Professor Neil Kellard
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Email
nkellard@essex.ac.uk -
Telephone
+44 (0) 1206 874153
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Location
EBS.3.9, Colchester Campus
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Academic support hours
You can find details of Academic support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911
Profile
Qualifications
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BA (MMU)
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MSc (Warwick)
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PhD (Nottingham)
Research and professional activities
Research interests
Finance (Financial inclusion, Derivative market efficiency, commodity portfolios, bubbles, hedge funds, hedge ratios, return predictability, asset price volatility)
International Finance (Forward premium puzzle, purchasing power parity)
Development (Inclusive growth, Prebisch-Singer hypothesis, modelling and forecasting commodity prices, linkages between commodities ,growth and poverty, the food crisis, political regime and health)
Applied econometrics (Spurious regressions, panel, forecasting, long memory, fractional cointegration and structural breaks, GARCH modelling)
Environment and Sustainability (cap and trade, carbon allowances, corporate governance)
Current research
Equity and Funding Liquidity as Determinants of European CDS Spreads, 2019 (with R Manac and C Banti)
Corporate Environmental Proactivity: Evidence from the European Union鈥檚 Emissions Trading System, 2019 (with P Andreou)
Finance-Inequality Nexus: the long and the short of it, 2019 (with Y Makhlouf and D Vinogradov)
Conferences and presentations
"I'm Forever Blowing Bubbles" - Finance and Explosive Asset Prices
Invited presentation, Keynote presentation, 4th Quantitative Finance and Risk Analysis Symposium, Greece, 8/6/2018
University of Nottingham, Ningbo (2016)
Ningbo, China, 2016
University of Nebraska (2014)
Omaha, United States, 2014
Higher School of Economics, Perm (2014)
Perm, Russia, 2014
BMRC-QASS, Brunel University(2013)
Uxbridge, United Kingdom, 2013
Liverpool University (2013)
Liverpool, United Kingdom, 2013
University of Tasmania (2012)
Hobart, Australia, 2012
Australian National University(2012)
Canberra, Australia, 2012
University ofDurham (2012)
Durham, United Kingdom, 2012
The Law Society, London (2011)
London, United Kingdom, 2011
International Symposium on Forecasting, San Diego (2010)
San Diego, United States, 2010
African Econometrics Society, University of Pretoria (2009)
Pretoria, South Africa, 2009
Teaching and supervision
Current teaching responsibilities
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Industry Expert Lectures in Finance (BE653)
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Finance in Practice: Industry Expert Lectures (CF968)
Previous supervision
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 3/7/2023
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 2/6/2023
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 20/9/2022
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 10/5/2022
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 1/10/2020
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 8/7/2020
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 11/5/2020
Degree type: Master of Science
Awarded date: 16/1/2020
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 24/7/2019
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 3/7/2019
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 25/3/2019
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 19/3/2019
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 4/7/2018
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 22/5/2017
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 29/6/2016
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 4/8/2015
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 25/6/2015
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 18/3/2015
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 27/11/2012
Publications
Journal articles (46)
Triantafyllou, A., Vlastakis, N. and Kellard, N., . Journal of Futures Markets, The
Makhlouf, Y., Kellard, N. and Vinogradov, D., (2025). Banks, Financial Markets, and Income Inequality. International Journal of Finance and Economics. 30 (1), 117-133
Yan, L., Kellard, NM. and Lambercy, L., (2025). . International Review of Financial Analysis. 100, 103983-103983
Manac, R., Banti, C. and Kellard, N., (2024). . Journal of International Financial Markets, Institutions and Money. 96 (October 2024), 102043-102043
Sarkisyan, A., Kellard, N., Makhlouf, Y. and Vinogradov, D., (2024). . World Development. 183, 106712-106712
Astill, S., Taylor, AMR., Kellard, N. and Korkos, I., (2023). . Journal of Empirical Finance. 70, 342-366
Makhlouf, Y., Kellard, N. and Vinogradov, D., (2023). . Journal of Commodity Markets. 32, 100359-100359
Kellard, N., Kontonikas, A., Lamla, M., Maiani, S. and Wood, G., (2023). . Journal of International Financial Markets, Institutions and Money. 89, 101853-101853
Kellard, N., Kontonikas, A., Lamla, M., Maiani, S. and Wood, G., (2022). . Journal of International Money and Finance. 120, 102232-102232
Zafar, U., Kellard, N. and Vinogradov, D., (2022). . Journal of Forecasting. 41 (2), 345-360
Kellard, NM., Kontonikas, A., Lamla, M. and Maiani, S., (2022). . British Journal of Management. 33 (1), 46-68
Ivan, M., Banti, C. and Kellard, N., (2022). . Journal of International Money and Finance. 127, 102671-102671
