Barbara Casu Lukac

Professor Barbara Casu Lukac is the Director of the Centre for Banking Research at Cass Business School. Barbara joined the Faculty of Finance at Cass in August 2007. Previously, she was a Senior Lecturer in Financial Studies with the University of Wales, Bangor. She has also worked at the University of Reading (UK); Aston University (UK) and the Catholic University of Milan (Italy).

Her research interests are in is empirical banking, although several of Barbara's research projects are cross-disciplinary and include aspects of financial regulation, structured finance, accounting and corporate governance. She is co-author of the book Introduction to Banking (FT Pearson Education). Barbara has recently co-edited (with Thorsten Beck) The Palgrave Handbook of European Banking (2017)

Qualifications

• BSc Economics, Catholic University of the Sacred Heart, Milan, Italy
• MA, Bangor University, Bangor, United Kingdom
• PhD Economics, Bangor University, United Kingdom

Fellowships

• International Research Centre on Cooperative Finance, HEC Montreal, Apr 2015 – present
• Centre for Responsible Banking & Finance, University of St Andrews, Feb 2015 – present
• Associate Senior Fellow, Financial Institutions and Prudential Policy Unit, Oct 2008 – Apr 2015

Memberships of Professional Organisations

• Associate Senior Fellow, Centre for European Policy Studies (CEPS), Oct 2008 – Jun 2015
• Academic, British Accounting Association, Nov 2007 – present

Languages

Italian.

Expertise

Primary Topics

• Banking
• Financial InstitutionsI
• ndustrial Organization

Additional Topics

Financial Economics Financial Regulation Mergers & Acquisitions

Industries/Professions

banking

Geographic Areas

Europe

Research

The main focus of my research is empirical banking, although several of my research projects are cross-disciplinary and include aspects of financial regulation, structured finance, accounting and corporate governance.

Books (4)

• Beck, T. and Casu, B. (2017). Preface. ISBN 978-1-137-52144-6.
• Casu, B. and Gall, A. (2016). Building Societies in the Financial Services Industry. Palgrave Macmillan UK. ISBN 978-1-137-60208-4.
• Casu, B., Girardone, C. and Molyneux, P. (2015). Introduction to Banking. Financial Times/Prentice Hall. ISBN 978-0-273-71813-0.
• Casu, B., Girardone, C. and Molyneux, P. (2006). Introduction to Banking. England: Pearson Education. ISBN 978-0-273-69302-4.

Chapters (8)

• Beck, T. and Casu, B. (2017). European banking: An overview. The Palgrave Handbook of European Banking (pp. 3–24). ISBN 978-1-137-52144-6.
• Casu, B. and Ferrari, A. (2015). Dynamics of bank efficiency in the EU and SEMC: Is there a convergence? In Ayadi, R., Dabrowski, M. and De Wulf, L. (Eds.), Economic and Social Development of the Southern and Eastern Mediterranean Countries (pp. 183–199). Springer. ISBN 978-3-319-11122-3.
• Casu, B. and Sarkisyan, A. (2014). Securitization. In Berger, A., Molyneux, P. and Wilson, J. (Eds.), The Oxford Handbook of Banking Oxford University Press, USA. ISBN 978-0-19-968850-0.
• Chiaramonte, L., Casu, B. and Bottiglia, R. (2013). The Assessment of the Net Stable Funding Ratio (NSFR) Value. Evidence from the Financial Crisis. In Monsalvez, J.M.P. and Radoselovics, J.F.D. (Eds.), (pp. 83–94). PALGRAVE. ISBN 978-1-137-00186-3.
• Arnaboldi, F. and Casu, B. (2011). Corporate Governance in European Banking. In Barth, J.R., Lin, C. and Wihlborg, C. (Eds.), Research Handbook for Banking and Governance Edward Elgar Publishing.
• Casu, B., Girardone, C. and Molyneux, P. (2011). Is there a conflict between competition and financial stability? In Barth, J.R., Lin, C. and Wihlborg, C. (Eds.), Research Handbook for Banking and Governance Edward Elgar Publishing.
• Casu, B. and Girardone, C. (2009). Integration and Efficiency in EU Banking Markets. In Balling, M., Gnan, E., Lierman, F. and Schoder, J.-.P. (Eds.), Productivity in the Financial Services Sector (pp. 89–110). Vienna: Larcier. ISBN 978-3-902109-49-1.
• Casu, B. and Nieri, L. (2007). Investment Services and Conflicts of Interest in the United Kingdom. In Presti, G., Rescigno, M., Anolli, M. and Banfi, A. (Eds.), Banks, Investment Services and Conflicts of Interest Bologna, Italy: Il Mulino.

