Introduction
I have published a large number of papers on a variety of areas. Below please find a list of research papers, in chronological order. If you would rather, a page with papers in thematic areas is here. Where possible I have included a link to download a PDF version of this paper is, but this is not the case for all as you will appreciate. research over the years has been in a number of areas: precious metals, behavioural finance, international financial integration, international finance, and a number of publications in econophysics Peer Reviewed Journals
- Lucey, Brian M. (1988), ‘Efficiency in the Forward Exchange Market: An Application of Cointegration’, Economic and Social Review, 20 (1), 25-36.
- Lucey, Brian M. (1989), ‘Efficiency in the Forward Exchange Market: An Application of Co-Integration: Reply’, Economic and Social Review, 20 (3), 286-87
- Brian M. (1989), ‘The Real Wage Gap and Its Development over Time: The Irish Experience 1960-87: A Comment’, Economic and Social Review, 21 (1), 103-05.
- Lucey, Brian M. (1989), ‘Tests for the Macroeconomic Effects of Large-Scale Migration Based on the Irish Experience, 1948-87: A Comment’,Economic and Social Review, 20 (3), 274-77.
- Lucey, Brian M. (1993), ‘Profits, Efficiency and Irish Banks’, Journal of the Statistical and Social Inquiry Society of Ireland, 27 (1), 31-73. DOWNLOAD (warning: 2mb file…)
- Lucey, Brian M. and Quinn, Terence P. (1993), ‘The EC and BIS Risk Weighted Capital Adequacy Measures: A Critical Analysis’, Irish Business and Administrative Research, 14 (2), DOWNLOAD
- Lucey, Brian M. (1994), ‘Some Empirics of the ISEQ Index’, Economic and Social Review, 25 (2), 157-77.
- Lucey, Brian M., McCabe, Patrick, and McHugh, Gerard (1995), ‘An Analysis of the Investment Appraisal Practices of Irish Companies’, Irish Business and Administrative Research, 16, 101-114. DOWNLOAD
- Lucey, Brian M. (1996), ‘Examining the Profit-Efficiency Relationship in Irish Credit Institutions’, Irish Business and Administrative Research, 17, 110. DOWNLOAD
- Lucey, Brian M. (1996), ‘All About Eva’, Irish Banking Review, (Winter), 43-52.
- Lucey, Brian M. (1998), ‘Business Student Perceptions of Favourite and Effective Instructors: Do They Differ?’ Irish Business and Administrative Research, 19/20 (1), 90-99. DOWNLOAD
- Lucey, Brian M. (2000), ‘Anomalous Daily Seasonality in Ireland?’ Applied Economics Letters, 7 (10), 637-40.
- Lucey, Brian M. (2000), ‘Friday the 13th and the Philosophical Basis of Financial Economics’, Journal of Economics and Finance, 24 (3), 294-301. DOWNLOAD
- Lucey, Brian M. (2001), ‘Preholiday Calendar Regularities in Ireland’,Atlantic Economic Journal, 29 (4), 472.
- Lucey, Brian M. (2001), ‘Friday the 13th: International Evidence’, Applied Economics Letters, 8 (9), 577-79. DOWNLOAD
- Lucey, Brian M. and Whelan, Shane (2002), ‘A Promising Timing Strategy in Equity Markets: Ireland 1934-2000’, Journal of the Statistical and Social Inquiry Society of Ireland, 31, 74-110. DOWNLOAD
- Lucey, Brian M. (2002), ‘Market Direction and Moment Seasonality: Evidence from Irish Equities’, Applied Economics Letters, 9 (10), 657-64. DOWNLOAD
- Barrett, Alan and Lucey, Brian M. (200), ‘An Analysis of the Journal Article Output of Irish-Based Economists, 1970 to 2001’, Economic and Social Review, 34 (2), 109-43.
