Duca, Eric

Department: Finance and accounting


Eric Duca is Associate Professor of Finance at CUNEF, with a main research specialization in empirical corporate finance. Eric obtained his Honors Bachelor degree from the University of Malta, and subsequently spent three years as an economist at the Central Bank of Malta. Eric later obtained his Masters in Finance from the University of Durham, and completed his PhD at the Rotterdam School of Management, Erasmus University. Eric joined CUNEF as an assistant professor in 2011, and has been an associate professor since 2017.He teaches mainly in corporate finance, and his work has been published in journals such as Financial Management, The Journal of Corporate Finance, and The Journal of Banking and Finance. His work has been presented at several international conferences such as the Financial Management Association and the World Finance Conference.  He has also obtained research funding from public bodies such as FUNCAS and Trustfunds.


Rotterdam School of Management, Erasmus UniversityPhD in Finance

Durham University,  MSc in Finance

University of Malta,  Bachelor in Commerce (Economics)

Research Interests

securities issues, convertible bonds, credit ratings, behavioral finance, and the interaction between investors and corporations.


Economist, Central Bank of Malta (2002-2005)

Publications in Scientific Journals

Publication 1

“Do investors learn from the past? Evidence from follow-on equity issues”  Journal of Corporate Finance 39 (2016), pp 36–52.

Publication 2

“Do Convertible Bond Issuers Cater to Investor Demand?”, with Abe de Jong and Marie Dutordoir, Financial Management 42 (2013) pp. 41-78.

Publication 3

“Why Are Convertible Bond Announcements Associated with Increasingly Negative Abnormal Stock Returns? An Arbitrage-Based Explanation” with Marie Dutordoir, Chris Veld, and Patrick Verwijmeren, Journal of Banking and Finance 36 (2012), pp. 2884-2899.


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