Luca Del Viva

Luca Del Viva holds a PhD in Management from the University of Pisa, Italy. He is currently an Assistant Professor of Finance in the Department of Financial Management and Control at ESADE. His past and current research focuses on the impact of banking regulation in preserving financial stability, financial system and sovereign credit risk, credit risk and the role of information ambiguity in asset pricing. His recent research focuses on the evaluation of the new banking regulation in preventing banking crisis (published in Journal of Banking and Finance and in Annal of Finance). His on-going research examines the effect of incomplete information and idiosyncratic risk in asset pricing. Additionally, in separate projects, he attempts to study the interconnection between the financial system and the sovereign credit risk, the effects of the countercyclical banking capital requirements and empirically tests the validity of structural models of credit risk. Luca is an ad hoc referee for the Journal of Financial Intermediation, the Journal of Banking and Finance and International Finance.

### Areas of interest

• Asset pricing
• Banking and financial stability
• Credit risk

Education

• Doctor of Philosophy (Ph.D.) Università di Pisa (2007 — 2010)

Companies

• Associate Professor in Finance ESADE Business & Law School (2019)
• Director M.Sc. Finance ESADE Business & Law School (2018 — 2021)
• Assistant Professor ESADE Business & Law School (2012 — 2019)
• Postdoctoral Research Fellow ESADE Business & Law School (2010 — 2012)
• Research Fellow University of Pisa (2009 — 2010)

Selected publications

Del Viva, L., Kasanen, E., Saunders, A. & Trigeorgis , L. (2021). Is bailout insurance and tail risk priced in bank equities?. Journal of Financial Stability, (55), 100909.

Del Viva, L., Kothari, S., Lambertides , N. & Trigeorgis , L. (2021). Asymmetric returns and the economic content of accruals and investment. Management Science, 67 (6), pp. 3921-3942.

Del Viva, L., Kasanen, E., Saunders, A. & Trigeorgis, L. (2021). US government TARP bailout and bank lottery behavior. Journal of Corporate Finance, (66), pp. 101777-101777.

Bali, T., Del Viva, L., Lambertides , N. & Trigeorgis , L. (2020). Growth options and related stock market anomalies: Profitability, distress, lotteryness, and volatility. Journal of Financial and Quantitative Analysis, 55 (7), pp. 2150-2180.

Del Viva, L. & El Hefnawy, M. (2020). Financing decisions: The case of convertible bonds. International Review of Financial Analysis, (67), pp. 101393-101393.

Del Viva, L., Kasanen, E. & Trigeorgis , L. (2017). Real options, idiosyncratic skewness, and diversification. Journal of Financial and Quantitative Analysis, 52 (1), pp. 215-241.

Del Viva, L. & Barsotti, F. (2015). Performance and determinants of the Merton structural model: Evidence from hedging coefficients. Journal of Banking & Finance, 58 (2015), pp. 95-111.

Barucci, Emilio & Del Viva, L. (2013). Dynamic capital structure and the contingent capital option. Annals of Finance, 9 (3), pp. 337-364.

Barucci, Emilio & Del Viva, L. (2012). Countercyclical contingent capital. Journal of Banking & Finance, 36 (6), pp. 1688-1709.