presentation], Cross-listing in the U.S. and domestic investor protection, Dublin [Details]
    2005 Emerging Markets Finance Conference 2005.
    Thomas O'Connor (2005) Emerging Markets Finance Conference 2005. [Poster Presentation], Does Cross-Listing in the U.S. really enhance value?, CASS Business School, London [Details]
    2004 Money Macro Finance (MMF) Annual Conference 2004.
    Thomas O'Connor (2004) Money Macro Finance (MMF) Annual Conference 2004. [Oral Presentation], Cross-listing in the U.S. and domestic investor protection, CASS Business School, London [Details]

    Magazine Article

      Year Publication
    2014 Actuarial valuation of pension scheme – an Irish perspective.
    McNally, B., and T. O'Connor (2014) Actuarial valuation of pension scheme – an Irish perspective. Dublin, Ireland: Magazine Article [full-text] [Details]

    Thesis

      Year Publication
    2007 The effects of international equity cross-listing on investor protection and firm value.
    Thomas O'Connor (2007) The effects of international equity cross-listing on investor protection and firm value. Thesis [Details]

    Working Paper

      Year Publication
    2020 Role of Corporate Governance and Lifecycle in determining payout precommitment in an emerging market.
    Flavin, T., Goyal, A., O'Connor, T. (2020) Role of Corporate Governance and Lifecycle in determining payout precommitment in an emerging market. Maynooth Univeristy: Working Paper [Details]
    2020 Industrial firms and Systemic Risk.
    Dungey, M., Flavin, T., O'Connor, T and Wosser. M. (2020) Industrial firms and Systemic Risk. Maynooth Univeristy: Working Paper [Details]
    2017 Creditor rights, culture and dividend payout policy.
    Byrne, J., and T. O'Connor (2017) Creditor rights, culture and dividend payout policy. Working Paper [full-text] [Details]
    2013 The effects of ownership structure on corporate financing decisions: evidence from stock market liberalizations.
    Flavin, Thomas J. and O'Connor, Thomas (2013) The effects of ownership structure on corporate financing decisions: evidence from stock market liberalizations. Working Paper [full-text] [Details]
    2017 Reputation building and the lifecycle model of dividends.
    Flavin, T., and T. O'Connor (2017) Reputation building and the lifecycle model of dividends. Working Paper [full-text] [Details]
    2017 How do creditors respond to disclosure quality? Evidence from corporate dividend payouts.
    Byrne, J., and T. O'Connor (2017) How do creditors respond to disclosure quality? Evidence from corporate dividend payouts. Working Paper [full-text] [Details]
    2015 Which factors determine the capital structure of non-financial publicly traded Irish firms?.
    Byrne, J., McNally, B., and T. O'Connor (2015) Which factors determine the capital structure of non-financial publicly traded Irish firms?. Working Paper [Details]
    2013 Dividend payout and corporate governance in emerging markets: which governance provisions matter?.
    Thomas O'Connor (2013) Dividend payout and corporate governance in emerging markets: which governance provisions matter?. Working Paper [full-text] [Details]
    2013 Dividend payout, corporate governance, and the enforcement of creditor rights in emerging markets.
    Thomas O'Connor (2013) Dividend payout, corporate governance, and the enforcement of creditor rights in emerging markets. Working Paper [full-text] [Details]
    2012 Creditor rights and the outcome model of dividends.
    Byrne, J., and T. O'Connor (2012) Creditor rights and the outcome model of dividends. Working Paper [full-text] [Details]
    2015 When does corporate governance matter? Evidence from across the corporate life-cycle.
    Byrne, J., and T. O'Connor (2015) When does corporate governance matter? Evidence from across the corporate life-cycle. Working Paper [Details]
    2015 Governance and the corporate life-cycle.
    Byrne, J., and T. O'Connor (2015) Governance and the corporate life-cycle. Working Paper [full-text] [Details]
    2014 Legal bonding, investor recognition, and cross-listing premia in emerging markets.
    Thomas O'Connor (2014) Legal bonding, investor recognition, and cross-listing premia in emerging markets. Working Paper [full-text] [Details]
    2014 Legal protection of investors, corporate governance, and investable premia in emerging markets.
    Kinsella, S., O'Sullivan, K.P.V., and T. O'Connor (2014) Legal protection of investors, corporate governance, and investable premia in emerging markets. Working Paper [full-text] [Details]
    2013 The relationship between dividend payout and corporate governance along the corporate life-cycle.
    Thomas O'Connor (2013) The relationship between dividend payout and corporate governance along the corporate life-cycle. Working Paper [full-text] [Details]
    2013 Equity market liberalization and firm growth.
    Thomas O'Connor (2013) Equity market liberalization and firm growth. Working Paper [full-text] [Details]
    2012 Investability and firm value.
    Mitton, T., and T. O'Connor (2012) Investability and firm value. Working Paper [full-text] [Details]
    2012 Investability, corporate governance and firm value.
    Thomas O'Connor (2012) Investability, corporate governance and firm value. Working Paper [full-text] [Details]
    2011 Financial development, internationalization and firm value.
    Thomas O'Connor (2011) Financial development, internationalization and firm value. Working Paper [Details]
    2010 Are there permanent valuation gains from becoming investable?.
    Thomas O'Connor (2010) Are there permanent valuation gains from becoming investable?. Working Paper [Details]
    2010 The sequencing of stock market liberalization events and corporate financing decisions.
    Flavin, T., and T. O'Connor (2010) The sequencing of stock market liberalization events and corporate financing decisions. Working Paper [full-text] [Details]
    2009 The valuation effects of cross-listing abroad for Irish firms.
    Thomas O'Connor (2009) The valuation effects of cross-listing abroad for Irish firms. Working Paper [Details]
    2009 Is there a cross-listing premium for non-exchange traded depositary receipts?.
    Thomas O'Connor (2009) Is there a cross-listing premium for non-exchange traded depositary receipts?. Working Paper [Details]
    2009 Does cross-listing in the U.S. really enhance the value of emerging market firms?.
    Thomas O'Connor (2009) Does cross-listing in the U.S. really enhance the value of emerging market firms?. Working Paper [Details]
    2006 Cross-listing in the U.S. and domestic investor protection.
    Thomas O'Connor (2006) Cross-listing in the U.S. and domestic investor protection. Working Paper [full-text] [Details]

    Education

      Year Institution Qualification Subject
    2007 NUI Maynooth PhD Financial Economics
    2001 University of Limerick BBS Economics and Finance
    2002 NUI Maynooth MA Economics and Finance

    Teaching Interests

    Corporate Finance; Financial Management; Investments.

    Internal Collaborators

      Name Institute Country
    Bridget Mc Nally IRELAND
    Tom Flavin IRELAND

    External Collaborators

      Name Role / Description Country
    Dr. Michael Wosser, Central Bank of Ireland IRELAND
    Dr. Omar Esqueda, Tarleton State University U.S.A.
    Professor Todd Mitton, Brigham Young University U.S.A.
    Professor Kate Phylaktis, CASS Business School UNITED KINGDOM
    Dr. Vincent O'Sullivan, Central Bank of Ireland IRELAND
    Professor Mardi Dungey, University of Tasmania AUSTRALIA
    Dr. Stephen Kinsella, UL IRELAND
    Dr. Julie Byrne, UCD IRELAND