- Kearney, Colm and Lucey, Brian M. (2004), ‘International Equity Market Integration: Theory, Evidence and Implications’, International Review of Financial Analysis, 13 (5), 571-83. DOWNLOAD
- Lucey, Brian. M., & Whelan, S. (2004). Monthly and semi-annual seasonality in the irish equity market 1934-2000. Applied Financial Economics, 14(3), 203-208 DOWNLOAD
- Lucey, Brian M. (2004), ‘Robust Estimates of Daily Seasonality in the Irish Equity Market’, Applied Financial Economics, 14 (7), 517-23. DOWNLOAD
- Dowling, Michael and Lucey, Brian M. (2005), ‘Weather, Biorhythms, Beliefs and Stock Returns–Some Preliminary Irish Evidence’, International Review of Financial Analysis, 14 (3), 337-55. DOWNLOAD
- Lucey, Brian M. and Pardo, Angel (2005), ‘Why Investors Should Not Be Cautious About the Academic Approach to Testing for Stock Market Anomalies’, Applied Financial Economics, 15 (3), 165-71. DOWNLOAD
- Lucey, Brian M. (2005), ‘Does Volume Provide Information? Evidence from the Irish Stock Market’, Applied Financial Economics Letters, 1 (2), 105-09.
- Lucey, Brian M. (2005), ‘Are Local or International Influences Responsible for the Pre-Holiday Behaviour of Irish Equities?’ Applied Financial Economics, 15 (6), 381-89. DOWNLOAD
- Lucey, Brian M. and Dowling, Michael (2005), ‘The Role of Feelings in Investor Decision-Making’, Journal of Economic Surveys, 19 (2), 211-37. DOWNLOAD
- Lucey, Brian M. (2005), ‘Speculation or Hedging in the Irish Stock Exchange’, Applied Financial Economics Letters, 1 (1), 9-14.
- Birg, Grigory and Lucey, Brian M. (2006), ‘Integration of Smaller European Equity Markets: A Time-Varying Integration Score Analysis’, Applied Financial Economics Letters, 2 (6), 395-400. DOWNLOAD
- Kim S, Lucey Brian M , Wu E. (2006) Dynamics of Bond Market Integration between Established and Accession European Union Countries. Journal of International Financial Markets, Institutions and Money February 2006;16(1):41-56. DOWNLOAD
- Lucey, Brian M., Poti, Valerio, and Tully, Edel (2006), ‘International Portfolio Formation, Skewness and the Role of Gold’, Frontiers in Finance and Economics, 3 (1), 49-68.
- Lucey, Brian M. and Tully, Edel (2006), ‘Seasonality, Risk and Return in Daily Comex Gold and Silver Data 1982-2002’, Applied Financial Economics, 16 (4), 319-33. DOWNLOAD
- Lucey, Brian M. (2006), ‘Investigating the Determinants of the Wednesday Seasonal in Irish Equities’, Research in International Business and Finance,20 (1), 62-76. DOWNLOAD
- Lucey, Brian M. and Tully, Edel (2006), ‘The Evolving Relationship between Gold and Silver 1978-2002: Evidence from a Dynamic Cointegration Analysis: A Note’, Applied Financial Economics Letters, 2 (1), 47-53. DOWNLOAD
- Aggarwal, Raj and Lucey, Brian M. (2007), ‘Psychological Barriers in Gold Prices?’ Review of Financial Economics, 16 (2), 217-30. DOWNLOAD
- Coelho, Ricardo, Hutzler, S., Lucey, Brian M. and Richmond, Peter (2007), ‘The Evolution of Interdependence in World Equity Markets-Evidence from Minimum Spanning Trees’, Physica A: Statistical Mechanics and its Applications, 376 (1-2), 455-66. DOWNLOAD
- Fernandez, Viviana and Lucey, Brian M. (2007), ‘Portfolio Management under Sudden Changes in Volatility and Heterogeneous Investment Horizons’, Physica A: Statistical Mechanics and its Applications, 375 (2), 612-24. DOWNLOAD
- Hope, Edward and Lucey, Brian M. (2007), ‘Daily Seasonality in 19th Century Stocks–Some Evidence from the Dublin Stock Exchange’, Applied Economics Letters, 14 (4-6), 277-82. DOWNLOAD
- Jokipii, Terhi and Lucey, Brian M. (2007), ‘Contagion and Interdependence: Measuring Cee Banking Sector Co-Movements’,Economic Systems, 31 (1), 71-96. DOWNLOAD
- Lagoarde-Segot, Thomas and Lucey, Brian M. (2007), ‘International Portfolio Diversification: Is There a Role for the Middle East and North Africa?’ Journal of Multinational Financial Management, 17 (5), 401-16. DOWNLOAD
- Lagoarde-Segot, Thomas and Lucey, Brian M. (2007), ‘Capital Market Integration in the Middle East and North Africa’, Emerging Markets Finance and Trade, 43 (3), 34-57.
