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Dr Ivan Diaz-Rainey

Ivan Diaz-Rainey Senior Lecturer
MA (Hons) ATT M.Sc. ASIP PhD Pg. Cert. (HEP)

Tel 64 3 479 8117
Office CO 5.44
Email: ivan.diaz-rainey@otago.ac.nz

SSRN Author page

Dr Ivan Diaz-Rainey has previously held academic positions at the University of East Anglia (Norwich, UK), the European University Institute (Florence, Italy) where he was a Jean Monnet Fellow and the Higher Colleges of Technology (Abu Dhabi, UAE). Prior to moving into academia he worked in a variety of finance and investment roles for leading investment banks in the City of London.

CURRENT ROLES

• Senior Lecturer in Finance
• Co-Convenor (Co-Director) of the Otago Energy Research Centre (OERC)
• Associate Editor, Journal of Financial Regulation and Compliance (JFRC)

PROFESSIONAL AFFILIATIONS

• CFA Institute (Chartered Financial Analysts Institute)
• CFA Society of the UK
• International Association for Energy Economics

Teaching

o ACFI304 Financial Markets and Institutions
o ACFI359 Research Methods

Research Interests

His policy-focused research spans both finance and innovation research. He has previously conducted research, policy and consultancy work for a number of organisations, including the OECD, E.ON UK plc and the European Capital Markets Institute. His current research interests include:

• Carbon and energy finance
• Commodity markets (especially energy and dairy markets)
• Financial innovation
• Financial institutions
• Financial regulation (reform post Global Financial Crisis)
• Corporate finance
• Evolution of capital markets (HFT, ETFs and liquidity fragmentation)
• Innovation diffusion
• Induced diffusion of eco-innovations (e.g. renewables)
• Energy and environmental policy

PhD SUPERVISION 

“The evolving risk-return profile of energy utilities: Understanding the impact of liberalisation and decarbonisation”, Daniel J. Tulloch. (2013 to 2016) (Post-doctoral role: Research Associate, Stranded Assets Programme, University of Oxford)

"Securities Class Actions as Disciplinary Mechanisms: Fraud, Political Lobbying and Creditor Control Rights", Matthew McCarten.

WORKING PAPERS

Tulloch, D, Diaz-Rainey, I, Premachandra, I (2016) ‘Risk Factors in Energy Utility Returns: An Augmented-Four-Factor Model’ Working paper. Available at SSRN

McCarten, M, Diaz-Rainey, I & Roberts, H, (2015) ‘Lobbying and securities class actions pre- and post-SOX’ Working paper. Available at SSRN

Diaz-Rainey, I, Tulloch, D (2016) ‘Carbon Pricing in New Zealand’s Emissions Trading Scheme’ Working paper. Available at SSRN

Diaz-Rainey, I, Ashton, J, Yap, M, Genc, M, Whiting, R, (2014) ‘The determinants of regulatory responses to risks from financial innovation: Post GFC evidence for the G20’ Working paper. Available at SSRN

McCarten, M, & Diaz-Rainey, I (2014) ‘The impact of securities class actions on firm governance and operating performance’ Working paper. Available at SSRN

Roberts, H, Diaz-Rainey, I (2014) ‘Educational performance, clicker engagement and ethnicity: Evidence from Finance 101’ Working paper. Available at SSRN

ACCEPTED PAPERS

Tulloch, D, Diaz-Rainey, I, Premachandra, I (Forthcoming) ‘The impact of liberalization and environmental policy on the financial returns of European energy utilities’, The Energy Journal

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Publications

Diaz-Rainey, I., Ibikunle, G., & Mention, A.-L. (2015). The technological transformation of capital markets. Technological Forecasting & Social Change. Advance online publication. doi: 10.1016/j.techfore.2015.08.006

Diaz-Rainey, I., & Ashton, J. K. (2015). Investment inefficiency and the adoption of eco-innovations:The case of household energy efficiency technologies. Energy Policy, 82, 105-117. doi: 10.1016/j.enpol.2015.03.003

Essendorfer, S., Diaz-Rainey, I., & Falta, M. (2015). Creative destruction in Wall Street's technological arms race: Evidence from patent data. Technological Forecasting & Social Change. Advance online publication. doi: 10.1016/j.techfore.2014.11.012

Diaz-Rainey, I. (2014). Institutional investment in the European Union Emissions Trading Scheme. In J. P. Hawley, A. G. F. Hoepner, K. L. Johnson, J. Sandberg, & E. J. Waitzer (Eds.), Cambridge handbook of institutional investment and fiduciary duty. (pp. 127-145). Cambridge University Press.