Journal Articles (36)

• Casu, B., Deng, B. and Ferrari, A. (2017). Post-crisis regulatory reforms and bank performance: lessons from Asia. European Journal of Finance, 23(15), pp. 1544–1571. doi:10.1080/1351847X.2016.1177566.
• Chiaramonte, L. and Casu, B. (2017). Capital and liquidity ratios and financial distress. Evidence from the European banking industry. British Accounting Review, 49(2), pp. 138–161. doi:10.1016/j.bar.2016.04.001.
• Casu, B., Ferrari, A., Girardone, C. and Wilson, J.O.S. (2016). Integration, productivity and technological spillovers: Evidence for eurozone banking industries. European Journal of Operational Research, 255(3), pp. 971–983. doi:10.1016/j.ejor.2016.06.007.
• Ballester, L., Casu, B. and González-Urteaga, A. (2016). Bank fragility and contagion: Evidence from the bank CDS market. Journal of Empirical Finance, 38, pp. 394–416. doi:10.1016/j.jempfin.2016.01.011.
• Ayadi, R., Naceur, S.B., Casu, B. and Quinn, B. (2016). Does Basel compliance matter for bank performance? Journal of Financial Stability, 23, pp. 15–32. doi:10.1016/j.jfs.2015.12.007.
• Casu, B., Dontis-Charitos, P., Staikouras, S. and Williams, J. (2016). Diversification, Size and Risk: The Case of Bank Acquisitions of Nonbank Financial Firms. European Financial Management, 22(2), pp. 235–275. doi:10.1111/eufm.12061.
• Casu, B., Fabbri, D. and Wilson, J.O.S. (2014). Emerging issues in financial institutions and markets. EUROPEAN JOURNAL OF FINANCE, 20(10), pp. 847–849.
• Casu, B., Clare, A., Sarkisyan, A. and Thomas, S. (2013). Securitization and Bank Performance. Journal of Money, Credit and Banking, 45(8), pp. 1617–1658. doi:10.1111/jmcb.12064.
• Casu, B., Ferrari, A. and Zhao, T. (2013). Regulatory Reform and Productivity Change in Indian Banking. Review of Economics and Statistics, 95(3), pp. 1066–1077. doi:10.1162/REST_a_00298.
• Chiaramonte, L. and Casu, B. (2012). The determinants of bank CDS spreads: Evidence from the financial crisis. The European Journal of Finance, 19(9), pp. 861–887. doi:10.1080/1351847X.2011.636832.
• Wilson, J.O.S., McMillan, D.G. and Casu, B. (2011). Contemporary issues in financial institutions and markets. European Journal of Finance, 17(9-10), pp. 765–768. doi:10.1080/1351847X.2010.546684.
• Casu, B. and Chiaramonte, L. (2011). Are Cds spreads a good proxy of bank risk? Evidence from the recent financial crisis. BANCARIA, 11 .
• Casu, B., Clare, A., Sarkisyan, A. and Thomas, S. (2011). Does securitization reduce credit risk taking? Empirical evidence from US bank holding companies. EUROPEAN JOURNAL OF FINANCE, 17(9-10), pp. 769–788. doi:10.1080/1351847X.2010.538526.
• Casu, B. and Girardone, C. (2010). Integration and efficiency convergence in EU banking markets. Omega, 38(5), pp. 260–267. doi:10.1016/j.omega.2009.08.004.
• Wilson, J.O.S., Casu, B., Girardone, C. and Molyneux, P. (2010). Emerging themes in banking: Recent literature and directions for future research. British Accounting Review, 42(3), pp. 153–169. doi:10.1016/j.bar.2010.05.003.
• Zhao, T., Casu, B. and Ferrari, A. (2010). The impact of regulatory reforms on cost structure, ownership and competition in Indian banking. Journal of Banking and Finance, 34(1), pp. 246–254. doi:10.1016/j.jbankfin.2009.07.022.
• Sarkisyan, A., Casu, B., Clare, A. and Thomas, S. (2010). Does Securitization Improve Bank Performance? Evidence from US Commercial Banks. Bancaria (Associazione Bancaria Italiana), 3, pp. 56–62. Casu, B. and Girardone, C. (2009). Testing the relationship between competition and efficiency in banking: A panel data analysis. Economics Letters, 105(1), pp. 134–137. doi:10.1016/j.econlet.2009.06.018.
• Casu, B. and Girardone, C. (2009). Competition Issues in European Banking. Journal of Financial Regulation and Compliance, 17(2), pp. 119–133.
• Casu, B. and Girardone, C. (2009). Integrazione ed efficienza nei mercati bancari europei. Banche e Banchieri, 5, pp. 345–357.
