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 investment and finance roles in the City of London.


• CFA Institute (Chartered Financial Analysts Institute)
• CFA Society of the UK
• International Association for Energy Economics
• Otago Energy Research Centre (OERC) (Steering Group Member)
• Otago Climate Change Network (OCCNet)
• British Accounting and Finance Association


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


“The evolving risk-return profile of energy utilities: Understanding the impact of liberalisation and decarbonisation”, Daniel J. Tulloch.

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


Diaz-Rainey, I, Ashton, J (Forthcoming) ‘Investment inefficiency and the adoption of eco-innovations: the case of household energy efficiency technologies’. Energy Policy

Nguyen, D, Diaz-Rainey, I, Gregoriou, A (forthcoming 2014) ‘Determinants of the capital structure of listed Vietnamese companies’, Journal of Southeast Asian Economies, 31:3, 412-431.


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

Tulloch, D, Diaz-Rainey, I, Premachandra, I (2014) ‘The impact of liberalization and environmental policy on the financial risk-return profiles of European energy utilities’, USAEE/IAEE Working Paper No. 14-183, Available at SSRN


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