Curriculum Vitae

Degree in Business Administration at Bocconi University, Milan, Italy, 1994
Ph.D. in Business Administration, Specialization Corporate Finance, Bocconi University, Milan, Italy, 1999

Best MBA SDA Professor in 2006
Best Master Programs SDA Professor in 2007
Best Custom Programs Coordinator - Executive Education Custom Programs - Banks and Financial Institutions Division” in 2008
Best Custom Programs SDA Professor - Executive Education Custom Programs - Banks and Financial Institutions Division” in 2010
Core Faculty Member of the Executive MBA; Program Faculty Member at MISB Bocconi, Mumbai


Academic position and/or Professional activities

Full Professor of Banking and Finance at  “Universita’ del Piemonte Orientale”, Department of Economics and Business Studies, Novara
Chairman of the International Relationships Committee at the Department of Economics and Business Studies, Universita’ del Piemonte Orientale, Novara
Rector’s Delegate to Cooperation and Development


Research Interests

  • Corporate Finance: risk-return analysis of investment projects; stock returns forecasting; corporate finance and investment banking operations (MBO/LBO, M&A, IPOs, merchant banking, project finance); investment banks’ advisory activity; firm-bank relationships
  • Venture capital, business angels and start-up financing
  • Financial Institutions Economics: performance and efficiency measurement of banks, leasing companies and other financial intermediaries; analysis of closed-end funds’ activity
  • Distressed firms, turnaround and debt restructuring procedures

Publications

Books and Monographs

  • “Crisi d’impresa e ristrutturazione del debito. Procedure, attori, best practice”, (ed.), Egea, Milano, 2014
  • “La domanda e l’offerta di servizi bancari a supporto dei processi di internazionalizzazione delle imprese”, in Brusoni M., Vecchi V., (eds.), L’internazionalizzazione delle imprese, Egea, Milano, 2012
  • “Determinants and Effects of Venture Capital and Private Equity Investments on Italian SMEs: Evidence from Italian Puzzle”, (with. R. Giovannini, V. Pesic), in F. Fiordelisi, P. Molyneux, D. Previati (eds.), New Issues in Financial and Credit Markets , Palgrave MacMillan, Basingstoke, UK, 2010
  • “Business angels e informal venture capital in Italia”, (with R. Giovannini), Bancaria, Roma, 2010
  • "Economia e gestione della banca", (con A.Biffi, L.Nadotti, M.Valletta), McGraw-Hill, Milano, 2010.
  • "Business angels e informal venture capital in Italia", (con R.Giovannini), Bancaria, Roma, 2010
  • “Determinants and Effects of Venture Capital and Private Equity Investments on Italian SMEs: Evidence from Italian Puzzle”, (with. R. Giovannini, V. Pesic), in F. Fiordelisi, P. Molyneux, D. Previati (eds.), New Issues in Financial and Credit Markets , Palgrave MacMillan, Basingstoke, UK, 2010
  • “La percezione del rapporto banca-impresa nella Provincia di Novara. Il punto di vista delle banche”, in M. Valletta, (a cura di), Le aggregazioni bancarie e l’evoluzione del rapporto banca-impresa nella Provincia di Novara, Giuffrè Editore, Milano, 2009
  • “Aziende quotate e buyback azionari: politiche di remunerazione degli azionisti o meccanismi di segnalazione?”, (con S. Bonini, R. Giovannini), in M. Brogi, (a cura di), Banca, Mercati e Risparmio. Saggi in onore di Tancredi Bianchi, Vol. 3, Bancaria, Roma, 2009
  • “I principali lineamenti della teoria del mercato dei capitali”, (con E. Bocchialini, G.M. Chiesi), in G. Gandolfi, (a cura di), Scelta e gestione degli investimenti finanziari, Bancaria, Roma, 2009
  • “Le tecniche di selezione dei singoli investimenti mobiliari: le obbligazioni”, (con D. Drago, G. Gandolfi, M. Valletta), in G. Gandolfi, (a cura di), Scelta e gestione degli investimenti finanziari, Bancaria, Roma, 2009
  • “L’investment banking in Italia”, Bancaria, Roma, 2007
  • “Leveraged acquisitions: technical and financial features”, in Caselli S., Gatti S., (eds.), Structured Finance. Techniques, Products and Market, Springer-Verlag, Berlin-Heidelberg, New York, 2005