Liao, Y., Coakley, J. and Kellard, N., (2022). . International Review of Financial Analysis. 83, 102330-102330
Kellard, N. and Andreou, P., (2021). . British Journal of Management. 32 (3), 630-647
Akyildirim, E., Corbet, S., Katsiampa, P., Kellard, N. and Sensoy, A., (2020). The development of Bitcoin futures: Exploring the interactions between cryptocurrency derivatives. Finance Research Letters. 34, 101234-101234
Coakley, J., Girardone, C. and Kellard, N., (2020). Banks and financial markets in times of uncertainty. The European Journal of Finance. 26 (10), 893-896
Makhlouf, Y., Kellard, N. and Vinogradov, D., (2020). . Economic Inquiry. 58 (4), 1977-1994
Kellard, N., Jiang, Y. and Liu, X., (2020). . Journal of Futures Markets. 40 (10), 1486-1507
Kellard, NM., Snaith, S. and Ahmad, N., (2018). . Journal of Futures Markets. 38 (6), 673-695
Harvey, DI., Kellard, NM., Madsen, JB. and Wohar, ME., (2017). . World Development. 89 (C), 57-70
Makhlouf, Y., Kellard, NM. and Vinogradov, D., (2017). . Social Science and Medicine. 178 (C), 144-156
Kellard, NM., Millo, Y., Simon, J. and Engel, O., (2017). . British Journal of Management. 28 (1), 84-101
Kellard, NM. and Sliwa, M., (2016). . British Journal of Management. 27 (4), 693-711
Kellard, N. and Taylor, AMR., (2016). Special issue of the Journal of Empirical Finance Guest Editors' introduction. Journal of Empirical Finance. 38 (Part B), 513-515
Coakley, J., Kellard, NM. and Wang, J., (2016). . The European Journal of Finance. 22 (14), 1457-1483
Tsvetanov, D., Coakley, J. and Kellard, N., (2016). . Quantitative Finance. 16 (12), 1887-1899
Tsvetanov, D., Coakley, J. and Kellard, N., (2016). . Journal of Empirical Finance. 38 (PB), 516-533
Kellard, NM., Jiang, Y. and Wohar, M., (2015). . Journal of International Money and Finance. 56 (C), 36-54
Makhlouf, Y., Kellard, NM. and Vinogradov, D., (2015). . Economics Letters. 136 (C), 25-27
Kellard, NM., Osborn, D. and Coakley, J., (2015). . Journal of Time Series Analysis. 36 (5), 601-602
Dunis, C., Kellard, NM. and Snaith, S., (2013). . Journal of Banking & Finance. 37 (12), 4943-4957
Snaith, S., Coakley, J. and Kellard, NM., (2013). . Journal of Banking & Finance. 37 (9), 3681-3693
Kellard, NM., Nankervis, JC. and Papadimitriou, FI., (2010). . Journal of Empirical Finance. 17 (4), 539-551
Harvey, DI., Kellard, NM., Madsen, JB. and Wohar, ME., (2010). . Review of Economics and Statistics. 92 (2), 367-377
Kellard, NM., Dunis, C. and Sarantis, N., (2010). . Journal of Banking & Finance. 34 (4), 882-891
Coakley, J., Dollery, J. and Kellard, NM., (2010). . Journal of Futures Markets. 31 (11), 1076-1113
Kellard, NM. and Sarantis, N., (2008). . Journal of Empirical Finance. 15 (4), 714-728
Cerrato, M., Kellard, NM. and Sarantis, N., (2008). . The Manchester School. 76 (4), 405-423
Coakley, J., Dollery, J. and Kellard, NM., (2008). . Computational Statistics & Data Analysis. 52 (6), 3075-3082
Kellard, N., (2006). On the robustness of cointegration tests when assessing market efficiency. Finance Research Letters. 3 (1), 57-64
Kellard, N. and Wohar, ME., (2006). On the prevalence of trends in primary commodity prices. Journal of Development Economics. 79 (1), 146-167
Coakley, J., Kellard, N. and Snaith, S., (2005). The PPP debate: Price matters!. Economics Letters. 88 (2), 209-213
Kellard, N., (2002). Evaluating Commodity Market Efficiency: Are Cointegration Tests Appropriate?. Journal of Agricultural Economics. 53 (3), 513-529
Newbold, P., Rayner, T. and Kellard, N., (2000). Long鈥怰un Drift, Co鈥怣ovement and Persistence in Real Wheat and Maize Prices. Journal of Agricultural Economics. 51 (1), 106-121
Kellard, N., Newbold, P., Rayner, T. and Ennew, C., (1999). The relative efficiency of commodity futures markets. Journal of Futures Markets. 19 (4), 413-432
Newbold, P., Wohar, ME., Rayner, T., Kellard, N. and Ennew, C., (1998). Two puzzles in the analysis of foreign exchange market efficiency. International Review of Financial Analysis. 7 (2), 95-111
Books (1)
艢liwa, M. and Kellard, N., (2021). . Routledge. 036754749X. 9780367547493
Book chapters (2)
Kellard, N., (2021). . In: The Oxford Handbook of Hedge Funds. Editors: Cumming, D., Johan, S. and Wood, G., . Oxford University Press. 191- 214. 9780198840954
Kellard, NM., Harvey, D., Madsen, J. and Wohar, M., (2018). . In: Global Commodity Markets and Development Economics. Editors: Pfaffenzeller, S., . Routledge. 16- 50. 1138898252. 978-1138898257
Reports and Papers (10)
Vlastakis, N., Triantafyllou, A. and Kellard, N., Which Oil Shocks are Recessionary, and Which are Inflationary
Fu, SM., Kellard, N., Verousis, T. and Kalaitzoglou, I., (2024).
Kellard, N., Madsen, JB. and Snaith, S., (2023).
Manac, R-D., Banti, C. and Kellard, N., (2021).
Vlastakis, N., Triantafyllou, A. and Kellard, N., (2020).
Vlastakis, N., Triantafyllou, A. and Kellard, N., (2020).
Triantafyllou, A., Vlastakis, N. and Kellard, N., (2019).
Banti, C., Kellard, N. and Manac, R-D., (2018).
Kellard, NM., Kontonikas, A., Lamla, MJ., Maiani, S. and Wood, G., (2018).
Snaith, S., Kellard, NM. and Ahmad, N., (2015).
Grants and funding
2021
Above Surveying Ltd KTP3 Application
Innovate UK (formerly Technology Strategy Board)
2020
Methodologist of the Academic Journal Guide.
The Chartered Association of Business Schools (Chartered ABS)
2014
Smart Data Analytics for Business and Local Government
Economic & Social Research Council
Contact
Academic support hours:
You can find details of Academic support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911
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