- Lucey, Brian M. and Delaney, Liam (2007), ‘A Psychological, Attitudinal and Professional Profile of Irish Economists’, Journal of Socio-Economics,36 (6), 841-55. DOWNLOAD
- Tully, Edel and Lucey, Brian M. (2007), ‘A Power GARCH Examination of the Gold Market’, Research in International Business and Finance, 21 (2), 316-25. DOWNLOAD
- Barari, Mahu, Lucey, Brian M., and Voronkova, Svitlana (2008), ‘Reassessing Co-Movements among G7 Equity Markets: Evidence from Ishares’, Applied Financial Economics, 18 (11), 863-77. DOWNLOAD
- Chelley-Steeley, Patricia and Lucey, Brian (2008), ‘The Microstructure of the Irish Stock Market’, Multinational Finance Journal 12 (3/4), 279-311. DOWNLOAD
- Coelho, Ricardo, Hutzler, S., Lucey, Brian M. and Richmond, Peter (2008), ‘A Random-Matrix-Theory-Based Analysis of Stocks of Markets from Different Countries’, Advances in Complex Systems, 11 (5), 655-68. DOWNLOAD
- Dowling, Michael and Lucey, Brian M. (2008), ‘Robust Global Mood Influences in Equity Pricing’, Journal of Multinational Financial Management, 18 (2), 145-64. DOWNLOAD
- Dowling, Michael and Lucey, Brian M. (2008), ‘Mood and UK Equity Pricing’, Applied Financial Economics Letters, 4 (4), 233-40. DOWNLOAD
- Eastman, Alex and Lucey, Brian M. (2008), ‘Skewness and Asymmetry in Futures Returns and Volumes’, Applied Financial Economics, 18 (10), 777-800. DOWNLOAD
- Gilmore, Claire G., Lucey, Brian M., and Boscia, Marian (2008), ‘An Ever-Closer Union? Examining the Evolution of Linkages of European Equity Markets Via Minimum Spanning Trees’, Physica A: Statistical Mechanics and its Applications, 387 (25), 6319-29. DOWNLOAD
- Gilmore, Claire G., Lucey, Brian M., and McManus, Ginette M. (2008), ‘The Dynamics of Central European Equity Market Comovements’, Quarterly Review of Economics and Finance, 48 (3), 605-22. DOWNLOAD
- Lagoarde-Segot, Thomas and Lucey, Brian M. (2008), ‘The Capital Markets of the Middle East and North African Region: Situation and Characteristics’, Emerging Markets Finance and Trade, 44 (5), 68-81. DOWNLOAD
- Lagoarde-Segot, Thomas and Lucey, Brian M. (2008), ‘Efficiency in Emerging Markets–Evidence from the Mena Region’, Journal of International Financial Markets, Institutions and Money, 18 (1), 94-105. DOWNLOAD
- Lucey, Brian M. and Voronkova, Svitlana (2008), ‘Russian Equity Market Linkages before and after the 1998 Crisis: Evidence from Stochastic and Regime-Switching Cointegration Tests’, Journal of International Money and Finance, 27 (8), 1303-24. DOWNLOAD
- Lucey, Brian M.. and Zhao, Shelly (2008), ‘Halloween or January? Yet Another Puzzle’, International Review of Financial Analysis, 17 (5), 1055-69. DOWNLOAD
- Aggarwal, Raj, Lucey, Brian M., and Mohanty, Sunil K. (2009), ‘The Forward Exchange Rate Bias Puzzle Is Persistent: Evidence from Stochastic and Nonparametric Cointegration Tests’, Financial Review, 44 (4), 625-45. DOWNLOAD
- Baur, Dirk G. and Lucey, Brian M. (2009), ‘Flights and Contagion-an Empirical Analysis of Stock-Bond Correlations’, Journal of Financial Stability, 5 (4), 339-52. DOWNLOAD
- Lagoarde-Segot, Thomas and Lucey, Brian M. (2009), ‘Shift-Contagion Vulnerability in the Mena Stock Markets’, World Economy, 32 (10), 1478-97. DOWNLOAD