Nguyen, D. T. T., Diaz-Rainey, I., & Gregoriou, A. (2014). Determinants of the capital structure of listed Vietnamese companies. Journal of Southeast Asian Economies, 31(3), 412-431. doi: 10.1355/ae31-3e

Chapter in Book - Research

Diaz-Rainey, I. (2014). Institutional investment in the European Union Emissions Trading Scheme. In J. P. Hawley, A. G. F. Hoepner, K. L. Johnson, J. Sandberg, & E. J. Waitzer (Eds.), Cambridge handbook of institutional investment and fiduciary duty. (pp. 127-145). Cambridge University Press.

Daskalakis, G., Ibikunle, G., & Diaz-Rainey, I. (2011). The CO2 trading market in Europe: A financial perspective. In A. Dorsman, W. Westerman, M. B. Karan, & Ö. Arslan (Eds.), Financial aspects in energy: A European perspective. (pp. 51-67). Berlin, Germany: Springer. doi: 10.1007/978-3-642-19709-3_4

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Journal - Research Article

Essendorfer, S., Diaz-Rainey, I., & Falta, M. (2015). Creative destruction in Wall Street's technological arms race: Evidence from patent data. Technological Forecasting & Social Change. Advance online publication. doi: 10.1016/j.techfore.2014.11.012

Diaz-Rainey, I., & Ashton, J. K. (2015). Investment inefficiency and the adoption of eco-innovations:The case of household energy efficiency technologies. Energy Policy, 82, 105-117. doi: 10.1016/j.enpol.2015.03.003

Diaz-Rainey, I., Ibikunle, G., & Mention, A.-L. (2015). The technological transformation of capital markets. Technological Forecasting & Social Change. Advance online publication. doi: 10.1016/j.techfore.2015.08.006

Nguyen, D. T. T., Diaz-Rainey, I., & Gregoriou, A. (2014). Determinants of the capital structure of listed Vietnamese companies. Journal of Southeast Asian Economies, 31(3), 412-431. doi: 10.1355/ae31-3e

Wang, X., Chang, H. K., Yee, R. W. Y., & Diaz-Rainey, I. (2012). A two-stage fuzzy-AHP model for risk assessment of implementing green initiatives in the fashion supply chain. International Journal of Production Economics, 135, 595-606. doi: 10.1016/j.ijpe.2011.03.021

Diaz-Rainey, I., & Tzavara, D. (2012). Financing the decarbonized energy system through green electricity tariffs: A diffusion model of an induced consumer environmental market. Technological Forecasting & Social Change, 79, 1693-1704. doi: 10.1016/j.techfore.2012.05.012

Diaz-Rainey, I., & Ibikunle, G. (2012). A taxonomy of the ‘dark side’ of financial innovation: The cases of high frequency trading and exchange traded funds. International Journal of Entrepreneurship & Innovation Management, 16(1/2), 51-72.

Diaz-Rainey, I., & Ashton, J. K. (2011). Profiling potential green electricity tariff adopters: Green consumerism as an environmental policy tool? Business Strategy & the Environment, 20(7), 456-470. doi: 10.1002/bse.699

Diaz-Rainey, I., Siems, M., & Ashton, J. K. (2011). The financial regulation of energy and environmental markets. Journal of Financial Regulation & Compliance, 19(4), 355-369. doi: 10.1108/13581981111182956

Davies, S. W., & Diaz-Rainey, I. (2011). The patterns of induced diffusion: Evidence from the international diffusion of wind energy. Technological Forecasting & Social Change, 78(7), 1227-1241. doi: 10.1016/j.techfore.2011.03.012

Diaz-Rainey, I., & Ashton, J. K. (2008). Stuck between a ROC and a hard place? Barriers to the take up of green energy in the UK. Energy Policy, 36(8), 3053-3061. doi: 10.1016/j.enpol.2008.03.038

More publications...