Research
Published papers
SELECTED PUBLICATIONS
- Buy the dip? (with M. Simaan, T. Shohfi), European Financial Management, September 2024
- Homophily and Merger Dynamics (with M. Vaidya) , British Journal of Management, June 2024
- Dual Holding and Bank Risk, (with A. Taatian), Financial Review, Winter 2023
- Long tenured independent directors and firm performance (with K. John, J. Deng, M. Ferrari, David G. Ross), January 2022, Strategic Management Journal.
- Board meetings dynamics (with V. Lagasio), January 2022, Corporate Governance: an International Review.
- Digitization in Finance (with F. Bertoni, M. Colombo, S. Manigart, M. Wright), Entreprenurship Theory and Practice, August 2021
- Gazelles, ponies, and the impact of business angels’ characteristics on firm growth. (with V.Capizzi; A. Croce; and E. Ughetto), Journal of Small Business Management, September 2020
- The performance of angel-backed companies, (with V. Capizzi, P. Zocchi), Journal of Banking and Finance, 21 (2-3), May 2019.
- The Role of Venture Capital in the Entrepreneurial Finance Ecosystem: Future Threats and Opportunities (with V. Capizzi). Venture Capital, 21 (2-3), May 2019.
- Emerging trends in entrepreneurial finance (with V. Capizzi, D. Cumming). Venture Capital, 21 (2-3), May 2019,
- Angel Network Affiliation and Business Angels’ Investment Practices (with V. Capizzi, P. Zocchi, M. Valletta). Journal of Corporate Finance, June 2018
- Credit Market Concentration, Relationship Lending and the Cost of Debt (with A. Dell'Acqua, M. Fungo, V. Kysucky), International Review of Financial Analysis, 2016
- Secondary Buy-Outs: operating performance and investment determinants, Financial Management, Winter 2015.
- A, B or C? Experimental tests of IPO mechanisms (With O. Voloshyna), 2013, European Financial Management
- The effects of Venture Capitalists on the Governance of firms (With S. Alkan, A. Salvi) 2012, Corporate Governance: an International Review
- Corporate Scandals and Capital Structure (with D. Boraschi), 2011, Journal of Business Ethics
- The Macro and Political Determinants of Venture Capital Investments around the World (with S. Alkan), 2011, Small Business Economics
- Target price accuracy in equity research, (With R. Bianchini, A. Salvi, L. Zanetti), 2010, Journal of Business, Finance and Accounting
OTHER PUBLICATIONS
- Subjective valuation and target price accuracy(with Alexander Kerl, Giessen University). Journal of Financial Management, Markets and Institutions, June 2022.
- Does post-IPO M&A activity affect firms' profitability and survival? (with V. Capizzi, G, Giudici) Journal of Financial Management, Markets and Institutions, 1/2018
- Do firms hedge translation risk? (with M. Dallocchio, P. Raimbourg, A.Salvi), Journal of Financial Management, Markets and Institutions, 2/2016
- Testing Share Repurchases Hypotheses: a Conditional Study (With V. Capizzi, R. Mazzei), Corporate Ownership and Control, Vol. 5, n. 4, Summer 2008.
Book Chapters
- The role of angel syndicates on the demand and supply of informal venture capital (with V. Capizzi), 2019, in New Frontiers in Entrepreneurial Finance, World Scientific Publishing
- Institutional investors and corporate governance, in Handbook of Research on Entrepreneurship and Corporate Governance, Edward Elgar Press, 2016.
- The causes and financial consequences of corporate frauds (with D. Boraschi), 2012, in Entrepreneurship, Finance, Governance and Ethics, R. Cressy, D. J. Cumming, C. Mallin eds, Springer Press
- The development of Venture Capital. December 2011, in Handbook of Venture Capital and Private Equity, Douglas Cumming editor, Oxford University Press,
Working papers
- Bond ownership and credit default swap coverage (with K. John, NYU-Stern School of Business, S. Banerjee and M. Vaidya, Stevens Institute of Technology), under review
- The Value of Data in Portfolio Selection: a Machine Learning Approach, under review (with G. Zhou, Olin Business School; T. Shofi, SEC; and M. Simaan, Stevens Institute of Technology)
- Environmental Ethics, Financial Productivity, and Carbon Pricing, under review, (with M. Vaidya, S. Wu),
- Definitivity Avoidance as a Source of Informational Inefficiency, (with Filippo Pavesi, LIUC; Thomas Bassetti, University of Padova and Fausto Pacicco LIUC), under review.
- What is the Value of Analysts research? (with S. Bharath, Arizona State University), under review.
- Dark Trading and the Exchanges Switches, under review (with Eleni Gousgounis, CFTC; Filippo Pavesi, LIUC; and A. Taatian, Stevens Institute of Technology)
- Option to Abandon, Syndication and Investment Return (with S. Banerjee, Stevens Institute of Technology and Thorsten Janus, University of Wyoming), under review.
- Private ratings (with S. Bharath, Arizona State University)
- Business angels, crowdinvesting and the start-up funding gap. (with V. Capizzi, F. Pavesi, and G. Giudici)
- Dual Holders as control mechanism: Evidence from Leveraged Buyouts (with A. Taatian, Stevens Institute of Technology)
Research Awards
- October 2022: Financial Management Annual Conference, Best Paper Award (Finalist)
- October 2021: Financial Management Annual Conference, Best Paper Award (Runner-up)
- November 2019: Puebla Mexico, The Econometric Society American Conference, Honorable mention.
- June 2015: Amsterdam, EFMA Conference Best paper award (Runner-up)
- May 2014: Tokyo, FMA Conference Best paper award (Runner-up)
RESEARCH Coverage
Blog
- Harvard Law School Forum on Corporate Governance, June 2017 on Long Tenured Directors.
- Columbia Law School Blue Sky Blog, May 2017 on Long Tenured Directors.
Press
- Financial Times: multiple coverage on the Illumina buyout, 2023
- Financial Times: multiple coverage on the Twitter controversy, 2022
- WalletHub, interview on peer-to-peer lending, 2021
- CNN Business, interview on the fixed income market after the 2020 Presidential elections.
- Aftonbladet (Sweden), Norwegian Business Daily, coverage of article on Secondary buyouts December 2012.
- Fortune, coverage of article on Secondary buyouts, August 2012.
- Wall Street Journal, coverage of article on Secondary buyouts, October 2011.
- Il Mondo, Sarfatti 25: coverage of article on corporate scandals, 2011.
- Il Sole 24 ore, coverage of article on analyst target prices, 2008.
- L’espresso, coverage of article on analyst target prices, 2008.
- Il Mondo, coverage of article on analyst target prices, 2008.
- Il Corriere della Sera: coverage of article on analyst target prices, 2008.
- Il Sole 24 ore: roundtable with the CEO of Borsa Italiana and the president of AIAF on analyst accuracy and conflicts of interest, 2008.
TV
- AP: regular column capital markets, 2021-present
- Sky News columnist on inflation and FED policy 2022-presentCNBC Italy: invited speaker on conflict of interests in the investment banking industry, 2008.
- CNBC New York: invited speaker on the financial crisis, 2009.
- CNBC Italy: invited speaker on analyst forecasts and target prices. 2008.