- Batten, Jonathan and Lucey, Brian M. (2010), ‘Volatility in the Gold Futures Market’, Applied Economics Letters, 17 (2), 187-90. DOWNLOAD
- Batten, Jonathan, Ciner, Cetin, and Lucey, Brian M. (2010), ‘The Macroeconomic Determinants of Volatility in Precious Metals Markets’,Resources Policy, 35 (2), 65-71. DOWNLOAD
- Baur, Dirk G. and Lucey, Brian M. (2010), ‘Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold’, Financial Review, 45 (2), 217-29. DOWNLOAD
- Lucey, Brian M. and Zhang, Qiyu (2010), ‘Does Cultural Distance Matter in International Stock Market Comovement? Evidence from Emerging Economies around the World’, Emerging Markets Review, 11 (1), 62-78 DOWNLOAD
- Lucey, Brian M. and Sevic, Alexandr (2010), ‘Investigating the Determinants of Banking Coexceedances in Europe in the Summer of 2008’, Journal of International Financial Markets, Institutions and Money,20 (3), 275-83. DOWNLOAD
- Lucey, Brian M. (2010), ‘Lunar Seasonality in Precious Metal Returns?’Applied Economics Letters, 17 (9), 835-38. DOWNLOAD
- Lucey, Brian M., Aggarwal, Raj, and Muckley, Cal B. (2010), ‘Dynamics of Equity Market Integration in Europe: Impact of Political Economy Events’,Journal of Common Market Studies, 48 (3), 641-60. DOWNLOAD
- Gilmore, C. G., Lucey, B. M., & Boscia, M. W. (2010). “Comovements in government bond markets: A minimum spanning tree analysis” Physica A: Statistical Mechanics and its Applications, 389(21), 4875-4886. DOWNLOAD
- MacAnBhaird, C., & Lucey, B. (2010). “Determinants Of Capital Structure In Irish SMEs.” Small Business Economics, 35(3), 357-375. DOWNLOAD
- Gurdgiv, C., Lucey, B. M., MacAnBhaird, C., and Roche-Kelly, L., (2011) “The Irish Economy: Three strikes and you’re Out?” Panoeconomicus, (formerly World Development) 58(1) 19-41 DOWNLOAD
- Lucey, B. M., & Zhang, Q. (2010). “Financial Integration And Emerging Markets Capital Structure”. Journal of Banking and Finance , 35 (5), 1228-1238 DOWNLOAD
- Lucey, Brian M., and Muckley, Cal B. (2010), “Robust Global Stock Market Interdependencies And Portfolio Diversification” ,International Review of Financial Analysis, 20 (4) , pp. 215-224 DOWNLOAD (warning 1.5mb)
- Carron, B and Lucey, Brian M. (2011), “Stock Market Reaction to Female Board Appointments: the Case of the FTSE100”, Applied Economic Letters,18 (13) , pp. 1225-1229 Forthcoming
- MacAnBhaird, C and Lucey, Brian M (2012) “An empirical investigation of the financial growth life cycle” Journal of Small Business and Enterprise Development 18 (4) , pp. 715-731 DOWNLOAD
- Claus, E and Lucey, Brian M (2012) “Equity Market Integration in the Asia Pacific Region : Evidence from Discount Factors” Research in International Business and Finance, 26 (2) , pp. 137-163 (DOWNLOAD)
- Aggarwal, R, Kearney, C, and Lucey, Brian M. (2012) “Gravity and Culture in Foreign Portfolio Investment”, Journal of Banking and Finance,36 (2) , pp. 525-538 DOWNLOAD
- Dowling, M , Plaksina, Y and Lucey B (2012) “CEO Social Status and Acquisitiveness” Qualitative Research in Financial Markets , forthcoming (DOWNLOAD)
- Batten, J. A., Ciner, C., Lucey, B and P Szilagyi (2013) “The structure of gold and silver spread returns” Quantitative Finance, 13 (4) , pp. 561-570 (DOWNLOAD)