• Zhao, T., Casu, B. and Ferrari, A. (2008). Deregulation and productivity growth: A study of the Indian commercial banking industry. International Journal of Business Performance Management, 10(4), pp. 318–343. doi:10.1504/IJBPM.2008.019990.
• Casu, B., Ben Khedhiri, H. and Sheik Rahim, F. (2008). Profitability and interest rates differentials in Tunisian Banking. Journal of Financial Decision Making, 4(2) .
• Beccalli, E., Casu, B. and Girardone, C. (2006). Efficiency and stock performance in European banking. Journal of Business Finance and Accounting, 33(1-2), pp. 245–262. doi:10.1111/j.1468-5957.2006.01362.x.
• Casu, B. and Girardone, C. (2006). Bank Competition, Concentration and Efficiency in the Single European Market. The Manchester School, 74(4), pp. 441–468. doi:10.1111/j.1467-9957.2006.00503.x.
• Casu, B. and Thanassoulis, E. (2006). Evaluating Cost Efficiency in Central Administrative Services in UK Universities. Omega, The International Journal of Management Science, 34(5), pp. 417–426.
• Casu, B., Shaw, D. and Thanassoulis, E. (2005). Using a group support system to aid input-output identification in DEA. Journal of the Operational Research Society, 56(12), pp. 1363–1372. doi:10.1057/palgrave.jors.2601965.
• Casu, B. and Girardone, C. (2005). An analysis of the relevance of off-balance sheet items in explaining productivity change in European banking. Applied Financial Economics, 15(15), pp. 1053–1061.
• Casu, B. and Girardone, C. (2004). Large banks' efficiency in the single European market. The Service Industries Journal, 24(6), pp. 129–142. doi:10.1080/0264206042000299211.
• Casu, B. and Girardone, C. (2004). Financial Conglomeration: Efficiency, Productivity and Strategic Drive. Applied Financial Economics, 14(10), pp. 687–696.
• Casu, B., Girardone, C. and Molyneux, P. (2004). Productivity Change in Banking: A Comparison of Parametric and Non-Parametric Approaches. Journal of Banking and Finance, 28(10), pp. 2521–2540.
• Casu, B., Molyneux, P. and Lukac, B.C. (2003). A Comparative Study of Efficiency in European Banking. Applied Economics, 35(17), pp. 1865–1876.
• Casu, B. and Giradone, C. (2003). Testing for managerial efficiency and productivity of Italian bank conglomerates. Credito Popolare, 3(3/4), pp. 353–370.
• Casu, B. and Girardone, C. (2002). A comparative study of the cost efficiency of Italian bank conglomerates. Managerial Finance, 28(9), pp. 3–23. doi:10.1108/03074350210768031.
• Casu, B. and Molyneux, P. (2000). Efficiency and Structural Issues in European Banking�. Revue Banque, 6, pp. 370–380.
• Casu, B. and Girardone, C. (1998). A comparative Analysis of the Efficiency of Italian Banking Groups. Credito Popolare, 4
• Casu, B. (1998). The efficiency of the Italian banking system post-privatisation (1992 -1996). Problemi di Gestione dell'Impresa, 24, pp. 37–73.

Course Directorship

• 2008 - present, MSc Banking and International Finance, Director
• 2011 - present, Centre for Banking Research, Director

Editorial Activities (16)

• Cogent Economics and Finance, Associate Editor, 2015 – present.
• Journal of Financial Management, Markets and Institutions, Associate Editor, 2012 – present.
• European Journal of Finance, Special Editor, 2011 – 2013.
• Banca Impresa Societa', Associate Editor, 2009 – present.
• The European Journal of Finance, Associate Editor, 2008 – present.
• European Journal of Finance, Referee, 2006 – present.
• Journal of Comparative Economics, Referee, 2006 – present.
• European Economic Review, Referee, 2004 – present.
• Journal of Business, Finance and Accounting, Referee, 2004 – present.
• Journal of Productivity Analysis, Referee, 2004 – present.
• European Journal of the Operational Research Society, Referee, 2003 – present.
• Omega, the International Journal of Management Science, Referee, 2002 – present.
• Applied Economics, Referee, 2001 – present.
• Applied Financial Economics, Referee, 2001 – present.
• Journal of Banking and Finance, Referee, 2001 – present.
• Journal of the Operational Research Society, Referee, 2001 – present.