Articles on international journals

  • “The returns of business angels’ investments and their major determinants”, Venture Capital: an international journal of entrepreneurial finance, Vol. 17, No. 1, SSN 1369-1066, (forthcoming)
  • “The role of Investment Banking in M&A Operations: Empiric Pre and Post Lehman Evidence" (with Giovannini R.), International Finance and Banking, Vol. 1, No. 2, December, 2014
  • “Linear and nonlinear determinants of the performance of informal venture capitalists’ investments. An empirical analysis”, Journal of Governance and Regulation, Special Conference Issue, April, 2013
  •  “In search for the Determinants of Share Repurchases Policies in the Italian Equity Capital Market: an Event Study” (with Giovannini R.), Corporate Board Journal, Vol. 7, 2011
  •  “Does Corporate Governance really matters for firm performance? Evidence from Italian IPOs market”, (with Giovannini R., Pesic V.), Journal of Corporate Ownership and Control, vol. 9, 2011
  • “The Role of Venture Capital and Private Equity for Innovation and Development of SMEs: Evidence from Italian Puzzle”, (with Giovannini R., Pesic V.), Journal of Applied Finance and Banking, vol. 1, no. 3, 2011
  • “What Drives the Returns of Business Angels’ Investments? An Empirical Analysis of the Italian Informal Venture Capital Market”, International Journal on GSTF Business Review, vol. 1, no. 2, October, 2011
  • “The Role of Venture Capital and Private Equity for Innovation and Development of SMEs: Evidence from Italian Puzzle”, (with Giovannini R., Pesic V.), Journal of Applied Finance and Banking, vol. 1, no. 3, 2011
  • “Does Corporate Governance really matters for firm performance? Evidence from Italian IPOs market”, (with Giovannini R., Pesic V.), Journal of Corporate Ownership and Control, vol. 9, 2011
  • “In search for the Determinants of Share Repurchases Policies in the Italian Equity Capital Market: an Event Study” (with Giovannini R.), Corporate Board Journal, Vol. 7, 2011
  • “Investment banking services: ownership structures, financial advisory and corporate governance models” (with G.M. Chiesi, R. Giovannini), International Journal of Business Administration, Vol. 1, November, 2010 (forthcoming)
  • Secondary Buyouts, Private Equity and Firms’ Corporate Governance”, (with R. Giovannini, V. Pesic), Journal of Corporate Ownership and Control, vol. 6, 2009
  • “Testing Share Repurchases Hypotheses: a Conditional Study”, (with S. Bonini, M. Lombardi, R. Mazzei), Journal of Corporate Ownership and Control, vol. 5, 2008


Articles on italian journals

  • “Il contributo del private equity nei processi di crescita e ristrutturazione: quali evidenze dai casi di delisting” (con Caselli S., Giovannini R., Pesic V.), Bancaria, n. 12, 2012
  • “Assetti proprietari, modelli di governance e domanda di servizi di investment banking”, (con G.M. Chiesi), Economia & Management, n. 5, 2008
  • “Venture capital pubblico-privato: stato dell’arte, condizioni e opportunità di sviluppo”, (con M. Brusoni, V. Vecchi), Economia & Management, n. 6, 2008
  • “Perché le operazioni di buyback sono sempre più frequenti? Un’analisi empirica sul mercato azionario italiano”, (with S. Bonini, M. Lombardi, R. Mazzei), Economia & Management, n. 2, 2007
  • “L’investment banking in Italia: principali problematiche e probabili direttrici di sviluppo”, Marketing e Finanza, n. 3, 2007
  • “Investment banking: un settore con elevata varietà di prodotti, operatori e business model”, Economia & Management, n. 1, 2006
  • “L’offerta di servizi di corporate finance: le specificità del contesto italiano”, Finanza Marketing Produzione, n. 2, 2006