- Lucey, B, C Larkin and M Mulholland (2013) “Risk tolerance and demographic characteristics: Preliminary Irish Evidence” Financial Services Review (forthcoming).DOWNLOAD
- Lucey, B. Larkin, C. and O’Connor, F (2013) “London or New York : Where and When does the gold price originate?” Applied Economic Letters (forthcoming) DOWNLOAD
- Ciner, C, Gurdgiev, C and B Lucey (2013) “Hedges and Safe Havens: An Examination of Stocks, Bonds, Gold, Oil and Exchange Rates” International Review of Financial Analysis 29 , pp. 202-211 download
- Handley, D and B Lucey (2013) “Time Varying herding in European financial and banking stocks: 2001 -2011” Journal of Behavioural Finance (forthcoming)
- B Lucey, Nejadmalayeri, Ali and Manohar Singh (2013) “Do U.S. Macroeconomic Surprises Influence Equity Returns? An Exploratory Analysis of Developed Economies ” Quarterly Review of Economics and Finance (in press) download
- Loring, G., Lucey, B. (2013) “An analysis of forward exchange rate biasedness across developed and developing country currencies: Do observed patterns persist out of sample?” Emerging Markets Review, 17, pp. 14-28. (download)
- You, L., Lucey, B.M., Shu, Y.(2013) “An empirical study of multiple direct international listings” Global Finance Journal, 24 (1), pp. 69-84. (download)
- O’Connor, F and B Lucey (2013) “Do bubbles occur in the gold price? An investigation of gold lease rates and Markov Switching models ” Borsa Istanbul Review 13,3, 53-63 (Download)
- MacAnBhaird, Ciaran and B Lucey (2014) “Culture’s Influences: An investigation of inter-country differences in capital structure” Borsa Istanbul Review 14, 1, 1-9 (Download)
- Dowling, M and B Lucey (2014) “From Hubris to Nemesis: Irish Banks, Behavioral Biases, and the Crisis” Journal of Risk Management in Financial Institutions (forthcoming)
- Lucey, Brian M., O’Connor, Fergal A. and Larkin, Charles James, (2014) ” Gold Markets Around the World – Who Spills Over What, to Whom, When? ‘ Applied Economic Letters (forthcoming)
- Gurdgiev, C. , Larkin, C. and Lucey, B (2014) “Learning from the Irish Experience – a clinical case study in banking failure ” Comparative Economic Systems (forthcoming)
- Batten, J., Ciner, C., and Lucey B. (2014) “On the Economic Determinants of the Gold-Inflation Relation” Resources Policy (forthcoming)
- Li, S., and Lucey, B. (2015) “What precious metals act as safe havens, and when? Some US evidence” Applied Economics Letters (forthcoming)
- Aggarwal, R, O’Connor, F and Lucey B (2014) “Rationality in Precious Metals Forward Markets:Evidence of behavioural deviations in the gold markets” Journal of Multinational Financial Management (forthcoming
- Batten, J., Ciner, C., and Lucey B. (2014) “Which Precious Metal Markets Spillover to which, when and why ” Applied Economic Letters (forthcoming)
- Devine, L and B Lucey (2015) “Is wine a premier cru investment?” Research in International Business and Finance (forthcoming)
- Dowling, M. Cummins, M. Lucey, B . (2015) ” Psychological Barriers in Oil Futures Markets”. Energy Economics, forthcoming, DOWNLOAD
- Lucey, B and McQuilliam, M. , (2016 “Was Islamic Art an investment?”, Research in International Business and Finance, 36, 388-401, Download
- Cummins, M , Dowling, M and Lucey B (2015) “Psychological barriers in non-ferrous metals” Resources Policy, forthcoming, DOWNLOAD
- Goldstein, M, Goyal, A, Lucey, B and C Muckley (2015) “The global preference for dividends in declining markets”, The Financial Review, forthcoming. DOWNLOAD
- O’Connor, F., Lucey, B., Batten, J., and Baur., D (2016) “The Financial Economics of Gold – a review” International Review of Financial Analysis, 1-s2.0-S1057521915001325-main
- Zhang, Q., Lucey, B and Larkin, C (2016) “The economic impact of higher education institutions in Ireland: evidence from disaggregated input output tables” Studies in Higher Education, forthcoming
- O’Connor, F., Lucey, B., and Baur, D (2016) “Do Gold Prices Cause Production Costs? Evidence from Country and Company Data” Journal of International Financial Markets, Institutions and Money, forthcoming
- Hauptfleisch , M, Putniņš, T, and Lucey, B (2016) “Who sets the price of Gold? London or New York” Journal of Futures Markets, forthcoming
- Batten, J., Lucey, B. and Peat, M. (2016) “Gold and Silver Manipulation : what can be empirically verified? Economic Modelling 56, 168-76 Download
BOOKS AND JOURNALS
- Lucey, B, B Megginson and S Smart (2008) An Introduction to Corporate Finance in the European Context; London , Thomson Southwestern Educational 800pp + Instructors Manual, Testbank, PowerPoint and Excel Spreadsheets.
- Lucey, B (2010) Journal of Banking and Finance: Editor of Special Issue “Credit Market Integration: After the Storm?”
- Lucey, B (2009) Journal of Banking and Finance: Editor of Special Issue “Financial Integration and Credit markets”
- Lucey, B (2008) Journal of Multinational Financial Management: Editor of Special issue “Portfolio Management and Performance in the new millennium”
- Lucey, B (2007) Journal of Multinational Financial Management: Editor of Special issue “Measuring and Managing Contagion”
- Flavin, T , B Lucey and S Voronkova (2006) Quarterly Review of Economics and Finance : Editor of Special Issue ‘Real Determinants of Financial Integration
- B Lucey and J Steeley (2005) Journal of International Financial Markets, Institutions and Money :Editor of Special Issue ‘International Bond Market Integration” 16(1)
- C Kearney and B Lucey (2004) International Review of Financial Analysis : Editor of Special Issue ‘International Equity Market Integration’ 13(5)
- Lucey, B. (1997). Financial Management: An Introduction in the Irish Context. Dublin, Folens.330 pp + Students Workbook to Accompany
BOOK CHAPTERS
- Lucey, B and S Voronkova (2006) The Relations Between Emerging European And Developed Stock Markets Before And After The Russian Crisis Of 1997-1998. In: Jonathan A. Batten and Colm Kearney, Editor(s), International Finance Review, JAI, Volume 6, Pages 383-413.
- B Lucey and S Voronkova (2006) The Financial Instrumentalisation of Debt In Gurdgiev, C (ed) 2006 Innovative Solutions to the Debt Crisis, Liffey Press
- M Dowling and B Lucey (2010) Chapter 16 – Other Emotional Biases, In Baker, H Kent and J Wurgler, editors, Handbook of Behavioural Finance, Elsevier, 2010
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